July-August 2024: Pakistan’s IT services exports reach $584 Million
Pakistan earned US $584.566 million by exporting different Information Technology (IT) services in various countries during the first two months of the current fiscal year 2024-25.
Mehfooz
Spotify Record-Breaking Coldplay Now Stars on FC Barcelona Jerseys
Spotify is once again bringing together record-breaking legends from the worlds of music and football, through its first-of-its-kind partnership with FC Barcelona.
Agricultural sector Growth Spurs Pakistan’s Economic Recovery: SBP Report
The real GDP registered a moderate agriculture-led recovery in FY24. A record harvest of wheat and rice, and a rebound in the production of cotton mainly provided boost to agricultural output during FY24.
Pakistan first Sustainability Summit & Awards event
Devcom-Pakistan (Development Communications Network), the Pakistan Environmental Protection Agency (Pak-EPA) of the Ministry of Climate Change and Environmental Coordination, and Nustainable (the NUST office of sustainability), have joined forces to organize the first-ever “Pakistan Sustainability Summit and Awards”, the event will take place on Thursday, October 24.
Jubilee Life Insurance Signs on to Sponsor the Next Three Pakistan Insurtech Summits
Jubilee Life Insurance, Pakistan’s largest private insurer, recently signed an MOU with the Pakistan Fintech Network (PFN) for sponsorship of the upcoming Pakistan Insurtech Summits in 2024, 2025, and 2026.
PTCL Group reports 15% YoY revenue growth
PTCL Group’s revenue has increased by 15.3% YoY to Rs.160.6 billion, mainly driven by strong performance in the consumer segment led by fixed broadband, mobile data, and wholesale & Business Solutions.
Significant Rise in Pakistan’s Liquid Foreign Reserves to $16 Billion
The total liquid foreign reserves of Pakistan surged to cross US$ 16 billion as of October 04, 2024 while the forex reserves held by the State Bank of Pakistan increased to $ 10,808 million.
Hexalyze shines at Singapore Tech Week for the first time
Hexalyze, one of the IT exporting Pakistani companies, is participating in Singapore Tech Week for the first time under the banner of “Tech Destination Pakistan.
PTCL launches Pakistan’s First 800G Wavelength Division Multiplexing System
PTCL Group, has achieved a major milestone by successfully launching the country’s first 800 Gbps per wavelength Super C+L Wavelength Division Multiplexing (WDM) system. This advanced technology enables a data transmission capacity of 64 Tbps per fiber, with the potential to reach up to 96 Tbps, marking a significant step forward for Pakistan’s digital infrastructure.
Number of cellular subscribers reaches 193 Million
The number of cellular subscribers in Pakistan reached 193 million, with a mobile tele-density of 79.41 percent, by the end of August 2024, according to data from the Pakistan Telecommunication Authority (PTA).