On July 17 last year, Wateen laid off more than 20% of its work-force, sending shivers down the spine of every employee. There were questions asked about the stability of the organization and how long it would last. Wateen also responded to our story, which may be read here.
Well, it appears as if CEO Naeem Zamindar had planned things well. We have received an email the CEO has sent us to all Wateen Telecom employee’s which mentions of a proposal submitted to Board of Governors to announce a bonus plan for all employees.
Following is the text of the email, as shared with us by Wateen’s PR agency:
We have worked very hard to stabilize Wateen over the last year. We’ve seen many of our friends move on after the restructuring. The structural change in business – the Line of Business model – has brought in a great many efficiencies in the business. Culturally, we’ve gone from being a closed and dictatorial culture to a much more open, relaxed and dynamic company where people now speak up, ask questions and expect answers. The fire that destroyed our head office was a huge setback but we have bounced back and continued to make progress. We’ve achieved significant progress by reducing our costs and improving our margins. Our LDI business has moved up to number 2 in the country and overall the company is on its way to becoming more stable.
In a press release received by Telecomistan.com, Warid Telecom has introduced a first of its kind offer that allows users to use 2 numbers on 1 SIM card instead of carrying a dual SIM handset.
Leading the innovation with many firsts in the telecom industry of Pakistan, Warid Telecom brings yet another exciting Double Number Offer which allows Warid users to get two numbers on one SIM without carrying two handsets or dual SIM handsets. All Warid prepaid customers can avail this exciting offer.
Looks like the race for capturing and attracting Blackberry customers is on! After Ufone introduced low cost BlackBerry Internet service packages back in March (earlier this year), Warid has sprung a surprise for its customers as well.
The packages are priced the same as ufone, that is, starting from Rs. 350 per month.
The BB 9220 is being shipped with the new BlackBerry OS 7.1 and features a powerful 512 MHz processor with built in 2G, GPS, Wi-Fi, Bluetooth and, BBM. The new curve is only 12.7mm thick, and weighs102g. The left-hand side has the micro USB charging/syncing port, while the right has both a volume rocker and convenience key. The back side sports 2MP camera on left side. The battery cover is made of a high gloss plastic, which is extremely sleek and stylish.
On July 17, Telecomistan.com published a story regarding large scale lay off’s at Wateen Telecom. In response to this publication, we have received a formal response to our story from one of Wateen telecom’s media agencies.
We are also well aware of Wateen’s problems, both internal and of the WiMAX market in general. While the lay-offs are most unfortunate, we will continue our practice of presenting both sides of the story and are publishing Wateen’s response from our viewers below. You are encouraged to respond to them in the comments section.
The application, called eTaleem, allows people to easily access lessons for Urdu reading, phonetics, word synthesis, sentence making, and basic math. It is available on the normal Nokia S40 Operating System/platform and is part of the UNESCO “Mobile Literacy training for Literacy Training of Rural Female Adults”.
According to a press release received by Telecomistan.com, the latest Pakistan Social and Living Standards Measurement (PSLM) Survey 2010-11 highlights that the literacy rate across Pakistan is 58 percent, with lower rates in rural areas for women.
The State Bank yesterday issued its Branchless Banking newsletter on Thursday (June 28, 2012) accompanied with a formal press release that mentions a 23% increase compared to the previous quarter.
According to the press release:
Branchless Banking (BB) continued to show a rising trend in the third quarter (January‐March 2012) of the current fiscal year (2011‐12) during which BB transactions surged by 23 percent to 25.3 million as compared with 20.6 million in the preceding quarter. The value of these transactions was recorded at Rs 85.092 billion, showing a growth of 7 percent as compared with Rs 79.410 billion in the quarter ended on December 31, 2011.
According to SBP’s ‘Branchless Banking Newsletter’, the average daily BB transactions increased to 280,798 in the third quarter showing a growth of 23 percent as compared to 228,858 transactions in the previous quarter. BB deposits grew by 18 percent to Rs 594 million in Jan‐March 2012 quarter as compared with Rs 503 million in the preceding quarter.