Saudi company acquires NPCC




STAFF REPORT ISB: The Saudi firm has taken over National Power Construction Corporation (NPCC) following bidding of disinvestment of 88 percent government shares in the company.
The bidding process was supervised by Chairman Privatization Commission, Muhammad Zubair Umar. Sixteen parties had expressed interest in bidding process and seven were eventually scrutinized on the recommendations of the financial advisers as the pre-qualified parties in May last year. Saudi based company M/s

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Saudi company acquires NPCC


STAFF REPORT ISB: The Saudi firm has taken over National Power Construction Corporation (NPCC) following bidding of disinvestment of 88 percent government shares in the company.

The bidding process was supervised by Chairman Privatization Commission, Muhammad Zubair Umar. Sixteen parties had expressed interest in bidding process and seven were eventually scrutinized on the recommendations of the financial advisers as the pre-qualified parties in May last year. Saudi based company M/s

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Saudi, Pak IT firms sign B2B agreements




MONITORING REPORT ISB: Over five IT, telecom and technology firms from Pakistan have recently have reached agreements with several Saudi companies to cooperate in related fields in the Kingdom.
These companies had participated in the TECH Seminar organized by Pakistan Embassy’s Commercial Section in Riyadh.
Global Control, MAS Holdings, Communication Concepts and Corporate Solutions are negotiating details of their engagements with Pakistan’s 360 Technologies, 360 Logics,

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NESPAK gets contract for Saudi dams


STAFF REPORT LHR: Saudi Arabia’s Ministry of Water and Electricity has awarded a new contract for the supervision of 15 small dams’ project in Jezan, Najran and Aseer regions to Pakistan’s state-owned National Engineering Services Pakistan (NESPAK).
According to details, the main purpose of these dams is to utilize water for drinking and irrigation purposes.
The total construction cost of the dams under the supervision of Pakistani company is 482.4 million Saudi riyals.
The

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Saudi business groups keen in coal, solar power projects




STAFF REPORT LHR: Saudi business groups are taking more interest in investment in various sectors of in Punjab particularly energy.
Most recently, President and CEO of a Saudi group associated with energy sector, Anwar Aleitani, called on Punjab Chief Minister Shahbaz Sharif here and discussed matters regarding investment in energy and other sectors.
The Saudi investment group expressed interest in investment in coal and solar based power generation projects in Punjab. During the

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IIUI signs two MoUs with Saudi university to boost coop


STAFF REPORT ISB: The International Islamic University (IIU), Islamabad, signed two separate MoUs with the Al-Imam Muhammad Ibn Saud Islamic University, Riyadh, in the field of Information Technology and Languages respectively.According to a statement issued here by the unتiversity, the first MoU was signed by IUI President Professor Ahmed Yousif Al-Draiweesh and Dr. Waleed Al-Jandal, Dean of the Information Technology.The MoU will pave the way to get progress and achieve excellence with

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AIOU, Saudi varsity sign deal to promote Arabic


STAFF REPORT IBD: Allama Iqbal Open University (AIOU) has reached an agreement with Imam Muhammad Bin Saud Islamic University, Riyadh, for establishment of E-labs for promoting Arabic language in Pakistan.

Rector, Imam Muhammad Bin Saud Islamic University, Riyadh, Prof. Dr. Suliman A. Aba Al-Khail and VC AIOU Prof. Dr. Nazir Ahmed Sangi signed the agreement.

Under the agreement, the two-sides will cooperate in the field of Scientific research including cooperation in holding combined

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Saudi agri-tech delegation visits UVAS


STAFF REPORT IBD: A delegation of technical experts of the Ministry of Agriculture of the Kingdom of Saudi Arabia, during its recent visit to Pakistan, visited the University of Veterinary and Animal Sciences Lahore.

During their visit, the delegation members called on Vice-Chancellor Prof. Dr Talat Naseer Pasha. The delegation was led by Dr Osama.

During the meeting, the VV briefed the delegation on academic, research and extension programmes of the university. He said that

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Remittance Services From Saudi Arabia to EasyPaisa and Banks Introduced

Xpress Money has launched two services for its Pakistani customers in Saudi Arabia:Xpress Money has tied up with Telenor Pakistan for the "Direct to Mobile Account" service, while its "Direct to Bank Account" service will be available through 17 leading banks in Pakistan.All Telenor mobile account number holders can avail the "Direct to Mobile Account" service. New customers who wish to remit money using their mobiles can sign up with Telenor to obtain their

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