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  • WhatsApp reaches 2 billion users

    WhatsApp reaches 2 billion users

    Facebook-owned instant messenger — WhatsApp — has crossed 2 billion users around the world, and on this success, has reaffirmed its commitment to strong encryption to protect the privacy of users’ data.

    WhatsApp, which was acquired by Facebook in 2014, turned into the most widely-used free messaging app that provides free text, voice and video communication services; enabling more than 2 billion people to have conversations from anywhere in the world.

    “Strong encryption is a necessity in modern life. We will not compromise on security because that would make people less safe,” WhatsApp said in an official statement. “For even more protection, we work with top security experts and employ industry-leading technology to stop misuse as well as provide controls and ways to report issues without sacrificing privacy.”

    The social network is working to extend end-to-end encryption across its messaging applications, including Facebook Messenger and Instagram.

    In a recent statement, Facebook had said some 2.89 billion people globally were daily users of at least one of its services. The growth has attracted more attention of regulators and activists concerned over the dominance of major tech platforms.

  • Freelancers payment limit raised to Rs. $25,000: State Bank of Pakistan

    Freelancers, who provide services in information and communication technology, can now receive payments worth up to $25,000 (Rs 3.9 million) per month, which, earlier, stood at a mere $5,000 (Rs 0.7 million).

    The decision has been made by the State Bank of Pakistan (SBP) to broaden the scope of remittances in Pakistan. This will facilitate freelancers to bring a greater value of funds through more economical and efficient channels of home remittances and help in receiving foreign exchange flow through formal banking.

    Read more – Pakistan’s first manmade island to be built in Gwadar at a cost of $10 billion

    According to SBP, “this would enable freelancers to expand their services and engage new individuals to join the workforce that will inevitably create more employment opportunities in Pakistan”.

    Read more – Largest gas reserve in 20 years discovered in Balochistan

    The concept of freelancing is the emerging trend in Pakistan. Freelancing is a term used commonly for people who are self-employed. Mostly, they are not committed to a particular employer for the long term. They provide services in the local and international market.

  • Govt mulls new rules to ‘control’ digital media in Pakistan

    Govt mulls new rules to ‘control’ digital media in Pakistan

    The government is planning to impose new rules that could radically redefine the digital landscape of Pakistan, ProPakistani reported Wednesday.

    According to reports, the government wants to curb blasphemous content for social media and the new rules would allow institutions to control all online content in the country.

    The new rules — named the Citizens Protection Against Online Harm Rules — are a sort of extension of legislation like the Prevention of Electronic Crimes Act (PECA) and would allow the government to bypass industry stakeholders following approval of the federal cabinet.

    While the document (available here courtesy of Digital Rights Monitor) talks about social media companies, the definition for “social media companies” is broad enough to bring any company with an online presence under its ambit. If companies don’t abide by any of the rules in the 14-page document, they’ll be blocked in Pakistan.

    The move comes days after a Senate panel rejected a proposed move to be initiated by the Pakistan Electronic Media Regulatory Authority (PEMRA) for regulating web TV and over-the-top (OTT) media service in the country following the authority failed to establish its jurisdiction for doing so before the house’s body.

    The Senate Functional Committee on Human Rights which met with Senator Mustafa Nawaz Khokhar in the chair held a detailed discussion on PEMRA’s proposal of regulating web TV and OTT content.

  • Pakistan’s first manmade island to be built in Gwadar at a cost of $10 billion

    Pakistan’s first manmade island to be built in Gwadar at a cost of $10 billion

    Pakistan’s first manmade island — ‘Chaand Taara’ — will be built in Gwadar at a cost of over $10 billion. Shaped like a moon and star to represent Pakistan’s flag, it will form the cities of the Central Business District in the port city on the southwestern coast of Balochistan opposite Oman.

    According to Daily Times, located on Marine Drive and stretching towards Zero Point on the Coastal Highway, the Central Business District is to include a state-of-the-art amusement park, art and culture museum, grand theatre, concert hall, international expo centre, 5-star hotels and resorts, multiple shopping malls and waterfront walk, and a shopping promenade to name a few.

    The mega-development project that will be built around Gwadar Tower — expected to be Pakistan’s tallest building — has been detailed in the Gwadar Smart City Masterplan. The 75-page detailed report has been under development by a Chinese state-owned enterprise with assets of over $132 billion, China Communications Construction Company, and the Pakistani government as a joint-venture.

    The master plan document, prepared in conjunction with Pakistan’s Minister of Planning, Development & Reform and Gwadar Development Authority, chalks out an elaborate road map and plan on how Gwadar is to become the trade and economic hub of South Asia with a GDP per capita of $15,000 — 10 times that of Pakistan’s average.

    In line with Pakistan and China’s grand development plans for Gwadar, it will be Pakistan’s first weapon-free city. The city is being developed under the highest of international standards to be an economic hub not only for Pakistan but for the region and for this reason a robust security environment will be developed to ensure security for foreigners and expats visiting it. The security plans include the highest levels of urban security mechanisms through CCTV, vehicle management, urban video and alarm networks, and police management programmes.

    The report also quoted Balochistan Governor Amanullah Khan Yasinzai as saying that the project will be a game-changer for the people of the region.

  • Jahangir Tareen announces selling 20,000 tonnes of sugar for Rs67 per kg

    Jahangir Tareen announces selling 20,000 tonnes of sugar for Rs67 per kg

    As sugar prices skyrocket following a severe shortage in major parts of the country, senior Pakistan Tehreek-e-Insaf (PTI) leader and owner of JDW Sugar Mills Limited — the largest white sugar producer in the country –, Jahangir Khan Tareen, has announced to sell whopping 20,000 tonnes of the commodity for just Rs67 per kilogramme (kg).

    Speaking to a private media outlet, Tareen said that Sugar Mills Association, in a bid to control inflating prices of sugar, had decided to provide Utility Stores with 100,000 tonnes of the same at Rs70 per kg. “Out of my share, I will sell 20,000 tonnes at Rs67 per kg,” he added.

    It merits a mention that according to reports, JDW Sugar Mills Limited in January announced its financial results for the first quarter that ended on December 31, 2019, which showed that its revenue went up by 61.45% to Rs13.19 billion during the first quarter as compared to Rs8.17 billion recorded in the same period last year.

    The sugar division comprises three sugar mills units, JDW Unit-I, JDW Unit-II and JDW Unit-III in Rahim Yar Khan and Ghotki districts. It is one of the largest groups in the sugar sector and contributes approximately 15-17% of the country’s sugar production. It is also managing Sugarcane Corporate Farms over an area of 24,000 acres in Punjab and Sindh.

    While people allege that the government had a role to play in scoring Tareen these profits, as of last month, a serious case of sugar shortage emerged as the country already stumbled amid a wheat crisis.

    During the PTI government’s 15 months, sugar prices have shot up to as high as Rs64 a kilogram (kg). However, over the past week, the wholesale rate rose from Rs64 to Rs74 per kg and an acute shortage surfaced in the country. Last year, Pakistan produced 600,000 tonnes of sugar. Now, however, the wholesale rate of sugar is expected to reach Rs80 per kg, The News reported.

    Meanwhile, the Prime Minister (PM) Imran Khan-led PTI government has banned export of sugar and turned down a proposal to import the commodity in order to maintain prices in the domestic market.

  • Rs10 billion subsidy approved to control inflating food prices

    Rs10 billion subsidy approved to control inflating food prices

    To counter the effects of inflating food prices, the federal cabinet on Tuesday approved a detailed package of Rs10 billion subsidies for Utility Stores, Dawn reported.

    According to reports, the government will open thousands of stores in Pakistan, moreover, consumer items at subsidised rates will be supplied to 50,000 tandoors and dhabas.

    To address the sugar crisis in Pakistan, the cabinet meeting presided by Prime Minister (PM) Imran Khan also decided to lift the ban on sugar import and regulatory duty on it. Also, the cabinet in its meeting decided to establish five “free zones” along the Pak-Afghan border, where Utility Store Cooperation will set up its stores to curb smuggling.

    RATES:

    Under Rs10bn subsidy, a 20 kg bag of wheat flour will be sold for Rs800, sugar will be priced at Rs70 per kg, ghee at Rs175, pulses at Rs15 and rice will be available at Rs20 per kg at Utility Stores.

    In the meeting, the cabinet agreed that rupee devaluation against the dollar and the increase in gas and electricity tariffs were some of the reasons for the increase in food items prices. Cabinet also agreed that there would be no further increase in gas and electricity rates.

    Advisor to PM on Information and Broadcast Dr Firdous Ashiq Awan. addressing a press conference, said, “The government would provide Rs2bn monthly subsidy to the USC for wheat flour, rice, sugar, pulses and ghee. She said the basic objective to give Rs10 billion subsidy was to ensure a sufficient supply of food items through Utility Stores.

    The also meeting decided that the government would use Pakistan Agricultural Storage and Services Corporation as a reservoir to store sufficient quantity of essential items so that in times of crisis these reserves could be utilised.

  • Dr Firdous reveals her favourite makeup brand

    Dr Firdous reveals her favourite makeup brand

    Special Assistant to the Prime Minister (SAPM) on Information and Broadcasting Dr Firdous Ashiq Awan has a tough schedule. Apart from attending various meetings throughout the day with the Prime Minister, Dr Firdous also has to address press conferences to brief the media and public about daily happenings. For all this, Dr Firdous maintains an impeccable appearance and is always on top of her game.

    In an exclusive interview with The Current, when asked about her favourite makeup brand, Dr Firdous revealed that it is Clinique.

    “Because my skin remains in painting all day, Clinique is good at all this denting-painting,” the SAPM had said.

    Apart from that, Dr Firdous also revealed the one thing she admired about her predecessor, former federal minister for information Fawad Chaudhry. She said that she liked his “struggle to always stay in headlines”.

    According to the details, with cracks continuing to emerge within the ranks of the ruling Pakistan Tehreek-e-Insaf (PTI) and rumour having it that both Awan and Chaudhry are not the best of friends ever since the latter was sacked and replaced by the former, the SAPM when asked what she liked the most about Chaudhry, she said, “His [Fawad Chaudhry’s] struggle to always stay in headlines.”

    To another question, Awan, who is not an elected member of the parliament, said that election defeat under Imran was not a defeat. “It’s a victory for my ideology,” she said.

    “Social media is an unguided missile with warheads but no target,” the SAPM said when asked what was that she disliked the most about social media.

    Awan also said that she was not a misogynist — her verbal attacks “were for people and not genders” and those who criticised her for not being an elected representative, “lacked sense”.

    WATCH THE FULL INTERVIEW:

  • Largest gas reserve in 20 years discovered in Balochistan

    Largest gas reserve in 20 years discovered in Balochistan

    Pakistan Petroleum Limited (PPL) has found a huge gas reserve in Margand block of Kalat, Balochistan, 100% of drilling rights of which are owned by the PPL.

    According to the details, PPL had been drilling at Margand X-1 block since June 30, 2019. It carried out Modular Dynamics Testing (MDT) that helps in the detection of gas reserves. PPL further conducted a Drill Stem Test (DST) that revealed that these reserves might potentially exceed 1 trillion cubic feet.

    In comparison, Sui has estimated reserves of 2 trillion cubic feet. This is the first significant discovery of gas reserves in Balochistan since 2000 after which companies such as British Petroleum, Petronas and Niko Resources had been trying to tap unexplored reserves.

    All companies had, however, failed to discover reserves this large and pulled out of the country.

    Furthermore, little to no attention was given during the tenures of previous governments to exploit the domestic wealth of minerals and fulfil the energy needs of the country. Instead, dubious contracts like rental power plants and Liquified Natural Gas (LNG) power plants were signed, which the National Accountability Bureau (NAB) has been investigating.

    Pakistan can save more than $900 million on the import bill if Margand gas reserves replace LNG, which costs domestic consumers 100% more than Sui gas, a former board director of the PPL has said.

  • New survey reveals Pakistani businesses positive about future

    New survey reveals Pakistani businesses positive about future

    A new report has revealed that international investors are looking towards Pakistan for business opportunities and queries regarding this have increased to a great extent.

    Dun & Bradstreet (D&B), which provides commercial data globally in the form of ‘Business Optimism Index’ (BOI), presented the report which stated that the business community in the country is optimistic about their position.

    Read more – Imran’s ‘blue-eyed’ Shabbar Zaidi resigns as FBR chairman: report

    In an official statement, D&B said: “We used to collect data of Pakistani companies located in Dubai, We had data of around 100,000 Pakistani companies but looking at the rising demand we [D&B] decided to launch our office in Pakistan.”

    Read more – As Dar’s residence is converted into Panahgah, Musharraf’s farmhouse remains untouched

    As per the report, large companies are relatively more optimistic than small and medium enterprises (SMEs). Similarly, companies in the services sector are more hopeful as compared to the trading and manufacturing sectors.

    D&B, initiated in the early 1900s, will publish a report quarterly, in a bid to measure the progress of the business community and serve as a tool to assess the position of the businesses in Pakistan.

    Read more – Naya Pakistan: Govt to set up 50,000 shops to sell daily-use items on subsidised rates

    The response from the business community reflects respondents’ position regarding the current business situation, and forecast business situation. Based on the results, respondents are more optimistic regarding the forecast business situation in comparison to the current business situation.

    Around 66% of the respondents expect business situation to be good in the upcoming quarter compared to 42% of respondents in the current quarter. However, 9% of the respondents expect their business situation to be poor in the upcoming quarter, compared to 16% in the current quarter which is a positive indicator for businesses.

  • Imran’s ‘blue-eyed’ Shabbar Zaidi resigns as FBR chairman?

    Imran’s ‘blue-eyed’ Shabbar Zaidi resigns as FBR chairman?

    In a rather expected development, Federal Board of Revenue (FBR) Chairman Syed Shabbar Zaidi on Tuesday resigned from the post, a private media outlet claimed.

    A prominent chartered accountant and former caretaker provincial minister for Sindh, Zaidi was named by Prime Minister (PM) Imran Khan in May last year as his choice for the new FBR chief.

    Adviser to the PM on Finance Dr Abdul Hafeez Shaikh had last week hinted that the federal government may change the FBR chief if his health did not improve any time soon.

    Shaikh, in an interview with a private news channel, had shared that the government may decide to change the FBR chairman if he did not recover quickly as the government also planned to introduce a mini-budget.

    “The FBR chairman is ill and we hope he recovers quickly,” Shaikh had said. His statement had come weeks after Zaidi had sought an indefinite period of leave from his official duties on grounds of poor health.

    Earlier, Zaidi had gone on sick leave from January 6 to January 19. This had led to rumours that there was a rift in the government’s economic team. However, those rumours were rejected by the FBR.

    Meanwhile, another media outlet has rubbished the claims regarding Zaidi’s resignation.

    “I am not resigning from my post as chairman FBR. I have just not been performing my duties due to my health,” Zaidi told Geo News.