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  • Xiaomi further improves rank to 266 in Fortune Global 500 list

    Xiaomi further improves rank to 266 in Fortune Global 500 list

    Beijing, CHINA: Xiaomi Group has been ranked No. 266 on the 2022 Fortune Global 500 list announced on Wednesday.

    The company, which is the world’s third largest smartphone manufacturer, moved up the list for the fourth year in a row.

    READ MORE: Jazz announces free calls to calamity hit Balochistan

    Xiaomi first appeared on the Fortune Global 500 list as No. 468 in 2019, just nine years after its founding. The fast-growing company has improved its ranking every year since – to 422 in 2020 and to 338 last year.

    According to Fortune Magazine, Xiaomi, which first entered the Fortune Global 500 List in 2019, has advanced more than 200 positions in four years, making it the fastest rising Chinese technology company.

    Xiaomi’s revenue and adjusted net profit hit new highs in 2021. Total revenue of Xiaomi Group in 2021 reached RMB 328.3 billion, a year-on-year increase of 33.5 per cent. Its adjusted net profit reached RMB 22 billion last year, a year-on-year increase of 69.5 per cent.

    READ MORE: Careem customers donate Rs10.3 million

    Xiaomi Group’s overseas-market revenue in 2021 increased by 33.7 per cent year-on-year, accounting for 49.8 per cent of its total revenue. In the first quarter of 2022, this proportion increased to 51.1 per cent.

    Thanks to its “Smartphone × AIoT” strategy, Xiaomi’s global smartphone shipments hit a record high in 2021. Its AIoT products also expanded rapidly, building a rich product ecosystem around smartphones.

    According to Canalys, Xiaomi ranked third in the global smartphone industry with a market share of 14.1 per cent in 2021. Its smartphone sales ranked first in 14 markets and was in the top five in 62 markets.

    READ MORE: Forbes China includes Xiaomi in best employers list

    As of December 31, 2021, more than 434 million smart devices were connected to its platform (excluding smartphones, tablets and laptops), a year-on-year increase of 33.6 per cent. The number of its global MIUI monthly active users reached 509 million, a year-on-year increase of 28.4 per cent.

    In 2021, the share of Xiaomi’s high-end smartphone shipments increased to about 13 per cent of its total smartphone shipments, nearly doubling from the previous year.

    Meanwhile, Xiaomi has continued to increase its investment in research. In 2021, Xiaomi’s R&D expenditure was RMB 13.2 billion, a year-on-year increase of 42.3 per cent. In the next five years, Xiaomi’s investment in research is expected to exceed RMB 100 billion. As of March 31, 2022, Xiaomi has been granted more than 26,000 patents; its global patent applications exceeded 53,000.

    READ MORE: Xiaomi joins hands with SELECT for phone production

    Going forward, Xiaomi is committed to building amazing products with honest prices so that everyone can enjoy a better life through innovative technology.

  • Jazz announces free calls to calamity hit Balochistan

    Jazz announces free calls to calamity hit Balochistan

    KARACHI: Jazz, the leading cellular service provider in Pakistan, on Monday announced free calls to facilitate the people of calamity hit Balochistan.

    In a statement, the operator said that in order to facilitate the people of Balochistan during this calamity, all Jazz to Jazz and PTCL calls are free.

    READ MORE: Floods affect telecom services: PTA

    Despite extremely challenging conditions, all efforts are being made to ensure the provision of essential telecom services in flood-affected areas.

    Earlier, Pakistan Telecommunication Authority (PTA) had said that the recent flash floods in Balochistan have caused multiple optic fiber breaks impacting voice and data services in Lasbela, Kech, Panjgoor, Gwadar, Awaran, Ziarat, Mastung and adjoining areas.

    READ MORE: Norwegian envoy calls on PTA Chairman

    About 343 cell sites of three cellular mobile operators (Telenor, Ufone and Zong) and PTCL had been affected due to floods.

    Efforts are being made to resolve this unprecedented situation. PTA is working with the concerned operators for early restorations of affected communication channels.

    READ MORE: FBR, PTA introduce temporary registration of cell phones

  • Supernet, Trend Micro awarded threat protection project

    Supernet, Trend Micro awarded threat protection project

    Karachi: The Supernet Limited on Monday announced that the company and its Japanese partner Trend Micro Inc. have been awarded a threat protection system project in Pakistan worth Rs450 million.

    (more…)
  • Careem customers donate Rs10.3 million

    Careem customers donate Rs10.3 million

    KARACHI: Careem, the Super App for the greater Middle East and Pakistan on Friday announced they received donations worth Rs10.3 million during last two years through its reward feature.

    These donations were made by customers using the Careem app to multiple reputable charities including, Indus Hospital, The Citizens Foundation (TCF), World Wide Fund for Nature-Pakistan (WWF-Pakistan), NOWPDP, SOS Children’s Village, CYTE Foundation, Saylani Welfare Trust and Shahid Afridi Foundation (SAF).

    READ MORE: SBP issues electronic money license to Careem Pay

    The donation amount was revealed at an event where notables from multiple charities and Careem were present.

    Feroz Jaleel, Country Head, Careem Pakistanexpressed his gratitude for this generous initiative and said “We believe technology has the potential to act as an enabler in society, allowing people to donate using our Super App.

    It makes me very happy that our customers have come forward and contributed to the betterment of society. It is our responsibility to look after the less fortunate and support those in need”.

    READ MORE: Careem signs agreement to provide logistic solution to Unilever

    Careem rewards are virtual redeemable points that customers receive upon using any of the available services in the mobile application across the region.

    In Pakistan, customers get these points from taking a ride to using the delivery service or mobile phone recharge. Customers can redeem these points to get buy-one-get-one meals, discounts on entertainment and shopping from a variety of options available in the rewards section.

    READ MORE: Careem Pakistan asked to facilitate expatriates availing services in country

    These points can also be used to donate to charitable organizations to help them support the less fortunate people in society and make the world a better place to live.

    Careem has more than 800,000 Captains registered on its platform so far. As the region’s multi-service application, Careem offers multiple opportunities as it expands its services from the mobility of people to mobility of things and money including daily essential deliveries, peer-to-peer credit transfer, and mobile top-ups.

  • Floods affect telecom services: PTA

    Floods affect telecom services: PTA

    ISLAMABAD: Pakistan Telecommunication Authority (PTA) has said that the recent flash floods in Balochistan have caused multiple optic fiber breaks impacting voice and data services in Lasbela, Kech, Panjgoor, Gwadar, Awaran, Ziarat, Mastung and adjoining areas.

    READ MORE: Norwegian envoy calls on PTA Chairman

    About 343 cell sites of three cellular mobile operators (Telenor, Ufone and Zong) and PTCL have been affected due to floods.

    READ MORE: FBR, PTA introduce temporary registration of cell phones

    Efforts are being made to resolve this unprecedented situation. PTA is working with the concerned operators for early restorations of affected communication channels.

    READ MORE: Huawei suggests characteristics for 5.5G

  • Norwegian envoy calls on PTA Chairman

    Norwegian envoy calls on PTA Chairman

    ISLAMABAD: Ambassador of Norway Per Albert Ilsaas on Monday called on Chairman Pakistan Telecommunication Authority (PTA), Maj General Amir Azeem Bajwa (R) at PTA Headquarters, Islamabad.

    READ MORE: FBR, PTA introduce temporary registration of cell phones

    During the meeting, matters of mutual interests including investment opportunities for Norwegian technology companies in Pakistan’s ICT sector were discussed.

    READ MORE: PM Imran directs implementing incentives for IT industry

    Chairman PTA also apprised the Ambassador about expansion and digital innovation taking place in Pakistan’s ICT sector. 

    READ MORE: Ufone 4G ranked top voice and data network

  • Huawei suggests characteristics for 5.5G

    Huawei suggests characteristics for 5.5G

    SHENZHEN, China: Yang Chaobin, President of Huawei’s Wireless Solution on Friday delivered a speech titled “Continuous Innovation Towards 5.5G for a New Journey of 5G Industry”.

    President of Huawei talked about the characteristics of 5.5G network. He said that the network would provide 10 Gbps experience, 100 billion connections, and native intelligence.

    READ MORE: Peshawar Customs announces auction of motor vehicles on July 26, 2022

    “Driven by new toC and toB services, we will enhance eMBB, URLLC, and mMTC, and provide new capabilities of sensing, passive IoT, positioning, and native intelligence. With them, we will build intelligent 5.5G that support 10 Gbps downlink, 1 Gbps uplink, and 100 billion connections, embarking on a new journey of 5G,” he added.

    As XR Pro and other toC services continue to gain popularity, networks must increase user-perceived rates tenfold for mobile connections. ToB services require high uplink speeds and sensing capabilities, medium-speed connections, and passive IoT. “This means that 5.5G networks must provide a downlink speed of 10 Gbps and an uplink speed of 1 Gbps, support 100 billion IoT connections, and become natively intelligent,” commented Yang.

    READ MORE: Suzuki starts producing outboard motors with plastic collecting device

    Ultra-large bandwidth has proven essential to mobile networks, requiring all sub-100 GHz resources to be fully utilized. As high bands are increasingly used, extremely large antenna array (ELAA) will be necessary to address the resulting coverage contraction.

    ELAA enables high-band networks to provide the same coverage as C-band so that operators can provide 10 Gbps to all users at all times no matter where they are. ELAA MetaAAUs have been put into commercial use in more than 30 cities.

    Field tests are completed on 6 GHz band, showing that co-coverage with C-band is possible in cases where outdoor deployments cover outdoor (O2O) and indoor (O2I) users. mmWave can ensure an overall peak rate of 10 Gbps, with a Gbps experience possible even at a distance of 5 km.

    READ MORE: Hyundai announces second quarter financial results

    ToB connections often feature far stronger uplink capabilities than downlink. With the uplink decoupled from the downlink, toB services flexibly use uplink and downlink spectrum on different bands, including existing FDD spectrum and newly defined uplink-only spectrum. Through uplink/downlink decoupling, spectrum convergence will be possible to ensure Gbps uplink. To date, uplink/downlink decoupling has already been commercially adopted in mining and steel sectors to ensure 1 Gbps uplink transfer required for 100-channel HD backhaul and panoramic remote control.

    RedCap is already available for commercial use. Compared with eMBB, RedCap features a low power consumption and high cost effectiveness, making it to be easily adopted on a massive scale.

    READ MORE: Honda unveils all-new Civic Type R

    Passive IoT combines cellular communications and passive tagging and features low terminal prices and long coverage distances, providing an ideal option for connecting tens of billions of passive IoT devices.

    Based on Huawei’s verification, passive IoT supports a coverage distance exceeding 200m. Additionally, sensing will be integrated onto mobile networks, facilitating the use of mmWave high bandwidth to improve sensing precision.

    As such, speed and distance measurements and imaging will be enhanced to further improve exception identification for smart transportation, geo-fencing for smart factories, and other industry applications, ultimately enabling digital replica.

    READ MORE: Pakistan reintroduces capital value tax on motor vehicles

    5G developments will increase service varieties and differentiation, with networks running with multiple bands and radio access technologies concurrently. This justifies the urgent necessity for introducing intelligence into mobile networks to maximize resource utilization and ensure service experiences.

    In addition, intelligence will best balance network performance and energy consumption, which will be important to fulfill increasing 5G traffic demand. The native intelligence will further enable networks to facilitate real-time sensing, modeling and prediction, and multidimensional decision-making.

    As such, networks will be intelligently optimized, with various resources to be configured on demand to deliver optimal user experience and capacity. O&M will be intelligently simplified, with site planning, deployment, and troubleshooting automated to maximize performance and energy saving.

    “To meet the diverse requirements across various industries of the next 10 years, 5G must enhance existing capabilities and support new capabilities of high-precision sensing, passive IoT, and native intelligence. We will continue to work with global partners to further innovate 5G and strive for the 5.5G era by protecting the investments of operators,” concluded Yang.

  • PTCL declares 39% growth in half year net profit

    PTCL declares 39% growth in half year net profit

    KARACHI: Pakistan Telecommunication Company Limited (PTCL) on Monday declared 39 per cent growth in its net profit for the half year ended June 30, 2022.

    According to half yearly financial results submitted to Pakistan Stock Exchange (PSX), the after tax profit of the country grew to Rs5.2 billion during the period January 01, 2022 to June 30, 2022 as compared with Rs3.74 billion in the same period of the last year.

    READ MORE: PTCL registers eight-year high revenue growth

    The announcement of financial results was made at the board of directors meeting held on July 18, 2022 at PTCL headquarters in Islamabad.

    The board has not approved cash dividend, bonus shares, right shares or another entitlement.

    The revenue of the company during the half year under review increased to around Rs40 billion as compared with Rs38.19 billion in the same half of the last year.

    The cost of service also increased to Rs31.52 billion as compared with Rs29.50 billion.

    READ MORE: PTCL Group wins GDEIB award in five categories

    Therefore, the gross profit of the company eased to Rs8.46 billion for the half year ended June 30, 2022 as compared with Rs8.69 billion in the same half last year.

    Administrative expenses of the company increased to Rs3.89 billion for the period as compared with Rs3.53 billion.

    Operating profit of PTCL fell to Rs1.89 billion during the half year under review as compared with Rs2.80 billion in the same half of the last year.

    However, under the head of other income, PTCL recorded massive growth to Rs6.03 billion during the period January 01, 2022 to June 30, 2022 when compared with Rs2.6 billion in the same period of the last year.

    READ MORE: PTCL registers 7.3% revenue growth for nine months

    This translated the profit before tax to Rs7.74 billion for the half year January – June 2022 as compared with Rs5.26 billion in the same period of the last year.

    The company made provision of Rs2.55 billion income tax for the half year as compared with Rs1.52 billion in the same half of the last year.

    The consolidated results of PTCL revealed a net loss of Rs3.05 billion for the half year ended June 30, 2022 as compared with the profit of Rs2.93 billion in the same period of the last year.

    READ MORE: PTCL, Dell to launch Azure Services in Pakistan

  • Forbes China includes Xiaomi in best employers list

    Forbes China includes Xiaomi in best employers list

    BEIJING: Xiaomi, a global technology leader and the third largest smartphone manufacturer has been named one of the top ten employers by Forbes China.

    READ MORE: Xiaomi joins hands with SELECT for phone production

    Xiaomi had 33,000 full-time employees worldwide at the end of last year. Other companies on the list include Schneider Electric, Hitachi Energy, Bank of China, etc.

    Forbes China made its selection after surveying 70,000 people over three months. The survey, which involved multiple topics, was conducted by Forbes China and Russell Consulting Company.

    READ MORE: Xiaomi plans assembly plant in Pakistan

    Xiaomi was listed as one of the “World’s Best Employers 2021” by Forbes. It was also ranked No. 4 on the list of “China’s Most Attractive Employers” for engineering students by Universum.

    Xiaomi prides itself on maintaining best practices for recruitment, employment, and employee benefits. According to the Company’s Environmental, Social, and Governance (ESG) Report last year, Xiaomi was free of unfair labor practices or gender discrimination.

    READ MORE: Clearance of mobile phones: Customs valuation of 234 brands, models issued

    “Xiaomi is pleased and honored to be recognized for our employment practices,” said Wang Xiang, Partner and President of Xiaomi Group. “We recruit talent from around the world and give our employees the best opportunity we can to unleash their creativity to make products that improve the world. Xiaomi is committed to operating at the highest standards and protecting the rights of our employees.”

  • Twitter moves court against Musk for breaching $44bn deal

    Twitter moves court against Musk for breaching $44bn deal

    Twitter Inc. on Tuesday reportedly filed a case against Elon Musk, the CEO Tesla Inc. for cancelling $44 billion purchase deal.

    The Twitter filed case against Elon Musk in the Delaware Court of Chancery to hold Musk to pay the amount of $44 billion for the deal of Twitter.

    READ MORE: Ufone increases rates amid rising inflation

    The CEO of Tesla, Inc., Elon Musk decides to terminate the $44 billion deal to buy Twitter claiming about the multiple violations in the agreement.

    Elon Musk claimed that the deal of purchasing Twitter was canceled because the Twitter breached the deal by failing to hand over data. He demanded that the number of bots and spam accounts on the platform should be evaluated.

    READ MORE: Jazz invests Rs14.9 billion during first quarter

    The legal experts said that the dispute could result in the involvement of judge forcing Musk to complete the deal or forcing him to pay a $1 billion breakup fee, or other scenarios including a settlement, renegotiation of the purchase price, or even Musk walking away without paying anything.

    In May, Musk said that the deal was “temporarily on hold” as he was waiting for the dates on the number of fake and spam accounts on Twitter.

    READ MORE: FBR proposed to exempt withholding tax on telecom services

    The billionaire businessman had asked for evidence to back the company’s assertion that spam and bot accounts make up less than 5% of its total users.

    In a letter filed with the US Securities and Exchange Commission, Musk’s lawyer said that the Twitter had failed or refused to provide this information.

    According to the letter: “Sometimes Twitter has ignored Mr. Musk’s requests, sometimes it has rejected them for reasons that appear to be unjustified, and sometimes it has claimed to comply while giving Mr. Musk incomplete or unusable information.”