Tech and Telecom

Pakistan Railways announced on Wednesday that it will operate three special trains for Eid-ul-Adha to facilitate holiday travel. Two of these trains will depart from Karachi, with the first one heading to Peshawar on June 14 at 6:30 PM, exclusively offering economy class coaches. The second train will leave for Lahore on June 15 at 9:30 PM, featuring a mix of business, standard, and economy class coaches. Furthermore, a third special train will depart from Quetta, ensuring that travelers from various regions can reach their destinations for the festive occasion. On the other hand, Eid-ul-Adha will most likely be celebrated…

Just a few days after announcing its collaboration with Eco-Green Motors Limited, Dewan Motors launched its first electric vehicle in Pakistan, Honri Ve. In a ceremony in Karachi yesterday, the company revealed the vehicle. The event was attended by the top management of the company. Price According to Dewan Motors, the Honri Ve can be purchased for Rs. 3,999,000. This makes it a little more expensive than the EV launched by GiGi Motors last year. Battery and Range The Honri Ve is equipped with a Ternary Lithium Battery and a Permanent Synchronous motor, producing a maximum power of 40 hp…

The private sector of Pakistan and China inked 32 memoranda of understanding (MoUs) in different fields on the sidelines of the Pakistan Business Conference in Shenzhen after the B2B Meetings between Pakistani businessmen and their counterparts from China. Pakistan and Chinese companies signed these MoUs as a result of the B2B Initiative of the federal government. The areas of interest for the business community of both sides included the fields of electronics & home appliances, ICT, textile, leather & footwear, minerals and pharmaceuticals, etc. The private sector of both countries signed four MoUs in the field of energy, two in…

Pakistan Stock Exchange (PSX has proposed that the rate of tax for all listed companies be permanently lowered by giving a tax credit of 20 percent including a minimum free float of 25 percent. This will result in higher tax revenue from listed companies along with increased documentation and transparency once listed, as well as higher revenue from Capital Gains Tax (CGT). PSX has submitted a series of important tax proposals to the Ministry of Finance (MoF) and the Federal Board of Revenue (FBR) for consideration in the federal budget for the fiscal year 2024-25. The measures recommended are revenue-positive…

JazzCash, Pakistan’s leading mobile wallet and digital financial services platform, has surpassed 11 million active app users. This milestone positions it as the largest financial app in Pakistan. The increasing number of active app users indicates a clear upward trend in users migrating to app-based experiences for their financial transactions. Overall, JazzCash hosts 44 million registered users across Pakistan, with more than 30% female customers, 300,000 merchants and over 245,000 agents. Over the past year, the company has demonstrated a solid commitment to digital customer acquisition and engagement. JazzCash has doubled its efforts to enhance security, introduce innovative products, and…

Saudi Arabia’s football team has landed in Islamabad ahead of their second-leg fixture against Pakistan in the FIFA World Cup 2026 qualifiers. The team, accompanied by renowned manager Roberto Mancini and assistant coach Yaya Toure, flew from Riyadh to Islamabad on a chartered flight. This visit marks a historic first for both the two former Manchester City legends in Pakistan. Upon their arrival, the Saudi team was warmly welcomed by Nawaf Bin-Said Al-Malki, the Saudi Ambassador to Pakistan. Mancini was presented with a bouquet as a gesture of hospitality. High-ranking officials, including IPC Secretary Zahoor Ahmed, PSB Director General Shahid…

Prime Minister’s Coordinator on Climate Change, Romina Khurshid Alam on Wednesday said the country had envisioned restoring 100,000 hectares (ha) of degraded land and intended to achieve 6 percent forest cover of the total area. She was addressing the World Environment Day seminar titled Land Restoration, Desertification and Drought Resilience: Our Land, Our Future jointly organized by the Ministry of Climate Change and Environmental Coordination, in collaboration with the United Nations Environment Programme (UNEP), and the Sustainable Development Policy Institute (SDPI). In her keynote address, Romina Khurshid Alam said the theme for World Environment Day 2024 was a timely reminder…

The Pakistani rupee (PKR) was stable against the US Dollar today after opening trade at 278 in the interbank market. It was stable all day but closed in red against the greenback. It posted losses against some of the other major currencies during today’s session. The interbank rate stayed at 278/$ most of the day before closing at the same level. Open market rates across multiple currency counters were strictly at 278 today. The PKR closed at 278.3 against the dollar today. On a fiscal year-to-date basis, the rupee has so far appreciated by 2.86 percent. Overall, the rupee is…

Given the current digital situation, companies have been more concerned regarding their security and data breaches than ever. A number of businesses have adopted the transition from their traditional IT infrastructure to more sophisticated Cloud Solutions. According to Gartner, more than 95% of new digital workloads will be deployed upon cloud-native platforms by 2025. This highlights the growing need for scalable, adaptable, and cost-effective IT infrastructure that is driving the necessity for cloud solutions. This is where Wateen comes into play. It provides sophisticated cloud-based solutions that are personalized as per a business’s needs. Wateen an ICT Company Wateen Telecom…

After posting minor gains a day earlier, the price of gold in Pakistan fell by Rs. 400 per tola on Wednesday. According to data issued by the Karachi Sarafa Association, the price of gold (24 carats) fell by Rs. 400 per tola to Rs. 240,600, while the price of 10 grams decreased by Rs. 343 to Rs. 206,276. Gold has had a muted week so far with price remaining stable on Monday before going up by Rs. 700 per tola on Tuesday. Despite trading much below the all-time high level of Rs. 253,000 per tola the the Sarafa Association has…