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We bring you the latest updates from the world of business, technology, and innovation. Stay informed about emerging trends, industry developments, and how our solutions are shaping the future. Explore expert insights and key events driving progress in our sector.
Pakistan’s Technology Exports Surge Despite Challenges
Pakistan’s technology export remittances experienced a remarkable 38.6% increase, reaching $330 million in October 2024 compared to $238 million in October 2023. This growth occurred despite challenges such as internet service slowdowns due to submarine cable faults. The Ministry of IT and Telecommunication, along with the Pakistan Software Export Board (PSEB), has been instrumental in driving international business development and improving the ease of doing business in the tech sector.
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November 18, 2024 -
Technology
Pakistan’s IT Exports Reach Record $348 Million in December 2024 Despite Internet Challenges
Pakistan’s IT sector achieved a historic milestone with exports reaching $348 million in December 2024, marking a 15% year-on-year increase. This growth occurred despite concerns over internet slowdowns and government regulations affecting VPN usage. The surge is attributed to the expansion of Pakistani IT companies’ global client base and favorable policy changes encouraging profit repatriation. However, ongoing internet disruptions pose challenges that could impact future growth.
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January 17, 2025 -
Business
Visa Aims for Tenfold Increase in Digital Payments in Pakistan
Visa has announced a strategic partnership with 1Link, Pakistan’s largest payment service provider, aiming to increase digital payment adoption tenfold over the next three years. With only 60% of the adult population holding bank accounts, this initiative seeks to enhance the digital payment infrastructure, making transactions more accessible and affordable. Plans include expanding point-of-sale terminals and integrating technologies like QR codes and contactless payments, aligning with Pakistan’s broader economic digitization efforts.
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September 11, 2024 -
Finance
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