Islamabad, July 13, 2023 – The Universal Service Fund (USF) has awarded a contract worth approximately Rs6.78 billion to Ufone for providing High-Speed Mobile Broadband services in the Sibbi district of Balochistan province and Motorway M-8.
(more…)Tag: Ufone
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Ufone increases rates amid rising inflation
KARACHI: Ufone, Pakistan’s largest phone service provider, has increased tariff for its various packages.
In a message sent by the cellular service provider to its customers said: “… to maintain quality of services during ongoing rise in inflation, there will be changes in some of our offers.”
READ MORE: Ufone 4G ranked top voice and data network
The rates of following packages have been increased:
UPower 100, which was of Rs.100 has been increased to Rs.120 with change in resources of addition 1000 SMS in All in One (Option 1) Variant which will be effective from June 28, 2022.
Super Card Plus, which was of Rs.649 has been increased to Rs.699 which will be effective from June 29, 2022. The resources are same as previous.
READ MORE: Ufone signs Rs21 billion agreement for 4G spectrum
Super Card Gold, which was of Rs.999 has been increased to Rs.1099 with change of resources of addition 100 Off-Net minutes and 2GB Main volume and 2 GB Social Volume (1 GB FB and 1 GB WA) which will be effective from June 29, 2022.
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Meezan Bank provides bill discounting facility for Huawei
KARACHI: Meezan Bank has successfully instituted an Islamic alternate to Inland Bill Discounting Facility for Huawei Technologies Pakistan (Pvt.) Limited – a first-of-its-kind transaction in Islamic banking industry, developed as a Shariah-compliant alternate to local bill discounting facility.
READ MORE: Meezan Bank lends Rs1 billion under youth scheme
The first drawdown under the facility was made against a deferred payment inland Letter of Credit (LC) opened by Pak Telecom Mobile Limited (Ufone) in favour of Huawei. The transaction has been developed by the Bank under the supervision and guidance of Dr. Muhammad Imran Ashraf Usmani – Vice Chairman Shariah Board, Meezan Bank, after a series of deliberations and persistent efforts.
READ MORE: Meezan Bank announces 26% growth in annual profit
On this occasion, Abdullah Ahmed – Group Head, Corporate & Institutional Banking, Meezan Bank stated: “Meezan Bank is pleased to offer yet another milestone solution for the Islamic banking industry i.e., a Shariah-compliant alternative to discounting of long tenor inland bills with provision of variable profit rates. We are hopeful that this solution will serve as a precedent for unique transactions pertaining to trade within telecom industry.”
READ MORE: Meezan Bank, Suzuki Motors sign MoU for car financing
Ahmed Ali Siddiqui – Group Head, Shariah Compliance, Meezan Bank, stated, “This endeavour of Meezan Bank displays its capability to develop out-of-the-box, innovative and Shariah-compliant solutions and reinforces its position as the leading Islamic bank of the country. We hope this solution will open a new chapter in facilitating trade among businesses and industries in a Shariah-compliant way and bring more businesses and trade into fold of Islamic banking.”
READ MORE: Meezan Bank starts Islamic financing scheme for SMEs
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Ufone signs Rs21 billion agreement for 4G spectrum
ISLAMABAD: Pakistani Telecom Company, Ufone has secured its largest syndicated financing facility jointly led by MCB Bank Limited (MCB) (Agent bank), Allied Bank Limited (ABL), Bank of Punjab (BoP), National Bank of Pakistan (NBP), and United Bank Limited (UBL) to fund the acquisition and rollout of its 4G services across Pakistan.
President and Group CEO, PTCL & Ufone, HatemBamatraf signed the agreement for the syndicated financing of PKR 21 billion at a ceremony held in Islamabad, which was also attended by President, MCB Bank, Imran Maqbool; Group Head, Corporate Finance & International Banking, MCB Bank, Mr. ShoaibMumtaz; President Allied Bank, AizidRazzaq Gill; Chief, Corporate & Investment Banking, Allied Bank, OwaisShahid; Head Investment Banking, Bank of Punjab, Umer Khan, AbidKitchlew Divisional Head C&IBG, National Bank, and Farooq Ahmed Khan Group Head Corporate & Investment Banking, United Bank Ltd .
Ufone has recently been awarded 4G Spectrum License as a result of competitive bidding during the spectrum auction held by the Pakistan Telecommunication Authority (PTA). The company’s investment in 4G spectrum will go onto enhancing its network capacity and readiness besides delivering superior connectivity and user experience to its customers.
Speaking at the ceremony President and Group CEO, PTCL & Ufone, HatemBamatraf expressed his gratitude to the banking consortium for the timely financial support and said “The Financing Solution will go a long way in bringing high quality mobile broadband services to the people of Pakistan. It will improve quality of network services and usher in a host of socio-economic opportunities for growth and development for our customers” He further added “ It is a mutual goal that both Pakistan’s banking and telecom industries are working to achieve in order to create shared value for the communities we serve.”
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Ufone launches contact center for housing loans
ISLAMABAD: Ufone has launched its new state-of-the-art contact center for Pakistan Banks’ Association (PBA). The contact center has been launched to resolve queries and generate leads for the Government of Pakistan’s ‘Mera Pakistan, MeraGhar’ helpline initiative, which brings affordable housing finance facilities for low-income groups.
The Contact Center was inaugurated by Governor, State Bank of Pakistan, Reza Baqir, here in Islamabad, in presence of President and Group CEO, PTCL & Ufone, Hatem Bamatraf, Chairman, Naya Pakistan Housing and Development Authority,Lt. Gen. (Retd.) Anwar Ali Hyder, Chairman Pakistan Banks’ Association (PBA), Muhammad Aurangzeb, and senior management of the member banks and financial institutions of PBA.
Ufone is providing Contact Center services to PBA from two existing Centers by disseminating information on the loan process, eligibility criteria etc., besides offering 24/7 query and complaint resolution services to prospective customers.
Sharing his thoughts at the ceremony, President and Group CEO, PTCL & Ufone, Hatem Bamatraf, said:“We are glad to be a part of this historic initiative for the people of Pakistan. Ufone’s onboarding as the official contact service provider is a testament to the company’s extraordinary track record as a dependable services provider for Pakistan’s business sector. We constantly innovate and modernize our products and services ecosystem to deliver a remarkable user experience to our individual and corporate customers. The latest state-of-the-art Contact Center facility will further enhance our capacity to respond to queries and complaints to bring a hassle-free banking experience to the low-cost housing beneficiaries.”
The Contact Center will provide an additional channel for Ufone to resolve queries and generate leads for the housing finance project and promote its nationwide uptake. The facilities are easily scalable to manage additional facilitation as the need arises.
The facilities feature robust centralized Complaints Management and Leads Management Systems to help the member banks track every step of the customer journey, besides expediting the processing of the loans. Ufone Contact Centers are strategically located for effective management of traffic for calls from across Pakistan.

