Mobile phones have been an every growing business in Pakistan, which affects demand and use for online banking. The cellular industry of Pakistan is regarded to be the best in Asia in terms of sales and has attracted many foreign cellular operators for investments. China looks at the Pakistani market with hawk’s eye. China has an ever-growing market for phones and the best market for Chinese brands is Pakistan. …

  Android, Inc. was founded in Palo Alto, California in October 2003 by Andy Rubin, Rich Miner, Nick Sears and Chris White. The company was formed with the idea of developing an advanced operating system for digital cameras. Later looking at the size of the market of cellular phones, the company decided to make an operating system in competition with Symbian and Windows Mobile. Google acquired Android Inc. on August …

  Northern areas of Pakistan and Khyber Pakhtunkhwa been specially focused The Agha Khan manages all social and humanitarian initiatives through the Agha Khan Development Network (AKDN). Eleven agencies operate within the AKDN each focusing on a different objective e.g. education, health, microfinance, planning and building etc. Regional agencies within AKDN identify areas where funds can be allocated whereas budgeting is done through the AKDN regional office. AKDN operates no …

  Based on demographic profiling, Pakistan has a population of 196 million people with a median age of 21 years for both male and female. Based on literacy which is defined as those who have attained the age of 15 and can read and write is estimated at 58 percent with male literacy at 70 percent and female literacy rate being 46 percent. Pakistan comprises of a young population which …

  Terminos is considered as the best core banking system in the world whereas the Terminos Group is the leading software solution provider in the world. Terminos globally is used by more than 2,000 financial institutions, which includes 38 of 50 top banks. The system collectively manages more than 500 million customers in the world. Not only does Terminos T24 serve conventional banking, the system has been modified for Islamic …

  Almost 40 percent of the world oil supply and price is controlled by the largest cartel in the world i.e. OPEC (Organization of the Petroleum Exporting Countries). Being an export commodity, GDP of exporting nations is defined through the price of oil, subsequently budgets and expeditions are finalized. It is in vested interest of OPEC nations to keep oil prices high. There have been numerous instances where OPEC has …

  Pakistan being primarily an import-based country and is highly reliant on logistics to move goods from one part of the country to another. There are many companies from multinationals to private limited to general contractors who are involved in the logistics industry. It is estimated that value of Pakistan’s logistics sector includes transportation and warehousing is US$530 million. Almost 91 percent of transportation is done through road. The biggest …

  Hawala is probably the most convenient way of transferring funds from one party to the other i.e. from within Pakistan to abroad or vice versa without intervention of SBP or the financial sector. Hence, the transaction from initiation to execution is untraceable. Hawala is used for genuine need as well as terrorism. When it comes to genuine need, it may arise through a customer or even a company. Hawala …