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LHC declares DTH license bidding null and void

02:40 PM | 28 Dec, 2016
LHC declares DTH license bidding null and void
LAHORE - A  full bench of the Lahore High Court has declared the bidding of DTH licensing by PEMRA, null and void.

The verdict was announced by Justice Ayesha A Malik who was heading the bench. It stated that the authority should once again initiate the process of bidding as the previous bidding was declared illegal.

Pakistan Electronic Media Regulatory Authority (PEMRA) on November 24 had auctioned the first-ever three DTH licences of the country for as much as Rs. 14.694 billion rupees.

The highest bid was raised by Mag Entertainment for Rs 4.91 billion, followed by M/s. Shahzad Sky for Rs 4.90 billion and M/s. Star time for Rs 4.89 billion respectively.

https://twitter.com/reportpemra/status/801589491198738432?ref_src=twsrc%5Etfw

Out of twelve short listed companies, eleven participated in the bidding process while Mastro Commissions failed to appear for the bidding.

The bidding followed the verdict by the Supreme Court of Pakistan that allowed the already delayed process to proceed. However, the latest decision by Lahore High Court will once again leave the future of DTH broadcast  in limbo.

The writer is a civil servant.

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Currency Rates in Pakistan Today - Pakistani rupee to US Dollar, Euro, Pound, Dirham, and Riyal - 19 April 2024

Pakistani currency saw minor adjustment against global currencies on April 19, 2024. US dollar was being quoted at 277.4 for buying and 280.4 for selling.

Euro comes down to 293 for buying and 296 for selling while British Pound stands at 342.25 for buying, and 345.65 for selling.

UAE Dirham AED was at 75.2 and Saudi Riyal's new rates was at 73.30.

Today’s currency exchange rates in Pakistan - 19 April 2024

Currency Symbol Buying Selling
US Dollar ‎USD 277.4 280.4
Euro EUR 293 296
UK Pound Sterling GBP 342.25 345.65
U.A.E Dirham AED 75.2 75.9
Saudi Riyal SAR 73.3 74.05
Australian Dollar AUD 181 182.8
Bahrain Dinar BHD 740.09 748.09
Canadian Dollar CAD 201 203
China Yuan CNY 38.44 38.84
Danish Krone DKK 39.69 40.09
Hong Kong Dollar HKD 35.53 35.88
Indian Rupee INR 3.33 3.44
Japanese Yen JPY 1.86 1.94
Kuwaiti Dinar KWD 902.64 911.64
Malaysian Ringgit MYR 58.08 58.68
New Zealand Dollar NZD 164.22 166.22
Norwegians Krone NOK 25.31 25.61
Omani Riyal OMR 722.87 730.87
Qatari Riyal ‎QAR 76.45 77.15
Singapore Dollar SGD 204.5 206.5
Swedish Korona SEK 25.31 25.61
Swiss Franc CHF 305.08 307.58
Thai Bhat THB 7.56 7.71

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