Veon Group Invests $15 Million to Strengthen Mobilink Bank’s Growth in Pakistan

Veon Group has invested US$15 million in Mobilink Bank to expand its microfinance offerings, explore Islamic banking, and enhance its digital capabilities. This strategic investment will support financial inclusion and socio-economic development in Pakistan, aligning with Veon’s goals to foster technological innovation and sustainable growth in the financial sector.

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Symmetry Group Partners with Aleph Holdings to Leverage Spotify for Digital Advertising Growth in Pakistan

Symmetry Group has partnered with Aleph Holdings to bring Spotify’s advanced advertising solutions to Pakistan. This collaboration will allow local businesses to reach targeted audiences through Spotify’s platform, with an expected $5 million in additional revenue in the first year. The partnership marks a significant milestone in Pakistan’s digital advertising ecosystem.

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Egypt Launches Mobile Phone Registration System to Combat Smuggling and Promote Local Manufacturing

Egypt has launched the “Telephony” mobile app to combat mobile phone smuggling and promote local manufacturing. The app allows citizens returning from abroad to register phones for personal use, exempt from fees. The initiative aims to protect consumers, reduce unfair competition, and support Egypt’s digital transformation aligned with Vision 2030.

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Elon Musk Announces Starlink Launch in Pakistan, Pending Approval

Elon Musk has confirmed that Starlink, his satellite internet service, is set to launch in Pakistan pending government approval. This development comes amid Pakistan’s struggles with internet disruptions and infrastructure challenges. Starlink’s technology promises to revolutionize internet access, offering high-speed satellite connectivity to both urban and remote areas.

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