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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 leading–cooling 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.

Mobile Phone Brands Locked in Fierce Price War

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A price war has erupted in the mobile phone market, with major brands slashing prices and offering unprecedented discounts. This battle is primarily being fought between a well-known established brand and a leading Chinese brand that ranks among the top three in the market.

The competition, which began late last month, has intensified with brands offering increasingly larger discounts, often referred to as “under the table” or “over and above” incentives. These can reach double-digit percentages, creating a volatile and unpredictable market.

Adding fuel to the fire, another Chinese brand recently entered the fray, further disrupting the status quo. This unexpected move has intensified the pressure on existing players, leading to concerns about the long-term sustainability of such aggressive discounting.

Industry experts warn that this cutthroat competition could have detrimental effects on distributors and dealers, squeezing profit margins and potentially leading to significant losses. Some stakeholders have voiced their concerns,

questioning who will bear the responsibility for these losses.

The situation is particularly tense as large quantities of phones are being moved across the country, sometimes bypassing established distribution channels. This has led to calls for greater transparency and accountability in the market.

Introducing Files Go, a faster way to clean up, find and share files on your phone

Introducing Files Go, a faster way to clean up, find and share files on your phone  Files Go available today, globally, for download on the Google Play Store

 December 5, 2017​— Today Google launched Files Go, a new app for freeing up space, finding  files faster and easily sharing them with others. Files Go is globally available from today on the  Google Play Store​ for all phones running Android 5.0 (Lollipop) and higher. Google also announced that Files Go will be offered as a part of suite of apps on the upcoming  Android Oreo (Go edition) phones scheduled for sale in early 2018.

Additionally, smartphone  makers such as Nokia Mobile, Panasonic, Micromax, Lava, Intex, Karbonn Mobiles, and Xolo, will  also offer Files Go as a pre-installed app on select 2018 models. Files Go helps smartphone users manage their files, which is a serious problem in many parts of  the world. Every day, millions of smartphones run out of space. And images, videos, apps and  documents never stop coming. Eventually, users reach that point where they have to choose  what to keep or delete.

 

Files Go solves this problem with four features:

 

  • Freeing up space. ​Files Go offers personalized suggestions about which files to delete,  whether it’s unused apps, large files, duplicate files or low resolution videos. Files Go  also uses Google’s latest Mobile Vision technology to detect memes.

 

  • Finding files faster.​ With Files Go, users no longer have to navigate through a maze of  folders to find files. Files Go’s smart filters automatically organize images, videos, apps,  documents, and more to make it easy to find different kinds of media.

 

  • Backup files to the cloud.​ If users are unsure whether they want to delete a file forever,  they can select it from the Files menu and easily back it up to Google Drive or any other  cloud storage app.

 

  • Share files offline. ​Users can transfer files directly from their phone to a nearby phone  through Files Go. The file transfers are encrypted, fast (up to 125 Mbps) and don’t use  any mobile data.

 

In its testing of Files Go, Google found that the average user is saving 1GB of space in the first  month.

 

For more information, visit  ​filesgo.google.com

Emirates Skywards and Standard Chartered launch a Credit Card

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    Emirates Skywards and Standard Chartered launch a Credit Card

    Earn Skywards Miles on everyday spends
    Exclusive travel and lifestyle benefits await Pakistan’s frequent flyers
    First co-branded credit card in collaboration with a foreign airline

    First Infinite Card of Pakistan

     

    KARACHI, 20 November 2017: Standard Chartered and Emirates Skywards in Pakistan today announced the launch of a credit card tailored specifically to offer exceptional value to the country’s growing community of frequent flyers.

    The Emirates Standard Chartered Credit Card, will be available in two premium variants; Infinite and Platinum, allows clients to enjoy an array of exclusive privileges and world class services from both Standard Chartered and Emirates airline. These privileges include:

    • Welcome bonus of up to 20,000 Skywards Miles
    • Up to 30,000 bonus Skywards Miles annually
    • Emirates Skywards Silver membership for a year
    • Ability to earn Skywards Miles on everyday spends
    • Double Skywards Miles on Emirates spend and foreign currency transactions
    • Complimentary airport transfers in Pakistan when flying Emirates
    • Complimentary access to upto 750+ airport lounges worldwide
    • Priority check-in at Pakistan airports when flying Emirates
    • 25per cent off on purchase of Skywards Miles and more

    Commenting on the launch, Shazad Dada, Chief Executive Officer, Standard Chartered Pakistan said, “We are proud to partner with Emirates to launch the first ever Co-brand credit card with a foreign airline and an Infinite Credit Card in Pakistan. Our clients have sophisticated travel needs and we lead the market in travel spend. In line with our promise to bring best-in-class products to our clients – this partnership fits perfectly to provide our client with the most powerful travel card catering to their business and leisure travel needs with a leading airline.

     

    With the Emirates Standard Chartered Credit card, they can now not only earn Skyward Miles but also enjoy the unparallel travel luxuries that come with this card. This partnership ensures that the best travel experience is closer than you think. “
    “With more than 19 million members worldwide and over 391,000 members in Pakistan, we are committed to continuously look for ways to stay relevant to our members and provide value. We aim to stay global with local relevance, which is why we have chosen to invest in a partnership with Standard Chartered and offer our members unique benefits that will further enhance their Emirates flying experience. With this latest financial offering and a portfolio of over 100 partners in the lifestyle and travel space, being an Emirates Skywards member is more rewarding than ever,” said Dr. Nejib Ben Khedher, Senior Vice President, Emirates Skywards.

     

    Payment partner for this product is VISA, the leading global payments technology company. The cards are loaded with enhanced security features against fraud with embedded microchip technology.

     

    With the Emirates Standard Chartered Credit Cards your next travel is now closer than you think. For more details, visit www.sc.com/pk or call 111-002-002

    Fault in International Undersea Cable Causing Internet Disruption in Pakistan Fixed

    Pakistan has finally resolved the issue of slow internet speeds that had been plaguing the country for the past week. The Pakistan Telecommunication Authority (PTA) has announced that the fault in the international undersea cable that was causing the disruption has been fixed.

    According to the PTA, the issue was caused by a cut in the undersea cable near Indonesia, which had resulted in slow internet speeds for millions of mobile phone users in Pakistan. However, the fault has now been rectified, and internet speeds in Pakistan have returned to normal.

    The PTA has assured that all companies in Pakistan will now receive uninterrupted internet services. The repair of the undersea cable has come as a relief to millions of internet users in Pakistan who were facing difficulties due to the slow speeds.

    The PTA has also appreciated the efforts of the teams that worked tirelessly to resolve the issue and restore internet services in Pakistan.”

    Read More: https://flare.pk/2024/05/tecno-launches-the-new-camon-30-series-in-an-extravagant-vogue-night/

    PTCL GROUP POSTS 6% YOY REVENUE GROWTH, PTCL ASSIGNED LONG TERM RATING OF AAA

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      Pakistan Telecommunication Company Limited (PTCL), the Country’s leading telecom and ICT services provider has announced its financial results for the nine months’ period ended September 30, 2018 at its Board of Directors meeting held in Islamabad on October 11, 2018

      PTCL Group’s revenue for the nine months’ period of 2018 has grown YoY by 6% to Rs. 93.21 billion as a result of positive contribution by all group companies. QoQ PTCL Group’s revenue has also grown by 11% during the third quarter of 2018. Ufone revenue has increased by 10% YoY, UBank, a microfinance banking subsidiary of PTCL, has shown significant growth of 65% in its revenue over same period of 2017. PTCL Group’s operating profit for the period improved by 65%, however its net profit declined by 26% mainly due to adverse impact of currency devaluation of Rs. 1.4 billion during current year and positive one-offs of Rs. 2.3 billion in last year. Like-for-like net profit of PTCL Group would have been higher by 27% compared to last year.

      PTCL revenue for the nine months’ period has been stable overall at Rs 52.6 B YOY. PTCL’s flagship Fixed Broadband DSL service posted revenue growth of 7% over nine months of 2017. This includes the 31 exchanges fully transformed to date where DSL growth YOY was even higher at 15%. Corporate business continues to perform strongly and has shown significant growth of 14% over same period last year by signing new customers in Managed Services, Cloud Infrastructure Services, IT and Security Solutions. Conversion of EVO customers to Charji/LTE have yielded positive results with YoY revenue growth in double digits, however also resulted in higher subscriber acquisition cost as compared to same period last year. There is continued decline in domestic and international voice revenues due to increase in illegal/grey traffic termination, continued conversion of subscribers to OTT and cellular services resulting in declining voice traffic volumes. PTCL’s operating profit for the nine months’ period is lower by 17%, compared to the same period of 2017 mainly due to higher subscriber acquisition cost and Cable & Satellite/Network maintenance on account of currency devaluation. Further, non-operating income has also declined due to reduced funds as compared to last year. Net Profit for the period is Rs 4.8 B which is 26% lower compared to same period last year as reported (and 13% lower if adjusted for one-offs), driven by lower operating profit and lower non-operating income.

      The financial strength of PTCL has recently been acknowledged through an independent rating exercise as a result of which JCR-VIS has assigned PTCL a long-term rating of AAA which will enhance stakeholders’ confidence.

      During the 3rd quarter PTCL entered into a partnership with WWF Pakistan and committed to support plantation of 200,000 mangrove seeds in Balochistan. PTCL has also inducted top 100 young engineers and business graduates under Summit Programme 2018 from top institutions & universities across Pakistan which would help to develop future leadership.

      Being a national carrier, PTCL also proudly launched a special Brand Campaign ‘Hum hain PTCL, hum hain Pakistan’ on Independence Day, which invoked patriotic emotions.