Tue, 21-Oct-2025

PSX closes higher on Pakistan’s likely exclusion from FATF list

Stocks

KARACHI: The Pakistan stock market closed on a higher note on Friday as investors’ confidence improved on the news of expected removal of Pakistan from the Financial Action Task Force (FATF) grey list. An analyst at Arif Habib Limited said that bulls dominated the market throughout the day as Pakistan hopes to come off the … Read more

US networks clear prime-time slots for Capitol attack hearing

Capitol riot

Broadcast TV channels are bumping hit series like “Law & Order” to telecast a congressional hearing. Up to two hours of prime time will be devoted to the hearing. The hearing is expected to begin at 8:00 p.m. Eastern Time on Thursday. Professor Larry Sabato, of the University of Virginia, predicts the hearing will uncover … Read more

In an effort to ‘expose and destroy’ the terrorist network, the US has sanctioned ISIS financial facilitators.

In an effort to “expose and destroy” the network of “violent extremists,” the US sanctioned five persons involved in an ISIS network of money facilitators working throughout Indonesia, Syria, and Turkey on Monday. The Office of Foreign Assets Control (OFAC) of the Department of the Treasury has identified a network of five Islamic State of … Read more

Don’t Look Up, apparently the critics just didn’t look

Don’t Look Up

The world is ending, and nobody cares. Sounds familiar, doesn’t it? Our scientists have been practically shouting about the end of days that our inaction and negligence towards global warming will bring, but the response from the majority (read: right-wing) has been pretty underwhelming. This kind of passive and nonchalant reaction isn’t new, it has … Read more

Sony to launch firm to explore making electric cars

Sony

AS VEGAS: Electronics giant Sony unveiled Tuesday a new prototype of its Vision-S electric vehicle and announced the founding of a company to explore jumping into the rapidly growing market. The Japanese firm, better known for its TVs and video game consoles, will create the Sony Mobility subsidiary in spring 2022 as it weighs entering … Read more

Supernet secures deployment project worth Rs150 million

Supernet

KARACHI: Supernet Limited has secured a telecommunications infrastructure development project from a Pakistani mobile network operator worth over Rs150 million, a statement said on Wednesday. The project includes the supply of optical fibre and associated equipment and its deployment in different areas of Punjab, with the total length of different segments constituting this project is … Read more

PTCL Group marks International Day of persons with disabilities

PTCL

KARACHI: The Pakistan Telecommunication Company Limited Group, PTCL and Ufone, has successfully concluded its flagship “Justuju Internship Programme”, an exclusive development programme for persons with disabilities to mark the International Day of persons with disabilities, falling on December 3, a statement said. The PTCL Group, in collaboration with the Network of Organizations Working with Persons … Read more

Mastercard partners with One Network to digitalise road toll payments

KARACHI: Mastercard has signed a strategic partnership with the Pakistani intelligent transport systems provider, One Network, to digitalise the country’s road toll payments network, an official said. The partnership was signed at the Pakistan Pavilion in Expo 2020 Dubai, where Mastercard is the official payment technology partner, in the presence of Frontier Works Organisation, Pakistan’s … Read more

Facebook denies BTC but accepts Non-Fungible Tokens

Facebook

Facebook is certain “not prepared” to include its stablecoin Diem into the mix so far, as the present structure wants an important upgrading for that. But as a “last resort,” if there’s no alternate method to provide value to customers, they might think through doing that, Marcus stated.

Head of Novi & Diem Co-Creator David Marcus stated “Blockchain is going to be transformational for the metaverse,”

He said,

“But we’re very determined and very motivated to launch with a stablecoin. And on a network that enables us to actually really change the game.”

Marcus also realizes CBDC (central bank digital currencies) arise over time, which will “bring an additional level of trust in the underlying digital currency that people use.” And after that takes place, Facebook will too be using that CBDC.

[embedpost slug=”novi-digital-a-cryptocurrency-wallet-soon-to-be-launch-by-facebook”]

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USF awards Rs555 million contract to Telenor for mobile broadband services

ISLAMABAD: The Universal Service Fund (USF) has awarded a contract worth approximately Rs555 million to Telenor for providing high-speed mobile broadband services in Nowshera, Mardan, Swabi and Charsadda districts of Khyber-Pakhtunkhwa. Federal Minister for Information Technology and Telecommunication Syed Amin Ul Haque and Federal Minister for Defence Pervez Khattak witnessed the contract signing ceremony held … Read more

Pakistan will soon drive towards 5G technology

5G to be launched in Pakistan

Pakistan has become the first country in South East Asia to have tested 5G. Spearheading the digital innovation, a private Chinese telecom company has conducted a successful test of using 5G in Pakistan. 5G will unfold a new digital revolution in the country as the test has put Pakistan on the elite list of countries … Read more