Tech and Telecom

The federal government has decided to make major changes in the Kamyab Jawan Programme (KJP), planning to increase the loan facility for youth under the initiative to Rs. 50 million which would prove as an engine for job creation, poverty alleviation, and economic growth in the country. This was stated by Special Assistant to Prime Minister (SAPM) on Youth Affairs, Usman Dar. The government has also decided to expedite the distribution of allocated Rs. 100 billion to the youngsters for business and would consider an additional allocation of Rs. 100 billion to be disbursed by 2023, Dar added. ALSO READ…

As the ongoing COVID-19 pandemic forced the masses to work and attend classes from home, there has been a sudden rise in the demand of tablets, a market that was facing a rapid decline. Hence, manufacturers like Huawei, Xiaomi and Lenovo have started working on developing high-end tablets again. Recently, Lenovo officially teased a new tablet device, the Lenovo “Xiaoxin” Pad Pro 2021, via its official Weibo account. ALSO READ Lenovo Yoga Duet 2021 is the Most Powerful Tablet-Laptop Convertible of 2021 The company confirmed that the tablet will have a 90Hz OLED screen with support for HDR10 and DolbyVision.…

The National Command and Operation Center (NCOC) has recommended the Pakistan Cricket Board (PCB) host the remainder of PSL 2021 in the United Arab Emirates instead of Karachi. This was also the demand of all six PSL franchises who had urged the PCB to shift the league out of Karachi due to the rising number of COVID-19 cases. The PCB is yet to make an official request to the Emirates Cricket Board (ECB) in this regard. However, the move could potentially create a score of problems for the cricket board. ALSO READ NCOC Doesn’t Want PCB to Host PSL in…

The Federal Board of Revenue (FBR) has released the updated names of 1059 projects of developers and builders registered with the FBR under the prime minister’s incentive package for the construction sector. The FBR had uploaded the names and complete addresses of 1059 individuals, companies, and firms registered under Section 100D of the Income Tax Ordinance, 2001, who availed the PM’s incentive package. These construction projects that have so far been registered with the FBR are reportedly worth Rs. 383 billion. On March 30, 2021, the FBR had issued names of 988 projects of developers and builders registered with the…

A new initiative that will enable small and medium enterprises (SMEs) in Pakistan to effectively engage in international markets was launched on Thursday. This UK-funded initiative will help enhance Pakistan’s trade diversification and integration into global value chains. The International Trade Centre (ITC) will implement the Revenue mobilization, Investment and Trade Programme (REMIT) programme. The GBP 5 million project will run from 2020-2024. These efforts are part of a larger UK-supported REMIT programme aimed at contributing to sustainable and inclusive economic development in the country. The British High Commissioner to Pakistan, Dr Christian Turner said Monthly exports for goods and…

Export industries and their suppliers (indirect exporters) will remain open on May 10, 11 and 12, 2021 while limited banking operations will also be open to facilitate exporters, said Razzak Dawood, Advisor to Prime Minister on Commerce and Investment. The Advisor took to twitter and stated that Ministry of Commerce has been approached by the business community for clarification regarding business operations during the EID Holidays. It is clarified that Export Industries and their suppliers (indirect exporters) will remain open on 10, 11 & 12th May 2021, he added. The Advisor further stated that limited banking operations will be open…

The havoc that the novel coronavirus began to wreak early last year shows no signs of abating. Today, the country is gripped in the third and the deadliest wave so far, recording its highest daily Covid-19 deaths on April 28. As of now, the virus has infected over 800,000 and killed about 18,000 Pakistanis, while over 700,000 people have also recovered from the disease. A number of vaccines – developed and trailed in record time – now raise hopes of an end to this unprecedented pandemic that hasn’t stopped jolting our economy and lives for over a year. Besides their…

The Federal Board of Revenue (FBR) has exempted customs duty on the import of three types of cotton yarn up to June 30, 2021. In this connection, the FBR has issued an S.R.O. 533(I)/2021 on Thursday. Under the notification, the federal government has exempted the whole of customs duties leviable on import of cotton yarn (other than sewing thread), containing 85% or more by weight of cotton, not put up for retail sale; cotton yarn (other than sewing thread), containing less than 85% by weight of cotton, not put up for retail sale and cotton yarn (other than sewing thread)…

The Pakistan Rupee (PKR) continued its upward journey against the US Dollar (USD) in the interbank market. This marks the seventh consecutive day of improvement for the rupee against the greenback. The rupee gained 44 paisas against the USD in the interbank currency market today, closing at Rs. 152.59 to the USD at the end of the trading day today (Thursday, 6 May) compared to Rs. 153.03 to the USD on Wednesday (5 May). According to a dealer, the rupee was appreciating due to inflows of Eid-related remittances. He said overseas Pakistanis usually send money to their relatives for Eid…

As part of the government’s Ehsaas Program, Prime Minister Imran Khan launched “Koi Bhooka Nahin Soyega” initiative to provide for the underprivileged and work towards making sure no one is left hungry in the country. Daraz takes part in this drive by providing its platform to individuals around the world who want to donate to this program. Last year, Daraz collected more than PKR 1 Crore in its Ramadan online donation drive, and this year it aims to collect more through its platform to support substantial initiatives like this one initiated by the premier and Saylani Welfare Trust. The project…