• The Smart Africa Digital Academy will adopt the Ericsson Educate program to enhance the digital skill competencies of ICT ministries’, policymakers, and regulators’ top management in member countries of Smart Africa Alliance.
• The collaboration is expected to later extend to youth, students, and professionals, especially educators.

Huawei nova Y series is reputed for bringing some solid features that are mostly seen on flagship or mid-range smartphones to the entry-level segment. These smartphones are designed to provide users with access to a powerful smartphone experience at a friendlier price point.… Continue

The Striding Towards the Intelligent World Summit at HUAWEI CONNECT 2022 successfully concluded today. David Wang, Huawei’s Executive Director of the Board and Chairman of ICT Infrastructure Managing Board delivered a keynote speech titled Embracing the 5.5G Era: Striding Towards the Intelligent World at this summit.… Continue

Millat Tractors Ltd (MTL) has reported 4QFY22 NPAT of PKR955mn (EPS: PKR9.86), lower than last year’s EPS of PKR18.16 and last quarter’s EPS of PKR18.21, taking FY22 NPAT to PKR5.9bn (EPS: PKR60.56), down 11% YoY. The result missed our estimated EPS of PKR11.23, where the deviation largely stemmed from lower-than-expected revenues and finance costs. … Continue

On the second day of HUAWEI CONNECT 2022 Bangkok, Huawei launched a range of innovative infrastructure solutions to drive industry digitalization by finding the right technology for the right scenario. Industry stakeholders gathered and held discussions around the theme “Innovative Infrastructure to Unleash Digital”, exploring the future directions and opportunities for industry digitalization.… Continue

TECNO, a leading smartphone brand, has launched the much-awaited Camon 19 Pro in Pakistan. The camera-centric Camon series has brought yet another innovation in camera technology unlike anything seen before. TECNO Camon 19 Pro, the industry’s first-ever smartphone with a 64MP Bright Night Portrait with RGBW (G+P) sensor and 0.98mm Slimmest bezel, is now being launched in Pakistan.… Continue

PUBG MOBILE, Pakistan’s NO.1 mobile game, has partnered with Pakistan Cricket Board (PCB) for the Pakistan vs England T20 International Series 2022, starting today (September 20). The tour will include seven T20 matches to be played in Karachi and Lahore.

Cricket is the most watched form of sports in Pakistan and through this collaboration, PUBGM will offer the Pakistan Men’s Cricket Team a much greater support on the international platform through its popularity among the youth in the esports industry.… Continue

The 7th annual flagship event for the global ICT industry, Huawei Connect 2022, began yesterday in Bangkok, Thailand. The theme of this year’s event is “Unleash Digital”, gathering over 10,000 ICT industry leaders, experts, and partners from around the world to explore how to more effectively unleash digital productivity, promote the digital economy, and build up stronger digital ecosystems.… Continue

Pakistan Telecommunication Company Limited (PTCL) Group has entered into a strategic partnership with Pakistan Poverty Alleviation Fund (PPAF) to foster digital and economic inclusion of women entrepreneurs through training and access to digital and financial tools and opportunities for economic growth.… Continue

Huawei Technologies Pakistan (Pvt) Limited has leaped ahead in an understanding and collaboration agreement with App In Snap (Pvt) Limited, Pakistan, to endeavour for technology solutions jointly. In an event hosted in Karachi, officials, executives, and experts postulated that keeping up with IT infrastructure advancements is the only solution to address today’s ever-challenging business requirements.… Continue

 Passenger car sales plummeted by 50% YoY | 13% MoM, on the back of i) need for prior permission on import of raw materials by the SBP, which led to lower inventory levels and slashed production, ii) increased auto financing rate due to interest rate hike curbing demand, iii) shrunk purchasing power due to receding incomes amid high inflation, and iv) delay in car deliveries in lieu of massive rainfalls.… Continue

realme, as the most prominent brand of Gen Z, had a remarkable month of August, in which it held a plethora of activities for its fans and in return received an overwhelmingly good response for the brand. The purpose behind such activities was to inform the core values of realme and to provide the fans with a better insight into the defining spirit of realme which is to Dare to Leap, be adventurous, and break ground where others have not tread before.… Continue

Pakistan’s leading digital operator has won the Digital Nation Video Creativity Award at the GSMA Mobile 360 Asia Pacific organized recently in Singapore. The Digital Nations Award encompasses the contribution of mobile technology in driving the digital transformation of nations. Videos from 11 countries were received, including Bangladesh, Cambodia, India, Indonesia, Japan, Malaysia, Nepal, Pakistan, Philippines, Thailand and Vietnam.   … Continue

realme, being one of the most popular brand of the Gen Z marked its 4th anniversary celebrations with a fun-filled musical party at Fan Fest 828. realme music party was attended by its loyal fans, celebrities and lifestyle media at Turtle beach Karachi.… Continue

Al-Ghazi Tractors (AGTL) has reported 2QCY22 NPAT of PKR0.8bn (EPS: PKR13.31), up a 12% YoY, but sequentially down by 33%. This takes 1HCY22 NPAT to PKR1.9bn (EPS: PKR33.31), up 40% YoY. The result is significantly lower than our expected EPS of PKR19.00, where the deviation has largely stemmed from lower-than-expected gross margin.… Continue

· Indus Motor Company Limited posted an earning of PKR 15,802mn (EPS: PKR 201.04) during FY22, increasing by 23% YoY from PKR 12,829mn (EPS: 163.21) in FY21. However, the earnings during the last quarter had a massive blow, depicting a decline of 88% YoY and 90% QoQ.… Continue

Extending its support to fellow Pakistanis, Telenor Pakistan has enabled free voice calls for its users in flood affected areas of the country. Torrential rains this year have wreaked unprecedented havoc across the country, dealing heavy damage to the country’s southern regions.… Continue

After a long and arduous wait, the Government of Pakistan recently announced that LCs, which had previously only been open for essential goods, are now available for all goods, including non-essential and luxury items. The final decision to lift the import ban entirely was made following the final requirements imposed by the International Monetary Fund (IMF) on the Country.… Continue

Pakistan car sales (including sales of Non-PAMA members) clocked in at ~14k units down 59% MoM primarily due to production issues, higher car prices resulting low purchasing power of consumers, and less working days due to Eid ul Adha holidays in Jul-2022.… Continue

TECNO is doing a fun activity for photography lovers this month. Fans can share their summer activity pictures and win exciting prizes from TECNO. As summer brings vacation time for most people, TECNO urges you to have fun with friends and family and share your pictures using the Camon series phone.… Continue

Pakistan Telecommunication Company Limited, the largest telecom services provider in Pakistan launched Smart Solutions powered by Huawei. The initiative will enable enterprises with smart ICT services that are completely secure and reliable through one-window operations.

The event was attended by Mr.… Continue

To recall, Honda Atlas Car (HCAR) announced its 1QMY23 profit of Rs658mn (EPS: Rs4.6) against profit of Rs928mn (EPS: Rs6.5) in SPLY. The decrease in earnings was attributable to PKR devaluation, higher material prices, and higher freight cost.

Company has recently increased the prices by 22%-24% due to steep devaluation inline with other industrial players.… Continue

Makhdoom Syed Murtaza Mehmood Federal Minister of Industries & Production inaugurated the Pakistan Auto Show 2022 alongwith Guest of honor Chairman EDB, Mr. Almas Haider, President LCCI, Mr. Nauman Kabir and Former President FPCCI and LCCI, Mr. Anjum Nisar at the Expo Centre in Lahore.… Continue

HCAR has reported a NPAT of PKR658mn (EPS: PKR4.61) for 1QMY23, up c.3x QoQ. This is strong result from HCAR, where the deviation from our projected EPS of PKR0.20 is primarily due to higher-than-expected gross margin and lower taxation.

1QMY23 key highlights:

Net revenue reached PKR30bn (in line with estimates), up c.40% YoY owing to c.25% higher volumes to c.9,400 and multiple price hikes from Nov’21. … Continue

Pakistani telecom company, Ufone 4G has donated pushcarts and food stalls to local community members in Murree to help them earn a decent livelihood for themselves and their families. The initiative is an extension of Ufone 4G’s Corporate Social Responsibility programme, designed to create a shared impact for society.… Continue