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Global telecoms group VimpelCom has announced plans to invest $1 billion in its Pakistani operations over the next five years. The company plans to roll out what it says will be one of the largest and most ambitious IT infrastructures in the industry for its…
Norway’s Telenor has secured a 4G license in Pakistan for $395 million as the sole bidder for an 850-MHz spectrum block. Telenor Pakistan will join China Mobile subsidiary Zong in holding a 4G license following the auction. The operator is seeking to…
Pakistan’s businessmen should take advantage from the large Indonesian market, an envoy said. Ambassador of Indonesia Iwan Suyudhie Amri, talking to the Lahore Chamber of Commerce and Industry (LCCI) Vice President Nasir Saeed, said bilateral trade needs to…
Mobile payments company Fortumo and China Mobile Pakistan (Zong) have entered into a direct carrier billing partnership in Pakistan. Digital content merchants and app stores using the Fortumo carrier billing platform can now collect payments from 26 million…
Indonesia to Import 1m Tons of Pakistan Rice in New Deal. Pakistan is the world 11th largest rice producer with annual production of 6.9 million tons milled rice. Indonesia will import 1 million metric tons of milled rice over the next four years from…
Online retailer Daraz, which has presence in Pakistan Daraz.pk, Bangladesh Daraz.bd and Myanmar shop.com.mm, has secured EUR50 million ($55 million) in its first major financing round. The investment comes from the CDC Group, the UK Government’s Development…
Online retailer Daraz is investing $56 million into creating beachheads on so-called ‘frontier markets’ in Asia: Myanmar, Pakistan and Bangladesh. Daraz is the leader in online retail in all three markets, selling apparel, accessories, shoes and beauty…
