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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

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

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

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

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

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

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

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

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

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

Telecommunication

5G: Five things to know

It is heralded as the breakthrough to a brave new world of technology, but in the here and now, super-fast 5G networking has been pitting the United States against China. On Tuesday, the European Union and Britain indicated a conditional green light for C

Published 03 Feb, 2020 12:00am

Telecommunication

Huawei 5G troubles to test Nordic competitors' bandwidth

Tougher UK and EU rules restricting 5G network supplier Huawei should be a golden opportunity for competitors Nokia and Ericsson, but the companies may struggle to meet the increased demand, analysts warned. On Tuesday, Britain imposed a 35 percent cap on

Published 03 Feb, 2020 12:00am

Telecommunication

Telecom imports bill up by 29 percent

Pakistan's overall telecom imports bill surged by 29 percent to $844.657 million in July-Dec 2019-20, official figures say. Increase in the telecom imports reached to the tune of $188.73 million in July-Dec 2019-20 from $655.927 million in July-Dec 2018-1

Published 02 Feb, 2020 12:00am

Telecommunication

TECNO to launch its first Pop up Camera soon

This pop up camera smartphone is expected to have a Quad camera set up on the back. TECNO pop up camera phone

Published 01 Feb, 2020 10:17am

Telecommunication

SC directs MoITT to decide additional frequency spectrum to Zong Mobile within a month

The Supreme Court directed Ministry of Information Technology and Telecommunication (MoITT) to decide additional frequency spectrum to CM-Pak Limited (Zong Mobile) preferably within one month. A two-judge bench, comprising Justice Maqbool Baqir and Justic

Published 01 Feb, 2020 12:00am

Telecommunication

BT reports £500m hit as UK limits Huawei 5G role

British telecoms group BT on Thursday said it would take a £500 million hit after the UK government limited Huawei's role in developing the country's 5G network on security grounds.

Published 31 Jan, 2020 12:00am

Telecommunication

Apple, Broadcom ordered to pay $1.1bn for patent infringement

A Los Angeles jury on Wednesday ordered Apple and Broadcom to pay $1.1 billion to a California university for infringing wifi technology patents in what is thought to be one of the largest patent verdicts ever.

Published 31 Jan, 2020 12:00am

Telecommunication

Samsung Electronics says fourth quarter net profit slumps 38 percent

The world's biggest smartphone maker, Samsung Electronics, reported a slump in fourth-quarter net profits on Thursday, blaming weakening demand in key products and falling chip prices.

Published 31 Jan, 2020 12:00am

Telecommunication

Huawei Y6s up for pre-orders

Huawei's latest smartphone for the entry-level segment Huawei Y6s is up for pre-orders from January 31 to February 6. "This time the company is introducing an exciting 'Double Deposit Offer' where consumers can pre-order the device for Rs 800 which equals

Published 31 Jan, 2020 12:00am

Telecommunication

Apple delivers best-ever quarter, powered by iPhones, services

Apple on Tuesday posted record results for the final three months of last year delivered by gains in iPhone sales even as the company transitions to digital services and wearables.

Published 30 Jan, 2020 12:00am

Telecommunication

Vodafone sells Egypt stake to Saudi group for $2.4 billion

British telecoms group Vodafone said Wednesday it had agreed to sell its majority stake in its Egyptian unit to Saudi Telecom Company for $2.4 billion (2.2 billion euros).

Published 30 Jan, 2020 12:00am

Telecommunication

Johnson says can square Huawei 5G role with security concerns

British Prime Minister Boris Johnson on Monday insisted the UK can have technological progress while preserving national security, as he prepared to approve a role for Chinese telecoms giant Huawei in developing its 5G telecoms network despite strong US o

Published 28 Jan, 2020 12:00am

Telecommunication

UK likely to decide on Huawei 5G this week

Britain is expected to announce this week whether to allow China's Huawei to develop its 5G network, an official said Friday, amid indications it will agree to grant at least limited access despite intense US opposition. A senior UK official, speaking on

Published 27 Jan, 2020 12:00am

Telecommunication

Ericsson hit by higher 5G costs and weaker US market

Sweden's Ericsson reported a smaller-than-expected rise in fourth-quarter core earnings on Friday and said higher costs would spill over into 2020 as the telecoms equipment maker looks to exploit its leading position in super-fast 5G networks. After a num

Published 27 Jan, 2020 12:00am

Telecommunication

Trump, Johnson talk security ahead of Huawei decision

Prime Minister Boris Johnson discussed telecoms security with US President Donald Trump as he prepares to announce if Britain will use China's Huawei in its 5G networks, officials said Saturday. In a phone call on Friday evening, the leaders "discussed a

Published 26 Jan, 2020 12:00am

Telecommunication

UK 'to decide on Huawei 5G next week'

Britain is expected to announce next week whether to allow China's Huawei to develop its 5G network, an official said Friday, amid indications it will agree to grant at least limited access despite intense US opposition.

Published 25 Jan, 2020 12:00am

Telecommunication

MoITT plans to revive TIP through joint venture

The Ministry of Information Technology and Telecommunication (MoITT) has short-listed two companies to finalize one of them as Financial Advisor (FA) to provide Transaction Advisory Services (TAS) to solicit partnership through a suitable mode to utilize

Published 24 Jan, 2020 12:00am

Telecommunication

PM Khan, Telenor talk on enhancing Pakistan’s technology sector.

PM Khan appreciated Telenor's confidence in Pakistan due to its presence in the country since 2005 with an investme

Published 23 Jan, 2020 05:30am

Telecommunication

Canada lawyers argue for Huawei executive's extradition to US

Canadian government lawyers on Wednesday laid out a case for extraditing a senior Huawei executive to the United States, saying it is based on "a fraud on a bank."

Published 23 Jan, 2020 12:00am

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / May 14	278.27
USD PKR Interbank Buying / May 14	278.07
USD to Japanese Yen / May 14	156.42
USD to Swiss Franc / May 14	0.91
Pound Sterling to USD / May 14	1.26
Euro to USD / May 14	1.08

Stock	Volume
S&P 500 / May 13	5221.42
Nasdaq / May 13	16388.24
Dow Jones / May 13	39431.51
India Sensex / May 14	72853.85
Tokyo Nikkei / May 14	38227.19
Hang Seng / May 14	19120.21
FTSE 100 / May 14	8427.64
Germany DAX 30 / May 14	18697.64

Item	Value
Karachi Cotton PKR/37.32 KG / May 13	19935
Petrol/Litre / May 14	288.49
Crude Oil USD/Barrel / May 14	79.23
Gold 10 Grams PKR / May 14	207733
Gold Spot USD/Ounce / May 14	2344.20
Diesel/Litre / May 14	281.96

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / May 14 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / May 14 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / May 14 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / May 14 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / May 14 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / May 14 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / May 14 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / May 14 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / May 14 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / May 14 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / May 14 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / May 14 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / May 14 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / May 14 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / May 14 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / May 14 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / May 14 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / May 14 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

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

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