PTCL Group Posts 3.2% revenue growth in Q1, 2022

Pakistan Telecommunication Company Limited (PTCL), the country’s leading telecom and ICT services provider, has announced its financial results for the quarter ended March 31, 2022, at its Board of Directors’ meeting held in Islamabad on April 13, 2022.  

During the first quarter of 2022, PTCL Group successfully managed to keep the topline growth momentum, which has further strengthened its market standing as an integrated telecom services provider in Pakistan.… Continue

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Zong new international roaming bundle for UAE

Zong 4G, Pakistan’s top cellular and digital services provider, has now released a new UAE International Roaming (IR) package for its prepaid customers, in order to meet their changing connectivity needs.

The UAE IR Bundle costs Rs 1,999+Tax and includes 120 minutes, 120 SMSs, and 2GB of data with a seven-day validity period.… Continue

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Supernet scrip oversubscribed on the first day of book building at GEM Board, PSX

Being the first IT company to be listed on the GEM Board of PSX, Supernet Limited received an overwhelming response from investors on the first day of its book building on 12th April. The book-buying would continue on 13th April (today) too.… Continue

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Auto sales see growth during Mar 22 in Pakistan

Despite the ongoing political turbulence and economic uncertainty, auto sales continued to increase by 25% MoM and 30% YoY to 27,131 units.

Despite the upward revision in car prices and rising inflation, car buyers’ interest remained alive, mainly on account of i) anticipation of further price hikes amid massive rupee devaluation and surge in cost of production, and ii) greater demand for locally assembled cars given the increasing cost of imported CBUs on the back of higher freight costs & commodity prices (especially steel), substantial currency depreciation, and imposition of a temporary ban on the financing of imported CBUs.… Continue

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Supernet Limited: Beyond connectivity subscribe at a floor price of Rs22.5/share

Supernet is one of Pakistan’s leading B2B telecommunications service providers, offering a full portfolio of local-to-global integrated communications infrastructure solutions to their non-consumer clients. Supernet is a fully owned subsidiary of Telecard Limited that offers a wide range of telecommunication and ICT/technology products and solutions mainly to their enterprise customers.… Continue

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Zong Partners with OPay to enhance availability of mobile recharge

Zong 4G, Pakistan’s cellular and digital services frontrunner, has joined hands with OP Digital Services Pvt. Ltd (OPay) to integrate the mobile top-up facility in OPay’s point of sale (POS) terminals.

Through this collaboration, OPay will ensure that customers have the availability of mobile recharge at more locations such as shopping malls, pharmacies etc.… Continue

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Ufone 4G gives unlimited calls & data with new post pay prime

Pakistani telecom operator, Ufone 4G in line with its commitment to enhancing the user experience of its valued consumers has introduced a unique post-paid product ‘Ufone Post Pay Prime’.

Owing to the growing demand for uninterrupted and seamless communication especially in terms of calls and data, including video streaming, calling, conferencing, messaging, socializing, and glitch-free gaming with the fastest 4G network, Ufone 4G through its latest Post Pay Prime package will provide a single solution with ease and convenience.… Continue

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realme 9 Pro+ takes massive tech leaps in its price segment

realme has an ever-expanding legacy of technological advancement, fighting for the popularization of 5G products around the world, as well as introducing technical innovation into its products to pass on value to the customers. The highly-anticipated, upcoming entrant to the realme 9 series, the realme 9 Pro+, is the perfect amalgamation of 5G popularization efforts and technological advancements.… Continue

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Jazz commits to increase female mobile broadband users, accelerates efforts to promote diversity & inclusion at the workplace

Aimed at enabling more women to access health, financial, and other life-enhancing services, Pakistan’s leading digital operator Jazz has committed with GSMA Connected Women initiative to increase the proportion of female broadband users on its network by 8% by the end of next year with a dedicated focus on female smart phone ownership.… Continue

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GameBird and Free Fire Pakistan League close a successful third season

GameBird, in collaboration with Garena Free Fire Pakistan League (FFPL), hosted a successful finale of the third season of the competition. The collaboration resulted in the biggest FFPL competition with a total prize pool of more than PKR 10 million. The event was attended by actors, influencers, and other notable personalities.… Continue

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Jazz shines at Effie Awards Pakistan 2022 with 5 awards

Pakistan’s leading digital operator Jazz has won five awards at the Effie Awards Pakistan 2022 held last night in Karachi. The company received three silver awards under the following categories: ‘Corporate Reputation’ category for its ‘Super Nahi Tou 4G Nahi’ campaigns showcasing the brand’s impact on creating an inclusive digital ecosystem, ‘Positive Change: Social Good – Brands (Services)’ category for its women’s day campaign, and ‘Seasonal Marketing (Services)’ category for its ‘Creating a Digital Pakistan’ campaign.… Continue

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Systems Limited expects growth in revenue from exports between 30% – 40% CY22l

The management of Systems Limited (SYS) held a Corporate Briefing Session on 1st Apr’22 to discuss the financial results for CY21 and future outlook:

 Brief Takeaways

·        To recall the company posted a consolidated profit after tax of PKR 4,380mn (EPS: PKR 32.41) in CY21 compared to PKR 2,164mn (EPS: PKR 16.17) in CY20, up by 2x YoY.… Continue

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Pakistan tractors industry faces challenges amid elevated commodity prices

Experts downgrade their stance on both Tractor stocks from Buy to Neutral, as margins are expected to remain under pressure amid elevated commodity prices `and an anticipated decline in wheat and other crops in FY23. In light of the present macroeconomic scenario, we now assume slower industry sales dragged by multiple price hikes, looming water shortage before the Kharif crop season, low fertilizer inventory and the threat of a GST hike in the FY23 Budget (without an offsetting subsidy for farmers).… Continue

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Zong Subscribers can now make international direct dialing bundles

In pursuit of service excellence and facilitating Pakistanis in every possible way, Zong 4G – Pakistan’s cellular and digital services leader – now provides its International Direct Dialing (IDD) subscribers to make their own IDD bundle.

Called ‘Zong IDD Mera Apna Bundle’, the offer allows Zong’s IDD users to create their own international direct dialling bundles initially for Saudi Arabia MOBILY Network Only, followed by more destinations to be made part of the offer for Zong 4G Subscribers.… Continue

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Mobile money industry processes record $1 Trillion in 2021

The GSMA has today published its 10th annual ‘State of the Industry Report on Mobile Money’. It reveals that mobile money adoption and use saw continued growth in 2021, processing a record $1 trillion annually. The industry enjoyed a substantial increase in the number of registered accounts, up 18% since 2020 reaching 1.35 billion globally.… Continue

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Ericsson Time-Critical Communication recognized by GTI as “Innovative Breakthrough in Mobile Technology”

Ericsson Time-Critical Communication was recognized at the recently concluded MWC 2022 event in Barcelona. The company is a recipient of the GTI Award 2022 for “Innovative Breakthrough in Mobile Technology” as well as the Outstanding Award for significant contribution to the industry.… Continue

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Zong 4G, Tracking World Partner to redefine in-vehicle infotainment in Pakistan

Pakistan’s leading cellular and digital services company, Zong 4G, has joined hands with Tracking World Pvt Ltd to offer state-of-the-art vehicle infotainment solutions for leading vehicle brands in Pakistan. Leading the digital innovation in the country, the partnership will bring new advanced solutions that will contribute to the digital transformation of vehicles in the country.… Continue

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IMC Wins the Corporate Social Responsibility Award 2022

Indus Motor Company (IMC) won the Corporate Social Responsibility Award for Corporate Community Programs for the year 2022, at the 14th Annual Corporate Social Responsibility Awards ceremony, hosted by the National Forum for Environment & Health (NFEH), at Islamabad. State Minister for Information & Broadcasting, Farrukh Habib, presented the award to IMC’s Saqib Abbas, Regional Manager.… Continue

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Savyour expands its reach through launch of in-store feature and Google Chrome Extension

Savyour, Pakistan’s first pay-per-sale affiliate marketing network and rewards platform, has rolled out its in-store feature to broaden its scope from e-commerce to the overall retail sector of the country. Simultaneously, they have also launched a Google Chrome Extension to provide users with further convenience while shopping online.… Continue

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Huawei releases 2021 annual report: Solid Operations, Investing in the Future

Huawei released its 2021 Annual Report today, revealing that the company had maintained solid operations throughout the past year. As per the report, Huawei achieved USD 99.9 billion in revenue in 2021, and USD 17.8 billion in net profits, an increase of 75.9% year-on-year.… Continue

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Pakistan’s auto sector performance during Oct-Dec’21

Since the resumption of economic activities following the COVID19 restrictions, the country’s automobile demand has grown dramatically, with total automobile sales volume increasing by 51% to 82,856 units. The tremendous growth of the agricultural, services, and industrial sectors and a large increase in commodity prices resulted in substantial cash inflows to the urban and rural populations, boosting disposable income and leading to increased automotive demand in the country.… Continue

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Oracle today announced the availability of Java 18

Oracle today announced the availability of Java 18, the latest version of the world’s number one programming language and development platform. Java 18 (Oracle JDK 18) delivers thousands of performance, stability, and security improvements, including nine enhancements to the platform that will further improve developer productivity.Continue

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Telenor Pakistan partners with Novo Nordisk to boost health access

Advancing its vision to empower societies across the nation, Telenor Pakistan has partnered with Novo Nordisk to raise health awareness across rural Pakistan. Under the partnership agreement, Telenor Pakistan will educate its Khushaal Watan (mAgri) users via SMS and Khushaal Zamindar live shows to create reliable diabetes awareness, its symptoms and the need for referral to the doctor.… Continue

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realme’s 9i, a new budget-friendly smartphone

Since its launch in Pakistan, the realme 9i has really shaken up the smartphone market. The mid-range smartphone is popular with users who value performance at an economical price. realme has held activities and giveaways around the country to allow people to drop by and experience realme 9i or participate in the activities and have a chance to win the new smartphone.… Continue

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Pak Suzuki Motor announced final cash dividend of Rs6.5/share

Pak Suzuki Motor Company (PSMC) announced its 4Q2021 financial results, where the company has posted profit of Rs489mn (EPS: Rs5.94) against profit of Rs1,221mn (EPS: Rs14.80) in same period last year. The result came lower than our expectation where the major deviation came from lower than expected gross margins.… Continue

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