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Telecommunication

Infinix becomes first smartphone brand manufacturer in Pakistan

Infinix, with its latest and high-quality premium products, is one of the leading smartphone brands in Pakistan. It has continued growing stronger, and one of the primary reasons is the company's continuous investment and contribution to the economic and

Published 29 Feb, 2020 12:00am

Telecommunication

Huawei to open European 5G factory in France

Chinese telecom giant Huawei said Thursday that it would begin manufacturing radio equipment for next-generation 5G networks in France, its first such facility outside of China. Huawei, which has become caught up in a bruising trade war between Beijing an

Published 28 Feb, 2020 12:00am

Telecommunication

New Qualcomm chips aim at connecting phones to disparate 5G networks

Qualcomm Inc on Tuesday introduced new chips designed to connect mobile phones to 5G networks that operate differently around the world. Qualcomm is the world's biggest supplier of mobile phone chips. The San Diego, California-based company said its new X

Published 24 Feb, 2020 12:00am

Telecommunication

Government aims to increase ICT industry to $20 billion in few years: PM

Sergi Herrero, Co-Chief Executive Officer of VEON (parent company of Jazz Pakistan) called on Prime Minister Imran Khan on Wednesday. Chief Executive Officer of Jazz Pakistan Aamir Ibrahim, Chief of Corporate and Regulatory Affairs Syed Fakhar Ahmed and H

Published 20 Feb, 2020 12:00am

Telecommunication

Huawei loses legal challenge

Washington has the right to block US federal agencies from buying products by Huawei on cybersecurity grounds, a judge has ruled, dismissing the Chinese telecom giant's legal challenge to a purchase ban.

Published 20 Feb, 2020 12:00am

Telecommunication

PTCL, RCCI sign MoU for digital services

Pakistan Telecommunication Company Limited (PTCL), has signed an MoU with the Rawalpindi Chamber of Commerce and Industries (RCCI) to establish a strategic partnership that offers state-of-the-art digital services from PTCL to business community associate

Published 20 Feb, 2020 12:00am

Telecommunication

Apple to miss revenue forecast as iPhone supply hit by coronavirus

Apple announced Monday it would miss its March quarter revenue forecast and global iPhone supplies would fall because of the deadly coronavirus epidemic, triggering a fall in Asian stock markets. The COVID-19 death toll now exceeds 1,800 in China, where i

Published 19 Feb, 2020 12:00am

Telecommunication

Ufone celebrates 19 years of its success

Ufone celebrated 19 years of successful operations in Pakistan with the entire UFamily at Ufone Tower, Islamabad and other offices across the country. During the anniversary celebrations, employees and management vowed to serve their customers with comple

Published 19 Feb, 2020 12:00am

Telecommunication

Thailand raises $3.2 billion at 5G license auctions

Thailand's telecoms regulator raised 100.52 billion baht ($3.2 billion) in 5G spectrum auctions on Sunday, with operators snapping up 48 licenses ahead of an expected commercial rollout later this year. Thailand's top mobile operator, Advanced Info Servic

Published 17 Feb, 2020 12:00am

Telecommunication

Orange strikes confident tone for French market after sales rise

France's biggest telecoms operator Orange said on Thursday it saw potential for revenue growth in its competitive home market after a good fourth quarter there offset a downturn in Spain, helping lift its shares. Orange, led by Chief Executive Stéphane Ri

Published 17 Feb, 2020 12:00am

Telecommunication

Missed call? Counting the cost of no-show Mobile World Congress

For an event meant to showcase the power of telecoms, cancelling this year's Mobile World Congress in Barcelona without a back-up plan has perplexed many in the trillion-dollar sector. Wednesday's decision to call off the telecoms industry's biggest annua

Published 17 Feb, 2020 12:00am

Telecommunication

Samsung unveils compact foldable phone, 5G Galaxy S

Samsung Electronics on Tuesday unveiled a foldable smartphone shaped like a large makeup compact and put 5G mobile network capabilities into all of its other flagship devices as it strives to retain the mantle of biggest global phone company.

Published 17 Feb, 2020 12:00am

Telecommunication

Supreme Court orders Indian telcos to pay $13 billion or face action

India's Supreme Court on Friday ordered top telecom companies to pay $13 billion in unpaid spectrum and licensing fees by March 17 or face punishment in a fresh blow to ailing mobile carriers.

Published 15 Feb, 2020 12:00am

Telecommunication

France says won't bar Huawei from 5G network

France on Thursday said Chinese telecommunications firm Huawei would not be excluded from supplying equipment for 5G networks in the country but could be subject to restrictions and Paris may prioritise European operators. "There is no discrimination towa

Published 14 Feb, 2020 12:00am

Telecommunication

Cancelling top mobile fair 'was only option': organisers

Cancelling the world's top mobile trade fair was the "only option" in the face of "force majeure" after coronavirus fears prompted dozens of companies to bolt the upcoming show, organisers said Thursday.

Published 14 Feb, 2020 12:00am

Telecommunication

Huawei hit with new US charges of trade secrets theft

Huawei was hit Thursday with new US criminal charges alleging the Chinese tech giant engaged in a "decades-long" effort to steal trade secrets from American companies. A US indictment unsealed in New York alleges Huawei conspired "to misappropriate intell

Published 14 Feb, 2020 12:00am

Telecommunication

Crisis talks on fate of Spain mobile fair over virus fears

Organisers of the World Mobile Congress were holding urgent talks Wednesday over the fate of the world's top mobile trade fair following an exodus of industry heavyweights over coronavirus fears, a source close to the meeting said. "We're leaning towards

Published 13 Feb, 2020 12:00am

Telecommunication

Telenor Pakistan, WB join forces for GLWE initiative

Telenor Pakistan and the World Bank (WB) have joined forces for "Girls Learn, Women Earn" (GLWE) initiative in continuation of its efforts for women empowerment, inclusion and participation in the country's socio-economic uplift.

Published 12 Feb, 2020 12:00am

Telecommunication

T-Mobile, Sprint near finish line for wireless megadeal

T-Mobile and Sprint said Tuesday they were taking the final steps to complete a tie-up that reshapes the US wireless industry after a federal court turned aside an antitrust challenge.

Published 12 Feb, 2020 12:00am

Telecommunication

PTCL announces 5 percent dividend final cash

Pakistan Telecommunication Company Limited (PTCL), the country's leading telecom and ICT services provider, has announced its financial results for the year ended on December 31, 2019 at its Board of Directors' meeting held on February 11, 2020.

Published 12 Feb, 2020 12:00am

Telecommunication

Technology firms skipping key mobile fair over virus fears

Major tech companies are skipping the Mobile World Congress this year because of fears over the coronavirus, though Chinese groups and other big names still plan to attend the top industry event. Amazon and Sony said Monday they will stay away from the wo

Published 11 Feb, 2020 12:00am

Telecommunication

Anti-Huawei UK lawmakers conducting 'witch-hunt': Chinese ambassador

Senior members of Prime Minister Boris Johnson's Conservatives who have demanded Chinese telecoms giant Huawei must not have a role in Britain's 5G mobile network are conducting "a kind of witch-hunt", China's ambassador to London said on Sunday.

Published 10 Feb, 2020 12:00am

Telecommunication

Huawei promises 'Made in Europe' 5G for EU

Chinese telecom giant Huawei said on Tuesday it would set up manufacturing hubs in Europe, as it tries to fight off US pressure on EU nations to stop it from operating.

Published 10 Feb, 2020 12:00am

Telecommunication

US, Europe could team up on 5G, but not if trade war under way: German lawmaker

The United States and the European Union could team up to counter the dominance of China's Huawei Technologies in next-generation 5G telecoms technology, but not if Washington continues to threaten tariffs against Brussels, a senior German conservative la

Published 09 Feb, 2020 12:00am

Telecommunication

Huawei makes 'Double Deposit Offer'

With market anticipation on a high, the pre-orders of Huawei Y6s were a hit as the entire pre-order stock was booked in less than a week; this time Huawei had made an exciting 'Double Deposit Offer' for its budget Y Series variant that got consumers to Hu

Published 08 Feb, 2020 12:00am

Telecommunication

Apple fined in France over iPhone-slowing software

France's consumer watchdog said Friday that Apple had agreed to pay 25 million euros ($27.4 million) for failing to tell iPhone users that software updates could slow down older devices. The scandal erupted in December 2017, when the US tech giant admitte

Published 08 Feb, 2020 12:00am

Telecommunication

Nokia recovers in fourth quarter

Finnish telecom equipment provider Nokia beat expectations in a "challenging" 2019 as a strong fourth quarter enabled it to post its first full-year net profit since 2015, of 7.0 million euros. For the three months to December, it chalked up net profit of

Published 07 Feb, 2020 12:00am

Telecommunication

PTA clarification

Apropos a news item titled "Imported Cellphones: Experts Underscore Need for Revision of Tax Slabs" which was published in Business Recorder on 4th February 2020, it is clarified that the news item presents a skewed and incorrect image of the Devic

Published 06 Feb, 2020 12:00am

Telecommunication

Vodafone takes 200 million euro hit from Huawei 5G curbs

British telecoms giant Vodafone revealed Wednesday that it would cost about 200 million euros ($221 million) over five years to remove controversial Chinese group Huawei's equipment from core 5G European activities. "We have now decided, as a result of th

Published 06 Feb, 2020 12:00am

Telecommunication

TCL set to end deal making BlackBerry smartphones

Chinese electronics group TCL will stop producing BlackBerry-branded smartphones this year, the companies said Monday, leaving it unclear whether that will be the end of the line for the once-dominant handsets.

Published 04 Feb, 2020 12:00am

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / May 3	278.23
USD PKR Interbank Buying / May 3	278.03
USD to Japanese Yen / May 3	153.05
USD to Swiss Franc / May 3	0.91
Pound Sterling to USD / May 3	1.25
Euro to USD / May 3	1.08

Stock	Volume
S&P 500 / May 3	5127.79
India Sensex / May 3	73878.15
Tokyo Nikkei / May 3	38236.07
Nasdaq / May 3	16156.33
Hang Seng / May 3	18475.92
FTSE 100 / May 3	8213.49
Dow Jones / May 3	38675.68
Germany DAX 30 / May 3	18001.60

Item	Value
Crude Oil USD/Barrel / May 3	78.11
Karachi Cotton PKR/37.32 KG / May 3	20535
Gold 10 Grams PKR / May 3	205418
Gold Spot USD/Ounce / May 3	2301.74
Cotton US¢/pound / May 3	78.06
Petrol/Litre / May 5	288.49

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / May 5 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / May 5 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / May 5 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / May 5 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / May 5 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / May 5 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / May 5 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / May 5 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / May 5 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / May 5 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / May 5 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / May 5 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / May 5 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / May 5 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / May 5 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / May 5 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / May 5 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / May 5 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / May 5 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / May 5 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / May 5 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / May 5 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / May 5 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / May 5 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / May 5 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / May 5 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / May 5 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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