Pakistan Railway and cybernet which is one of the largest fiber broadband operator in Pakistan signed a contract to deploy a cutting edge technology of fiber optic networking alongside the M1 railway line which is extended between Karachi and Peshawar. This partnership would ensure a strong infrastructure to Pakistan’s digital framework which would make the country able to stand with the digitally established states and meet the requirements of today’s growing digital need everywhere. This strategy would possibly fulfill the future digital and economic needs of the country and improve connectivity demands.M1 railway line is almost 7000 kilometers which is an extensively high range for spreading fiber networking with most capacity for a digital highway. As it is obvious that M1 would pass through many backward and remote areas too so it would be a good step of cybernet to provide faster broadband within these areaswhich will enhance the working of cybernet. Internet transit traffic from networks of Centra Asia to submarine cable network in Arabian sea making Pakistan a great internet core internationally.The CEO of Pakistan Railway Amir Ali Baloch stated , “By coordinating with cybernet we are strengthning our commitment to supporting countries infrastructure development beyond transportation”. While the CEO of cybernet Danish A. Lakhani said, “ we are highly thankful to Pakistan’s Railway ministry, and ministry of Telecommunication and our partner one network to make us able to achieve the goal of spreading network throughout the country. Moreover he said that with the two separate hoist Railway line and motorway would enable us to spread the cybernet all over the country aiming to provide faster bandwidth for people around the country. A network of long hoist, reliability and faster speed is necessary to trigger digitization and revolutions of those area which are not urbanized and consist of middle class people mostly”.
Jazz and Mobilink Microfinance Bank join hands to enhance digital financial services
Jazz is Pakistan’s largest digital operator and Mobilink Microfinance Bank Limited (MMBL) is one of the leading digital Microfinance banking system in the country. They both collectively put efforts to make advancement in financial involvement and strengthning of digital banking all over the Pakistan. This joint effort is an important milestone to transform countries digital financial services and to make easy digital approach for financial purpose.Aim of this partnership is to advance financial operation and enhancement in digital dealings along with improvement in communication skills by spreading knowledge.
This collaboration collectively work with unique capabilities of both the organization to initiate a women empowering plan by providing ease and comfort to female customers for their digital assets. It is planned to gift complementary smartphones with Jazz sim to female investors. The Jazz sim contain free data UpTo 12 months and existing applications to ensure easy access to financial activities and data accessibility to female investors. This plan would must attract female customers which would possibly helpfull to launch the main idea of digital collaboration. Female lenders would equipped with digital skills to go through today’s digital era of banking and finance by necessary training and resources.
This partnership introduce a progressive RRBT (Reverse Ring Back Tone) , a compaign to recover loan by delivering MMBL message to customer during call for more effective engagement. This RRBT serve as a reminder to back loan and also a platform to display newly introduced items.
President of Consumer Division at Jazz Mr.Mujtaba Kazim said that this partnership with Mobilink Microfinance Bank ensure innovation and customer centered services. While Mr. Haris Mahmood Chaudhry the CEO of Mobilink Bank also commented that we are dedicated to provide customer centered services with ease and innovation. This commutative effort probably gave a chance to women for their better skills.
Securities and Exchange commission of Pakistan imposed regulations for disclosure of financial statements
The Securities and Exchange commission of Pakistan (SECP) notified disclosure requirements for enlisted publicly traded companies and their subsidiaries which are not according to Shariah business rules in their main business activities.
Section 4th of the companies act amended by SECP according to which all the listed companies and their subsidiaries will disclose their basic business which are found non engaged in Sharia non permissible activities in their business. According to section 228 of securities act 2017 every standalone or consolidated or merged business statement should be noted with cross reference relevant note.
To show the financial position disclosure requirements should be prominent.
Financial obligations are as under.
- long-term, short-term or lease financing obtained according to Islamic mode.
- Amount earned by interest or markup under conventional loan
Assets are according to,
- Long-term and short-term submissive investment
- Bank balance and deposits according to Shariah
Statement of comprehensive Income,
- Profit or loss would be equally submissive just according to Shariah rules and regulations
- Installments of late compensative payments
- Revenue of Shariah business
- Profit of exchange from actual currency
- Profit which is paid by Islamic mode of currency
- Source of all shariah compliant and non compliance activities and installations.
This disclosure is made to implement the Securities act and bound the businessmen to work accordingly with shariah rules and regulations so that no common people or new comers in the industries suffer of fraud and loss. For this purpose shariah non permissible activities are imposed but not limited to conventional financial establishment like conventional banks, interest based banking systems,insurance companies, non-halal production companies , tobacco containing items and other such production which are restricted to use in Islam. The Securities and Exchange commission of Pakistan SECP imposed this disclosure regulations in accordance with securities act 2017.
PTA blocked 469 inappropriate apps
In a recent document issued by the Ministry of Information and Technology it is decided to ban a total of 469 apps by Pakistan Telecommunication Authorities , whose feedback is not satisfying and many complaints are received from stakeholder organizations and from the general public too.425 android apps and almost 34 apple apps were included in blocked apps which were containing anti Islamic contents, material not appropriate to our religious and traditional norms and other fraudulent activities.According to Prevention of Electronic Crime Act (PECA) section 37 which says that PTA has the right to remove or block online content due to various reasons like public demand, national security and decency. Specially section 37 fully gave a right to PTA to block such contents which are not appropriate for islam, integrity and security of Pakistan , contempt of court and promoting negativity in minds of public, child pornography etc . In the digital space this section 37 provides a great way to check and balance online material and their usage and block the contents which are spreading anti islamic material and negativity in public and also block vulgar material from the internet. This section acts as a legal reason to disrupt the digital space. PECA act Clause 37 (2016) gave full hold to PTA to act against those contents which are unlawful and a threat to the country’s security, against the moral values of Islam and publicly awkward. PTA actually takes the decision of blocking the inappropriate apps due to public complaints and to ensure the contents that would be within the limits of religion and social traditions.This act of Pakistan Telecommunication Authorities shows that the digital space is protected and able to curb unlawful material and also the authority has the power to block illegal contents so that moral and ethical values of the country remain safe.
Pakistani startups to be included in 100 To Watch List of frobe Asia
Pakistani entrepreneurs newly started the business are famously making the records and attracting Asia’s concern towards Pakistan. Pakistani startups have make 100 To Watch List of frobe Asia on dealcart and Nayapay. Forbes Asia is an edition which highlights the business, stock market, finance and entrepreneurship of Asia region. Companies of almost 16 countries across the Asia region were highlighted in this year list representing 10 different types of industries like finance, technology and robotics, energy and manufacturing etc.
20 companies of India are presenting which was the highest number of countries from the listed countries following Singapore 15 companies, China 10 companies, Japan 9 companies and Indonesia 8 companies. Dealcart which was introduced in 2022 in Karachi working as an online grocery site to meet the requirements of growing middle class in Pakistan. Customers can purchase daily used items like fruits, vegetables, soaps , detergent snacks and other small items online there. Small grocery stores are also affiliated to the site for selling goods. Forbes highlights that the firm raised $3 dollar million in a seed funding round by Abu Dhabi and London partners.
In 2016 Nayapay was founded which is a payment processing platform making an easy way between customer and to pay and receive digitally. It support of virtual debit card, e-wallet and online payments. To qualify for 100 To Watch List companies must be headquartered in Asia Pacific region, privately owned for profit venture, have no more than 50 million dollars annual revenue and 100 million dollars total funding upto7th August.
Forbes Asia team analyze each application and sort out influencing factors like impact, contribution , origin ,industry familiar, market demand , innovation, modern design, growth and ability to attract different foreign investors. After a complete study the 100 To Watch List prepared.
Firewall a threat to digital marketing
Now a days every Pakistani is suffering due to new technologies of firewalls creating much disturbance in public. Internet is the backbone of global economy and no country can make their way in online businesses without proper internet connection. Government decision to impose firewall on internet causing a great risk for digital economy. Firewall is creating disturbance in fluency of internet due to security check of firewal on every single step.
Pakistan’s digital economy is growing rapidly although it is in its initial stages. This firewall installation is creating problems as website slowdown and routine work for online workers impact badly. Every smartphone user has a habit of E commerce, online transactions and bill payments. Government is also introducing many digital applications to save time and money to travel but this disruption of firewal causing a problem in the way of digital solutions. Business that rely on internet for advertising and marketing are facing much difficulty leading to loss gradually. Foreign investor are much interested to take the services of Pakistani tech experts would probably deter their attention due to lack of needed internet facilities. Firewall is actually threatening to young generation who are desiring to make their future in online earning and e- commerce. Actually the reason for internet slowdown is that firewall and security check disrupt the routine flow of data over the internet resulting website downloading time out and the person working online may suffer to again load the site. This make a problem when we are installing such a program which need continuous disruption free internet connection.
Government should take positive steps to control the situation by ensuring a firewall which act smoothly without disturbing internet traffic or may leave the idea to install firewall on internet of whole the country. Solution of this problem is very necessary to develop the business with a pace.
Impact of internet slow down on different sectors in Pakistan
As we aware of the recent slowdown of internet throughout the country creating many problems for different sectors like commerce, education, health, banking and finance and to common person too.
An appeal presented by Telecom Operators Association (TOP) before Prime Minister Shahbaz Sharif to tackle the situation of network slow down and requested to solve the facing internet crisis in the country. Unluckily Telecom sector already facing financial issues and with the current slowdown of internet will further impact almost 12 Billion reduction in traffic of internet.6400 Terabyte internet traffic reduced everyday burdening the Telecom sector badly. Telecom sector has a key role in all other sectors so it is necessary to take care of it.
Freelancing is improving day by day in Pakistan but due to lack of internet work of freelancers reduces impacting IT exports significantly. Many projects of freelancers are pending and at risk of termination. As it is obvious that internet slowdown is impacting almost every sector in Pakistan because now every field is working digitally. In a recent survey it is said that a country with a population of 40 million can loss UpTo USD 3M everyday. Pakistan’s population is much greater than the above given criteria so it is obvious that it’s loss would also high. Investors from other countries also hesitate to invest in a country where digital marketing is affected by internet slowdown because they would likely prefer to work online instead of daily visits by their selves . Education sector is probably affected by this slowdown because research work and other area of studies can be done easily through the internet which also save money because every student is not equally able to purchase costly books of foreign authors.
So it is our request to the PM Shahbaz Sharif to kindly sort out the issue and solve technical issues so that everyone can work smoothly without any disruption.
Oxford University Offering scholarships for Pakistani Students
University of Oxford offering students of Balochistan under Benazir Scholarship Program reported by a news channel 24newsHD TV. It is a hopeful development for the public of Balochistan.
Chief Minister of Balochistan Mir Sargraz Bugti is the first CM of Balochistan who addresses at Lady Margaret Hall of Oxford where the portrait of Benazir Bhutto is displayed and she studied there too. 150 members from Pakistan attended the event including Malala Yousafzai , senator Anwar Ul Hazq Kaakar , Muhammad Kishgi and prof. Muhammad Kamal.
CM Bugti said that the people of Balochistan who are unable to pay study dues would now be able to get education from the renowned institute of Oxford where the great leader Benazir Bhutto studied. He said that this initiative would be much helpful to meet the needs of education and to achieve a global academic standard. Challenges faced by students to get admissions in international universities are rooted out by taking this step.
CM Bugti highlighted that “ It is a basic commitment to education reforms and empowerment of Balochistan’s young generation”. He said that higher education plays a very important role to make a nation socially strong and also a helpful weapon to make a progressive society. These scholarships would create highly able and trained leaders for Balochistan . This is not just an aid for the unbearable financial crisis of Balochistan but also to make useful citizens for the province.
Financial condition of the province is very miserable as people are unable to meet daily needs of living. In the situation of such difficulty it would prove a window of breeze for the able students who can’t afford to study at such a big institute. Hopefully this step would bring some new ways and seams to the people of Balochistan.
Severe Heatwave approaching in Punjab within next week
Current alarming situation of weather is going to be severe during next week in Punjab predicted by Provincial Disaster Management Authority PDMA. The authority reported the Lahore High Court that weather would be much under the pressure of heatwave in the upcoming week as mercury raised to 50° Celsius or above.
On Friday during the hearing of a petition on environmental pollution and smog the NDMA informed it to Lahore High Court that weather would too hot due to an upcoming heatwave approaching next week in areas of Punjab. The intensity of heatwave would be much high reported by the authority. Shahid Karim justice at Lahore High Court shows much concern for the condition of weather facing week ahead. PDMA highlighted that the heatwave impacting plants and trees badly along with human beings. Heatstroke are increasing in public because it is impossible that one can stay at home whole the day.
Parks and Horticulture Authority is instructed to strictly follow the measures highlighted for prevention of heatstroke and other diseases caused by heatwave. PHA is instructed by Judge that they should must work on restoration of parks and to grow more trees so that intensity of heat lesson down and also can collect aid for restoration from community. A lawyer told it to worthy judge that two water tanks have been built to save rainwater. Mr. Shahid also take attention to improve the points for more water collection.
He also declared that the court will surely extend the market hours before Eid UL Azha. The session end till a next date of 7th June.
It is considerable that current weather situation is just due to deforestation. It is seen that trees can absorb much of heat for the process of making food as a result oxygen can gain in much amount. We should must stop cutting trees and also to grow new ones so that this earth could be a better place to live in.
Pakistan’s IT Development in 20th century, A short review
In the start of 20th century Pakistan was progressive in the field of information technology. Programmers and digital expertise were working properly towards meaningful implementation of network and technology. The incident of 9/11 impact badly on Pakistan’s IT fields. Software houses slows down due to shortage of demand from international companies. However the order from international companies also cancelled by the companies because the Pakistan’s situation was unstable. Which result in the shortage of web developers, graphic designer, programmers, game developers, database managers and digital experts. All the capable manpower in the field of IT migrate to western countries earn a bright future. At the same time India our neighboring country make a strong pathway in the field of information technology. India , Vietnam, Philippines and china belonging to our region make a name in IT field. India IT experts are earning a lot in this field.
Now in a short period of time Pakistan’s IT sector try to make way to success but lack of experts, less skill set, political instability and shortage of infrastructural support are hindrance in the way of success. Usage of AI tools is not on that pace in our country as our neighbor countries are using. AI tools such as chat GPT are used by many organization after very short period of their launch. Tech companies can improve it’s working by shaking hand with business running on large scale. This strategy surely meet the need of modern era but to implement it skillful expertise are necessary. The persons who have the ability and mindset to deal with risk and are forward looking visionary are necessary. Lack of business management skills in the experts who are running software houses is a drawback in the field of information and technology.
Government should also take steps to improve the software developer academies and IT college University to improve IT power.