This is no mystery that a website with Pakistani traffic earns in pennies as compared to hundreds of dollars for website with US or western traffic. When compared the numbers of visitors and revenues for several Pakistan targeted websites and similarly the ones with US traffic (can’t reveal the names, owners asked for anonymity), we came to a conclusion...
Forbes today released a list of the top billionaires in the world, where Bill Gates lost his crown to Mexican telecom tycoon, Carlos Slim. There is a good news that Business Tycoon Mian Mohammad Mansha has made his slot in Forbes billionaire list, first Pakistani to achieve the glory. Mansha’s Nishat Group is Pakistan’s largest exporter of cotton...
As we mentioned earlier today, Telenor has launched Easy Paisa Mobile Accounts. Curtain raiser is on the roll in Karachi right now – meanwhile, we got hold of this early product information that we are sharing with you. By definition, Easy Paisa Mobile account is similar to a bank account that you can manage through your cell phone. Or let’s put...
We have mentioned before that Telenor’s Easy Paisa’s earlier products, i.e. bill payments and money transfer through EP outlets, were just the beginning. Further products in pipeline were pretty evident, which we had expected to surface with time. Telenor says they were able to do as many as 420,000 bill payment transactions and about 120,000 Money...
The electronic payments continued to show a rising trend as both the number and value of such transactions increased in the second quarter (Oct-December) of the current 2009-10 fiscal year (FY10). According to State Bank’s Second Quarterly Report on Retail E-Payments and Paper Based Instruments released on Friday, the volume and value of E-Payments...
Silkbank Limited has selected Oracle Database to modernize its banking operations. Silkbank Limited, formerly known as Saudi Pak Commercial Bank Limited, has selected robust, flexible and scalable Oracle Database platform to modernize its IT architecture to improve its banking applications and operations, business efficiencies and customer service. “Our...
National Bank of Pakistan in collaboration with four other major commercial banks in Pakistan is offering interest free loans for students. These interest free loans are aimed at helping students who need financial assistance to continue their education. Loans are provided to students enrolled in the disciplines of scientific, technical or professional...
These days Mobile Commerce is probably the hottest trend in Pakistan’s telecom market. We know that Mobilink had sensed the potential in mobile banking/branch less banking, pretty early, however company took its time in executing the idea. News it that Mobilink is set ready to launch Mobile Commerce, under which it would introduce the concept of Branchless...
In the wake of emerging mobile technologies, the spread of mobile phones across Pakistan presents a remarkable potential for m- banking/ m- payments for financial providers as well as mobile operators. With the influx of alternate delivery channels (ADCs) in the banking sector, mobile banking has undoubtedly become the most popular trend in the buzzing...
Pakistan Telecommunication Authority (PTA) is closely working with State Bank of Pakistan (SBP) on the draft of “Third Party Mobile Banking Regulations” which will be finalized soon. Once finalized, it will connect all banks of the country with cellular mobile operators for mobile transactions. It was said by Chairman PTA, Dr. Mohammed Yaseen while...
The federal government from next budget would remove the general sales tax (GST) under Central Excise Mode (CEM) on banking, telecommunication, insurance etc, as the National Finance Commission (NFC) has defined the three sectors as services and not goods. Also, the federal government, with the consensus of all stakeholders of the 7th NFC Award, has...
Rozee.pk is known as Pakistan’s number one Job website. There is no doubt that rozee.pk has grasped the biggest market share over the internet for spreading mouth of word for good jobs in the diversified industries like Information Technology, Telecom, FMCG’s, Pharmaceuticals and Insurance. Today let’s analyze the No.1 job portal to know some...
Askari Bank Limited, one of the fastest growing domestic banks in Pakistan, has chosen to implement a wide range of Oracle Solutions such as Oracle Database, Oracle Fusion Middleware and Oracle Applications including Oracle FLEXCUBE (core banking system) Oracle Reveleus (risk management system. The project aims to modernize its IT architecture to improve...
Pakistan Postal Service (PPS) will install ATM machines at their offices all over the country to facilitate their customers. Director General, Pakistan Postal Service, Muhamad Ahmed in an conversation with Associated Press of Pakistan said that from these ATM machines, money can be withdrawn with the bank cards including Benazir Income Support Programme...
We just witnessed a massive campaign by Telenor for its Easy Paisa (EP), across the city, through newspapers, hoardings, flyovers, television commercials and the web. The teaser campaign which preceded the launch developed much hype and raised public’s expectations that Telenor will launch an extraordinary product. Also, seeing that Tameer bank is...
