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Internet penetration in Pakistan is growing at an unprecedented rate with broadband penetration forecast to reach 4.3 million people by the end of 2013, said Mubashir Naqvi CEO Qubee.

He was addressing a Press conference with Martin Harriman at a local hotel here on Thursday while announcing the launch of Qubee the internet broadband service in Pakistan.

Mubashir Naqvi said that it is an incredibly exciting time to be a wireless broadband internet provider in Pakistan where the internet penetration forecast to reach 4.3 million people by the end of 2013.

With initial investment of $70 million, Qubee is planning to grab shortly the 3.4 million internet users' market through a simple strategy of introducing also a pre-paid package for the lower income class. With the brandname 'Qubee' it is a wireless broadband internet service provider of Augere Holdings Plc in Pakistan. It offers connectivity through a technology called WiMax [World-wide Inter-operability for Microwave Access].

With a deep sense of social responsibility for the welfare and interests of society and a genuine compassion for the underprivileged, Aster has established ‘Aster Training Academy’, in Hyderabad. Aster Training Academy aims at providing quality education to the deserving underprivileged and impart in them necessary skills to meet the challenges of the world.

In a deal amounting to Rs 217 crore, Punjab National Bank (PNB) has roped in Destimoney, formerly Dawnay Day, as a strategic investor in its wholly-owned housing finance subsidiary PNB Housing Finance Ltd (PNBHFL).

Aster Teleservices Pvt. Ltd., Hyderabad based telecom and power infrastructure company, appointed N Vittal, Indira Parikh, ON Singh, and Nagendra Venkaswamy to the Board of the Company. These four eminent professionals bring with them decades of hands on experience in academia, banking, government, and the telecom industry and fulfill the promoter’s goal of building a strong multi vertical company independently run by a highly competent Board and Management Team.

As many as seven Indians, including Sanjiv Ahuja of Augere have made it to the list of world's 100 most influential telecom leaders, an industry magazine has said.

India's Reliance Infratel Ltd., the tower business division of wireless telecom operator Reliance Communications Ltd.,