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Google offers 15,000 scholarships to Pakistani youth annually

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  • Scholarships to revolutionise Pakistan’s high potential IT sector.
  • Senator Afanullah Khan says “American tech giant wants to invest $3.5 million in Pakistan.”
  • Says sale of 5G licence would bring in billions of dollars in foreign exchange.

US-based global tech company Google has offered the provision of 15,000 scholarships per year to competent youth from Pakistan, aiming to revolutionise the country’s high potential IT sector, The News reported

“The American tech giant wants to invest $3.5 million in Pakistan,” said Senator Dr Afnanullah Khan, a member of the Senate’s Standing Committee on Information Technology (IT).

He said similarly, that the sale of 5G licence would bring in billions of dollars in foreign exchange, while heavy venture capital investment would also be made in the private sector. “With modest planning, Pakistan’s IT exports can easily be increased to $10 billion in the next few years,” the senator said.

He also shared that South Korea had allocated a loan of $1 billion for Pakistan’s information technology sector at an interest rate of 0.1 percent only.

“There are many areas in IT that Pakistan can focus on to emerge as an IT power in the region very soon.”

The senator further said he was trying to bring revolution in the IT sector in the country along with the government as well as individually. “I want to use my higher education in the field of information technology for the benefit of the country.”

Senator Khan has a PhD in Information Technology from Oxford University and has experience in completing IT projects worth hundreds of millions of dollars. He said the leadership of PML-N were aware of the plight of Pakistani people and wanted Pakistan to develop more in the IT sector because compared to any other sector investment in the IT sector paid off very quickly.

He said that the export of IT manpower to a country like Japan was also an important project that was currently underway. “Therefore, every effort will be made to increase the focus of the government on this sector so that the obstacles in the way of foreign investment can be removed,” he added.

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Maj. Jamal Sheeran gave his life as one of the Immortal Martyrs in defence of the homeland

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Major Jamal Sheeran Shaheed, a Balochstani, gave his life while serving to defend the homeland from terrorists’ hateful plans.

July 17, 2017, marked the acceptance of martyrdom by Major Jamal Sheeran Baloch.

In the Kech District of Balochistan, he was from Turbat Area.

The martyr’s family, as well as officers and troops from FC Balochistan and the Pakistan Army, paid tribute to the martyr’s heroic sacrifice by reciting Fatiha and laying flower wreaths.

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Entertainment

Resham replies to criticism about her charitable activity, saying, “Let Allah decide.”

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Resham addressed her haters in an interview, refuting their claims that she uses money obtained illegally to support charitable causes.

Apart from her exceptional acting abilities, Resham is also renowned for her empathy.

Her significant charitable activities are well known.

Online criticism has been directed at Resham, despite her commendable attempts to promote poor areas.

Nevertheless, she decides to keep an optimistic outlook and is unmoved by the disparaging remarks.

“People on social media say all kinds of things, like she’s making food for charity out of ill-gotten money,” the woman said in response to the criticism. “But I say, let Allah decide.”

Regardless of the doubts she faces, her steadfast faith and fortitude enable her to carry on her charitable activities.

Resham has been cooking and giving food to the underprivileged for the past 20 years on her own.

In order to underscore the duration of her dedication, she said, “This has been going on continuously for the past six years, all 12 months.”

Her declaration demonstrates her steadfast support for the less fortunate and emphasises her continuous commitment to charitable activity.

Her supporters encouraged Resham to keep doing her good deeds and expressed gratitude for her charity endeavours.

That’s the cruellest remark, someone said. Do not let such hurtful remarks get to Resham’s feelings.

You are an amazing person, and Allah will bless you for all of your good deeds.

“Your work is much appreciated. It is the people of this globe that you are considering.

Another said, “No matter what one does, people will always criticise.” Other than that, they are unemployed. Resham, you’re doing amazing. Allah is indeed more knowledgeable.

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Business

Moody’s says the IMF programme will increase Pakistan’s foreign financing.

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Moody’s, a reputable international rating agency, has stated that Pakistan’s chances of acquiring funding will increase as a result of the recent agreement with the International Monetary Fund (IMF), which offers dependable sources for that purpose from both friendly countries and international financial institutions.

According to a recent Moody’s analysis on Pakistan’s economy, social unrest and tensions could result from Pakistan’s ongoing inflation. The country’s economic reforms may be hampered by increased taxes and potential changes to the energy tariff, it continued.

Moody’s, on the other hand, agrees that the coalition government headed by Shehbaz Sharif of the PML-N is in danger of failing to secure an election mandate, which may potentially undermine the successful and long-lasting execution of economic reforms.

The government’s capacity to proceed with economic changes may be hampered by societal unrest and poor governance, according to Moody’s.

In order to appease the IMF by fulfilling a prerequisite for authorising a rescue package, the government raised the basic tariff on electricity, which coincided with the most recent increase in fuel prices announced on Monday. This report was released by Moody’s.

Food costs have increased in the nation, where the vast majority is experiencing an unprecedented crisis due to the high cost of living, following the government’s earlier presentation of a budget that included a large increase in income tax for the salaried classes and the implementation of GST on commodities like milk.

The most recent comments were made following Islamabad’s achievement of a staff-level agreement for a $7 billion contract that spans 37 months and is contingent upon final approval by the IMF Executive Board.

It states that Pakistan will need foreign financing totaling about $21 billion in 2024–2025 and $23 billion in 2025–2026, meaning that the country’s present $9.4 billion in reserves won’t be sufficient to cover its needs.

Therefore, according to Moody’s, Pakistan is in an alarming position with regard to its external debt, and the next three to five years will be extremely difficult for the formulation and implementation of policies.

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