Business

ISLAMABAD — In a massive tech-driven shift to modernize the capital markets, Finance Minister Muhammad Aurangzeb has chaired a high-level meeting to review the tokenization of sovereign bonds and Naya Pakistan Certificates (NPCs) via blockchain infrastructure. Partnering with the State Bank of Pakistan (SBP) and the newly formed Pakistan Virtual Assets Regulatory Authority (PVARA), the

In a monumental move for the country’s digital landscape, Google has officially announced the establishment of its first “Cloud Region” in Pakistan. This infrastructure will allow local businesses, government agencies, and start-ups to store and process data within national borders, significantly reducing latency and enhancing security. IT experts believe this move will attract billions in

ISLAMABAD — The Competition Commission of Pakistan (CCP) has given the final green light for the historic merger between PTCL Group (Ufone) and Telenor Pakistan. This creates the country’s largest telecom entity with a combined subscriber base of over 70 million. The merger is set to accelerate the infrastructure rollout for 5G services across Pakistan,

KARACHI — Global electric vehicle giant BYD has finalized a $200 million investment to set up its first assembly plant in Karachi. The Sindh Government has already allotted land near Port Qasim for the facility. This plant will not only provide affordable electric cars and bikes but also offers a permanent solution to high fuel

LAHORE / KARACHI — The wait for 5G in Pakistan is nearing its end. Top mobile operators have successfully completed 5G trials in Karachi, Lahore, and Islamabad. According to the PTA, internet speeds of up to 1.5 Gbps were recorded during these trials. Commercial launch is expected next month, set to transform the experience of