ISLAMABAD, May 22, 2024 — Pakistan is set to enhance its technological infrastructure with the establishment of 10 new Software Technology Parks across the country by next year.
(more…)Tag: Information Technology
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Pakistan Achieves Record High in IT Exports for December 2023
Karachi, January 17, 2024 – Pakistan has witnessed a monthly record high in Information Technology (IT) exports in December 2023, reaching $303 million.
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Pakistan Lifts Restrictions on Foreign Payments by Information Technology Sector
Karachi, October 23, 2023 – In a significant move aimed at boosting the country’s information technology sector, Pakistan announced the removal of restrictions on foreign payments made by the IT industry.
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MediaTek Collaborates with Meta’s Llama 2 to Advance On-Device Generative AI Technology
Karachi, August 24, 2023 – MediaTek, a global leader in fabless semiconductor technology, has announced a strategic partnership with Meta’s Llama 2, the next-generation open-source Large Language Model (LLM).
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NdcTech wins best sales partner award
NdcTech, a global IT and consulting company providing transformational services for the banking sector and a long-standing partner of Temenos has recently won the Best Sales Partner Award at Temenos MEA Annual Sales and Partner Summit 2022 owing to its exceptional sales capabilities.
The best sales partner award recognizes NdcTech’s strong footprint in the MEA region and ability to penetrate into new markets and geographies while providing value-added services to Banks & Financial institutions in the region.
On this occasion, Ammara Masood, CEO, NdcTech said: “We are thrilled to be recognized as the best sales partner among other regional and global partners of Temenos. Together with Temenos, we have been able to create value for our clients and successfully transform the banking sector around the world. We aim to foster this partnership and capture new markets to become the best sales partner of Temenos across the globe.”
This year, NdcTech participated as the bronze sponsor in the Temenos MEA Annual Sales & Partner Summit which brought all partners of Temenos under one roof and provided networking opportunities to all delegates. Our experts met with the senior management of Temenos and showcased NdcTech’s unmatched offerings for the banking sector. NdcTech now plans to expand its avenues with the wide recognition it has garnered in the market by winning the Best Sales Partner Award.
NdcTech is currently serving over 115 clients in the Middle East, Africa, & APAC region.
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Pakistani fintech enables individuals to donate flood victims
KARACHI: ABHI, a Pakistani fintech company, along with its clients, employees, users, and investors is channeling donations using its robust platform to support the bigger cause by partnering up with leading NGOs like JDC, Al-Khidmat, and Saylani who are at the forefront and are actively providing relief to flood victims on the ground.
For the first time ever in Pakistan, employed individuals who are ABHI users can empower families that have been affected by floods, by donating from their earned but unpaid salary directly from the mobile app within 30 seconds through ABHI Dost – this feature enables them to transfer the donation money directly to JDC, Al-Khidmat, or Saylani’s bank account.
In this time of urgent need, ABHI is determined to give its generous support to afflicted families and communities as they struggle to sustain themselves and rebuild their lives. With the help of the gathered donations, our partner NGOs will provide emergency support like shelter, household supplies, and food items to the ones in need.
ABHI is here to support its fellow Pakistani brothers and sisters in these tough times. Donate, to financially empower people nationwide.
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NdcTech becomes certified Temenos partner
NdcTech has announced to become a certified development partner of Temenos. NdcTech is a leading IT consulting company providing digital transformational services for banks and financial institutions across the globe.
A statement issued on Tuesday said that this accreditation distinguishes NdcTech’s engineering capabilities while carrying out digital transformations.
The company’s extensive expertise on the Temenos product stack and in-depth knowledge of modern frameworks and development methodologies demonstrate its proficiency and skills.
This certification enables NdcTech to deploy modern technology best practices and development frameworks that are accredited by Temenos to build effective enterprise software development processes and solutions.
Through this certification, NdcTech will carry out customizations for bank-specific and country-specific regulatory requirements on top of Temenos open platform for composable banking.
The company will now be able to develop solutions for banks and financial institutions keeping in view regulatory requirements and evolving customer demands.
On this achievement, Ammara Masood, CEO & President of NdcTech said: “We are delighted to be certified by Temenos as a Development Partner. This certification will allow us to rapidly build innovative and country-specific solutions on the Temenos platform, paving the way for building banks of the future.”
It is pertinent to mention here that NdcTech is a certified and award-winning partner of Temenos and has successfully transformed the Core and Digital banking platforms of more than 110 Banks across the globe.
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Hysab Kytab signed partnership with Winikon
KARACHI: Hysab Kytab – a leading FinTech that offers a suite of financial management solutions has signed partnership with Winikon – IT services company specialized in the banking business to enhance the banking experience of customers.
This collaboration will help in providing individual-level personalized financial management products and services to banking customers.
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The partnership between Winikon and Hysab Kytab will facilitate banking customers to manage their finances more efficiently and securely.
It will improve the banking experience, and better money management and help the customers proactively manage their finances.
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CEO at Winikon, Viktor Weininger said ’’Winikon is serving Temenos Transact clients backed up with 15+ years of experience in Temenos ecosystem. PFM is a key element of digital transformation as mobile is the most essential touchpoint with banking clients nowadays. I’m delighted to onboard Hysab Kytab as our partner. Through our partnership with Hysab Kytab, we are offering a best-of-breed, innovative PFM solution integrated with Transact”
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Head of Hysab Kytab, Yasir Ilyas said “Hysab Kytab’s PFM is available at Temenos Exchange (Temenos Marketplace) as pre-integrated with Infinity and Transact for global customers. As a product company our expansion/scale strategy demands finding well reputed partners that have track record of successful projects. This partnership with Winikon is key for our scale strategy and I look forward to creating success together with Winikon”
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Monetary penalty up to Rs25 million recommended for unlawful personal data processing
ISLAMABAD: The Ministry of Information Technology and Telecommunication (MoITT) has proposed a monetary penalty of up to Rs25 million for unlawful processing of personal data under the Personal Data Protection Bill, 2020. This significant step aims to safeguard individuals’ privacy and ensure compliance with data protection standards.
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Pakistan, China agree on duty free access to 313 tariff lines
ISLAMABAD: Pakistan and China have signed second phase of Free Trade Agreement (FTA) under which both the countries have agreed allowing duty free access to 313 tariff lines.
Prime Minister Imran Khan and Chinese Premier Li Keqiang witnessed the signing ceremony at a meeting on the conclusion of the 2nd Belt and Road Forum (BRF) in Beijing, a statement said on Sunday.
Officials at the ministry of commerce said that China had agreed to grant Pakistan duty free access same as give to ASEAN countries. They said that Pakistan and China had agreed on giving duty free access to around 75 percent tariff lines.
The officials said that Pakistan would get duty free access to 313 tariff lines. This relaxation would help Pakistan to improve exports to China by $6.5 billion during next five years.
They said that Pakistan would able to export duty free goods including textile, leather, agriculture, chemical, engineering, plastic, furniture etc.
According to the commerce ministry protection to local industry was given priority in signing the free trade agreement. It is also agreed to put 1,700 tariff lines from China on sensitive list.
The officials said that China imports around $40 billion annually those items from various countries, which Pakistan export to China. The agreement would help 90 percent Pakistani products accessing Chinese markets.
Abdul Razak Dawood, Adviser to Prime Minister on Commerce, who is also in China, said that around 400 Chinese investors attended Pak-China Business Forum and they had shown interest to enter Pakistani market.
He said that Pakistan and China had signed free trade agreement. Besides this agreement both the countries also signed 16 Memorandum of Understandings (MoUs) including agriculture, Information Technology, Chemical etc.
He said that the free trade agreement would attract investors into Pakistan. Further Pakistan will get same benefits under free trade agreement what ASEAN countries are availing.