PTA allows 19 companies to manufacture mobiles locally
May 25, 2021
ISLAMABAD: Pakistan Telecommunication Authority (PTA) has allowed 19 foreign and local companies to manufacture mobiles locally, ARY NEWS reported on Tuesday.
Announcing the decision from its Twitter handle, the PTA said it has issued Mobile Device Manufacturing Authorizations to 19 foreign and local companies for the production of mobile devices (2G/3G/4G ) locally.
Press Release: PTA has issued Mobile Device Manufacturing Authorizations to 19 foreign and local companies for the production of mobile devices (2G/3G/4G ) locally. pic.twitter.com/zsAuGucdBb
“Aimed at encouraging manufacturers to set up their plants in Pakistan, the Government has introduced a comprehensive and supportive Mobile Manufacturing Policy, subsequent to which PTA issued Mobile Device Manufacturing (MDM) Regulations in 2021,” the authority said.
• Customs duty on cotton yarn imports withdrawn
• Kapco removed from privatisation list
ISLAMABAD: The Economic Coordination Committee (ECC) of the Cabinet on Wednesday exempted three Punjab-based power plants of 3,900 megawatts from compulsory purchases of liquefied natural gas (LNG) quantities from January 2022, removed a major power plant from privatisation list and withdrew customs duty on import of cotton yarn.
The meeting presided over by Minister for Finance, Revenue, Industries and Production Muhammad Hammad Azhar also approved a Rs11.7 billion supplementary grant for financing four mother and child hospitals in Punjab.
Already cleared by the Cabinet Committee on Energy (CCoE) in September last year, the Power Division presented a summary regarding waiver of minimum 66pc take-or-pay commitment in Power Purchase Agreements (PPAs) and Gas Supply Agreements (GSAs) of three RLNG-based public sector power plants. Located in Punjab, these plants included Quaid-e-Azam Ther
The Ambassador of Japan His Excellency Mr. Kuninori Matsuda called on the Federal Minister for Finance, Revenue, Industries and Production Muhammad Hammad Azhar at the Finance Division in Islamabad on Thursday and discussed issues of mutual interest.
More investment linkage with Saudi Arabia stressed
Business
April 14, 2021
ISLAMABAD: Federal Minister for Finance, Revenue, Industries, and Production Muhammad Hammad Azhar on Tuesday stressed the need for further strengthening investment and business linkages with Saudi Arabia to its full potential and facilitating Pakistani diaspora abroad.
The minister was talking to Ambassador-Designate to the Kingdom of Saudi Arabia Lt Gen Bilal Akbar (Retd) who made a courtesy call on him at the Finance Division, a statement issued by the Finance Ministry said.
The minister welcomed the ambassador-designate and wished him success in his new assignment.
Pakistan and Saudi Arabia were enjoying historical relations over the years, he said, adding that these bilateral ties were rooted in centuries-old religious, cultural, and commercial links between the people of the two countries.
Ambassador-designate to Saudi Arabia meets Hammad Azhar dnd.com.pk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from dnd.com.pk Daily Mail and Mail on Sunday newspapers.