By NewzTodays Editorial Team | April 29, 2023

By: Ms. Misbah Waqar Artificial intelligence is rapidly evolving and revolutionizing the world at intense pace. AI has become the most popular term of 21st century because of its game changing ability in every field. AI has revolutionized the way people used to live, work and interact. AI has modified every industry like manufacturing, healthcare,…

By NewzTodays Editorial Team | April 20, 2023

Pakistan’s IT exports in March 2023 experienced a recovery, up by 14% compared to the previous month due to a 51% increase in Telecom and 8% in Computer Services. Other Services in Computer Services increased by 11% while Software Consultancy increased by 10%, and Computer Software remained flat. In January 2023, exports declined by 23%…

By NewzTodays Editorial Team | April 18, 2023

PTCL Group, the leading telecom and ICT services provider in Pakistan, announced its financial results for the first quarter of 2023. Despite the challenging macroeconomic conditions, PTCL Group achieved a 23.2% growth in its revenue compared to the same period of last year, with strong performance in fixed broadband, mobile data, business solutions, and banking…

By NewzTodays Editorial Team | April 10, 2023

On Monday, e& announced that it has signed a legally binding agreement to purchase the majority of Careem’s Super App spinoff from Uber Technologies, Inc. (“Uber”) and its subsidiary, Careem. Uber will continue to be the sole owner of Careem’s ride-hailing operation, which will continue to offer all other Careem services to clients on the…

By NewzTodays Editorial Team | April 6, 2023

There comes a time when your internet becomes so slow, it becomes more of a hassle than ease. It halts nearly everything that you wish to do, from staying in contact with friends and family to streaming all your favorite movies and shows. Even though there are Internet Service Providers (ISPs) such as Spectrum that…

By NewzTodays Editorial Team | February 1, 2023

PTCL and Etisalat are said to buy Telenor in Pakistan which owners want to wind up their businesses. Etisalat, based in the United Arab Emirates, has already purchased stakes in Pakistan’s PTCL. Now, it plans to buy stakes in Telenor to expand its footprint. The government has said that it would not compromise on the…

By NewzTodays Editorial Team | January 30, 2023

State Bank of Pakistan has directed authorized dealers to swiftly facilitate IT and ITeS exporters. In this regard, Ministry of Information Technology and Telecommunication, Pakistan Software Export Board (PSEB), and Pakistan Software Houses Association (P@SHA) have been working with the State Bank of Pakistan (SBP) to ease the foreign currency retention and utilization issues faced…

By NewzTodays Editorial Team | January 5, 2023

The Ministry of IT & Telecom (MOITT) has finalized the draft of the “Infrastructure Sharing Framework,” which allows mobile and internet service providers to outsource and rent any of their infrastructure to focus more on their core businesses. The ministry took almost two years to complete the draft. The consultation process was initiated by the…

By NewzTodays Editorial Team | January 4, 2023

The State Bank of Pakistan (SBP) has been blamed by the Ministry of IT and Telecom for the poor quality of the network in the country. This is because the SBP banned opening Letters of Credit (LCs) to import machinery and cable. The main reason for the non-standard internet in the country is the non-opening…