ISLAMABAD: The automotive industry has laid off thousands of workers in recent months due to a decline in the sale of vehicles and spare parts triggered by the government’s ban on the import of raw materials, massive depreciation of the rupee and soaring inflation, The News reported citing an Arab News report. Pakistan is facing its most daunting economic...
Category: Technology
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Car sales plunge 44pc in December on import curbs
KARACHI: Passenger car sales plunged 44 percent in December from a year earlier, industry data showed on Wednesday, a sign that import bottlenecks continued to weigh on the country’s fragile consumption. The passenger car sales dropped to 13,768 units in December 2022, against 24,471 units recorded in December 2021, as per data released by Pakistan Automotive Manufacturers...
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Privatisation of power distribution companies-II
In Germany, even local government manages power distribution. In India, DISCOs (distribution companies) are provincially managed where these are in the public sector as well. In Pakistan, both provinces and the federal government have played with the idea of provincialisation of DISCOs. In Sindh, there has been a particular interest in this respect. PPP-led provincial...
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How 5G Will Transform Pakistan’s Economy
Having recently introduced the Internet of Things (IoT) framework and cloud-first policy, Pakistan has set off on the path to technological transformation which can receive a significant boost with the launch of 5G technology. These technologies can potentially bring in a much-needed economic revolution as these can be game-changers for a developing country like Pakistan...
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Pakistan’s IT Company NdcTech Showcased at Global Banking Event Held at ExCeL London
NdcTech, Pakistan’s leading IT and consulting company, was invited to showcase its offerings as a Silver Sponsor at the Temenos Community Forum 2022, one of the most prestigious banking technology events held recently in the world’s financial city, London, UK. Ammara Masood, CEO and President of NdcTech, and Asif Peer, CEO of Systems Ltd., were...
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These are Rankings of Pakistani Telecom Networks Based on PTA Data
The Cellular Mobile Operators (CMOs) have missed SMS and Voice Key Performance Indicators (KPIs), and were found below the licensed threshold, says Pakistan Telecommunication Authority (PTA). The PTA issued instructions to the operators for taking corrective measures to ensure improvement in the service quality according to the licensing standards.PTA has carried out an independent Quality of Service...
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Uber Users Can Now View Their Own Ratings
Uber for the first time is allowing its customers to see the stats of one-star and five-star ratings they’ve received from their drivers, respectively. The update came with an aim to offer the platform users a closer look into the rating system that determines whether or not they can be kicked off the app.For years,...
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Bitcoin and Crypto Crash Causes Over $1 Trillion in Losses
For Bitcoin, the only constant has been its recent decline. With the US Federal Reserve’s plans to withdraw stimulus from the market, riskier assets have suffered all across the globe. One of the largest digital assets in the world, Bitcoin has lost more than 12% on Friday and dropped below $36,000, the lowest since July....
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vivo Unveils V1, its Self-Designed Imaging Chip
vivo unveiled its new self-designed Imaging Chip V1 during a press event held in Shenzhen, China. Throughout the event, vivo introduced the Imaging Chip V1 and expanded on its four long-term strategic tracks. “V1 is a fully customized integrated circuit chip dedicated for imaging and video applications with leading-edge visual quality, marking a key milestone...
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New Samsung Experience Stores Open in Lahore’s Hafeez Center
Samsung Pakistan announced the opening of two new experience stores: The Phone Shop and the Mobile Store in Hafeez Center, Lahore’s famous smartphone market. Customers can visit the stores to get the full Samsung experience and to purchase their latest products. The stores will serve to give customers a centralized shopping space where they can truly experience the Galaxy...