Category: IT & Telecom

Explore IT and Telecom stories with Pakistan Revenue, your go-to source for the latest updates on Pakistan’s technology and telecom sector. Stay ahead with real-time industry insights and economic developments.

  • WhatsApp launches new features for photos, videos

    WhatsApp launches new features for photos, videos

    KARACHI: WhatsApp has introduced new features including View Once photos and videos that disappear from the chat after they have been opened. These features will give users even more control over their privacy, a statement issued said on Wednesday.

    For example, you might send a View Once photo of some new clothes you’re trying on at a store, a quick reaction to a moment in time, or something sensitive like a Wi-Fi password.

    As with all the personal messages you send on WhatsApp, View Once media is protected by end-to-end encryption so WhatsApp cannot see them. They will also be clearly marked with a new “one-time” icon.

    After the media has been viewed, the message will appear as “opened” to avoid any confusion about what was happening in the chat at the time.

    While taking photos or videos on our phones has become such a big part of our lives, not everything we share needs to become a permanent digital record. On many phones, simply taking a photo means it will take up space in your camera roll forever.

  • Telecard Limited becomes Shariah compliant company

    Telecard Limited becomes Shariah compliant company

    KARACHI: Al-Hilal Shariah Advisors (Pvt.) Limited has approved Telecard Limited for qualifying Shariah compliant company, a notification said on Friday.

    It said that Al-Hilal Shariah Advisors (Pvt.) Limited had conducted Shariah Compliance Screening of Telecard Limited based on the financial statements of March 31, 2021.

    “We have thoroughly analyzed the financial statement on the basis of various Shariah screening criteria issued by our Shariah Supervisory Council.”

    In light of the information provided and our evaluation, we found that the company has passed the 4 out of 5 shariah screening filter while 1 filter i.e. Illiquid  Assets to Total Assets ratio is slightly below the desired threshold level, it said.

    The Shariah Supervisory Council of Al Hilal Shariah Advisors concluded that the issue considerable illiquid assets remain a problem for services sector companies, since they do not have considerable illiquid assets because of their nature of business and Asset light model and this becomes a hurdle for Shariah compliance clearance for such companies.

    In this regard, the Shariah Supervisory Council of Al Hilal Shariah Advisors recommends that the illiquid Assets to Total Assets ratio may not be considered while evaluating shariah compliance for such service providing companies given that the company financials meet the other desired criteria.

    As per the above statement, the Shariah Board has approved the company to be Shariah Compliant.

    Hence it is resolved that it is permissible to invest in shares of Telecard Limited.

  • Tax rates on usage of telephone and internet

    Tax rates on usage of telephone and internet

    The Federal Board of Revenue (FBR) collects withholding income tax on telephone and internet usage under Section 236 of Income Tax Ordinance, 2001.

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  • Google announces vaccine requirement for its officials

    Google announces vaccine requirement for its officials

    Google is the first big tech company to announce a vaccine requirement for returning to its offices. The decision may push other tech companies to follow with similar moves.

    Google will now require employees who work in its offices to be fully vaccinated and is pushing back its start date for when they need to report back to the office in response to the highly contagious delta variant spreading across the United States and around the world.

    Google made the announcement in a note sent to employees from CEO Sundar Pichai on Wednesday.

    In it, Pichai says the company has seen high vaccination rates for Google employees so far and that is why it is comfortable in bringing workers back into the office.

    Currently, there are some early volunteers who are already working at various Google campuses.

    “For those of you with special circumstances, we will soon be sharing expanded temporary work options that will allow you to apply to work from home through the end of 2021,” said Pichai in the note.

    In the spring, Apple, Google, Facebook and Amazon started rolling out their return-to-office plans which largely involved a hybrid approach — three days of work in the office and two at home, starting for most employees in the fall.

    For the most part, wearing masks was not going to be a requirement for vaccinated in-office workers at most companies, and getting vaccines was not mandated. Now the companies’ plans appear to going through another round of revisions.

    Apple was the first company to change its fall 2021 return-to-office date, announcing in July that workers would not be required back until October instead of the previously announced date in September.

  • Xiaomi plans assembly plant in Pakistan

    Xiaomi plans assembly plant in Pakistan

    Xiaomi has planned assembly plant in Pakistan within the next three to four months. This strategic move not only signifies a significant milestone for the tech giant but also carries promising prospects for the Pakistani market.

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  • TikTok blocked in Pakistan due to immoral content

    TikTok blocked in Pakistan due to immoral content

    Islamabad – In a decisive move on Wednesday, the Pakistan Telecommunication Authority (PTA) blocked access to the popular social media application TikTok, citing the platform’s consistent failure to prevent the dissemination of immoral content.

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  • Samsung mobile phones production to start with investment of $15 million in Pakistan

    Samsung mobile phones production to start with investment of $15 million in Pakistan

    KARACHI: Lucky Motor Corporation Limited will start production of Samsung mobile phones with initial investment of $15 million in Pakistan.

    Abdul Razak Dawood, Advisor to Prime Minister for commerce and Investment disclosed this on Saturday.

    “I congratulate Lucky Group on partnering with Samsung Electronics. … to set up a mobile phone assembly plant with an initial investment of $15 million. It will create jobs.”

    He said that this is the result of our mobile manufacturing policy. And a clear vindication of our ‘Make in Pakistan’ initiative.

    The company issued a statement and announced production of Samsung mobile phones.

    The company is manufacturing and assembly of motor vehicles. It is assembling KIA and Peugeot branded motor vehicles.

    The company recently entered into an agreement with Samsung Gulf Electronics Co. FZE (Samsung) for producing Samsung branded Mobile Devices in Pakistan.

  • Lucky Motors signs deal to produce Samsung Mobiles in Pakistan

    Lucky Motors signs deal to produce Samsung Mobiles in Pakistan

    Lucky Motor Corporation Limited (LMC), a subsidiary of Lucky Cement Limited, has announced a strategic move into the electronics market by entering into an agreement with Samsung Gulf Electronics Co. FZE (Samsung) to produce Samsung-branded mobile devices in Pakistan.

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  • Ericsson organizes virtual event for Jazz Pakistan

    Ericsson organizes virtual event for Jazz Pakistan

    Ericsson has organized a dedicated Ericsson Digital Unboxed 2021 Event virtually for Jazz Pakistan. Crafted for Jazz Pakistan, Ericsson’s global and regional experts and thought leaders showcased the latest insights, use cases and technologies tailored to Jazz Pakistan, a statement said on Thursday.

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  • PTCL declares 38% growth in net profit for first half

    PTCL declares 38% growth in net profit for first half

    KARACHI: Pakistan Telecommunication Company Limited (PTCL) on Wednesday announced 38 per cent growth in net profit for the half ended June 30, 2021.

    The telecom company announced Rs3.74 billion as net profit for the period January – June 2021 as compared with Rs2.7 billion in the corresponding half of the last year.

    The company announced 73 paisas as earnings per share for the first half of the year under review as compared with 53 paisas EPS declared in the same half of the last year.

    Revenue of the company increased to Rs38.187 billion for the first half of 2021 as compared with Rs35.33 billion in the same half of the last year.

    The PTCL declared Rs8.69 billion as gross profit for the six months period of the current year as compared with Rs7.32 billion in the same period of the last year.

    Administrative and general expenses of the company increased to Rs3.52 billion as compared with Rs3.16 billion.

    The results have been announced by the Board of Directors of the company in their meeting held on July 14, 2021.