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Telecommunication

Acquisition of Telenor Pakistan: PTCL says IFC approves $400mn debt financing

The Board of Directors (BoD) of International Finance Corporation (IFC) – a member of the World Bank Group – has...

Updated 08 Apr, 2024 10:33pm

Business & Economy

Govt establishes specialised tribunal for Pakistan’s telecom sector

Believes establishment of the tribunal will help lower burden on high courts concerning adjudication of technical matters

Updated 04 Jan, 2024 09:44pm

Telecommunication

PTCL chief explains acquisition of Telenor Pakistan

Says market consolidation will create value as Pakistan's sector is just big enough for three major players

Updated 15 Dec, 2023 04:21pm

Telecommunication

PTCL to acquire 100% of Telenor Pakistan

Enters into share-purchase agreement with Telenor Pakistan shareholders for acquisition of 100% shares based on enterprise value of Rs108bn on cash-free, debt-free basis

Updated 14 Dec, 2023 06:42pm

Telecommunication

Social media sites, apps will never be shut down again: IT minister

Federal IT and Telecommunication Minister Aminul Haq said closing social media sites and applications is not a...

Updated 18 Feb, 2023 07:34pm

Telecommunication

Capital gain lifts Norwegian operator Telenor to record earnings

Increase was partly attributed to growth in mobile phone services in Pakistan, Norway and Thailand, which more than offset declining revenues related to the operation of its copper network, rising costs and a soaring electricity bill

Published 02 Feb, 2023 05:08pm

Telecommunication

Telecom Tower Infrastructure accepts acquisition offer from Pakistan's TPL RMC

Acquisition subject to signing of definitive agreements, all necessary corporate approvals, and receipt of relevant regulatory approvals

Updated 20 Dec, 2022 05:10pm

Telecommunication

Veon close to sale of Pakistan tower assets to TPL-TASC Group: report

Acquisition of towers could become Pakistan’s largest deal in more than a decade

Published 16 Dec, 2022 02:53pm

Telecommunication

Internet services now operating normally in Pakistan: PTA

The Pakistan Telecommunication Authority (PTA) on Wednesday said that a fault in a submarine cable, which caused...

Published 30 Nov, 2022 11:25am

Telecommunication

Suspension of DCB payments to Google Play: users, telecom companies at receiving end

Facing a growing liquidity shortage as foreign exchange reserves continue to fall, Pakistan’s central bank has...

Published 26 Nov, 2022 05:47pm

Telecommunication

TPL REIT and TASC Towers submit bid to acquire Telecom Tower Infrastructure Company

TPL REIT says proposed acquisition is being supported by one of the largest national financial institutions

Updated 15 Nov, 2022 07:03pm

Telecommunication

TPL REIT Management Company, TASC Towers partner in bid to acquire telecom tower infrastructure

Duo participates as consortium in auction process for acquisition through an infrastructure REIT

Published 21 Sep, 2022 11:41am

Telecommunication

Play Tests not T20s in business, IT sector stalwarts advise startups

KARACHI: IT sector stalwarts have advised startup founders to play the long game and avoid going for the quick buck,...

Published 24 Aug, 2022 09:17pm

Telecommunication

Number of 3G, 4G users up by 1.86m in one month: PTA

Stood at 115.75 million by end-June 2022

Updated 21 Jul, 2022 10:42am

Telecommunication

PTA to revise MTR downward next month

ISLAMABAD: Pakistan Telecommunication Authority (PTA) will revise Mobile Termination Rate (MTR) to Re 0.40 per ...

Updated 14 Jun, 2022 09:37am

Telecommunication

Cellphone manufacturers say layoffs in offing as industry running low on raw material

Association says letters of credit for mobile phone CKD kits not being opened for two weeks

Published 03 Jun, 2022 09:20pm

Telecommunication

TECNO holds valuable partner meeting 2022 in Lahore

LAHORE: Globally eminent smartphone brand, TECNO held a splendid Valuable Partners Meeting 2022 at Faletti's Hotel,...

Published 26 Mar, 2022 12:28pm

Telecommunication

The all-new TECNO Spark 8C launched in Pakistan

LAHORE: Leading Chinese smartphone brand, TECNO has officially unveiled the new Spark 8C phone in Pakistan. The...

Published 24 Mar, 2022 11:06am

IT and Computers

PM approves incentive package for IT sector, freelancers

Public-private partnership venture capital fund also given go-ahead

Published 22 Feb, 2022 08:41pm

Telecommunication

‘End-of-life’: Old BlackBerries no longer work

NEW YORK: Nostalgic for those mobile phones with a physical keyboard? Brace yourself, because as of Tuesday many...

Published 05 Jan, 2022 05:36am

Telecommunication

TECNO marks another success with the all-new Camon 18 Series

With the smartphone market growing, brands have been going head to head to make a name for themselves. The...

Published 21 Dec, 2021 04:36pm

Telecommunication

Mobile phone manufacturing: PTA grants licence to Air Link's Select Technologies

Wholly-owned subsidiary will manufacture Xiaomi's smartphones

Published 30 Nov, 2021 12:58pm

Telecommunication

Jul-Oct mobile phone imports grow 15.54pc to $644.673m YoY

ISLAMABAD: The production of mobile phones by local manufacturing plants has almost doubled against the import of...

Published 30 Nov, 2021 05:23am

Telecommunication

Provision of 5G can greatly benefit Pakistan's healthcare, education sectors: experts

Say low latency will improve access to far-flung, remote areas

Updated 21 Nov, 2021 02:04pm

Telecommunication

Telenor launches suite of business solutions

Telenor Pakistan has launched its state-of-the art suite of business solutions to ensure its customers stay...

Published 11 Nov, 2021 01:14pm

Telecommunication

Xiaomi partners with Air Link to manufacture smartphones in Pakistan

Development comes after Air Link last month announced that it will incorporate a wholly-owned subsidiary 'Select Technologies (Pvt) Limited'

Updated 01 Nov, 2021 08:01pm

Telecommunication

Bold steps needed to harness potential of digitalisation: Jazz's chief business officer

Connectivity has now become a fundamental human right, and all governmental initiatives in the ICT arena must take...

Published 20 Oct, 2021 07:43pm

Telecommunication

Pakistan officially added to Amazon’s sellers' list, says Dawood

Amazon has confirmed that it has added Pakistan to its sellers' list, according to a recent tweet by Adviser to the Prime Minister on Commerce and Investment Abdul Razak Dawood.

Published 21 May, 2021 12:05pm

Stocks

Brazil's financial social media platform TradersClub to file for IPO

The company is seeking a valuation of roughly 3 billion reais in the floatation, one of the sources added.
Brazil's lowest interest rates on record have prompted many investors who once stuck to fixed income to experiment with stocks and other riskier alternatives.

Published 20 May, 2021 07:39pm

Telecommunication

Spotify to launch auto-transcribe feature for podcasts soon

Spotify has announced today that it will be introducing a beta version of a podcast auto-transcription feature for its podcasts over the coming weeks

Published 18 May, 2021 08:04pm

Telecommunication

Telecom giant VEON acquires Pakistani operator Jazz for $273mn

The transaction gives VEON full ownership of Jazz.

Published 23 Mar, 2021 01:40pm

Telecommunication

Twitter starts testing its 'undo tweet' feature

Twitter has confirmed that it will be adding an 'undo tweet' feature to its platform.
Users might have to pay for this new feature.

Published 20 Mar, 2021 05:05pm

Telecommunication

Netflix's new test will crack down on password sharers

Netflix has introduced a new test to crack down on password sharing practices.
The company will ask users to verify if they are account owners by sending them an email or text code; those who fail to verify could not stream Netflix content anymore.

Published 12 Mar, 2021 07:52am

Telecommunication

IT & ITeS export remittances rise to $1.119bn: PSEB

IT-related export remittances have risen up to $1.119 billion during the July to January period of financial year 2020-21, according to the Pakistan Software Export Board (PSEB).

Published 24 Feb, 2021 03:25pm

Telecommunication

Twitter to label personal accounts of Heads of State

Twitter will be adding labels to the personal accounts of heads of state starting next week as part of its policy for government-affiliated accounts.

Published 15 Feb, 2021 05:41pm

Telecommunication

Microsoft tried to buy Pinterest

Microsoft approached Pinterest in recent months in an attempt to acquire the $51 billion social media company.
Although, the talks are currently not active, if successful, this could have been Microsoft's biggest deal to date.

Published 11 Feb, 2021 05:15pm

Telecommunication

Fazal Software Technology Park inaugurated in Islamabad: PSEB

Fazal Software Technology Park was inaugurated by Secretary IT Shoaib Ahmed Siddiqui on Thursday, as reported by the Pakistan Software Export Board (PSEB).
This is the second Software Technology Park inaugurated in Pakistan within a span of less than 3 months.

Published 08 Feb, 2021 04:05pm

Telecommunication

ICT Exports rise by 40 pc: MoITT

Information and Communication Technology exports in Pakistan rose by 40 percent to US$ 958 million during July-December of FY 2020-21.

Published 27 Jan, 2021 06:17pm

Telecommunication

India's TCS becomes Most Valued IT Company in the World

India's Tata Consultancy Services (TCS) overtakes Accenture to become the most valued IT services company in the world today.
TCS's market capitalization rose to US$ 169.9 billion ahead of its rival Accenture.

Published 25 Jan, 2021 07:51pm

Telecommunication

Soybeans ease for second session on Argentine labour talks

Wheat fell for a third consecutive session, while corn dropped for the first time in 12 sessions.

Published 29 Dec, 2020 09:50am

Telecommunication

Palm oil edges lower on weaker rivals, higher export taxes

On the Dalian Commodity Exchange, soyoil fell 0.6% and palm oil declined 0.8%.

Published 23 Dec, 2020 09:34am

Telecommunication

Illegal sale of SIMs: PTA slaps Rs 100 million fine on leading cellular firm

The Pakistan Telecommunication Authority (PTA) has imposed a huge fine of Rs100 million on a leading cellular company for contraventions and non-compliance of regulatory laws including sale of grey SIMs, unauthorized sale of SIMs through kiosks activities

Published 31 May, 2020 12:04am

Telecommunication

Ethiopia unlocks one of the world's last closed telecoms markets

For delivery man Sisay Alebachew, the difference between a good and bad day depends on Ethio Telecom, Ethiopia's monopoly telecoms provider.

Published 29 May, 2020 12:05am

Telecommunication

Zong releases campaign titled #humhainone

Zong 4G marks this Eid as a tribute to the resilience of the Pakistani nation as it releases its much-awaited campaign titled #humhainone. As the world continues battling with the pandemic, Zong 4G has come forward with a message of hope, optimism and uni

Published 27 May, 2020 12:06am

Telecommunication

UK set to scale back Huawei role in 5G network

Britain will reduce Chinese tech giant Huawei's controversial involvement in its 5G network in the wake of the coronavirus outbreak, the Daily Telegraph reported Saturday.

Published 24 May, 2020 12:01am

Telecommunication

Huawei says 'survival' at stake after US chip restrictions

Huawei on Monday assailed the latest US move to cut it off from semiconductor suppliers as a "pernicious" attack that will put the Chinese technology giant in "survival" mode and sow chaos in the global technology sector.

Published 19 May, 2020 12:02am

Telecommunication

Huawei to fund new tech hub at Imperial College London

Chinese telecoms giant Huawei is to fund a new £5 million ($6.1 million, 5.6-million-euro) technology hub at Imperial College London, British media reported. The institution did not confirm or deny the reports when contacted by AFP, and said an announceme

Published 19 May, 2020 12:02am

Telecommunication

China warns of 'necessary measures' to defend Huawei

China on Sunday warned it would take "necessary measures" to protect Huawei and other firms after the United States announced new restrictions on the tech giant's purchases of semiconductor technology.

Published 18 May, 2020 12:06am

Telecommunication

PTA extends deadline on blocking mobile device IMEIs till June 3

The Pakistan Telecommunication Authority (PTA) has further extended the deadline for blocking of mobile device IMEIs till 3rd June, 2020, for all GSMA valid IMEIs seen on mobile networks but currently not registered with the PTA.

Published 16 May, 2020 12:07am

Telecommunication

ECC takes up cell phone manufacturing policy today

The country's first mobile device manufacturing policy is all set to be considered by the Economic Coordination Committee (ECC) of the Cabinet Wednesday (May 13).

Published 13 May, 2020 12:07am

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Oct 17	277.85
USD PKR Interbank Buying / Oct 17	277.65
USD to Japanese Yen / Oct 17	149.91
USD to Swiss Franc / Oct 17	0.87
Pound Sterling to USD / Oct 17	1.30
Euro to USD / Oct 17	1.08

Stock	Volume
S&P 500 / Oct 17	5,841.47
India Sensex / Oct 17	81,006.61
Tokyo Nikkei / Oct 17	39,049.37
Nasdaq / Oct 17	18,373.61
Hang Seng / Oct 17	20,275.40
FTSE 100 / Oct 17	8,385.13
Dow Jones / Oct 17	43,239.05
Germany DAX 30 / Oct 17	19,583.39

Item	Value
Crude Oil USD/Barrel / Oct 17	70.80
Karachi Cotton PKR/37.32 KG / Oct 17	18,085
Gold 10 Grams PKR / Oct 17	238,254
Gold Spot USD/Ounce / Oct 17	2,709.16
Cotton US¢/pound / Oct 17	71.02
Petrol/Litre / Oct 18	247.03

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Oct 18 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Oct 18 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / Oct 18 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Oct 18 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Oct 18 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Oct 18 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / Oct 18 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / Oct 18 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Oct 18 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Oct 18 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Oct 18 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / Oct 18 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Oct 18 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Oct 18 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / Oct 18 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / Oct 18 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / Oct 18 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Oct 18 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / Oct 18 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / Oct 18 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / Oct 18 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / Oct 18 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / Oct 18 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / Oct 18 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / Oct 18 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / Oct 18 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / Oct 18 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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