The Pakistan Telecommunication Authority (PTA) announced that internet service providers are adding additional bandwidth as an alternative arrangement for internet issues being faced by users across the country.
Internet connectivity was disrupted due to a fault in an international submarine cable.
The telecom authority said Trans World Associates (TWA) had communicated to them that there was a service degradation in the international connectivity towards Europe on the SMW5 cable system due to a subsea fault near Abu Talat, Egypt.
“Work is underway to rectify the fault however it may take some time until the fault is removed completely,” said the PTA in a tweet. It assured internet users that it was monitoring the situation and will continue to update internet users in Pakistan.
A day earlier, PTA had informed users about problems that Pakistanis may face in internet connectivity due to the fault.
The telecom regulator did not mention a timeline regarding the restoration of services.
TCS has announced the appointment of Moin A Malik as CEO of TCS Logistics Private Limited. Malik has an illustrious career in the logistics industry with which he has been associated for over three decades. Before joining TCS Logistics he was the CEO of Agility Pakistan, a company he led for over 20 years.
Malik’s first tenure at TCS started in 1984 and by the time he left in 1997 he had held many senior management positions. Malik is an active member of ACAAP, PIFFA, and Founder Chairman of FOAP (Fleet Operators Association of Pakistan) and is an expert in modern logistics and transportation networks. With experience in express courier, freight forwarding, 3PL Logistics, and Distribution Services, Malik, has frequently liaised with international bodies and the Government to resolve issues related to the logistics industry.
“As we expand and grow, we are reorganizing our logistics business to continue to provide the best services to our customers. As part of this process, I am pleased to welcome Moin A. Malik as the CEO of TCS Logistics Private Limited. I am confident that his extensive experience in the industry, complemented by his knowledge of TCS will help us move expediently towards achieving our objectives”, said Saira Awan, President of TCS (Pvt.) Ltd.
As the CEO of TCS Logistics Private Limited, he will be leading and transforming warehousing and distribution, fleet, overland, and d and involved in further development of new business opportunities.
Pak Suzuki has directed its dealers to stop taking new orders of motorcycles from July 1, according to a notification issued by the company, as supply-chain issues hinder production.
Industry officials say the company has been unable to import completely knocked down units (CKDs) due to restrictions on the issuance of Letters of Credit (LC) by the central bank.
The issue has impacted the wider auto industry which has been unable to continue the production process.
“We don’t know when the company would be starting taking orders again,” said a Pak Suzuki motorcycle dealer. “It can be a week, two weeks, or a month.”
On the other hand, Suzuki has also released a new motorcycle rate list to its dealers – raised prices by up to Rs10,000.
The company raised the prices of GD110S, GS150, and GS150SE by Rs7,000. The new prices are Rs219,000, Rs239,000 and Rs256,000, respectively. The price of GR150 has been increased by Rs10,000. The new price is Rs349,000.
The new rates are effective from July 2. Suzuki also jacked up prices of its motorcycles in June 2022.
The increase comes after Atlas Honda and Yamaha, the other Japanese bike-makers in the country, also jacked up prices of their motorcycles with effect from this month.
Tesla Inc (TSLA.O) delivered 17.9% fewer electric vehicles in the second quarter from the previous quarter, as China’s COVID 19-related shutdown disrupted its production and supply chain.
The world’s biggest electric car maker said that it delivered 254,695 vehicles in the April to June period, compared with 310,048 vehicles in the preceding quarter, ending a nearly two-year-long run of record quarterly deliveries.
A resurgence in COVID-19 cases in China had forced Tesla to temporarily suspend production at its Shanghai factory and also affected suppliers’ facilities in the country.
Tesla is ramping up production at the Shanghai factory with the easing of the COVID-19 lockdown, which will help boost deliveries in the second half.
Early in June, Ch
ief Executive Officer Elon Musk told executives that he had a “super bad feeling” about the economy and needed to cut about 10% of staff at the electric car maker.
Musk has said demand for Tesla vehicles remains strong, but supply-chain challenges remain.
In June, Tesla again hiked prices for some of its models in the United States and China after Musk had warned of significant inflationary pressure on raw materials and logistics.June 2022 was the highest vehicle production month in the company’s history, Tesla said in a news release.
Analysts had expected Tesla to report deliveries of 295,078 vehicles for the April to June period, according to Refinitiv data. Several analysts had slashed their estimates further to about 250,000 due to China’s prolonged lockdown.
The world’s most valuable automaker has posted record deliveries every quarter since the third quarter of 2020, weathering pandemic and supply-chain disruptions better than most automakers.
China has been instrumental in Tesla’s rapid increase in vehicle production, with the low-cost, lucrative Shanghai factory producing roughly half of the company’s total cars delivered last year.
Musk said in April that Tesla’s overall vehicle production in the second quarter would be “roughly on par” with the first quarter, driven by a China rebound.
But he recently said Tesla had a “very tough quarter,” citing production and supply-chain challenges in China. Musk also said Tesla’s new factories in Texas and Berlin are “gigantic money furnaces” losing billions of dollars as they struggle to increase production quickly.
Tesla shares have fallen 35% so far this year, hit by Musk’s $44 billion proposed acquisition of Twitter Inc (TWTR.N), the China lockdown, and macroeconomic uncertainties.
The electricity generation by WAPDA hydel power stations surpasses 8800 MW during the peak hours on the night of 12 Sep 2021, which is the highest hydel electricity generation during the current year.
According to the generation details, WAPDA delivered as much as 8854 MW of electricity to the National Grid during peak hours last night. This quantum of hydel power share registered an increase of about 1277 MW if compared with that of the previous year. This increased share of hydel electricity in the National Grid is the result of maximum power generation from Tarbela Hydel Power Station and Tarbela 4th Extension Hydel Power Station.
The statistics of the hydel generation during the peak hours show that Tarbela Hydel Power Stations cumulatively generated 4926 MW much higher than the installed capacity of 4888 MW. Mangla Hydel Power Station contributed 920 MW, Ghazi Barotha 1450 MW, and Neelum Jhelum 850 MW while other hydel power stations cumulatively shared 708 MW to the National Grid.
At present, WAPDA owns and operates 22 hydel power stations, including Neelum Jhelum with a cumulative installed generation capacity of 9406 MW. These hydel power stations provide about 37 billion units of electricity annually on average to the National Grid. The share of hydel generation greatly contributes to lowering the overall tariff for the consumers, as electricity generated through other sources is far costlier than hydel electricity.
It is pertinent to mention that WAPDA is vigorously implementing a least-cost energy generation plan to enhance the share of hydel electricity in the National Grid. A number of mega projects are being constructed in the hydropower sector scheduled to be completed from 2023 to 2028-29. WAPDA projects will double the installed hydel power generation capacity from 9406 MW to 18431 MW. Likewise, WAPDA’s contribution of green and clean hydel electricity to the National Grid will also increase from the existing 37 billion units to more than 81 billion units per annum.
The flagship project under CPEC ±660 kV HVDC Matiari – Lahore Transmission Line had achieved its commercial operation date successfully on 01 Sep 2021 as per the agreed timeline between National Transmission and Despatch Company Ltd (NTDC) and Pak Matiari-Lahore Transmission Line Company (PMLTC).
Prior to its COD, as many as 8 power tests on different voltage levels were performed successfully. The power test include Commissioning Tests (DC Station Tests) Lahore Commissioning Tests (DC Station Tests) Matiari, Mono-pole Low Power System Tests (Upto 400 MW each pole) , Bi-pole Low Power System Tests (Upto 800 MW Bi-pole), Mono-pole High Power Tests (2200 MW, each pole) (A5:),Bi-pole High Power Tests at Maximum Available Power (MAP), Special Optional Tests (recommended by OE). Whereas, the last test i.e Trial Operation (168 hrs) and Capability Demonstration Test (06 hrs) has been successfully completed on 18.08.2021.
In this regard, a ceremony was held at WAPDA House Lahore, attended by Managing Director NTDC Engr. Azaz Ahmad and Ms Zhang Lei, President and CEO of PMLTC and other reps from both companies were also present on the occasion.
Managing Director NTDC Engr. Azaz Ahmad appreciated Chinese company for completion of the project in time. He said that the first ±660 kV HVDC Matiari Lahore Transmission Line will bring stability in NTDC transmission network after having being crossed many bridges successfully.
The 878 kilometers 4000 MW project has been completed by Pak-Matiari Lahore Transmission Company (Pvt) Limited, on Built-Own-Operate-Transfer (BOOT) basis for a term of 25 years. The project will evacuate power from the new generating units located in the south including Thar coal-based projects. The ECC on July 25, 2017 approved the Security Package Documents i.e. Implementation Agreement (lA) and Transmission Services Agreement (TSA) which were subsequently executed on May 14, 2018. The NTDC will be responsible for the operation and maintenance of the transmission line.
HVDC technology is a maiden addition in the national grid of the country, though it’s been widely used for a long time around the world, and the need of long-distance high-power transmission from generating stations in the far-flung areas towards densely located load centers. The said project is a milestone for NTDC when it comes to diversifying the national grid and it will serve a great deal towards NTDC mission of a reliable, efficient and stable national grid.
Federal Minister for IT and Telecommunication Syed Amin Ul Haque chaired the 12th meeting of Prime Minister’s Taskforce on IT & Telecom. Secretary IT Dr. Sohail Rajput, Chairman P@SHA Barkan Saeed, and MD Pakistan Software Export Board (PSEB) Osman Nasir were also present in the meeting. The meeting discussed matters related to spectrum auction, connectivity, and fibrization.
Addressing the meeting, Federal Minister for IT Syed Amin Ul Haque said that strong directions are being issued for bringing improvements in mobile network and Internet services in the
country. More steps will be taken for skill development and branding Pakistan in the world, he said. He said positive results are coming following the implementation of Taskforce proposals. Earlier, the participants of the meeting expressed complete satisfaction with all the initiatives of the Ministry of IT & Telecom. The meeting was also given a detailed briefing on steps for the development of the IT and Telecom sector besides different policies. The meeting was attended by senior officers of MOITT.
EVACUATION OF 1224 MW POWER FROM WIND POWER PLANTS
The National Transmission and Despatch Company Ltd (NTDC) has secured Rs 6400 million financing Facility from Consortium of Banks (Habib Bank Limited, National Bank of Pakistan & Bank Islami Pakistan Limited). The financing facility will be utilized for the construction of 220 /132 kV substation and 35 km long allied Transmission Lines to evacuate 1224 MW clean renewable energy generated by wind power plants located at Jhimpir Wind Corridor.
Managing Director NTDC Engr. Muhammad Ayub signed the contract of financing facility with Mr. Asad Altaf GM Corporate Banking Head (Central) HBL, Mr. Zia-ud-Din Tahir Unit Head NBP (Corporate) and Mr. Amir Ashraf Head Corporate (Central) Bank Islami during a signing ceremony held at WAPDA House Lahore.
Managing Director NTDC has said, for the first time NTDC has explored the option of raising a financial facility at its own resources (balance sheet) without GoP guarantee. Whereas, previously, it had relied on GoP guaranteed loans from the local market. This financing facility would be a precursor for more funding for upcoming NTDC projects.
He furthered said that PC-1 cost of the Jhimpir-II project is Rs 10.753 billion and the funding required was Rs 6.40 billion. The project will have sufficient capacity to transmit more power in future. To meet the future developments in Gharo-Jhimpir wind corridor, the 220 kV grid station will be upgraded to 500 kV capacity in coming years.
Deputy Managing Director NTDC Mr. Safdar Ali, Chief Financial Officer NTDC Mr. Wasim Saadat and other senior officials from NTDC and Banks were also present on the occasion.
Ambassador of the Kingdom of Saudi Arabia in Pakistan H.E. Nawaf bin Saeed Al-Malkiy called on the Federal Minister for Economic Affairs Mr. Omar Ayub Khan in his office. The Saudi Ambassador apprised the Minister for Economic Affairs about successful visit of the Prime Minister of Pakistan to Saudi Arabia and shared its outcomes.
During the meeting, the Saudi Ambassador informed that Saudi Fund for Development (SFD) has approved 901 million Saudi Riyal (Rs. 37.4 billion) for Mohmand Hydropower Project. The SFD has approved this financing at highly concessional terms with 2% interest rate and 25-years repayment period.
This dam will be constructed on Swat River in District Mohmand of Khyber Pakhtunkhwa Province and generate 800MW electricity. It will also irrigate 16,000 acre land and boost agriculture productivity in the region. This dam will play vital role in socioeconomic uplift of the province. Minister for Economic Affairs highlighted that Mohmand Hydropower Project will not only help unleash hydropower potential of the Khyber Pakhtunkhwa Province but also improve energy security by increasing share of hydel power in the country’s energy mix. “Our government is focusing on environment friendly and affordable energy through development of solar, wind and hydel resources”, he added. The Minister for
Economic Affairs appreciated the Saudi support in the priority development areas.
Both the sides also discussed the bilateral economic cooperation and committed to expedite the implementation of ongoing development projects. The Saudi Ambassador assure of continued support at all level to further strengthen the economic cooperation between the two brotherly countries. The Saudi Ambassador said that the Saudi-side is committed to play a much stronger role in the socioeconomic development of Pakistan. The Ambassador also appreciated the role of Pakistani workers in the development of Saudi Arabia.
The Special Technology Zones Authority (STZA) and Rapidev DMCC signed a Memorandum of Understanding (MoU) to establish a Technology Park in Pakistan’s first Special Technology Zone (STZ) in Islamabad,
a state-of-the-art development that will facilitate a high-tech business environment. The signing ceremony was held in Islamabad and attended by members of both the organizations, technology sector professionals, and government officials. According to the MoU, both the organizations will work together to achieve high-tech industrial growth, create job opportunities, upskill the youth, and attract Foreign Direct Investments (FDI) through development of a knowledge ecosystem driven by research, innovation and collaboration. Mr. Amer Hashmi, Chairman STZA, stated that the Technology Park in the Islamabad STZ will encourage innovative solutions and provide futuristic entrepreneurship opportunities for the youth of Pakistan. The STZA team also addressed how the Special Technology Zones (STZs) have the potential to change the economic outlook of Pakistan by enhancing IT exports and encouraging technology and knowledge transfer from global technology hubs. The signing of the MoU between the organisations means that the groundwork is in place for STZA’s flagship project, the Islamabad STZ, to break ground soon. The 3 Pol (People, Purpose, Passion) Technology Park by Rapidev, will spread over an area of 650,000 sq. ft. which will offer a complete ecosystem including all the necessary facilities to foster innovation. The facilities offered to resident companies will include technology towers, cutting edge R&D labs, production and manufacturing plants, certified testing centres, wellness facilities and a Centre of Excellence. . With an investment US$ 100 million, the project is expected to create more than 5000 highly skilled jobs and generate over US$ 200 million of revenue in the coming few years. By the addition of a Research and Training academy at the Park, Mr. Wajid Gulistan, Chief Executive Officer of Rapidev, also envisions to equip the youth of Pakistan with high-tech knowledge and skills. While addressing the gathering, Mr. Gulistan stated that the Park will be a one-of-its-kind in Pakistan – a hub of research, innovation, and technology. He mentioned that the aim will be to provide all resident companies, including start-ups, SMES and multi-nationals with access to all available facilities. He concluded by stating that “Our mission is to make Pakistan the fastest growing exporting country in the world and make ‘Made in Pakistan’ a symbol of quality”. The MoU with Rapidev DMCC on 3 Pol Technology Park is STZA’s second recent one after the former MoU was signed with iEngineering Corporation. It is envisioned that a cluster of Technology Parks will form within the Islamabad STZ as the Zone materializes over the years.