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BingX Accelerates Multi-Asset Expansion with Strong Q2 Growth
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BingX Accelerates Multi-Asset Expansion with Strong Q2 Growth

BingX Reports Strong Q2 2026 Growth as Multi-Asset Trading Gains Momentum Pakistan, July 16, 2026: BingX, a leading cryptocurrency exchange and Web3-AI company, has released its BingX Q2 2026 business review, highlighting significant growth in traditional financial (TradFi) trading, new product launches, and continued investment in its multi-asset trading ecosystem. The company said the second quarter marked a major milestone in its strategy to integrate traditional financial markets with digital assets through a single trading platform. TradFi Trading Volumes Record Strong Growth BingX reported robust growth in its TradFi offering during Q2, with more than 120 trading pairs now available across its platform. Daily trading volume in BingX TradFi Stocks surged by more than 700% over a five-day period, driven by growing investor interest in globally recognized companies including SpaceX, NVIDIA, and Samsung. According to the company, cumulative stock trading volume exceeded $2.7 billion, while stock index trading volume surpassed $8 billion during the past two months. The exchange said the performance reinforces its position as a unified multi-asset platform where users can trade stocks, forex, indices, commodities, and cryptocurrencies through a single account. Growing interest in private-market investment products, including SpaceX Pre-IPO perpetual futures and the OpenAI Pre-IPO Airdrop, also contributed to the expansion of BingX’s TradFi ecosystem. EventX Expands Beyond Traditional Markets During the quarter, BingX introduced EventX, a new contracts feature that enables users to trade on the outcomes of real-world events. The company said the product expands its multi-asset ecosystem beyond conventional financial markets by allowing traders to participate in event-based markets. The platform currently offers more than 200 event markets, providing users with additional trading opportunities across a broader range of market events. BingX Card Enhances Crypto Spending BingX also launched the BingX Card, extending the practical use of digital assets beyond trading. Powered by Wirex, the card enables users to spend cryptocurrencies, withdraw funds, and earn rewards directly from their crypto holdings without manually converting assets into fiat currency. According to the company, the BingX Card has already attracted more than 10,000 reservations, reflecting strong user interest in crypto payment solutions. Trading Platform Receives Institutional-Grade Upgrade To support its expanding user base, BingX continued investing in its trading infrastructure throughout Q2. The company introduced Ultra TradingView, an advanced trading interface that delivers institutional-grade charting, market analysis, and execution tools for professional and experienced traders. The upgrade is designed to improve the trading experience across BingX’s growing range of traditional and digital asset offerings. Company Focused on Unified Multi-Asset Platform Commenting on the company’s progress, Pablo Monti, Brand Spokesperson at BingX, said the distinction between traditional finance and digital assets continues to narrow. “The boundaries between traditional finance and digital assets continue to disappear. Our focus is no longer simply expanding product offerings, but building a unified platform where users can seamlessly access every major asset class through one account and one trading experience. The progress we achieved in Q2 demonstrates that this vision is increasingly resonating with users worldwide.” About BingX Founded in 2018, BingX serves more than 40 million users worldwide and ranks among the world’s leading cryptocurrency derivatives exchanges. The platform offers a wide range of AI-powered financial products and services, including futures trading, spot trading, copy trading, and TradFi products designed to meet the needs of both retail and professional investors. BingX has served as the Principal Partner of Chelsea FC since 2024 and became the official cryptocurrency exchange partner of Scuderia Ferrari HP in 2026, further strengthening its global brand presence. The company’s latest quarterly results underscore its continued focus on expanding multi-asset investing, enhancing trading technology, and bridging the gap between traditional financial markets and the digital asset economy.

National CERT Cybersecurity Advisory Warns Pakistan After Global Fortinet Hack Hits 74,000 Devices
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National CERT Cybersecurity Advisory Warns Pakistan After Global Fortinet Hack Hits 74,000 Devices

Pakistan’s National Computer Emergency Response Team (National CERT) has issued a critical cybersecurity advisory, warning government departments, financial institutions, telecommunications operators, energy companies and other critical infrastructure organizations to immediately strengthen the security of their Fortinet firewall and virtual private network (VPN) systems following a massive global cyber intrusion campaign. The National CERT cybersecurity advisory comes after cybersecurity researchers uncovered a widespread compromise involving nearly 74,000 internet-facing Fortinet FortiGate firewall devices across 194 countries, raising concerns that attackers may have gained unauthorized access to sensitive enterprise and government networks. According to the advisory, approximately 73,932 Fortinet FortiGate firewall instances were found to have been compromised during the campaign, exposing administrative credentials and significantly increasing the risk of unauthorized access to organizations around the world. National CERT Warns of Widespread Fortinet Cyber Threat National CERT warned that the campaign presents an elevated cyber threat to both Pakistan’s public and private sectors, particularly organizations that operate internet-exposed Fortinet FortiGate firewalls or SSL VPN gateways. The advisory said the attacks appear to have been carried out by organized cybercriminal groups conducting coordinated operations designed to harvest credentials, crack VPN passwords, launch brute-force attacks and move laterally across internal enterprise networks after gaining initial access. According to National CERT, the attackers exploited publicly accessible FortiGate management interfaces and legacy credential storage mechanisms to obtain administrator-level access before establishing persistent access inside victim organizations. The advisory emphasized that the scale and sophistication of the campaign require immediate action from organizations using Fortinet infrastructure. “The scale, sophistication and active exploitation observed require organizations utilizing Fortinet FortiGate infrastructure to immediately assess their exposure, implement remediation measures and conduct threat-hunting activities,” National CERT said. Officials warned that organizations failing to investigate and secure potentially compromised systems could face serious cybersecurity consequences. Potential Risks for Government and Businesses Potential risks include unauthorized administrative access, compromise of VPN gateways, theft of sensitive usernames and passwords, breaches of Active Directory environments, installation of persistent backdoors, theft of confidential data and manipulation of firewall security configurations. National CERT also cautioned that successful attacks could expose highly sensitive government and corporate information, interrupt critical public services and create supply-chain security risks through unauthorized access to connected third-party systems. The advisory identified a broad range of sectors facing heightened risk from the ongoing cyber campaign. These include government ministries and agencies, telecommunications companies, banks and other financial institutions, information technology firms, healthcare organizations, educational institutions, manufacturing companies, industrial automation operators, logistics providers and operators of other critical national infrastructure. Warning Signs Organizations Should Investigate To help organizations determine whether they may already have been compromised, National CERT outlined several warning signs that security teams should investigate immediately. These include administrator logins originating from unusual countries or geographic locations, system access outside normal business hours, newly created administrator accounts, suspicious VPN authentication attempts, unexpected changes to firewall rules, unexplained privilege escalation, abnormal outbound network traffic and evidence of lateral movement within Active Directory environments. The advisory urged organizations to treat any such indicators as potential evidence of compromise requiring immediate investigation rather than isolated security incidents. National CERT Issues Immediate Security Recommendations As part of its emergency guidance, National CERT directed organizations to remove FortiGate management interfaces from public internet exposure wherever possible. It also instructed organizations to upgrade immediately to the latest supported FortiOS software versions to address known vulnerabilities and improve overall system security. In addition, all administrator passwords should be reset, while multi-factor authentication (MFA) should be enabled for both administrative accounts and VPN users to strengthen identity protection. National CERT further recommended restricting management access to trusted internal networks, conducting comprehensive reviews of firewall policies and administrator accounts, enabling enhanced security logging and continuously monitoring systems for suspicious or unauthorized activity. Where indicators of compromise are detected, organizations have been advised to assume that attackers may already have established access to their networks. In such cases, National CERT recommended rotating all administrative and service account credentials, thoroughly reviewing firewall and VPN logs, auditing Active Directory environments for evidence of lateral movement and rebuilding affected firewall devices if compromise cannot be confidently ruled out. Critical Actions for Organizations To assist organizations in prioritizing their response, the advisory classified exposure reduction, credential rotation, MFA implementation and threat-hunting activities as critical actions requiring immediate attention. Meanwhile, configuration audits, Active Directory reviews, incident reporting and continuous security monitoring were categorized as high-priority measures that should be completed as part of an organization’s broader incident response process. National CERT also urged organizations to report any suspected firewall compromise, unauthorized administrator access, VPN abuse or other malicious cyber activity through its official incident reporting channels without delay. The advisory stressed that the current campaign should not be viewed as a routine software vulnerability requiring only standard patch management. Instead, organizations should assume the possibility of active compromise and conduct comprehensive investigations to determine whether attackers have already established a presence within their networks. National CERT Calls for Immediate Action The latest National CERT cybersecurity advisory highlights the growing cyber risks facing critical infrastructure worldwide and underscores the importance of proactive cybersecurity measures. With thousands of Fortinet devices compromised globally, Pakistani organizations are being urged to act immediately to secure their networks, protect sensitive data and minimize the risk of disruption to essential public and private sector services.

PTCL Flash Fiber Surpasses 900,000 Subscribers, Reinforcing Leadership in Pakistan's Fiber Broadband Market
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PTCL Flash Fiber Surpasses 900,000 Subscribers, Reinforcing Leadership in Pakistan’s Fiber Broadband Market

PTCL Flash Fiber Surpasses 900,000 Subscribers, Reinforcing Leadership in Pakistan’s Fiber Broadband Market PTCL Flash Fiber Surpasses 900,000 Subscribers, Reinforcing Leadership in Pakistan’s Fiber Broadband Market Islamabad, July 10, 2026: Pakistan Telecommunication Company Limited (PTCL) has reached another major milestone as PTCL Flash Fiber, its flagship fiber-to-the-home (FTTH) service, surpassed 900,000 subscribers. The achievement reflects growing customer confidence in PTCL’s high-speed broadband services and reinforces the company’s position as Pakistan’s largest internet service provider. PTCL Flash Fiber Continues Rapid Subscriber Growth Crossing the 900,000-subscriber mark represents another significant step in PTCL’s mission to expand world-class digital connectivity across Pakistan. The milestone aligns with the company’s long-term strategy of driving digital transformation while supporting the Government of Pakistan’s vision for a hyper-connected Digital Pakistan. With its expanding fiber-optic network, PTCL Flash Fiber has become the preferred broadband service for households, businesses, students, professionals, gamers, and content creators who require fast, stable, and uninterrupted internet connectivity. Ookla Recognizes PTCL’s Network Performance PTCL Flash Fiber’s network quality has also received international recognition from Ookla, a global authority on internet testing and network intelligence. Based on Ookla’s Speedtest Connectivity Report, PTCL earned two major distinctions: The awards highlight PTCL’s strong network performance, low latency, and enhanced customer experience across Pakistan. Growing Demand for High-Speed Fiber Broadband The latest subscriber milestone reflects Pakistan’s increasing demand for reliable fiber broadband as digital adoption accelerates. From remote work and online education to cloud computing, digital entertainment, video streaming, and competitive gaming, high-speed internet has become an essential part of everyday life. PTCL Flash Fiber continues to support these evolving digital needs through its expanding fiber infrastructure. PTCL Reaffirms Commitment to Digital Pakistan Commenting on the achievement, Mohammad Nadeem Khan, President & CEO of PTCL, said the milestone demonstrates the confidence that hundreds of thousands of customers have placed in PTCL Flash Fiber. He added that the company remains committed to expanding its fiber footprint, investing in next-generation network infrastructure, and delivering a superior broadband experience that empowers individuals, businesses, and communities across Pakistan. PTCL Flash Fiber Now Available in 78 Cities PTCL Flash Fiber is currently available in 78 cities across Pakistan, providing reliable fiber connectivity to millions of users nationwide. The continued expansion of its subscriber base reflects PTCL’s sustained investment in next-generation broadband infrastructure, improved service reliability, and enhanced customer experience as demand for high-performance internet services continues to grow.

BingX Launches Global Community Initiative Following Enzo Fernández’s World Cup Goal
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BingX Launches Global Community Initiative Following Enzo Fernández’s World Cup Goal

BingX has launched a global community campaign after brand ambassador Enzo Fernández scored Argentina’s decisive goal to secure a dramatic comeback victory and a place in the FIFA World Cup quarterfinals. The cryptocurrency exchange is celebrating the milestone with limited-time rewards, trading bonuses, and exclusive fan engagement activities for users worldwide. KARACHI: BingX, a leading cryptocurrency exchange and Web3-AI company, has announced a global community initiative following a memorable performance by its global brand ambassador, Enzo Fernández, who scored Argentina’s decisive goal to complete a dramatic comeback victory and secure a place in the FIFA World Cup quarterfinals. According to the company, Fernández’s strike not only sealed Argentina’s victory but also became the 3,000th goal in FIFA World Cup history, marking a significant milestone in the tournament. Limited-Time Community Campaign Announced To celebrate the achievement, BingX is launching a series of limited-time campaigns for its global user community. From July 8 to July 11, eligible users can sign up to receive complimentary voucher airdrops through the platform. In addition, users who participate through BingX’s official social media channels will have the opportunity to win one of 20 USDT trading bonuses. The company also announced exclusive campaigns offering participants the chance to win autographed Enzo Fernández jerseys, including dedicated activities for the Latin American community. BingX Highlights Community Engagement Commenting on the campaign, Pablo Monti, Brand Spokesperson at BingX, said major sporting moments create opportunities to connect communities around shared achievements. “Moments like these bring millions of people together around shared passion and achievement. Enzo’s performance on the world’s biggest stage embodies the mindset we champion at BingX. Together, we hope to inspire our global community to pursue excellence, embrace opportunities, and participate in the future of finance.” Partnership Connects Football and Digital Assets BingX said it will continue leveraging its partnership with Enzo Fernández to strengthen engagement between football fans and the digital asset ecosystem. According to the company, the collaboration supports a range of community initiatives, fan engagement programs, and global campaigns aimed at connecting sports enthusiasts with emerging digital finance opportunities. The latest campaign forms part of BingX’s broader strategy to expand community participation while promoting interaction through exclusive events and reward-based activities.

BingX Launches SK Hynix ADR Pre-IPO Trading with $100,000 Prediction Campaign
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BingX Launches SK Hynix ADR Pre-IPO Trading with $100,000 Prediction Campaign

BingX has introduced pre-IPO trading for SK Hynix ADR ahead of the semiconductor company’s expected Nasdaq debut on July 10, 2026. The cryptocurrency exchange has also launched a $100,000 USDT prediction campaign, allowing users to forecast the stock’s opening price and participate in one of the year’s most anticipated public market events. KARACHI: BingX, a global cryptocurrency exchange and Web3-AI platform, has announced the launch of SK Hynix ADR pre-IPO trading, giving users early access to trade the anticipated listing ahead of the semiconductor company’s expected Nasdaq debut on July 10, 2026. To celebrate the launch, BingX has also unveiled a $100,000 USDT prediction campaign, allowing users to participate by forecasting the opening price of SK Hynix ADR on its first day of trading. BingX Introduces SK Hynix ADR Pre-IPO Trading The launch enables BingX users to gain exposure to SK Hynix ADR before its expected public listing in the United States. According to the company, SK Hynix ADR is expected to become one of the largest public offerings on record, targeting up to $29.4 billion through the issuance of approximately 17.79 million new shares under the ticker symbol SKHY. The listing has attracted significant investor attention as demand for artificial intelligence infrastructure and advanced semiconductor technologies continues to grow. $100,000 USDT Prediction Campaign Announced Alongside the pre-IPO trading launch, BingX has introduced a $100,000 USDT prediction campaign. Participants are invited to predict whether SK Hynix ADR will open above or below $166 on its first trading day. Users can earn voting opportunities by completing designated activities on the BingX platform, while winners will share the prize pool proportionally based on their successful predictions. The campaign aims to increase user engagement around one of the most closely watched public market listings of 2026. AI Boom Drives Investor Interest SK Hynix has emerged as a major player in the global semiconductor industry, particularly in the rapidly expanding artificial intelligence sector. The company pioneered the world’s first High Bandwidth Memory (HBM) product in 2014 and has since strengthened its position as a supplier of advanced memory solutions for AI infrastructure. According to BingX, SK Hynix’s growth has helped lift its market capitalization above $1 trillion in 2026, making its anticipated Nasdaq debut one of the year’s most significant market events. BingX Sees Growing Interest Beyond Crypto Commenting on the launch, Pablo Monti, Brand Spokesperson at BingX, said investor interest is increasingly extending beyond cryptocurrencies to leading global technology companies and high-profile public listings. He said the introduction of SK Hynix ADR pre-IPO trading enables the BingX community to participate in one of the defining financial events of 2026 while expanding access to investment opportunities beyond digital assets. The company added that the initiative reflects its broader strategy of combining cryptocurrency services with emerging financial market opportunities through its Web3 and AI-driven platform.

Telenor Pakistan Officially Merges Into Ufone 5G as PTML Following Court Approval
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Telenor Pakistan Officially Merges Into Ufone 5G as PTML Following Court Approval

Karachi – July 01, 2026: Telenor Pakistan will formally amalgamate into Pak Telecom Mobile Limited (PTML) (Ufone 5G) with effect from July 2026, marking the completion of one of the most significant transactions in the country’s telecommunications history. Read More: https://theboardroompk.com/scra-balance-falls-to-rs26-29-billion-despite-rs8-51-billion-net-securities-buying/ The amalgamation follows the receipt of the final statutory approval from the Islamabad High Court, which brought to close a comprehensive regulatory process spanning multiple regulatory and statutory institutions. From here on, Telenor Pakistan will cease to exist as a separate legal entity. Operations and Customers to Be Integrated Into PTML With this development, Telenor Pakistan’s operations, network infrastructure, and customer base will be fully integrated into PTML (Ufone 5G), creating a combined entity with expanded reach, a stronger spectrum portfolio, and greater capacity to invest in next-generation connectivity and digital services across the country. PTCL CEO Calls It a Defining Moment Speaking on the occasion, President & CEO, PTCL, Hatem Bamatraf, said: “This is a defining moment for our company and for Pakistan’s telecom industry. We are deeply grateful to the Government of Pakistan and to every institution involved in this process for their diligence, and support throughout this journey. I would also like to extend my heartfelt thanks to our customers, whose trust has carried both Ufone and Telenor Pakistan through this transition, and to our employees, whose dedication and hard work made this milestone achievable. As we come together as one company, our ambition is to bring our customers cutting-edge products and services that set a new benchmark for digital experience in Pakistan.” Focus on 5G Expansion and Digital Services The combined entity, a wholly owned independent subsidiary of PTCL, will operate as PTML, with the continued commitment to expanding 5G coverage, strengthening digital infrastructure, and delivering improved services to millions of customers nationwide. Ufone 5G has promised continuity of service for both Ufone 5G and Telenor Pakistan customers during the integration process, with access to superior connectivity and digital experience.

Another Indian Becomes Head of US Tech Giant: Kunal Shah to Lead WhatsApp
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Another Indian Becomes Head of US Tech Giant: Kunal Shah to Lead WhatsApp

Meta Platforms has appointed Kunal Shah, founder of Indian fintech startup CRED, as the new global head of WhatsApp. Read More: https://theboardroompk.com/pakistan-monetary-policy-under-pressure-as-icma-warns-inflation-threat-is-growing/ Current WhatsApp chief Will Cathcart announced the leadership change on X on Monday. Strategic Investment and Leadership Transition Meta is simultaneously leading a $900 million investment in CRED, marking a significant bet on India’s booming fintech sector. Shah will step down from his operational role as CEO of CRED while retaining his shareholding. He joins Meta’s global leadership team to succeed Cathcart. Cathcart, who has led WhatsApp for nearly seven years, will transition to building new products at Meta. Implications for Global Messaging and Fintech The move underscores Meta’s deepening focus on emerging markets, particularly India, where WhatsApp has over 500 million users. CRED, founded in 2018, has grown into a major player in credit card payments and rewards, recently achieving profitability. The fresh capital is expected to support its expansion and potential public listing. Industry observers view this as a landmark moment for Indian entrepreneurs in global tech leadership. Shah brings a builder’s mindset and deep understanding of digital payments and user engagement. WhatsApp continues to expand payments, business tools, and privacy features worldwide. The appointment could accelerate innovation in these areas, especially in high-growth markets. Analysts expect the leadership shift to strengthen Meta’s position in fintech integrations and user monetization strategies.

Pakistan’s Mobile Ownership Gender Gap Falls from 37% to 27%, GSMA
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Pakistan’s Mobile Ownership Gender Gap Falls from 37% to 27%, GSMA

The Telecom Operators’ Association (TOA), together with GSMA, hosted an event to mark the release of the GSMA Mobile Gender Gap Report 2026, which highlights Pakistan’s historic progress in narrowing the mobile gender gap. According to the report, Pakistan recorded the largest improvement among all surveyed countries in narrowing the mobile ownership gender gap, which declined from 37% in 2024 to 27% in 2025. Pakistan also ranked among the top-performing countries across the 14 low- and middle-income countries (LMICs) surveyed, recording improvements across nearly all indicators of women’s digital access and usage. A key highlight of the report was the sharp reduction in the mobile internet gender gap, from 25% to 8% in just one year, among the fastest improvements recorded globally. Women’s mobile internet usage increased significantly, while male usage remained relatively stable, indicating strong momentum in women’s digital adoption. The report also found that 94% of women with their own smartphones use mobile internet daily, compared to 48% among those using shared devices, highlighting the critical role of device ownership in enabling meaningful digital engagement. Speaking at the event, Aamir Ibrahim, Chairman TOA, said: “Pakistan’s progress in narrowing the gender gap in mobile ownership and internet use is a significant achievement and demonstrates what is possible when government, industry, and other stakeholders work toward a shared goal of digital inclusion. Sustaining this momentum will require continued focus on affordability, digital skills, and creating more opportunities for women to independently participate in the digital economy.” Julian Gorman, Head of Asia Pacific at GSMA, said: “Pakistan stands out as one of the strongest performers among the countries surveyed. The substantial reduction in the gender gap reflects meaningful progress driven by collective effort. Ensuring women have access to their own devices and a supportive digital ecosystem will be critical to maintaining this momentum.” Participants highlighted affordability, digital literacy and skills, and social norms and family disapproval as key barriers to women’s internet adoption. They emphasized the need for a multi-dimensional response, including affordable devices, improved digital literacy, safe and inclusive online environments, and efforts to address structural barriers limiting women’s access. Speakers reiterated that mobile internet access enables education, healthcare, financial services, entrepreneurship, and broader economic opportunity, making digital inclusion a key development priority for Pakistan. The Association also welcomed ongoing policy and industry efforts aimed at expanding digital access and inclusion. TOA commended the Government of Pakistan, the Ministry of Information Technology and Telecommunication (MoITT), the Pakistan Telecommunication Authority (PTA), development partners, and industry stakeholders whose collective efforts have contributed to improving digital access for women and accelerating Pakistan’s progress toward a more inclusive digital future.

Apple Price Hike Looms as Memory Chip Crisis Sparks New Reality
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Apple Price Hike Looms as Memory Chip Crisis Sparks New Reality

Apple customers may soon have to pay significantly more for their favorite devices as the artificial intelligence boom continues to shake up the global semiconductor industry. With memory chip prices soaring and supply chains facing fresh disruptions, Apple has admitted that keeping prices stable is becoming impossible. The warning from Apple chief executive Tim Cook signals that the era of affordable upgrades could be coming to an end. Apple Price Hike Becomes Increasingly Unavoidable Speaking to The Wall Street Journal, Tim Cook acknowledged that Apple has been absorbing rising costs for months, but said the situation has become unsustainable. According to Cook, memory suppliers are passing massive price increases to manufacturers at a time when consumer demand remains strong. Apple has attempted to shield customers from those costs, but mounting pressure has made price increases increasingly unavoidable. Although Apple has not confirmed which products will become more expensive, industry analysts believe the upcoming iPhone 18 lineup could see substantial price increases. AI Boom Is Driving Memory Chip Costs to Record Levels The explosion of artificial intelligence technologies has dramatically increased demand for advanced memory chips used in smartphones, computers and AI servers. RAM prices, traditionally among the least expensive computer components, have more than doubled since October 2025. As AI companies race to build powerful systems, chip manufacturers have struggled to keep up with demand. Adding to the crisis, geopolitical tensions and the conflict involving Iran have disrupted supplies of helium, an essential gas used in semiconductor manufacturing. The shortage has pushed production costs even higher across the global technology sector. iPhone 18 Could Cost Up to $150 More Market research firm Omdia expects average smartphone prices worldwide to rise by nearly 20 percent during 2026, reaching historic highs. Industry analyst Chiew Le Xuan believes Apple’s next-generation devices could cost as much as $150 more than current iPhone 17 models. The increase is not only linked to rising chip prices but also to hardware upgrades required to support advanced AI features. The higher specifications needed for AI-powered smartphones are creating a new cost structure that manufacturers are finding difficult to avoid. Apple Is Not Alone in Facing Rising Costs The pressure extends far beyond Apple. Taiwan Semiconductor Manufacturing Company, better known as TSMC, recently indicated that price increases remain possible as inflation continues to affect production costs. TSMC manufactures cutting-edge chips for Apple, Nvidia and AMD. Samsung has also warned that memory shortages could make electronic devices more expensive. Meanwhile, Sony recently raised PlayStation 5 prices in major markets, and Nintendo has announced higher prices for its Switch 2 console beginning in September. Across the technology industry, companies are taking similar steps by reducing promotional offers, scaling back specifications or increasing prices to preserve profitability. Strong Sales Have Not Protected Apple From the Chip Crisis Despite the mounting challenges, Apple’s business remains strong. Sales rose by 17 percent during the first quarter of 2026, driven largely by robust demand in China and the popularity of the iPhone 17 series. Earlier this year, Apple quietly eliminated the entry-level Mac Mini model, effectively raising the starting price of the product by around $200. These moves suggest that Apple has already begun adjusting its pricing strategy even before officially announcing broader increases. The Apple Price Hike Signals a New Era for Consumers Experts increasingly believe that rising prices are not a temporary phenomenon but the beginning of a long-term shift in the technology industry. As artificial intelligence fuels unprecedented demand for semiconductors and global supply chains remain under pressure, consumers should prepare for a future where smartphones, computers and gaming devices carry significantly higher price tags. For millions of Apple users, the message is becoming clear: the age of cheaper upgrades may be over, and the Apple Price Hike could be just the beginning of a much larger transformation across the global tech market.

Mobile Tax Trap: 37% Levies Stifling Pakistan’s Digital Growth
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Mobile Tax Trap: 37% Levies Stifling Pakistan’s Digital Growth

High Taxes Suppress Mobile Adoption Pakistan Lags Regional Peers A new report commissioned by telecom group VEON and prepared by Frontier Economics has highlighted how excessive taxes are raising costs and slowing down the country’s digital transformation. The study reveals that mobile services in Pakistan face a combined sales and turnover tax burden of 37%.This includes 19.5% sales tax, 15% advance income tax, and 2.5% regulatory duty. On top of this, operators pay 29% corporate income tax and 10% super tax on profits. These levies ultimately result in higher prices for consumers, discouraging smartphone ownership and data usage. Currently, 68% of individuals aged 15 and above do not own a smartphone. Pakistan ranks 101st out of 105 countries in average internet speeds, with average revenue per user (ARPU) at just $1 per month. The report notes that Pakistan has one of the highest combined sales tax rates on mobile internet in the region at 35%, second only to Bangladesh at 39%. Economic Impact and Long-term Risks Call for Tax Reforms High taxes reduce mobile penetration and usage, which in turn slows digitalisation and keeps the tax base narrow, creating a self-reinforcing trap. The study estimates that a 1% increase in mobile penetration could boost GDP per capita growth by 0.115 percentage points. Mobile connectivity brings positive spillovers across education, healthcare, financial services, and e-commerce. Pakistan is already lagging behind in 5G readiness and has nearly one-third of its population outside 4G coverage. Fixed broadband penetration remains among the lowest in the region. The report suggests reducing the combined tax burden from 37% to 17% through cuts in customer taxes and regulatory charges. Such reforms may initially reduce direct revenue but could become revenue-positive by 2031 through expanded economic activity and a broader tax base. Telecom operators are urging the government to reduce the 15% advance income tax, abolish duties on equipment, and rationalise sector-specific levies ahead of the federal budget. Lower taxes would improve affordability and accelerate broadband expansion in underserved areas.

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