Millat Tractors plans to increase exports in view the decline in domestic demand of tractors.

The management of Millat Tractors Limited (MTL) held a corporate briefing session today to discuss the FY22 financial result and future outlook.

Brief Takeaways

· To recall, Millat Tractors Limited (MTL) announced its financial result for FY22 on 23rd Sep’22, whereby the company posted a Profit After Tax (PAT) of PKR 5.4bn (EPS: PKR 56.02), down by 6% YoY.… Continue

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Huawei signs global ITU pledge to help 120 million people in remote areas connect to the digital world

Huawei has signed a global commitment to join the International Telecommunication Union’s Partner2Connect digital alliance, which will bring connectivity to about 120 million people in remote areas in more than 80 countries by 2025.

Liang Hua, Chairman of Huawei, announced the decision at the company’s 2022 Sustainability Forum, Connectivity+: Innovate for Impact.… Continue

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Infinix X Discovery Global Vlog Challenge is now live!

Infinix today announced the launch of the Infinix X Discovery Global Vlog Challenge, which aims to build an ecosystem of mobile videography captured by Infinix users. The campaign aims to inspire users of passion mobile photography thereby expressing it through creative short videos on various social media channels.… Continue

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Developers’ Game Jam: GameBird Edition hackathon highlights the potential of Esports

Telenor Pakistan’s corporate accelerator, Velocity, held the closing ceremony of a month-long hackathon ‘Developer’s Game Jam: GameBird Edition’, at its 345 Campus in Islamabad. The hackathon was aimed at enabling an ever-growing community of game designers, developers, artists, and writers to come together on a common platform, to learn new skills and create video games of the future.… Continue

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Pakistan auto sales are down by 36% YoY, but the MoM numbers were up 22%

Latest automobile sales figures show some relief post the resumption in production; sales are down by 36% YoY, the MoM numbers were up 22% to 13,369 units. This is a similar number to the post pandemic lockdown in Sep’20. Despite the prevailing auto-parts import curtailment measures on CKD units, plant production resumption in Oct’22 has led to the improved production of 13,021 units (down 36% YoY but up 39% MoM).… Continue

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VEON recognizes its Pakistan-based operating companies as D&I champions

Jazz, jointly with its digital financial services JazzCash and sister concern Mobilink Microfinance Bank (MMBL) have been recognized as diversity and inclusion (D&I) champions across 7 markets globally by VEON, a global digital operator, during the Ignite Top 200 event held in Dubai.… Continue

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ZONG collaborates with CreditBook to provide e-wallet services to their customers

Zong 4G, Pakistan’s leading telecommunication Network has joined hands with CreditBook, a prominent fintech start-up to provide their customers access to e-wallet services. This collaboration will allow Zong4G’s millions of customers to access CreditBook’s mobile wallet, send balance through the application and earn commission on each sale.… Continue

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Easypaisa achieves milestone of half a million customers on In App Savings product

Pakistan’s leading digital first payments platform Easypaisa has achieved half a million customers for its savings product that was introduced 6 months ago. This is the most revolutionary savings product offered by any bank in the industry because without any paperwork and with just a single click in the Easypaisa App, customers can instantly subscribe to annual saving profit rates of up to 11%.… Continue

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SBP import restrictions and the volatile exchange rates would remain challenging for the auto sector

The management of Indus Motor Company Limited (INDU) held a corporate briefing session on 8th Nov’22 to discuss 1QFY23’s financial result and future outlook.

Brief Takeaways

·         To recall, Indus Motors Company Limited (INDU) announced its financial result for 1QFY23 on 27th Oct’ 22, whereby the company posted a Profit After Tax (PAT) of PKR 1,297mn (EPS: PKR 16.5), down by 76% YoY.… Continue

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Dun & Bradstreet announces over 500M D‑U‑N‑S® Numbers in its Data Cloud

Dun & Bradstreet a leading global provider of business deaccessioning data and analytics, today announced that its database of the world-renowned DUNS® Number had crossed over 500 million records in the Dun & Bradstreet Data Cloud.

The D-U-N-S® Number is a Unique 9-Digit Identifier for businesses.… Continue

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Mobile technology significantly improved skills: Telenor study

Nearly 54% of Pakistanis believe mobile devices and mobile technology have significantly improved their careers and aided in developing their skills, with women reporting that their mobile devices have significantly improved their quality of life, according to a study conducted by Telenor Asia.… Continue

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Ufone 4G offers convenient mobile top-up facility


Pakistani mobile company, Ufone 4G is set to transform its customers’ user experience through provision of convenient mobile top-up facility on 10,000 OPay Point-of-Sale (POS) machines. Ufone 4G customers will be able to access these machines at petrol stations, convenient stores, pharmacies, shopping malls and other public places countrywide to recharge their mobile phones with greater ease and accessibility.… Continue

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TECNO Mobile X BTW showcases its Camon 19 Pro Mondrian Art Inspired Winter Collection in stores

TECNO Mobile has always had something new in store for its fashion-forward audience and has found exciting ways to promote and connect with its users. TECNO recently collaborated with Fashion Brand, BTW, with the theme of Mondrian Art. This collaboration’s primary source of inspiration was the Camon 19 Pro Mondrian Edition, the epitome of the fusion between style and technology.… Continue

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Telenor Pakistan and UNICEF partner to strengthen Child Online Protection

Telenor Pakistan and UNICEF have partnered to scale the Child Online Protection agenda in Pakistan through their joint digital initiative, ‘Strengthening Child Online Protection for Children and Young People in Pakistan’. The program promotes safe and responsible internet usage among children, caregivers and educators through awareness and capacity-building efforts.… Continue

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Jazz and UN Women to digitally empower 10,000 Women Micro-Entrepreneurs

Jazz, Pakistan’s leading digital operator and a part of the VEON Group, has signed an agreement with UN Women to introduce digital and financial literacy programs for women-led microbusinesses in underprivileged areas. Under this program, by 2025, 10,000 women micro-entrepreneurs will also be provided free sims, internet data, calls and SMS bundles, and JazzCash Wallets. … Continue

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Easypaisa to launch food delivery Apps in collaboration with Blink

Easypaisa, Pakistan’s leading digital-first payments platform, now offers food services through its partnership with Blink. This partnership will provide Easypaisa users with a unique in-app experience, enabling them to access multiple food apps and make secure digital payments through the Easypaisa payment layer.… Continue

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IMC and HANDS work together to provide “Mobility for All”

Indus Motor Company (IMC) under its social responsibility banner, “Concern Beyond Cars”, gifted 10 electric wheelchairs to HANDS Pakistan at a small ceremony held at the latter’s head office in Gadap. The assistive devices were handed over by IMC’s Asad Abdullah, Head of CSR and Corporate Communication, to CEO HANDS, Mr Shaikh Tanveer Ahmed.… Continue

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Huawei’s David Wang at the Global MBB Forum 2022: Stride to 5.5G, the foundation of the future

During the Global MBB Forum 2022, David Wang, Huawei’s Executive Director of the Board and Chairman of ICT Infrastructure Managing Board delivered a keynote speech titled Stride to 5.5G: The foundation of the future. He noted how, through concerted efforts, the industry has made significant progress and is ready to make the leap to 5.5G.… Continue

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NdcTech wins best sales partner award at Temenos MEA Sales and Partner Summit 2022

NdcTech, a global IT and consulting company providing transformational services for the banking sector and a long-standing partner of Temenos has recently won the Best Sales Partner Award at Temenos MEA Annual Sales and Partner Summit 2022 owing to its exceptional sales capabilities.  … Continue

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Indus Motor registers massive decline in sales and profits in Q1 FY2023

Indus Motor Company Limited (IMC), announced its financial results for the first quarter ended September 30, 2022, witnessing a massive decline in profit after tax by 76% to Rs. 1.30 billion, as against Rs. 5.42 billion achieved in the corresponding quarter last year.… Continue

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Telenor Pakistan profits grow 10.7% in Q3 2022

Telenor Pakistan, the country’s second-largest mobile operator, reported solid performance for the quarter that ended on September 30, 2022. According to Telenor Group’s financial results, Telenor Pakistan reported a total of NOK 1.32 billion (~Rs. 29.53 billion) in revenues during the quarter, up by 10.7 percent in terms of PKR as compared to the same period last year.… Continue

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Indus Motor Company declared an interim cash dividend of PKR 8.2/share

Indus Motors Company Limited (INDU) announced its financial result for 1QFY23 on 27th Oct’ 22 whereby the company posted a Profit After Tax (PAT) of PKR 1,297mn (EPS: PKR 16.5), down by 76% YoY. The cutback in profits is mainly driven by lower sales revenue (-43% YoY), resulting in negative gross margins.… Continue

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The Global Mobile Broadband Forum 2022 hosted by Huawei

The Global Mobile Broadband Forum 2022 hosted by Huawei and organized together with its industry partners GSMA and GTI kicked off yesterday. The annual event gathers mobile network carriers, vertical industry leaders, and ecosystem partners from around the world to discuss how to make 5G a commercial success, as well as other high-priority industry topics like green development, intelligence, and 5G evolution.… Continue

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JazzCash and Paymob partner to expand digital payment acceptance in Pakistan

Paymob, the leading omni-channel payments facilitator in MENAP, and JazzCash, Pakistan’s leading Fintech and part of VEON Group, announce their partnership to expand digital payments acceptance in Pakistan. JazzCash mobile wallet payments will now be accepted by Paymob merchants and processed seamlessly through Paymob’s gateway.… Continue

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Millat Tractors has reported a consolidated 1QFY23 NPAT of PKR549mn

Millat Tractors Ltd (MTL) has reported a consolidated 1QFY23 NPAT of PKR549mn (EPS: PKR4.72), much lower than last year’s EPS of PKR12.47 and last quarter’s EPS of PKR8.22. The result came in lower than our estimated EPS of PKR5.85, where the deviation largely stemmed from lower-than-expected gross margin and higher distribution costs.       … Continue

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