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Tag Archives: ICT

Benefits for taking up digital Pakistan policy

Benefits for taking up digital Pakistan policy

The present government is striving to improve its citizens’ quality of life and economic well-being by ensuring availability of accessible, affordable, reliable, universal and high-quality Information and Telecommunications Technology (ICT) services. It believes in mass adoption of emerging digital technologies and innovative applications to enable cross-sector socio-economic development and transformation of economic activities, governance models, social interaction, and achievement of sustainable development goals. It was in this backdrop that Digital …

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Bright future of Pakistan e-commerce industry

Bright future of Pakistan e-commerce industry

This year, Toyota Pakistan announced its collaboration with Pakistan’s one of the biggest e-commerce platform, Daraz.pk. This will enable people to buy car from the Toyota’s official store on Daraz. Electronic Commerce or e-commerce is actually the business done through the Internet in the present era of modernization and technology. The rapidly growing usage of internet is shifting the world towards the e-commerce. Phenomenal advancement in Information and Communications Technology …

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Boosting forex through telecom and software exports

Boosting forex through telecom and software exports

Foreign direct investment in telecom The telecom sector has been a star performer lately when it comes to foreign direct investment. The sudden rise in telecom FDI this fiscal, however, owes mainly to the license renewal. Telecom companies have made partial payments to renew their right to operate in Pakistan. The government, meanwhile, pocketed valuable non-tax revenues to meet IMF targets. There have been rounds of inflows and outflows in …

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Modern banking make headway in Balochistan

Modern banking make headway in Balochistan

Pakistan’s banking sector witnessed unprecedented growth after 2001 due to low interest rate and product innovation in consumer financing. Like other provinces, Balochistan is also the beneficiary of the current low interest rate, particularly in consumer financing, which has emerged out as one of most prolific aspects of banking in Pakistan. Consumer financing products include credit cards, personal loans, auto loans and housing mortgage. It not only contributes towards facilitating …

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Import of mobile phones grow by 79.46pc in 7m fy2020

Import of mobile phones grow by 79.46pc in 7m fy2020

World it is said, has become a worldwide village and this is because of prompt, easy and accessible communication. Everywhere telecom segment has altered the shape of communication and this is a hot issue presently in Pakistan. According to the statistics published through Pakistan Bureau of Statistics (PBS), Pakistan imported mobile phones worth $760.582 million during July-January (2019-20) as against to $423.818 million during July-January (2018-19), explaining a growth of …

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Growth challenges for branchless banking in Pakistan

  The banking industry in Pakistan faces tough competition unleashed in the global arena. Information and Communication Technologies (ICT) have transformed the global economy bringing about a revolutionary change in the financial sector. This revolution finds manifestations today in shape of innovative banking products and services such as Automated Teller Machines (ATMs), Internet banking, tele-banking and so on. Online banking has introduced non-traditional channels of delivering services in the banking …

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Electronic banking: scope and prospects

  Pakistan’s Information Communication Technology (ICT) sector has witnessed tremendous growth during the last 15 years or so. Banking sector, though for the wrong reasons, has managed to keep pace with the ICT sector’s fast-paced growth. The abolition of fractional reserve system in 1971 and the post-crisis ‘Quantitative Easing’ have generated a spate of US dollars. These dollars, traveling on the vehicle of foreign trade, have infused the entire global …

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Plan9 – Pakistan’s largest technology incubator aiming to facilitate technological entrepreneurship

  The Punjab government is committed to bringing transparency, efficiency and accountability through the use of ICT interventions and e-Governance. The Punjab Information Technology Board (PITB), led by Dr. Umar Saif, is at the forefront of efforts by the Punjab government to help citizens gain access to technology as well as to interact with the government in a more transparent and accessible manner. The Punjab E-gateway Project, planned and executed …

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Technology becoming integral part of our life

  If one sits down to take an account of how technology has become part of his/her life it may be difficult to think from where to begin. Almost everything what is done is driven my some sort of micro processor by it the wake up alarm set in a mobile phone, tea maker/toaster, unlocking of car to step in, elevator, biometric attendance, working at desktop or laptop computer and …

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ICT- banking industry is the best beneficiary

  Although the Information and Communication Technology (ICT) is taking roots in almost every segment of the society and even weeding out the chronic rot of file culture in our government organizations, yet the best advantage of the ICT is being enjoyed by the financial sector in Pakistan. In this respect, the Standard Chartered Bank, Pakistan’s largest international bank is taking a lead with one step ahead in its drive …

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