Tech and Telecom

Former England captain Michael Vaughan has hailed Afghanistan as the second-best team in Asia for white-ball cricket. Vaughan’s comments came after Afghanistan’s stunning victory over Australia in the T20 World Cup 2024 Super 8 stage, a win that has sent shockwaves through the cricketing world. Vaughan praised the Afghan team’s exceptional performance against the former T20 World Champions. He highlighted the skillful play of their squad and the cricketing acumen of their leader, Rashid Khan. “It’s no surprise anymore that Afghanistan produces performances like we have just witnessed. Extremely skillful set of players & brilliantly led by Rashid Khan,” Vaughan…

The Competition Commission of Pakistan (CCP) and Institute of Chartered Accountants of Pakistan (ICAP) join hands to develop a compliance framework on Competition law to be adopted by CA professionals working in various sectors of the economy. This proposal was made by the council members of the ICAP to CCP at the seminar held on Competition Law at ICAP in Lahore. The seminar was part of the series of CCP’s advocacy and ICAP’s CPD activities agreed between the both. The first seminar of this series was held in ICAP Karachi which also got a great response from the stakeholders. This…

On June 29, 2024, Sindh will hold its first premium number plate auction at the Pearl Continental Hotel in Karachi. The auction will feature three exclusive categories of number plates: platinum, gold, and silver, offering unique features, with the platinum category allowing for up to three characters starting at Rs. 2 million. The gold category accommodates up to five characters at a base price of Rs. 1 million, while the silver category permits up to seven characters, beginning at Rs. 50,000. Participants interested in acquiring these premium plates must register beforehand. The auction is expected to attract significant interest from…

The price of gold in Pakistan rose by Rs. 500 per tola on Monday. According to data issued by the Karachi Sarafa Association, the price of gold (24 carats) rose by Rs. 500 per tola to Rs. 242,000, while the price of 10 grams went up by 429 to Rs. 207,476. The Sarafa Association said that the price of gold has been kept under cost by Rs. 1,500 due to the reduction in purchasing power of the buyers. Last week, gold was kept under cost by up to Rs. 4,500 per tola. In the international market, the price of spot…

Flydubai will commence flights to Islamabad and Lahore in Pakistan starting on July 1, 2024. This expansion marks a significant development in Flydubai’s operations, enhancing connectivity between Pakistan and Dubai. Hamad Obaidalla, Chief Commercial Officer at flydubai, expressed the airline’s long-standing commitment to the Pakistani market: “Pakistan has always been a significant market for flydubai. Since we began operations there in 2010, we have observed a consistent travel demand. With the introduction of our daily services to Islamabad and Lahore, we are excited to provide passengers with more opportunities to explore Dubai, the GCC region, and other destinations within the…

The Pakistani rupee (PKR) began the final week of June with losses against the US Dollar today after opening trade at 278 in the interbank market. It was bearish all day and closed in red against the greenback. It posted losses against all 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 278-279 today. The PKR depreciated by 0.04 percent and closed at 278.62 after losing 11 paisas against the dollar today. On a fiscal…

Former Pakistan skipper Rashid Latif believes that the spin-bowling resources in Pakistan are getting scarce due to the bowlers not participating in first-class cricket which should be the priority for every cricketer. During a Podcast with ProPakistani, the former cricketer said that Shadab Khan is struggling not because of his groin injury but because he is predictable in his bowling and the batters can easily read him. “The spinners are struggling in Pakistan because they are not playing enough domestic cricket, Shadab has to bowl longer spells to get his rhythm and variations back. Even if he plays only 3,4…

Millat Tractors Limited (PSX: MTL) has denied media reports about being fined Rs. 5.4 billion in sales tax audit discrepancy, saying that the news has been misreported, the tractor manufacturer informed Pakistan Stock Exchange on Monday. “This refers to a recent news published in the local english daily regarding the imposition of a fine on the Company by the Federal Board of Revenue (FBR) amounting to Rs. 5.4 Billion for Sales Tax Audit discrepancies. The said news is misreported as FBR has not imposed any such fine till the publication of this information,” the stock filing stated. MTL clarified that…

The monsoon season in Balochistan is officially set to begin in July, with forecasts predicting heavier than usual rainfall, raising concerns about potential damage in several districts. The Meteorological Department has issued a warning indicating the likelihood of significant monsoon rains across Balochistan. Areas particularly at risk include the Lasbela district, Naseerabad, and the Makran division, where the intensified rainfall could cause substantial damage. In preparation for the monsoon’s impact, the Provincial Disaster Management Authority (PDMA) has taken proactive measures. Relief materials for 800 families have been allocated and distributed to district administrations to enable a swift response in emergencies.…

The federal government is committed to promote the semiconductors industry, Artificial Intelligence and Quantum Technologies in Pakistan, Planning Minister Ahsan Iqbal said on Monday. Speaking at the launch of the International Nathiagali Summer College on Physics and Contemporary Needs, he said the government is taking steps to foster quantum tech development, including the establishment of a National Centre for Quantum Computing this year. He further informed that the government is working towards nurturing talent in quantum science and technology through scholarships and training programs. Additionally, he commended the Pakistan Atomic Energy Commission for its contributions to sectors like healthcare, agriculture,…