Pakistan Archives - Page 27 of 71

Is there any scope for E Commerce in Pakistan?

27Oct

By Muhammad Dastageer Shams2 Comments

Business

Is there any scope for E Commerce in Pakistan?

For decades Pakistan did not even enter the race of technology and e-commerce. There are multiple reasons for this including political instability, poor leadership, an outdated education system, and many more. However, the previous decade has changed this perspective quite a bit. The world is starting to visualize the real potential of Pakistan's IT industry. The past decade proved to be a major breakthrough for Pakistan in terms of IT growth and world recognition. However, the International trade association still considers Pakistan to be a cash-based informal economy. This means, according to the international trade association, most of the transactions are made with cash in Pakistan. Still, the rise of e-commerce in this type of economy surprises everyone. Pakistan's market started ...

Saudi Arabia to build Aramco Oil Refinery in Gwadar

26Oct

By Muhammad Dastageer ShamsNo Comments

Pakistan

Saudi Arabia to build Aramco Oil Refinery in Gwadar

Saudi Arabia has recently decided that it would build an Aramco Oil Refinery in Gwadar Pakistan. Gwadar is the world's only deep-sea port but unfortunately, Pakistan could not use it for decades. This is because firstly Pakistan did not have enough economic stability to fund the port for operations. The second and main reason behind the closure of Gwadar port is the state of threat and terrorism in the province. However, in the past few years, the government was able to somehow manage both of these problems. Saudi Arabia is an old friend of Pakistan due to its diplomatic and religious ties. Saudi Arabia has announced that it would build an Aramco Oil Refinery in Gwadar. The government of Pakistan was continuously pushing KSA to invest more money into Pakistan. Saudi Arabia had agreed t...

Journalist Arshad Sharif killed in Nairobi, Kenya

25Oct

By Azmat ShabbirNo Comments

Pakistan

Journalist Arshad Sharif killed in Nairobi, Kenya

The 49-year-old journalist, who fled Pakistan in August after multiple cases were filed for criticizing the military, was shot dead in Kenya. A prominent Pakistani investigative journalist Arshad Sharif critical of the country's powerful military has been killed in Kenya nearly two months after he left Pakistan. "I lost my friend, husband and my favorite journalist today, according to the police he was shot in Kenya," Jawaria Siddique tweeted about the death of her husband Arshad Sharif on Sunday night. Alleging harassment by state agencies as well as threats to his life, he moved to Dubai in August and later to Kenya. ARY, the channel Sharif worked for for the past eight years, was briefly shut down in August for airing "false, hateful and seditious" content. The channel announc...

Pakistan’s first truly indigenous embedded microprocessor released by NUST

25Oct

By Muhammad Dastageer Shams1 Comment

Pakistan

Pakistan’s first truly indigenous embedded microprocessor released by NUST

NUST researchers have done it yet again by releasing Pakistan's first truly indigenous embedded microprocessor. The National University of Sciences and Technology has yet again proved to be a valuable asset to the country. This time by producing an embedded microprocessor that is completely made in Pakistan. The team has named the microprocessor NTiny-E. NUSTs research team says they have completely designed and manufactured in their own facility. In a press release, NUST stated that a team of researchers was already working on this task. Dr. Rehan Ahmed led a research team from the NUST School of Electrical Engineering & Computer Science (SEECS). Semiconductors chips are one of the most important components of all electronic devices. From our computers to our Mobile phones to eve...

Finally, FATF removes Pakistan from the grey list

24Oct

By Muhammad Dastageer ShamsNo Comments

Pakistan

Finally, FATF removes Pakistan from the grey list

FATF has finally removed Pakistan from the grey list. The Financial Action Task Force (FATF) has recently decided to remove Pakistan’s name from the grey list. FATF has been monitoring Pakistan for the last 4 to 5 years. After extensive monitoring and Pakistan’s struggles to fight terrorism, they have decided to remove Pakistan’s name. The country has been on the “grey list” of FATF since 2018. The reason for putting Pakistan on the list was “strategic counter-terrorist financing-related deficiencies”. The country has been struggling to get off the list ever since. However, recently the country made progress and Pakistan was able to come out of the list. FATF President T Raja Kumar announced the removal decision on an international forum. There was a 2-day meeting in Paris, France wher...