PTCL overhauled its copper network to Fiber in Nathiagali for high-speed internet experience
Pakistan Telecommunication Company Limited (PTCL) has completed fiberization of the famous and picturesque tourist destination, Nathiagali to provide high-speed connectivity and quality user experience in the region. The blazing fast internet will support social empowerment and growth of the local tourism industry. The network overhaul is being carried out under PTCL’s Copper Sunset project, which…
Adil Aziz
ECC approves proposed revised features of scheme, its budgetary impact as proposed by SBP
The summary of the Finance Division regarding SME Asaan Finance (SAAF) Scheme was submitted for consideration by the ECC The Economic Coordination Committee (ECC) approved the proposed revised features of the scheme and its budgetary impact as proposed by the State Bank of Pakistan (SBP). The ECC considered a summary of Ministry of Industries and…
Highest ever issuance of GOP Ijarah Sukuk in a single month
Government of Pakistan (GOP) on Monday, 7th August 2023 raised a total of PKR 371 Billion (over $1.29bn) through GOP Ijarah Sukuk This was the highest issuance of Sukuk in a single auction by GOP since the start of GOP Ijarah Sukuk program in 2008 On 3rd of August 2023, various bank participated in the…
Spotify Brings AI DJ to Users in Pakistan
Supporting a core vision of customizing listenership experiences for audiences across 50 markets including Pakistan DJ is an entirely new way to enjoy personalized music with AI-Powered commentary Spotify is taking personalization to a whole new level with AI DJ available right in their pockets. DJ is a unique offering that gives users an insanely…
PSX loses 956.42 points
The 100-index of the Pakistan Stock Exchange (PSX) witnessed bearish trend on Tuesday, losing 956.42 points, a negative change of 1.98 per cent, closing at 47,429.83 points against 48,386.25 points the previous trading day. A total of 336,078,121 shares were traded during the day as compared to 381,855,144 shares the previous day, whereas the price…
PTCL Flash Fiber users get exclusive access to 50 more HD channels on PTCL Smart TV
Pakistan’s largest telecommunications operator, Pakistan Telecommunication Company Limited (PTCL) has announced the addition of 50 High Definition (HD) TV channels on its Smart TV, which will be exclusively accessible to PTCL Flash Fiber users. The initiative brings the number of HD channels on PTCL Smart TV to 60, and the overall channel count to 200,…
SECP strengthens measures to prevent predatory lending in Digital Nano Lending
In order to curb predatory practices and ensure financial sustainability of the borrowers in the digital nano-lending sector, the SECP has imposed exposure limits on digital lenders and borrowers through its Circular 10 of 2023. A maximum limit of Rs. 25000/- has been imposed for individual borrowers from a single loan app, and the aggregate…
Apex committee of SIFC approves projects for attracting investments
under the umbrella of SIFC, in key sectors of agriculture, livestock, mining, minerals, information technology and energy The third Apex Committee meeting of Special Investment Facilitation Council (SIFC) initiative was held here on Monday (August 07) to continue the positive momentum to attract investment in various sectors of economy. The Apex Committee gave final approval…
Naveed Khalid Butt appointed as President of TOA Management Committee
Group Chief Regulatory Officer, PTCL & Ufone 4G, Naveed Khalid Butt has been appointed as the President of the Management Committee of the newly formed Telecom Operators Association (TOA). With all major Pakistani telecom operators aboard, the association aims to help foster digitization of national economy by advocating policy and regulatory interventions in the telecom…
Chinese company lauds multiple incentives at Gwadar Port Free Zone
The Pakistani government is very supportive of Chinese enterprises investing in Gwadar Port and has given multiple preferential policies including tax-free incentives, said Liu Hui, deputy general manager of China Linyi Trade City Co, a Chinese enterprise which has been operating in Gwadar Port Free Zone for many years. The Pakistani government is very supportive…