Zong 4G Pioneers Pakistan’s First Locally Developed Large Language Model
Zong 4G, a leader in digital innovation has developed Pakistan’s first locally created Large Language Model (LLM), a breakthrough in the nation’s telecom sector. As the only telecom operator in Pakistan to have developed an advanced AI-driven model in-house, Zong is set to transform digital interactions and elevate customer service standards, cementing its position as the technological leader in the industry.
Mehfooz
VPN blockage and internet slowdown threaten IT companies with losses and closure
Sajjad Mustafa Syed, Chairman of the Pakistan Software Houses Association (P@SHA) – the apex representative body of the Information Technology industry – has warned that the internet slowdown and blocking of virtual private network (VPN) services will certainly translate into an existential threat as it will result in unrecoverable financial loss, service disruptions, and reputational loss in the export of IT and IT-enabled Services (ITeS). It is pertinent to note that IT industry exports clocked at $3.2 billion in FY-24, he added.
CCP approves 50% acquisition of Total Parco by Gunvor Group
The Competition Commission of Pakistan (CCP) granted approval for the acquisition of 50 percent share-holding in M/s. Total Parco Pakistan Limited (TPPL) by M/s. Aquashore SA, a company operating under Switzerland’s Gunvor Group.
BYD Marks 30th Anniversary with Roll-off of 10 Millionth NEV
BYD, the world’s leading manufacturer of new energy vehicles (NEVs) and power batteries, today marked a historic moment in its 30th-anniversary celebration with the roll-off of its 10-millionth NEV at its Xiaomo Production Base in the Shenzhen-Shanwei Special Cooperation Zone.
ZONG 4G launches special yatra packages for Sikh pilgrims
Sikh pilgrims from across the globe make their way to Pakistan for the sacred Sikh Yatra, Zong 4G, is introduced a unique set of connectivity packages designed specifically to serve and connect the Sikh community on their holy journey.
Pakistan make trying to improve maritime and shipping sector
Federal Minister for Maritime Affairs, Qaiser Ahmed Sheikh, has said that Pakistan’s ports have been significantly improved, and many companies have signed Memorandums of Understanding (MoUs) to invest in Pakistan’s industry.
PIA Bid from Blue World Rejected by Cabinet’s Privatization Committee
The Cabinet Committee on Privatization (CCOP) rejected the bid of Rs.10 billion submitted by the Blue World City for the divestment of 60% shares of the Pakistan International Airlines, accepting the recommendations of the Privatization Commission Board.
SECP achieves milestone with 2,477 new Company Registrations in October 2024
The Securities and Exchange Commission of Pakistan (SECP) registered 2,477 new companies in October 2024. This brings the total number of companies registered in the country to 233,587, reflecting growing confidence in Pakistan’s corporate sector and its continued expansion.
Comprehensive evaluation of 2024 Maritime Shipping Policy draft at Workshop
The Ministry of Maritime Affairs organized a workshop in order to refurbished the draft of ‘Pakistan Shipping Policy 2024’ as per the directions of Federal Minister Qaiser Ahmed Shaikh. The aim of this workshop is to refine the draft before being presented in cabinet.
Abhi & TPL Corp receive approval to acquire FINCA Microfinance Bank
The strategic alliance between Abhi and TPL Corp aims to reshape financial inclusion efforts across Pakistan by combining FINCA’s extensive microfinance network and expertise with Abhi’s innovative digital solutions and TPL Corp’s presence in retail, insurance and technology sectors.