Caretaker Minister Dr Umar Saif’s IT delegation concluded a fruitful visit to Qatar, exploring opportunities for Pakistani IT firms to contribute to Qatar’s digitization. Discussions with Qatari officials and business leaders emphasized collaboration potential, with a focus on encouraging investments in Pakistani startups highlighted at the Pakistan-Qatar IT Conference.
The Finance Division expects a gradual decline in inflation from November’s peak of 29.2 percent to 25.5-26.5 percent in December, citing improved economic outlook and easing supply pressures. Despite a previous prediction error for November, the division remains optimistic about diminishing inflationary pressures.
The State Bank of Pakistan launches the Raast P2M service, empowering businesses to accept digital payments seamlessly. Regulated entities must adopt P2M transactions by March 1, 2024, with an emphasis on cybersecurity and customer awareness.
CodeNinja, a tech solutions provider in Pakistan, receives a $1.6 million investment from sAi Venture Capital, signaling a strategic move to boost its global expansion plans and leverage technology for enhanced operational efficiency. With a notable 100% year-on-year business growth, CodeNinja is positioned for success in the competitive technology landscape.
Google celebrated the graduation of 94 Pakistani app and game development studios from its App Growth Lab, showcasing the program’s impact on the country’s digital ecosystem. The initiative, expanded to include app developers, provided tailored training and support, contributing to Pakistan’s rapid ascent as the world’s fastest-growing developer market.
Pakistan’s path to self-sufficiency in edible oil within a decade hinges on unlocking the vast potential of olive farming and millions of wild olive trees, saving $4.5 billion in annual imports. A recent discussion at the Institute of Policy Studies underscored the transformative impact, emphasizing the need for awareness, collaboration, and the integration of success stories into educational curricula for a holistic socio-economic transformation.
Pakistani teams achieved a milestone by debuting in the global cybersecurity event, Black Hat, with notable rankings—AirOverflow secured 27th, Sudoers at 32nd, and Gryffens at 33rd out of 250 teams. Ignite’s initiative provided a unique platform for these teams, marking a historic leap in Pakistan’s cybersecurity representation.
Jubilee Life Insurance marks its 5th year partnering with SEED Ventures on the Enterprise Challenge Pakistan, empowering thousands of students and fostering entrepreneurship among the youth. This collaboration reflects Jubilee Life’s commitment to creating positive social impact and shaping the next generation of leaders in Pakistan.
Pakistan aims to become a global IT hub with its inaugural export strategy projecting a surge in annual IT revenues to $15 billion in 5 to 6 years. Focused on key segments like Software Development, the plan taps into the nation’s 1 million freelancers and a robust 316,000-strong IT workforce.
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