Category: News & Announcement

In September 2018, 29-year old college drop out and serial entrepreneur Brandon Timinsky was invited to come visit Pakistan by an old college buddy. At the time, Timinsky was looking for an Asian market to plant himself and his latest idea in. Today, the born and raised Florida man is still in Pakistan, hoping his Fintech project ‘SadaPay’ will change the way banking and money work in Pakistan.  It is a strange thing to think about, an American entrepreneur trying to find a way into Pakistani banking. But Timinsky’s story…

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KARACHI: The National Institute of Cardiovascular Diseases (NICVD) has suggested setting up diagnostic laboratories in containers similar to the ones currently being used by the institute to contain the spread of coronavirus in Sindh. The advice by NICVD Executive Director Professor Nadeem Qamar was given to the provincial government as the number of COVID-19 cases jumped to 932 in the province on Monday. The hospital assured the government that it could provide necessary technical support in setting up the mobile laboratories across 29 districts of the province, similar to the mobile chest pain…

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Brazil’s energy minister said on Monday that it would attend the G20 meeting of oil ministers that Saudi Arabia is trying to rally together to cut oil production, Reuters reported on Monday. Saudi Arabia extended the invitation to Brazil on Sunday. The market is skeptical of any production cut deal that doesn’t involve the United States, but Brazil is the oil producer that is expected to be the third-largest growth driver of non-OPEC supply this year behind the United States and Norway. According to OPEC’s February MOMR, Brazil’s production was…

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LONDON: The world is almost certainly ensnared in a devastating recession delivered by the coronavirus pandemic. Now, fears are growing that the downturn could be far more punishing and long lasting than initially feared — potentially enduring into next year, and even beyond — as governments intensify restrictions on business to halt the spread of the pandemic, and as fear of the virus reconfigures the very concept of public space, impeding consumer- The pandemic is above all a public health emergency. So long as human interaction remains dangerous, business cannot…

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KARACHI: As the internet use in the country has increased during the Covid-19 lockdowns, the Pakistan Telecommunication Autho­­­rity (PTA) has asked internet providers to offer affordable services to customers. In a letter to Fixed Line Operators (FLO) on Thursday —a copy of which is available with Dawn — the PTA said during the ongoing lockdown across the country, the overall requirement in the country for broadband had increased considerably. In view of the prevailing Covid-19 circumstances and mandate given under Section 4(1) C read with Section 6 (F) of the Paki­stan Telecomm­unication…

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