Tech and Telecom

In a blockbuster game at the FIH Nations Cup, Pakistan’s men’s hockey team showcased their resilience against a formidable Malaysian side after they came back from 4-1 down in the third quarter at Gniezo, Poland. Nine teams are competing for glory in this tournament including Austria, Canada, France, Korea, Malaysia, New Zealand, Pakistan, South Africa, and the hosts Poland. Currently placed in pool B alongside Canada, France, and Malaysia while the other group consists of five teams. Pakistan initially struggled to gain a foothold in the game. However, the tide turned in the third quarter when Abdul Rehman broke through…

The Lahore Development Authority (LDA) continued its crackdown on illegal commercial use in Lahore. Due to unauthorized commercial activities, LDA teams sealed over 80 buildings in LDA Avenue-I and Jubilee Town. Sealed properties include private schools, property dealerships, laboratories, stores, and offices. According to LDA officials, multiple notices were issued to these buildings’ owners before the operation. The operation was supervised by the Director of Town Planning-II, Azhar Ali, and was conducted with the assistance of enforcement teams and police. LDA Director General Tahir Farooq has mandated the ongoing and indiscriminate enforcement of building and parking bylaws, targeting encroachments and…

Pakistan launched its second communication satellite, PAKSAT MM1, on Thursday to enhance the country’s internet and communication infrastructure. The Pakistan Space and Upper Atmosphere Research Commission (Suparco) announced last week that the multi-mission communication satellite would be launched from China’s Xichang Satellite Launch Centre. The launch took place late last night. Earlier this month, Pakistan made history by launching its first satellite as part of China’s Chang’e-6 lunar mission from Hainan. According to a statement from state-run broadcaster Pakistan Television, the new satellite will “provide the best internet facilities across Pakistan” and improve television broadcasts, cellular phone services, and broadband.…

Pakistan ranks 101 out of 119 countries in the Travel and Tourism Development Index (TTDI) released by the World Economic Forum (WEF). In Southeast Asia, it stands slightly higher than Nepal (105) and Bangladesh (109) but significantly lower than India (39) and Sri Lanka (76). The TTDI is a component of WEF’s broader initiative aimed at fostering a more sustainable, inclusive, and resilient future for economies and local communities by collaborating with industry and government stakeholders. Pakistan, classified as a lower-middle-income economy, falls within the Asia-Pacific regional group. Among Middle Eastern countries, the United Arab Emirates claims the top spot…

Federal Minister for Planning & Development, Ahsan Iqbal Chaudhry inaugurated Nestlé Pakistan’s clean and safe drinking water facility in Narowal that aims to cater to more than 10,000 people in the district. Speaking on the occasion, Ahsan Iqbal said “Access to clean and safe drinking water is an absolute necessity for all of us, and I am touched that Nestlé has focused its community efforts for the people of Narowal. It is a remarkable contribution, and I am hopeful that people will truly benefit from this.” During the inauguration, Jason Avanceña, Chief Executive Officer, Nestlé Pakistan said, “We are committed…

Regressive taxation measures like the Federal Excise Duty are preventing the formal economy from growing. At a time when the government is in a position to devise policy measures that can boost exports, it will be a litmus test to see whether it decides to tap into the export potential that packaged fruit juices industry holds in terms of exports. According to reports shared by the Fruit Juice Council, the industry has projected export potential of USD 100 million. Currently, packaged juices are exported to more than 30 countries across the world, with current exports amounting to USD 100 Mio.…

Pakistan skipper Babar Azam called for the middle-order batters to step up following their defeat in the 4th T20I against England at the Kennington Oval by 7 wickets with 27 balls to spare. Babar emphasized the urgent need for middle-order batters to elevate their performance. Pakistan, who were put into bat by England after losing the toss, started strongly during the powerplay but the middle order crumbled as soon as the Pakistan captain got out. “After six overs we were doing very well, but then I got out, the middle-order needs to step up,” Babar remarked, in a post-match press…

The Sensitive Price Index-based inflation for the week ended May 30, 2024, increased by 0.11 percent, says Pakistan Bureau of Statistics (PBS). The short term inflation had declined for the previous six weeks on a week-on-week basis. During the week, out of 51 items, prices of 14 (27.45 percent) items increased, 14 (27.45 percent) items decreased and 23 (45.10 percent) items remained stable. The items, prices of which, increased during the period under review include tomatoes (11.25 percent), onions (3.62 percent), pulse mash (2 percent), bananas (1.78 percent), potatoes (1.23 percent), curd (1.17 percent), pulse gram (1.04 percent), milk fresh…

In an era where practical experience is paramount to career success, Sybrid and ICE Animations have taken a significant step forward by launching an expansive internship program across 16 diverse verticals under their #SybridImpact program. This initiative is a testament to their commitment to fostering professional growth and providing young talent with the tools they need to thrive in their respective fields. A Commitment to Professional Development Sybrid and ICE Animations are renowned for their dedication to nurturing the next generation of professionals. Their internship program is designed to offer: Holistic Learning Experiences: Interns engage in substantial projects that directly…

Pakistan and Kuwait have agreed to sign a loan agreement of $25 million on 3rd June 2024 for the Mohmand Dam, with assurances of support from the Kuwait Fund for engaging the Arab Coordination Group in financing the Diamer Bhasha Dam. Further, the Fund expressed its willingness to consider the financing request from the Government of Pakistan for the Kachhi Canal project. According to an official statement issued by the Ministry of Economic Affairs, the 5th Session of the Pakistan-Kuwait Joint Ministerial Commission (JMC) convened from 28th to 30th May 2024 in Kuwait, marking a significant stride in strengthening the…