Islamabad, Dec 9: The workers remittances by overseas Pakistanis registered an impressive growth of 29.1 percent in November 2024 on year-on-year basis. According to the statistics released by the State Bank of Pakistan, workers’ remittances recorded an inflow of US$ 2.9 billion during November, 2024. Cumulatively, with an inflow of US$ 14.8 billion, workers’ remittances increased by 33.6 percent during first 5 months of financial year 2024-25. In the same period of July-November last year the remittances of 11.1 billion were received through the banking channel of the country. Remittances inflows during November, 2024 were mainly sourced from Saudi Arabia…
Author: Iqra Khan
Islamabad, Dec 9: By earning the coveted TIA-942-C data center certification from Enterprise Products Integration (EPI), a world leader in data center certification, Pakistan Telecommunication Company Limited (PTCL), the country’s top telecom and integrated ICT services provider, has raised the bar for the data center industry. The painstakingly examined and approved milestone demonstrates PTCL’s steadfast commitment to quality and innovation in Pakistan’s mission-critical data center sector. Rack hosting services are available at PTCL’s cutting-edge data centers, which are built to hold servers, networking hardware, and other data center computing equipment. For carrier clients, the purpose-built facilities offer a safe, economical,…
Islamabad, Dec 9: The introduction of a bullet train service between Karachi and Sukkur has been announced by the Sindh government. The goal of this large-scale project is to improve transportation between the two major cities so that residents may move more quickly and effectively. According to Sharjeel Inam Memon, Sindh’s Minister for Information, Transport, and Mass Transit, the bullet train project is a step in the direction of updating the province’s transportation system. The administration is committed to making major strides in this area, emphasizing quick and creative solutions to satisfy the demands of the general population. Memon claims…
Islamabad, Dec 9: According to the Pakistan Telecommunication Authority (PTA), Cybersecurity Awareness Week 2024 will begin on December 9 and run until December 15. With an emphasis on online security, data privacy, and the legal ramifications of cybercrimes under the Prevention of Electronic Crimes Act (PECA) 2016, this week-long campaign seeks to increase consumer and individual understanding of digital safety. To give people and enterprises the knowledge they need to defend themselves against new cyber threats, the telecom regulator will hold expert conversations. By following its social media accounts and sharing and reposting its content, PTA has encouraged individuals, companies,…
Islamabad, Dec 9: The Securities and Exchange Commission of Pakistan (SECP) has approved a Strategic Action Plan 2024-2026 to facilitate the growth and development of Islamic finance in non-bank financial sectors. The plan was prepared by the SECP’s apex committee chaired by Mujtaba Ahmed Lodhi, Commissioner-SCD, established in 2023 with representation from the Pakistan Stock Exchange (PSX), Central Depository Company (CDC), National Clearing Company of Pakistan Limited (NCCPL), SECP policy department heads, and industry experts. This collaborative effort aimed to create a comprehensive roadmap for Islamic finance growth aligning with the recent 26th Constitutional Amendment, which mandates the elimination of…
Islamabad, Dec 9: State Bank has cancelled the license of a money exchange company for violating its rules and regulations. The State Bank of Pakistan (SBP) on December 09, 2024 has cancelled the authorization/license issued to M/s Al-Hameed International Money Exchange (Private) Limited under the Foreign Exchange Regulations Act, 1947 on account of contraventions of the applicable laws and SBP’s regulations. Therefore, the aforesaid exchange company, including its head office and outlets can no longer undertake any kind of foreign exchange-related business activity.
Islamabad, Dec 9: Pakistan still has frequent load shedding and power interruptions in 2024, which is particularly inconvenient for online workers. Because of this, PTCL, like Nayatel, has implemented a UPS (uninterrupted power supply) backup for internet routers. You can purchase PTCL’s internet UPS, which can extend the life of your internet router by four hours in the event of a power outage, for Rs. 8,000 (tax included). Additionally, you benefit from a convenient one-year guarantee in case your device breaks down. You can connect the new PTCL UPS to the internet routers of other ISPs because it works with…
Islamabad, Dec 9: Pakistan’s Securities and Exchange Commission (SECP) has achieved a significant milestone, registering 3,024 new companies in November 2024. This brings the total number of companies registered in the country to 236,611, reflecting growing confidence in Pakistan’s corporate sector and its continued expansion. Around 99 percent of new company registrations are now being processed digitally, which marks another step in the Commission’s efforts to provide a seamless, tech-driven regulatory environment that promotes transparency and supports ease of doing business in Pakistan. Private Limited Companies accounted for 58% of the total new registrations, while single-member companies represented 39%. The…
Islamabad, Dec 8: Bashar al-Assad, the president of Syria, is thought to have died in an aircraft accident. According to Reuters, his plane took a peculiar path before disappearing from radar. A Syrian Air plane took off from Damascus airport around the time rebels grabbed control of the capital, the publication stated, citing data from the Flightradar website. The aircraft made a sharp turn and flew oppositely for several minutes before vanishing from radar. Initially, it was headed for the coastal region of Syria, which is a bastion of Assad’s Alawite sect. It was not immediately clear to Reuters who…
Islamabad, Dec 8: At the 2024 China Textile Conference in Keqiao, Shaoxing, the Board of Investment (BOI) of Pakistan and the China National Textile and Apparel Council (CNTAC) inked a memorandum of understanding (MoU).Pakistani food The textile sector in China is currently undergoing significant upheaval and innovation. How to use “science and technology, fashion and green” as a guide, continuously develop new productivity, and build the industry’s future has emerged as a new concern for the sector.An MOU is signed by CNTAC and BOI to create a textile industry park in Pakistan.Speaking during the conference, Pakistan’s ambassador to China, Khalil…
