Day: February 14, 2012

3G/4G spectrum auction to be test time for stakeholders

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article image STAFF REPORT IBD: The announcement of Pakistan Telecommunication Authority (PTA) for the 3G licenses auction is a real hard time for the mobile network operators in the country in terms of choosing future strategy as only three licences are available against five companies operating in the country.PTA is expecting 10 to 15 potential investors in the initial bidding process including the existing 5 operators. Another license of 2G and 5 Mhz band width would also be auctioned that earlier…Read More

Internet banking goes up in Pakistan

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article image STAFF REPORT IBD: The use of internet banking has remarkably increased in the country with surging number of customers opted for hassle-free and rapid mode of money transactions through their banks, showing 89 per increase in the service utility with a volume of money grew by 112 per cent in the first quarter of financial year 2011-12."Rs 84.85 billion were transferred through internet banking in Pakistan in Jul-Sep 2011 period, with 1.6 million number of transactions," shows the State…Read More

Science and teck must for development: PSF chief

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article image STAFF REPORT PSH: Chairman, Pakistan Science Foundation (PSF), Dr Manzoor Hussein Soomro, has said that promotion of science and technology is inevitable for the development of any country."Pakistan is an agricultural country and its 70 per cent population is directly and indirectly related to the sector. For the development of the sector the utilisation of modern technology is need of the hour," Dr. Soomro said this while addressing a recently held two-day training workshop on '…Read More

Farmers suffer as gur prices come down

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article image STAFF REPORT IBD: The ban on supply of gur to Afghanistan despite bumper sugarcane crop and the prolonged cold and dry weather have improved the cane supply situation for sugar mills. However, farmers in Khyber PakhtunKhwa remain adversely affected mainly on the price front.Along with fall in price of sugar, the price of gur has also come down to about Rs 8,000-9,000 this season from Rs16,000-17,000 last year."For the first time during this season cane supply has reached 100 per cent…Read More

3G/4G lecences auction to woo big FDI

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article image STAFF REPORT IBD: The auction of four new licences for 3G/4G technology along with remaining privatization amount of PTCL will surly attract one-and-a-half billion foreign direct investment (FDI) by end of the ongoing financial year.The auction,set to be held for 3G/4G licences on March 28-29 separately for spectrum of 800MHz and 1900-2100 MHZ for period of eight and 15 years respectively, with expectation that participation will maximum in numbers by existing and new foreign and local players.…Read More

| 3G4G | auction | Big | FDI | lecences | woo

Vitality of Pak indigenous knowledge aired

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article image STAFF REPORT KHI: Pakistan has a tremendous amount of indigenous knowledge; our country needs to save this knowledge and patent Protection for Research and Development can play vital role in this regard."The basic component of any country’s knowledge system is its indigenous knowledge. It encompasses the skills, experiences and insights of its people, as it is applied to maintain or improve their livelihood," Prof. Dr M Iqbal Choudhary, Director International Centre for Chemical and…Read More

UBL rolls out tele transaction service

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article image STAFF REPORT KHI: UBL Funds Manager has announced the launch of its latest value added service for its clients UBL Funds Tele-Transact’. This service will allow our clients to place transactions in their account by simply calling the company’s toll-free number. The bank offers similar services under the ambit of Phone Banking’. "This service is in line with the company’s objective to make the investment experience as convenient for clients as possible," CEO, Mir M. Ali…Read More

Pak military to make h and held tablets

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article image STAFF REPORT IBD: The Pakistan Military is reportedly in process of developing a handheld tablet, a market dominated by the likes of Apple, Amazon and Samsung.According to sources, the Pakistan Aeronautical Complex (PAC) Kamra has started a new commercial venture with a Chinese company to manufacture smart tablets to strengthen the national economy.It is said that venture may produce several products starting with a computing tablet, a notebook and an eBook reader.Details suggest that products…Read More

Wateen Telecom tops PTAs QoS survey on broadb and

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article image STAFF REPORT IBD: Wateen Telecom has been ranked the number one wireless broadband service provider in Pakistan.In pursuance of the PTA’s role to safeguard of consumer interests and growth of quality broadband services, the regulatory authority carried out the second nationwide Broadband Quality of Service (QoS) Survey of all wireless and wireline service providers throughout the country.Wateen Telecom, with its vision of enabling every man, woman and child in Pakistan through cutting edge…Read More

LUMS professor awarded Abdus Salam Prize

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article image STAFF REPORT KHI: Dr. Amer Iqbal, Associate Professor, LUMS Department of Physics, has been awarded the "Abdus Salam Prize for Achievements in Science for Young Pakistani Scientists for Physics 2009".Dr. Iqbal has been cited for his ground-breaking contributions to super string theory and its relationship with super symmetry and gauge theories. String theory is an active area of research, the objective of which is to combine the apparently disparate realms of general relativity and…Read More