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Tag Archives: technology

Banking for all

  For the past two decades, the banking sector has chosen a new service channel based on the progress of information technology – internet to respond to the changes in customer preferences and needs, increasing competition from non-banks, changes in demographic and social trends, and government deregulations of the financial service sector. In the search for sustainable competitive advantages in the technological financial service industry, banks have acknowledged the value …

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Blending banking with technology

  Over the last one decade banks have been working hard to enhance their outreach, by increasing number of branches but more importantly through deployment of technology. The convergence of telephony and information technology has helped in developing ‘technology highway’. Now an account holder can complete a banking transaction irrespective of time, his location and even his/her primary bank. Initially there was some resistance against use of ‘plastic money’ as …

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Banking sector the biggest beneficiary of ITC convergence

  In Pakistan financial institutions have been the pioneer of technology deployment. This is partly because of the nature of their business and partly because of dealing with their counterparts located in developed countries. The added advantage have been that they have ample funds and also because ‘globally acceptable’ hardware and software are available. They also have on credit ‘development of tailor made programs’ that are Pakistan specific. Deployment of …

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Information technology and education

  There are two contrary opinions about Pakistanis being Information technology savvy: 1) Pakistan has reasonable percentage of technology savvy people and 2) the level of IT education is far from satisfactory. Some experts say both the opinions are valid and it depends on the segment of population anyone is trying to explore. However, the split between urban and rural areas continue to have impacts. They say a lot depends …

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Deployment of technology in financial sector

  In Pakistan banks were the first to deploy technology as they had funds and also wanted to enhance their footprint. On top of that it was growing pressure of the corporate sector to make banking more efficient. Banks went for mainframe computers and soon also started processing bills of utility companies. After a while utilities installed their own systems. However, the real revolution came with the advent of personal …

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Investing in new banking technology

  The banking industry in Pakistan faces tough competition unleashed in the global arena. The banking sector still needs to take effective measures for improving and strengthening its competitive position vis-’-vis the foreign banks. The banking industry must be able to meet increasingly complex banking needs if it is to flourish. The country cannot catch up with its Asian neighbors India and China in terms of economic development without making …

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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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Automotive sector: key for economic stabilization

  Prices of locally-assembled vehicles are competitive with global prices Automotive sector is one of the fastest growing sectors in Pakistan, as it contributes towards the nation’s economy in the form of technology transfer, employment and revenue generation. Local vendors deem to play an important role in the growth of auto industry as they bear the responsibility of producing auto parts and sub-assemblies according to the benchmark set by the …

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Android technology to hover with all handheld devices

  Android, Inc. was founded in Palo Alto, California in October 2003 by Andy Rubin, Rich Miner, Nick Sears and Chris White. The company was formed with the idea of developing an advanced operating system for digital cameras. Later looking at the size of the market of cellular phones, the company decided to make an operating system in competition with Symbian and Windows Mobile. Google acquired Android Inc. on August …

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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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