Staff Report PTCL’s loss jumped to Rs. 14 billion in 2023 despite posting revenue growth of 25.8 percent. Its Loss increased from Rs 10 billion in 2022 to PKR 14 billion in 2023 due to record-high interest rates and an increase in business costs. PTCL Group Growth has Surged ahead with 25.8% Revenue in 2023….
Staff Report The Economic Coordination Committee (ECC) has approved the allocation of Rs. 10 billion to prevent cybersecurity breaches. The Federal Minister for Finance, Revenue, and Economic Affairs, Dr. Shamshad Akhtar, chaired a meeting of the Economic Coordination Committee (ECC) of the Cabinet today. The ECC approved a proposal from the Ministry of Information Technology…
Staff Report With the upcoming Pakistan parliamentary election in February 2024, TikTok is actively engaged in combating misinformation to uphold the integrity of the electoral process on its platform. Demonstrating a steadfast commitment to fostering a secure and authentic information environment, TikTok has implemented various initiatives.Fact-Check: TikTok to Uphold Election Integrity in Pakistan In collaboration…
By Newztodays Team The telecom sector operator has said that the telecom equipment at high-rise buildings and other structures lacks standardized guidelines, while the stakeholders have criticized the Pakistan Telecommunication Authority (PTA) for not implementing the quality standards for mobile phone accessories. PTA has said clear procedures and guidelines have been established to ensure that…
The Securities and Exchange Commission of Pakistan (SECP) has permitted live testing of their innovative business model to nine applicants of Regulatory Sandbox. The application has completed its incubation period. The selected entities have been employing blockchain, AI, and other technology-based solutions for gold and real estate fractionalization, algorithmic trading, one-window SME lending, education finance,…
Staff Report Amid the challenges faced by the telecom industry, the Pakistan Telecommunication Authority (PTA) has informed the Prime Minister that the sector made significant progress according to the telecom industry report 2023. Chairman of the Pakistan Telecommunication Authority (PTA), Maj General (R) Hafeez Ur Rehman HI (M), presented PTA’s Annual Report for the year…
Staff Report NayaPay partners with Alipay to offer money transfer services. NayaPay, a Pakistani financial platform, has entered into a partnership with the international entity “Alipay” to offer money transfer services and e-wallets, along with bank apps. This collaboration aims to facilitate incoming foreign exchange flows and integrate cashless payment systems between global markets and…
Staff Report TikTok has unveiled its strategy to uphold and safeguard election integrity on its platform in anticipation of the Pakistan parliamentary elections scheduled for February 2024. The initiative underscores TikTok’s dedication to being a responsible and dependable source of information during crucial civic events.The TikTok Trends 2023: Content Creators Dominate The platform has implemented…
Staff Report Jazz Hosts Pakistan Breakfast in Collaboration with Pathfinder Group at Davos 2024 Jazz, Pakistan’s leading digital operator, in partnership with the Pathfinder Group, hosted the “Digital Pakistan Breakfast” at the World Economic Forum Annual Meeting currently taking place in Davos. The event highlighted Pakistan’s journey of digital transformation, underscoring its potential and resilience…
Staff Report IT exports in December 2023 have gone up to a record high as they stood at US$303 million, up 17% MoM and 23% YoY in Dec-2023. IT exports in Dec 2023 are also higher than the last 12-month average of US$222mn. As per channel checks, the jump in IT exports is due to…