24/7 News – What is Happening Around US

COVID-19 has provided the telecom sector of Pakistan an opportunity to expand further and to strive for reducing existing digital inequality in the country. The experts from the telecom sector said this during a webinar on ‘Future of Telecom Industry amid COVID-19 with special focus on Pakistan’ organized by Sustainable Development Policy Institute (SDPI). ALSO READ Jazz Becomes 1st Telco with 100% Staff Now Vaccinated Against COVID-19 Muhammad Arif Sargana, Director General Commercial Affairs Pakistan Telecommunication Authority (PTA), highlighted that the COVID-19 pandemic has hit every sector of the economy but on the contrary, it proved to be an opportunity…

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Blockchain is the future of technology. Globally the blockchain market is forecasted to reach the size of US$23.3 Billion by 2023 representing a CAGR of 81%. Pakistan’s IT industry is growing rapidly as well. Each year, 20,000 IT graduates on average join the tech sector. Our IT exports have hit the mark of US $2 Billion in the first quarter of the FY 2021 alone. That’s a significant indicator of what the future holds for the tech sector of Pakistan but we need to strengthen our economy further. That can only be done when our youth is actively involved in…

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Public Accounts Committee (PAC) has referred two mega tax fraud scams involving over Rs. 6 billion to the National Accountability Bureau (NAB) for investigation of tax evasion and illegal exemptions/concessions availed by two companies. On Thursday, Rana Tanveer Hussain, Chairman of the PAC, decided after declaring the Federal Board of Revenue’s (FBR) response as unsatisfactory in the matter of the Chahat Food Industries Limited. ALSO READ Pakistan’s Economy is Growing But Boom-Bust Cycles Must be Avoided: SBP Governor The team of the Auditor General of Pakistan (AGP) visited the head office and factory’s premises in Lahore and Vehari for verification…

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JS Bank and NayaPay have signed an agreement to collaborate on enhancing digital payments in Pakistan. As a result, JS Bank and NayaPay’s mutual customers can link their JS Bank account or JCash wallet to their NayaPay wallet for convenient money transfers between accounts and for merchants to offload funds to their designated JS Bank account. In addition, consumers and businesses can use their linked accounts to pay verified merchants on the NayaPay app. Customers may also load their NayaPay wallets by simply using the JSBL internet banking portal and mobile banking app or by visiting any JSBL branch for…

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Pakistan will receive $2.77 billion from the International Monetary Fund (IMF) on August 23 in the organization’s bid to sustain global financial liquidity amidst the COVID-19 pandemic. This development was shared by Finance Minister Shaukat Tarin here on Thursday while addressing a press conference. He also mentioned that the allocated funds will be directly sent to the State Bank of Pakistan (SBP) which will further boost the country’s forex reserves and stabilize the economy. The funds are an “unconditional” allocation from the global lender, said Tarin, further suggesting that these funds will be used in a productive and efficient way…

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