The Pakistan Telecommunication Company Ltd (PTCL) on Tuesday presented a detailed business development plan to the Competition Commission of Pakistan (CCP), marking a crucial step in the ongoing process of acquiring Telenor Pakistan. This submission comes after the CCP had earlier agreed to the acquisition of Telenor Pakistan (Pvt) Ltd and Orion Towers, contingent on certain conditions. The
In a major development, struggling Quaid-i-Azam University (QAU) on Tuesday received Rs2 billion bailout package from the federal government. Economic Coordination Committee (ECC) headed by Finance Minister Muhammad Aurangzeb, besides other agenda items, approved the package for QAU. “The ECC approved in principle a bailout grant of Rs2 billion for Quaid-i-Azam University, contingent upon th
Oil prices edged lower on Tuesday as rising Opec+ supply and worries of weaker global demand countered concern about US President Donald Trump’s threats to India over its Russian oil purchases. Brent crude futures were down 58 cents, or 0.84pc, to $68.18 a barrel at 12:17 p.m. EDT (1617 GMT), while US West Texas Intermediate crude slipped 59 cents, or 0.89pc, to $65.7. Both contracts fell by mo
Prime Minister Shehbaz Sharif on Tuesday directed the authorities to simplify and expand access to low-cost agricultural loans for small- and medium-scale farmers and take measures for boosting of the Small and Medium Enterprises (SMEs) in the country. Presiding over a review meeting, the PM called it a critical step for boosting agricultural productivity and ensuring economic dignity for the c
United States President Donald Trump on Tuesday said he would increase the tariff charged on imports from India from the current rate of 25 per cent “very substantially” over the next 24 hours, given India’s continued purchases of Russian oil. “India has not been a good trading partner, because they do a lot of business with us, but we don’t do business with them. So we settled on 25pc but I th