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Tag Archives: ICT

Growth challenges for branchless banking in Pakistan

  The banking industry in Pakistan faces tough competition unleashed in the global arena. Information and Communication Technologies (ICT) have transformed the global economy bringing about a revolutionary change in the financial sector. This revolution finds manifestations today in shape of innovative banking products and services such as Automated Teller Machines (ATMs), Internet banking, tele-banking and so on. Online banking has introduced non-traditional channels of delivering services in the banking …

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Electronic banking: scope and prospects

  Pakistan’s Information Communication Technology (ICT) sector has witnessed tremendous growth during the last 15 years or so. Banking sector, though for the wrong reasons, has managed to keep pace with the ICT sector’s fast-paced growth. The abolition of fractional reserve system in 1971 and the post-crisis ‘Quantitative Easing’ have generated a spate of US dollars. These dollars, traveling on the vehicle of foreign trade, have infused the entire global …

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Plan9 – Pakistan’s largest technology incubator aiming to facilitate technological entrepreneurship

  The Punjab government is committed to bringing transparency, efficiency and accountability through the use of ICT interventions and e-Governance. The Punjab Information Technology Board (PITB), led by Dr. Umar Saif, is at the forefront of efforts by the Punjab government to help citizens gain access to technology as well as to interact with the government in a more transparent and accessible manner. The Punjab E-gateway Project, planned and executed …

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Technology becoming integral part of our life

  If one sits down to take an account of how technology has become part of his/her life it may be difficult to think from where to begin. Almost everything what is done is driven my some sort of micro processor by it the wake up alarm set in a mobile phone, tea maker/toaster, unlocking of car to step in, elevator, biometric attendance, working at desktop or laptop computer and …

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ICT- banking industry is the best beneficiary

  Although the Information and Communication Technology (ICT) is taking roots in almost every segment of the society and even weeding out the chronic rot of file culture in our government organizations, yet the best advantage of the ICT is being enjoyed by the financial sector in Pakistan. In this respect, the Standard Chartered Bank, Pakistan’s largest international bank is taking a lead with one step ahead in its drive …

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ICT convergence revolution in Pakistan

  Over the years Pakistan has witnessed boom in information technology and telecommunication. The successive governments kept the lowest possible import duty on computers, which increased number of users of computer manifold. This was followed by induction of cellular telephony, the latest being introduction of 3G and 4G technology. With smart phones also being available at affordable cost now the users can receive/send e-mail, complete bank transactions, pay their utility …

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Global trends in ICT development

  During the two decades of the current millennium, the world has been taken by some sweeping changes in the field of ICT. Not surprisingly, the year-on-year growth in ICT has been higher in the developing world in comparison to the developed world. With the change in the US economy from industrial to consumer, the flow of dollar has been from the West to the East. The outsourcing factor and …

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Strategy to expand mobile banking

  Mobile wallet accounts to cross 50 million in five years The State Bank of Pakistan has developed a strategy, in collaboration with the World Bank, to make a multifold surge in mobile account holders to over 50 million in the next five years, as branchless banking remains an effective channel to expand outreach of un-banked and under-banked people in the country. The governor State Bank of Pakistan Ashraf Mahmood …

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Brunt of taxation on the ICT industry

  Many in the telecom industry have, for years now, been advocating for a reduction in the indiscriminately high telecom taxes. The 2016-17 budget in Pakistan got diverse reactions from the Information and Communication Technology (ICT) industry. It raised taxes on mobile phones. But there was good news for IT sector in the form of tax exemption on software exports with reasonably satisfactory budget for development projects. The government generated …

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Impact of hacking in the ICT industry of Pakistan

  Dependencies of information systems is rapidly growing all over the world. However, security of these systems is very important as we heavily rely on such automated systems. This research identifies the weak areas of such systems specifically in Pakistan. Why is our public sectors website hacking percentage higher? How to mitigate this risk? This research will also show the impact and provide recommendations. This study would be useful for …

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