Business
Pakistan targets $15 billion in IT exports by 2030 | The Express Tribune
IT minister says Rinova AI-RCM Matter deal to bring AI medical billing, create thousands of skilled jobs in Pakistan
Minister for Information Technology and Telecom, Shaza Fatima Khawaja, said Pakistan has witnessed a 25 percent growth in IT exports, and the government aims to maintain this momentum to achieve an export target of $15 billion by 2030.
“Government is working to boost a technology-driven and knowledge-based economy under the concept of a True Digital Pakistan,” the IT minister said, while addressing a signing ceremony between Rinova AI and RCM Matter. The agreement between the two companies aims to bring AI-enabled medical billing to Pakistan and create thousands of skilled jobs that strengthen the country’s digital economy.
Shaza highlighted the contribution of private-sector IT companies to the economy and said the government is focusing on two priorities: supporting the private sector to position Pakistan as a tech destination, and transforming the country into a digital nation.
“The government is training half a million human resources annually at no cost, with a focus on demand-driven training,” she said. She added that a roadmap for True Digital Pakistan has been developed, and a commission led by Prime Minister Shahbaz Sharif is ensuring data access for both government and private sectors.
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“Data will be made available for technology-driven private sector initiatives,” she said. She also highlighted that Pakistan has approved a national AI policy to facilitate patenting of AI products, and that data centers and cloud infrastructure are available locally. The government is establishing Centres of Excellence at universities to train IT professionals, she added.
During the ceremony, Edge Co-Founder Iffi Wahla announced plans to scale up investment from $17 million to $50 million over the next eighteen months, providing employment for more than 1,000 people in Pakistan.
Edge CEO Iffi Wahla said the company will provide more than 1,000 jobs in the next 18 months, with a minimum salary benchmark of Rs350,000. He described Rinova AI as an advanced tool to grow the medical billing industry. RCM Matter CEO Mudassar Hanif said the partnership represents a positive step for growth in the healthcare sector and will create 1,000 jobs in the coming months.
Business
Govt keeps petrol, diesel prices unchanged for coming fortnight – SUCH TV
The government on Thursday kept petrol and high-speed diesel (HSD) prices unchanged at Rs253.17 per litre and Rs257.08 per litre respectively, for the coming fortnight, starting from January 16.
This decision was notified in a press release issued by the Petroleum Division.
Earlier, it was expected that the prices of all petroleum products would go down by up to Rs4.50 per litre (over 1pc each) today in view of variation in the international market.
Petrol is primarily used in private transport, small vehicles, rickshaws, and two-wheelers, and directly impacts the budgets of the middle and lower-middle classes.
Meanwhile, most of the transport sector runs on HSD. Its price is considered inflationary, as it is mostly used in heavy transport vehicles, trains, and agricultural engines such as trucks, buses, tractors, tube wells, and threshers, and particularly adds to the prices of vegetables and other eatables.
The government is currently charging about Rs100 per litre on petrol and about Rs97 per litre on diesel.
Business
Serial rail fare evader faces jail over 112 unpaid tickets
One of Britain’s most prolific rail fare dodgers could face jail after admitting dozens of travel offences.
Charles Brohiri, 29, pleaded guilty to travelling without buying a ticket a total of 112 times over a two-year period, Westminster Magistrates’ Court heard.
He could be ordered to pay more than £18,000 in unpaid fares and legal costs, the court was told.
He will be sentenced next month.
District Judge Nina Tempia warned Brohiri “could face a custodial sentence because of the number of offences he has committed”.
He pleaded guilty to 76 offences on Thursday.
It came after he was convicted in his absence of 36 charges at a previous hearing.
During Thursday’s hearing, Judge Tempia dismissed a bid by Brohiri’s lawyers to have the 36 convictions overturned.
They had argued the prosecutions were unlawful because they had not been brought by a qualified legal professional.
But Judge Tempia rejected the argument, saying there had been “no abuse of this court’s process”.
Business
JSW Likely To Launch Jetour T2 SUV In India This Year: Reports
JSW Jetour T2 Launch: JSW Motors Limited, the passenger vehicle arm of the JSW Group, is reportedly preparing to enter the Indian car market this year. It has partnered with Jetour, a China-based automotive brand owned by Chery Automobile, and the Jetour T2 SUV could be the company’s first product, according to the reports.
Media reports suggest that the launch will happen independently and not under the JSW MG Motor India joint venture. The SUV will wear a JSW badge and name, instead of the Jetour branding. The upcoming SUV will be assembled at JSW’s upcoming greenfield manufacturing facility in Chhatrapati Sambhaji Nagar, Maharashtra.
According to the reports, the company plans to have the vehicle on sale by the third quarter of this year. With this move, JSW aims to establish itself as a standalone carmaker in India.
Expected Powertrain
The SUV is likely to arrive with a 1.5-litre plug-in hybrid setup. Internationally, this hybrid powertrain is offered with both front-wheel drive and all-wheel drive options. It is still unclear which version will be introduced in India.
Design
In terms of design, the T2 is a large and rugged-looking SUV. It has a boxy and upright stance, similar to vehicles like the Land Rover Defender. Despite its tough appearance, it uses a monocoque chassis instead of a ladder-frame construction.
Size
The SUV measures around 4.7 metres in length and nearly 2 metres in width. This makes it larger than the Tata Safari, even though it is a five-seater. A longer 7-seat version is also sold in some markets.
Price
Pricing details for India are yet to be announced. For reference, the front-wheel-drive five-seat T2 i-DM is priced at AED 1,44,000 (around Rs 35 lakh) in the UAE.
Jetour
Jetour is a brand owned by Chinese automaker Chery. Launched in 2018, it focuses mainly on SUVs and is present in markets across China, the Middle East, Africa, Southeast Asia and Latin America.
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