Author: Sohail Shahid

Iyzil is a Pakistan’s first female safety and security app that promises to impact the Pakistani females’ lifestyle when it comes to providing them protection from harassers. As per report, 93% of Pakistani females face some form of violence in their lifetime and eventually making them feel unsafe. And this is where Iyzil will ensure that whether females are safe at home, work, school or college/university, or are they shopping, traveling, in a medical emergency, or being harassed etc. Using this app, Pakistani females will always be Safe and secure. In case of a threat or an incident, a female…

Samsung a well known smart phone producer is reportedly in advanced talks with multifaceted investors for establishing a phone assembly unit in Pakistan. Among the three investors, one entity hails from the South Korean investor pool that prior to this development has already built vehicle assembly units in Pakistan, under the Auto Development Policy 2016-2021 but information about the remaining two entities hasn’t been confirmed as yet. As per inside news, Samsung will be signing an agreement with another Korean company functioning within Pakistan to help them swiftly start local assembly of its smartphones in Pakistan in the last quarter…

The State Bank of Pakistan (SBP) released the progress recorded in Roshan Digital Account (RDA) in the month of June showing “record-high deposits of $310M”. Roshan Digital Account (RDA) progress data showed the accounts opened from 171 countries and accounted for US$ 1.562 billion in deposits so far, stated in a press release by State Bank of Pakistan. The data combined is based on individual reports of RDA participant banks and it is also available to the public through a new web page. This web page will be updated on a monthly basis. This periodic update was also requested by…

In the recent ease of coronavirus-related restrictions, the Sindh government on Friday extended the business timings to 10pm and allowed indoor dining for fully vaccinated people. And as per notification shared by the information cell of the Sindh government it says: Businesses are allowed to remain open till 10pm. Bakeries and dairy shops are allowed to remain open till 12am. Hotels, restaurants and cafes are allowed to resume both indoor and outdoor dining till 12am while maintaining a distance of three feet between customers. Indoor dining is allowed at 50 per cent capacity only for vaccinated people and all hotels,…

The Pakistan Tehreek-e-Insaf government will introduce the National Remittance Loyalty program to facilitate overseas Pakistanis and bring more financial incentives to them. And this unique idea was presented in a meeting led by Prime Minister Imran Khan on Friday due to the increase in foreign remittances,. The loyalty program will be launched in cooperation with different departments, including PIA, FBR, NADRA, State Life, OPF and Employees Old-Age Benefit Fund. Besides, the Roshan Apna Ghar Scheme will also be launched very soon for overseas Pakistanis along with a special mobile application. Last but not the least, to attract maximum remittances, Imran…

The Pakistani Rupee (PKR) posted losses against the US Dollar (USD) in the interbank currency market on the first trading day of the new fiscal year (2 July) after posting an improvement on the last trading day of the previous fiscal year (30 June).  In the ending fiscal year (FY2021), the PKR had improved by Rs. 10.51 or 6.25 percent against the USD. PKR lost 32.85 paisas against the US Dollar today. According to the financial analytics firm Capital Stake, the PKR has improved by 6.25 percent against the USD year-to-date during FY2021.  On a day comparison, on the first…

Pakistan’s exports to the United Kingdom increased by 33 percent to $2.025 billion during FY2021 as compared to $1.526 billion during FY2020, as announced by the Adviser to the Prime Minister on Commerce, Abdul Razak Dawood, on Friday. He tweeted that this shows an increase of $499 million, and wrote, “The UK is a very important trading partner & is the first time that our exports have crossed $2 billion mark”. The MOC is pleased to inform that our exports to the United Kingdom increased by 33% to $2.025 billion during FY’21 as compared to $ 1.526 billion during FY’20,…

Pakistan’s export target of goods and services for the financial year 2022 has been set at $35 billion in consideration of the current growth of the exports of various sectors, including the two high-performing areas — Textile and Information Technology.  This was stated by the Advisor to the Prime Minister on Commerce, Abdul Razak Dawood, during an exclusive talk with a delegation of the Council of Economic and Energy Journalists (CEEJ) at a local hotel. The share of the textile sectors will be projected to increase to $20 billion in the next financial year as compared to exports of the…

A few years ago, the top career choice for most young graduates from top universities was joining a well-established MNC. Banks, FMCGs, and oil & gas companies would hoover up talent from universities across Pakistan. Today, things are different. The young talent of today does not feel quite the same way, and the stronghold that MNCs had over the professional aspirations of fresh grads is now beginning to loosen. Gen Z graduates today are not looking to become cogs in the wheel but instead wanting to be the drivers of change. Startups hand over the wheel to them to steer…

The World Bank’s Board of Executive Directors recently approved $800 million in financing for two programs in Pakistan – the Pakistan Program for Affordable and Clean Energy, and the Second Securing Human Investments to Foster Transformation. The Pakistan Program for Affordable and Clean Energy (PACE) is worth $400 million and focuses on measures to improve the financial viability of the power sector and support Pakistan’s transition to low-carbon energy. The PACE prioritizes actions needed to initiate critical power sector reforms focused on the reduction of power generation costs, better targeting of subsidies and tariffs for consumers, and the improvement of…