Staff Report Riyadh, KSA: ABHI has partnered with Alraedah in KSA to revolutionizefinancial services. Alraedah Digital Solutions, a leading technology company and the innovation arm of Alraedah Digital Group is thrilled to announce a strategic partnership with ABHI, a MENAP-based Fintech specializing in Earned Wage Access and Invoice Factoring. The collaboration marks a significant milestone…
Staff Report The government on Friday assured to extend support to Alibaba for promoting e-commerce in Pakistan. A high-level delegation from Alibaba.com convened at the office of Federal Minister for Commerce, Jam Kamal Khan, on Friday to discuss avenues for enhancing e-commerce in Pakistan. Minister Jam assured the delegation of his full support in…
Staff Report Minister of State for IT and Telecommunication Shaza Fatima Khawaja met with the visiting delegation of Saudi IT companies here on Monday. While talking to Saudi tech companies delegation, the Minister of State for IT commended the initiative aimed at nurturing a cooperative and welcoming environment for Saudi businesses entering the Pakistani market….
Staff Report An investigation by the Competition Commission of Pakistan (CCP) has provisionally concluded that M/s. Pakistan Telecommunication Company Limited’s (PTCL) proposed acquisition of M/s. Telenor Pakistan (Private) Limited (TP) and Orion Towers Private Limited (OT) could lead to a substantial lessening of competition in the telecommunication industry. PTCL is a public-listed company and specializes…
PTA refuses to accept the demand of FBR to shut down around 500,000 SIMs across the country By Newztodays Team Pakistan Telecommunication Authority (PTA) and the Federal Board of Revenue (FBR) have entered into a row over shutting down SIMs. PTA in a statement said that on the issue of blocking mobile phone SIMs under…
Staff Report Lucky Cement has gained momentum in the mobile segment whereas the auto industry faces persistent challenges. During the briefing, Lucky Cement management said that the mobile segment has shown improvement over the last six months, but the auto segment continues to face challenges. Regarding the track and trace system, management stated that it…
Staff Report Huawei Digital Week Brings MWC 2024 to Pakistan as Huawei Pakistan hosted a Digital Week in Islamabad, showcasing the cutting-edge technologies and solutions unveiled at the Mobile World Congress in Barcelona. The event brought together the various strands integral to creating a fully connected world, that is the physical infrastructure for greener, sustainable,…
Staff Report ICT export remittances have surged by US$ 339 million (17.44%), reaching US$ 2.283 billion during July 2023 to March 2024 of FY2023-24, compared to US$ 1.944 billion reported for the same period last year. The efforts of the Ministry of IT and Telecommunication and the Pakistan Software Export Board (PSEB), in close coordination…
Sobia Sultan Samsung Electronics chairman Lee Jae-yong’s net worth has amounted to $11.5 billion, making him South Korea’s richest person for the first time. According to Forbes’ list of South Korea’s wealthiest people, he has topped the list for the first time in his life. His current wealth amounts to KRW 15.81 trillion ($11.5 billion),…
Staff Report Pakistan’s premier AI Summit 2024 showcased innovative product demos by emerging AI startups, providing attendees with firsthand exposure to cutting-edge solutions and disruptive technologies shaping the future. Pakistan’s premier conference and expo on Artificial Intelligence was held on April 18 and 19, 2024, at the Lahore Expo Centre. Making its debut in Lahore…