News Room

Japan to assist Pakistan in IT sector

Japan is ready to explore new trade and investment avenues in information technology (IT) sector of Pakistan. However, business communities and companies from both the countries need to establish better information exchange channels to get benefit from this huge trade potential. This was said by Embassy of Japan Economic and Development First Secretary Hisashi Tsumura, …

Meezan Bank Introduces Online Account Opening Form

Meezan Bank, Pakistan’s first and largest Islamic Bank, has launched a first-of-its-kind facility in Pakistan by providing its customers the ability to apply online for opening an account. The ‘Online Account Opening Form’, now available on the bank’s website, will enable people to fill and submit the Account Opening Form digitally for opening of Individual, …

Korea’s Exim Bank to complete IT Park feasibility study by August

The government has allowed the South Korean Exim Bank to conducted feasibility study for the construction of state of the art IT Park in the federal capital and final report is likely to be ready by August. An industry source said the Exim Bank has agreed to provide $50 million for establishing IT Park in …

Kwick becomes Pakistan’s first IT company to get membership of GSMA

Kwick High Tech Solutions (Pvt) Ltd which is known for providing IT solutions to Telecommunication and financial sectors has recently become a member of GSM Association, a representative of the interests of mobile operators worldwide. GSMA is working in more than 220 countries along with 800 of the world’s mobile operators with 250 companies which …

Mobilink Contracts Huawei to Deploy Pakistan’s First 100Gbps Optical Network

Mobilink has awarded a contract to Huawei to upgrade its existing network to 100 Gigabytes per second (Gbps) Optical Transport Network (OTN), a first of its kind in Pakistan. The 100Gbps OTN will be deployed across a long haul fiber network on a nationwide basis which shall facilitate Mobilink in fulfilling the ever growing data …

Pakistan’s high IT-telecom profits attracting new FDI

High IT-telecom profits have started attracting new foreign investment and big revenues for the government. The government’s telecom policy led by Ms Anusha Rehman, Minister of IT and Telecommunications, is doing well for all the stakeholders, investors, users and the government, the latest company results indicate. IT-telecom sector attracted $15 billion in foreign investment during …