BOOM OF HAND-HELD DEVICES AND TELECOM
ISSUE # 15 -----
Apr 14 - Apr 20, 2014
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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..........

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PAGE TOP STORIES

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EXCLUSIVE INTERVIEWS
& PAGE SPECIAL REPORTS

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TELECOM EXPLOSION OPENS NEW BUSINESS AVENUES

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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.........

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INTERVIEW WITH NOMAN HAMEED BOMBAYWALA, AN ANALYST

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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.......

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PAKISTAN
EXPORTS & IMPORTS

(US Million $)
PERIOD EXPORTS IMPORTS
May-13 2,255 3,471
June-13 1,996 3,292
July-13 P 2,197 3,427
Aug-13 P 4,210 6,868
Sep-13 P 6,275 10,518
Oct-13 P 8,347 14,127
Nov-13 P 10,185 17,307
Dec-13 R 12,532 20,838
Jan-14 P 14,696 24,471
Feb-14 P 16,770 27,607

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PREVIOUS ISSUES

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PAKISTAN WEATHER
3 DAYS FORECAST

  MIN MAX HUM% FORECAST.
KARACHI
TODAY 23 33 60 cloudy
TOMORROW 24 36 56 cloudy
DAY AFTER 24 35 55 cloudy
LAHORE
TODAY 19 33 38 cloudy
TOMORROW 19 34 39 sunny
DAY AFTER 20 34 37 sunny
ISLAMABAD
TODAY 15 26 57 showers
TOMORROW 15 28 47 sunny
DAY AFTER 17 29 43 sunny

updated: Sun - Tue, Apr 12 - 14, 2014

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COVER STORY
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VOICE BIOMETRICS FOR CUSTOMER VERIFICATION AND SECURE ACCESS
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ZRG International (www.zrg.com) is at the forefront of the revolutionary voice biometrics technology. With a wide range of ready-to-deploy solutions, ZRG team offers a wealth of knowledge and consulting on how a business can incorporate voice biometrics in their existing 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........

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PEACE
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AFGHAN POLLS LIKELY TO PAVE WAY FOR PEACE IN THE REGION
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Felicitating the 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........

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COVER STORY
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INTERVIEW: GYORGY KOLLER, CHIEF TECHNOLOGY OFFICER AND VICE PRESIDENT, TELENOR PAKISTAN
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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.

 

The equipment installed, has intelligent power management features, which essentially means reduced power consumption relieving the national grid in the process.......

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COVER STORY
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EXPECTED 3G/4G AUCTIONS – WHAT DOES IT MEAN FOR MOBILE COMMUNICATION?
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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 initiative..........

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COVER STORY
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MOBILINK TO HOLD "RISING STAR 2014" COMPETITION FOR UNIVERSITY STUDENTS: A FASCINATING YOUTH DEVELOPMENT PROGRAM
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Mobilink’s parent 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 development.......

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COVER STORIES
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SHIPPING
NEWS

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PAK-CHINA ECONOMIC 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 demand.
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.....
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COVER STORY
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MOBILE PHONE BOON OR BANE
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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.........

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INFLATION
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PAKISTAN FACING A RISE IN INFLATION
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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......

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CAPITAL MARKETS
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STOCK MARKET ROUND UP
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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 314,000 tons........

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RESEARCH CORNER

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PTCL SUSTAINS LEADERSHIP POSITION IN ICT INDUSTRY

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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)..
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COVER STORY
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MOBILE PACKAGES AND MORAL VALUES
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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 June 2013...........

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CAPITAL MARKETS
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ENERGY
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PRICE OF INDIA’S IMPORTED LNG STANDS AS HIGH AS $19.25 PER MMBTU
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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 other industries.
Unlike other 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 years.
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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 2004-05 prices......

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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........

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GULF NEWS

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.....

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ANNOUNCEMENT

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......

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WEEKLY COMMODITY RATES (US$)

  PRICES
THIS WEEK
PRICES
LAST WEEK
%CHG
CRUDE OIL

107.32

106.28

0.98

HEATING OIL

293.98

290.48

1.20

COTTON

89.29

90.81

-1.67

SUGAR #11

17.02

90.83

-81.26

COPPER

306.15

304.5

0.54

GOLD

1,316.30

1,287.10

2.27

SILVER

19.93

19.83

0.50

COCOA

2,985.00

2,917.00

2.33

CORN

503.5

499.75

0.75

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EDUCATION
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FUTURE IN PROFESSIONAL EDUCATION IN BALOCHISTAN
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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......

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EXCHANGE RATES

BUYING SELLING
US $ 98.4 98.65
UK POUNDS 163 163.25
KUWAITI DINAR 349.1 349.35
SAUDI RIYAL 25.9 26.15
UAE DIRHAM 26.5 26.75
CANADIAN DOLLAR 88.25 88.5
EURO 134.75 135
JAPANESE YEN 0.97 0.98

MORE RATES

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RESEARCH CORNER
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YOUTH USING MOBILE PHONES – HANDLE WITH CARE
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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....
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HEALTH
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OVER 78PC OF POPULATION FACE HIGH STAKES OF VECTOR-BORNE DISEASES: UN
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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........

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28Mar14 4Apr14 11Apr14
NASDAQ

4,151.23

4,237.74

4,054.11

H.SENG

22,106.04

22,518.45

22,970.33

SENSEX

22,240.40

22,430.73

22,589.53

NIKKEI

14,704.72

15,063.77

13,960.05

CAC-40

4,379.06

9,628.82

4,378.81

DAX

9,451.21

9,628.82

9,379.56

FTSE

6,588.32

6,649.14

6,585.25

S&P

1,849.04

1,888.77

1,833.08

DJIA

16,264.23

16,572.55

16,170.22

K
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As On Apr 11, 2014

TENOR

BID

OFFER

1 Week

9.81 10.31

2 Week

9.82

10.32

1 Month

9.85

10.35

3 Month

9.94

10.19

6 Month

9.94

10.19

9 Month

9.94

10.44

1 Year

9.95

10.45

2 Year

10.62

11.12

3 Year

11.64

12.14

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RESEARCH CORNER
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PAKISTAN PROVIDES AMPLE OPPORTUNITIES FOR INVESTMENT IN TELECOM
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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).........

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BUSINESS QUOTATIONS
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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.
YANN MARTEL
The reason I don't carry a mobile phone is I don't want people to know where I am!
FELIX DENNIS
Socially smart people have always mocked the threateningly mobile, and anti-branding is a central strand of high-end status conflict now.
PETER YORK
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.
GARY VAYNERCHUK
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 class.
DAVID MILIBAND
We at BMW do not build cars as consumer objects, just to drive from A to B. We build mobile works of art.
CHRIS BANGLE
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.
HOWARD RHEINGOLD

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COVER STORY
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BANKING SECTOR THE BIGGEST BENEFICIARY OF ITC CONVERGENCE
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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......

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CURRENCY CONVERTER
(Open Market)

 EURO:

 US DOLLARS:

 UK POUNDS:

 Japanese YEN:

 SAUDI RIYAL:

 UAE DIRHAM:

 KUWAITI DINAR:

 CANADIAN DOLLARS:

 PAKISTANI RUPEES:


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THIS WEEK TOP STORIES
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US URGES COUNTRIES TO HELP UKRAINE'S ECONOMIC RESCUE (BBC NEWS)
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SECP LAUNCHES ONLINE PAYMENT FACILITY (THE NATION)
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ATTOCK CEMENT TO SET UP PLANT IN BASRA (DAWN NEWS)
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VEHICLE AMNESTY SCHEME: 1,900 CARS CLEARED ON SHORT PAYMENT OF SURCHARGE (BUSINESS RECORDER)
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SAUDIA TO SPEND $476M TO CARGO DIVISION (GULF NEWS)
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5PC JUMP IN WORLD TRADE OF RICE LIKELY (DAWN NEWS)
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SAMSUNG, UFONE CO-LAUNCH GALAXY S5 IN PAKISTAN (THE NATION)
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PAGE REPORT
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TeleCON 2014 TO DISCUSS 3G, 4G DYNAMICS -- TELECOS EXCITED ON INVESTMENTS
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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.........

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