President Asif Ali Zardari has said that Pakistan’s mobile communication sector has registered one of the world’s fastest growth and urged the Chinese telecommunication and mobile companies to take full advantage from it.In a meeting with Executive Vice President of Zhong Xing Telecommunication Equipment (ZTE) Company, Shi Lirong here at his hotel, he said the company is already operating in Pakistan and can enhance its investment and increase its share in the huge market there.
ISLAMABAD (August 05 2009): Etisalat International, buyer of the management control through purchase of 26 percent shares in Pakistan Telecommunication Company Limited (PTCL), has threatened to approach arbitration court in London if the GoP resorted to issuing Long Distance International (LDI) licence to China Mobile, official sources told Business Recorder.
“Etisalat is contesting the anticipated award of LDI licence to China Mobile as a breach of the Shares Purchase Agreement (SPA) and guarantees given to it,” sources said. Etisalat has already withheld payment of last tranche of about $780 million because according to it the GoP failed to transfer properties in the Punjab and Sindh in favour of PTCL.
In recent times, there has been a rapid increase in the use of new technologies to increase access to financial services in many countries including Pakistan, reports World Bank in its annual booklet. According to a local news channel, that this has included the widespread use of smart cards and of mobile telephone network. In [...]