Pakistani firm partners with UAE’s NymCard to promote fintech innovation in MENAP

The photo shows Shiraz Ali (L), CBO, NymCard and Ibrahim Amin, Chairman, Dellsons at the Dubai Fintech Summit. (Photo Courtesy: NymCard)
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Updated 15 May 2024
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Pakistani firm partners with UAE’s NymCard to promote fintech innovation in MENAP

  • Dellsons Associates is a Pakistani consultancy firm while Nymcard is a UAE-based financial services provider
  • Dellsons to act as a partner agent and refer new business opportunities to Nymcard, says press release

ISLAMABAD: Pakistani financial consultancy firm Dellsons Associates has partnered with NymCard, a leading financial services provider in the UAE, to promote innovation in the fintech landscape and empower businesses in Pakistan and the Middle East, Nymcard said on Wednesday. 

NymCard is a leading provider of end-to-end embedded finance solutions, simplifying payments with its modern platform since 2018. It empowers businesses of all sizes to launch new payment products quickly, including prepaid cards, multi-currency offerings and credit cards.

Dellsons Associates is a leading provider of strategic banking consultancy, training, conferences, event management, IT services, and more, its website says. 

The partnership between the two entities was signed at the Dubai Fintech Summit, a press statement from NymCard said, adding that the strategic alliance would synergize NymCard’s cutting-edge technology with Dellsons’ regional expertise and industry connections in the financial and banking sectors. 

“We are excited to partner with Dellsons Associates, believing the synergies from this collaboration would catalyze cross-regional expansion for both institutions,” Shiraz Ali, the chief business officer at NymCard, was quoted as saying in the press release. 

The press release said Dellsons would act as a partner agent and refer new business opportunities to NymCard, focusing on the fintech and banking sectors in the UAE and Pakistan. It said the partnership would create a powerful alliance to “revolutionize the financial services landscape.”

Dellsons Associates Chairman Ibrahim Amin said his firm was working in Pakistan and the Middle East to promote fintech innovation, financial inclusion, and digitization of cross-border channels of remittances to facilitate different states. 

“Our key objective is to bring social and economic development through technological solutions, collaborations with emerging players, and networking with communities in Pakistan, the UAE, and different countries of the Middle East and South Asia,” Amin was quoted as saying by the press release. 


Third batch of 26 Palestinian students arrives in Pakistan to resume medical studies

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Third batch of 26 Palestinian students arrives in Pakistan to resume medical studies

  • Islamabad announced in July that the Pakistan Medical and Dental Council (PMDC) will provide scholarships to more than 100 Palestinian students
  • These Palestinian students will return after completing their medical education in Pakistan to serve people at home, a Pakistani health official says

ISLAMABAD: A third batch of 26 Palestinian students has arrived in the Pakistani capital of Islamabad to continue their studies in the fields of medicine and dentistry, the Pakistani health ministry said on Friday.
Pakistan’s foreign ministry announced in July that the Pakistan Medical and Dental Council (PMDC) will provide scholarships to over 100 Palestinian students so that they can continue their studies in Pakistan.
The initiative, which came amid Israel’s war on Palestine, is a collaboration between Doctors of Rehman, Global Relief Trust and a leading Pakistani non-governmental organization, Al-Khidmat Foundation.
Pakistan prime minister’s coordinator on health, Dr. Mukhtar Ahmed Bharath, warmly welcomed the Palestinian students upon arrival at the Islamabad airport, according to the Pakistani health ministry.
“Prime Minister Muhammad Shehbaz Sharif had offered Palestinian medical students to continue their studies in Pakistan in view of the current situation in Gaza,” Dr. Bharath was quoted as saying by the ministry.
“[They] will continue their medical and dental education in various medical institutions of Pakistan.”
More than 42,000 Palestinians have so far been killed in Israel’s war on Gaza, according to the Palestinian health authorities. The war began after Hamas attacked Israel on October 7, 2023, killing nearly 1,200 and capturing around 200 others.
“All necessary steps will be taken to provide medical facilities to Palestinian students,” Dr. Bharath said. “[Pakistan] stands with the Palestinian students in this difficult time.”
These Palestinian students would return after completing their medical education in Pakistan to serve people at home, he added.
More than 90 Palestinian students arrived in Pakistan earlier this week via two separate flights to continue their medical studies in the country.
Pakistan does not recognize nor have diplomatic relations with Israel and calls for an independent Palestinian state based on “internationally agreed parameters” and the pre-1967 borders with Al-Quds Al-Sharif as its capital.
Since the beginning of Israel’s war on Gaza, Pakistan has repeatedly raised the issue at the United Nations, the Organization of Islamic Cooperation (OIC) and other multilateral platforms and demanded international powers and bodies stop Israeli military actions in Gaza.
The South Asian country has also dispatched several aid consignments for the Palestinians.


India foreign minister’s Pakistan visit a ‘good beginning’, Nawaz Sharif says

Updated 18 October 2024
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India foreign minister’s Pakistan visit a ‘good beginning’, Nawaz Sharif says

  • Indian Foreign Minister Subrahmanyam Jaishankar was in Pakistan for a meeting of the Shanghai Cooperation Organization
  • Jaishankar and his counterpart Ishaq Dar had an ‘informal interaction,’ an official in Pakistani foreign ministry said on Thursday

MUMBAI: The visit of India’s foreign minister to Pakistan earlier this week was a “good beginning” that could lead to a thaw in relations between the two rivals, former Pakistan Prime Minister Nawaz Sharif was quoted as saying by Indian media on Friday.
Indian Foreign Minister Subrahmanyam Jaishankar was in Pakistan on Tuesday and Wednesday for a meeting of governments of the Shanghai Cooperation Organization, with the capital city under tight lockdown.
“This is how talks move forward. Talks should not stop,” Sharif, the president of the ruling Pakistan Muslim League — Nawaz (PML-N), and the brother of Prime Minister Shehbaz Sharif, told a group of visiting Indian journalists, the Indian Express newspaper reported.
Jaishankar was among nearly a dozen leaders participating in the gathering in Islamabad, nearly a decade since an Indian foreign minister has visited amid frosty relations between the two nuclear powers.
Jaishankar and his counterpart Ishaq Dar had an “informal interaction,” an official in Pakistani foreign ministry said on Thursday, but New Delhi denied that any sort of meeting had taken place.
“We had made it very clear that this particular visit is for SCO head of government meeting. Other than that, there were some pleasantries exchanged on the sidelines of the meeting,” Indian foreign ministry spokesperson Randhir Jaiswal said on Thursday.
“We have lost the last 75 years and it is important we don’t lose the next 75 years,” Sharif was quoted as saying in the Times of India newspaper.


Pakistan’s first multi-mission communication satellite becomes operational

Updated 18 October 2024
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Pakistan’s first multi-mission communication satellite becomes operational

  • PAKSAT MM1 to aid in South Asian nation’s space and digital development
  • The satellite will usher in digital era by providing Internet to remote areas

ISLAMABAD: Pakistan’s first multi-mission communication satellite, PAKSAT MM1, is now fully operational, state media reported on Thursday, describing the move as a significant milestone in the country’s space and digital development.
In May, Pakistan launched the PAKSAT MM1 with Chinese assistance into space from China’s Xichang Satellite Launch Center, in a ceremony broadcast live by the Pakistan Space and Upper Atmosphere Research Commission (SUPARCO), the country’s national space agency.
The satellite has been conceived keeping in view the growing needs of the South Asian country in the broad spectrum of communication and connectivity.
“The success of PAKSAT-MM1 will transform Pakistan’s communication infrastructure, which will benefit various IT sectors,” the Radio Pakistan broadcaster reported.
“The satellite will provide services such as television broadcasting, community Internet, and tele-education to promote local industries.”
Pakistan’s ranking has improved by 14 points in the United Nations E-Governance Development Index — a comprehensive assessment tool that evaluates the digital government landscape across all UN member states — according to the state broadcaster.
The country now stands at 136 in overall ranking which was at 150 in 2022.
“This satellite will also increase Internet connectivity in remote areas which will further the government’s vision of Digital Pakistan,” the report read.


UNESCO adopts Pakistan-led resolution on countering disinformation globally

Updated 18 October 2024
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UNESCO adopts Pakistan-led resolution on countering disinformation globally

  • The development comes amid student protests in Pakistan’s most populous Punjab province over reports of a rape on a women’s college campus
  • Authorities say no victim has come forward and blame online misinformation for unrest, but the protests have since spread to other cities in Punjab

ISLAMABAD: The United Nations Educational, Scientific and Cultural Organization (UNESCO) has adopted a Pakistan-led resolution on countering disinformation, the Pakistani embassy in France said on Thursday.
The resolution titled, “Countering Disinformation for the Promotion and Protection of Freedom of Expression and Access to Information,” was co-sponsored by more than 50 member states and was unanimously adopted at the 220th session of the UNESCO executive board in Paris.
Pakistan took this initiative against the backdrop of proliferation and intensification of disinformation, misinformation and hate speech around the world, according to the Pakistani embassy in France.
“Disinformation is one of the most pressing challenges of our time, which is exacerbated by the rapid evolution of digital platforms and communication technologies,” it said in a statement.
“This resolution is the first of its kind at UNESCO specifically focusing on countering disinformation, misinformation and hate speech through the platform of UNESCO building on UNESCO’s activities and related decisions adopted by the UN General Assembly and the Human Rights Council where Pakistan has also been in the lead.”
Pakistan’s ambassador and permanent delegate, Asim Iftikhar Ahmad, thanked all member states for their invaluable inputs and support leading to consensus adoption of the text that put UNESCO at the center of a multi-dimensional and multi-stakeholder approach to counter disinformation, misinformation and hate speech for effective promotion and protection of freedom of expression and access to information as the lead UN agency mandated in the field.
Speaking on the occasion, delegates said the increasing threat posed by disinformation was a shared concern that needed to be addressed through close coordination and collective efforts of member states and all stakeholders, according to the embassy.
An outcome of broad-based and extensive consultations, the resolution called on the UNESCO director-general to provide an update on the initiatives undertaken by UN agency to counter disinformation on digital platforms and to present a report on how to make UNESCO’s role more effective in countering disinformation, misinformation and hate speech.
The executive board is one of the constitutional governing organs of UNESCO entrusted with the responsibility of preparing the agenda of the general conference and examining the program of work of UNESCO and its budget. Pakistan is currently vice president from the Asia-Pacific at the board.
The development comes amid widespread student protests in Pakistan’s most populous Punjab province over reports of a rape on a women’s college campus in Lahore last week.
The police, college and provincial government have said that no victim has come forward and blamed online misinformation for the unrest, but the protests have since spread to other cities in the province.


Two Pakistani startups among 23 selected from Asia-Pacific for Google’s AI Academy

Updated 18 October 2024
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Two Pakistani startups among 23 selected from Asia-Pacific for Google’s AI Academy

  • Pakistani startups AdalFi and Adlytic AI are among companies from India, Korea, Japan, Singapore and Malaysia selected for academy
  • Google launched AI Academy in August this year to aid the growth of artificial intelligence startups in Pakistan and Asia-Pacific

ISLAMABAD: Two Pakistani start-ups have been selected among 23 companies from the Asia-Pacific (APAC) region to participate in Google’s first-ever Artificial Intelligence (AI) Academy in the region, the search engine giant said on Thursday, with the move intended to enhance the companies’ AI solutions and accelerate business development.
The AI program kicked off earlier this week in a three-day boot camp in Singapore with Pakistan start-ups AdalFi and Adlytic AI among other companies from India, Korea, Japan, Indonesia, Singapore and Malaysia taking part.
These start-ups will receive over 170 hours of mentorship from AI and Cloud experts, up to $350,000 in Google Cloud credits apart from opportunities to connect with AI innovators across the APAC region, Google said.
“Two innovative startups from Pakistan are among the 23 chosen from across the Asia-Pacific (APAC) to participate in Google’s first-ever AI Academy in the region,” Google said in a press release.
Google launched the AI Academy in August to aid the growth of artificial intelligence startups in Pakistan and the Asia-Pacific. The move was aimed at sparking new cross-border innovations and partnerships that would allow the exchange of ideas, expertise, and resources to accelerate the development of AI solutions, helping the APAC region become a “global hub” for AI development.
The statement said these startups were pushing the boundaries of AI innovation in Pakistan and contributing to the region’s vibrant AI ecosystem.
“Pakistani startup AdalFi is increasing access to financial services with its AI-powered credit scoring system, promoting financial inclusivity for millions of individuals and small businesses,” it added. “Adlytic AI is enhancing retail analytics by transforming CCTV cameras into intelligent tools for businesses, helping retailers better use visual and geospatial data to grow their business.”
Head of Google for startups, Micheal Kim, expressed excitement at Google kicking off its first-ever AI Academy in the Asia Pacific region. 
“AI has the potential to be an incredible force multiplier, and it’s incredible to see these 23 startups harnessing AI’s potential to impact some tough challenges, ranging from addressing underserved sectors, like expanding access to financial services and health care, to building AI collaborators for lawyers, democratizing influencer marketing with AI-generated avatars,” he said.
“Through this program, we hope to foster a wave of innovation that will have a ripple effect across the entire Asia-Pacific region.”
All the participating start-ups will be showcasing their “refined AI solutions” to investors, entrepreneurs and AI industry leaders in December later this year on the Ai Academy’s Graduation Day, the press release said.