Pakistan leapfrogging into new era of tech industry: Masood

Ambassador of Pakistan to the United States Masood Khan has said tech entrepreneurship in Pakistan has taken off and the country is leapfrogging into a new era of tech industry.

Talking during a special session as a key note speaker at San Francisco, United States, he said youth graduating from universities in Pakistan are participating in digitized economy which is giving a new direction to the economy.

Masood Khan said the Government of Pakistan has created enabling environment for the growth of tech and IT sector keeping in view its immense potential.

He said that the country has set up a Special Investment Facilitation Council (SIFC) and IT sector was among its foremost priorities.

He said that the Council is aimed at fast- tracking approvals and registrations, overseeing implementation and catalyze much needed regulatory reforms including ensuring stable payment cycles, protection of intellectual property rights and addressing the issues related to repatriation of funds by foreign investors.

Highlighting the successes in tech and IT sector, he apprised the participants that from a meagre $10 million venture capital funding in 2018 per year, global VCs and other investors were pouring in $1 billion annually in Pakistan now.

He recounted various steps being taken by the Government to facilitate businesses that included moving toward investors’ friendly regulatory regime, E-Wallet facility introduced by State Bank of Pakistan, clear definition of a tech-startup by Securities and Exchange Commission and setting up of Special Technology Zones.

The Ambassador of Pakistan to the United States said the country is steering towards growth after numerous challenges like the pandemic and the devastating floods last year.

He urged foreign investors to keep capitalizing in Pakistan and be a part of the Technology revolution.

Source: Radio Pakistan

SIFC’s investment roadshow begins in UAE

The three-day roadshow for investment organized by Special Investment Facilitation Council in collaboration with the United States Agency for International Development began in the United Arab Emirates today.

The roadshow, which will be attended by investors from the UAE and other countries, will highlight the SIFC's efforts to improve investment climate in Pakistan.

The roadshow will also provide awareness about the valuable resources and investment opportunities available in Pakistan and attract investors in the diverse sectors including minerals, Information Technology, Agriculture and Energy.

It is worth mentioning that the Special Investment Facilitation Council is working to create conducive environment to bring foreign investment in the country.

Source: Radio Pakistan

Air Chief lauds collective resolve of PAF to uphold preparedness in face of evolving security challenges

Chief of the Air Staff Air Chief Marshal Zaheer Ahmed Baber Sidhu has lauded the collective resolve of PAF to uphold the highest standards of professionalism and preparedness in the face of evolving security challenges.

He made the remarks during his visit to PAF Base Mianwali following a foiled terrorist attack.

The Air Chief commended the on-duty security personnel for their unwavering professionalism and bravery in thwarting the malicious attempt and neutralizing the intruders in the minimum possible time.

He also thanked the joint operations team comprising Zarar Company of Pakistan Army and civil LEAs for their timely support to counter the infiltration most optimally.

Source: Radio Pakistan

Two killed, three injured in IED blast in Lakki Marwat

Two people were killed and three others injured when an improvised explosive device went off in Awjagai area of Lakki Marwat on Sunday evening.

According to police, the injured have been shifted to the District Headquarters Hospital Lakki Marwat.

Police have launched a search operation in the area to arrest culprits.

Source: Radio Pakistan

Pakistan advocates right of Palestinians to establish independent, viable state within borders of pre-1967

At the United Nations, Pakistan has advocated the right of Palestinians to establish an independent and viable state within the borders of pre-1967, with Al-Aqsa as its capital.

Pakistan's Permanent Representative to the United Nations in New York Munir Akram during General Assembly's Fourth Committee meeting said first and foremost a ceasefire is required in Gaza.

He said despite the UN General Assembly's overwhelming call for a sustained humanitarian ceasefire, Israel is continuing its brutal air strikes and ground invasion in Gaza.

Ambassador Akram said war crimes and crimes against humanity are being committed by Israel with complete impunity.

He said nine thousand Palestinians have been mercilessly killed in Gaza, and 22000 are injured, mostly women and children.

Munir Akram said Pakistan will continue to provide supplies to besieged Palestinians through Egypt.

Source: Radio Pakistan

Rallies held in Islamabad in solidarity with Palestinians

Protest rallies to express solidarity with oppressed Palestinians were taken out in Islamabad today.

Hundreds of people took part in the rallies and chanted slogans against Israeli continued aggression and atrocities being perpetrated in Gaza.

They also called on international community to play its role and stop genocide of Palestinians.

Source: Radio Pakistan