Tech and Telecom

The Pakistan Stock Exchange (PSX) has officially launched the new trading & surveillance system in line with its objective to upgrade and enhance its technological capacity and functionality. The new trading & surveillance system is not only safe and reliable but is also a high-performance, high scalability, and low latency system, PSX said in a statement. The trading system has been operational in Shenzhen Stock Exchange (SZSE), China, having a remarkable safe-operation record of 20 years without any trading interruption. The new trading & surveillance system runs on top of the line latest servers with faster processing speeds and faster…

After falling a day earlier, the price of gold in Pakistan registered an increase on Wednesday to close at Rs. 237,800. According to the data released by All-Pakistan Sarafa Gems and Jewellers Association (APSGJA), the price of gold (24 carats) went down by Rs. 600 per tola to Rs. 237,800 while the price of 10 grams saw a decrease of Rs. 514 to close at Rs. 203,875. This is the second time during the current week that the price of the precious metal has gone up, the price of gold registered an increase of Rs. 2,000 per tola on Monday…

In a significant development, the National Database and Registration Authority (NADRA) has introduced Nishan Pakistan, a game-changing platform that aims to empower commercial startups and young entrepreneurs by providing them with secure biometric verification services. Chairman of NADRA, Tariq Malik, took to Twitter to announce the launch of the beta version for user acceptance testing. #entrepreneurs ! @NadraPak has launched #NishanPakistan, a game-changer platform empowering commercial startups & young entrepreneurs with secure #BiometricVerification Prioritising the citizens' needs, Gen Z of is empowered to embrace the #digital revolution. 1/ pic.twitter.com/Fi0dgG6eXc — Tariq Malik (@ReplyTariq) May 24, 2023 Nishan Pakistan offers a…

In a significant development, Pakistan is set to receive its first-ever shipment of oil from Russia within the next three days, offering much-needed relief to the cash-strapped nation and its general public. Minister of State for Petroleum, Musadik Malik, confirmed the impending arrival of the one-lac-ton shipment during a press conference held in Islamabad. During the presser, the Minister also highlighted the approval of Pakistan’s new greenfield oil refining policy, which is expected to attract investment and stimulate economic growth. The policy envisions building new refineries in special economic zones, providing tax exemptions and investor protection under the Foreign Investment…

The American Business Council of Pakistan (ABC) conducted its annual survey among 60 companies in its association to assess the current business environment in the country. The survey findings reveal that the companies have made significant contributions during the Fiscal Year (FY) 2021-2022. However, significant apprehensions exist about the ease of operating a business in the present and short-term future. Concerns about Pakistan’s international perception have been raised, emphasizing the need for immediate government support and policies to facilitate the investment and expansion plans of American companies operating in Pakistan for FY 2023 and beyond. Key findings from the annual…

In recognition of the potential risks and the need for safer online experiences, Meta leads the charge to promote safe and responsible internet use for young people. While there are numerous advantages to using the web, such as obtaining data, forging social networks, and having fun, there can also be some hazardous effects, like cyberbullying, exposure to adult content, online predators, and identity fraud. Therefore, young people must exercise precaution when navigating the internet. As one of the leading technology companies, Meta is committed to creating a safer digital environment by implementing robust safety measures and educational initiatives. Meta’s efforts…

UAE’s Telecommunications and Digital Government Regulatory Authority (TDRA) has revealed an impressive achievement in the country’s online landscape. In 2022, over 46,000 new domain names were registered under the UAE’s national .ae domain. This has taken the total number of registered domains to 300,000 as of the first quarter (Q1) of 2023. This nearly 20% growth establishes .ae as the most widely used national domain in UAE and the fastest growing in the entire Arab region. The .ae domain offers several features, including the availability of unique and easily recognizable names and abbreviations. This allows individuals and businesses to align…

Wizz Air Abu Dhabi, a low-cost airline in UAE, has introduced discounted prices for certain destinations this summer to meet the high travel demand. Passengers can now get discounted tickets to Salalah (Oman), Santorini (Greece), Maldives, and other locations starting as low as AED 179. The airline also expects high demand for flights to Madinah as travelers prepare for the upcoming Hajj season. According to the Managing Director of Wizz Air Abu Dhabi, Johan Eidhagen, the airline is offering discounts on attractive locations across Africa, Europe, Central Asia, and the Middle East. He advised travelers to book their tickets as…

Population Experts and Government officials gathered in Islamabad to discuss improving population health in Pakistan. Today marks the beginning of a two-day learning event by DAFPAK, a leading organization dedicated to improving population health outcomes in Pakistan, focused on ensuring a brighter future for Pakistan, titled “Pakistan’s Population: A Brighter Future For All.” Delivering Accelerated Family Planning In Pakistan (DAFPAK) is a £90m Foreign, Commonwealth & Development Office (FCDO) programme that aims to improve family planning outcomes across Pakistan by improving access to family planning services for the most vulnerable and disseminating messages for the common good under a platform…

Berlin Gigafactory has produced the first Tesla Model with BYD’s bladed LFP battery. This marks a strange combination as the car is based out of the United States, has a Chinese Battery, and has been manufactured in Germany. So how did this alliance come to be? A CarNewsChina article has explained the situation. The Alliance According to the article, BYD and Tesla have never officially cooperated. Both companies are the world’s largest NEV (New Energy Vehicle, which includes PHEVs, EREVs, and BEVs) producers and arch-rivals. Along with their fierce battle in China for the lion’s share in the EV market,…