Category: Business

Lahore (Nut-Desk)

The Pakistan Telecommunication Authority has given Lucky Motor Corporation Limited the license to manufacture Samsung smartphones in the country and Production facility will become functional by December 2021.

The Lucky Motor Corporation is a subsidiary of Lucky Cement Limited and assembles Kia cars in Pakistan.

“In accordance with Mobile Device Manufacturing (MDM) Regulations 2021, PTA has issued MDM authorization to Lucky Motor Corporation Limited for manufacturing of Samsung brand mobile devices,” the PTA announced on Tuesday.

The company had applied for authorization to set up a mobile device manufacturing plant in Karachi where it will manufacture Samsung mobile devices.

“The manufacturing of Samsung mobile devices in Pakistan is a landmark achievement and will further revolutionize the vibrant mobile manufacturing ecosystem in the country by ensuring presence of major local and foreign players in the market,” PTA said in a media release.

PTA has so far issued MDM authorizations to 25 foreign and local companies for the production of mobile devices (2G/3G/4G) locally.

Earlier, LMC announced it had entered into an agreement with Samsung Gulf Electronics Co. for producing the brand’s mobile devices in Pakistan.

Muhammad Rizwan, the president of the Karachi Electronics Dealers Association, who also has stakes in the retail business of mobile phones, says one can expect a 10% to 15% decrease price of Samsung cell phones after local assembling begins.

Seven months ago, Chinese smartphone maker Vivo also announced its plan to establish a manufacturing facility in Pakistan. Q-Mobile, G-Five, Infinix, and Tecno among other companies are already manufacturing mobile phones in Pakistan.

 

Lahore (Nut-Desk)

Pakistan Telecommunication Authority (PTA) Authorization holder Inovi Telecom has started exporting smart phones to other countries. The first consignment of 5500 units of 4G smart phones carrying “Manufactured in Pakistan” tag has been exported to UAE.

PTA congratulates the company for this landmark achievement. This is the result of concerted efforts for the development of mobile device manufacturing ecosystem in the country. The successful implementation of Device Identification Registration and Blocking System (DIRBS) and enabling government policies including the Mobile Manufacturing Policy have created a favorable environment for mobile device manufacturing in Pakistan.

As a part of this policy, Inovi Telecom Pvt. Ltd was issued mobile manufacturing authorization by PTA on 9th April 2021. Within 4 months, the company has managed to achieve exporting ‘Manufactured in Pakistan’ phones.

Lahore (Nut-Desk)

The overall car sales rose by 104 per cent during the month of July 2021 as compared to the same month of last year, according to the latest data released by Pakistan Automobile Manufacturing Association (PAMA).

As per data released by the Pakistan Automotive Manufacturers Association (PAMA), passenger car sales increased to 20,669 units in the period under review, which compared to the same month last year, showed sales of 10,123 units.

In the period under review, sales of trucks, buses, jeeps, tractors, and pickups increased notably, while that of three and two-wheelers dropped, the data showed.Link of complete report is below.

ACFrOgCK6AbEbz8Vy3tP20lGANEP0klXFsmPQiHqIjIHSfwRORFoW3icvwr1onJNFgp5Z7vmKo1-LggF463Utyg2sGYN-mtt7x0f2MheSsS-CshxoRIPzPNuns8TL5DFJynCT9kWZvDY0tyEdSFi

According to data, 1700 units of Honda Civic and City were sold during the month as compared to the sale of 2,210 units last year, showing a decline of 23.15%.

Toyota Corolla car sales, however, witnessed an increase of 52% as it soared to 2,320 units in the corresponding month from 1,528 units in the same period of previous year.

Suzuki Swift’s sale surged by 23.62 percent as its sale increased to 225 units from 182 units in July, the report said.

Similarly, the newly launched Toyota Yaris also witnessed an increase as its sale jumped to 2,700 units in the year under review from 1,830 units in July 2020.

The sale of Suzuki Cultus increased to 4,213 units in the corresponding year whereas, during the same period last year, the sale was recorded at 1,077 units.

Suzuki Alto also witnessed a sharp increase as it went up from 2,158 units in FY21 to 6,110 units in the previous year.

Meanwhile, the sale of motorbikes witnessed a decrease of 11% as it went down to 133,426 units in July 2021 compared to sale of 149,921 units in the same month of last year.

 

 

Lahore (Nut-Desk)

In accordance with Mobile Device Manufacturing (MDM) Regulations 2021, PTA has issued MDM authorization to Lucky Motor Corporation Limited for manufacturing of Samsung brand mobile devices.

The company had applied for authorization to setup mobile device manufacturing plant in Karachi, Pakistan where it will manufacture Samsung brand mobile devices. The authorization to manufacture Samsung Mobile devices in Pakistan is a landmark achievement and will further revolutionize the vibrant mobile manufacturing ecosystem in the country by ensuring presence of major local and foreign players in the market. This is possible only due to the conducive policies of the Government of Pakistan in its “Digital Pakistan” endeavor.

PTA has so far issued MDM authorizations to 25 foreign and local companies for the production of mobile devices (2G/3G/4G) locally. Mobile devices manufactured by these companies shall not only be sold in the country but will also be exported to other competitive markets of the region and beyond. The device manufacturing plants shall be instrumental in creating new job opportunities as well as enabling affordability of mobile devices for Pakistani users. The detail of all MDM Authorization holders is available on PTA website: www.pta.gov.pk.

 

Lahore (NUT- Desk)

The national carrier, Pakistan International Airlines (PIA), has announced discounted fares for Canada to Pakistan flights.The national carrier announced to reduce fares up to 25 per cent for flights from Canada to Pakistan for a limited period.

According to the spokesperson, the passengers from Toronto could avail the discounted fares by August 15.

Earlier in the month, PIA had announced special flight operations for the Najaf pilgrimage starting August 11 where 11 flights will take off with pilgrims willing to visit Najaf ahead of Ashura.

The 11 Najaf-bound flights will operate from Karachi, Islamabad and Lahore starting August 11, while the return begins from August 21, the PIA chief Air Marshal Arshad Malik had announced.

CEO of the national flag carrier had said operating special flights specific to religious occasions has been PIA’s custom.

In order to facilitate the pilgrims, such operations are part of the flag carrier’s responsibilities, he said. Malik added that the flights are being arranged after instructions from the federal cabinet and aviation minister.

 

Lahore ( NUT- Desk)

Pakistan Post has opened Amazon Facilitation Centres in various major cities to boost online business in the country.

According to Pakistan Post, Facilitation Centres were established in Islamabad General Post Office (GPO), Peshawar GPO, Karachi GPO, Gujrat GPO, Multan GPO, Gujranwala GPO, Sialkot GPO and Faisalabad GPO.

The initiative was aimed to promote e-commerce in the country and boost exports. Pakistan Post will transport sellers’ consignments from their doorstep to various warehouses of Amazon.

These Facilitation Centres have all the facilities for collecting and scanning the sellers’ products and delivering ahead to various warehouses of Amazon in the world.

Pakistan Post office has been formally authorised as the delivery partner of the global e-commerce giant. It would promote e-commerce in the country, and help boost exports, making Pakistani products now available to millions of consumers globally.

It is pertinent to mention that E-commerce is the best opportunity especially after Covid-19 pandemic as online buying and selling is increasing rapidly.

************

Lahore (Nut-Desk)

In an effort to raise one billion US Dollars for government, Pakistan telecommunication authority has begun the process for the sale of additional spectrum to mobile phone companies.

The citizens of Gilget Baltistan and Azad Jammu Kashmir will have better internet and call services as the new spectrum will be applicable for enhancing telephony and broadband services in Pakistan only as these frequencies will be applicable for the Azad Jammu & Kashmir (AJK) and Gilgit-Baltistan (GB).

PTA has issued the Information Memorandum (IM) to all the four mobile operators in country, offering each megahertz (MHz) in the 1,800 MHz band at $31 million and one mega hertz in 2,100 MHz band at $29m. The PTA is offering 12.8 MHz spectrum in the 1,800 MHz band and 15 MHz in 2,100 MHz band.

At the current base price the government is likely to get a minimum of $832m from the total sale of 27.8 MHz, if there is no competition among the four mobile operators.

The mobile operators will have to submit sealed bids within 35 days (mid-September). The whole process is expected to be completed in three months. The IM has also introduced an upper cap for the 1,800 MHz band on the mobile companies to restrict abuse of dominant position or giving advantage to any company with stronger financial position.

The limits on obtaining the spectrum of 1,800 MHz band has been set after taking into account each mobile company’s existing spectrum.

PTA has highlighted that Jazz will be able to bid on up to 5.2 MHz spectrum only as the company was currently using 24.8 MHz spectrum in the 1,800 MHz band while Zong will be able to bid on up to 7.4 MHz as it was currently using 22.6 MHz spectrum. Telenor and Ufone are not constrained by this spectrum cap as each of them currently holds less than 10 MHz.

Lahore (Nut-Desk)

Shehroze Kashif, world’s youngest climber to summit K-2, second highest peak in the world visited the Lahore Office of International Multi group of companies (IMGC) today.

Mr. Abid Rasheed Sheikh senior representative from IMGC, welcomed the young icon and congratulated him to becoming the pride of the Nation. Shehroze Kashif visited different sections of the office and passed some time with Office management and staff.

Shehroze Kashif is the youngest Pakistani to summit Everest on 11 May 2021. He climbed Everest at the age of 19.After the successful summit of Mount Everest, Pakistan sports Board made him the youth ambassador of Punjab , Pakistan.

He summited Broad Peak (another 8000-meter mountain) at the age of 17, after which he was called “The Broad Boy”. He started climbing mountains at the age of 11 with the first one being Makra Peak, followed by Musa ka Musalla and Chembra Peak at age 12, Mingli Sar in Shimshal age 13 and Khurdopin Pass at age 15 and Khusar Gang in alpine style at 18 years of age.

Lahore (NUT-Desk-PR)

Honda Atlas Cars Pakistan Limited (HACPL) has launched the All-new Honda City, the most anticipated car of 2021 in a spectacular ceremony at Royal Palm Lahore.

The HACPL Management comprising Chairman; Aamir H Shirazi, Presidenty & CEO; Hironobu Yoshimura, Director & Senior Advisor; Saquib H Shirazi & Senior Management of HACPL along with prominent Dealers & Corporates were a part of the launch event.

Addressing the guests at the event, Mr. Hironobu Yoshimura, President & CEO Honda Atlas Cars Pakistan introduced the most awaited car of the year while also highlighting Honda’s decades-long legacy of innovation in the automobile industry. He added that the All-new Honda City is the most evolved sedan in its category and perfectly embodies luxury, looks, comfort and safety. The All-new Honda City features cutting-edge technology with performance that signifies innovation making it a timeless work of art.“We hope you will enjoy the All-New Honda City just as much as we enjoyed making it.”

Amir Nazir, General Manager Sales & Marketing gave an overview of the car and highlighted the features of All-new Honda City. He also emphasized on how the new model outshines its predecessor in terms of design, performance and features.

The All-new Honda City comes in five variants, 1.5L ASPIRE CVT & MT, 1.5L City CVT and 1.2L CVT & MT and all variants carrying exceptional features.

All variants ensure maximum safety & security by features like Driver & Passenger Airbags, ABS + EBD, Impact Mitigating Headrest, ACE Body Structure, Pedestrian Injury Mitigation Technology, ECU Immobilizer and many more. In Exterior, all variants carry Premium Dual-Barrel Halogen Headlights with Daytime Running light, attractive rear lights with 15’’ tire size & high ground clearance. Interior color is Ivory, Newly designed meter, Tilt & Telescopic steering with audio switches, Driver seat height adjuster, Dust & pollen air filter, Trunk lid lining & comfortably spacious cabin along with bigger trunk space.

The new Honda City is designed to deliver a comfortable yet luxurious driving experience by incorporating sporty yet comfy seats. Honda City 1.5L Aspire incorporates CVT Transmission and offers advanced features like Smart Entry, Push Start, Cruise Control, Touchscreen 9” Display Audio System with a wireless Phone Connection via Bluetooth, a bigger Infotainment Screen, Auto AC along with rear AC vents.

The All-new Honda City offers a state of maximum comfort and safety with a gorgeous exterior showcasing an impressive performance on the road. It features Continuously Variable Transmission (CVT) incorporating Honda’s Earth Dreams Technology that offers fuel efficiency.

Honda City 1.2L is tailored specially for the Pakistani market. It is an exceptionally fuel-efficient variant and offers an eco-friendly driving experience featuring a spacious cabin along with a bigger car trunk providing greater luggage capacity, infotainment screen as 7” Capacitive Touch Display and Auto Door Lock System offering a comfortable experience throughout your drive.

The All-new Honda City has been reimagined with stellar looks paired with modern features offering a pleasurable driving experience whilst making it one of the best works by Honda in recent times.

It is available in seven colors, which are: Modern Steel Metallic, Crystal Black Pearl, Lunar Silver Metallic, Teffeta White, Modern Steel Metallic, Carnelian Red and Urban Titanium. The booking of all variants is open at all Honda 3S dealerships at initial booking price of 1 Million (1.2L CVT & MT, 1.5L City) & 1.2 Million (City Aspire 1.5L CVT & MT).