Pakistan Telecommunication Company Limited reported a Rs 9.90 billion half-year loss, exposing structural weaknesses, while $800m privatization dues from Etisalat remain unsettled. Pakistan Telecommunication Company Limited (PTCL), once Pakistan’s telecom monopoly and still the largest fixed-line operator, has reported a massive consolidated loss of Rs 9.90 billion for the half-year …
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Aftab Maken Pakistan’s competition watchdog has urged the telecom regulator to block Temu, citing unfair trade practices and threats to local businesses. The Competition Commission of Pakistan (CCP) has formally requested the Pakistan Telecommunication Authority (PTA) to impose a ban on the Chinese e-commerce platform Temu, arguing that its unchecked …
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BeNewz Report ISLAMABAD: The Pakistan Virtual Assets Regulatory Authority (PVARA) held its first board meeting on Tuesday, marking what officials described as a “historic milestone” in the country’s adoption of blockchain, digital assets, and the wider digital economy. According to the Ministry of Finance, the meeting focused on aligning PVARA …
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Committee concerns about Ufone’s continued financial losses BeNewz Report The Senate Standing Committee on IT and Telecom has expressed serious concern over Jazz’s additional billing of more than Rs 6 billion from consumers and its poor quality of service. The meeting, chaired by Senator Palwasha Khan of the Pakistan Peoples …
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Finance Minister Muhammad Aurangzeb has said that Pakistan will back innovation and regulatory frameworks to help youth and the private sector drive growth. Finance Minister Muhammad Aurangzeb has reaffirmed the government’s commitment to creating a conducive environment for the private sector, highlighting its role as the main engine of Pakistan’s …
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BeNewz Report ISLAMABAD: The government has set ambitious goals under the New Energy Vehicle Policy 2025-30, targeting a 30 percent increase in electric vehicle (EV) sales by 2030 to promote environmentally friendly transport. As part of the policy, three to four charging stations will be established across the country, with …
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BeNewz Report ISLAMABAD: China Mobile Pakistan’s prolonged unauthorized use of additional radio spectrum after expiry of its 2G license has cost the exchequer Rs18 billion. The audit report revealed that M/s China Mobile Pakistan Ltd, operating as Zong, continued using temporary additional compensatory spectrum after the expiry of its 2G …
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BeNewz Report ISLAMABAD: Pakistan’s leading telecom operator, Jazz, has come under scrutiny after a recent audit report accused the company of overcharging its subscribers by an alarming Rs 6.58 billion. The Senate Standing Committee on Information Technology and Telecommunication has taken notice of the matter and summoned the Chairman of …
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Aftab Maken Audit report reveals Pakistan’s largest telecom operator violated approved tariffs, with PTA faulted for regulatory lapses that left millions of consumers overbilled. Pakistan’s leading telecom operator, Jazz, overcharged its subscribers by Rs6.58 billion during the fiscal year 2023-24 in clear violation of approved tariffs, according to an official …
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BeNewz Report ISLAMABAD: The Competition Appellate Tribunal has upheld the Competition Commission of Pakistan’s (CCP) decision to penalize Pakistan Telecommunication Company Limited (PTCL) and other Long Distance International (LDI) operators for entering into an anti-competitive International Clearing House (ICH) agreement. The tribunal directed the companies to deposit the fine within …
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