Browsing: Technology

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Bank Alfalah’s 2023 initiative, led by Chairman Sheikh Nahayan bin Mubarak Al Nahayan, disbursed PKR 1.24 billion for comprehensive flood relief, addressing healthcare, housing, education, and livelihoods. The two-phased strategy emphasizes immediate relief and long-term community redevelopment, partnering with 24 organizations for sustainable and inclusive rebuilding.

Ignite, through the co-working spaces project, is set to support 25,000 freelancers in Pakistan with an innovative subsidy model, utilizing Rs. 1 billion from the Public Sector Development Program. This groundbreaking initiative aims to empower freelancers by channeling funds to co-working space owners, facilitating the creation of essential facilities and fostering a dynamic freelance landscape.

Dr. Umar Saif introduces the Rs. 2 billion Pakistan Startup Fund, offering crucial financial aid to startups with 30% support from the fund and 70% from venture capitalists, aiming to foster innovation and growth in Pakistan’s tech landscape. The initiative aligns with the government’s commitment to supporting over 4,000 startups through National Incubation Centers and attracting global investments.

The Pakistani government, in collaboration with telecom operators, is set to launch an installment plan, easing the financial strain for freelancers and content creators to acquire smartphones affordably. This initiative reflects a broader commitment to technological advancement, including the upcoming implementation of 5G, while promoting responsible spending habits.