MENACW 2023 Highlights Future Minerals Forum’s Crucial Role in Shaping Sustainable Mineral Value Chains for the Clean Energy Transition

Future Minerals Forum at MENA Climate Week RIYADH, Saudi Arabia, Oct. 17, 2023 (GLOBE NEWSWIRE) — The Middle East and North Africa Climate Week (MENACW) 2023, hosted in Riyadh, underscored the pivotal role of the Future Minerals Forum (FMF) in shaping the future of minerals. The panel moderated by Aldo Pennini, Director of Strategy, Program, […]

Future Minerals Forum at MENA Climate Week

The Future Minerals Forum panel discussion at the MENA Climate Week

RIYADH, Saudi Arabia, Oct. 17, 2023 (GLOBE NEWSWIRE) — The Middle East and North Africa Climate Week (MENACW) 2023, hosted in Riyadh, underscored the pivotal role of the Future Minerals Forum (FMF) in shaping the future of minerals.

The panel moderated by Aldo Pennini, Director of Strategy, Program, and Content for FMF, featured distinguished panelists, including Abdulrahman Al Belushi, Assistant Deputy Minister for Mining Enablement at the Ministry of Industry and Mineral Resources; Eng. Saud Al Mandil, Vice President of Technology, R&D, and Innovation at Ma’aden; Dr. Thamer Aldaajani, General Manager of Mining and Hydrocarbon Research at King Abdulaziz City for Science and Technology; Ali Al-Mutairi, Executive Director at FMF; Dr. Abdullah Al-Nabhan, Senior Director of the Survey and Exploration at the Saudi Geological Survey; and Professor Jim Skie, Chairman of the Intergovernmental Panel on Climate Change.

“Minerals represent a crucial pillar in powering numerous industries and projects,” said Abdulrahman Al Belushi. He stressed the need for sustainable operations that minimize environmental impact and ensure community benefits.

Saud Al Mandil emphasized Maaden’s commitment to sustainability in the mining sector. The company is dedicated to minimizing environmental impact and responsibly managing natural resources, aligning with the Kingdom’s commitment to the Paris Climate Agreement.

Thamer Aldaajani stressed the pivotal role of research in comprehending the economic and environmental impact of mineral resources and enhancing their value chains. He acknowledged the challenges faced by the mining sector in balancing the extraction of required minerals with environmental preservation.

Ali Al-Mutairi outlined FMF’s mission, stating, “FMF aims to shape the future of minerals in the context of the energy transition through multi-stakeholder dialogue and collaboration. The Forum serves as an international platform, fostering opportunities for entities involved in the mining sector to explore potential opportunities across the mineral super region, which stretches from Africa through West and Central Asia.”

Abdullah Al-Nabhan elaborated on the geological characteristics of the Arabian Shield, highlighting its abundant mineral resources essential for the green energy transition. Meanwhile, Professor Jim Skea announced, that for the first time, the IPCC will incorporate the role of minerals in the energy transition as part of its next multi-year report.

The third edition of FMF, under the patronage of the Custodian of the Two Holy Mosques, King Salman bin Abdulaziz, will be held from January 9-11, 2024, at the King Abdulaziz International Conference Center in Riyadh.

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/c7249c16-1580-4825-bd81-b2946880f9f4

Omar Shereen
M: +966 50 663 0489
E: Omar.shereen@fleishman.com

GlobeNewswire Distribution ID 1000864591

Gap Inc., Cargill, and GSK Join the Water Resilience Coalition and WaterAid to Improve Access to Water in India as Part of the Coalition’s 2030 100-Basin Plan

New York, New York, Oct. 17, 2023 (GLOBE NEWSWIRE) — The Water Resilience Coalition (WRC), an industry-driven, CEO-led initiative convening global companies to address the global water crisis, today announced the launch of the Women + Water Collaborative, a flagship corporate collective action program to improve access to clean water and sanitation in India. Gap […]

New York, New York, Oct. 17, 2023 (GLOBE NEWSWIRE) — The Water Resilience Coalition (WRC), an industry-driven, CEO-led initiative convening global companies to address the global water crisis, today announced the launch of the Women + Water Collaborative, a flagship corporate collective action program to improve access to clean water and sanitation in India.

Gap Inc., Cargill, and GSK, in partnership with WaterAid and the Water Resilience Coalition, are launching the initiative to improve health, livelihoods, and climate resilience in water-stressed communities in India, beginning with the Krishna and Godavari basins. The WRC is an initiative of the CEO Water Mandate, a partnership between the UN Global Compact and the Pacific Institute.

This marks the first time that companies from different sectors spanning apparel, biopharma, and agriculture have united with shared goals, metrics, and governance to provide access to clean water and sanitation in the same communities. The Collaborative builds on the success of the previous USAID Gap Inc. Women + Water Alliance, which empowered over 2.4 million people to improve their access to water and sanitation in India between 2017 and 2023. This is one of 21 collective action projects in 15 basins underway across Asia, Africa, South America, and North America as part of the Water Resilience Coalition’s 2030 ambition to build water resilience across 100 Priority Basins.

The Women + Water Collaborative will improve the availability and quality of water in priority river basins through water replenishment and conservation using methods such as rainwater harvesting. It will provide communities with safe drinking water and climate-resilient sanitation and hygiene infrastructure and services. Although women in rural India play a crucial role in water collection and use, their participation in decision-making around water resources remains low. This program will leverage women’s leadership to build water resilience, improve water security, and enable equitable access to water and sanitation for communities at scale.

“As part of the Forward Faster Water Resilience Target and as members of the Water Resilience Coalition, the companies involved in this initiative have joined an alliance that thrives on collaboration and collective action. This cooperation will play a key role in achieving the WRC’s ambitious goals outlined in its 2030 strategy,” said Sanda Ojiambo, CEO and Executive Director of the United Nations Global Compact and Co-Chair of the Water Resilience Coalition.

“The Women + Water Collaborative builds on Gap Inc.’s history of designing innovative programs with nonprofits and the public sector, and then convening corporate partners to drive sustainability at scale,” said Dan Fibiger, Head of Global Sustainability for Gap Inc. “By joining across food, fashion and biopharma, we can drive meaningful impact in communities that fuel our global supply chains.”

“Water is essential for human health, as well as for the ongoing production of our medicines and vaccines,” said Claire Lund, VP Sustainability at GSK. “Yet climate change and nature loss are impacting water and health in locally specific ways – with some countries being more vulnerable. That’s why we are focused on water as part of our commitment to contributing to a nature positive world. We are proud to be a founding partner of the Women + Water Collaborative to improve water quality, quantity, and access in India, in turn helping to support local community health.”

This flagship collective action program demonstrates tangible progress toward the Water Resilience Coalition’s ambition to contribute to water security for 3 billion people and enable equitable access to water, sanitation, and hygiene for more than 300 million people by 2030.

“We know that reliable access to clean water and sanitation is essential for people and agriculture. At Cargill, we are focused on improving access to safe drinking water and sanitation, with the goal of reaching 500,000 people in priority communities by 2030,” said Michelle Grogg, Vice President of Corporate Responsibility at Cargill. “Partnership and collective action are a critical pathway to help us deliver on this ambition and we’re pleased to be a participating company in the Women + Water Collaborative.”

WaterAid will launch the program in five Indian states and six priority districts. The NGO is keen to bring on additional corporate partners to expand the reach.

“Our impact is limited only by the number of corporate partners we are able to bring on,” says Kelly Parsons, CEO of WaterAid America. “We know that solving the water crisis is a business imperative. We also know that none of the sustainable development goals will be achieved without global collaboration and partnership. By coordinating large, multi-stakeholder partnerships, we create holistic impact, at scale. That’s the power of collective action.”

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About the Water Resilience Coalition

The Water Resilience Coalition is an industry-driven, CEO-led initiative of the CEO Water Mandate that aims to elevate the long-term mounting crisis of global water stress to the top of the corporate agenda and to preserve the world’s freshwater resources through collective action in water-stressed basins and ambitious, quantifiable commitments. Since the Coalition’s launch in 2020, 35 global companies across multiple sectors with a combined market cap of US$4.8 trillion and operations in more than 140 countries have joined the effort. For more information, visit ceowatermandate.org/resilience.

About the Pacific Institute

Founded in 1987, the Pacific Institute is a global water think tank that combines science-based thought leadership with active outreach to influence local, national, and international efforts in developing sustainable water policies. From working with Fortune 500 companies to frontline communities, our mission is to create and advance solutions to the world’s most pressing water challenges. Since 2009, the Pacific Institute has also acted as co-secretariat for the CEO Water Mandate, a global commitment platform that mobilizes a critical mass of business leaders to address global water challenges through corporate water stewardship. For more information, visit pacinst.org.

About the UN Global Compact

As a special initiative of the United Nations Secretary-General, the UN Global Compact is a call to companies worldwide to align their operations and strategies with Ten Principles in the areas of human rights, labour, environment and anti-corruption. Our ambition is to accelerate and scale the global collective impact of business by upholding the Ten Principles and delivering the Sustainable Development Goals through accountable companies and ecosystems that enable change. With more than 18,000 companies and 3,800 non-business signatories based in over 101 countries, and 62 Local Networks, the UN Global Compact is the world’s largest corporate sustainability initiative—one Global Compact uniting business for a better world. 

Dr. Amanda Bielawski
Pacific Institute
abielawski@pacinst.org

GlobeNewswire Distribution ID 8950782

Pacific Green appoints Dane Wilkins as Managing Director of Pacific Green Energy Parks Europe

Dover, DE, Oct. 17, 2023 (GLOBE NEWSWIRE) — Pacific Green Technologies, Inc.  (“Pacific Green”), (OTCQB: PGTK) today announced the appointment of Dane Wilkins as Managing Director of its Pacific Green Energy Parks Europe division, a wholly owned subsidiary of Pacific Green. Dane will take up the post in November 2023 and joins from leading advisory […]

Dover, DE, Oct. 17, 2023 (GLOBE NEWSWIRE) — Pacific Green Technologies, Inc.  (“Pacific Green”), (OTCQB: PGTK) today announced the appointment of Dane Wilkins as Managing Director of its Pacific Green Energy Parks Europe division, a wholly owned subsidiary of Pacific Green.

Dane will take up the post in November 2023 and joins from leading advisory firm Jones Lang LaSalle (JLL), where he was European Head of Energy and Infrastructure Advisory.

At JLL Dane built a European wide team focussed on strategic and financial advisory within the renewable sector across the UK, Italy, Romania, and Poland that has been ranked one of the leading financial advisers in Europe and among the top 15 globally, by number of deals, according to data provider InfraDeals.

The team has been acclaimed for leading some of the first transactions in the battery storage and flexible generation sector, acting for buyers and sellers on battery, solar pv, onshore and offshore wind and advising clients on energy strategies.

Scott Poulter, Pacific Green’s Chief Executive said: “We are delighted to have Dane join Pacific Green as we rapidly roll out our energy parks business throughout Europe and around the world to enable and facilitate the energy transition. Building on the success of the commissioning of 100MW Richborough Energy Park and development of 375MWh Sheaf Energy Park in the UK we are building a platform globally.”

Wilkins added: “I have been impressed with the unique offering Pacific Green brings to the battery energy storage sector and am delighted for the opportunity to contribute to the next phase of the company’s growth. It’s a privilege to join the Pacific Green team at this exciting time.”

About Pacific Green

Pacific Green is focused on addressing the world’s need for cleaner and more sustainable energy. It offers grid-scale battery energy storage systems, renewable and environmental technologies.

For more information, visit Pacific Green’s website:
www.pacificgreen.com

Notice Regarding Forward-Looking Statements:

This news release contains “forward-looking statements,” as that term is defined in Section 27A of the United States Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Statements in this news release which are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future. Such forward-looking statements include, among other things, the continued development of the Project, any potential business developments and future interest in Pacific Green’s battery, solar and environmental technologies.

Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, the continuation of the development of the Project, general economic and political conditions, and the ongoing impact of the COVID-19 pandemic. These forward-looking statements are made as of the date of this news release, and Pacific Green assumes no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although Pacific Green believes that the beliefs, plans, expectations and intentions contained in this news release are reasonable, there can be no assurance that such beliefs, plans, expectations or intentions will prove to be accurate. Investors should consult all the information set forth herein and should also refer to the risk factors disclosure outlined in Pacific Green’s annual report on Form 10-K for the most recent fiscal year, Pacific Green’s quarterly reports on Form 10-Q and other periodic reports filed from time-to-time with the Securities and Exchange Commission.

Scott Poulter, Chairman & CEO
Pacific Green Technologies, Inc.
T: +1 (302) 601-4659

GlobeNewswire Distribution ID 8950578

IMF Pushing for Pension Reforms to Help Ease Fiscal Deficit

The federal government is gearing up for crucial negotiations with the International Monetary Fund (IMF) later this month, with the Fund pushing for comprehensive pension reforms to help ease fiscal deficit, well-informed sources told ProPakistani.Acco…

The federal government is gearing up for crucial negotiations with the International Monetary Fund (IMF) later this month, with the Fund pushing for comprehensive pension reforms to help ease fiscal deficit, well-informed sources told ProPakistani.

According to sources, the lender is actively advocating for immediate action on the front of pension reforms. Their recommendation is to trim down pension funds through a series of reforms.

One of the central points of concern is the exponential increase in the pension budget, which has surged by an astounding 500 percent over the past 12 years. To address this, the IMF is calling for a fundamental shift that would segregate pensions from the national budget, sources revealed.

The IMF wants Pakistan to remove pensions from the overarching national budget and their relocation to a dedicated pension fund. This strategic unbundling of pensions from the budget is believed to be a significant move that, if adopted, would help in reducing the fiscal deficit, a point strongly recommended by the IMF.

Another proposal set forth by the IMF revolves around discouraging early retirement, a practice the lender argues should be curbed to ensure the long-term sustainability of the pension system. The Fund envisions a streamlined pension structure, where pensioners would be entitled to just one pension, sources added.

In line with this simplification, the IMF is also suggesting that retired officers who have served in various institutions should not receive pensions from multiple sources. A concerted effort to end the practice of awarding up to three pensions to a single retiree is another crucial recommendation put forth by the IMF.

Source: Pro Pakistani

BeyondGreen Solar Solutions: Lighting Up Pakistan with Sustainable Energy

In the heart of Pakistan’s bustling metropolis, Karachi, a solar revolution is taking place. BeyondGreen Solar Solutions, a beacon of sustainable energy, is leading this charge. But how did this journey begin, and where has it led the company today?The…

In the heart of Pakistan’s bustling metropolis, Karachi, a solar revolution is taking place. BeyondGreen Solar Solutions, a beacon of sustainable energy, is leading this charge. But how did this journey begin, and where has it led the company today?

The Genesis of BeyondGreen

BeyondGreen Solar Solutions embarked on its mission in 2015 when it expanded its operations to Pakistan. The primary goal was clear: to address Pakistan’s escalating energy demand and bridge its energy crisis with top-tier, Blooming-listed products. The vision was not just to provide energy but to ensure it was sustainable and affordable.

Milestones and Achievements

In a relatively short span, BeyondGreen has made significant strides in the solar energy sector. The company boasts the installation of over 1000 solar systems across Pakistan, translating to more than 20MW of green energy. This impressive feat includes powering some of the country’s renowned industrial and corporate giants.

Their dedication and commitment to quality service haven’t gone unnoticed. BeyondGreen was honored with the 15th Consumer Choice Award as the Best Emerging Solar Provider in Pakistan. Today, they proudly stand as the #1 Solar brand in Karachi.

Major Collaborations

BeyondGreen’s client list reads like a who’s who of the corporate world in Pakistan:

Haji Adam and Sons – 900KW On-Grid system

Towellers – 880KW On-Grid system

Bahria Town – 780KW On-Grid system

Pepsi Co – 599KW On-Grid system

Ahmed Foods – 480KW On-Grid system

Rehmat e shereen – 350KW On-Grid system

Alamgir Welfare Trust – 250KW On-Grid system

Lal QiLa – 50KW On-Grid system

Bonanza Satrangi – 50KW On-Grid system

CEO of Unilever Mr. Amir Paracha – 30KW On-Grid system

Voices from the Field

Clients have consistently lauded BeyondGreen for its exceptional service.

Mr. Amaduddin Zia, CEO of Ahmed Foods, praised the company’s after-sales service, emphasizing its pivotal role in their decision to choose BeyondGreen. He said “Beyondgreen solar has achieved millstone and has quite a footprint in the industry. The after-sale service of the company makes it the best amongst all, and the reason for us choosing this company. It’s been six months since we got the pilot version installed. so far, we are quite satisfied with the after-sale services and active response. we have decided to move towards another project for the company as well as my residential place.”

Similarly, Mr. Sheikh Uzair Ahmed, CEO of KT Industries, highlighted the company’s commitment to output and service despite the competitive market. “I got good references from the market and good services too. The after-sale services are remarkable, which brings me to Beyondgreen Solar. I got the committed output, and it is one of the best service companies in Pakistan despite such a competitive market. I have always been satisfied with Beyondgreen Solar Solutions, and hope to continue my good terms with the company,” he said.

Mr. Parvaiz, COO of Towellers, expressed his trust in BeyondGreen, appreciating their solutions and forward-thinking approach. He added: The way Beyondgreen provided me solutions, the way they presented, I have full trust in the company. Beyond Solar Solutions not only helped me in enhancing solar capacity but also allowed me the versatility of building on top and room for future expansion. Hopefully, the level of service will continue as it is and hopefully, we will make it work together, in the longer term.”

Unique Selling Propositions (USPs)

Fastest Solar Installers: BeyondGreen takes pride in being Pakistan’s swiftest solar installers, ensuring timely deployment of solar solutions.

Unwavering After-sales Support: The company offers a complimentary three-year after-sales service package, emphasizing the importance of long-term customer support.

Exclusive Partnerships: As official partners and distributors of tier-one solar components, BeyondGreen guarantees top-quality products for its customers.

Karachi’s Premier Solar Brand: With the highest number of net meter installations in Karachi, BeyondGreen has solidified its position as the city’s leading solar brand.

BeyondGreen Solar Solutions is not just a company; it’s a movement. A movement towards a brighter, greener, and more sustainable future for Pakistan. Through its unwavering commitment, innovative solutions, and customer-centric approach, BeyondGreen is indeed lighting up Pakistan, one solar panel at a time.

Source: Pro Pakistani

Sindh Launches Action Against Influential Land Grabbers

In a major decision, the government of Sindh has decided to initiate action against influential land grabbers of the province.In a meeting headed by Director Anti-Encroachment Force Raja Tariq Chandio, it was decided to retrieve land worth billions fro…

In a major decision, the government of Sindh has decided to initiate action against influential land grabbers of the province.

In a meeting headed by Director Anti-Encroachment Force Raja Tariq Chandio, it was decided to retrieve land worth billions from the possession of high-profile criminals.

The meeting was attended by DSP Operations, Tariq Islam, AD Abdul Wahid Billu, and other other officials. Furthermore, a task force has also been formed aimed at retrieving government and private land.

According to the statistics of the Anti-Encroachment Force, legal action has been taken against 480 land grabbers in the province. Furthermore, Authorities have charged 473 land grabbers in Karachi alone.

The officials revealed that 99% of these cases are linked to organized criminal networks.

While speaking at the meeting, Raja Tariq Chandio stated that the situation is worrying. He added that SHOs across the province have been ordered to expedite efforts in arresting wanted criminals.

Source: Pro Pakistani

Pakistan, Russia call for strengthening bilateral cooperation in diverse sectors

Caretaker Prime Minister Anwaar-ul-Haq Kakar has reaffirmed Pakistan’s commitment to further expand and strengthen bilateral cooperation with Russia in the areas of trade and investment, energy, connectivity, defence, intelligence sharing and counterte…

Caretaker Prime Minister Anwaar-ul-Haq Kakar has reaffirmed Pakistan's commitment to further expand and strengthen bilateral cooperation with Russia in the areas of trade and investment, energy, connectivity, defence, intelligence sharing and counterterrorism.

He expressed the commitment while talking to Russian President Vladimir Putin in Beijing today on the sidelines of Belt and Road Forum.

Speaking on the occasion, he stressed the need for enhanced regional integration for economic development of the entire region.

He said both countries have convergence of interests especially on the issue of terrorism. He termed bilateral cooperation as vital for the establishment of peace and security in Afghanistan.

The Prime Minister said we will welcome Russian investment in the energy sector.

In his remarks, the Russian President said stability is inevitable for ensuring economic progress. He said the potential of economic cooperation between both countries is much bigger.

The Russian President vowed to take additional steps for enhancing bilateral cooperation. Highlighting the steps taken to ensure the food security in international level, he said that Russia has planned to provide free cereals to the under-developed African countries.

Both leaders discussed the prospects of enhancing Eurasian connectivity and Pakistan's pivotal role in regional integration through rail, road and energy corridors.

They also exchanged views on regional and global developments including the evolving situation in the Middle East.

It is pertinent to mention that this year, Pakistan and Russia are commemorating the 75th anniversary of establishment of diplomatic relations.

Source: Radio Pakistan

PTCL Group Posts Double-Digit Revenue Growth of 26.3%

Pakistan Telecommunication Company Limited (PTCL), the leading telecom and ICT services provider in the country, has announced financial results for the nine months ended September 30, 2023. The announcement was made during the Board of Directors’ meet…

Pakistan Telecommunication Company Limited (PTCL), the leading telecom and ICT services provider in the country, has announced financial results for the nine months ended September 30, 2023. The announcement was made during the Board of Directors’ meeting held in Dubai on October 17, 2023.

In the first nine months of 2023, PTCL Group has maintained its strong performance, strengthening its status as Pakistan’s top integrated telecom service provider. Despite the challenging economic environment, the Group has achieved an impressive 26.3% increase in revenue compared to the same period last year. This substantial growth can be mainly attributed to outstanding performance in various sectors, including fixed broadband, mobile data, business solutions, and mobile banking services.

The business environment in 2023 remains affected by the unfavorable macroeconomic challenges that emerged in 2022. Increasing energy and fuel costs persist as hurdles for telecom companies, making it challenging to offer top-notch services to consumers at reasonable rates. Network expansion plans were also affected by the adoption of measures aimed at regulating foreign currency reserves.

The substantial devaluation of the Pakistani Rupee during the first quarter, coupled with mounting interest rates and an additional super tax alongside regular corporate tax, has significantly affected profitability. To address the challenges being faced by the telecom sector, it is imperative that the government offers policy intervention to alleviate the impact.

PTCL Group Highlights

PTCL Group’s revenue of Rs 139.6 billion in 2023 is 26.3% higher as compared to the same period of last year.

The Group’s profitability was, among other factors, particularly affected by significant Rupee devaluation during the period as the Group has unhedged FOREX liabilities. The Group has posted a net loss of Rs 9.3 billion.

PTCL continued its growth trajectory by posting 17.2% YoY revenue growth.

PTML’s (Ufone) revenue grew remarkably by 24.3% YoY as compared to the same period of last year.

Ubank has achieved a significant 80.3% growth in its revenue over the same period of last year.

PTCL Highlights:

PTCL’s revenue of Rs 71.6 billion for the period is 17.2% higher than 2022, mainly driven by growth in Carrier and wholesale, Enterprise, and Broadband segments.

The company has posted an operating profit of Rs 4.2 billion, with an impressive 29.6% growth over last year and a net profit of Rs 7.6 billion.

PTCL Consumer Business:

PTCL Fixed Broadband Business achieved significant revenue growth of 16.7% vs. last year. PTCL Flash Fiber remains the fastest-growing operator through the highest net adds contribution in the industry. This phenomenal growth has been possible through the aggressive expansion of PTCL Flash Fiber and dedicated customer experience throughout the country.

PTCL Flash Fiber reported 104.9% revenue growth YoY. Moreover, the IPTV segment has been further equipped with the addition of 50 channels, reaching a total of 200 channels to cater to growing customer TV viewing needs. Voice and Charji revenue streams continued the declining trajectory impacted by OTT services and competition from cellular operators.

PTCL Business Services:

The business services segment continued its momentum, sustaining market leadership in IP bandwidth, Cloud, Data Center, and other ICT services segments. PTCL’s enterprise business grew by 31.8% as compared to last year, while the carrier and wholesale business continued its growth momentum and achieved 29.2% overall revenue growth.

International voice revenue has increased by 17.9% as compared to last year. Despite the current challenging economic environment, overall Business Solutions revenue has shown a remarkable 27% year-on-year growth.

As Pakistan’s primary telecom provider and the core of the country’s connectivity, PTCL Group is committed to providing creative solutions that propel the advancement of a ‘Digital Pakistan’. This is accomplished by building a strong telecommunication infrastructure and offering a diverse range of services; all focused on elevating customer satisfaction and hastening progress in the nation.

Ufone 4G|PTCL Business Solutions has partnered with DynaSys to support the IoT and Satcom needs of business partners. It will help achieve that objective by providing futuristic, innovative, and cost-effective solutions even in the remotest parts of the country. In addition, the company has joined hands with ChildLife Foundation to provide telecom services for the remote telemedicine facility in more than 200 telemedicine satellite and emergency centers across Pakistan.

Moreover, PTCL and the Board of Revenue Baluchistan signed an agreement for the provisioning of IaaS Smart Cloud Services at PTCL’s Tier-III Data Center for Land Record Management System (LRMS) and Fiber Optic Connectivity at Facilitation Centers in different districts of the province.

PTML – Ufone 4G Highlights:

Ufone 4G, for the first time in history, has crossed a milestone mark of 25 million subscribers in Q3’23 and reported a 24.3% YoY revenue increase. Ufone 4G posted the highest net adds in the industry and led the industry in 4G acquisitions during the quarter.

The company’s 4G base crossed the mark of 14 million for the first time in Sep’23. This growth has been possible due to better customer experience and digital engagement through multiple data-centric products and strategic partnerships with leading digital platforms. Ufone 4G continues its network modernization activities to provide unmatched customer experience across Pakistan.

The company has started transforming its flagship joint shops nationwide into Digital Lifestyle Experience Shops aimed at delivering an end-to-end digital lifestyle experience to its customers. The joint shops are equipped to provide a comprehensive suite of world-class services, including a wide range of handsets, internet devices, repair and maintenance, exclusive discounts and value-added offers.

Ufone’s Upaisa is now part of eandMoney, UAE and MobilyPay, KSA Apps menu facilitating Pakistani diaspora to send money directly into UPaisa wallets by using these apps.

Ubank Highlights:

Ubank, a microfinance and branchless banking subsidiary of PTCL, continued its growth trajectory and has achieved a remarkable 80.3% growth in revenue over the corresponding period of last year while maintaining a strong balance sheet position.

The bank stands resolute in its commitment towards financial and social inclusion, utilizing its extensive outreach to provide exceptional services to a diverse clientele across the length and breadth of the country through its rural retail banking, corporate finance and investment banking, Islamic banking, urban retail banking, corporate banking, and digital banking canvases.

Corporate Social Responsibility:

In the first nine months of 2023, PTCL Group actively engaged in various CSR endeavors to reinforce its role as a national carrier. These initiatives included a collaboration with GSMA, focusing on addressing Digital Gender Disparity through a workshop aimed at bridging the gender gap in mobile usage in Pakistan.

Additionally, PTCL and Ufone 4G partnered with the Parks and Horticulture Authority (PHA) in Rawalpindi to carry out a tree planting campaign at Khajut on Murree Expressway. This effort aimed to promote environmental conservation and bolster the country’s resilience against climate change.

Furthermore, in response to severe natural disasters in North African countries like Morocco and Libya, the Group spearheaded a significant CSR project. The initiative’s goal was to facilitate free calls connecting families in Pakistan with their affected loved ones in those crisis-stricken regions.

Lastly, PTCL Group collaborated with ConnectHear, a social enterprise dedicated to empowering individuals with hearing impairments, to organize a sign language training session for its Customer Service Center. Demonstrating its commitment to social responsibility, PTCL Group actively contributes to the well-being of society.

Source: Pro Pakistani