ISLAMABAD: Pakistani Telecom Company, Ufone has been awarded Next Generation Mobile Services (NGMS) spectrum by Pakistan Telecommunication Authority (PTA) as a result of recently held spectrum auction. The company won the spectrum in a bid to enhance 4G customer experience across the country. Federal Minister for IT & Telecom, Syed Aminul Haq along with Secretary […]
KARACHI: Engro Enfrashare, a wholly-owned subsidiary of Engro Corporation, has entered into an Islamic syndicate arrangement amounting to Rs4.5 billion, led by Meezan Bank and Faysal Bank, according to a statement issued on Tuesday. The proceeds raised through this Islamic syndication would be utilized to finance the development of tower sites for various mobile network […]
KARACHI: Ericsson has strengthened its network services portfolio with the Intelligent Deployment solution – an agile, digital, and modular suite of tools and services that enable communications service providers to roll out, expand, and upgrade networks based on their specific needs and those of their customers, a statement said on Wednesday. With technology advancing rapidly, […]
KARACHI: Mobilink Microfinance Bank Limited (MMBL) has signed a Memorandum of Understanding (MoU) with Universal Motors (Private) Limited for financing motor vehicles. The collaboration will facilitate MMBL Borrowers by allowing them to finance commercial vehicles from Universal Motors through subsidized offerings, according to a statement issued on Monday. President & CEO MMBL, Ghazanfar Azzam, and […]
Central Depository CompanyKARACHI: InfraZamin Pakistan Limited (InfraZamin) and ITMinds Limited (ITMinds), a wholly-owned subsidiary of Central Depository Company of Pakistan Limited (CDCPL), have signed an agreement enabling ITMinds to provide Back Office Accounting Services to InfraZamin. The agreement was signed by Ms. Maheen Rahman CEO-InfraZamin, and Iqleem-uz-Zaman Khan CEO-ITMinds in the presence of Badiuddin Akber Director-ITMinds and […]
Federal Board of Revenue (FBR) has updated rates of withholding tax on usage of telephone and internet to be applicable for the year 2021-2022. The revenue body issued the withholding tax rates after incorporating amendments brought into the Income Tax Ordinance, 2001 through Finance Act, 2021. The FBR collects withholding tax on usage of phone […]
ISLAMABAD: The number of locally manufactured mobile phones in Pakistan has surpassed 12 million during seven months (January – July) of 2021. The local manufacturing of mobile phones has crossed the number of imported mobile phones in the same months of 2021. A statement issued by the Pakistan Telecommunication Authority (PTA) on Thursday regarding local […]
KARACHI: Engro Corporation has announced to enhance its total equity investment in the telecom infrastructure vertical to Rs21.5 billion. Engro has also formed a dedicated platform for connectivity and telecom infrastructure related initiatives by the name of Engro Connect (Pvt.) Limited (EConnect). EConnect is a wholly owned subsidiary of Engro and will hold complete ownership […]
ISLAMABAD: the Institute of Policy Studies (IPS), Islamabad and Inovatian-Asia (Private) Limited have signed an agreement to carry out joint capacity building programs. Inovatian-Asia (Private) Limited, a sister concern of international technology firm Inovatian Inc. with offices in Canada, UK, USA and Egypt, which was founded by renowned scientist and innovator Dr Hatim Zaghoul. Zaghloul […]
ISLAMABAD: A consignment of around 5,500 mobile phones carrying tag ‘manufactured in Pakistan’ has been exported the United Arab Emirates (UAE), a statement said. The statement issued by the Pakistan Telecommunication Authority (PTA) said that its authorization holder Inovi Telecom has started exporting smart phones to other countries. The first consignment of 5500 units of […]