In the 80s and 90s, last century, the world lived in age of personal computing and this computing extended to around 20 years. In 1999, Kevin Ashton was the first person who used the term Internet of Things (ioT). He referred the IoT as uniquely identifiable connected objects with radio-frequency identification (RFID) technology. IoT examines the interconnection of devices within the existing Internet infrastructure. IoT is expected to offer advanced connectivity of devices, systems, and services that goes beyond machine-to-machine communications (M2M) and looks at a variety of protocols, domains, and applications. Some of the examples of IoT devices are…
Author: Khurram Adeel Shaikh
The Asian Development Bank (ADB), in its latest report, has projected the economic growth rate of Pakistan at 2.8%; which is the lowest in South Asia. Whereas the inflation rate would be 12%; which is highest in the block of eight nations. Pakistan’s Gross Domestic Product (GDP) growth slowed as economic policies to address the twin deficits took effect. In fiscal year 2018-19, the growth slowed to 3.3 percent; i.e. a 2.2 percentage points decline compared to the previous year, due to the stabilization measures undertaken by the government. Over the past year, the exchange rate was allowed to depreciate,…
For many Pakistanis, the Turkmenistan-Afghanistan-Pakistan-India (TAPI) gas pipeline is mere a dream. However this project is vital for Pakistan and India; as both are facing acute energy shortage crises. Its starting point is in Turkmenistan, passes Afghanistan and then reaches to Pakistan and India. It is also known as Trans-Afghanistan Pipeline, is a natural gas pipeline being developed by the Galkynysh – TAPI Pipeline Company Limited with participation of the Asian Development Bank. The pipeline will transport natural gas from the Galkynysh Gas field in Turkmenistan through Afghanistan into Pakistan and then to India. The original project started on March…
In July, Pakistan went to International Monetary Fund (IMF) for a bailout package. There is a general perception that the momentum of CPEC projects are slowing down due to the concerns over the size of Pakistan’s debt and struggling economy. China’s ability to pull 800 million people out of poverty in four decades through economic reforms has presented a compelling model for Pakistan to follow. However, given a tough series of IMF-induced measures for stabilization, economic growth in Pakistan seems to have slowed down even more. Keeping in view the fact that Pakistan is the first key destination for the…
Pakistan holds huge prospects and opportunities for FMCG sector Global conditions continued to improve for consumers as this year was though consumer sentiment didn’t rise unilaterally and several countries saw dips in consumer confidence, with the largest drops coming from emerging market economies. From a global perspective, conditions and prospects for the remainder of the year appear largely positive. In the first quarter of the year, confidence grew across Western Europe, the economic recovery in Latin America looks promising in a number of key markets, dollar sales of fast-moving consumer goods (FMCG) in North America performed well, and population growth…
Robotics are expected to change logistics industry in year 2020 & beyond. By the end of 2018 , around 40% of 200 leading e-commerce and Omni-Channel companies have deployed robotics systems in their “Order Fulfilment, Warehousing and Delivery Operations”. Currently the Logistics Robots Market Size is around $4.00 billion. Whereas the Market Growth 21.0%. By 2026, Logistics Robots Market would reach up to $18.58 billion. Few years ago Amazon’s acquisition of Kiva Systems robotics (re-named as Amazon Robotics), has transformed the whole robotic logistics scenario. Amazon is using Robots in logistics and other functions in warehouses such as packing and…