Telecom Sector’s Profits Repatriation Drop by 30 % in Q1 FY 2012: ProPakistani |  |
- Telecom Sector’s Profits Repatriation Drop by 30 % in Q1 FY 2012
- Pakistan Blog Awards 2011 Announced
- ICT Industry Welcomes Pakistan’s MFN Status for India
- A Look at Mobilink’s Career Blog
- SAP World Tour Brings Competitive Business Solutions to Pakistan
| Telecom Sector’s Profits Repatriation Drop by 30 % in Q1 FY 2012 Posted: 11 Nov 2011 09:26 AM PST
Telecom and broadband operators have sustained a financially-tight quarter as their earnings sent to headquarters were seen dropping by 30 percent in Jul-Sept 2011 as compared to same duration last year, State Bank of Pakistan data showed. The profit dividends of the telecom and broadband operators stood at US $ 34.6 million in the first quarter of the financial year 2011-12, which showed negative growth compared with US $49.8 million of the earning repatriation posted during the same period previous financial year. According to the data, US $ 30.9 million profits were sent by cellular and telecom operators such as Mobilink, Zong, Warid Tel, Qubee, Wi-Tribe and etc., as operations and services earnings Whereas US $ 3.7 million earning repatriated abroad by listed companies in stock exchanges such as Wateen, PTCL and TRG through portfolio profits. Analysts said that services' sales of telecom and broadband operators were witnessed quite low in the first quarter of financial year 2011-12 on decreased consumptions of the subscribers in the country. During the period, the heavy rains across the country particularly in the Sindh affected the services consumption and infrastructure of the telecom sector that impacted negatively on the earnings of the telecom operators. They said that seasonal drop of services witnessed in the month of Ramadan as customers' activities were traditionally low in the country despite introduction of enhanced services packages particularly by cellular and broadband operators. In Ramadan, the commercial and domestic consumption of telephony and broadband services witnessed decline of 15 to 20 percent compared with other months of the year. The subscriptions growth of different operators was also seen slowing down because of shifted priorities of masses in Ramadan. Moreover, the stock exchanges were remained volatile in the first quarter of 2011-12 with mix trend of share trading particularly in the companies of telecommunication sector. Hence, it affected the earnings of the listed companies in the period under-review. Related posts:
To read more, click: Telecom Sector’s Profits Repatriation Drop by 30 % in Q1 FY 2012           |
| Pakistan Blog Awards 2011 Announced Posted: 10 Nov 2011 06:45 PM PST
So if you are Pakistani and a blogger too, and believe in awards – here's a chance for you to get things goings. Rules are pretty much the same as they were last time, but just in case if you don't know then you can nominate your blog to win award in one of following categories. You will have to vigorously ask your FnF to vote and comment on your nomination. These votes and comments from your FnF on your page are likely to carry 50 percent weight with rest of 50 percent weightage in the hands of judges. (I hope I understood the terms well, they are mentioned here for a detailed look) Here's the official website for blog awards: http://pakistanblogawards.com Important Dates:
Update: It appears that categories are being added uncomprehendingly, with a possibility of more changes in categories in coming days – as mentioned by the website:
Here’s the fresh list of categories: 1. Best Humor Blog Special Djuice Award Category: Best "Agents of Change" Blog, to be awarded to a blogger who has used his/her blog effectively to raise social concerns and have conducted "Khamoshi Ka Boycott". Related posts:
To read more, click: Pakistan Blog Awards 2011 Announced      |
| ICT Industry Welcomes Pakistan’s MFN Status for India Posted: 10 Nov 2011 06:40 PM PST
They hoped that potential of IT industries of both states will double their growth in various industrial and commercial sectors with mutual sharing of IT-based applications. IT giants of both the countries have been working together to help each other flourishing however there are lots of restrictions in their way owing to foreign and trade policies of India and Pakistan. Jehan Ara President Pakistan Software Houses Association for IT and ITES (P@SAH) is convinced with the initiatives of the government to improve trade ties with India, saying that Pakistani ICTs companies will reap the benefit with the current development provided they are implemented with true letter and spirit by both the sides. Pakistani and Indian companies have intended to invest in each other states but they are not provided access due to lack of official support such as visa policy, financial transactions and corporate regulations, she said while expressing the hope that all these issues will be resolved soon. A few of Pakistani and Indian companies can merge to form a large corporation to expand their business with sharing of mutual expertise, however, it could not be possible because of restrictions in countries' regulations, she said. Recently Pakistan's one of the top ICT company, Netsol, has been engaged with Indian companies to provide applications of financial services. Similarly, Ten Pearl has reportedly signed a deal with Indian company for creating different mobile apps. Besides, Pakistan's System Limited has been working with Indian firm for quite long through its sister organization in USA. There is a lot of potential for Indian companies for investing in the field of IT in Pakistan, said Ashraf Kapadia, former chairman P@SHA. Indian IT giants are looking for outsourcing their business of BPOs to different countries and Pakistan could be its potential partner as an expert of producing services of this field. There will be lot of employment generated in the field of BPOs if Indian companies invest in Pakistan, he added. Industry people said that Indian and Pakistan companies are also exploring different markets in Africa, Middle East and Europe. Pakistan and India can boost their mutual trade in Information and Technology (IT) sector up to colossal US$ 5 billion through joint-ventures, investment and exchange of expertise. Indian IT market is huge with volumetric exports but it lacks high quality of services, in contrast, Pakistani market is comparatively small but has gained tremendous reputation with its products and services. Pakistani IT firms are experts of gaming and animation whereas Indians are master service providers of IT-enable services, it is believed. The real growth in trade between the two countries particularly in the field of IT could multiply significantly when India and Pakistan establish and operate their offshore offices at each other lands. Related posts:
To read more, click: ICT Industry Welcomes Pakistan’s MFN Status for India      |
| A Look at Mobilink’s Career Blog Posted: 10 Nov 2011 06:38 PM PST
Being an MBA (Marketing) student at one of the top business schools of Pakistan, I consider it my utmost duty to support and appreciate best-case practices by major players in the corporate sector. Owing to the dearth of lucrative opportunities in today's downtrodden market, such a platform is of great value for business graduates and professionals all over the country in bridging gap between them and the telecom sector. For those who missed ProPakistani's earlier coverage on this, Mobilink's CareerBlog (careerblog.mobilinkgsm.com) is an initiative of Mobilink HR department; a platform dedicated to helping individuals excel professionally by providing them advice on various career-related issues and subjects through highly interactive and interesting blog posts. It's a pit-stop for every professional who requires guidance every now and then. In addition to this, it's also a platform for Mobilink employees, to share their own experiences and stories. By utilizing popular social media networks such as Facebook, Twitter, YouTube and LinkedIn, Mobilink Careers has been able to connect with and help thousands of individuals all over Pakistan. The CareerBlog features posts by some of the best and most seasoned professionals in the Pakistani corporate sector on their respective areas of expertise, providing advice on topics ranging from CV writing, career building and work place ethics to serious professional issues such as dealing with job dissatisfaction and changing careers etcetera. The interactive format of the website allows the readers to engage in healthy discussions over these topics and ask questions from the expert bloggers, regarding their own particular problems. Apart from this, the CareerBlog by Mobilink employees provides the readers not only an insight into the life at Mobilink but also some highly entertaining and interesting readings. Adventure club stories, interns' experiences and fun events at the cafeteria are some of the experiences shared in this section. Internal events such as employee family gatherings or children's events are also covered in detail and shared with the readers in form of interesting blogs and feature stories. Mobilink's CareerBlog is an all-rounder blog that can act as an excellent tool for professional development of individuals not just from the corporate sector but also for students and job seekers. It has also allowed Mobilink to develop strong relations with the corporate community in Pakistan. An initiative like this not only helps the company in developing a better image but also gives it the chance to express itself to the public. And this is exactly what the CareerBlog is helping Mobilink achieve. Related posts:
To read more, click: A Look at Mobilink’s Career Blog      |
| SAP World Tour Brings Competitive Business Solutions to Pakistan Posted: 10 Nov 2011 11:40 AM PST
SAP unveils solutions that will drive business competitiveness which was presented at the 2011 World Tour held at a local hotel in Pakistan. The business event gathered many of the country's key large enterprises to come together and share best practices in harnessing the power of business intelligence to help keep up with the changing business landscape. Commenting on the occasion, Nitin Gangla Head of Indirect Business for South East Asia & Emerging Markets said;
SAP World Tour takes place in more than 50 cities in over 40 countries in Europe, Asia, Latin America and North America. The global road show has reached more than 240,000 customers, partners and influencers over the last seven years, and is designed to enable dialog with influencers, customers and prospects, along with members of the SAP ecosystem and parties interested in partnering with SAP. SAP World Tour stops in Pakistan, after equally successful World Tours in Singapore, Indonesia, Thailand, Malaysia, etc in South East Asia. Meanwhile Hassan Jamal, Country Liaison Manager, SAP Pakistan said
The SAP World Tour offers customers and partners throughout the world a local event to help firms run better. SAP understands pertinent domestic market challenges and is well-poised to offer the right solutions to firms and industries of all types and sizes. Related posts:
To read more, click: SAP World Tour Brings Competitive Business Solutions to Pakistan      |
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