PEL Acquires $60M Assets from Kuwait KUFPEC in Pakistan Exit

PEL Acquires $60M Assets from Kuwait KUFPEC in Pakistan Exit

In recent developments, a foreign company has started to pull out from Pakistan’s oil and gas sector. This company, KUFPEC (Kuwait Foreign Petroleum Exploration Company), has sold its assets worth approximately $60 million to a local entity, Pakistan Energy Limited (PEL). The decision to sell is due to several challenges in Pakistan’s energy sector, especially…

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Starlink and Shanghai Spacecom Apply for Licenses in Pakistan

Starlink and Shanghai Spacecom Apply for Licenses in Pakistan

The State Minister for Information Technology and Telecommunication, Shaza Fatima Khawaja, recently shared important news with the National Assembly. She mentioned that two international companies, Elon Musk Starlink Internet Services and Shanghai Spacecom Satellite Technology from China, have applied for licenses to operate in Pakistan. Details About the Applications These two companies are hoping to…

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Pakistani Workers Now Need New Document to Enter UAE

Pakistani Workers Now Need New Document to Enter UAE

Pakistani workers who want to seek employment in the UAE will now have to go through a new process: obtaining a police verification report. This change was discussed during a meeting of the Senate Standing Committee on Overseas Pakistanis and Human Resource Development, highlighting the evolving immigration requirements for those seeking job opportunities in the…

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PTA Issues 177 Telecom Licenses in FY24

PTA Issues 177 Telecom Licenses in FY24

The Pakistan Telecommunication Authority (PTA) has issued 177 telecom licenses in the fiscal year 2023-24, marking a significant move towards improving the country’s digital and telecom infrastructure. These licenses cover a variety of telecom services, from wireless communications to innovative technologies, supporting Pakistan’s goal to boost digital services across the nation. Diverse Range of Telecom…

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