Tag: Norway

  • PSO reportedly planning to buy Telenor to expand its business beyond oil

    PSO reportedly planning to buy Telenor to expand its business beyond oil

    Pakistan State Oil (PSO) is reportedly conducting due diligence on the Pakistani operations of a Norwegian telecommunications operator, in response to Telenor’s plans to sell its Pakistani operations valued at around $1 billion. Pending regulatory approval, PSO has expressed interest in acquiring Telenor Pakistan and Easypaisa, following the completion of bidding documentation and due diligence.

    Easypaisa, a leading mobile wallet, mobile payments, and branchless banking services provider, boasts a significant customer base of nine million monthly active users. Launched in 2009 as a money transfer service through Unstructured Supplementary Service Data (USSD) channels, Easypaisa introduced a mobile app in 2016, offering a broad range of financial transactions. Telenor Microfinance Bank owns Easypaisa, and jointly, Telenor Group most recently launched a debit card on January 17, 2023.

    According to Mettis Global, Telenor Pakistan’s decision to exit the market stems from heavy taxation on the telecommunications industry and the policies of the Pakistani Telecommunication Authority (PTA), which have significantly reduced its revenues. Although Telenor Pakistan has faced operational losses for the past three years, there is no certainty that discussions regarding the sale of its Pakistani operations will result in a transaction.

    For PSO, the potential acquisition of Telenor’s operations in Pakistan aligns with its efforts to expand its business beyond traditional oil and gas. If successful, the acquisition could enable PSO to diversify its revenue streams and leverage Pakistan’s growing digital payments market.

  • ‘We would much appreciate if you could label us as Norway’: Norwegian ministry asks Twitter to remove Nigeria labels

    ‘We would much appreciate if you could label us as Norway’: Norwegian ministry asks Twitter to remove Nigeria labels

    In an apparent instance of name confusion, Norway’s foreign ministry complained to Twitter on Tuesday that it had been mistakenly labeled as representing Nigeria.

    Both the foreign minister Anniken Huitfeldt and Norwegian Prime Minister Jonas Gahr Stoere’s Twitter accounts were also identified as representing Nigeria.

    Some accounts on Twitter have labels and little flag icons to indicate their association with governments; however, this appears to be a significant blunder that surely cannot be expected from a billion-dollar platform.

    “Dear @TwitterSupport, as much as we enjoy our excellent bilateral relations and close alphabetical vicinity with Nigeria, we would much appreciate if you could label us as Norway,” the Norwegian foreign ministry tweeted.

  • Bilawal appeals to media to ignore ‘tamasha in Islamabad’ and focus on floods

    Pakistan People’s Party (PPP) Chairman Bilawal Bhutto-Zardari appealed to the media that the number one priority at the moment should be the flood-affected people across the country.

    “Whatever tamasha that is going on in Islamabad should be kept aside during this national calamity that has hit us. Those who have been affected by floods don’t have food or roofs over their heads anymore. Floods have taken everything from them. So I appeal to media owners, politicians, federal government and the provincial governments that all attention must be given to the people suffering right now,” said Bilawal Bhutto.

    Bilawal visited different areas of Sindh affected by heavy rains and floods.

    PPP co-chairperson Asif Ali Zardari said that all attention must be given to the flood-affected people across the country.

    “We should all focus on the flood-affected people,” said Zardari.

    ‘I will live among the people in this difficult situation,’ Bilawal postpones official visit to Europe

    Bilawal postponed his official visit to four European countries due to the calamities across Pakistan caused by the ongoing heavy monsoon rains and flooding.

    “My countrymen are suffering and I cannot go abroad in these circumstances,” said Bhutto in a statement. “I will live among the people in this difficult situation.”

    Bilawal Bhutto also instructed elected representatives of the Pakistan People’s Party (PPP) to stay among the people in their constituencies.

    According to a statement by the foreign ministry, Bilawal delayed his European visit due to the heavy damages to lives and property caused by the torrential rains in the country.

    The FM was set to depart on a four country-trip including Germany, Denmark, Sweden and Norway in a bid to strengthen Pakistan’s engagement with Europe and share its perspective on regional and global issues from August 22-26.

    Bilawal’s visits to these capitals will be rescheduled at mutually agreed later dates in consultation with the host governments, said the ministry.

    At least 400 people have died in floods caused by heavy rains in Sindh and Balochistan provinces. According to the data issued by the National Disaster Management Authority (NDMA), 216 people have lost their lives to rain and flood-related incidents in Balochistan and 216 people have lost their lives in Sindh.

    Read More: Floods in Balochistan and Sindh kill at least 400 people

    A total of 777 people have died in the country from June 14 to August 21

     

  • Norway takes back decision to boycott Qatar World Cup 2022

    Norway takes back decision to boycott Qatar World Cup 2022

    Norwegian Football Federation (NFF) on Sunday ruled out the decision of boycotting next year’s FIFA World Cup in Qatar, amid the pressure from grassroots activists over accusations of the mistreatment of migrant workers.

    As per reports, a congress was called by the federation to make a final decision in which 368 delegates voted for a motion rejecting a boycott while 121 were in favour.

    In addition to this, Sandvik, spokesman of the Norwegian Supporters Alliance (NSA), said the matches in Qatar will “unfortunately be like playing on a cemetery”.

    The movement was highlighted when the Norwegian professional football club, Tromsø IL, spoke out against the Gulf State. This year in March, Norwegian National Football players wore t-shirts with the slogan ‘Human rights, on and off the pitch’, as they were warming up before FIFA World Cup Qatar 2022 qualification match.

    Norway is currently fourth in its World Cup qualifying group and hasn’t qualified for a major international Football competition since Euro 2000.

    It is to be noted that not only Norway but other European countries such as Germany and Netherlands have protested against the Gulf State.

    The major reason behind the boycott is that a media report published earlier this month alleged that approximately 6,500 migrant workers from South Asia had died in Qatar since 2010 when the country was awarded hosting rights of the 2022 tournament. In the past, there were also a lot of protests against harsh working conditions, especially during the summer, they are forced to work under the scorching sun.

    There is a lack of rights for migrant workers, who comprise about 95 percent of Qatar’s population, reports Al Jazeera.

  • Pakistan condemns burning of Holy Quran at anti-Islam protests in Sweden, Norway

    Pakistan condemns burning of Holy Quran at anti-Islam protests in Sweden, Norway

    The Foreign Office on Sunday strongly condemned recent incidents in Sweden and Norway in which copies of the Holy Quran were reportedly burnt, saying that “freedom of speech can’t justify religious hatred”, Dawn reported.

    In a statement issued on Twitter, FO spokesperson Zahid Hafeez Chaudhri further said:

    “The rise of such Islamophobic occurrences goes against the spirit of any religion.”

    “Ensuring respect for religious beliefs of others is a collective responsibility and is absolutely critical for global peace and prosperity,” Chaudhri added.

    A day earlier, a riot broke out in the southern Swedish town of Malmo, where at least 300 people had gathered to protest against anti-Islam activities, police said.

    Protesters were throwing objects at police officers and car tyres had been set on fire, a police spokesman said. Earlier in the day, a copy of the Quran had been burned in Malmo by right-wing extremists.

    The demonstrations had escalated in the same place where the Quran had been burned, the spokesman added.

    Daily Aftonbladet said several anti-Islam activities had taken place in Malmo on Friday, including three men kicking a copy of the Quran between them in a public square.

    Meanwhile, at an anti-Islam protest on Saturday in Oslo, Sweden — held by the far-right group Stop the Islamisation of Norway (SION) — a protester tore out pages of the Quran and spat on them, Anadolu Agency reported.

  • Norway to distribute 10,000 copies of Holy Quran to combat extremism, hate

    Norway to distribute 10,000 copies of Holy Quran to combat extremism, hate

    Norway’s Muslim associations have announced they would distribute 10,000 copies of the Holy Quran with Norwegian translations in an effort to fight racism, hate and extremism.

    According to the the Norwegian Muslim Arts and Culture Association reported, it will be a collaboration with the Islam Literature Association and the Minhajul Quran mosque.

    “We want to respond to negative actions by spreading love and knowledge as taught by the Holy Quran,” said Muslim Arts and Culture Association in a statement, indicating that the copies would be handed out via the internet.

    The decision comes after an extreme right-wing group tried to burn a copy of the holy book during a protest in Kristiansand, a city populated with migrants.

    ‘Stop the Islamisation of Norway (SION)’ members were prevented from the desecrating by police, however, the group’s leader threw the holy book in the garbage.

    Turkey, Pakistan, Iran reacted strongly to the November 16 incident by issuing their formal condemnations.

    After receiving reactions from the Muslim community, Norwegian Politician Jøran Kallmyr held a meeting with the Islam Council of Norway and assured them that “Norway has distanced itself from the anti-Islamic organisation and said it does not provide any support to this organisation.”

    Kallmyr said that the Norwegian Muslim community’s safety was as important as the Norwegian citizens.