data

Senate committee presents data protection bill, reviews telecom sector updates – Trendy Blogger

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Senate committee presents data protection bill, reviews telecom sector updates – Trendy Blogger

Islamabad: The Senate Standing Committee on Information and Communications Technology, chaired by Senator Balwasha Muhammad Zai Khan, met today at Parliament House to deliberate on key issues, including the Personal Data Protection Bill, Starlink operations and the performance of the telecommunications enterprise. The committee discussed the ministry’s observations on the draft Personal Data Protection Bill, … Read more

Google integrates SandboxAQ’s AI models for advanced data analysis – Trendy Blogger

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Google integrates SandboxAQ’s AI models for advanced data analysis – Trendy Blogger

Quantum technology startup SandboxAQ announced Tuesday that its Large Quantum Models (LQMs) will be available on Google Cloud, marking the first time the company has offered its models on an external platform. The move allows organizations to use Google Cloud to develop and deploy LQMs, expanding SandboxAQ to a broader customer base. QMs are designed … Read more

Six Chinese companies face an EU complaint over data transfer – Trendy Blogger

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Six Chinese companies face an EU complaint over data transfer – Trendy Blogger

Austrian advocacy group Noyb filed a privacy complaint on Thursday against six Chinese companies, including TikTok, Shein and Xiaomi, alleging they are illegally sending EU user data to China. The group is seeking to impose fines of up to 4% of each company’s global revenue, and has filed six complaints in four European countries to … Read more

Most Gulf markets declined after US jobs data came stronger than expected – Trendy Blogger

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Most Gulf markets declined after US jobs data came stronger than expected – Trendy Blogger

Most stock markets in the Gulf fell on Sunday after stronger-than-expected US jobs data, strengthening expectations that the Federal Reserve (the US central bank) will likely keep interest rates high for a longer period than many traders are betting on. The Federal Reserve Bank’s decisions have a significant impact on monetary policy in the Gulf … Read more

61% of Pakistani companies rank data protection as their top IT concern – Trendy Blogger

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61% of Pakistani companies rank data protection as their top IT concern – Trendy Blogger

Data protection has emerged as the number one IT security challenge faced by Pakistani companies, according to the latest Kaspersky IT Security Economic Report. The annual report, which tracks trends in IT security budgets, breaches, and decision-making challenges, surveyed IT professionals in 27 countries, including Pakistan. The report revealed that 61% of Pakistani companies prioritize … Read more

Microsoft bolsters US leadership in artificial intelligence with $80 billion data center funding – Trendy Blogger

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Microsoft bolsters US leadership in artificial intelligence with billion data center funding – Trendy Blogger

Microsoft plans to invest nearly $80 billion in fiscal year 2025 to expand its data centers to train artificial intelligence (AI) models and deploy AI and cloud-based applications, the company announced in a blog post on Friday. The increase in AI investments follows OpenAI’s launch of ChatGPT in 2022, which spurred demand for integrating AI … Read more

The Pakistani Single Window integrates seven major government agencies to simplify business data – Trendy Blogger

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The Pakistani Single Window integrates seven major government agencies to simplify business data – Trendy Blogger

The Pakistan Single Window (PSW) has integrated seven key government organisations, including provincial revenue authorities and the Drug Regulatory Authority of Pakistan (DRAP), to enhance data sharing during import and export clearance processes. According to Order SRO.2076(I)/2024 of the Federal Board of Revenue (FBR), the integration applies retroactively as of July 1, 2024, to reporting … Read more

Meezan Bank reassures its customers of data security amid an alleged “hack”. – Trendy Blogger

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Meezan Bank reassures its customers of data security amid an alleged “hack”. – Trendy Blogger

Meezan Bank has strongly denied allegations of a data breach following reports of unauthorized transactions on customers’ debit and credit cards circulating on social media. In an advisory to customers issued on Thursday, the bank reassured its customers that their data was “completely secure”, stressing that “there has been no security breach whatsoever”. The advisory … Read more

FBR has been enabled to link income tax data with banks under the new tax law amendments – Trendy Blogger

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FBR has been enabled to link income tax data with banks under the new tax law amendments – Trendy Blogger

Under the Taxation Laws (Amendment) Bill, 2024, the Federal Board of Revenue (FBR) will now share income tax return data with banks for cross-matching with bank records. This step aims to tighten compliance and reduce tax evasion by implementing restrictions on the economic activities of non-filers. The bill defines two categories: “qualified persons,” who have … Read more

FBR involves real-time machine-to-machine data integration with NADRA – Trendy Blogger

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FBR has been enabled to link income tax data with banks under the new tax law amendments – Trendy Blogger

The Federal Board of Revenue (FBR) has established real-time machine-to-machine data integration with NADRA and also created a link to other key organizations that maintain data on financial transactions. FBR has drafted a report on Broadening the Tax Base (2023-24). According to the report, FBR used technology and data analytics with continuous monitoring through dashboards. … Read more