Tech and Telecom

The Redmi Note 8 2021 is official as an update over the original 2019 model but with a new SoC, fewer color options, and two memory configs. Redmi has released the phone yet again to celebrate the successful launch of the original, which managed to gain over 25 million sales worldwide. ALSO READ Redmi Note 10 5G is Launching on May 26 With a New Camera Other than a revised SoC, the new Redmi Note 8 is identical to the original. You get a 6.3-inch LCD with 1080p resolution and a waterdrop notch selfie camera. The screen is protected by…

The board of directors at BankIslami decided to exit from the business of Modaraba by divesting all its shares from its subsidiary – BankIslami Modaraba Investment Limited. According to a stock filing to the Pakistan Stock Exchange (PSX), the bank’s management carried out the sale of 8 million shares of BankIslami Modaraba Investment Limited representing 100 percent issued and paid-up share capital of the subsidiary to Atique Ahmed Khan, a sponsor, and CEO of the Ghani Global Group. The bank has received all regulatory approvals from the Securities and Exchange Commission of Pakistan (SECP) for the due process and the…

The Ministry of Information Technology and Telecommunication (MoITT) on Monday conveyed serious concerns to the Federal Board of Revenue (FBR) over abolishing the tax exemption regime and replacing information technology/ IT-enabled Services (ITeS) with tax credit regime while saying it can result in flight of capital and brain drain in the country. On the direction of Federal Minister for IT & Telecom and recommendations of Prime Minister’s Taskforce on IT & Telecom, Secretary IT Shoaib Ahmad Siddiqui along with Member (IT) MOIT, Managing Director Pakistan Software Export Board, Chairman PASHA and Chair IT Sub-taskforce called upon Chairman Federal Board of…

The Directorate of Intelligence & Investigation (IR), Lahore on receipt of credible information related to sales tax fraud carried out action under Section 38 read with Section 40 of the Sales Tax Act, 1990 against M/s. Innovative Biscuits (Pvt.) Limited. Lahore. Assessment order was issued wherein an amount of Rs. 4.27 billion as sales tax along with default surcharge and 100% penalty for tax fraud was imposed upon the registered person. Accordingly, accused Sheikh Munir Hussain, one of the Directors of M/s Innovative Biscuits (Pvt.) Limited. was arrested. Due to proper presentation of case by Directorate of Intelligence & Investigation…

Federal Minister for Finance and Revenue, Mr. Shaukat Tarin, chaired the meeting of the National Price Monitoring Committee (NPMC) at the Finance Division today. The NPMC reviewed the price trend of essential commodities, especially wheat flour, sugar edible oil/ghee, pulses, and chicken, during the last week. While briefing the NPMC about weekly SPI, the Finance Secretary apprised that prices of seven items registered a decline, whereas 19 remained stable during the week under review. While reviewing the current price trend of chicken, the representatives of the Provincial governments reported that the surge in the prices of chicken is driven by…

The Federal Directorate of Education, Google and Tech Valley, on Monday, signed a memorandum of understanding (MoU) to transform all schools in Islamabad into ‘Digital Schools’ to fulfill the government vision of ‘Digital Pakistan.’ In the first phase, Tech Valley will deploy cloud-based infrastructure-based Google Workspace in 200 schools (male and female) in Islamabad, while Google will provide schools with tools for distance learning and Chromebooks. In the second phase, all teachers will be given virtual training on how to use and utilize these tools. The initiative of the Federal Ministry of Education is aimed at ensuring the professional development…

Pakistan is working with lender countries on a debt-for-nature swap program. Such an arrangement will help Pakistan with its debt relief in return for binding commitments to achieve conservation targets, Bloomberg reported on Monday. The Adviser on Climate Change to the Prime Minister, Malik Amin Aslam, said, “Four to five creditors will commit to an intent to engage for a debt-for-nature swap”. He said that an official letter of intent in this regard can be expected to be announced on World Environment Day (5 June). ALSO READ PTA Directs Telcos to Seek Consumers’ Consent Before Activating Value Added Services He…

The financing by the Islamic Banking segment of Pakistan’s banking industry has surpassed the value of financing made through conventional banking during the period of the last ten months of the current financial year 2020-21. The financing includes funds offered to the businesses, the corporate sector, and individuals. This shows steady growth in the popularity of the Sharia-based banking system in the country. According to the statistics by the State Bank of Pakistan (SBP) that were updated recently, the financing made to corporate and individual consumers by the Islamic Banking Industry including Islamic banks and Islamic banking branches of traditional…

In a bid to mitigate the recent surge in coronavirus cases in Sindh, the provincial government announced on Monday (today) that the movement of citizens after 8 PM will be restricted from 25 May onwards. Sindh’s Chief Minister (CM), Syed Murad Ali Shah, presided over a meeting of the coronavirus provincial task force in which it was decided that only individuals with a valid reason (going out to a hospital or important work) will be allowed to go out after 8 PM. The restriction will be applied across the province but with a special focus on Karachi & Hyderabad –…

Inter-Provincial Education Ministers’ Conference (IPEMC) has decided to hold examinations across the country next month. According to details, the annual exams of matriculation and intermediate will commence after 20 June. The detailed schedule of the exams will be issued by respective education boards in the coming days. ALSO READ Sniffer Dogs Detect Infected Passenger at Peshawar Airport بین الصوبائی وزرائےتعلیم اجلاس آج وفاقی وزیر تعلیم و پیشہ وارانہ تربیت @Shafqat_Mahmood کے زیر صدارت ہوا۔ملک بھر میں امتحانات کے انعقاد کے لئے تمام ممکنہ آپشنز کا تفصیلی جائزہ لیکرفیصلہ کیا گیا کہ امتحانات 20 جون کے بعد شروع کئے جائیں گے۔تاریخ…