Paknewsbulletin

JazzCash to become the First Digital Wallet via Mastercard

JazzCash, a pioneering force in the fintech sector, is proud to announce its strategic collaboration with Mastercard, positioning itself as the first mobile wallet in Pakistan to bring tap-and-pay functionality and wallet tokenisation through Mastercard. The announcement made headwinds at Mastercard’s MENA East Business Forum, where JazzCash was recognised as “Mastercard’s First Digital Front-End Partner”,…

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Israel Intel

Israel Gives Intel Its Biggest Grant Ever Amid Hamas War

Despite ongoing tensions with Hamas, Israel government has controversially approved a $3.2 billion grant for Intel to establish a chip plant in southern Israel. Intel’s decision to invest in the facility is seen by critics as prioritizing global interests over local concerns and exacerbating geopolitical tensions. The substantial subsidy, constituting 12.8% of the total investment,…

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PTA Forms Committee

Government Crackdown on Non-PTA Phones

Government crackdown on Non-PTA phones suggest Recent developments reveal a surge in the smuggling of mobile phones into Pakistan, with law enforcement agencies pinpointing a substantial number of such devices entering the country through routes like Dubai. This illicit trade has resulted in significant financial losses, amounting to billions of rupees. The rise in mobile…

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SmartNet Private Limited

SmartNet Private Limited Forges Long-term Fiber Lease Agreement

SmartNet Private Limited, the distinguished technology arm of Capital Smart City and a key entity within the esteemed HRL Group of Companies, is delighted to announce the formalization of a groundbreaking Fiber Lease Agreement in consortium with esteemed partners One Network and Cybernet. This strategic collaboration marks a significant milestone, empowering SmartNet to seamlessly deliver…

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Microfinance Sector

Key Developments of Microfinance Sector in Pakistan

Explore the dynamic landscape of Pakistan’s microfinance sector in 2023, marked by shifts in major banks, acquisitions, mergers, and strategic exits. Delve into the sector’s resilience, challenges, and the entrance of new players, providing valuable insights into the future trajectory of microfinance in the country. The microfinance sector in Pakistan underwent significant transformations in 2023,…

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PTA 5G

3G/4G Users: November 2023 Witnesses a Drop of 0.51 Million

The latest data from the Pakistan Telecommunication Authority (PTA) reveals a decline in cellular subscribers, 3G/4G users, teledensity, and Next Generation Mobile Service (NGMS) penetration in November 2023 compared to October 2023. Explore the detailed breakdown of these changes, with a specific focus on major telecom operators like Jazz, Zong, Telenor, and Ufone. Stay informed…

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PTA Forms Committee

PTA addressed 98.9% of 14,471 Consumer Complaints

In November 2023, the Pakistan Telecommunication Authority (PTA) addressed 98.9% of the 14,471 consumer complaints lodged against various telecom operators, including cellular mobile operators (CMOs), PTCL, LDI operators, WLL operators, and ISPs. The data underscores the effectiveness of PTA’s consumer grievance resolution mechanisms, with a focus on enhancing the telecom user experience. Explore the breakdown…

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