World

Why 5G Is the Internet’s Future?

Published

4 years ago

March 30, 2021

The advent of the internet has changed how we interact, live together, and undertake day-to-day chores. And if you think you have seen or heard it all, wait until the ZTE 5G network reaches you. This technological advancement will completely change many lives and change your tomorrow for the better.

If you are not tech-savvy, and you may be wondering, what is 5G technology? Worry no more. 5G is a new global wireless standard network that is designed to connect everyone and everything.

The first-generation network led to the advent of voice, and then the 2G network opened a pathway towards using text technology. With the 3G technology, it became easy to enjoy basic mobile computing. On the other hand, the 4G network, currently in use in many countries, led to higher mobile speeds, experience, and many applications.

5G network, which is planned to succeed the fourth-generation network, is predicted to reach billions of users worldwide by 2025. It’s a cellular network you will, without a doubt, fall in love with. It will be divided into small geographical areas or cells, and all wireless 5G devices will be connected to the internet and by radio waves.

The main advantage of the 5G network is that it will guarantee greater bandwidth, higher download speeds, and more than 10 gigabits per second. It will be an edge above its predecessor as it will act as the general internet service provider for different devices. It will compete with existing technology like cable internet and make it possible to use advanced applications like the internet of things.

Many people may not know that 4G mobile phones will not be able to use the 5G network. Instead, you will be required to have a 5G-enabled wireless device. 5G networks can support millions of devices such as cellphones, laptops, and computers per square kilometer.

With the fifth-generation network or wireless broadband being the latest cellular technology, users will benefit in many incredible ways. Most importantly, the consumers will benefit from the improved speed and responsiveness of their devices. They will enjoy greater bandwidth capacity, lower latency, and better apps.

You have probably come across many debates concerning 5G technology being the future of the internet. Many people and institutions have been talking about the impact of the 5G network and how it will change the internet’s future. In essence, the benefits of this technological development cannot be overlooked.

The internet is evolving, and with the era of the 5G wireless network, a lot is expected to change. With this in mind, here is how this development will affect the internet’s future.

Internet Will Be Permanent and Automatic

5G technology will provide users with fast and furious speed. The connectivity will become more constant and streamlined for use. Cases of no connection will be a past issue. Universal internet will become the in-thing and a reality.

Users globally will no longer experience bad connections. An overlap between devices or systems may establish a layer of redundancy that averts issues about service outrages.

Access an event via the internet and responding to it will no longer be an issue. For instance, downloading a file that would have taken a day will take fewer seconds to download with 5G.

Evolution of Internet of Things

With the 5G technology, the Internet of Things will fully develop. Companies such as ZTE have done everything possible to make the internet and better apps available for consumers. However, with ZTE 5G, it will be easy to connect everything to the internet.

Via the 5G network, it will be much easier to enjoy different and better IoT innovations. Some of these innovations include 5G-backed doorbell cameras, fitness trackers, and alarm systems.

Better Streaming and Entertainment Experience

With 5G technology, it will be more effective to use the internet and satisfy your entertainment needs and requirements. It will become faster and efficient to stream digital content online using even advanced devices.

Users will also have virtually sufficient capacity and no longer experience lags when browsing the internet. 5G consumers will also enjoy better gaming technology, mobile gaming growth, and improved virtual reality.

Final Thoughts

The era of the 5G network is here, and internet consumers should be ready to make the most out of these technological advancements. Companies such as ZTE have played great roles in the 5G network planning and development, and consumers should be ready to step into the future. If you are tech-savvy, don’t have any misgivings getting up to speed on 5G. This technology will definitely impact your livelihood, human experience, and future.

World

TRG Chairman Khaishgi and CEO Aslam implicated in $150 million fraud

Published

6 days ago

June 23, 2025

Jenny Jackson

In a scathing 52-page decision, the Sindh High Court has found that TRG Pakistan’s management was acting fraudulently and that Bermuda-based Greentree Holdings historic and prospective purchase of TRG shares were illegal, fraudulent and oppressive.

The Sindh High Court has further directed TRGP to immediately hold board elections that have been overdue and illegally withheld by the existing board since January 14, 2025.

In the landmark ruling, the Sindh High Court has blocked the attempted takeover of TRG Pakistan Limited by Greentree Holdings, declaring that the shares acquired by Greentree, nearly 30% of TRG’s stock, were unlawfully financed using TRG’s funds in violation of Section 86(2) of the Companies Act 2017.

“Having concluded that the affairs of TRGP are being conducted in an unlawful and fraudulent manner and in a manner oppressive to members such as the Petitioner (Zia Chishti), the case falls for corrective orders under sub-section (2) of section 286 of the Companies Act,” Justice Adnan Iqbal Chaudhry concluded.

The case was brought by TRGP former CEO and founder Pakistani-American technology entrepreneur Zia Chishti against TRG Pakistan, its associate TRG International and TRG International’s wholly-owned shell company Greentree Limited. In addition, the case named AKD Securities for managing Greentree’s illegal tender offer as well as various regulators requiring that they act to perform their regulatory duties.

The case centred around the dispute that shell company Greentree Limited was fraudulently using TRG Pakistan’s own funds to purchase TRG Pakistan’s shares in order to give control to Zia Chishti’s former partners Mohammed Khaishgi, Hasnain Aslam and Pinebridge Investments.

According to the case facts, the Chairman of TRG Pakistan Mohammed Khaishgi and the CEO of TRG Pakistan Hasnain Aslam masterminded the $150 million fraud. They did so together with Hong Kong based fund manager Pinebridge who has two nominees on TRG Pakistan’s board, Mr. John Leone and Mr. Patrick McGinnis.

According to the court papers, Khaishgi, Aslam, Leone, and McGinnis set up a shell company called Greentree which they secretly controlled and from which they started buying up shares of TRG Pakistan. The fraud was that Greentree was using TRG Pakistan’s funds itself. The idea was to give Khaishgi, Aslam, Leone, and McGinnis control over TRG Pakistan even though they owned less than 1% of the company, lawyers of the petitioner told the court.

This was all part of a broader battle for control over TRG Pakistan that is raging between Khaishgi, Aslam, Leone, and McGinnis on one side and TRG Pakistan founder Zia Chishti on the other side. Zia Chishti has been trying to retake control of TRG Pakistan after he was forced to resign in 2021 based on sexual misconduct allegations made by a former employee of his. This year those allegations were shown to be without basis in litigation that Chishti launched in the United Kingdom against The Telegraph newspaper which had printed the allegations. The Telegraph was forced to apologize for 13 separate articles it published about Chishti and paid him damages and legal costs.

After Chishti resigned in 2021, Khaishgi, Aslam, Leone, and McGinnis moved to take total control over TRG Pakistan and its various subsidiaries including TRG International and to block out Chishti. The Sindh High Court’s ruling today has reversed that effort, ruling the scheme fraudulent, illegal, and oppressive.

It now appears that Zia Chishti will take control of TRG Pakistan in short order when elections are called. He and his family are now the largest shareholders with over 30% interest. He is closely followed by companies related to Jahangir Siddiqui & Company which have over a 20% interest. The result appears to be a complete vindication for Zia Chishti and damning for his rivals Aslam, Khaishgi, Leone, and McGinnis who have been ruled to have been conducting a fraud.

TRG Pakistan’s share price declined by over 8% on the news on heavy volume. Market experts say that this was because the tender offer at Rs 75 was gone and that now shares would trade closer to their natural value. Presently the shares are trading at Rs 59 per share.

According to the court ruling, since 2021, shell company Greentree had purchased approximately 30% of TRG shares using $80 million of TRG’s own money, which means that that the directors of TRG Pakistan allowed company assets to be funneled through offshore affiliates TRG International and Greentree for acquiring TRG’s shares – a move deemed both fraudulent and oppressive to minority shareholders. The Sindh High Court also found illegal Greentree’s further attempt to purchase another 35% of TRG shares using another $70 million of TRG’s money in a tender offer.

The ruling is a major victory for the tech entrepreneur Zia Chishti against his former partners and the legal ruling paves the way for him to take control of TRG in a few weeks.