Connect with us

Pakistan

Pakistan to have 100m smartphones in next two years

Published

on

Pakistanis utilize mobile phone

ISLAMABAD: The advent of the smartphone and wireless technologies in the country during last few years have led to the creation of numerous innovative services and applications that are being used to ensure benefits for different kinds of users.

This is a smartphone through which spreading online information to people regarding education, technologies, agriculture and other domains have become simple and fast and mobile broadband like 3G and 4G are flourishing. 

A relevant piece published earlier: Mobile phones imports have witnessed a phenomenal growth of 19.28 percent in first eleven months (July-May) of 2017-18 as it remained the US $ 759.969 million. During the same period of July-May 2016-17, the imports registered were the US $ 637.14 million. Mobile phone imports in May 2018, valued at $81.362 million, increased by 25.64 percent when compared to US $ 64.76 million imports in May 2017. The Month on Month, the imports have increased by 7.72 percent as compared to US$ 75.53 million in April 2018. As per figures issued by Pakistan Bureau of Statistics (PBS) here Monday, overall telecom imports saw an increase of over 11.77 percent during July-May 2017-18 as compared to same period of last year. Total imports were recorded at the US $ 1.396 billion during this period compared to $1.249 billion in July-May 2016-17. Telecom imports remained US$ 129.835 million in May 2018 and registered 10.39 percent growth, as compared to the US $ 117.613 million during May 2017. The imports of other telecom apparatus also witnessed the growth of over 3.95 percent in July-May 2017-18 as it stood at US$ 636.057 million against US$ 611.872 million during the same period last year. (Published on 26th June 2018)

 

Continue Reading
Advertisement

Pakistan

Flexibility shown in appointing PAC chairman!

Published

on

ISLAMABAD: Speaker National Assembly Asad Qaiser Thursday said the Pakistan Tehreek-e-Insaf government had shown great flexibility for resolving the deadlock regarding the appointment of Public Accounts Committee (PAC) Chairman for the smooth functioning of the parliament.
Talking to a private news channel, he said after the appointment of the PAC chairman the legislation process would restart in the National Assembly and Chairman of Senate standing committees and other committees would be appointed to carry out legislation.
Replying to a question, he said there would be no comprise over the accountability process in the country and the deadlock was resolved on the condition that the accounts of previous government would be monitored by a senior member of the PTI and remaining accounts by the PAC Chairman.
Responding to another question, he said the decision regarding PAC Chairman was taken in consultation with the senior leaders of Pakistan Tehreek-e-Insaf. It was important to continue the legislation process of the National Assembly, he added.

Continue Reading

Education

Govt making efforts to take country out of crisis

Published

on

PTI to bring change

ISLAMABAD: Federal Minister for Education & Professional Training and National History and Literary Heritage Shafqat Mahmood today said PTI government was making efforts to take the country out of crisis and put the national economy back on the path of progress by enhancing its trade and export.
Talking to a private news channel, he said the National Accountability Bureau (NAB) was a completely independent institution and the government has nothing to do with it matters.
He said the corruption cases against leaders of Pakistan Muslim League Nawaz and Pakistan Peoples Party were started in the tenure of their governments adding same NAB law was present during the PML-N government and no change was made in its law.
Replying to a question, regarding accountability, he said the PTI government was in favor of ongoing accountability process for recovering and bringing back the looted money of the poor from abroad.
He further said in the present government everyone was accountable, irrespective of whether he or she belonged to opposition or treasure benches.
Responding to another question, he said the transfer and postings of the bureaucrats were preoperative of the federal government and it was being done to put the right man on a right job for efficient working of the government operations.

Continue Reading

Asia

ADB to provide $7.528 bn to Pakistan

Published

on

ISLAMABAD: The Asian Development Bank (ADB) has planned to support Pakistan with lending of $7.528 billion for various development projects during the next three years.

In its new Country Operations Business Plan (COBP) for Pakistan 2019-21 revealed on Thursday, the ADB has proposed a sovereign lending program for next three years worth $7.528 billion, consisting of $5.37 billion from regular Ordinary Capital Resource (OCR) lending and $2.158 billion from Concessional COR Lending (COL). COL includes a carryover of $600 million from 2018. The non-lending program for 2019–2021 is $21.7 million, including transaction technical assistance for various pipeline projects. An amount of $2.245 billion in ADB loan financing is allocated for the energy sector, which is 29.8 percent of the total pipeline for 2019–2021.  

The pipeline includes a multi-tranche financing facility for Transmission Strengthening (tranche 1) for National Transmission and Dispatch Company (NTDC), Hydropower Development Project for Water and Power Development Authority (WAPDA), and support for the Turkmenistan-Afghanistan-Pakistan-India Gas Pipeline Project. For the transport sector, some $1.394 billion of ADB loan financing for the sector (18.5% of the total pipeline) have been allocated for the transport sector.  The pipeline includes the Sustainable National Highway Project and the Sindh Hyderabad Southern Bypass Project.

ADB also proposes support for the revitalization of Pakistan Railways to improve transport sector sustainability, including exploring non-conventional financing arrangements. For agriculture, natural resources, and rural development, ADB has allocated $794 million in loan financing to the sector (10.6% of the total pipeline).  The pipeline includes the Greater Thal Canal Irrigation Project, the Kurram Tangi Water Resources Project, and the Smaller Cholistan Water Resources Development Project. Similarly, for water and other urban infrastructure and services, the ADB has allocated $470 million in ADB loan financing (6.2% of the total pipeline).  The pipeline includes a cross-sector project readiness facility for Punjab and the Punjab Cities Improvement Project. ADB has also allocated $2.4 billion in loan financing to the finance and public sector management sectors (31.9% of the total pipeline).

The COBP, 2019-2021, includes new projects such as trade and competitiveness program (subprogram 1) in 2019; financial markets development in 2020; infrastructure financing and PPPs in 2021; as well as the second phase of support for the Benazir Income Support Program in 2020. The education and health sectors pipeline includes $225 million in loan financing (3.0% of the total pipeline). ADB’s re-engagement in education and health sectors includes $175 million for projects on secondary education in Sindh and improving workforce readiness and skills development in Punjab, and $50 million projects to improve quality of health care services in Khyber Pakhtunkhwa (KP).

ADB will also provide technical assistance across sectors to help project implementation and to generate and disseminate knowledge products to support policy and project development, as well as to enhance project quality and readiness. Pakistan, a group B developing member country, is eligible for regular OCR lending and concessional OCR lending (COL).  The indicative resources available during 2019–2021 for sovereign operations amount to $5,712 billion, comprising $4.29 billion for regular OCR lending and $1.422 billion for COL. The final allocation will depend on available resources, project readiness, project performance and debt distress rating of the country among others. ADB’s non-sovereign operations will supplement these resources.  ADB will also explore co-financing from other sources and seek financing from the regional pool under concessional resources and regular OCR for regional cooperation and integration.

Continue Reading

News Pakistan Trending