Happenings
Punjab's $70M Connected Punjab Programme Stalled by AI, Data, and Cybersecurity Rules
Punjab's $70 million World Bank-backed Connected Punjab initiative is on hold while authorities navigate mandatory AI, cybersecurity, and data protection frameworks.
Meezan Bank Migrates 7.5 Million Cards to BPC SmartVista Payments Platform
Meezan Bank has successfully migrated 7.5 million active cards and its entire payments business to BPC's SmartVista platform.
Cyber Fraud Drains 2.5% of Pakistan's GDP, Topping Global Loss Rankings
Pakistan loses an estimated 2.5% of its GDP to cyber-enabled financial fraud, leading global loss metrics according to a new IMF and World Bank report.
Pakistan Loses $31.5 Billion Annually Due to Youth Skills Gap and Tech Training Shortage
Pakistan faces an estimated $31.5 billion annual loss in productivity and potential exports due to severe workforce skills shortages.
Finqalab Rolls Out Professional Portfolio Analytics and Mobile MBP for Retail Investors
Pakistani wealthtech platform Finqalab introduces advanced portfolio analytics and mobile market-by-price tools for retail investors.
PTA Tightens Telecom Rules With Immediate SIM Blocks and Deadlines
The Pakistan Telecommunication Authority has enforced strict new verification rules, ordering immediate blocks on fraudulent SIMs and setting ownership deadlines.
USF Deploys Over $1B in Telecom Subsidies to Bridge Pakistan's Digital Divide
Pakistan's Universal Service Fund has committed over $1.054 billion in subsidies across 185 telecom projects, connecting 38.4M rural citizens.
Cashless Pakistan Initiative to Overhaul Metrics for Active Digital Payment Users and Merchants
The government is revising definitions for active digital payment users and merchants to bring accurate data and tax reforms to the Cashless Pakistan initiative.
MoITT Finalizing Regulatory Framework to Enable Satellite Internet in Pakistan
Pakistan is moving closer to a formal satellite internet framework, aiming to expand connectivity into remote areas through new regulatory policies.
HEC and MoFA Digitally Link Systems for Instant Degree Attestation Check
HEC and MoFA have digitally integrated their verification systems to provide instant online attestation checks for Pakistani degree holders abroad.
Pakistan Targets 60% Tower Fiberisation and Satellite Internet Rules
Pakistan is updating satellite internet regulations and setting a strict target to increase mobile tower fiberisation to 60% for 5G readiness.
FBR Sets December Deadline to Roll Out Automated Tax Monitoring Systems Across 18 Sectors
The Federal Board of Revenue is deploying automated tax monitoring systems across 18 major sectors by December 31, 2026.