State Bank of Pakistan has cut its benchmark interest rate for the first time in four years.
The Central Bank of Pakistan has cut its target policy rate by 75 basis points to 12.50% from 13.25%.
Bloomberg noted that Pakistan’s consumer price inflation slowed to 12.4% in February from 14.6% in the previous month, with gains in price-growth expected to ease further on account of lower global oil prices.
The committee adopted cautious approach on policy rates that will maintain the inflation rate while it can stir up economic activities to some extent.
The report stated that Tuesday’s decision marks a shift in monetary policy direction for Pakistan’s central bank, which had raised its target policy rate nine times since January 2018 despite a wave of global easing last year.
The easing will help boost credit demand in the economy, whose growth the World Bank sees decelerating to 2.4% in the year to June — the slowest pace in more than a decade.
Central banks across Asia-Pacific have..
Category: Oppo
Ministry of Commerce Introduces E-Visa Facility for Businesses
The Ministry of Commerce, in collaboration with NADRA, has launched an e-Business Visa Invitation Letter System (E-BIL), another step towards easing business.
Chambers and Trade Associations can e-file applications for business visas on arrival for nationals of 190 countries. The applications will be processed in 48-78 hrs.
The Ministry of Commerce is now providing an E-Business visa facility, in collaboration with NADRA. All Chambers of Commerce and Industry of Pakistan and Trade Associations are connected to it for uploading visa invitation letters.
According to the Commerce Ministry, in the light of the Prime Minister’s vision, E-BIL is launched to facilitate all potential foreigners interested in exploring business opportunities in Pakistan.
Foreign nationals can apply for a business invitation letter (a required document for Pakistan’s business visa application) through E-BIL’s website.
Tecno Launches Ultra-Clear Challenge With 6 KOLs
Tecno is committed to push the boundaries of mobile photography with the launch of Camon 15. Tecno came up with an exciting Ultra clear Challenge, with the collaboration of six famous Key Opinion Leaders (KOLs).
The first part of the challenge, ‘Ultra-high clear’, involved KOLs Saboor Aly, Mariyam Nafees, and Ukhano tested the picture quality and resolution of a picture taken from the highest altitude.
While in “Ultra Dark challenge”, the KOLs Anum Hakeem, Guddu Shani, and Bilal Munir (VideoWaliSarkar) tested the resolution and quality of a shot taken in low light. All the celebrities were amazed by the result and further invited Tecno fans to become a part of the same challenge and get a chance to win Camon 15.
General Manager of the brand, Mr. Creek Ma shared his views about upcoming Camon 15,
Tecno feels immense pleasure on inheriting the rich spirit of the Camon Series, this latest addition would give our valuable customers high creative possibilities allowing them to discover ..
Leak Reveals Redmi K30 Pro Live Images and Official Launch Date
The Redmi K30 Pro is set to arrive this month, succeeding last year’s Redmi K30 Pro/Mi 9T Pro with top of the line specifications and similar design aspects.
We’ve only seen the device in mock-up renders so far and now, a few days ahead of its launch, the phone has appeared in a set of hands-on images that confirm the design leaks we saw before.
The device is encased in a design-concealing pre-production phone cover but it clearly shows some of its design elements. There is a circle-shaped quad-camera setup at the back right above the LED flash. The main camera on this setup is expected to be a 64MP Sony IMX686 sensor we saw on the base Redmi K30/Poco X2.
The pop-up selfie camera is on the left side and there also appears to be an infrared sensor on the right.
Redmi’s General Manager Lu Weibing shared a teaser on Weibo earlier that revealed that there is also going to be a “Redmi K30 Pro zoom version”.
There are no details on this yet, but we can expect an enhanced edition of the ..
Oppo’s Camera Focused Find X2 & X2 Pro Offer Better Specs Than Galaxy S20
Many major manufacturers were expected to showcase their new products at the Mobile World Congress (MWC) in February and perhaps one of the most awaited one was Oppo’s event. Unfortunately, the event was canceled due to the coronavirus concerns and the Oppo event was moved to an online global launch on the 6th of March. The Oppo Watch and Find series was expected to be launched today but the Watch’s event has been postponed and will be revealed on a later date.
For now, let’s look at the Oppo Find X2.
Design & Display Showing off some premium materials, the X2 series will be available in two finishes – Ocean Glass and Black Ceramic. As the name suggests, the former will be using a glass construction while the latter will have a smooth textured ceramic finish.
Both phones come with an “Ultra Vision” Screen; a 6.7-inch AMOLED display sporting 1440p Quad HD resolution and a 120Hz refresh rate. The 120Hz refresh rate is available at both FHD and QHD resolution. Something still not avail..
Punjab Introduces First Ever Literacy Policy
Pakistan Tehreek-e-Insaf-led government has introduced the first-ever Literary Policy, confirmed the Provincial Minister for Law, Parliamentary Affairs, and Social Welfare Raja Basharat.
Formally known as ‘Literacy and Non-Formal Basic Education (LNFBE) Policy’, it aims to achieve a 100% literacy rate in Punjab by 2030.
Under the policy, the government will undertake numerous public-private partnership projects to provide out-of-school children in distant areas easy access to education.
The Literacy policy was launched by Raja Basharat in the presence of Minister for LNFBE, Raja Rashid Hafeez, and Secretary, Sumaira Samad.
Some other prominent characteristics of the policy are:
Establishment of a directorate to monitor the progress under the initiative Launch of a comprehensive movement to increase the literacy rate Enforce education plans at schools throughout the province to achieve 100% literacy rate Invite international organizations to set up their institutes in the province ..
Realme Band Takes on Xiaomi’s Mi Band At a Lower Price
Realme, along with its Realme 6 series, launched its first fitness band in India today. The BBK-owned OEM had already revealed almost all the specifications beforehand. Hence, none of these specifications come as a surprise.
Design and Display Design-wise, the smartwatch is reminiscent of the Honor Band 3. The only difference is the plain silicone straps (Honor Band has grilled silicone straps). It does not immediately stick out in the crowd of wearables, yet the design is reasonable. The watch is available in three colors: Olive, Yellow, and Black.
It comes with a 0.96” color display with 80 x 160px resolution. The display is large enough to accommodate 64 letters, which means it can display longer notifications as compared to other fitness bands.
The display has a flat protective glass that extends to the TPU wrist band. It is made to be wear and tear resistant for daily use. The band also comes with a single utility button at the bottom of the display for scrolling through the me..
You Can Now Run Android on iPhones With Project Sandcastle
Developers leave no stone unturned to play with cross-compatibility across various devices. From running Android on Nintendo to porting Windows on ARM processors and whatnot. iPhones, on the contrary, have been pretty locked down in terms of software and generally, they’ve been harder to hack into. However, that’s now changed thanks to a hardware vulnerability that was exploited to run Android on an iPhone.
Project Sandcastle Project Sandcastle is the brainchild of Corellium, a software virtualization company. Basically you could run iPhones in a virtual environment, kind of like a virtual machine on Windows. Apple, being Apple, sued Corellium on the basis of copyright infringement claiming that the company was providing its users access to iOS without Apple’s permission.
The Project Sandcastle is built upon years of development experience and now offers a new opportunity to iPhone users to explore a whole new world. The hack is based on a famous checkra1n jailbreak. A hardware-based..
Reason is Ready to Amp up the Heat with another Massive Friday Sale
Reason Electronics promised a mega sale to its consumers on the first Friday of every month at the time of the brand’s launch. Keeping up with the tradition, the brand is back with amazing deals, discounts, and combos.
Reason Electronics is a Direct to Consumer (D2C) brand which has already ensured that it offers the consumers incomparable prices without any compromise of the quality. In a very short time, the brand has gained massive traction through their trustworthy and stellar services.
The last Reason Friday Sale was sold out within 24-hours and a number of customers have since been anticipating another sale of the same kind.
The CEO of Reason, Mr. Abdul Rehman Talat announced the Reason Friday Sale himself at the launch for the brand and ensured that there will be fresh and exciting offers for the consumers on the first Friday of every month. Talking about the sale, he said:
Reason is the primal brand that is working solely as a Direct to Consumer (D2C) brand at this level. B..
One of the World’s Biggest Auto-Shows Gets Cancelled Due to Coronavirus
The Geneva Motor Show, which is one of the biggest auto-shows in the world, has been cancelled due to fears over the coronavirus outbreak.
The annual event highlights the European auto-circuit where car-makers from all over the world unveil their upcoming models and concept cars. The show was canceled after the Swiss government banned all social gatherings of over 1000 people in a bid to stop the virus from spreading. It was originally supposed to take place this week.
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Hyundai Prophecy is the True Electric Car of the Future [Video]
The cancellation forced the car-makers from unveiling their cars online instead of at the event as originally planned. While the event was called-off, a YouTuber was able to record some footage from inside the deserted 2020 Geneva Motor Show.
George Williams, a Vlogger and photographer walked around the venue and filmed the workers as they dismantled the stalls. He said, “Come with me and check out the crazy 2020 (lack of) Geneva Motorshow, an..
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