As nations across the Middle East develop their digital infrastructure, Charles Yang, President of Huawei Middle East, notes that some of the most important advancements this decade will be a result of breakthroughs in basic research.The strength of industry over the past 1,000 years has come from a consistent focus on what we call “basic research”. This means looking at the foundations of mathematics and mechanics, optics, biology, and physics. Of course all companies need to undertake research and development to ensure that their products remain competitive. Yet this day-to-day... Read More.
Samsung Electronics leading smartphone maker in the world, is trying hard to diversify its production to minimise the fallout. As per the report, the company is now shutting down its production facility in South Korea. Coronavirus outbreak has affected operations and sales of several tech companies around the world, including Samsung. The virus, which began spreading from China, has now affected people in more than 50 countries. As per the report, after reporting six confirmed COVID-19 infections at its smartphone plant in Gumi, North Gyeongsang Province, Samsung has decided to temporarily... Read More.
Pakistani youth’s most favorite brand realme has been launching a number of smartphones from past one year keeping with its lineup for the New Year, the Chinese smartphone brand has launched its first smartphone lineup of the year, the realme 5i and realme C3 has been launched in company’s first ever campus launch event to engage with youthful audience and let them experience the device first hand.The realme 5i will be available in one variant – 4+64GB priced at PKR 24,999 available for sale on from 26th Feb, 2020. realme... Read More.
Jazz Pakistan’s leading digital company has launched Jazz Digit 4G – ‘Pakistan ka smartphone’ (Pakistan’s smartphone). While Pakistan boasts having some of the cheapest tariff rates for voice and data, the main barrier to internet has been the affordability of smartphones. To help address this barrier Jazz has partnered with KaiOS Technologies to release the Jazz Digit 4G smartphone at the most affordable price point, offering a suite of unique features. Jazz Digit 4G becomes the most affordable smart feature phone on the global market, at a down payment... Read More.
Huawei announced that it will be delaying its largest annual developer conference, the HDC.Cloud. The reason cited for the postponement is the new virus outbreak in Wuhan which has caused alarm in China. According to the event website, HDC.Cloud 2020, which was originally planned to be held in Shenzen from 11th to 12th of February 2020, has been postponed to the 27th – 28th of March 2020. The major event is witnessing more than a month of delay but will still be broadcasted via live webcast. The main... Read More.
Microsoft in collaboration with the Khyber Pakhtunkhwa Elementary (KPK) and Secondary Education Department hosted a seminar in Education dubbed ‘Microsoft Edu Day’. The seminar brought together delegates from across the region to showcase the latest technology designed specifically for the education sector to promote immersive, inclusive and 21st century learning. The event was graced by Advisor to Chief Minister on Elementary and Secondary Education, Mr. Zia Ullah Khan Bangash; Provincial Minister for Information Technology, Mr. Kamran Khan Bangash and Microsoft Country Education Lead, Mr. Jibran Jamshad in addition to relevant... Read More.
As part of its annual tradition, Pakistan Telecommunication Company Limited (PTCL) launched a month long campaign on Breast Cancer awareness in the month of October. Amongst other initiatives, The Pink Club, PTCL’s virtual club for female employees, is running a comprehensive digital campaign on giving orientation to its staff members on the myths associated with the disease, along with the importance of early detection through self-examination. A prominent part of the digital campaign was a panel discussion hosted for all employees featuring the company’s Senior Medical Officer, Dr.... Read More.
Striving for growth and innovation since its inception on December 30, 2006, JS Bank has established itself as a leading financial sector institution within Pakistan. Its journey over the past twelve years has been one of challenges, opportunities and ever-greater success resulting in the Bank becoming the 13th largest bank in the national economy. In the past year alone, the Bank has been one of the leading mutual fund distributors in the banking sector, the 2nd largest bank for Prime Minister Youth Business Loans, and the 3rd largest bank... Read More.
Uber, the global ride-hailing giant connecting riders to drivers, is now launching its premium car service UberX in Islamabad. The company will be starting UberX operations that offer top-quality car services for all those moments that are special, only the push of a button away. To celebrate the launch, Pakistani actress, Ushna Shah will be taking on the role of an Uber driver-partner for a day. Ushna Shah will be accepting rides from UberX riders on Friday, July 12, 2019. Keep requesting and try your luck to not only... Read More.
Ministry of Planning, Development & Reform clarifies a news article carried by some sections of International media titled “IMF Won’t Stop China From Turning Pakistan Into The Next Sri Lanka”, published on 04th July 2019. The article is based on incorrect data and distorted facts. The writer needs to know that China Pakistan Economic Corridor (CPEC) is a flagship project of the Belt and Road Initiative. CPEC financing comprises of Government to Government loans, Private investment and grants. To date, 22 projects worth US $28 billion are in various... Read More.
The Prime Minister was meeting with representatives of 15 leading Chinese companies working on various CPEC and other projects in Pakistan. Prime Minister Imran Khan has said that the government accords top priority to the China-Pakistan Economic Corridor (CPEC) Project. Imran Khan said that the project will not only help in translating all weather Pak-China relations into mutually beneficial economic equation but will also open new vistas of opportunities for the entire region. The Chinese delegation included representatives from Power China, Three Gorges Corporation, CMEC Neelum Jhelum... Read More.
The 70th Annual General Meeting of National Bank of Pakistan was held in Karachi on Thursday, March 28, 2019. The meeting was attended by all the Directors of the Bank and was chaired by Mr. Arif Usmani, the President / CEO of the Bank. The shareholders were apprised that maintaining its position in the industry, in 2018, the Bank had recorded solid growth in terms of both balance sheet size and revenues. Despite a generally difficult year for the banking industry, the Bank has achieved the highest ever... Read More.
SINOTRUK one of the leading Chinese state-owned heavy-duty truck company unveiled its new models of green energy and next generation trucks with enhancement to well-established heavy-duty truck at Royal Palm Golf and Country Club on 20th March 2019. SINOTRUK has developed eminent position in market network through quality and advanced truck technology in the world. In 2013 SINOTRUK stepped in Pakistan market by joining hands with a local partner Dysin Automobiles Limited: the sole distributor of SINOTRUK. DYSIN has nation-wide presence of well-established 3 S dealer and more than... Read More.
The Board of Directors of BankIslami has approved the Bank’s Annual Audited Financial Statements, for the year ended December 31, 2018, in their meeting held in Karachi on February 28, 2019. BankIslami posted profit before tax (PBT) of Rs. 403 million for the year 2018, depicting a growth by 156% compared to PBT of last year. During the year 2018, the Bank grew its deposits by 3.6% while its CASA (Current Accounts and Saving Accounts) grew by 4.8%, hence improving the mix of deposits. On financing side, Bank continued... Read More.
The government increased prices of petroleum oil and lubricants (POL), with petrol going up by Rs2.5 per litre. The new price of petrol will be Rs92.88 per litre, read a notification issued by the Ministry of Finance. Similarly, the price of diesel was increased by Rs4.75 per litre, taking it to Rs111.43 per litre. The new prices will take effect from midnight on March 1. The new price of kerosene oil reached Rs86.31 per litre after it was increased by Rs4 per litre, according to the notification. The price... Read More.
Telenor Pakistan Organized gaming Tournament ‘Game Bird fest’ in Lahore. Telenor Game Bird is the first and biggest gaming platform of Pakistan and serves as a bridge between gamers and game developers as well as works to promote gaming ecosystem in the country. Seven teams participant of the tournament from different parts of the country The gaming Fan Showed up the mobile and PC games, including Dota 2, Asphalt 9, Clash Royal and PUBG. winning Team received Rs5 million worth prizes. Telenor has also become the first telecom operator in... Read More.
Bangladesh authorities have blocked almost 20,000 websites as part of an anti-pornography “war”, a minister said Tuesday. Internet providers in the conservative Muslim-majority nation took down pornography and gambling websites in the past week under orders from the telecommunications regulator. “I want to create a safe and secure internet for all Bangladeshis, including children. And this is my war against pornography. And this will be a continuous war,” Mustafa Jabbar, the posts and telecommunications minister said. Most of the blocked sites are foreign, but a few local websites and social... Read More.
Pak-China fibre optic project is the first cross-border contact between the two neighbours Pakistan and China. The communication contact will prove to be positive for internet traffic from China to Middle East, Africa and Europe, The cable will be operated and maintained by the Special Communication Organization (SCO), Huawei Technologies LTD deployed the project at a total cost of $44 million. The Pak-China Fiber Optic Cable covers a distance of 822 kilometres and runs from Rawalpindi till Khunjerab pass to connect with China. Around 18.2 kilometres... Read More.
Cabinet chaired by Prime Minister Imran Khan on Thursday decided to bail out defaulters by waving off Rs 200 billion on account of Gas Infrastructure Development Cess (GIDC). The fertilizer, textile and CNG were major defaulters of the government which had received over Rs 400 billion from the gas consumers on account of GIDC but refused to pay the government following obtaining stay orders from the courts. The cabinet on Thursday decided to bail out these three major defaulters by waving off 50 per cent outstanding that amounts to... Read More.
Finance Minister Asad Umer Wednesday presented the “Mini-budget 2019” in the National Assembly. Speaking in the National Assembly, Asad Umar said that it was not a Budget, but a package for economic reforms. “The government wants a Resolution to economic woes of the country”, he said, adding that the government didn’t want next governments to complain about previous government’s [economic] wrongdoings.Asad Umar said that in 6 months, agricultural loans will see an increase of 22 per cent. He said that the government wanted to encourage small businesses, and if they got... Read More.