Meta unveils AI assistant, Facebook-streaming glasses
META Platforms chief executive Mark Zuckerberg rolled out new AI products for consumers, including bots that create photo-realistic images and smart glasses that answer questions, as well as an updated virtual-reality headset. Zuckerberg described the products as bringing together virtual and real worlds, and underscored that part of what Meta offered was low cost or free AI that…
Adil Aziz
Digital transactions sustained its growth during the fiscal year 2022-23
Annual Payment Systems Review for the fiscal year 2022-23 is released by the State Bank of Pakistan. The review presents growth and trends in banking transactions accompanied by the usage of payment systems’ infrastructure and instruments in the country. Digital transactions continued its growth trajectory owing to the increased consumers’ preference for digital channels of…
PTCL Group collaborates with ConnectHear to conduct sign language training
Pakistan’s largest telecommunication operator, PTCL Group (PTCL & Ufone 4G) collaborated with ConnectHear, a social enterprise working to empower persons with hearing impairment, to organize a sign language training session for its Customer Service Center (Joint Shops) representatives from the North region. Coinciding with the International Day of Sign Languages, the training aimed to promote…
FAO enhance assistance in capacity building of Pakistani experts in the field of agriculture, livestock
Caretaker Minister for National Food Security and Research Dr Kausar Abdulla Malik sought support from Food and Agriculture Organization to enhance assistance in capacity building of Pakistani experts in the field of agriculture, livestock, and fisheries. Ms Florence Rolle, a Representative of the Food and Agriculture Organization (FAO) in Pakistan called on Dr. Kausar Abdulla…
SECP issues standardized constitutive documents for registration of Private Funds
The Securities and Exchange Commission of Pakistan has issued standardized formats of documents, along with step-by-step guidance, for the registration of private fund as a notified entity. The standardized documentation, available at SECP’s website in editable formats, will promote consistency, encourage harmonized disclosures, and reduce the turnaround time required for the registration of a private…
USAID-ERDA empower women entrepreneurs
An effort to uplift women-led businesses and start-ups in Khyber Pakhtunkhwa and its Newly Merged Districts (NMDs), USAID’s Economic Recovery and Development Activity (USAID-ERDA) organized a two-day “Training on Business Proposal Writing” for women entrepreneurs and startups. This initiative aims to address the increasing access to finance challenges and gender gaps faced by women entrepreneurs…
Indonesia bans e-commerce transactions on social media
INDONESIA has banned e-commerce transactions on social media platforms, the trade minister said on Wednesday (Sep 27), citing a new regulation. The government says the move is aimed at protecting offline merchants and marketplaces in South-east Asia’s biggest economy, adding that predatory pricing on social media platforms is threatening small and medium-sized enterprises. Trade Minister…
KT Bank receives SBP approval to introduce digital banking services in Pakistan
KT Bank, an under formation digital bank has received In-Principle approval from the State Bank of Pakistan in a ceremony recently organized by SBP. The approval was handed over by Mr. Jameel Ahmad, Governor SBP in an elegant ceremony organized at the SBP Museum. Deputy Governor, Dr. Inayat Hussain and Executive Director SBP, Mr. Akhtar…
Pakistan, Germany sign convention for eliminating double taxation
Federal Board of Revenue has initiated re-negotiations on the agreement for the eliminating double taxation with respect to taxes on income and the prevention of Tax Evasion and Avoidance between Pakistan and Germany. In this connection, tax delegations of both the countries met here for the first round of negotiations from September 18. The first…
SECP amends AML/CFT) Regulations, 2020
The Securities and Exchange Commission of Pakistan has introduced important amendments to the Anti-Money Laundering and Countering Financing of Terrorism (AML/CFT) Regulations, 2020. The notified amendments aim to enhance the scope of regulations to effectively combat financial crimes, control money laundering, and combat the financing of terrorism (CFT) while ensuring the integrity of its financial…