ABHI and foodpanda Collaboration: In the throes of the COVID-19 pandemic, while many businesses struggled to stay afloat, a heartening story of resilience and entrepreneurial spirit emerged from Lahore, Pakistan. Shamshad Ahmed, the owner of a school canteen named POLA G LunchTime, faced daunting challenges when schools shut down. His journey from near closure to…
The Telecom Operators Association (TOA), (Telecom Industry) has called upon the Pakistan Telecommunication Authority (PTA) to provide a clear explanation for the nationwide internet outage on Sunday. Expressing concern, TOA emphasized that such measures of access censorship could seriously impede the government’s ICT-related growth aspirations. In a letter addressed to PTA Chairman Major General (R)…
The bilateral Pak-Afghan Trade experienced a significant setback in December 2023, witnessing a year-on-year (YoY) decline of 16%. This dip in trade relations between the neighboring countries also translated to a month-on-month (MoM) decrease of 28% during the last month of the year. According to recent data, the total bilateral trade volume for December amounted…
In a surprising turn of events, the caretaker government of Pakistan has significantly escalated its borrowing spree, tripling the loan amounts and setting a record-breaking pace that surpasses the nation’s 76-year history. This borrowing binge, as reported by Khurram Schehzad, CEO of Alpha Beta Core Securities, reveals an alarming surge in debt creation without adequate…
The docu-series ‘Portraits of Thar’ delves into the uplifting narratives of the heroes of Tharparkar Thar Foundation, in collaboration with Thar Block II entities, unveiled the ‘Portraits of Thar 2.0’ campaign at a compelling screening hosted at the Karachi Press Club amongst media delegates. This heartfelt project by Thar Foundation aims to vividly showcase the…
Ghandhara Tyre (GTR) recently celebrated its 60th anniversary, marking six decades of leadership and reliability with German-engineered technology perfectly tailored to the roads of Pakistan. A grand event was organised in Lahore to commemorate this milestone, attended by more than 160 esteemed company dealers. The celebration was an acknowledgement of GTR’s journey and a tribute…
In a groundbreaking development, the IT Minister, PayPal, and the Pakistani government have come together to address the persistent demand from freelancers. This initiative allows freelancers to seamlessly channel their remittances through the widely-used international gateway, PayPal. Caretaker Federal Minister for Information Technology and Telecommunication, Dr. Umar Saif, shared this positive news with journalists, signaling…
In a significant development, the Lahore High Court (LHC) has delivered a ruling on writ petitions related to search warrants against corporate taxpayers. According to the LHC, the Federal Board of Revenue (FBR) is restricted from issuing search warrants for corporate taxpayers unless there are pending sales tax proceedings with the department. The LHC’s order,…
In a monumental leap towards redefining Pakistan’s entrepreneurial landscape, the MoITT is gearing up to introduce the country’s inaugural startup fund on January 9, 2024. Taking charge as the executing body, the Ignite-National Technology Fund ensures transparency through an independent steering body overseeing operations. The government’s unwavering commitment to fostering innovation is reflected in the…
In a groundbreaking development for Pakistan’s telecommunications industry, the Federal Minister for IT and Telecommunication, Dr Umar Saif, has confirmed the establishment of a Telecommunication Appellate Tribunal. The move, approved by President Dr Arif Alvi through amendments in the Telecom Act, marks a historic moment in the country’s legal framework. Dr Saif highlighted that the…
