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Mobile messaging — changing the face of communication

  When Facebook signed a $19 billion deal with WhatsApp, the world watched awestruck, wondering what this would mean for mobile messaging apps in the days to come. A few months on, everything still remains the same. Mobile messaging apps, almost all of them free, remain as popular as ever. More and more people download and register for these apps on their phones –- communication has never been easier and …

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E-commerce in Pakistan: scope and challenges

  Electronic commerce or e-commerce is actually the business done through the Internet in the present era of modernization and technology. The rapidly growing usage of Internet is shifting the world towards the e-commerce. Phenomenal advancement in Information and Communication Technology (ICT) has not only brought a revolution in the life styles of the people but also in the business and marketing strategies of the people. Today, a company creates, …

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Online banking has changed financial landscape in Pakistan

  Online banking has accelerated financial inclusion and changed the financial landscape in many developing countries including Pakistan. Mobile phones are now compensating for inadequate infrastructure, slow postal services, and the limited coverage of banking systems in many countries. Online banking has introduced non-traditional channels of delivering services in the banking industry. Information and Communication Technologies (ICT) have transformed the global economy bringing about a revolutionary change in the financial …

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Islamic Finance — An ideal tool of financial inclusion

  Poverty problems can be resolved effectively through Islamic microfinance Islamic Finance is an ideal tool of financial inclusion and can address the poverty issues in East Africa effectively, it was stated by Mr. Zubair Mughal, the Chief Executive Officer of AlHuda Center of Islamic Banking and Economics (CIBE) while addressing with eminent gathering of Banking and Financial industry of Tanzania in Dar es Salaam during a Islamic Banking and …

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Pakwheels: A premium portal and fast emerging online business in Pakistan

  If life was a long drive, it would be best driven by those who value each step taken on the journey. The same goes for those car enthusiasts who always look for a perfect automobile that suits their needs and lifestyle. Your car empowers you to reach a destination in a way, you want to go by, but also leads you to achieve self-actualization and, in simpler words, makes …

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Use cellular of technology for banking transactions

  Pakistan is the most vibrant market for sale and purchase of mobile connections and cellular phones. The industry is regarded to be the best in Asia in terms of sales. Major cellular companies have eyed Pakistan for increase in sales in double digits; part of the reason being population of 180 million people which creates an automatic demand. In recent times, high demand is witnessed for purchase of mobile …

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Mainstreaming of renewable energy vital to beat country’s power shortfall

  Renewable energy must be a important part of Pakistan’s energy plan In the face of critical energy crisis, Pakistan needs to explore renewable energy avenues to improve its power supply. So far renewable energy is not important part of Pakistan’s energy plan. As per estimates, the country loses up to 3-percent of its GDP per annum are because of power shortages. Despite enormous potential, Pakistan cannot explore avenues of …

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The government, banks must jump on to financing the solar projects

  Solar energy is forecasted to become a new source of power to lead the world to a low-carbon future and expectedly, away from a global climate catastrophe. For solar energy to become very cheap that it can compete with coal and oil, its deployments need to be greatly developed. Solar power can meet wholly the world demand of electricity. It has the capability to provide several times the country’s …

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Mega forestry projects to prosper Balochistan

  Ziarat in Balochistan possesses the second largest Juniper forests in the world. Besides Juniper, other major species include Almond, Khujak, Olea and Wild Ash are in Ziarat. Conservation of Juniper forest needs a long-term strategy on the part of the government. The objective of the forestry is to improve and expand the tree plantation, stabilize sand dunes, preserve the natural flora and fauna, complete and establish recreational parks and …

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SAARC region needs inclusive economic growth

  Pakistan keen to build TAPI for the benefit of the region The Prime Minister of Nepal Mr. Sushil Koirala has rightly pin pointed with a wake up call that despite remaining in proximity, the countries in the South Asian Association of Regional Cooperation (SAARC) region did less than 5 percent trade among them as lack of physical connectivity; political will and long list of products under sensitive list have …

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