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Growth rate of 7pc essential to make a breakthrough in economic front

Pakistan will achieve seven percent growth rate by 2017-18 with aspiration to bring the investment to GDP ratio to 22 percent in the next three years as private sector will be encouraged to play its part in the development of the country. The World Bank expects Pakistan’s fiscal deficit to decline to 3.5 percent of the Gross Domestic Products (GDP) in financial year 2017 in a latest report unveiled. It …

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Telecom: A booming industry of Pakistan with promising and vibrant future

  Total revenues of Pakistan’s telecom sector have been raised to Rs452.8 billion in fiscal year 2016 as compared to Rs446 billion in fiscal year 2015. The telecom sector in Pakistan, besides the auto industry, is moving in fast path enjoying high demand as it contributed Rs157.8 billion to the national exchequer. Increasing is ongoing in several sectors in which IT and mobile companies are providing new services and the …

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Brunt of taxation on the ICT industry

  Many in the telecom industry have, for years now, been advocating for a reduction in the indiscriminately high telecom taxes. The 2016-17 budget in Pakistan got diverse reactions from the Information and Communication Technology (ICT) industry. It raised taxes on mobile phones. But there was good news for IT sector in the form of tax exemption on software exports with reasonably satisfactory budget for development projects. The government generated …

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Telecom: The most vibrant sector to allure foreign investment

  The telecom sector fetched more than $3.9 billion overall investment during last four years for which cellular mobile sector was the main driver behind this achievement. In terms of overall investment in telecom sector, the momentum started in fiscal year 2013 after the up-gradation of telecom networks by 3G and 4G services onward while telecom operators invested a significant amount of $589 million during July- March 2015-16. The availability …

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Mobilink microfinance bank first to offer internet banking solutions in Pakistan

  Interview with Mr Ghazanfar Azam – CEO, Mobilink Microfinance Bank Profile Ghazanfar Azam joined Mobilink Microfinance Bank (MMBL) formerly known as Waseela Microfinance Bank Limited as its President and Chief Executive Officer (CEO) in April 2012. Under his guidance, Waseela Microfinance Bank now operates 51 branches and 60,000 branchless banking agents offering micro loans, savings, domestic remittances, utility bill collection, mobile wallets, life insurance, G2P& B2P payments through a …

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Big Data: big risk, big return

  How ‘big’ is Big Data? This question is often confronted with a flurry of statistics. One out of every 3 people on earth has access to mobile internet. One out of every 5 has an active Facebook account. By 2020, the amount of data generated by the world will be 44 times the data generated in 2009. Clearly, there is no debate about the volume of data we are …

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YAHCLICK’ for Pakistan’s home and business users launched

  Service will help Pakistan accelerate its economic growth, social development by improving access to information technology Yahsat provides multipurpose satellite solutions (government and commercial) for broadband, broadcast, and communications use across the Middle East, Europe, Africa, Central and South West Asia. The company has recently launched its high speed internet service called ‘YahClick’ for Pakistan’s home and business users. UAE’s premier broadband satellite internet service provider, Yahsat is based …

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Taxation trouble for an upswing telecom sector

  Industry needs more innovative ideas and better customer services Telecom sector is playing a pivotal role in the growth of country’s economy in provisions of providing employment and attracting investment. The sector is making valid contribution to national exchequer despite facing deep taxes. As per estimates, total telecom investments in Pakistan will likely to reach $2.4 billion by 2020, while its revenue would cross Rs620 billion mark by the …

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Huawei has successfully emerged as the most trusted technology driven brand in Pakistan

  Interview with Mr. Fraz Malik Khan — Deputy General Manager, Huawei Pakistan Mr. Fraz Malik Khan is a Deputy General Manager at Huawei Pakistan. He is a man with passion and a leader with a vision in the telecom sector of Pakistan. In an interview Mr. Fraz Malik Khan said he started his career after graduation from the University of Leicester, UK, in International Marketing. “I joined Samsung as …

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PTA set to regulate mobile apps and OTT services

  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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