Competition Commission calls for policy, financing, and regulatory reforms to boost Pakistan’s auto industry. Aftab Maken ISLAMABAD: The Competition Commission of Pakistan (CCP) has released a landmark report, “The Road to Fair Competition – A Study of Pakistan’s Automobile Industry,” highlighting structural and regulatory challenges and recommending sweeping reforms to …
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BeNewz Report ISLAMABAD: Senate Standing Committee on Privatization was informed that the Fauji Foundation is not part of the Arif Habib consortium set to acquire Pakistan International Airlines (PIA), while the government will retain a 25 percent stake in the national carrier valued at Rs45 billion. The briefing was given …
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BeNewz Report ISLAMABAD: Deputy Prime Minister and Foreign Minister Ishaq Dar landed in Dubai on Friday for a high-stakes official visit, arriving directly from the World Economic Forum in Davos, Switzerland. His primary agenda: urgent talks with the management of UAE-based telecom powerhouse Etisalat to untangle a protracted dispute over …
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Aftab Maken ISLAMABAD: For Pakistan’s aviation sector, the government has officially shelved a high-profile plan to hand over management and operations of Islamabad International Airport (IIAP) to the United Arab Emirates (UAE), following Abu Dhabi’s repeated failure to nominate a partner. The decision marks the end of months of negotiations …
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Aftab Maken ISLAMABAD: A major controversy has erupted over the hefty meeting fees and perks provided to the Chairman and members of the Pakistan Telecommunication Company Limited (PTCL) Board of Directors. Official documents reveal that the PTCL Chairman receives $8,000 per board meeting, while each director is paid $5,000 per …
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BeNewz Report ISLAMABAD: The Economic Coordination Committee (ECC) of the federal cabinet has approved recommendations for the country’s largest-ever spectrum auction, which will improve 3G and 4G services while enabling the commercial rollout of 5G technology in Pakistan for the first time. Federal Finance Minister Muhammad Aurangzeb and Minister of …
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BeNewz Report ISLAMABAD: The government has moved a step closer to privatising its national flag carrier as four domestic and foreign companies have pre-qualified to bid for a 75% stake in Pakistan International Airlines. An official statement issued here on Thursday confirmed that the buyer will be required to retain …
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Aftab Maken ISLAMABAD: Finance Minister, Senator Aurangzeb Khan on Thursday made his first official visit to the Pakistan Virtual Asset Regulatory Authority (PVARA), underlining the government’s commitment to regulating the rapidly growing digital assets sector. He was briefed on PVARA’s roadmap to implementing a comprehensive regulatory framework for virtual assets. …
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Aftab Maken ISLAMABAD: Pakistan Telecommunication Authority has started licensing VPN companies under its renewed Class Value Added Services–Data regime, marking a shift toward regulated and authorised private-network access in the country. The decision was announced in Islamabad on Thursday morning and reflects PTA’s wider push to strengthen national data security …
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BeNewz Report LONDON: Meta Platforms Inc., the parent company of Facebook, Instagram, and WhatsApp, has been profiting heavily from fraudulent advertising, according to internal documents obtained by Reuters. The documents reveal that Meta internally estimated it would generate about 10% of its 2024 revenue—roughly $16 billion—from ads promoting scams, illegal …
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