PTCL Group, the leading telecom and ICT services provider in Pakistan, announced its financial results for the first quarter of 2023. Despite the challenging macroeconomic conditions, PTCL Group achieved a 23.2% growth in its revenue compared to the same period of last year, with strong performance in fixed broadband, mobile data, business solutions, and banking…
On Monday, e& announced that it has signed a legally binding agreement to purchase the majority of Careem’s Super App spinoff from Uber Technologies, Inc. (“Uber”) and its subsidiary, Careem. Uber will continue to be the sole owner of Careem’s ride-hailing operation, which will continue to offer all other Careem services to clients on the…
There comes a time when your internet becomes so slow, it becomes more of a hassle than ease. It halts nearly everything that you wish to do, from staying in contact with friends and family to streaming all your favorite movies and shows. Even though there are Internet Service Providers (ISPs) such as Spectrum that…
PTCL and Etisalat are said to buy Telenor in Pakistan which owners want to wind up their businesses. Etisalat, based in the United Arab Emirates, has already purchased stakes in Pakistan’s PTCL. Now, it plans to buy stakes in Telenor to expand its footprint. The government has said that it would not compromise on the…
State Bank of Pakistan has directed authorized dealers to swiftly facilitate IT and ITeS exporters. In this regard, Ministry of Information Technology and Telecommunication, Pakistan Software Export Board (PSEB), and Pakistan Software Houses Association (P@SHA) have been working with the State Bank of Pakistan (SBP) to ease the foreign currency retention and utilization issues faced…
The Ministry of IT & Telecom (MOITT) has finalized the draft of the “Infrastructure Sharing Framework,” which allows mobile and internet service providers to outsource and rent any of their infrastructure to focus more on their core businesses. The ministry took almost two years to complete the draft. The consultation process was initiated by the…
The State Bank of Pakistan (SBP) has been blamed by the Ministry of IT and Telecom for the poor quality of the network in the country. This is because the SBP banned opening Letters of Credit (LCs) to import machinery and cable. The main reason for the non-standard internet in the country is the non-opening…
By Kalbe AliISLAMABAD: Zong 4G, the fourth telecom provider in the nation, debuted its digital payments platform “PayMax” on Friday. It has plans to soon offer nano loans as well as mobile device financing. PayMax has been launched by Electronic Commerce Company Limited (ECCL), a 100 percent owned subsidiary of China Mobile Pakistan (CMPAK) the…
Prime Minister Shahbaz Sharif on Friday expressed disappointment and serious concerns over low IT exports growth and directed to take measures on priority basis to tap full potential. Prime Minister Muhammad Shahbaz Sharif held a meeting regarding the promotion of exports in the field of information technology, especially IT. It was informed during the meeting…
By Newztodays Team WhatsApp has been the fastest-growing mode of chat between family members, friends, and even business communities. Jazz offers you the best Jazz WhatsApp Packages to make your communication easy and comfortable. Jazz is one of the telecom companies that offer packages and bundles of services for Whatsapp users. Warid + Mobilink/Jazz offers…