Mobile phones have
been an ever-growing business in Pakistan which affects demand
and use for online banking. The cellular industry of Pakistan
is regarded to be the best in Asia in terms of sales and has
attracted many foreign cellular operators for investments.
China looks at the Pakistani market with hawk’s eye. China has
an ever-growing market for phones and the best market for
Chinese brands is Pakistan. It is estimated that of all the
phones sold in the market, 60 percent of them are made in
China. This also includes copy of original brands sold at a
fraction of the original cost. Part of the reason for this
growth has been population of 180 million people which creates
an automatic demand..........
PAGE TOP STORIES
& PAGE SPECIAL REPORTS
TELECOM EXPLOSION OPENS NEW BUSINESS AVENUES
The telecom sector has done wonders in the financial sector as
according to State Bank of Pakistan the volume of e-banking
transactions has grown considerably over the years. The number
of online branches is 10,596, which accounts for around 95% of
the total bank branches in the country; around 24.5 million
transactions amounting to Rs7.48 trillion were performed via
this channel during October-December of FY13-14. As on 31st December
2013, there is around 18.3 Point of Sale (POS) machines for
every 100,000 people in the country.........
INTERVIEW WITH NOMAN HAMEED BOMBAYWALA, AN ANALYST
The government is all excited and moving confidently to sell
3/4G licenses. The government hopes to raise $1.6 billion from
the sale of licenses in the current fiscal. It was announced
in February this year that Pakistan will hold long-awaited
auctions for 3G and 4G telecoms licenses in April, a step that
could help boost the cash-strapped country’s foreign reserves.
It was announced that a 3G license will cost $295 million and
a 4G license will cost $210 million.......
VOICE BIOMETRICS FOR CUSTOMER VERIFICATION AND SECURE ACCESS
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strategy and operation. All of our innovative and flexible
solutions such as customer interaction solutions such as
Contact Center and CRM are certified for voice biometrics.
This means that a business can start getting results from
Voice biometrics within weeks........
AFGHAN POLLS LIKELY TO PAVE WAY FOR PEACE IN
people of Afghanistan on holding successful presidential and
provincial councils polls, Pakistan’s Prime Minister Nawaz
Sharif said that by making decision through ballot they have
made clear to the world that they are determined to adopt a
democratic culture. The Prime Minister says it would certainly
move the way for peace in the region and offered to work in
collaboration with the new leadership of Afghanistan in
bringing peace and tranquility in the region........
Gyorgy Koller, who
has been serving as the company’s Chief Technology Officer for
the past three years now, while replying to a question
regarding technical up-gradation of Telenor Pakistan further
added that the up-gradated network was primarily aimed at
further enhancing customers’ experience and to get greener
network with lesser energy consumption. He explained that work
on this network modernization project was in line with Telenor
Group’s green initiative. As a result, it has allowed more
control over the company’s power infrastructure.
installed, has intelligent power management features, which
essentially means reduced power consumption relieving the
national grid in the process.......
EXPECTED 3G/4G AUCTIONS – WHAT DOES IT MEAN FOR MOBILE
A major change in the
cellular market is the upcoming 3G/4G auctions which under the
directives of Pakistan Telecommunication Authority (PTA)
expected to be introduced in the country in the 3rd week of
this month. These auctions will bring in US$1.3 billion in
investments. The auctions are expected to give Pakistan a jump
in mobile communication services, which have long been part of
more developed markets.
The auctions will open doors to new mobile phone
subscribers and buyers and have been seen as a positive
MOBILINK TO HOLD "RISING STAR 2014" COMPETITION FOR UNIVERSITY
STUDENTS: A FASCINATING YOUTH DEVELOPMENT PROGRAM
company VimpelCom has invested US$4.3 billion in Pakistan and
in view of available investment opportunities; Mobilink is
likely to participate in the bidding for 3G to consolidate its
market share in Pakistan.
According to company sources till date the Mobilink’s parent
company has been utilizing various fronts to ensure the best
customer experience for Mobilink customers and has
consolidated its leadership position in the country.
According to informed sources Mobilink’s
parent company VimpelCom Group CEO, Jo Lunder who is currently
visiting Pakistan to discuss future business prospects as the
telecommunication sector enters a new phase of growth and
CORRIDOR PLAN CAN SHORTEN TANKER TON-MILE DEMAND
Things are ever so
susceptible to change in the tanker market, with the recent
developments in terms of the China-Pakistan agreement to
create an "economic corridor" between the two nations, being
yet another factor, which could lead to changes in tanker
According to the latest weekly report from shipbroker Gibson,
"Pakistan's President predicted that the project would not
only benefit both nations, but also the whole region with
billions of people.........
MOBILE PHONE BOON OR BANE
It is great that
Pakistan having a population of around 190 million people has
cellular density inching close to 135 million. It is also a
fact that no sooner did the cellular phone models introduced
around the world these are also made available in Pakistan.
Apart from businessmen, senior executives and bureaucrats use
models which are becoming replacement of laptop computers.........
FACING A RISE IN INFLATION
According to the
latest report of the Asian Development Bank’s Outlook-2014
released last week, Pakistan is likely to face an increase in
inflation rate as a result of further adjustments to electric
and gas tariffs, as well as a levy to support gas
infrastructure development in the upcoming months. The report
attributed it mainly due to the commitments made
with International Monetary Fund (IMF) for $6.4 billion
extended fund facility, like adjustments to electric and gas
tariffs, and a levy to support gas infrastructure development......
According to the recent update of Oil
Companies Advisory Committee (OCAC), sales of the Companies increased by 12%MoM
during March'14. For the month furnace oil (FO) sales increased by 24%MoM to
767,000 tons as compared to 618,000 tons for Feburary'14. With summer
approaching rising electricity needs was the main reason behind FO volume growth
during the month. Along this motor gasoline (mogas) sales were up by 4%MoM to
Pakistan Telecommunication Company
Limited (PTCL) since its formation in Pakistan on December 31, 1995 and formerly
starting work in January 1996 sustained the leadership position in the
Information and Communication Technology (ICT) industry in Pakistan.
The Company, is listed on the Lahore,
Karachi and Islamabad stock markets, was organized to undertake the
telecommunication business previously carried on by the Pakistan
Telecommunication Corporation (PTC)..........
MOBILE PACKAGES AND MORAL VALUES
No doubt in terms of
promoting investment and encouraging competition, Pakistan
Telecommunication Authority (PTA) to some extent fulfilling
its vision as at present Pakistan stands in all over the world
in 9th place and in Asia it ranks 5th in
Mobile phone user. The subscribers of cellular mobile in
Pakistan attained the level of 128.93 million at the end of
PRICE OF INDIA’S IMPORTED LNG STANDS AS HIGH
AS $19.25 PER MMBTU
As Pakistan continues
to find solutions to its energy crisis, it is important to
highlight the urgent need to import Liquefied Natural Gas
(LNG) into the country, to reduce the energy deficit and make
gas available for homes, power generation, CNG sector and
countries like India, Bangladesh, Jamaica, Indonesia which
realized that LNG is a sustainable solution for energy needs,
Pakistan has been struggling with the same for the last 7
INDIA IN THE NEWS
NEW DELHI: The International Monetary
Fund (IMF) has projected India’s economy to grow by 5.4% in 2014-15 and 6.4% in
2015-16 on the back of strengthening global growth, improving export
competitiveness and implementation of recently approved investment projects. In
its latest World Economic Outlook (WEO), the IMF said overall growth is expected
to firm up on policies supporting investment and a confidence boost from recent
policy actions but will remain below trend. IMF projections are based on market
prices whereas estimation by the country's statistics office are on the basis of
IN THE NEWS
Telecom economy witnessed some growth
in the FY13 with major indicators explaining improvement from previous year in
Pakistan, research analyst-PAGE said. Teledensity of the country reached 75.21
percent (135 million subscribers combining Cellular, WLL & LL) with major
contribution from cellular sector and revenues of Rs. 445.7 billion. Telecom
sector contributed Rs. 124 billion to the national exchequer while the
investment reached US $472 million in the FY13. However, FDI remained on the
pessimistic side of the scale while the telecom imports touched at US $918
million in the present fiscal year, he added........
Dubai: Five key
industries will benefit from Dubai hosting Expo 2020, a new
report commissioned by the Federal Authority of Human
Resources (FAHR), has found. The new report, conducted by The
Talent Enterprise, to study human capital opportunities from
the Expo, found that hospitality, transportation, retail,
banking and finance as well as real estate and infrastructure
will witness key growth and so will need to expand.
In light of the recent developments by
State Bank of Pakistan (SBP), Pakistan Mercantile Exchange (PMEX) met up with
ACE Control & Expertise Global (Pvt.) Limited to discuss future plans on the
much needed initiative of Warehouse Receipt Financing.
Over the years PMEX has been
interacting with producers and traders of Agri produce and the regulators to
develop the futures market of various commodities i.e. wheat, rice, sugar. This
initiative will enable the Exchange to play its due role in creating the
secondary market of these commodities thereby supporting the broader objective
of improving the returns to farmers......
WEEKLY COMMODITY RATES
FUTURE IN PROFESSIONAL EDUCATION IN BALOCHISTAN
Youth of Balochistan
are still deprived of the opportunities and education
facilities, which are necessary to make development in the
field of science and technology. In wake of Chinese takeover
of the deep-water port at Gwadar, there will be a dire need of
qualified and professional port staff for successful marketing
of the port management to potential customers, building of
export processing zone, trans-shipment and warehousing
facilities, fixing of port tariffs for shipping companies in
order to be competitive......
In the 21st
century, mobile phone is a great invention as it becomes a
practical necessity and is an economical way of communication
for people of all walks of life.
But owning a mobile phone has become a requirement, as well as
status symbol for young people, who as ever, grappling with
the forces of peer pressure and conformity. The view of mobile
handsets as a fashion accessory is well developed in this
market segment because young people tend to be early adopters............
OVER 78PC OF POPULATION FACE HIGH STAKES OF VECTOR-BORNE
More than 78 percent
of the world population is on high stakes of vector-borne
diseases due to toxically-infested unsafe drinking water --
for which, in almost 72-83 percent cases, particularly in the
developing countries of Asian and African regions, the
ecologically non compatible sewage system is the major
attributable provenance root-source, learnt the World Health
Observance through UN WWD 2005-2015 program........
As On Apr 11, 2014
PAKISTAN PROVIDES AMPLE OPPORTUNITIES FOR INVESTMENT IN
With more than 180 million population
and 132.33 million cellular mobile subscribers, Pakistan's telecom sector offers
huge opportunities for international and domestic investors. Foreign telecom
firms have important presence in the country. These firms are fruitfully doing
business in Pakistan. The telecom sector has attracted considerable foreign
investment after the deregulation.
During FY06 to FY12, Pakistan’s telecom
sector attracted more than US$12 billion of investments including $6 billion
foreign direct investment (FDI).........
I'm not a consumer. I hate buying
clothes. I don't have a mobile. I just don't need things. I don't like things.
The reason I don't carry a mobile phone
is I don't want people to know where I am!
Socially smart people have always
mocked the threateningly mobile, and anti-branding is a central strand of
high-end status conflict now.
I live in a Mobile Home - I've never
had a house, except once; I rented a log cabin.
DON VAN VLIET
A broad trend I'm completely obsessed
with is mobile commerce. Like completely. I'm completely convinced that
everybody's going to be buying from their mobile devices. Whoever can claim that
space or be in that space, I'm very interested in.
The biggest opportunity in 2013 is in
Africa. It has seven out of the ten fastest-growing economies in the world. In
Nigeria alone there are 100 million people with mobile phones. In total, 300
million Africans - five times the population of Britain - are in the middle
We at BMW do not build cars as consumer
objects, just to drive from A to B. We build mobile works of art.
Although we leave traces of our personal lives
with our credit cards and Web browsers today, tomorrow's mobile
devices will broadcast clouds of personal data to invisible monitors
all around us.
BANKING SECTOR THE BIGGEST BENEFICIARY OF ITC CONVERGENCE
In Pakistan financial institutions have been the pioneer of technology
deployment. This is partly because of the nature of their business and partly
because of dealing with their counterparts located in developed countries. The
added advantage have been that they have ample funds and also because ‘globally
acceptable’ hardware and software are available.
They also have on
credit ‘development of tailor made programs’ that are Pakistan specific.
Deployment of technology has helped them in not only serving their clients
better but also extending their outreach.
The enormous success
achieved in ‘branchless banking’ is only due to ITC convergence.
One of the key issues facing the banks was handling of inward remittance and
prompt transfer of cash to the recipients, often located in remote areas......
CURRENCY CONVERTER (Open Market)
THIS WEEK TOP STORIES
US URGES COUNTRIES TO HELP
UKRAINE'S ECONOMIC RESCUE
SECP LAUNCHES ONLINE PAYMENT
ATTOCK CEMENT TO SET UP PLANT
VEHICLE AMNESTY SCHEME: 1,900
CARS CLEARED ON SHORT PAYMENT OF SURCHARGE
SAUDIA TO SPEND $476M TO CARGO
5PC JUMP IN WORLD TRADE OF
SAMSUNG, UFONE CO-LAUNCH
GALAXY S5 IN PAKISTAN
TeleCON 2014 TO DISCUSS 3G, 4G DYNAMICS -- TELECOS EXCITED ON
The seventh Pakistan
Telecommunication Conference TeleCON 2014 an annual feature
organized by SHAMROCK Conferences International, will be held
on May 14, 2014 in Islamabad and there are exciting times
ahead to discuss an important note that the telecom and ICT
sector is rejuvenated due to 3G and 4G technology offerings
and the telecommunication companies are gearing up on
investments and deployment of resources to meet the challenges
and the government's mandate during the conference.
It may be mentioned that TeleCon is held every year to
highlight and debate on critical issues and.........