Telenor Pakistan denies shutting operations, rejects reports of buyout by Emirati company

Women queue outside a mobile shop in Islamabad on April 9, 2020. (Photo courtesy: AFP/File)
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Updated 09 December 2022
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Telenor Pakistan denies shutting operations, rejects reports of buyout by Emirati company

  • Telenor group says service revenues decreased by 3 percent, negatively impacted by recent floods
  • Experts say if company exits Pakistan, it would take a year or two to complete formalities before exit

KARACHI: Top officials of Telenor Pakistan on Thursday denied that the Norwegian telecommunication operation was winding up its operations in the country, referring to reports its ownership was changing hands as “speculation.”

Local and international media reports have claimed that Telenor Pakistan, the second-largest mobile phone network in the country, is shutting down operations. As per reports, the telco is facing difficulty in operating owing to the rising cost of business.

The rising cost of fuel and dollars in Pakistan have forced various multinationals, including telco companies, to face a financial crunch. However, senior officials of Telenor Pakistan denied the company was closing operations in Pakistan, referring to the reports as “untrue” and “based on speculations.”

“No, it is not true, there is no such thing happening,” Irfan Wahab Khan, CEO of Telenor Pakistan, told Arab News on Thursday in a terse response. He added that “the news of [Telenor’s] acquisition is not correct.”

Telenor in Pakistan enjoys a 25.20 percent market share with over 48 million subscribers as of October 2022. The network comes second when it comes to subscribers only to Jazz, which has a market share of 38.55 percent, as per the Pakistan Telecommunication Authority (PTA).

The Norwegian group operator has seen high energy prices as a headwind in Pakistan and Norway, and Denmark.

An impairment of NOK2.5 billion ($251 million) was recognized in the second quarter of 2022 related to property, plant and equipment and right-of-use assets in the Telenor Pakistan segment, the Telenor Group said in its quarterly report issued in October 2022.

Telenor Pakistan pointed out that in Pakistan, service revenues, on an underlying basis, had also been impacted by the recent floods in the country.

“Service revenues, on an underlying basis, decreased by 3 percent, negatively impacted by the devastating floods,” the report said. “However, data revenues increased by 18 percent. Reported service revenues increased by 10 percent, positively impacted by the reversal of sim tax provision.”

Based on the company’s profitability amid Pakistan’s unstable economic situation, local and international media reported that the company was in the process of exiting from Pakistan after selling its assets.

A day earlier, an English-language daily, Dawn, reported that a United Arab Emirates-based telecom operator was in talks with Telenor to buy it in Pakistan, for which the Norwegian company has engaged investment banks. The report did not name the Emirati company that wants to buy Telenor operations in Pakistan.

However, Telenor officials declined to comment on the reports, referring to them as ‘speculations’.

“These reports of sellout and acquisition are based on speculations, and we can’t comment on such speculations,” Telenor Pakistan spokesperson, Saad Mustafa, told Arab News.

“Like every company, Telenor Pakistan also decided to plan its strategic review under the current circumstances because many other players are also being impacted, so we have to see how we can solidify our operations; these are merely the considerations,” he added.

Though Telenor Pakistan officials have denied the organization is leaving Pakistan, telecom experts say news of Telenor Pakistan exiting the country is confirmed.

“It is confirmed that they want to exit because of the economic condition and profitability [situation],” Parvez Iftikhar, an international telecom policy and regulation consultant, told Arab News.

“The exit is not easy, it will take a year or two due to regulatory formalities,” he said, adding “it is not clear who is buying [Telenor Pakistan] the rest are rumors.”

In 2015, VimpelCom, a holding company of Mobilink, acquired UAE’s Warid Telecom, which was described as the first mobile telecommunications acquisition in Pakistan that later became Jazz.

If Telenor Pakistan’s acquisition materializes, it will become the second mobile phone operator to exit Pakistan, a country that has 194 million cellular subscribers.


In major relief for consumers, Pakistan slashes petrol price by Rs15.39 per liter

Updated 10 sec ago
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In major relief for consumers, Pakistan slashes petrol price by Rs15.39 per liter

  • After Rs15.39 per liter reduction, new price of petrol has been set at Rs273.10 per liter
  • Finance Division says decision taken due to declining prices of petroleum products in global market

KARACHI: Pakistan’s government on Wednesday slashed the price of petrol by Rs15.39 per liter for the next 15 days, with the move expected to bring major relief for consumers in a country reeling from inflation over the past two years. 

Pakistan typically adjusts petroleum prices on a fortnightly basis, taking into account fluctuations in the international energy market and the rupee-dollar exchange rate. The latest decrease brings the price of petrol down from Rs288.49 to Rs273.10 per liter. 

According to an official notification by the Finance Division released on Wednesday night, the price of high-speed diesel has also seen a downward revision of Rs7.88 per liter, setting it at Rs274.08 from Rs281.96.

“The prices of petroleum products have seen a decreasing trend in the international market during the last fortnight,” the Finance Division said in a press release. 

“The Oil & Gas Regulatory Authority (OGRA) has worked out the consumer prices, based on the price variations in the international market. The prices of Motor Spirit & HSD for the next fortnight, starting from 16th May, 2024, are accordingly being lowered.”

Pakistan slashed prices of petrol by Rs5.45 per liter on May 1 due to declining prices of petroleum products in the global energy market. 

The South Asian country significantly increased fuel prices after securing a short-term, $3 billion loan from the International Monetary Fund (IMF) last year.

The rising rates also led to spiraling inflation in the country, though the government started offering relief to the people by gradually bringing down the petroleum prices.

Pakistan is already in talks with the International Monetary Fund (IMF) to secure another loan which is expected to be bigger in terms of size and duration.


Pakistan’s religious affairs minister arrives in Saudi Arabia to review Hajj arrangements

Updated 28 min 54 sec ago
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Pakistan’s religious affairs minister arrives in Saudi Arabia to review Hajj arrangements

  • Around 15,819 Pakistani pilgrims have arrived in Saudi Arabia weeks before Hajj begins
  • Minister to review pilgrims’ accommodations and other Hajj arrangements during trip 

ISLAMABAD: Religious Affairs Minister Chaudhry Salik Hussain arrived in Saudi Arabia on Wednesday to inspect Hajj arrangements in the Kingdom, as thousands of pilgrims from Pakistan begin to arrive in the holy cities for the annual Islamic pilgrimage. 

Hajj is one of the five pillars of Islam and requires every adult Muslim to undertake the journey to the holy Islamic sites in Makkah at least once in their lifetime if they are financially and physically able. 
Pakistan has a Hajj quota of 179,210 pilgrims this year, of which 63,805 people will perform the pilgrimage under the government scheme, while the rest will use private tour operators. This year’s pilgrimage is expected to run from June 14-19.
“Federal Minister for Religious Affairs and Overseas Pakistanis Chaudhry Salik Hussain has reached Saudi Arabia to inspect Hajj arrangements,” the Ministry of Religious Affairs (MoRA) said.
The minister was accompanied by Dr. Syed Ata ur Rehman, the additional secretary of the religious affairs ministry, on his visit to Saudi Arabia. Officials of the Pakistan Hajj Mission in Saudi Arabia welcomed the minister upon his arrival at Jeddah airport. 
“The federal minister will meet senior officials of the Saudi Ministry of Hajj and Umra and the Pakistani Hajj Mission,” MoRA said. 
Hussain will be briefed about Pakistan’s Hajj operations at the control office in the Pakistan Hajj Mission, the ministry said, adding that he would also meet Hajj pilgrims in Makkah and Madinah during his trip. 
“He will also review accommodations of the Hajj pilgrims, catering companies and various other arrangements,” the ministry said.
Pakistan’s religion ministry has confirmed that around 15,819 pilgrims from the country have arrived in Saudi Arabia weeks before the Hajj begins. 
The government has set up two control rooms, one each in Makkah and Madinah, to facilitate Hajj pilgrims and ensure their pilgrimage remains hassle-free. 


Hundreds of students, civil society activists rally in Karachi to mark ‘Nakba Day’

Updated 15 May 2024
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Hundreds of students, civil society activists rally in Karachi to mark ‘Nakba Day’

  • Pro-Palestinian supporters mark May 15 as “Nakba Day” when over 700,000 Palestinians were driven from their lands in 1948 
  • Pakistani civil society members call for immediate ceasefire in Gaza, boycott against Israeli brands and those that support war in Gaza

KARACHI: Hundreds of Pakistani students and civil society activists on Wednesday rallied in the southern port city of Karachi to mark 76 years of Palestinians displaced from their homeland, calling for an end to the “genocide” in Gaza as Israel escalates military tensions in the Middle East. 

Palestinians refer to May 15 as the “Nakba,” Arabic for “catastrophe” when some 700,000 Palestinians in 1948 fled or were driven from their homes before and during the 1948 Arab-Israeli war that followed Israel’s establishment.

Protest rallies in several parts of the world were held on Wednesday amid Israel’s ongoing war on Gaza, where the Israeli military has killed at least 35,173 people and injured 79,061 others since October 7, 2023. 

Nearly a dozen civil and women’s rights organizations took part in the protest rally which began at Do Talwar roundabout in Karachi till Teen Talwar, another important landmark of the city. 

“The civil society of Karachi is marking Nakba Day today and the purpose for that is to identify that Palestinians were the actual residents or the actual people who can lay claim to the land that Israel lays claim to at this point in time,” Ahmed Shabbar, one the organizers, told Arab News. 

He called on students from other parts of the country to join the protest campaign for Gaza. 

“There are multiple layers to this campaign and we invite the civil societies of Lahore and Islamabad and Quetta and students across Pakistan as well to unite because this is just the first event,” Shabbar said. He vowed that more protests would be held in the coming days.

Shabbar said the foremost demand of the protesters was for an immediate ceasefire in Palestine and for Israel to be held accountable for its actions. 

He said Pakistan’s civil societies’ demands also include that Pakistan join South Africa in the International Court of Justice to hold Israel and its supporters accountable for its crimes in Gaza. 

Shabbar said protesters were also seeking an apology from the German ambassador to Pakistan, who had shouted at a Pakistani student for interrupting him during his speech at a conference last month. The pro-Palestinian supporter had questioned the ambassador for Germany’s support for Israel’s controversial actions in Gaza. 

He said the civil societies were also calling for a boycott of Israeli products or those brands that support Israel’s actions in Gaza. 

Mehnaz Rehman, a leader of the Aurat Foundation rights movement, said protesters had gathered to protest against Israel’s atrocities, particularly against women and children.

“They are killing children,” Rehman told Arab News. “They [people] should come forward and protest against Israel and demand a ceasefire. We demand ceasefire immediately,” she said, praising American students for raising their voices for Palestine. 

Naureen Fatima, a protester, said Palestinians were driven out of their land over seven decades ago. She lamented that history was repeating itself. 

“This is happening once again,” Fatima told Arab News. You know? And we see it’s happening under the backdrop of our complete genocide. This is happening in the year 2024.”

She criticized the international community for staying silent over Israel’s massacres in Gaza. 

“Has mankind regressed? We think we have completely regressed,” she lamented. 

“What is the point when we see that babies are being killed and they are dying? And there is no accountability, and this genocide continues. 

“We are here to protest that. We are here because we don’t want this to happen.”

Separately, hundreds of students and teachers rallied at Karachi University to protest Israel’s military campaign in Gaza and support American students protesting across Europe and the US
 


Pakistan, China to finalize modalities for third party participation in CPEC

Updated 15 May 2024
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Pakistan, China to finalize modalities for third party participation in CPEC

  • In the past, Pakistan has invited Saudi Arabia, Turkiye Germany, UAE, Iran, Indonesia, Afghanistan to join CPEC
  • Pakistani deputy prime minister is on four-day visit to Beijing to discuss second phase of multi-billion CPEC initiative 

KARACHI: Deputy Prime Minister Ishaq Dar said on Wednesday Islamabad and China needed to finalize the modalities for other countries to be part of the multi-billion-dollar China-Pakistan Economic Corridor (CPEC) project, as Islamabad seeks to attract foreign investment into Pakistan.

Dar, who is also Pakistan’s foreign minister, was speaking at a joint press conference with his Chinese counterpart Wang Yi in Beijing, which the Pakistani official is visiting on a four-day official trip as Pakistan moves into phase two of CPEC, an initiative in which Beijing has pledged to invest $65 billion.

The project spans several phases, each with distinct goals and impacts on the region. The first phase began in 2015 and mainly focused on building critical infrastructure, particularly in the transportation and energy sectors. The second phase expands the focus to include industrial cooperation, agricultural development and the promotion of social and economic development. This phase is also expected to include the development of Special Economic Zones (SEZs), efforts to boost green energy production like hydropower and solar energy, and initiatives to modernize agriculture and increase exports.

In the past, Pakistan has invited Saudi Arabia, Turkiye, Germany, UAE, Iran, Indonesia and Afghanistan to join CPEC but there has been no progress on the invitation.

“As we embark on phase two of CPEC we look forward to developing corridors of growth, livelihood, innovation, green development, and inclusivity to carry forward our shared vision of making CPEC an inclusive and transparent project,” Dar said at the press conference. 

“We also need to finalize the modalities for third party participation in CPEC.”

In 2022, then former prime minister Imran Khan welcomed all countries and international organizations to participate in the flagship project. PM Shehbaz Sharif has also invited other nations to join the project.

“We appreciate China’s development assistance to Pakistan and look forward to further enhancing China’s development footprint in Pakistan, to attract foreign investment in diverse sectors under the Special Investment Facilitation Council (SIFC),” Dar said, referring to a special body set up last year to oversee foreign investments. “I commend China’s readiness to deepen our financial bilateral trade and investment.”

Dar said his visit would help in accelerating the implementation of the Mainline-1 (ML-1) railway project, a $6.8 billion project to upgrade its railway lines, along with the realignment of the Karakoram Highway and strengthening “cooperation in agriculture, mining, minerals, energy, information technology and industrial sectors.”

The Pakistani official also condoled on behalf of the Pakistani leadership and people over the killing of five Chinese workers in a suicide bombing in Pakistan in March.

Vowing to bring the planners, financiers and perpetrators of the attack to justice, Dar said China and Pakistan would maintain close cooperation through bilateral channels in this regard.

“I have shared with his Excellency, the foreign minister, extensive and deliberate measures we have taken to protect Chinese interests in Pakistan while thanking China for acknowledging the sacrifices Pakistan has made against terrorism,” he said. 

“Let me express our focus on that. We will not rest until the last menace of terrorism is finally eliminated from Pakistan.”


Veon, partners to bridge online ‘AI language gap’ in Pakistan, other countries 

Updated 15 May 2024
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Veon, partners to bridge online ‘AI language gap’ in Pakistan, other countries 

  • Language models often rely on swathes of online data to generate human-like responses 
  • Veon and partners to develop tools in Pakistan, Ukraine, Bangladesh and other countries 

Telecom company Veon, mobile operator Beeline Kazakhstan, the Barcelona Supercomputing Center and the GSMA lobby group said on Wednesday they would work together to bridge an “AI language gap” for under-represented languages.

Large language models powering ‘bots’ like chatGPT often rely on swathes of online data, such as digital books, websites, articles and blogs to learn how to generate human-like responses. But data and resources in some languages are limited.

“Out of nearly 7000 languages spoken around the globe, only seven are considered high-resource languages in the digital world: English, Spanish, French, Mandarin, Arabic, German and Japanese,” the groups said in a joint statement.

They will collaborate on developing tools and language model documentation in under-represented languages, including those spoken in the countries where Veon operates — Pakistan, Ukraine, Bangladesh, Kazakhstan, Uzbekistan, and Kyrgyzstan.

Another language was Catalan, which is spoken by around 10 million people, the statement said.
“The lack of resources in other languages results in an AI language gap which leads to sub-optimal user experience in AI applications, deepens the bias in AI models and risks deepening the digital divide in AI technologies,” they added.