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Browsing: Technology
TECNO, a leading tech brand in Pakistan, collaborates with Jazz and NUST to sponsor the first 5G Innovation Hackathon, empowering participants with phones for research and awarding winners with TECNO’s cutting-edge 5G devices. The event aims to tackle sector challenges and foster innovation for a more connected future.
Pakistan’s Deploy Group, a leading mobile manufacturer, is expanding globally with its Sparx smartphone and other brands. Their recent export order from Nigeria highlights the international success of Pakistani technology, supported by government facilitation.
ezBike, a key player in Pakistan’s electric vehicle sector, unveiled the first Battery Swap Station Network and their latest Electron scooter, advancing eco-friendly transport accessibility. With 40 swap stations, they’re driving Pakistan towards a cleaner, greener future.
Saudi Arabia’s Ambassador to Pakistan offers support to streamline visa processes for Pakistani IT professionals, following a meeting with the Caretaker Federal Minister for IT and Telecommunication.
Management Position officers (MP I, MP II, and MP III) will see a substantial 45% pay and benefits increase approved by the Caretaker Prime Minister, effective from October 1, 2023, with adjustments to salary, house rent, and allowances. These changes will be covered by respective divisions/ministries, and existing MP scale officers will receive the revised package based on their performance evaluations, while transport allowances remain unaltered.
The Metropolitan Corporation Islamabad (MCI) is embracing digital transformation by introducing a modern system for public parking fees in the city. The project, carried out in collaboration with a private company, will begin in popular areas like F-9 Park, aiming to simplify the payment process for citizens without changing existing parking rates.
Telenor Pakistan’s Q3 2023 revenue grew by 6.1% YoY, reaching Rs. 28.22 billion, and service revenue increased by 4.2% to Rs. 22.48 billion. The company is actively evaluating strategic options for its Pakistan business, with a decision expected by year-end.
Pakistan’s Ministry of Information Technology is actively working on integrating international payment gateways like PayPal and Stripe to enhance the country’s IT industry. They are also launching the Pakistan Startup Fund to attract venture capital and foster the startup culture.
Zong 4G in Pakistan has swiftly risen as a premier international roaming provider, tripling its revenue within a year by offering tailored packages for 150+ countries and a range of prepaid bundles. Their customer-centric approach and extensive partner network have set them apart, making them the country’s fastest-growing international roaming provider.
Atlas Honda Limited (ALTH) in Pakistan achieved a remarkable 152% year-on-year profit increase in Q1 2023-24, with an after-tax profit of Rs1.956 billion. This growth led to an EPS of Rs15.77 and a significant interim cash dividend of Rs17 per share.