IT exports surges to stunning $ 332 million in May

    By NewzTodays Editorial Team | June 22, 2024

    ISLAMABAD (22-6-2024): The ICT services export remittances surged to US$ 332 million in the month of May 2024, an astounding increase of 40.7% in comparison to US$ 236 million in May 2023Kuwait To Provide $100m Financing for Mohmand Dam ICT export remittances have surged to US$ 2.925 billion during July 2023 to May 2024 of…

    GSMA Warns Pakistan’s New Taxes on Mobile Phones Could Deter Investors

    By NewzTodays Editorial Team | June 13, 2024

    Staff ReportThe Global System for Mobile Communications Association (GSMA) has raised concerns over the imposition of taxes on mobile handsets in the budget, terming it a move that will shake the confidence of investors interested in entering the Pakistani market.Govt Imposes Uniform Tax on Mobile Phones in Budget 2024 The budget proposals regarding the imposition…

    Govt Imposes Uniform Tax on Mobile Phones in Budget 2024

    By NewzTodays Editorial Team | June 12, 2024

    Staff Report The government has proposed a uniform tax on mobile phones in the budget for the financial year 2024-25. According to the budget document, this uniform taxation aims to ensure equal opportunities for everyone and enhance market efficiency. The proposed sales tax rate for all types of mobile phones is 18%.Mobile Phone Makers Urge…

    Pakistan Technology Prowess at London Tech Week 2024

    By NewzTodays Editorial Team | June 12, 2024

    London,– Pakistan is proudly presenting its technological advancements under the “Tech Destination Pakistan June 2024” brand to the global tech community, at London Tech Week, taking place from 10-14 June, 2024. The Tech Destination Pakistan Pavilion was inaugurated today by the High Commissioner of Pakistan to the United Kingdom of Great Britain and Northern Ireland,…

    S&P Global Market Intelligence Foresees AI Software Market by 2028 to $52.2 Billion

    By NewzTodays Editorial Team | June 11, 2024

    Islamabad – As generative artificial intelligence (AI) technology pivots from research to the monetization and product launch stages, the software part of the generative AI market is now forecast to see significant expansion, reaching $52.2 billion by 2028 with a compound annual growth rate of 58% from 2023, according to S&P Global Market Intelligence.CCP Signs…

    GSMA Digital Nation Summit to be held on Aug 7 in Islamabad

    By NewzTodays Editorial Team | June 11, 2024

    ISLAMABAD: Minister of State for IT and Telecommunication Shaza Fatima Khawaja chaired curtain raiser meeting for the ‘GSMA Digital Nation Summit’ at the committee room of the Ministry of IT on Tuesday.GSMA, with the collaboration of Ministry of IT & Telecom, is going to organise the GSMA Digital Nation Summit in Islamabad on August 7,…

    Pakistan: A Digital Goldmine for Foreign Investors – Aamir Ibrahim

    By NewzTodays Editorial Team | June 6, 2024

    Staff Report Islamabad/Dubai: Pakistan, with over 192 million cellular mobile subscribers and 133 million mobile broadband users, is rapidly becoming a prime destination for foreign investment, particularly in the technology sector. The average monthly data usage per subscriber is nearly 9 GB, reflecting a highly engaged user base. The country’s fintech landscape is also burgeoning,…

    ZTE Plans to Set Up Device, Fiberization Factory in Pakistan

    By NewzTodays Editorial Team | June 5, 2024

    ISLAMABAD: ZTE plans to set up a device and fiberization manufacturing factory and data centers in Pakistan. ZTE team called on Minister of State for IT and Telecommunication Shaza Fatima. Matters related to Information and Communications Technology (ICT) solutions, innovation, and connectivity were discussed in the meeting. ZTE will propose the establishment of a device…

    Experts Urge Adoption of AI Solutions to Enhance Productivity

    By NewzTodays Editorial Team | June 1, 2024

    Staff Report KARACHI: Experts are urging industry and academia to adopt modern Artificial Intelligence (AI) tools and solutions to enhance research, development, and productivity across various fields, including business and academics. Speaking at the seminar “Emerging Trends in Social Science Studies” organized by the University of Karachi, AI expert Adnan Zaidi highlighted that the field…

    Airlink Announces Launch of Xiaomi TVs in July 2024

    By NewzTodays Editorial Team | May 27, 2024

    Staff Report Airlink has announced the launch of Xiaomi TVs in July 2024, with an annual capacity of 200-300K units. AIRLINK aims to sell 125K units, generating Rs15-20bn in FY25. Topline Securities organized the Pakistan Mid Cap Conference 2024. Day 3 of the conference commenced with a session on Air Link Communication (AIRLINK), featuring key…