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CCP finishes Telenor merger review | The Express Tribune

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ISLAMABAD:

The Competition Commission of Pakistan (CCP) has almost completed the first phase review of a merger under which Pakistan Telecommunication Company Limited (PTCL) is taking over operations of Telenor Pakistan. It is likely to finalise a report by next week.

Sources said that different teams of the CCP had obtained almost all the required documents from relevant stakeholders and their analysis was likely to be completed by March 30.

Under the Competition Act, 2010, the phase-I review of a merger is completed in 30 days after the acceptance of an application and the basic criterion for the phase-I review is to determine whether the merger is strengthening a dominant position.

PTCL holds 100% stake in Ufone and the merger of PTCL/ Ufone and Telenor Pakistan is less likely to cause market distortion in the cellular landscape of Pakistan.

According to data compiled by the Pakistan Telecommunication Authority (PTA), Telenor Pakistan is the third largest mobile telecom company with 44.78 million subscribers while Ufone is at the fourth spot having 25.28 million subscribers.

While their collective subscriber base will widen to 70.06 million, the largest player in Pakistan is Jazz with 70.95 million subscribers, or 37.31% of the total market share.

Read Telenor plans strategic solution by year-end

On the other hand, the collective share of Ufone and Telenor will be 36.84% of the total subscribers.

The second position in the current scenario is held by Zong Pakistan with 47.40 million subscribers but after the completion of merger formalities, it will drop to the last place among three cellular mobile operators in Pakistan.

The government of Pakistan has the largest shareholding of 62% in PTCL while 26% shares along with management rights are held by ‘e&’ of the UAE telecom operator Etisalat.

After lengthy and secretive talks, which were mostly held outside Pakistan, the management of e& entered into a deal in December 2023 with the management of Telenor for taking over all interests of Telenor in the country.

The CCP conducted the phase-II review from February 12, 2016 to March 9, 2016, when Jazz acquired Warid Telecom, putting itself in a dominant position.

Meanwhile, a senior official of Ufone emphasised that the CCP could initiate the phase-II review based on certain conditions like any complaint from the remaining two telecom operators and to ensure transparency in the process.

The phase-II review is a 90-day process and is conducted if a merger significantly reduces competition by creating or strengthening a dominant position.

The CCP’s phase-II review of the formal merger between PTCL/ Ufone and Telenor Pakistan will be held after the start of next fiscal year in July.

At the same time, the Ufone-Telenor merger will meet other thresholds for the phase-II review, which include combined assets of more than Rs1 billion for the merging parties and their combined revenue surpassing Rs1 billion.

Published in The Express Tribune, March 23rd, 2024.

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Pakistan

Honda CD70 Dream Latest Price, Installment Plans – Sep 2024 Update – Pakistan Observer

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Honda remains leader in bikes market, with its top-selling units like CD 70, and that’s without making any major changes as the entry-level bikes look almost same for a long time. As the CD-70 remains its most selling model, bikes like the CD-70 Dream and Pridor are considered a niche products.

Despite failing to achieve top sales, CD 70 Dream is still in the market, featuring air-cooled, 4-stroke engine that delivers smooth performance and impressive fuel economy, often averaging around 60-70 km/l, making it ideal for daily commuting.

The bike looks better with stylish and modern design with attractive graphics, as compared to simple CD70. People also like its comfort as built quality remains optimum, comparing to other players.

Its pricing makes it accessible to a wide audience, including students and working professionals, solidifying its status as a favorite among motorcycle enthusiasts in Pakistan.

As bikes prices remain out of hands, people are having hard time to upgrade their ride while companies also face low sales.

Honda CD 70 Dream Price

The price of Honda CD70 Dream is Rs168,900 in September 2024.

Honda CD 70 Dream Installments

Installment Plans Monthly Payments 
3 months Rs56,300
6 months Rs28,300
9 months Rs21,890
12 months Rs17,200
24 months Rs10,170
36 months Rs7,800

 

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Check Property Ownership in Lahore, other Punjab cities Online – Pakistan Observer

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If you live in Lahore or any other city in Punjab; you might have faced difficulties in getting land record in previous years, but now the government made the land verification process smooth with digitization.

To curb the menace of land mafia and to help residents of Punjab, the government rolled out a systematic process and also eased the process of property transfers and real estate transactions.

A new verification system is Live by provincial authorities to check the legitimacy of properties available for purchase or investment across the region of 110 million people.

The relevant authority in this regard is Punjab Land Record Authority which oversees management and maintenance of land records. You can get different services, including ability to search for and view land records, as well as request copies of documents.

Check Property Ownership Online 2024

Here’s Step by Step Guide To Check property ownership

Step 1: Please visit PLRA portal at Punjab-zameen.gov.pk.

Step 2: Find ‘Property Registration,’ on home and click on https://rodportal.punjab-zameen.gov.pk/.

Step 3: It will ask you to select your district and service center.

Step 4: You can search by different options including Bahi number, ID card, registration number, or by person name.

Step 5: After entering details, please advance to ‘Search’ to get the land ownership.

With latest updates, you can check data on number of property transfers in last 36 months.

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Suzuki Bolan discontinued in Pakistan after 36 years; Here’s replacement for ‘Carry Dabba’ – Pakistan Observer

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LAHORE – Finally, it’s time to say goodbye to the iconic Suzuki Bolan as Pak Suzuki pulled plugs to replace the minivan with another model. Over the last 3.5 decades, Suzuki Bolan enjoyed decent sales and was valued for its flexibility, serving a multi-passenger vehicle and for commercial purposes.

Amid shift in auto landscape in Pakistan, Bolan becomes latest drive to be discontinued after Suzuki Mehran, which you can still spot.

Pictures of Suzuki Bolan’s last batch surfaced online, and Pakistanis hit nostalgia as many grew up in this vehicle. The final chassis number marked as 01151691. The country’s oldest automaker and maker of Bolan also confirmed discontinuation of the 800cc Carry Dabba.

The company decided to replace Bolan for its outdated design and lack of safety features. Amid its low sales, consumer demand for a modern replacement like Changan Karvaan increased.

Suzuki Every to Replace Bolan

Suzuki earlier mentioned that Every will replace Bolan, and one of its recent model was unveiled at a recent auto show.

The launch of Every models faced delays due to import challenges and it is expected to launch in mid October.

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Gold prices reach historic high in Pakistan – Pakistan Observer

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