Connect with us

Tech

Pakistan IT exports cross the $2 billion mark for the first time

Zarbab Ayesha Malik

Published

on

IT sector is one of the fastest-growing sectors of Pakistan contributing about 1% of the GDP of Pakistan at about 3.5 billion USD. It doubled in the past few years and experts expect it to grow a further 100% in the next two to four years to $7 billion.

Pakistan’s IT sector made a giant stride in the outgoing financial year with an impressive penetration in the exporting countries, which result in massive growth in export values, crossing the Mark of $2 billion for the first time.

Industry player said that the robust performance of the local IT companies attracted long-term exports orders from the USA, UK, EU, and Middle East Countries, as the demand for automation and eCommerce recorded an unprecedented uptick across the world as a result of the prevention of Covid-19 pandemic.

According to the State Bank of Pakistan, the exports of IT and IT-enabled services surged to $2.1 Billion in the financial year. Showing an impressive growth rate of 47% year on year.

Exporters of the IT sector urged the government to honor its commitment to facilitate the IT sector with incentives and ease of doing business which will ultimately bring inflows of Dollars and generation of skilled employment in the country.

Commerce advisor Razak Dawood said in a statement on Monday “I want to congratulate our IT exporters for crossing the $2bn export mark for the first time in our history,”

“You have done a remarkable job and I encourage you to market your exports even further to achieve more”,

Mr. Dawood said he always believed in the abilities of IT professionals and entrepreneurs. The government has offered several incentives in taxes and procedures in the budget 2021-2022 to encourage IT exports.

An official announcement said that Mr. Dawood also briefed the premier on the strategy for the forthcoming visit to the rest of the Central Asian States, particularly Tajikistan, and the implications for investment and trade.

PM Khan welcomed the strengthening of trade relations with the Central Asian states and stressed that Pakistan has the potential to provide sea access to the entire region, including these states.

A 47% increase was witnessed in Pakistan’s information technology exports, going up to $1.9 billion from July-May in the fiscal year 2020-21, according to the data released by the state bank of Pakistan. The central bank data showed IT exports increased 59% year on year to $200 million in May.

Continue Reading

Tech

The Pioneer of Optics; Al-Hassan Ibn al-Haytham

Published

on

The contribution of Muslim Scientists.

The era which we are praising today is the product of the intellects of many millennium. Those are the gems of intellect that worked out at that time when there were no scientific resources. Those people have observed their surroundings and have produced resources for humanity. The intellectual Muslims have contributed to every field and their contributions are most valuable. Today all the advancements are based on the discoveries and inventions of ancient scientists both Muslims and Non-Muslims. Modern scientists are working and producing technological items that are also based on the ideas of ancient ones.

Al-Hassan Ibn al-Haytham of Basra is known to be the pioneer of Optics. He was the product of the Golden Age of Muslim Civilisation that was a creative time period and brought out many far-reaching advancements in the field of science, mathematics, and medicine. He was the greatest Muslim physicist and one of the greatest students of optics of all time. He was inspired by the works of other great philosophers and scientists who were before him such as Aristotle, Euclid, Al-Kindi, Banu Musa, Ibrahim Ibn Sinan, and Ibn Sahl. Ibna al-Haytham based his theories on the work of Greek physician Galen. He is the one who introduced the methods of verification, testing, and experimentation for the exploration of truth. He has written books as well and in one of his books he says: “If learning the truth is the scientist’s goal . . . then he must make himself the enemy of all that he reads.”

He was the person who has given the concept of how vision works. And he has written a book about the “Book of Optics” in which he has illustrated the eyes and optic nerves. He has drawn images of eyes which have been used by the modern scientist to understand and to produce lenses and other optics items. Al-Haytham used a dark chamber to explore the nature of light and vision. Through this experiment, he observed that light entering through a small hole would travel straight and would project an image onto the opposite wall. From this concept, modern cameras have been designed.

Today, if we can have different lenses and glasses to replace or improve our vision artificially and can capture our every moment, is all because of Al-Haytham. The world is grateful for all his contributions.


Continue Reading

Tech

Pakistan, China hold meeting to promote agri-forestry economy

Published

on

The third Science and Technology Exchange Conference on China-Pakistan Tropical Arid Non-wood Forest is being held both online and offline from November 26 to 28 in Zhengzhou, China, and Gwadar, Pakistan simultaneously.

The exchange conference aims to showcase achievements and research progress of both nations in the field of economic forestry. It also seeks to facilitate academic exchanges of woody medicinal herbs and active substances between China and Pakistan.

The event, co-hosted by the Chinese Society of Forestry (CSF) and Central South University of Forestry and Technology (CSUFT), drew over 220 officials, scholars, students and business representatives from both countries, China Economic Net (CEN) reported.

In 2021, to enhance the economic and ecological development of the China-Pakistan Economic Corridor (CPEC), CSUFT, China Overseas Port Holding Company (COPHC), and Yulin Holdings collaborated to establish an Engineering Research Center for Tropical Arid Non-wood Forest.

The center aims to showcase a green and sustainable development approach, focusing on the non-wood forest industry and its compatibility with ecological, economic, and social benefits in Gwadar.

During the review and discussion of the progress made over the past years, Zhang Baozhong, chairman of COPHC, introduced the impact of eco-economic forest construction on the business environment in Gwadar.

Focusing on the collection and utilization of germplasm resources of arid- and salt-tolerant and non-wood barren forests, the organizer invited experts to make special presentations on the research progress and development prospects of different plants, including Eucommia ulmoides, Elaeis guineensis, Moringa oleifera, and Hippophae rhamnoides.

The event is organized by Henan Agricultural University, Henan Forestry Society, Economic Forest Branch of CSF, COPHC and Yulin Holdings.

Continue Reading

Tech

China Unveils World’s Fastest Internet Backbone Network at 1.2 Terabits per Second

Published

on

China has stunned the world with its latest technological leap—unveiling the fastest internet service globally, clocking in at an astounding 1.2 terabits per second. This groundbreaking achievement emerged from China’s Future Internet Technology Infrastructure (FITI) project, a collaborative endeavor involving Tsinghua University, China Mobile, Huawei Technologies, and CERNET.com Corporation.

This cutting-edge “backbone network,” activated in July, spans a 3,000-kilometer fiber-optic network connecting Beijing, Wuhan, and Guangzhou. Surpassing predictions, this ultra-high-speed network defies industry standards, outpacing existing internet backbone networks globally, including the United States’ fifth-generation Internet2, which boasts a minimum speed of 400 gigabits per second.

Wu Jianping, the lead of the FITI project, emphasized the monumental impact of this accomplishment, positioning China to pioneer even faster internet technologies. Wang Lei, Vice President of Huawei Technologies, added a practical dimension, highlighting the network’s capability to transfer data equivalent to “150 high-definition films in just one second.”

This ambitious initiative extends beyond domestic realms, promising faster information transfers and potential national security enhancements, potentially reshaping industries and offering strategic advantages, including stock trading.

President Xi Jinping perceives this milestone as strategic, solidifying China’s stance as a “cyber power,” catalyzing the advancement of core internet technologies. While not posing a direct threat to the U.S., it could lay the groundwork for bandwidth-intensive Chinese enterprises.

Launched domestically on July 31, this network, powered by IPv6-only technology, aims to create an open research and test platform spanning 40 universities across 35 cities.

China’s unveiling of the world’s fastest internet backbone network elevates the nation to the forefront of internet technology, signaling wide-reaching implications far beyond national connectivity.

Continue Reading

Most Popular

English اردو