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Xiaomi 12 Series Redefines Flagship Category

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Xiaomi today announced the launch of the all-new flagship Xiaomi 12 Series for local markets, featuring two groundbreaking devices: Xiaomi 12 Pro and Xiaomi 12. Designed to empower users around the world with a cutting-edge videography studio and entertainment powerhouse, Xiaomi 12 Series delivers impressive advancements in Xiaomi’s AI algorithm, flagship processing power, and an all-round elevated experience. 

Capture cinematic shots at any time 

Xiaomi 12 Series enables users to record studio-quality shots no matter the scenario, be it challenging lighting conditions or moving objects. Both phones boast a pro-grade triple camera array for versatile shooting, starring a massive 50MP main wide angle camera, with 8K recording capabilities on both Xiaomi 12 Pro and Xiaomi 12.  Xiaomi 12 Pro stands out with its state-of-the-art triple 50MP array, which features a cutting-edge Sony IMX707 ultra-large main sensor. This sensor is capable of catching large amounts of light and empowers advanced imaging capabilities with faster focus speeds and increased color accuracy. Xiaomi 12 features a 13MP ultra-wide angle camera, along with a 5MP tele macro camera, for filming life from different perspectives.  

Beyond impressive hardware, Xiaomi 12 Pro and Xiaomi 12 also advance Xiaomi’s proprietary AI algorithms. These innovations make it easier than ever for users to record every moment the way they want to, even in low-light or moving subjects. Xiaomi ProFocus intelligently identifies and tracks objects, preventing blurring or out-of-focus shots of moving or veiled subjects. These advancements also include eye and face auto focus capabilities. Ultra Night Video uses Xiaomi’s proprietary algorithms to record video even under extreme low-light, meaning moody, atmospheric shots are clearer than ever.  

Available on both devices, One-click AI Cinema offers numerous creative options for show-stopping video editing, such as Parallel World, Freeze Frame Video, and Magic Zoom modes. 

Flagship processing, unprecedented performance and power-efficiency  

Flagship experience requires flagship performance. Xiaomi 12 Series features advanced Qualcomm® Snapdragon™ mobile platforms. Xiaomi 12 Pro and Xiaomi 12 boast a Snapdragon® 8 Gen 1 processor – Qualcomm’s most advanced mobile platform. Built on a 4nm process, this processor also boosts GPU graphic rendering capabilities by 30% and energy efficiency by 25% when compared to the previous generation. Both three devices come with UFS 3.1 exceptional loading and data transfer speeds, along with LPDDR5 RAM for memory speeds up to 6,400Mbps. For optimal product experience, Xiaomi 12 Series packs a high-performing cooling system, bolstered by a super-large vapor chamber and multiple layers of graphite to offer a leadingcooling capability. 

All-around elevated entertainment experiences 

Xiaomi 12 Series not only lets users capture every moment in exquisite detail, but also allows them to relive those moments in astonishing detail via an exceptional entertainment experience.  Both devices offer vivid viewing on an AMOLED Dot Display rated A+ by DisplayMate, and with TrueColor support. For added peace of mind, the display features scratch-resistant Corning® Gorilla® Glass Victus®, and supports Dolby Vision®, industry’s leading imaging technology that brings your content to life with vibrant color and details. Xiaomi 12 Series also supports HDR 10+. Xiaomi 12 Pro is SGS Eye Care Display Certified, showing care for users’ long-term visual health during marathon sessions.  

Meanwhile, Xiaomi 12 Pro redefines flagship display with incredibly smooth viewing, scrolling, swiping, and sliding. The device’s highly power-efficient 6.73-inch WQHD+ display leverages AdaptiveSync Pro to intelligently adjust dynamic LTPO display between 1Hz and 120Hz based on content. 

Xiaomi 12 delivers Xiaomi’s most colorful smartphone display to date, with more than 68 billion colors on 6.28-inch full-HD+ displays. Both feature 120Hz AdaptiveSync, for an impressively high-definition, vibrant, and flicker-free display that conveys every detail.  

 No cinematic experience is truly complete without pro-grade audio. Xiaomi 12 Series features SOUND BY Harman Kardon, and creates an immersive audio experience powered by Dolby Atmos®, delivering spatial sound with rich detail, clarity, and realism across all your favorite entertainment. Xiaomi 12 Pro’s quad speakers – in the form of two tweeters and two woofers – deliver clear details and cover an astounding range of sound. Xiaomi 12 delivers balanced stereo sound ideal for immersive gaming or video.  To optimize core user experience further, Xiaomi 12 Series incorporates MIUI 13, released globally earlier this year. The update includes faster storage, higher background process efficiency, smarter processing, and longer battery life. New features in the upgraded experience include Xiaomi’s proprietary Liquid Storage, Atomized Memory, Focused Algorithms, and Smart Balance. 

Next-generation charging 

Xiaomi 12 Series delivers pro-grade cinematic and entertainment experiences all day, the devices deliver next-level charging speed and safety.  

 Xiaomi 12 Pro features an incredibly fast 120W Xiaomi HyperCharge. With a 4,600mAh battery fully charged in just 18 minutes using Boost mode, Xiaomi 12 Pro delivers next-generation charging capabilities that keep up with user demands.  Xiaomi 12 fits a 4,500mAh battery into compact body designs. Xiaomi 12 Pro and Xiaomi 12 also support 50W wireless charging and 10W reverse charging.  Both leverage Xiaomi AdaptiveCharge, a smart charging algorithm that learns and adapts to charging habits, which prolongs battery life. 

Flagship capabilities packaged in an iconic design  

These portable pocket-sized studios fit comfortably in the palm of your hand thanks to Xiaomi 12 Series’ iconic and user-centered design. Slimmer high-capacity batteries and a narrower ridge gap save precious space within the device. Xiaomi 12 Pro’s 6.73-inch display is encased in a sleek middle frame with sophisticated 3D curves. Meanwhile, Xiaomi 12’s 6.28-inch display measures just 69.9mm in width and is accented by smooth curves for a perfect fit. Both devices are available in Gray, Purple, and Blue. 

Market Availability   

Xiaomi 12 Pro comes in one variant 12GB+256GB, and recommended retail price starts from PKR 208,999/-.

Xiaomi 12 comes in one variant, 12GB+256GB, and recommended retail price starts from PKR 179,999/-.

Purchase these devices and get a sweet bundle deal where you get a Mi Band 6 and a bag with the Xiaomi 12. Similarly with the Xiaomi 12 Pro, get a Mi Portable Bluetooth Speaker and a 10000mAh Mi Power Bank 3.  Available at top distributor partners such as Phonezo, Airlink, Smartlink etc. For those looking to purchase these online, we’ve news for you  too as these are also available on MiStore and Daraz. 

Quick Specs:

 Xiaomi 12Xiaomi 12 Pro
Display120Hz +  AMOLED DotDisplay120Hz 6.73” AMOLED Dot Display 
Rear Camera50MP main camera 13MP ultra-wide camera 2MP macro camera 5MP depth camera50MP wide angle, ultra-wide and tele macro camera
Front Camera32MP32MP in-display selfie camera
Dimension & Weight152.70mm x 69.90mm x 8.16mm – 180g163.60mm x 74.60mm x 8.16mm 205g
ProcessorSnapdragon ® 8 Gen 1Snapdragon ®r 8 Gen 1
Charging4500mAH – 67W charge4600mAH – 120W charge
Variant12GB + 256GB12GB + 256GB
Color AvailableGray, Purple & BlueGray, Purple & Blue

About Xiaomi Corporation  

Xiaomi Corporation was founded in April 2010 and listed on the Main Board of the Hong Kong Stock Exchange on July 9, 2018 (1810.HK). Xiaomi is a consumer electronics and smart manufacturing company with smartphones and smart hardware connected by an IoT platform at its core.  

Embracing our vision of “Make friends with users and be the coolest company in the users’ hearts”, Xiaomi continuously pursues innovations, high-quality user experience and operational efficiency. The company relentlessly builds amazing products with honest prices to let everyone in the world enjoy a better life through innovative technology.  

Xiaomi is one of the world’s leading smartphone companies. The company’s market share in terms of smartphone shipments ranked no. 3 globally in the third quarter of 2021. The company has also established the world’s leading consumer AIoT (AI+IoT) platform, more than 400 million smart devices connected to its platform as of September 30, 2021, excluding smartphones and laptops. Xiaomi products are present in more than 100 countries and regions around the world. In August 2021, the company made the Fortune Global 500 list for the third time, ranking 338th, up 84 places compared to 2020.  

Xiaomi is a constituent of the Hang Seng Index, Hang Seng China Enterprises Index, Hang Seng TECH Index and Hang Seng China 50 Index. 

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TECNO to launch its new Spark phone in Pakistan soon

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TECNO to launch its new Spark phone in Pakistan soon

After massive success in the Pakistani Mobile market, TECNO is rumored to be preparing for a new addition to its Spark series. The globally eminent smartphone brand TECNO has been working tirelessly in Pakistan for quite some time now. The brand has brought forward some great phones over the years with advanced technologies, pocket-friendly prices, and stylish designs. 

Spark is TECNO’s famous mid-range series, bringing you quality devices at lower prices. Spark 8C is an entry mobile that is expected to be around PKR 19,499 to PKR 22,999. The price is not confirmed yet but we are expecting it around this segment. The phone is going to be a stunner in this range with Stylish Design and great Battery.

According to sources, Spark 8C will be equipped with better memory and memory fusion features than any other phone in this range. Memory Fusion Technology is specially designed to channel RAM operations by using unused read-only memory (ROM). This means it can expand the memory of 4+128GB to 7+128GB and that of 3+64GB into 6+64GB maximum. The RAM can be updated or expanded from 3GB to 6GB and 4GB to 7GB depending on the variant. If this is true, then Spark 8C shall be the only smartphone to provide such an amazing feature with 128GB in such an affordable price range.

Moreover, the phone is anticipated to provide efficient performance with a powerful processor and big battery. The 90Hz refresh rate, great display, and handy body design will make it a user-friendly device. The phone is expected to launch somewhere in mid-March 2022. Furthermore, the phone is being assembled in Pakistan to make it economical and pocket-friendly for the local consumers. 

So, fingers crossed for this new Spark device to be soon launched in Pakistan. Stay tuned for more updates and much more about tech!

Jazz appoints Atyab Tahir as CEO JazzCash

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Jazz appoints Atyab Tahir as CEO JazzCash

Jazz, Pakistan’s leading digital operator (part of VEON Group NASDAQ: VEON, Euronext Amsterdam: VEON), announces the appointment of Atyab Tahir as the CEO of JazzCash effective May 1 2022.

Atyab, currently serving as Country Manager MasterCard Pakistan & Afghanistan, has over two decades of international experience in banking and consulting. Atyab has also held senior positions at Fidelity Investments, HBL, Telenor Bank and easypaisa. He holds a BA from Dartmouth College and an MBA from Babson College.

Commenting on Atyab’s appointment Aamir Ibrahim, CEO, Jazz  said: “While mobile phones and payment solutions have accelerated financial inclusion in the country, a significant portion of Pakistan’s adult population remain unbanked. I am confident that under Atyab’s dynamic leadership JazzCash will help boost financial inclusion across the board through innovative and customer-centric products.”

JazzCash is at the forefront of Pakistan’s digital revolution processing more than 5 million transactions every day and accounting for almost 7% of Pakistan’s GDP. Our aim is to build a world-class fintech serving every single Pakistani, from youth, SMEs, freelancers, with a very strong focus on the unbanked and the underbanked. I look forward to joining the Jazz family and collaborating with our partners in the telecommunications and financial services sector to unlock the true potential of Digital Pakistan.” said Atyab.

A division of Jazz, JazzCash has grown rapidly to become a leader in the country’s marketplace for digital financial services. As shown in VEON Group’s FY21 results that were released on 28 February 2022, JazzCash has 15.2 million monthly active users (+24.9% YoY) and 130,800 monthly active merchants (up by 2.3 times YoY). 

Jazz appoints Atyab Tahir as CEO JazzCash.

vivo V23 5G — The Best in Camera, Technology, Performance and Appearance

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Due to the constant development in the technology space for smartphones, there is always hype surrounding any new ‘firsts’ in the market. There is always excitement as to what will be introduced and how well it will be accepted by the audience. 

Keeping this in mind, Vivo’s latest smartphone vivo V23 5G finds itself in a similar situation. The day it was announced, it received a lot of attention for its color-changing design. The design itself represents a significant advancement in smartphone research and design. Making smartphones not only technologically superior but also cosmetically superior is a step forward.

The continual excitement and experience since the smartphone’s launch has not only solidified its market position but also demonstrated that it is a well-balanced phone that isn’t only focused on aesthetics.

Delving more into the device, the vivo V23 5G dons a high-resolution 50MP AF Portrait Selfie camera on the front. This device focuses heavily on the selfie experience which makes it stand out in the market. The latest ISOCELL 3.0 technology helps the camera increase light sensitivity to capture a more crystal-clear picture for the user. Furthermore, the Eye Autofocus feature enables the users to be the center of attention while clicking the picture as the camera focuses on the user, even if they are in motion. 

The dual front camera system offers a much larger field of view with the help of its 8MP Super Wide-Angle Camera. Furthermore, with modes like the AI Extreme Night Portrait mode, the front camera delivers an unparalleled experience in this price range. The phone also sports a 64 MP main rear camera with an 8MP wide-angle lens and a 2MP Macro that can handle wide natural landscapes very easily. The user experience is further increased with features like the Super Night Mode, Bokeh Flare Portrait, and Ultra Stabilization. It is only right to say that both, the front camera and the rear camera together offer a device that is picture-perfect. 

When it comes to the visual and performance aspects of this phone, there’s no doubt that it’s the best of what vivo has to offer. vivo has always been on the cutting edge of device design and aesthetics. It’s also fair to say that Vivo takes pride in its technological advancements and innovations. Every device that vivo introduces exemplifies this completion.

V23 5G brings out the result of Vivo’s extensive research which is the Color Changing Fluorite AG Design. This material changes its color upon exposure to ultraviolet light and after about 30 seconds under the sun. This switch goes back to normal once the phone is out of sun exposure. Talking more about the appearance of the device, it is the combination of the Metal Flat Frame Design and the Color Changing Fluorite AG Design that gives the device the aesthetic appeal that has been the talk in the industry for a while now. 

All these powerful features that the phone flaunts are powered by the powerful MediaTek Dimensity 920 processor. This processor offers powerful performance and a fast user experience. The Extended RAM 2.0 further enhances the user experience with its versatile features to expand RAM when required. The 90Hz refresh rate display, a Liquid Cooling System, and Ultra Game Mode make it possible for users to enjoy super smooth gameplay performance. This experience is mutually assisted by the 4200mAh battery that features a 44W FlashCharge that helps in interrupted experience and performance. 

To summarise it all, the vivo V23 5G is a proud and well-balanced device that fulfills the requirements of every smartphone enthusiast whether it is for work, casual, or professional usage.

 

Tech Giant XIAOMI launches anticipated Redmi Note 11 Pro – Packing major upgraded to hardwares & software!

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Xiaomi announced the Redmi Note 11 Pro for Pakistani markets, pushing forward the legacy of the Redmi Note series with two all-new devices: Redmi Note 11 Pro and Redmi Note 11. Rising to the challenge to bring even stronger specs and features, Redmi Note 11 series packs powerful upgrades to its camera system, charging speed, display, and SoC—making flagship-level smartphone performance more accessible than before. All this available in a bundle deal, with Redmi Buds 3 completely free.

Flagship-level 108MP quad camera to deliver outstanding photography

Boasting a rear quad camera setup, Redmi Note 11 Pro delivers an outstanding photography experience with zero compromise. Its 108MP main camera captures stunning images in high-resolution and vivid colors; an 8MP ultra-wide angle camera extends your perspective with a 118-degree viewing angle; a 2MP macro camera that captures fine details up close and a 2MP depth sensor that’s for capturing more natural looking portrait shots. Accenting the front of the phone is a 16MP front camera that can capture clearer and natural-looking selfies. The 108MP pro-grade main camera utilizes the Samsung HM2 sensor with a large sensor size at 1/1.52 inch, and supports 9-in-1 pixel binning technology as well as a dual native ISO to deliver incredible images in all lighting conditions, with spectacular results especially in dim light.

120Hz FHD+ AMOLED DotDisplay packed into trendy flat-edge body

Featuring a large 6.67′ FHD+ AMOLED DotDisplay with 120Hz display refresh rate, Redmi Note 11 Pro levels up the screen experience with smooth scrolling response and lag-free transitions. The beautiful display is packed into a body with a trendy flat-edge design. Plus, with the dual super linear speakers located at the top and bottom of the phone, Redmi Note 11 offers immersive stereo sound for gaming or watching videos.

Performance powered by 67W turbo charging and MediaTek Helio G96

Redmi Note 11 Pro comes with flagship 67W turbo charging, allowing you to charge up

to 51% of its 5,000mAh high capacity battery in just 15 minutes Powered by MediaTek Helio G96, Redmi Note 11 Pro also delivers a smooth and seamless performance.

Market availability:

Redmi Note 11 Pro comes in two variants – 6GB+128GB, and 8GB+128GB and are available at top distributor partners such as Phonezo, Airlink Communication, Smartlink and Tech Sirat. For those looking to purchase these online, we’ve news for you  too as these are also available on MiStore.

Redmi Note 11 Pro

6GB+128GB: PKR 51,999/-

8GB+128GB: PKR 59,999/-

Redmi Note 11 Quick Specs:

 Redmi Note 11
Display120Hz  6.67” FHD+ AMOLED DotDisplay
Rear Camera108MP main camera 8MP ultra-wide camera 2MP macro camera 2MP depth camera
Front Camera16MP in-display front camera
Dimension & Weight164.19mm x 76.1mm x 8.12mm 202g
ProcessorMediaTek Helio G96
Charging5,000mAh (typ) battery Supports 67W wired Pro fast charging
Variant6GB+128GB, 8GB+128GB
Available ColorGraphite Gray, Polar White, Star Blue

The Redmi Note 11 Pro is available at PKR 51,999/- for the 6+128GB variant and PKR 59,999/- for the 8+128GB variant. A bundle deal with Redmi Buds 3 absolutely free!

About Xiaomi Corporation

Xiaomi Corporation was founded in April 2010 and listed on the Main Board of the Hong Kong Stock Exchange on July 9, 2018 (1810.HK). Xiaomi is a consumer electronics and smart manufacturing company with smartphones and smart hardware connected by an IoT platform at its core.

Embracing our vision of “Make friends with users and be the Coolest Company in the users’ hearts”, Xiaomi continuously pursues innovations, high-quality user experience and operational efficiency. The company relentlessly builds amazing products with honest prices to let everyone in the world enjoy a better life through innovative technology.

Xiaomi is one of the world’s leading smartphone companies. The company’s market share in terms of smartphone shipments ranked no. 3 globally in the third quarter of 2021. The company has also established the world’s leading consumer AIoT (AI+IoT) platform, more than 400 million smart devices connected to its platform as of September 30, 2021, excluding smartphones and laptops. Xiaomi products are present in more than 100 countries and regions around the world. In August 2021, the company made the Fortune Global 500 list for the third time, ranking 338th, up 84 places compared to 2020.

Xiaomi is a constituent of the Hang Seng Index, Hang Seng China Enterprises Index, Hang Seng TECH Index and Hang Seng China 50 Index.

Ufone celebrates 18th anniversary

Islamabad: Pakistani Telecom Company, Ufone celebrated its 18th anniversary at Ufone Tower, Islamabad, and in other offices across the country with great zeal. Eighteen years of commercial operations reaffirm Ufone’s commitment to ensure seamless communication for all its customers.

The cake cutting ceremony was attended by the entire U Family, including the President and CEO Ufone, Rashid Khan, along with members of the executive management team.

Employees participated in interactive activities which included a quiz competition and scrumptious refreshments.

 

With a growing customer base every year, and excellent retention, Ufone has proven to be the preferred choice among all telecom providers.

Ufone’s branding philosophy always focuses on customer’s convenience – keeping this as the baseline for everything that Ufone does or plans to do in future.

Huawei At ONS 2016 Outshines With SDN Idol Award

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    Huawei At ONS 2016 Outshines With SDN Idol Award

    Lahore: 15 April, 2016: – The master technology manufacturer and solutions provider, Huawei, has marked 2015 as the year of Huawei. Similarly, this year, even with the very beginning Huawei has achieved astonishing growths targets and popularity in the consumer market and at the events of competitions or awards.

    IMG 01 Recently, Huawei has impressed the judges at the OSN 2016.

     

    Huawei has been awarded with the SDN Idol award in recognition of Huawei’s new Open Network Operating System-based transport software. During the competition, other technology manufacturer, but Huawei outshines among them. The said event was enlightened by the Huawei ONOS-based transport super controller using ONF T-API standard interference model to  deliver the best results of end to end transport topology.Huawei was also a luminary sponsor of the said ONS 2016 event and it was selected among the four finalists in a rack called demo track. Although among the big names of the competiton were Cavium, HP enterprise and PlumGrid. Despite of such a cpetition Huawei has successfully outshines among the customers.

    It is important to note that Huawei has been invading every field of the life and providing best available products and innovative technological solutions to the world. GM for Huawei devices section in Pakistan, -Mr.Shawn said, “It’s been truly an honor for Huawei to out beat the competitors and became the top brand in the market.” It is also to be noted that Huawei has earned so much fame and reputation

    Pakistan Secures Second $1 Billion Deposit from Saudi Arabia, Confirms SBP

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    Major Financial Boost Strengthens Pakistan’s External Position

    Pakistan has received the second tranche of $1 billion from Saudi Arabia as part of a broader $3 billion financial support arrangement, providing much-needed relief to the country’s external sector. The central bank confirmed that the funds were transferred on April 20, completing the full disbursement of the agreed package within a short timeframe.

    The latest inflow follows the earlier receipt of $2 billion, which arrived just days prior, demonstrating a rapid and coordinated effort to strengthen Pakistan’s financial stability. This development comes at a critical moment when the country is navigating ongoing economic challenges, including pressure on foreign exchange reserves and external debt obligations.

    The completion of the full $3 billion deposit package reflects continued financial cooperation and trust between the two nations. It also underscores the importance of strategic partnerships in helping Pakistan maintain economic balance during periods of fiscal strain.

    Impact on Foreign Exchange Reserves

    The arrival of the second $1 billion tranche is expected to significantly bolster Pakistan’s foreign exchange reserves. These reserves play a crucial role in maintaining the country’s ability to meet international payment obligations, stabilize the national currency, and support imports of essential goods such as fuel and food.

    In recent months, Pakistan has faced persistent pressure on its reserves due to high external debt repayments, trade imbalances, and global economic uncertainties. The additional funds provide a buffer that enhances the country’s financial resilience and reassures markets about its ability to manage short-term liabilities.

    A stronger reserve position also helps improve investor confidence, which is vital for attracting foreign investment and ensuring smoother access to international financial markets. The timely inflow of funds sends a positive signal to stakeholders about Pakistan’s ongoing efforts to stabilize its economy.

    Support Amid Growing External Financing Needs

    Pakistan continues to rely on financial assistance from friendly nations and international institutions to manage its external financing requirements. The latest deposit comes at a time when the country is dealing with significant repayment obligations, including a large outflow to the United Arab Emirates.

    These financial commitments place additional strain on reserves, making external support crucial for maintaining stability. The $3 billion deposit package serves as a strategic tool to ease immediate pressures and create breathing space for policymakers to implement longer-term economic reforms.

    The government has been actively engaging with international partners to secure funding, restructure debts, and strengthen fiscal discipline. This latest support aligns with those efforts and highlights the role of bilateral cooperation in addressing economic challenges.

    Long-Term Commitment from Saudi Arabia

    In addition to the recently completed $3 billion deposit, Saudi Arabia has indicated its willingness to extend further financial support. Authorities have confirmed that an additional $3 billion in deposits is expected to be provided, signaling a deepening of financial ties between the two countries.

    Moreover, an existing $5 billion deposit will now remain in place for a longer duration rather than being rolled over annually. This shift provides greater stability and predictability for Pakistan’s financial planning, as it ensures continued access to a significant reserve buffer over the coming years.

    Such long-term commitments are particularly valuable for countries facing recurring balance-of-payments challenges. They allow policymakers to focus on structural reforms rather than short-term crisis management, ultimately contributing to sustainable economic growth.

    Historical Context of Financial Cooperation

    Saudi Arabia has consistently played a pivotal role in supporting Pakistan during times of economic difficulty. Over the years, the partnership has evolved into a multifaceted relationship encompassing financial assistance, energy cooperation, and investment initiatives.

    In 2018, Saudi Arabia announced a comprehensive assistance package that included both direct deposits and deferred oil payment facilities. These measures helped Pakistan manage its external account pressures and stabilize its economy during a challenging period.

    Since then, financial cooperation has continued through various mechanisms, including deposits with the central bank and support for energy imports. This ongoing partnership reflects a shared commitment to economic stability and mutual growth.

    Strengthening Balance of Payments Stability

    One of the primary objectives of the Saudi deposit is to support Pakistan’s balance of payments. The balance of payments is a critical economic indicator that tracks the country’s transactions with the rest of the world, including trade, investments, and financial transfers.

    A deficit in the balance of payments can lead to a depletion of reserves and increased vulnerability to external shocks. By providing direct financial support, Saudi Arabia is helping Pakistan bridge this gap and maintain stability in its external accounts.

    The deposit also reduces the immediate need for costly borrowing from international markets, which can carry higher interest rates and stricter conditions. This, in turn, helps manage debt levels more effectively and reduces financial risks.

    Economic Challenges and the Path Forward

    Despite the positive impact of the recent inflows, Pakistan continues to face significant economic challenges. These include high inflation, fiscal deficits, and structural inefficiencies that limit growth potential.

    Addressing these issues requires a comprehensive approach that combines financial support with policy reforms. The government has been working on measures to increase revenue collection, reduce unnecessary expenditures, and promote exports.

    In addition, efforts are being made to improve the business environment and attract foreign investment. These initiatives aim to create a more sustainable economic model that reduces reliance on external assistance over time.

    Role of Strategic Partnerships

    The ongoing financial support highlights the importance of strong bilateral relationships in navigating economic uncertainties. Strategic partnerships provide not only financial resources but also opportunities for collaboration in areas such as trade, energy, and infrastructure development.

    For Pakistan, maintaining and expanding these partnerships is essential for achieving long-term economic stability. By fostering mutual trust and cooperation, the country can secure the support needed to implement reforms and drive growth.

    At the same time, diversifying sources of funding and strengthening domestic economic fundamentals remain key priorities. A balanced approach that combines external support with internal reforms will be critical for ensuring sustainable progress.

    Market Confidence and Investor Sentiment

    The receipt of the second $1 billion tranche is likely to have a positive impact on market sentiment. Financial markets closely monitor developments related to foreign exchange reserves and external financing, as these factors influence currency stability and investment decisions.

    An increase in reserves can help stabilize the national currency by reducing volatility and enhancing confidence among investors. It also signals that the country has the resources needed to meet its obligations, which can improve credit ratings and reduce borrowing costs.

    For businesses and investors, such developments create a more predictable economic environment, encouraging investment and economic activity. This, in turn, contributes to overall growth and development.

    Conclusion: A Step Toward Stability

    The completion of the $3 billion deposit package marks an important milestone in Pakistan’s efforts to strengthen its economic position. The timely receipt of funds provides immediate relief to the external sector while reinforcing confidence in the country’s financial management.

    However, sustained progress will depend on the successful implementation of structural reforms and prudent economic policies. External support can provide a temporary cushion, but long-term stability requires addressing underlying challenges and building a resilient economic framework.

    As Pakistan moves forward, the combination of international cooperation and domestic reform will play a crucial role in shaping its economic future. The recent financial support serves as both a lifeline and an opportunity to pursue lasting stability and growth.

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    VEON’s Mobilink Bank Becomes First Microfinance Bank Globally to Join the GSMA Connected Women Commitment Initiative

    VEON Ltd. (NASDAQ: VEON, Euronext Amsterdam: VEON), a global digital operator that provides converged connectivity and online services, today announces that Mobilink Microfinance Bank Ltd. (MMBL), its banking operation in Pakistan, has signed up to the GSMA’s Connected Women Commitment Initiative, becoming the first microfinance bank, globally, to do so.

     

    The GSMA Connected Women Commitment Initiative was set up in 2016 to accelerate digital and financial inclusion for women across Africa, Asia, and Latin America. Since the inception of the Commitment Initiative, over 40 mobile operators have made formal commitments and have collectively reached over 55 million additional women with mobile internet and mobile money services.

     

    MMBL will leverage its extensive operations across Pakistan, with more than 16 million monthly active customers across Pakistan, 100+ branches, and over 200,000 branchless banking agents, to further the aim of the GSMA’s Connected Women Commitment Initiative by encouraging the adoption of digital technology amongst women, to foster their financial inclusion.

     

    It will run various programs to deliver tailored offerings to increase the percentage of female customers and reach more and more women across Pakistan with digital financial services. The Bank aims to increase the proportion of female customer base by 15%, adding 600,000 customers by 2025.

     

    “Female microentrepreneurs are key to Pakistan’s successful future and the GSMA is rightly focusing on them,” states Kaan Terzioglu, CEO of VEON Group. “The adoption of mobile technology and the use of digital operator services has the power to transform entire sectors of society and bring prosperity to millions. Through its existing strong relationships with women across Pakistan, and its close relationship with Jazz Pakistan- our telco arm, MMBL is perfectly positioned to deliver on the ambitions of the GSMA’s Connected Women Commitment Initiative.”

     

    MMBL joins several mobile operators from around the world who have committed to reducing the gender gap in the customer base of their mobile internet or mobile money services. This commitment also builds on VEON’s strong track record on diversity in the country; Jazz Pakistan, was recently announced as the best Gender Inclusive Workplace in the UN Women Asia Pacific WEP Awards and received seven awards at the Global Diversity, Equity & Inclusion Benchmark Awards.

     

    “MMBL operates in most of the rural and urban regions across Pakistan to foster financial inclusivity and bring economic empowerment to people. Our partnerships extend that mandate to include digital inclusion and we see connectivity as being on par with access to finance, as a key driver of economic progress,” explains Sardar Mohammad Abubakr, Chief Operating Officer of MMBL. “Empowering female customers/entrepreneurs is on top of our mantra, as including this significantly impactful segment will ensure sustainable growth for all and we continue to further this ambition of ours through this commitment with GSMA.”

     

    About VEON

    VEON is a NASDAQ and Euronext Amsterdam-listed global provider of connectivity and digital services. Our companies are transforming lifestyles through technology-driven services that empower opportunity in some of the world’s fastest-growing emerging markets. For more information, visit: https://www.veon.com

     

    About Mobilink Microfinance Bank Ltd.

    Mobilink Microfinance Bank Ltd. is providing banking services to over 42 million registered users including 16+ million monthly active customers across Pakistan. With a hybrid model that combines traditional microfinance with mobile/digital banking technologies, the bank now operates with over 100 branches and 200,000 branchless banking agents and provides a USSD (GSM) based digital channel offering savings, micro enterprise (MSME) loans, small housing loans, remittances, collection (utility bills and loan installments), mobile wallets, insurance, G2P, B2B & B2P payments; thus, playing a leading role in the promotion of financial inclusion.

     

    About GSMA

    The GSMA is a global organisation unifying the mobile ecosystem to discover, develop and deliver innovation foundational to positive business environments and societal change. Our vision is to unlock the full power of connectivity so that people, industry, and society thrive. Representing mobile operators and organisations across the mobile ecosystem and adjacent industries, the GSMA delivers for its members across three broad pillars: Connectivity for Good, Industry Services and Solutions, and Outreach. This activity includes advancing policy, tackling today’s biggest societal challenges, underpinning the technology and interoperability that make mobile work, and providing the world’s largest platform to convene the mobile ecosystem at the MWC and M360 series of events.

    We invite you to find out more at gsma.com

    Further information on the Connected Women Commitment Initiative can be found at: https://www.gsma.com/mobilefordevelopment/connected-women/the-commitment/

    OPPO Launches its all new A95 Smartphone with a Remarkable Design

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      OPPO, a leading global smart device brand, today announced the launch of its latest A series smartphone – OPPO A95 – in Pakistan. Continuing the characteristic features of the OPPO A series, A95 empowers users through powerful technology and stylish design, to address young and sophisticated users’ needs for smarter everyday communications. OPPO A95 is now available to purchase across Pakistan for PKR 41,999/- only. 

      OPPO A95 comes equipped with a large 5000mAh battery and 33W Flash Charge to ensure longer battery life and usage time. Stylishly finished using the unique OPPO Glow design, the smartphone is not only gorgeous to look at, but comfortable to use and highly durable. It also features an AMOLED FHD+ display with All-day Eye Care to deliver a better viewing experience.

      Powered by the Qualcomm® SnapdragonTM 662 platform, OPPO A95 delivers a smooth and efficient user experience at all times. This is further enhanced by System Booster, a suit of system-level optimizations that ensure the phone runs seamlessly. OPPO A95 also comes with an 8GB RAM+128GB ROM configuration, and RAM Expansion technology, allowing it to convert unused ROM storage into RAM when manually enabled. 

      OPPO A95 comes with a large 5000mAh battery and 33W Flash Charge, which can reach a full charge in 72 minutes. With a 5-minute charge, users can enjoy 1.8 hours of YouTube video viewing and 5.7 hours of voice calls. 

      For photos and videos, OPPO A95 features a 48MP Triple-camera Set-up on the back of the device. With A95’s 16MP front camera and OPPO’s AI Beautification and Front Night Mode features, it’s now much easier to take more defined selfies. 

      Moreover, the entire phone is manufactured to be both dustproof and waterproof, with an IPX4 rating. It has also been tested for durability by being put through a series of rubbing tests against a range of common household materials designed to simulate everyday wear.

      OPPO A95 is available in two stylish colors: Glowing Rainbow Silver and Glowing Starry Black. Both models feature OPPO’s exclusive OPPO Glow design, which gives the back cover of the phone a subtle shimmering appearance, creating a dual matte finish with glittery details. The phone’s cover feels ultra-fine and smooth to hold, and it is also fingerprint-resistant, scratch-resistant, wear-resistant, and fire-resistant, helping users to keep the phone spotless and free from wear and tear.

      OPPO A95 features a 6.43-inch display with a 90.8% ultra-high screen-to-body ratio and a high 2400×1080 resolution. Even with the large 5000mAh battery, the phone still comes in at just 7.95 mm thin and weighs only 175 g.

      ColorOS 11.1 on OPPO A95 provides the foundation for an efficient and convenient user experience, helping to improve everyday productivity for all kinds of tasks. FlexDrop, for example, ensures smooth multi-task among different apps through resized windows. Additionally, features like Game Space, Game Assistant, Game Focus Mode and Bullet Notifications all contribute to creating a fully-immersive and interruption-free gaming experience.

      As the newest member of the OPPO A series, OPPO A95 is packed with a series of innovations in both hardware and software, combining high-efficiency performance with eye-catching design to meet a diverse range of everyday needs. 

       

      Punjab’s traders to protest against tax on bank transactions

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        Traders all over Pakistan have announced to protest against withholding tax on Monday.

        Traders have announced to withdraw all their savings if the decision is not taken back. They have announced to observe shutter down in several cities including Lahore.

        Protest against tax (6)

        Trader community is in uproar against the implementation of withholding tax. In a public gathering by the traders in Karachi, they delayed a strike which had been previously announced on Monday.

        KARACHI, PAKISTAN, JUL 06: Traders are protesting as they the traders are demanding to  withdrawal of 0.6% tax on banking transactions, during a demonstration at Karachi press club on  Monday, July 06, 2015. (S.Imran Ali/PPI Images).
        KARACHI, PAKISTAN, JUL 06: Traders are protesting as they the traders are demanding to
        withdrawal of 0.6% tax on banking transactions, during a demonstration at Karachi press club on
        Monday, July 06, 2015. (S.Imran Ali/PPI Images).

        Traders have threatened to pull out their savings out of the banks if the decision is not taken back.

        Traders in Lahore have announced strike on Tuesday to protest the decision. They have said that such a decision will harm masses as well as banking sector.

        In Faislabad, traders have announced shutter down as well as many traders organizations have announced to take out rallies.

        Protest against tax

        In Sargodha, traders have agreed to observe shutter down on July 8 as well.

        Px06-011 SUKKUR: Jul06 - Traders of Nishtar Road hold a demonstration in support of their demands in Sukkur. ONLINE PHOTO by S P Khan
        Px06-011
        SUKKUR: Jul06 – Traders of Nishtar Road hold a demonstration in support of their demands in Sukkur.
        ONLINE PHOTO by S P Khan

        In Multan, traders protested in front of regional tax office. Participants of the protest have said that implementing the tax is paramount to injustice and will not be accepted at all costs. NNI

        Protest against tax (6)

        PPP rejects 0.6PC tax on bank transaction

        KARACHI, July 06 (NNI): Pakistan People’s Party (PPP) Sindh Chapter General Secretary Senator Taj Haider and PPP Karachi Division President Syed Najmi Alam and MPAs Dr Sohrab Khan Serki and Syed Nasir Shah while rejecting the imposition of 0.6 percent of withholding tax on account holders for making any transaction on an amount of Rs.100000 termed the imposition a sheer tyrant act of PMLN’s federal government.

        Traders are protesting

        In a statement issued from the PPP Media Cell Sindh, they said the PMLN government had gone mad in love of the IMF like a “Majnoo” and was taking steps for an unprecedented boost in price-hike and poverty on dictation of the IMF.

        They said that the PMLN’s federal government had since day one it came into powers adopted anti-masses policies and deliberately deprived the people of the country of the benefits of low POL prices in international market as the PMLN’s federal government did not pass the due relief on to the masses.

        They said the PMLN’s federal government inflicted agony onto the masses in the holy month of Ramadan through failing to check the unannounced blackouts in Sindh and inflated electricity bills while in addition it also failed to curb the profiteering and loot.

        They said that the PMLN’s federal government had now at the behest of the IMF imposed 0.6 percent withholding tax on bank transactions for an amount of Rs.100000.

        They asked the PMLN to stop begging for votes in elections if it would work for the appeasement of the IMF against the voters.

        They said the PPP had always played a pivotal role for protecting the democratic system in the country and once when the democracy was about to be toppled as a result of Islamabad sit-ins by the Umpire Party, it was the PPP that saved the democracy.

        However, when it would come to the interest of the people of the country, the PPP would stand beside the masses because the PMLN’s federal government had adopted a mission to snatch the last morsel from the mouth of the poor masses of the country and also render them homeless.

        They said that the protest by the traders’ associations across the country especially in Karachi was a plain message to the PMLN’s federal government that the masses and the traders were fed up with it and its policies of crushing the masses and trade and economy of the country.

        They said the PPP would assure the masses and the traders that they would not be left alone and the party would join them in every protest against the unjust imposition of 0.6 percent withholding tax on bank transactions. NNI

         

         

        CEO Zong 4G Says, “Innovation Driven Digital Transformation is Imperative for Telecom companies” At MWC 2019, Barcelona Spain

        As the Mobile World Congress 2019 kicks off in Barcelona, Chairman and CEO, Zong 4G, Mr. Wang Hua addressed the world’s industry experts and leaders at the forum on ‘Accelerating Digital Transformation’. Speaking at the forum he shared, “Digital transformation is no longer a multiple-choice question, but a must-answer.”

        Mr. Wang Hua highlighted that automated provisioning and insight driven service delivery is an imperative for telecom companies’ excellence. Customers and enterprises are moving towards digital solutions, hence creating a dynamic digital ecosystem.

        With digitalization permeating every aspect of human life, the very DNA of the communication industry has evolved. Digital transformation of telecom operators, including business transformation, operation transformation, network transformation, and the corresponding organizational transformation, has become pivotal for Mobile Network Operators.

        “Simply speaking, business transformation is to innovate business models to quickly develop new services on demand. Operation transformation focuses on controlling costs and improving operational efficiency. Network transformation is a cloud-based and software-defined converged network evolution, which is more agile and flexible to support business development.” Said Mr. Wang Hua

        Through these insights and a focus on agile and precise 4G deployment, the company aims to achieve process collaboration, operation optimization, and technological innovation. With digitally transformative operations, the company is affirming its position as Pakistan’s No.1 Data Network. As the largest and most widespread 4G network, Zong 4G is at the forefront of digital revolution in Pakistan.

        Being the only operator with positive growth in the daily recharge and the only operator with net positive port ins, Zong 4G is continuously and consistently building on its 4G leadership for efficient service delivery. With its digital transformation strategy, Zong 4G is future ready and is exploring all facets to provide best-in-class services and solutions to millions of Pakistani digital citizens.