IT/Telecom

  In Pakistan financial institutions have been the pioneer of technology deployment. This is partly because of the nature of their business and partly because of dealing with their counterparts located in developed countries. The added advantage have been that they have ample funds and also because ‘globally acceptable’ hardware and software are available. They also have on credit ‘development of tailor made programs’ that are Pakistan specific. Deployment of …

  The telecommunication industry in Pakistan has witnessed a striking growth over the past 10 years. In early days, owning a mobile phone and a SIM was more of a status symbol rather than a necessity. Due to a number of mobile companies entering into the country since 2004, owning a mobile phone turned into more of a need by virtue of social or economic standing. It was after 2005 …

  Mobile banking becomes fastest growing payment channel It is because of telecom explosion that opened new concepts of business expansion especially in the financial sector as today the fastest growing payment channel in the country is Mobile Banking. According to official sources the number of transactions increased by 170.7% compared with that in the same period last year. Presently, there are around 1.5 million registered users of Mobile Banking …

  With more than 180 million population and 132.33 million cellular mobile subscribers, Pakistan’s telecom sector offers huge opportunities for international and domestic investors. Foreign telecom firms have important presence in the country. These firms are fruitfully doing business in Pakistan. The telecom sector has attracted considerable foreign investment after the deregulation. During FY06 to FY12, Pakistan’s telecom sector attracted more than US$12 billion of investments including $6 billion foreign …

  The company is firm in improving the it skills of Pakistani students and teachers Intel continues to play a critical role in establishing a solid educational foundation within Pakistan by preparing students with the skills required to succeed in today’s knowledge based economy. The Intel Education Initiative in Pakistan is playing a key role in strengthening education through ICT in the remote areas of Pakistan by helping schools and …

  There are two contrary opinions about Pakistanis being Information technology savvy: 1) Pakistan has reasonable percentage of technology savvy people and 2) the level of IT education is far from satisfactory. Some experts say both the opinions are valid and it depends on the segment of population anyone is trying to explore. However, the split between urban and rural areas continue to have impacts. They say a lot depends …

  In Pakistan banks were the first to deploy technology as they had funds and also wanted to enhance their footprint. On top of that it was growing pressure of the corporate sector to make banking more efficient. Banks went for mainframe computers and soon also started processing bills of utility companies. After a while utilities installed their own systems. However, the real revolution came with the advent of personal …

  With a population of around 200 million individuals, Pakistan has the potential to become next major Internet market in terms of number of connected people in the next coming few years. According to one estimate, 9 percent of the country’s population goes online during last year while another 30 percent are likely to get connected to Internet in next three to five years. The trend to use Internet has …

  Ufone-Meezan Bank takes initiative for first Islamic branchless banking in the country It is quite evident that the conventional approach of bricks and mortar branches will never adequately serve the millions of un-banked masses in Pakistan unless the strategy of financial inclusion is supported by the telecom sector in Pakistan. Being an agriculture country with over 68 percent of the total population is rural-based in Pakistan, the conventional banking …

  Smartphones trade reached peak and set to grow further Pakistan with a market of about 200 million people continues to allure foreign firms to invest in the country’s telecom market, which has the footmarks of strategic investors such as Orascom, Etisalat, Telenor, Abu Dhabi Group’s Warid Telecom and Canada’s Nortel Networks and China’s telecom giants — ZTE Corporation and China Mobile. Pakistan has the highest mobile penetration rate in …