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Pakistan IT sector

Govt set to launch National Digital Commission to drive digitization: Shaza Fatima

Talks with satellite internet service provider in advanced stages, says IT minister

Updated 16 Dec, 2024 04:37pm

Technology

Out of 2.32mn freelancers, only 38,000 hold bank accounts in Pakistan, PM Committee told

In a startling development, it was disclosed during a high-level meeting of the Prime Minister’s Committee on IT...

Updated 13 Dec, 2024 09:57pm

Technology

PTA enables VPN registration for freelancers via mobile numbers

In a bid to facilitate the IT sector, the Pakistan Telecommunication Authority (PTA) has allowed freelancers to...

Updated 07 Dec, 2024 07:46pm

Technology

‘Digital community struggling to maintain their livelihoods’

ISLAMABAD: Five months into widespread internet disruptions, Pakistan’s digital community remains trapped in a web...

Published 29 Nov, 2024 07:07am

Editorials

The high price of digital clampdowns

EDITORIAL: Last week saw the State Minister for Information Technology Shaza Fatima presenting a detailed five-year...

Published 29 Nov, 2024 06:03am

Technology

$25bn IT export target: PM presented comprehensive plan

Prime Minister Shehbaz Sharif was presented with a comprehensive plan to boost Pakistan’s IT exports to $25 billion...

Updated 22 Nov, 2024 10:50pm

Technology

Pakistan’s IT minister Shaza Fatima defends internet restrictions, says security comes first

Amid rising concerns over the ongoing slowdown of internet services in Pakistan, Minister of State for IT and...

Updated 21 Nov, 2024 10:12pm

Business & Finance

VPN blockage puts IT sector at risk: P@SHA

KARACHI: The Pakistan Software Houses Association (P@SHA) has warned that the ongoing internet slowdown and the...

Published 20 Nov, 2024 08:00am

Technology

UAE visa rejections, hosting GITEX in Pakistan: ambassador Faisal Tirmizi breaks it down

DUBAI: Ambassador to the UAE Faisal Niaz Tirmizi did not mince words as he acknowledged the recent ‘visa situation’...

Updated 21 Oct, 2024 01:26pm

Technology

Gitex Global 2024 begins as Dubai highlights push to diversify economy

DUBAI: The 44th edition of GITEX GLOBAL 2024 — one of the world’s largest technology and startup events — commenced...

Updated 15 Oct, 2024 01:46pm

Business & Finance

Pakistan’s IT sector is keen to show off potential at GITEX Global 2024 in Dubai

DUBAI: Fresh off record exports in the previous fiscal year, Pakistan’s tech sector is gearing up to make the most...

Updated 11 Oct, 2024 07:44am

Technology

Mari Petroleum begins data centre initiative in Karachi

Mari Petroleum Company Limited (MARI), one of Pakistan’s largest E&P companies, has ramped up efforts to...

Updated 25 Sep, 2024 10:54pm

Islamabad IT Park to help achieve $25bn IT export goal: PM

ISLAMABAD: Prime Minister Shehbaz Sharif has stated that Islamabad information technology (IT) park will prove to be...

Updated 20 Aug, 2024 09:33am

Technology

Chakwal Spinning to set up data centre, cloud operations in Pakistan

The management of Chakwal Spinning Mills Limited (CLOUD) has signed the term sheet for investment of Rs7.784 billion...

Updated 19 Aug, 2024 04:37pm

Business & Finance

Systems Ltd hosts British HC

LAHORE: Systems Limited, Pakistan’s leading provider of IT and IT-Enabled Services in Pakistan, had the distinct...

Published 11 Jul, 2024 07:19am

Pakistan

Govt announces 3% incentive for local handset manufacturers: Dr Saif

Looks to enhance production of high-end phones in Pakistan

Updated 29 Jan, 2024 10:57pm

Technology

Y Combinator-backed Elevate enters Pakistan, aims to resolve freelancers’ payment woes

Offers services alternative to platforms such as Wise and Payoneer

Updated 22 Jan, 2024 10:52pm

Technology

Interim govt to establish 10,000 e-Rozgar centres across Pakistan: Dr Saif

The caretaker government has announced setting up 10,000 ‘e-Rozgar centres’ across the country as it looks to...

Updated 10 Jan, 2024 10:10pm

Pakistan

Caretaker govt formally launches ‘Pakistan Startup Fund’

Will aim to invest up to Rs2bn a year in startups

Updated 09 Jan, 2024 10:26pm

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Dec 20	278.48
USD PKR Interbank Buying / Dec 20	278.28
USD to Japanese Yen / Dec 20	156.31
USD to Swiss Franc / Dec 20	0.89
Pound Sterling to USD / Dec 20	1.26
Euro to USD / Dec 20	1.04

Stock	Volume
S&P 500 / Dec 20	5,930.85
India Sensex / Dec 20	78,041.59
Tokyo Nikkei / Dec 20	38,701.90
Nasdaq / Dec 20	19,572.60
Hang Seng / Dec 20	19,720.70
FTSE 100 / Dec 20	8,084.36
Dow Jones / Dec 20	42,840.26
Germany DAX 30 / Dec 20	19,884.75

Item	Value
Crude Oil USD/Barrel / Dec 20	69.46
Gold 10 Grams PKR / Dec 20	234,311
Gold Spot USD/Ounce / Dec 20	2,622.91
Cotton US¢/pound / Dec 20	68.06
Karachi Cotton PKR/37.32 KG / Dec 21	17,585
Petrol/Litre / Dec 22	252.10

Gainers
Losers
Leaders

Stock	Price
Media Times Ltd / Dec 20 Media Times Limited(MDTL)	2.37 ▲ 0.37 (18.50%)
Pace (Pak) Ltd. / Dec 20 Pace (Pakistan) Limited(PACE)	7.23 ▲ 1.00 (16.05%)
Ist.Capital Sec / Dec 20 First Capital Securities Corporation(FCSC)	2.12 ▲ 0.26 (13.98%)
Khalid Siraj / Dec 20 Khalid Siraj Textile Mills Limited(KSTM)	9.60 ▲ 0.97 (11.24%)
Aruj Industries / Dec 20 Aruj Industries Limited(ARUJ)	9.90 ▲ 0.98 (10.99%)
Escorts Bank / Dec 20 Escorts Investment Bank Limited(ESBL)	4.79 ▲ 0.47 (10.88%)
Cresent Jute / Dec 20 Crescent Jute Products Limited(CJPL)	4.20 ▲ 0.40 (10.53%)
S.G.Power / Dec 20 S.G. Power Limited(SGPL)	11.19 ▲ 1.02 (10.03%)
P.T.C.L. / Dec 20 Pakistan Telecommunication Company Ltd(PTC)	25.80 ▲ 2.35 (10.02%)

Stock	Price
LSE Financial Serv. / Dec 20 LSE Financial Services Limited(LSEFSL)	16.25 ▼ -1.81 (-10.02%)
Dar-es-Salaam / Dec 20 Dar-es-Salaam Textile Mills Limited(DSML)	41.93 ▼ -4.66 (-10.00%)
Maqbool Tex. / Dec 20 Maqbool Textile Mills Limited(MQTM)	31.05 ▼ -3.45 (-10.00%)
Reliance Cotton / Dec 20 Reliance Cotton Spinning Mills Limited(RCML)	621 ▼ -69.00 (-10.00%)
Sanghar Sugar / Dec 20 Sanghar Sugar Mills Limited(SANSM)	27.72 ▼ -3.08 (-10.00%)
Olympia Mills / Dec 20 Olympia Mills Limited(OML)	34.58 ▼ -3.84 (-9.99%)
Nagina Cot. / Dec 20 Nagina Cotton Mills Limited(NAGC)	48.92 ▼ -5.41 (-9.96%)
Oilboy Energy / Dec 20 Oilboy Energy Limited(OBOY)	11.39 ▼ -1.26 (-9.96%)
Arpak Int. / Dec 20 Arpak International Investments Ltd.(ARPAK)	65.22 ▼ -7.19 (-9.93%)

Stock	Volume
WorldCall Telecom / Dec 20 Worldcall Telecom Limited(WTL)	177,645,248 ▲ 0.10
K-Electric Ltd. / Dec 20 K-Electric Limited(KEL)	81,901,542 ▲ 0.16
Cnergyico PK / Dec 20 Cnergyico PK Limited(CNERGY)	68,345,098 ▲ 0.12
Pak Elektron / Dec 20 Pak Elektron Limited(PAEL)	57,974,101 ▲ 1.47
Pak Refinery / Dec 20 Pakistan Refinery Limited(PRL)	45,251,944 ▲ 0.40
Pace (Pak) Ltd. / Dec 20 Pace (Pakistan) Limited(PACE)	43,240,462 ▲ 1.00
Sui South Gas / Dec 20 Sui Southern Gas Company Limited(SSGC)	40,539,001 ▼ -0.74
B.O.Punjab / Dec 20 The Bank of Punjab(BOP)	35,598,669 ▲ 0.24
Symmetry Group / Dec 20 Symmetry Group Limited(SYM)	34,869,613 ▼ -0.72

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