Tech and Telecom

July 2021 is going to be an exciting month for car lovers in Pakistan owing to the upcoming launches of some much-anticipated vehicles. One of the cars that will be officially debuted this month is the ‘new’ Honda City. This City will replace its 5th Generation predecessor that has been sold in Pakistan for over a decade and will be in direct competition with the Toyota Yaris and the Changan Alsvin. It will be available in Pakistan with two engine options. The base option is a 1.2-liter naturally-aspirated 4-cylinder petrol engine that makes 89 hp and 114 Nm of torque,…

The federal government on Tuesday called a National Assembly session to pass the amended Finance Bill 2021, generally known as the federal budget. The session was also attended by Prime Minister Imran Khan, who addressed the parliament later on and put forward his policy on the Afghan peace process and the United States’ demand for airbases. At the start of the session, when Finance Minister, Shaukat Tarin, presented the finance bill after the final headcount, the roar of ‘No’ from the opposition benches was so loud that it created doubt among members of the treasury benches whether they will be…

The Audit Oversight Board (AOB) has revoked the registration of the audit firm Nauman Javed Hasnain Rashid, Chartered Accountants, and has barred it from auditing public interest companies (PICs). The firm had reportedly failed to submit Form A and pay the annual registration fee despite several reminders via email and posts to the addresses it had provided. Following this, the AOB issued the firm a show cause notice both in writing and in person to explain its position, but the latter did not reply to either the reminders or the notice. The AOB then resorted to taking action against the…

Pakistan’s auto industry is about to get a ‘new first’ as Hyundai Nishat prepares to launch the new Sonata here. The launch will be a ‘new first’ because the Sonata will be the first-ever locally-assembled D-Segment midsize sedan in the country. The news of the arrival of the Sonata was confirmed several weeks ago, and all the features and the launch date were revealed recently. Now, the company has released a teaser with the tagline “Gear up for the arrival of a striking presence that is bound to leave you astounded”. ALSO READ MG Officially Reveals ZS EV Features and…

Back in 2015, Microsoft and Google formed an agreement to stop any litigation between the two companies, and it worked well for the most part. This pact expired in April 2021, but instead of renewing it, both companies have ended the agreement. According to the terms of this truce, both companies had agreed to resolve disagreements on the highest level instead of going to court. The agreement also saw the two companies working together in areas of mutual business interest such as security and quantum computing. The truce was a way for the two tech giants to compete without getting…

Pakistan’s exports of goods during the FY2021 were recorded at $25.3 billion, announced Adviser to Prime Minister on Commerce, Abdul Razak Dawood, through Twitter on Thursday. He wrote, “These are the highest-ever exports of Goods in the history of Pakistan. The previous highest was $25.1 billion in 2013-14.” Our exporters have done it!! It gives me immense pleasure to share that our exports of Goods during FY 2020-21 stand at USD 25.3 billion. These are the highest-ever exports of Goods in the history of Pakistan. The previous highest was USD 25.1 billion in 2013-14. — Abdul Razak Dawood (@razak_dawood) July…

Most of the Pakistani mainstream media recently published stories based on a “news piece” published in an Israeli newspaper, Haaretz, which reportedly claimed that although Pakistan is edging towards normalization of ties with Israel, it is the Taliban who will decide whether Pakistan recognizes Israel or not. However, that is far from the truth. It also stated that Pakistan is moving towards establishing formal diplomatic relations with Israel not at the behest of the US but pushed by Saudi Arabia and the UAE. ALSO READ Pakistan-England ODI at Lord’s to be Played in Front of a Full House The story…

Xiaomi has unveiled its latest flagship laptop in China dubbed the Mi Notebook Pro X. The name fits the notebook as it features beefy specifications such as a 3.5K display, Intel’s most powerful 11th gen processors, up to 1TB NVMe SSDs, and more. ALSO READ Xiaomi’s Next Phone Will Have a 192MP Camera Starting off with the display, it is a 15.6-inch OLED panel with 3.5K resolution, 600 nits peak brightness, Gorilla Glass protection, and full coverage of the DCI P3 color gamut. The screen is surrounded by 4.03mm thin bezels, giving it a 90% screen-to-body ratio. The whole package…

The experienced left-arm pacer, Wahab Riaz, is hopeful of making a comeback to the national team and play an important part in Pakistan’s effort to win the T20 World Cup later this year. Riaz said that he can still play a vital role in the national side, and his experience can be crucial in the upcoming T20 World Cup. ALSO READ Nida Dar Joins an Elite List of T20I Bowlers Riaz said that experienced players play an important role in major events and many cricketing nations around the world rely on experience to take them over the line in big…

Foreign investments in the Pakistan Investment Bonds (PIBs) brought net inflows of $256 million during the fiscal year (FY) 2021, according to the data issued by the State Bank of Pakistan (SBP). The PIBs attracted $227.5 million in FY2021 while the outflow was recorded at 21.5 million. ALSO READ First REIT in Six Years to be Launched for a Project in Karachi However, despite being substantial, the inflows in equities and T-bills were less than the outflows, which resulted in negative figures for the two segments. Long-term domestic bonds (PIBs) remained the most attractive investments for foreign investors because of their…