Category: Technology

Payoneer & Enablers Joined Hands to Strengthen Digital Ecosystem for Entrepreneurs

For strengthening the digital ecosystem Payoneer and the enablers have joined their hands. This was happened in Lahore, 19th Feb 2020, during the ceremony. The top leaderships connected from sides joined the meeting.

Payoneer is a platform:

Basically, the Payoneer is a platform that is well-known for its cross border payment transformation: business or freelancing. It is working in over 200 countries worldwide for streamlining global commerce for more than millions of small business and market-places. Payoneer delivers quite good service for cross border payments through its banking infrastructure. Furthermore, with the help of compliance, operations and robust technology, it is making cross border transfer easy and secure.

 

About Pakistan

If we talk about Pakistan, then it is truly a blessing because it is one of the few platforms that is allowing cross border payment transaction. So it is acting as a source of relief for the online seller and freelancer of Pakistan. According to the report of Payoneer, that Pakistan is ranking 8th number as fastest growing freelancing economy worldwide. The reason is the abundant opportunities.

Online sellers and freelancers

For online sellers and freelancers, Cross-border payments remain one of the most prominent pain factors. To the eliminating this aspect, Payoneer is collaborating with the enablers, so that this pain point can alleviate. Moreover, could make the make cross-border payment as easy as a local payments procedure.

Cross border payments

Keeping in view the extensive need of the freelancers: cross border payments. The Enablers come forward and shake the hands with Payoneer for making easy cross border payments.

The Country Manager of Pakistan, Mohsin Muzaffer also talk about how Payoneer intend it to go ahead; shared a summary of the collaboration. He said that it is pleasing thing to know that such grand initiatives, the companies are taking in Pakistan. Furthermore, he thanked the enablers for making cross border payment easy and secure. He said that if the Payoneer and the enablers are going to work closing then it will definitely help the digital ecosystem in Pakistan. 

Moreover, the Payoneer’s Partnerships Manager, Affaf Noor also shared the same remarks and said that it is exciting thing to join the hands with the enablers. It will definitely improve the cross border e-commerce payment transaction. In addition, she also shows interest in working closing in future. So that they could develop the digital ecosystem in Pakistan.

Why The enablers are shaking the hands with the Payoneer:

The enablers are shaking the hands with the Payoneer taking goal that they will engage2 Million freelancer or employment opportunity. However, talking to Saqib Azhar, the CEO of Enablers, there discussed some visionary insights as well regarding this step.

That we all are working on it that country becomes the hub of freelancing and e-commerce working. So in this aspect, working with Payoneer will result in easy payment transfer rather than any disturbance. Lastly, he added that we putting effort into providing such services that can enthusiasts in every possible manner that could result in a bright future.

Last but not the least, Faisal Azhar added, COO Enablers said that it will surely result in digitalizing Pakistan as one of the biggest and well known e-commerce markets worldwide.

 

Generation Google Scholarships for Pakistani Women Announced

Generation Google Scholarships announced for Pakistani Women, in fact worldwide. The time has arrived when once again, Google is going to announce the scholarships for the years 2021-2022. The main focus of this scholarship is to support those women which are looking forward to doing something regarding technology: either engineering or computer science related fields.

 

The student those who will be chosen, they will receive 1000 dollars’ amount for one year of their schooling. If we talk about the merit or who can avail this scholarship then according to Google’s policy, those candidates who are having the leadership skills and academic performance. They will be able to avail of this service.

 

The next important element is that the applicant must be female and enrolled as full-time student of either 1st year or 2nd year class. Their education should be either CS or other engineering field but no the medical or other arts sectors. Furthermore, it is also included that the applicant must provide her all information regarding education history and current getting education transcript along with their CV. Basing on the strength, there will remain one thing if you are meeting up with all the requirement and that is an Online Challenge. In this challenge the capability of the student will be checked.

Why Punjab Govt Launches Rescue Cadet Corps App

For the sake of improving and promoting the rescue and safety culture in the province, Punjab Govt launches rescue cadet corps app (RCC). Chaudhry Muhammad Sarwar, Governor of Punjab, launches the RCC mobile app in Lahore at the governor House during an opening ceremony.

More details are that the RCC app has created by the Punjab Information Technology Board (PITB) with the help of the Punjab Emergency service (PES). 

The purpose of designing this app is to help users to become a responsible citizen through learning safety techniques and lifesaving rescue.

The rescue cadet corps app (RCC) has many things to learn inside it. It also allows the user to access integrated community safety training modules.

RCC application also allows connecting the volunteers connected with several communities. These volunteers can come for online training, registrations and certifications after drilling hands on to their nearest rescue stations.

Whereas praising PES and PITB for the sake of the development of the RCC app. The Governor of Punjab told that basically, this step has taken according to Prime Mister’s vision. He said that Khan’s vision is to take the youth of Pakistan for making Pakistan more prosperous and safer.

 

 

Download the RCC application from Google Play.

Pakistan is getting Turkish T129 Helicopters regardless of US Sanctions

Pakistan is getting T129 attack helicopters form TAI (Turkish Aerospace Industries). Which is originally planned in spite of the sanctions by the US against Turkey. This news has confirmed by a high ranking Army official.

Although speaking at the 2021 defense IQ’s virtual International conference regarding Military Helicopter, the official said that there is a little delay due to some 3rd party approvals. However, the Turkish Govt. is confident that we will get out of these political hurdles and will receive 3rd party certificate also.

Pakistan awarded Turkey with 1.5 billion dollars’ amount as a contract for getting 30 T129 helicopters in the year 2018. Although, US sanctions have slowed down against Turkey as hindmost are necessary to have to get US export license before doing any delivery regarding the helicopters

At the start of this year in January, Pakistan had extended the deadline by increasing the period of 12 months for TAI for delivering 30 T129 attack helicopters.

Last year in December, Turkey bought the Russian S-400 missile system rather than the American-made Raytheon’s Patriot missile system. On doing this the US had imposed sanctions on Turkey.

Next, in the year 2017, while dealing for Russian S-400 through sanctioned Russian export entity Rosoboron export. The reason behind is purchasing the Russian S-400 long range surface-to-air missile system. However, the first associated delivery was received by Turkey in July 2019. The system was tested last year in October.

Why Govt is providing Free IT Training in Hyderabad? Sindh to set-up Software Technology Park

The free training course has announced by Syed Aminul Haq, who is Federal Minister for Information Technology and Communications. He has announced that they are going to provide the 500 youth of Hyderabad with free IT training. He said this while opening the ceremony at the Software Technology Park in Hyderabad. The name of the Institute is the Hyderabad Institute of Arts, Science, and Technology. During his addressing with the Memorandum of Understanding (MoU) signing ceremony between the Pakistan Software Export Board (PSEB) and On Friday, this announcement was made at HIAST (the Hyderabad Institute of Arts, Science and Technology) at a local hotel.

 

Major achievement

On that occasion, he also said that the MoU between HIAST and PSEB is one of the major achievement. Furthermore, he said that they are going to establish a software technology park at the university campus, online training, capacity building, and developing linkages. So that in this way the IT startups and freelancers will get a great facility.

Presently, there are 16 software technology parks in Pakistan having 1,169,500 square feet of space, he also said. Another point was that there are efficient growth and expansion recorded in export. However, in the field of the IT industry, the focused is concentrated in Lahore, Karachi and Islamabad. 

 

Launching the 5G technology

He also said that before launching the 5G technology, there must 50% coverage of the 4G network. At present time 4G has covered 41% of the mobile users. There are is an increase in the users as well: 1.4Million user of 4G. By the end of this year, this goal will achieve as well.

According to Haq, said that the federal government is making Pakistan enable to assemble and manufacture mobile phones. The purpose behind that is simple: reducing the high prices. Besides, he said that our aim is that rather than buy a smartphone of Rs 50000 to Rs. 100,000. People can buy Rs. 8,000 to Rs. 12,000.

 

Goals:

He highlighted that if the previous could work in it then today we can do the big achievement. However, the minister mentioned that their government is striving for providing 3G and 4G internet to every par to Pakistan. In addition, he said that they had spent more than Rs. 21.9 billion for the expansion of these services.

There happened a great change after his charge, according to him, said that in Sanghar district, he announced Rs, 550 million priced IT project. Syed Amin ul Haque appreciated his Ministry’s effort for making a drastic change in IT exports from $995 million in 2019 to $1.23 billion in 2020 in June. Lastly, he said that they are hopeful that with the end of this year IT exports will increase to $5 billion before their end of the tenure of the government in the year 2023.

Importance of Technology Park in Hyderabad:

During his welcome address, Osman Nasir, who is the Managing Director of PSEB. He said that the IT minister asking the board to increase the IT industry to all cities of Pakistan rather than only 3 cities of the country. He appreciated the PSEB for making the information technology park in Hyderabad, the land between 5,000 square feet to 10,000 square feet. This will definitely trigger the growth of the IT sector in the cities of Pakistan’s IT industry.

 

He briefly mentioned some other benefits regarding Technology Park. Including the development of its related ecosystem. For instance, the surrounding area based on the strong science of a technology park. Lastly, he said that it will also result in the development of the entrepreneurial culture as tenants of the technology park that will result in promoting technology experts, startups, and entrepreneurs.

 

 

First Technology Park of Karachi Soon

Recently, TPL Properties limited said that in Sindh

 

They are going to establish a state of art technology Park. The main purpose behind that the first technology park of Karachi’s construction is to boost the IT sector. According to the company’s plan, they are going to provide high-end technological facilities to local companies and software houses. In the commercial hub of Karachi, it will be the first technology park in Sindh.

In the official notification, it is mentioned to the PSX that the company has acquired 10002 square yards of land in Korangi Industrial Area, at G 18: private. Probably, the IT park will complete in 2 years of time: having inclusive designing and planning phases.

The management of the company is aimed to come up with such a high technology park. A park that having a great infrastructure and high tech platform. So that it will lead software houses and IT companies for boosting their productivity through available facilities and a conducive environment.

If we talk about other countries regarding this, then it’s not new that India has developed 10 to 15 parks. The Philippines are promoting their IT sectors. Such an act of India has resulted in great growth economically and a productive sector. If Pakistan also wants to achieve speedy and desired growth, then Pakistan also has to set up IT parks in its major cities.

In Islamabad, a special technological zone has been created as well for the sake of promoting the IT sectors of Pakistan. The present Govt. is working intensely for promoting the IT industry. Furthermore, according to their aiming demands of both international and the local markets.

Over the last 6 months, this sector has been maintaining great performance at the local regarding exports and for the developing of e-commerce. This is happening due to this sector’s effort for making the companies do innovative service and create innovative products as well.

 

3 Firms to Start Mobile Production in Pakistan Soon

Yes, that’s true that in three firms are going to start mobile production in Pakistan. The name of these three firms are: firstly, Vivo, secondly Air link and lastly Advance telecom. These firms have declared that their intention is to establish manufacturing units in Pakistan regarding mobile production. This happens after providing them with a relaxed environment regarding tax by the Pakistani Govt. This news is mentioned in Dawn News that the Govt. has eliminated withholding tax on locally manufactured mobile units in Pakistan. So that the assembling and production of mobile parts in the country may increase.

This act of Govt. is also praised by the investors that they are going to abolish the withholding tax because previously the imported mobile phones were cheaper as compared to manufacturing ones. Amir Allahwala, who is the chief executive of a company for manufacturing Infinix and Techno mobiles sets, said that now after the relaxation in the tax, around 1900 Rs price difference has been created per set because the imported one set has to pay a tax of 100.

While, in the meantime, one of the senior officials from the Engineering Development Board (EDB), confirmed that for establishing manufacturing units 3 new entrants have applied, which is also an attached department of the Ministry of Industries and Production (MoIP).

These units have started working in Pakistan’s big cities. Vivo is working in Faisalabad, nest one, Air link in Lahore, and lastly Advance telecom in Karachi.

According to the official, they said that the EDB is the policy that is keeping in consideration for mobile sets manufacturing in Pakistan.  Meanwhile, in the telecom sector of Pakistan, PTA has also issued the regulation of 2021 regarding Mobile device manufacturing.

The PTA’s regulations point out the necessary information, which means the requirements for establishing a manufacturing plant; that includes information such as finances, land, nationality of investors, etc. On the other hand, the EDB is also expressing its views that contests of such detailed information related to establishing the production unit come under the shadow of the MoIP.

The plan directed by the PTA regulation is basically to ensure the comprehensive localization to compete locally producing the packing for at least 2% of the total devices manufactured by the company within one year.

 

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LUMS Launches Pakistan’s First Academic Program in Cryptocurrency

LUMS (Lahore University of Management Sciences) of Pakistan is the first university, which is going to allow the investment in crypto tokens for the sake of the Academic program in Cryptocurrency. Through this, LUMS has achieved exceeding investments of Rs 670 in Cryptocurrency. Which is going to design the first academic programs of Pakistan for block-chain. This is according to the varsity’s official news release by associated platforms and DLT (distributed ledger technology).

Muneeb Ali, Alumnus has confirmed this news via Twitter.

LUMS is going to 5 Million tokens for developing the courses. Furthermore, students to do research on cryptocurrencies, blockchain, distributed ledger technology and so on. One thing more, let me tell you that 5 Million STX tokens of Cryptocurrencies are equal to 670 Million rupees, nearly and in Dollars 4.1$ million. Taking such initiatives just has one purpose that is to focus on emerging markets. Moreover, those areas where just kind of technology can fully apply. 

The co-founder of the LUMS Stacks said that LUMS always remains the hub for taking just initiatives. Such as for researching and on innovations grounds. Furthermore, he said that crypto-network is one of the biggest tech network in the world: revolution. He said that this new alliance through crypto will not only strengthen my relation with LUMS. However, it will help us to prepare the next generation entrepreneurs engineers of the internet: anchorage blockchain tech.

In addition, he commented that it will not only lead our new business models but will also take us to the new era of distribution application: blockchain. In short, he was saying that it will certainly give immense benefits to Pakistan.

No doubt, the LUMS is a landmark achievement regarding the educational backdrop of Pakistan. Besides renewing the academic curriculums and teaching the students in the field of cryptocurrencies. It is a new development that will result in the regulation of crypto in Pakistan as soon as possible.

 

 

 

 

 

Govt to buy 100 high tech vehicles for Islamabad Security

The Govt. of Pakistan is going to buy 100 high tech vehicles for boosting the security in Islamabad: the Capital city of Pakistan. After buying these vehicles, the security check post will be eliminated.

Keeping in view the relevant details, during the federal cabinet meeting, this decision has taken for purchasing the vehicles. The Federal Minister for Interior Sheikh Rasheed reported that in Islamabad already out of 33, 30 check posts have been removed from federal capital. Remained 3 posts will be removed after purchasing the 100 digitally equipped vehicles.

Besides this matter, this meeting also gives approval regarding the development of the Rangers outside and inside the polling station for strengthening the security: by-polls of Tharparkar constituency, the NA-221.

This meeting was held in Islamabad with Prime minister Imran Khan as chairperson. They also discussed the economic and political situations as well by keeping in view the pandemic time. The meeting also briefed the Prime minister about the administration of COVID-19 vaccines.

The approval regarding the disparity reduction has also issued to the federal Govt. employees for constructing the office in Karachi of Federal Services Tribunal. During this meeting, the cabinet deferred an appointment as well for the sake of the managing director (MD) of the National Transmission & Despatch Company (NTDC).

For restructuring of the Pakistan Institute of Management (PIM), during this meeting, the federal cabinet issued permission to the board of governors as well.

Banks must enable fully interoperable digital payment options, SBP orders

The State Bank of Pakistan (SBP) has issued an order to facilitate the bank’s customers


In its order, SBP orders to the banks for allowing their customers for having repayment options Alternate Delivery Channels (ADCs). So, the SBP issued the order that it has been decided for all the Banks must enable fully interoperable digital payment options for their ongoing customers. It is just to facilitate the customers with the repayment option in terms of financing facilities (which is defined as the Prudential Regulations for Consumer Financing). According to the SBP’s order here are mentioned the few minimum requirements that must be met:

Firstly, customers’ ADCs, the repayment option must be available including mobile and internet banking for paying bills.

Next, there should be no time limit that only certain fixed hours, the customers are bound to pay the payments. However, the banks’ system shall take the amount either its outstanding loan or the instalment due as well as some specific loan. Regarding this, all the MFBs/banks need to account for that clear information they should provide authentic and updated information for avoiding disputes and confusion.

Furthermore, it is issued that all the Banks/MFBs must possess the discretion for allowing the partial or full payment option regarding any paying amount; by this in their procedures and policies.

Moreover, including the Credit Card bill payments that come under the category of online payments or repayments are need to be considered as final/paid on execution of the transaction date after the customer’s acknowledgement from their using banks.

Before 30 June 2021, all banks/MFBs are bound to follow all the instruction that has mentioned earlier in this article by the SBP.

 

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