Pakistan’s Telecommunication Industry Faces Growth Challenges Amid Political Uncertainty and High Costs

Pakistan’s telecom sector is hindered by political instability, low returns, and a dollar-based spectrum auction fee. Slow internet speeds caused by firewall installations have impacted IT businesses, leading many to relocate. Additionally, the mismatch between revenue in rupees and dollar-denominated fees worsens the financial challenges faced by the industry.

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Oman Strengthens Industrial Hub Position with Investments in Semiconductors and Electric Vehicles

Oman’s Minister of Commerce, Industry and Investment Promotion met with Taiwanese and Chinese tech representatives to discuss investments in semiconductors and electric vehicles. These projects align with Oman’s Industrial Strategy 2040, focusing on capital-intensive and knowledge-based industries to drive economic diversification and industrial growth in the Sultanate.

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