Caretaker Federal Minister for Information Technology and Telecommunications (MoITT), Dr Umar Saif on Tuesday inaugurated the country’s first e-Rozgar Centre in collaboration of Excel Consulting Services. The centre boasts around 100 workstations fully equipped with state-of-the-art facilities tailored for freelancers, with plans to expand to 300 workstations in the future. Additional Secretary
Cabinet members and two telecom operators have opposed the scheme of providing smartphones to the public on easy instalments. The issue was taken up in a meeting of the cabinet held last month by the Ministry of Information Technology & Telecommunication, which proposed to issue a policy directive to encourage Cellular Mobile Operators (CMOs), as well as agencies working under agreement with CM
THE future servicing of external and domestic debts has become a huge undertaking, having crimped our ability to even fund operational expenditures. The reason for this concern is not just because of the enormity of the task, as shown below, but also because the IMF, which continues to consider our debt sustainable, says in its report on the first review that “The overall risk of sovereign stre
The MCB Bank on Tuesday announced that its profit-after-tax (PAT) surged 82 per cent to Rs59.6 billion in 2023, translating into an earnings per share (EPS) of Rs50.32 compared to Rs27.63 in the preceding year. The bank’s board of directors in its meeting under the chairmanship of Mian Mohammad Mansha reviewed the performance and approved the financial statements for the year ended Dec 31, 202
The government raised Rs64 billion through the auction of market treasury bills on Tuesday against the target of Rs480bn. The State Bank of Pakistan reported that the cut-off yields were reduced by up to 15 basis points. The three-month T-bills noted a decline of 6bps to 20.44 per cent. The benchmark six-month tenor noted no change in the cut-off yield while the 12-month paper witnessed a de