Category Archives: Technology

IT to help Pakistan promote trade with Canada

Pakistan’s High Commissioner to Canada Raza Bashir Tarar said keeping in view the COVID-19 pandemic, the business and trade between Pakistan and Canada could be promoted well by taking the advantage of the information technology (IT). The high commissioner said use of IT would mitigate the economic fallout from this pandemic, said a news release

Govt Expects Rs. 27 Billion Non-Tax Revenue From 3G/4G Licenses

The government has budgeted Rs. 27 billion from 3G/4G licenses under the head of non-tax revenue for the next fiscal year 2020-21 compared to Rs. 52.73 billion budgeted for the current fiscal year which was later revised to Rs. 125 billion, but the license renewal matter will be decided in a court. According to the

Pakistan’s IT Sector Received $35.1 Million Foreign Investment in July-April 2020

Pakistan’s information technology sector received $35.1 million Foreign Direct Investment (FDI) in July-April 2020 compared to $22.9 million in the corresponding period of last fiscal year, registering an increase of around $12.2 million. According to the State Bank of Pakistan (SBP), $35.1 million inflows and $2.5 million outflows were registered in the information technology sector

President directs IT Ministry to improve internet accessibility in rural areas

President Dr. Arif Alvi has asked Ministry of Information Technology and Telecommunication to improve accessibility of internet facility in the rural areas as well as build innovative IT-based solutions and skills  to meet the economic and technological challenges. Chairing the second meeting of the Committee on Emerging Technologies, in Islamabad on Monday, he said that

Pakistan Stock Exchange remains bearish

The Pakistan Stock Exchange was bearish today.The KSE-100 Index closed today at 32616.93 points as compared to 33684.91 points on the last working day with a negative change of 1067.98 points.The total turnover was 240,379,240 as compared to 215,437,49…

PayFast and Bank of Punjab Collaborate to Disrupt Digital Payments

With over 76 million internet subscribers in the country, the government’s keen interest for a digital Pakistan, the emergence of PSO/PSP, EMI regulations, and Micro Payment Gateway Initiative, it is evident that Pakistan is ripe for e-commerce and m-c…