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Site update: November 16 2018, at 18:00 PKST
Stock update: November 16 2018.

Recent Financial News in the 'tech-comm' category

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Thursday, November 15 2018

FIA asks banks to upgrade cyber security system
ISLAMABAD: The Federal Investigation Agency (FIA) has asked banks to upgrade their cyber security wings as per international standards to protect their system from further attacks by the hackers who recently stole huge sums from accounts. In a series of meetings, which continued for two days in Karachi, it was decided that banks, including the State Bank of Pakistan (SBP), would maintain a regular coordination and exchange information with the FIA. Headed by FIA’s cybercrime wing director retired Capt Mohammad Shoaib, the investigation agency team held several meetings with IT officials of different banks, including BankIslami, before heading back to Islamabad.
Related news categories: business misc tech-comm

Wednesday, November 14 2018

Govt plans to digitalise postal services: Minister
ISLAMABAD - Minister of State for Communication and Postal Services Murad Saeed has said government plans to digitalise the postal services for providing modern and fastest facilities to the consumers. He inaugurated the Electronic Money Order and Same Day Delivery Services on Tuesday at General Post Office (GPO) Islamabad. Talking to media, he said Pakistan Post is going towards e-commerce, rebranding, mobile money order and enhanced logistic facilities via network of 13,000 post offices across the country. He said Pakistan Post has a market of 80 billion rupees and it can tap its share with enhanced services and attractive packages. This will help the department to not only overcome its current losses of 10 billion rupees, but also make it an earning institution. Murad Saeed urged media and general public to support the government in revamping the Pakistan Post.
Related news categories: business misc tech-comm

Monday, November 12 2018

Apple finds quality problems in iPhone X
NEW YORK: Apple Inc said it had found some issues affecting some of its iPhone X and 13-inch MacBook Pro products and said the company would fix them free of charge. The repair offers are the latest in a string of product quality problems over the past year even as Apple has raised prices for most of its laptops, tablets and phones to new heights. Its top-end iPhones now sell for as much as $1,449 and its best iPad goes for as much as $1,899. Apple said displays on iPhone X, which came out in 2017 with a starting price of $999, may experience touch issues due to a component failure, adding it would replace those parts for free.–Reuters
Related news categories: business misc tech-comm

Samsung to release foldable phone in first half of 2019
SAN FRANCISCO : Samsung Electronics Co will release its new foldable smartphone within the first half of next year, planning to deliver at least 1 million units to the market, its mobile business chief has said. After years of rumors and speculation, the foldable phone, which is a tablet when it is fully opened and becomes a smartphone when closed, was revealed during the annual Samsung Developer Conference in San Francisco on Wednesday and Thursday. It uses a new display technology called Infinity Flex Display that allows users to open and close the device a countless number of times without degradation. “We can’t confirm the date but will release (the foldable phone) within the first half of next year,” Koh Dong-jin, president of IT & Mobile Communications at Samsung Electronics, said in a press briefing held in San Francisco on Thursday. “The first batch to be delivered will be at least 1 million, and the company is set to produce more if it’s well-received in the market.” Koh said offering the first look at the long-awaited phone to its developers means that its foldable phone technology has come to a level for mass production. “We would have long ago released a foldable phone if we were only interested in making a product that people would soon get tired of using,” Koh pointed out. “Samsung Electronics tried to pursue the best user experience with the foldable phone to take the lead in the market, taking into consideration the display, battery and size.”
Related news categories: business misc tech-comm

Friday, November 09 2018

Pakistan to focus specially on technology transfer in future deals
ISLAMABAD: The Pakistan Tehreek-e-Insaf (PTI) government has decided to make transfer of technology a vital part of all future agreements with foreign partners including China in an attempt to ensure a technology-based economy and give a boost to dwindling exports. The government feels that no attention has been paid to the transfer of technology in previous agreements. Now, the technology would be given due importance in all future agreements and directives would be issued to all the relevant ministries and divisions in that regard, sources told The Express Tribune. In a recent meeting of the cabinet, Prime Minister Imran Khan directed that in all deals with foreign countries including close trade partner China, the Pakistan government should make conscious efforts to ensure that the provisions contained in the agreements adequately provided for the transfer of technology to Pakistan.
Related news categories: business economic-indicators misc tech-comm helpline: +92-42-3631-4186 (10:30am to 5:30pm)