Xiaomi has planned assembly plant in Pakistan within the next three to four months. This strategic move not only signifies a significant milestone for the tech giant but also carries promising prospects for the Pakistani market.
(more…)Category: IT & Telecom
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TikTok blocked in Pakistan due to immoral content
Islamabad – In a decisive move on Wednesday, the Pakistan Telecommunication Authority (PTA) blocked access to the popular social media application TikTok, citing the platform’s consistent failure to prevent the dissemination of immoral content.
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Samsung mobile phones production to start with investment of $15 million in Pakistan
KARACHI: Lucky Motor Corporation Limited will start production of Samsung mobile phones with initial investment of $15 million in Pakistan.
Abdul Razak Dawood, Advisor to Prime Minister for commerce and Investment disclosed this on Saturday.
“I congratulate Lucky Group on partnering with Samsung Electronics. … to set up a mobile phone assembly plant with an initial investment of $15 million. It will create jobs.”
He said that this is the result of our mobile manufacturing policy. And a clear vindication of our ‘Make in Pakistan’ initiative.
The company issued a statement and announced production of Samsung mobile phones.
The company is manufacturing and assembly of motor vehicles. It is assembling KIA and Peugeot branded motor vehicles.
The company recently entered into an agreement with Samsung Gulf Electronics Co. FZE (Samsung) for producing Samsung branded Mobile Devices in Pakistan.
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Lucky Motors signs deal to produce Samsung Mobiles in Pakistan
Lucky Motor Corporation Limited (LMC), a subsidiary of Lucky Cement Limited, has announced a strategic move into the electronics market by entering into an agreement with Samsung Gulf Electronics Co. FZE (Samsung) to produce Samsung-branded mobile devices in Pakistan.
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Ericsson organizes virtual event for Jazz Pakistan
Ericsson has organized a dedicated Ericsson Digital Unboxed 2021 Event virtually for Jazz Pakistan. Crafted for Jazz Pakistan, Ericsson’s global and regional experts and thought leaders showcased the latest insights, use cases and technologies tailored to Jazz Pakistan, a statement said on Thursday.
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PTCL declares 38% growth in net profit for first half
KARACHI: Pakistan Telecommunication Company Limited (PTCL) on Wednesday announced 38 per cent growth in net profit for the half ended June 30, 2021.
The telecom company announced Rs3.74 billion as net profit for the period January – June 2021 as compared with Rs2.7 billion in the corresponding half of the last year.
The company announced 73 paisas as earnings per share for the first half of the year under review as compared with 53 paisas EPS declared in the same half of the last year.
Revenue of the company increased to Rs38.187 billion for the first half of 2021 as compared with Rs35.33 billion in the same half of the last year.
The PTCL declared Rs8.69 billion as gross profit for the six months period of the current year as compared with Rs7.32 billion in the same period of the last year.
Administrative and general expenses of the company increased to Rs3.52 billion as compared with Rs3.16 billion.
The results have been announced by the Board of Directors of the company in their meeting held on July 14, 2021.
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Turkish App BiP enhances group calls to 15 participants
KARACHI: The maximum number of participants in HD-quality voice and group video calls via BiP has increased to 15, according to a statement issued on Tuesday.
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Google Cloud, Ericsson to jointly develop 5G, edge cloud solutions
KARACHI: Google Cloud and Ericsson (NASDAQ: ERIC) on Monday announced a partnership to jointly develop 5G and edge cloud solutions to help communications service providers (CSPs) digitally transform and to unlock new enterprise and consumer use cases.
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Jazz awarded contract worth Rs154 million
ISLAMABAD: The Universal Service Fund (USF) has awarded contract worth around Rs154 Million to Jazz for providing High Speed Mobile Broadband services in Multan and Khanewal Districts of Southern Punjab.
Federal Minister for Information Technology and Telecommunication, Syed Amin Ul Haque and Foreign Minister, Shah Mahmood Qureshi witnessed the contract signing ceremony here on Thursday.
The contract was signed by Haaris Mahmood Chaudhary, CEO, USF with Aamir Ibrahim, CEO, Jazz.
The Federal Secretary for IT & Telecommunication and Chairman USF Board, Dr. Muhammad Sohail Rajput and Parliamentary Secretary, Zain Qureshi, Member Telecom Muhammad Umar Malik, Member IC Ajmal Awan and other senior officers of MoITT were also present at the ceremony.
While addressing the ceremony, Federal Minister for IT and Telecommunication, Syed Amin Ul Haque said that, MoITT through USF has contracted projects worth approximately Rs6.5 billion to provide high speed internet to 3.8 million people in Southern Punjab.
These include six high speed mobile broadband projects and three optic fiber cable projects. According to Syed Amin Ul Haque, under these projects, we are spending a total of Rs708 million for provision of high speed broadband services in three districts of Bahawalpur, Bahawalpur, Rahim Yar Khan and Bahawalnagar. About 2.6 million people living in 846 villages will benefit from this. Similarly, in Dera Ghazi Khan Division, four districts DG Khan, Layyah, Muzaffargarh and Rajanpur, Rs141 million is being spent. While Rs4.47 billion is being spent on three projects related to the laying of optical fiber cable.
With the completion of these projects, an area of about 2, 000 sq. km will be connected with OFC. More than 25 per cent work has been done on broadband services projects.
Completion of these projects will provide the fastest broadband services to 393 villages with a population of over 0.85 million.
While addressing the ceremony, Foreign Minister, Shah Mahmood Qureshi said that he was pleasantly surprised to hear the performance of the MoITT which is working day and night for the fulfillment of the Prime Minister’s Digital Pakistan vision. He thanked the Federal Minister, Syed Amin Ul Haque for initiating the development projects in Southern Punjab and said that the Ministry of Foreign Affairs would provide all possible assistance and support for the promotion of IT industry and showcasing of Pakistani IT products around the world because Ministry of IT is at the forefront of those sectors through which numerous job opportunities and the country’s economy can be strengthened.
Sharing his views on the development, CEO-Jazz, Aamir Ibrahim said, “Jazz has invested US$ 462 million during the last two years mainly to expand its 4G footprint in rural and semi-urban areas. This is in line with our mission to bridge the digital divide and to collaborate with the Government of Pakistan in helping realize the Digital Pakistan vision.
Today’s contract signing is a testament of our commitment to create ICT-led socioeconomic opportunities for the masses.” Earlier on his welcome address, CEO-USF, Haaris Mahmood Chaudhary said: “The USF is committed in its resolve to empower the marginalized communities of Pakistan. This project will benefit an unserved population of 0.48 million in 170 unserved mauzas, thereby covering an unserved area of 1,323 sq. km. of Multan and Khanewal districts. The project will be completed in 12 months.”
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Ericsson, Samsung agree on multi-year global patent licenses
KARACHI: Ericsson (NASDAQ: ERIC) and Samsung have reached a multi-year agreement on global patent licenses between the two companies, including patents relating to all cellular technologies. The cross-license agreement covers sales of network infrastructure and handsets from January 1, 2021.
Furthermore, Ericsson and Samsung have agreed on technology cooperation projects to advance the mobile industry in open standardization and create valuable solutions for consumers and enterprises.
This settlement ends complaints filed by both companies before the United States International Trade Commission (USITC) as well as the ongoing lawsuits in several countries and confirms the value of the strong patent portfolios of both companies. The details of the agreement are confidential and will not be disclosed.
Ericsson’s IPR licensing revenues continue to be affected by several factors, mainly expired patent license agreements pending renewal, geopolitical impact on the handset market, technology shift from 4G to 5G, and possible currency effects going forward. In the second quarter 2021, IPR licensing revenues, including the new agreement covering sales from January 1, 2021, are expected to be SEK 2.0 b to 2.5 b.
Christina Petersson, Chief Intellectual Property Officer at Ericsson says: “We are delighted to sign a mutually beneficial agreement with Samsung. This important deal confirms the value of our patent portfolio and further illustrates Ericsson’s commitment to FRAND principles.”
Over several decades, Ericsson has made significant investments in R&D and in developing global mobile standards and is committed to licensing its standard-essential patents on fair, reasonable and non-discriminatory (FRAND) terms for the benefit of consumers and enterprises everywhere. The FRAND system allows access to technology and intellectual property, developed by inventors like Ericsson, and also rewards those inventors for their major up-front investment in R&D in each mobile generation.
The value of Ericsson’s IP portfolio extends to more than 57,000 granted patents and is strengthened by annual investment in R&D of approx. SEK 40 b. With a leading global position in 5G, the company is confident of growing its IPR revenues long term, thereby further maximizing the value of the overall patent portfolio.