CCP approves PIL Holdings’ Merger
The Competition Commission of Pakistan (CCP) has greenlit a significant mergerwithin the deep-sea container liner shipping services market. PIL Holdings Pte Ltdhas obtained approval to acquire a minor shareholding in PIL Pte Ltd, both entitieshailing from Singapore.Under this sanctioned merger, PIL Pte, with an indirect subsidiary named PacificDelta Shipping (PDSPL) operating in Pakistan, facilitates the […]
NTDC advocating conversion of power plants to Thar Coal
The National Transmission and Despatch Company (NTDC) has thrown its weight behind theconversion of M/s Lalpir (LP) and Pakgen (PG) to Thar coal, citing potential improvements involtage stability and short-circuit power within the Mepco region. In a detailed letter addressedto the Managing Director of PPIB, Ali Zain Banatwala emphasized the pivotal role that theproposed conversion […]
Ownership of Heavy Electrical Complex transferred to IMS Engineering
The privatization of the Heavy Electrical Complex (HEC) has been successfullyconcluded as the ownership of the entity was formally transferred to M/S IMSEngineering (Pvt) Limited. The ceremony, graced by Caretaker Federal Minister forPrivatisation Fawad Hasan Fawad, marked the conclusive handover of sharecertificates to the buyer.In a remarkable transaction valued at Rs 1.4 billion, IMS Engineering […]