The entire scenario of trade and commerce has been transformed in the last twenty years or so. The e-commerce industry is without a doubt the most lucrative business of the 21st century. It had long ago shifted from the reluctant offline experience to the easier and comfortable immersion. Here everything could be bought or sold just by clicking a button. The global e-retail is in constant growth since 2014. In …
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Balochistan is largely an untapped telecom market with the lowest number of mobile phone users. In 2018, a dozen telecom projects were launched to deploy telecom network and services in the province. Today, the telecom operators are set to unleash the potential of the province with 46 percent of the 12.3 million population has no access to either mobile, wireless or a fixed line network. Universal Service Fund (USF), an …
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Though having the highest mobile penetration rate in South Asia, Pakistan still has huge potential in digital economy growth. Telenor Group recently released a new connectivity report based on five Asian countries where Telenor Group operates, including Pakistan, Myanmar, Thailand, Malaysia and Bangladesh. The report titled “The Mobile Effect: How Connectivity Enables Growth”, focuses on the impact of the telecom sector on the economies in the countries. The Telenor has …
Read More »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 …
Read More »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. However, in terms of protect consumer interest, PTA failed …
Read More »PTA is a bilateral agreement signed between two trading countries to trade certain products at reduced tariff and let go of them completely to ensure buyers of one country import from the other. Signing of PTA or FTA with any country will promote trade and foreign currency movement. The larger banks e.g. UBL, HBL , ABL, MCB and NBP are expected to lead the way with RMA arrangements to …
Read More »Mobile wallet accounts to cross 50 million in five years The State Bank of Pakistan has developed a strategy, in collaboration with the World Bank, to make a multifold surge in mobile account holders to over 50 million in the next five years, as branchless banking remains an effective channel to expand outreach of un-banked and under-banked people in the country. The governor State Bank of Pakistan Ashraf Mahmood …
Read More »The government vision for the growth of telecommunication sector is fighting fit, affordable as quality telecommunication services are being offered by open, competitive and well managed markets for the advantage of economy and society. The government has formulated a comprehensive ‘Pakistan Telecommunication Policy 2015’ and believed that it would spur socio-economic development and act as a catalyst towards achieving knowledge based society. The present government proclaimed that the telecommunication …
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