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GLOBAL TRENDS IN ICT DEVELOPMENT
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ISSUE # 13 ----- Mar 30 - Apr 5, 2015

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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 subsequent Quantitative Easing have added to the intensity of this dollar flow. The East is now the hub of economic activities and a number of emerging economies from this region have become the center of attraction for the world economists and analysts.........

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PAGE TOP STORIES

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EXCLUSIVE INTERVIEWS
& PAGE SPECIAL REPORTS

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PRODUCTIVE USE OF IT, RELATED SERVICES REMAIN UNSATISFACTORY
INTERVIEW WITH MR AHMAD SULEMAN ZAHID, CEO CORPORATE GENERAL SOLUTIONS (PVT) LTD
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If we talk about IT services, it include software development, software maintenance, system integration, web design, web development, web hosting and network design etc, and IT related services include inbound or outbound call centers, medical transcription, remote monitoring, graphics design, accounting services, HR services, telemedicine centers, data entry operations, locally produced television programs and insurance claims processing etc. In Pakistan, use of IT products and services is increasing day by and day, and various sectors of population in Pakistan i.e. professionals, business community, students, teachers and even housewives, etc, are directly or indirectly using IT products and services........

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ICT CONVERGENCE REVOLUTION IN PAKISTAN
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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 bills with the help of a cellular phone.........

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OIL PRICES
OIL WEEKLY BASKET PRICE

 (US Million $)
PERIOD PER BARRELS
Mar 27, 2015 51.65
Mar 20, 2015 49.50
Mar 13, 2015 52.93
Mar 6, 2015 55.98
Feb 27, 2015 54.87
Feb 20, 2015 56.56
Feb 13, 2015 53.55
Feb 6, 2015 51.27
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PREVIOUS ISSUES

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PAKISTAN WEATHER
3 DAYS FORECAST

  MIN MAX HUM% FORECAST.
KARACHI
SUNDAY 21 33 30 sunny
MONDAY 21 34 21 sunny
TUESDAY 23 32 54 sunny
LAHORE
SUNDAY 19 29 58 cloudy
MONDAY 18 29 58 cloudy
TUESDAY 18 29 60 cloudy
ISLAMABAD
SUNDAY 14 23 76 showers
MONDAY 14 24 73 rain
TUESDAY 14 22 77 rain

updated: Sun-Tue, Mar 29 - 31, 2015

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COVER STORY

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M-GOVERNMENT CONCEPT IS TAKING ITS ROOTS SPEEDILY IN PAKISTAN
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While over 95% of online purchases are fulfilled through Cash on Delivery (COD) in Pakistan, several promising initiatives are underway which will make it easier to pay directly online. Many banks and telecos alike have launched branchless banking and m-commerce initiatives ranging from MCB Bank's MCBLite, Telenor's Easypaisa, Mobilink's Mobicash, Zong and Askari Bank's Timepay, UBL's Netbanking and others. The number of branchless banking agents, which facilitate offline payments for online purchases tripled from 41,000 in 2012 to 125,000 in 2013, making it increasingly easier and more convenient to transfer money.......

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COVER STORY
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DEVELOPING LOCAL CONTENTS, APPLICATION WILL PAYBACK BANDWIDTH PROLIFERATION IN PAKISTAN
INTERVIEW: AMIR MALIK, CEO OF COMSATS
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Wireless broadband aims to offer universal access and Always Broadband Connection (ABC) services at anytime, at any place, and across varied networks using any terminal. It is clear that only a hybrid wireless network is needed to deliver a mobile, economical broadband service. The handover between heterogeneous networks to hybrid networking will remove restrictions on enhancing applications and performance that occurs in only uniform networks.

By using a single terminal based on open wireless architecture the end users can drive through network boundaries and then enjoy broadband services and applications anytime, anywhere, and through any network.  The real end-to-end application of wireless broadband will happen after holistic technological development allows a single terminal to flawlessly roam among various networks of different standards. This will be a positive accomplishment, and is a bright vision that motivates industry players........

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COVER STORY
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REAL ESTATE CLASSIFIED PORTALS BECOME INCREASINGLY POPULAR AFTER 3G/4G SERVICES
INTERVIEW WITH SAAD ARSHED, COUNTRY DIRECTOR OF LAMUDI.PK

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Pakistan has a multi-million dollar real estate industry, which can be gauged from the sheer value of its domestic real estate assets, which are worth a staggering US$700 billion.
With the increasing usage of the Internet and the advent of 3G and 4G services, real estate classified portals have become increasingly popular. They not only provide convenience to the local population who can search from the comfort of their homes but also target the international investors and overseas Pakistanis.

 

These platforms have huge potential, which can be gauged by the huge number of real estate agencies, builders and developers who have signed up with Lamudi.pk and are getting quality leads from all across the world.....

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COVER STORY
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GWADAR PORT NOT JUST A PORT BUT A GLOBAL NECESSITY
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With the development of Gwadar Port as a fast track project, it has started catching eyes of the international seafarers due to its strategic location offering transitional shipping facilities in the region including entire landlocked for Central Asian States as well as responding to huge transitional movement between Pakistan and China, which is bound to generate huge economic activities for Pakistan.

The government officials for the first time have also initiated a showcasing campaign of the newly-developed port and organized an important conference in UAE to attract the investors by highlighting the outstanding features of the port.....

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COVER STORIES
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SHIPPING
NEWS

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MOL LEAPS AHEAD WITH MORE GIANT SHIPS
The Japanese shipping company Mitsui OSK Lines (MOL) has announced a contract with the Korean shipyard Samsung Heavy Industries, to build four container ships of 20,150 TEU capacities, at a total cost of $619 million.
It will add another two to be built in Japan, for which it has already signed a long-term chartering agreement with Shoei Kisen Kaisha.....

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COVER STORY
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ICTóBANKING INDUSTRY IS THE BEST BENEFICIARY
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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, Pakistanís largest international bank is taking a lead with one step ahead in its drive to go digital, by launching the countryís first digital branch in Karachi, is a beginning of a new era in the financial sector.
This branch offers an unprecedented ambience by pioneering the best-in-class digital capabilities in the Pakistani industry...
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COVER STORY
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GLOBAL TRENDS IN ICT DEVELOPMENT
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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 subsequent Quantitative Easing have added to the intensity of this dollar flow. The East is now the hub of economic activities and a number of emerging economies from this region have become the center of attraction for the world economists and analysts..........

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RESEARCH CORNER

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INFORMATION TECHNOLOGY OFFERING KEY ROLE FOR EDUCATION GROWTH

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IT (Information Technology) is the use of computer and software to operate information. Microelectronics-based combination of computing and telecommunications is the processing, acquisition, storage and dissemination of textual, numerical, vocal and pictorial information. Use of IT in higher education has been enhanced through a variety of stakeholders approximately in two decades. Critiques of the often overhyped and tendentious nature of this enhancement identify a range of attentions in operation from private sector systems of technology, by media and academic commentators.......

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CAPITAL MARKETS
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COVER STORY
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PAKISTAN FAR BEHIND IN TAKING UP E-BUSINESS
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Currently, the over-all volume of e-commerce in Pakistan was more than US$4 billion per annum and as per estimates, almost 30 percent of the traditional business will be converted into Internet business. E-commerce is effective due to low cost, and billions of the buyers and sellers can be connected simultaneously across the world. E-commerce, if handled well can greatly reduce the costs of a company and achieve better results than the traditional form of business......

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COVER STORY
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TECHNOLOGY BECOMING INTEGRAL PART OF OUR LIFE
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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 between making and attending telephone calls. It may be very interesting to take into account what one used to do manually a few years back and now performing the same activity with a click of key........

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INDIA IN THE NEWS

MUMBAI: E-commerce major Amazon is taking your neighbourhood kirana store online. The e-tailer is launching an express delivery platform in partnership with mom-and-pop stores, calling it Kirana Now. Starting first in Bengaluru on a pilot run, Amazon intends to scale this up nationally, a senior executive from the Seattle-headquartered company said.
Amazon India's country head Amit Agarwal said Kirana Now is an India-specific innovation built particularly for the local market......

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IN THE NEWS

The technical committee of Indus River System Authority (Irsa) comprising senior provincial technical representatives and meteorological experts has assessed there would be no shortage of water for sowing and maturing the Kharif crops 2015 across the country. Source said to Research Analyst-PAGE on Friday that the Irsa's Technical committee held an important meeting in Islamabad on Thursday to estimate water supply during the coming Kharif season, starting from April 1.......

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GULF NEWS

Dubai: The Dubai Plan 2021 will shape the future of Dubai through its six themes, which clearly reflect the vision of the emirateís wise leadership in transforming Dubai into a smart and sustainable city, according to a top official.
Abdulla Al Shaibani, Secretary-General of Dubai Executive Council, said the government attaches great importance to partnership with businesses in galvanising public and private sectors from various economic sectors including trade, logistics, tourism and finance in achieving GDP growth......

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ANNOUNCEMENT

Pakistanís largest express and logistics company, TCS has signed a Corporate Financing Agreement with Dubai Islamic Bank (Pakistan) Ltd. worth PKR 600 Million which includes short-term working capital, fleet financing, and car financing facilities for TCS employees.
The overall arrangement and delivery of financial services would involve close collaboration between the Treasury & Corporate Finance team at TCS headed by Fahd Ali Sheikh and DIBís Corporate Banking team represented by Ghazanfar Ali Baig....

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COVER STORY
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TERMINOS T24: BEST BANKING SOLUTION IN THE WORLD
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Terminos is considered as the best core banking system in the world whereas the Terminos Group is the leading software solution provider in the world. Terminos globally is used by more than 2,000 financial institutions, which includes 38 of 50 top banks. The system collectively manages more than 500 million customers in the world. Not only does Terminos T24 serve conventional banking, the system has been modified for Islamic banking and is able to incorporate Islamic products......

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EXCHANGE RATES
Pakistan Open Market Rates

BUYING SELLING
US $ 102.15 102.4
UK POUNDS 151.25 151.5
KUWAITI DINAR 339.5 339.75
SAUDI RIYAL 26.95 27.2
UAE DIRHAM 27.75 28
CANADIAN DOLLAR 80.5 80.75
EURO 110.75 111
JAPANESE YEN 0.85 0.87

MORE RATES

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ENERGY
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FIRST LNG VESSEL CALLS ON ENGRO TERMINAL AT PORT QASIM
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According to government energy plan, this import liquid natural gas will be used for power generation to cut the costly fuel oil used by over 60 percent of thermal power generating units. The induction of LNG into Pakistan energy basket is expected to provided much sought after relief especially to heavily pressurized natural gas besides reducing the cost of power generation as well as oil import bill, which had gone beyond $16 billion last year. Although the plunging oil prices had provided a relief to import bill of Pakistan, yet the low oil price was not predictable and we have to find an affordable replacement of the costly oil......

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ECONOMY
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EUROPE, US DIVERGENCE OVER CHINA-LED BANK
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Since the shift from a state-run economy to a market economy, the Chinese economy is growing. China has already surpassed Japan as the world's second largest economy, and over time it is likely to surpass the US in this regard as well. IMF measures the gross domestic product (GDP) of countries, both in market exchange terms and in terms of purchasing power. As far as purchasing power goes, China has already overtaken the US and become the world's largest economy......

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13Mar15 20Mar15 27mar15
NASDAQ

4,893.29

4,992.38

4,863.36

H.SENG

23,823.21

24,405.37

24,486.20

SENSEX

28,660.47

28,343.01

27,458.64

NIKKEI

19,254.25

19,560.22

19,285.63

CAC-40

4,987.33

5,037.18

5,007.90

DAX

11,799.39

11,899.40

6,860.27

FTSE

6,762.72

6,962.32

6,861.31

S&P

2,065.95

2,089.27

2,056.15

DJIA

17,895.22

17,959.03

17,678.23

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As On Mar 27, 2015

TENOR

BID

OFFER

1 Week

7.41

7.91

2 Week

7.43 7.93

1 Month

7.41 7.91

3 Month

7.69 7.94

6 Month

7.70 7.95

9 Month

7.70 8.20

1 Year

7.70 8.20

2 Year

7.80 8.30

3 Year

7.91 8.41
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RESEARCH CORNER
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PAKISTANíS TELECOM SECTOR KEEPS PROGRESSING; PTCL BRINGS OUT SMARTLINK
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The year 2014 has recorded an optimistic overall telecom sector progress with its total revenues stood greater than Rs465.5 billion as against to Rs439.5 billion recorded during the preceding year. In term of total telecom revenues, each passing year saw rising trend but the profit of Rs465.5 billion recorded during 2014 was the largest in last 11 years of the telecom industryís history.
During the mentioned year, the revenue recorded from cellular mobile phone were Rs322 billion VAS (Value Added Services), Rs4.1 billion LDI (Long Distance International), Rs43.6 billion Local Loop, Rs88.8 billion WLL (Wireless Local Loop)........

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BUSINESS QUOTATIONS
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I also rise today in strong support of forward movement on the implementation of health information technology, which has the potential to save the United States billions of dollars in health care costs each year.
RUSS CARNAHAN
One of the biggest challenges to medicine is the incorporation of information technology in our practices.
SAMUEL WILSON
On education, in order to ensure that America remains a world leader, we must create an educated, skilled workforce in the vital areas of science, math, engineering and information technology. At the same time, we must give every student access to a college degree.
JOHN F. TIERNEY
Developments in information technology and globalised media mean that the most powerful military in the history of the world can lose a war, not on the battlefield of dust and blood, but on the battlefield of world opinion.
TIMOTHY GARTON ASH
It's hard to pay attention these days because of multiple affects of the information technology nowadays. You tend to develop a faster, speedier mind, but I don't think it's necessarily broader or smarter.
ROBERT REDFORD
If you thought the advent of the Internet, the spread of cheap and efficient information technology, and the growing fragmentation of the consumer market were all going to help smaller companies thrive at the expense of the slow-moving giants of the Fortune 500, apparently you were wrong.
JAMES SUROWIECKI
A variety of national and international studies indicate that the broad-based deployment of information technology can have a substantial impact on our nation's economic productivity and growth as well as the educational and social success of our citizens.
TIM HOLDEN

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COVER STORY
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MOBILE BANKING TAKING AN IMPETUS IN PAKISTAN

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Since the introduction of branchless banking through cellular technology, Pakistan has seen a major increase in the number of mobile banking users. According to State Bank of Pakistan reports, in terms of mobile banking, the number of transactions has increased by almost 130 percent, whereas the value of these transactions has risen by 381 percent.

Mobile banking has become another forum for the banks to provide financial services to their clients. The convenience factor for users is such that they can conduct transactions, like fund transfers, balance inquiries, utility bills payment, and often other financial services like brokerage and stock market transactions -- all through their mobile handsets, at any time of the day........

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THIS WEEK TOP STORIES

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WHEAT EXPORTS FETCH GOOD PRICES (DAWN NEWS)
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BRAZIL'S ECONOMY GREW 0.1% IN 2014 (BBC NEWS)
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TDAP ACCELERATES RICE EXPORT TO CHINA (THE NATION)
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PROMOTION OF BIOTECHNOLOGY: LCCI STRESSES NEED FOR SPENDING SUFFICIENT FUNDS (BUSINESS RECORDER)
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UAE MINISTER CALLS FOR MORE EFFORTS TO PROMOTE ECONOMY (GULF NEWS)
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DUTY IMPOSED ON HOT ROLLED PRODUCTS (DAWN NEWS)
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UAE TO SET UP $500M OIL REFINERY IN KP (THE NATION)
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HEALTH
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INFORMATION ABOUT BIO HEALING ENERGY
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To relieve the pressure on the compressed nerves the excess fluid in the tissues must be removed. Once the pressure has been removed the pain will subside. The therapy devices do reduce the inflammation in the tissues therefore they are very effective at reducing pain at the point of injury. Because the cause of the pain has been removed ( i.e. the inflammation) the pain relieving results will last for a much longer period of time than pain killers, which are just blocking the signal. While the energy field is reducing the inflammation, it is also improving blood supply to the injured area. The extra blood flow brings fresh rich oxygen, nutrients and hormones...

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