WALEE, MENAP’s largest creator economy player, is thrilled to announce a landmark strategic move – the take over of operating rights for the Snack Video platform in Pakistan. This take over not only strengthens Walee’s position in digital content, live-streaming, AdTech, and gaming services but also revolutionizes the creator economy in the region. Muhammad Ahsan…
In a recent regulatory update, the Pakistan Telecommunication Authority (PTA) amends the SOPs governing the sale of mobile phones and SIMs. This revision is part of the regulatory body’s ongoing efforts to enhance transparency, security, and accountability in the mobile telecommunications sector. The amendments introduced by the PTA encompass various aspects of the process involved…
In a remarkable economic development, the mobile phone imports in Pakistan has witnessed an impressive surge of nearly 120% during the first half of the fiscal year 2024. This substantial increase in mobile phone imports is indicative of the dynamic consumer demand and the evolving technological landscape in the country. During the initial half of…
In a recent communication with the International Monetary Fund (IMF), Pakistan Tells IMF its intention to raise the key interest rate should there be a simultaneous occurrence of rupee depreciation and a surge in inflation. This strategic communication emphasizes Pakistan’s proactive approach to economic management, signaling its commitment to addressing potential challenges and maintaining financial…
In a recent development, Pakistan assures IMF of its dedication to maintaining a market-determined exchange rate. This commitment is a significant aspect of the ongoing collaboration between Pakistan and the IMF, aiming to stabilize the country’s economy, enhance financial transparency, and meet the conditions set forth in the IMF program. The assurance to maintain a…
In a noteworthy economic development, Pakistan’s textile exports have observed a decline of 5% in the first half of the fiscal year 2024. This decrease, as reported by industry analysts, raises concerns and calls for a closer examination of the factors contributing to this contraction in one of Pakistan’s key economic sectors. The textile industry…
In a rare move, the Lahore-based business fraternity will assemble at an event on the eve of International Day of Education to extend support to the noble drive of enrolling out-of-school children in Sindh. The non-profit Green Crescent Trust (GCT) is hosting the event at a hotel in Lahore to mark the International Day of…
Amidst significant anticipation, the Mobile Phone Installment Program is experiencing delays, disappointing many eager consumers who were eagerly awaiting the launch. The program, which generated substantial hype and expectations, aimed to provide an accessible and convenient avenue for individuals to acquire mobile phones through installment plans. However, unforeseen delays have pushed back the anticipated launch,…
In a noteworthy recognition, Jazz Mobile Broadband has been declared the fastest in Pakistan, as affirmed by Ookla’s Q4 2023 report. This accolade positions Jazz as a frontrunner in the competitive landscape of mobile broadband services in the country, reflecting its commitment to delivering high-speed and reliable connectivity to users. The Ookla Q4 2023 report…
Pakistan has embarked on discussions with the International Monetary Fund (IMF) to secure the final tranche of a $1.1 billion loan. This crucial financial negotiation is part of Pakistan’s ongoing collaboration with the IMF, aiming to address economic challenges, stabilize the financial landscape, and pave the way for sustained growth. The talks for the last…
