P-Key can not be upgraded
 

Card life counter: 99.34%
P-key nokia module version 01.02
Detected JAF INTERFACE version: 01.B1, Driver version: 20416, Library version: 30112
JAF DCT4/BB5 LOADERS DIR: C:\Program Files\ODEON\JAF\Flash\
JAF DCT4/BB5 PRODUCT DIR: C:\Program Files\Nokia\Phoenix\Products\
JAF USB LOADERS DIR: C:\Program Files\ODEON\JAF\FlashUSB\
JAF DCT3/DCTL LOADERS DIR: C:\Program Files\ODEON\JAF\Flash3\
USB Cable Driver version: 7.0.2.0
Starting Card UPDATE...
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17:06:04.734 Error: JAF dongle init failed

Driver version: 20416
try to update pkey in jaf v62 or 63. note : use original software from support like www.jafsupport.com