Day: November 7, 2014

Pakistans thriving technology sector is full of potential, needs to be tapped

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article image STAFF REPORT ISB: With a large youth population in Pakistan, innovation and entrepreneurship have emerged as viable means of dealing with the problems like political instability and week law and order. However, a field does not have to be completely novel itself for innovation to take place. By that same token, an idea can be born and take root anywhere and at any time and the country is filled with this spirit. Close observation shows that the country has emerged as a thriving…Read More

ECC reviews proposal for exemption on ING import

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article image STAFF REPORT ISB: The Economic Coordination Committee of the Cabinet (ECC) here has considered the proposal for exempting LNG import from Gas Infrastructure Development Cess (GIDC) and GST. The proposal was submitted by the Ministry of Petroleum and Natural Resources for exempting LNG import from GIDC and GST. Federal Minister for Finance Senator, Muhammad Ishaq Dar chaired the meeting of the ECC in Islamabad at the Prime Minister’s Office. The chair after deliberations accorded…Read More

Anusha highlights IT potential for investments

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article image STAFF REPORT ISB: There exists a huge potential for investment and profitable business ventures in telecom sector in Pakistan and foreign investors can take advantage of these opportunities, Minister of State for ITandT Anusha Rehman said. "Investment can be made in manufacturing of 3G/4G compatible mobile handsets in wake of new opportunities created after launch of advanced telecom services," said the minister while addressing a recently held two-day conference.She…Read More

WB backs out of Thar coal project over pollution issue

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article image STAFF REPORT KHI: The World Bank has pledged to finance a $30 million project relating to Thar coal but later withdrew its support citing a policy change’ as the reason, said Sindh Law and Parliamentary Affairs Minister Dr Sikander Mandhro told the assembly. He said this while responding to questions regarding the energy department during the assembly session. Dr Mandhro said that the World Bank had changed its policy because of environmental concerns relating to pollution…Read More

Pakistan to have solar-powered vehicle in near future

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article image STAFF REPORT ISB: Pakistan, badly hit by energy crisis, would be having a solar-powered vehicles in near future as the Pakistan Standards and Quality Control Authority (PSQCA) has approved the technology and standards of a solar power driven vehicle prototype. The vehicle, produced by the Ageco company has introduced a solar-powered prototype car which is doorless and has apparently no beauty in looks. According to an official close to this development disclosed this scribe that…Read More

Wind industry takes next step forward with GE

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article image STAFF REPORT KHI: GE Wind Turbines GE has announced to provide 33 wind turbines to the Sapphire Wind Power farm in the southeastern Pakistani province of Sindh, located just outside the provincial capital of Karachi. The move marks GE’s first wind order in the country, and takes Pakistan another step towards its own renewable energy goals. Pakistan is not a name that often appears in the renewable energy news hedalines, but the country is not without its own clean energy industry…Read More

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Experts stress highly skilled force for progress

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article image STAFF REPORT LHR: Professionals at an event stressed the need for building highly skilled and tech-savvy work force in line with the world’s fast transition to technology to improve productivity efficiently and effectively. "Through intelligent software and internet technology, we will see tremendous increase in productivity in energy, transport and medical care sectors, and customisation of mass production through 3D printing," said software engineer Saad Bin Tahir. He…Read More

VU signs MoU with Sargodha varsity for quality education

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STAFF REPORT LHR: The Virtual University of Pakistan and University of Sargodha (UOS) have signed a Memorandum of Understanding (MoU) in order to ensure quality education. Through this MoU, the two institutions will offer joint degree programmes in the field of education and research while students of UOS would get quality education by the modern means of communication, says a press release issued here. The Virtual University of Pakistan will provide its international quality academic…Read More

China felicitates Pakistan for becoming ITU member

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STAFF REPORT ISB: China Mobile Pakistan (CMPak), Pakistan’s first and only 4G mobile service and subsidiary of China Mobile Communications Corporation, has congratulated Pakistan particularly Anusha Rehman, Minister of State for IT and Telecom, and Dr. Syed Ismail Shah, Chairman, PTA, upon winning a seat in the International Telecommunication Union’s (ITU) Council. The electoral procedure to select the 48 members for the ITU Council has recently taken place at the 19th ITU…Read More

SAARC ministers chart common agenda for education

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STAFF REPORT ISB: Education Ministers of the South Asian Association for Regional Cooperation have issued a joint statement in New Delhi titled The New Delhi Declaration on Education’ with the resolve to ensure increased use of information technology. The Education Ministers and officials of eight South Asian countries have resolved to collaborate on increased use of information technology and improving the quality of education.The second meeting of Education Ministers of SAARC held in…Read More