Pakistan Assembles 12.5 Million Mobile Handsets in First Five Months of 2025 Amid Declining Imports

Pakistan assembled 12.5 million mobile phones locally in the first five months of 2025, significantly outpacing imports which declined by over 16%. PTA recorded 10,000 telecom complaints in May with a 98% resolution rate. Smartphones make up 67% of devices on Pakistan’s networks, highlighting strong local production and ongoing sector improvements.

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Ecobank and Google Cloud Partner to Drive AI-Enabled Digital Transformation in African Financial Services

Ecobank and Google Cloud have partnered to transform African financial services using AI and advanced analytics. The collaboration aims to enhance payment and remittance solutions, improve SME financing, and develop user-friendly digital banking platforms across 33+ African countries, supported by Google Cloud’s technology and expert services.

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Bahrain’s Central Bank Introduces Comprehensive Stablecoin Regulations with 1:1 Reserve Requirement

Bahrain’s Central Bank has introduced a comprehensive stablecoin regulatory framework mandating licensed issuance, full fiat backing with a 1:1 reserve ratio, and robust governance measures. The rules aim to ensure legal clarity, consumer protection, and financial stability, reinforcing Bahrain’s leadership in regulated digital assets and fintech innovation.

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