Author: newsupdatetimes

Why ethics must be at the heart of AI Lahore (Muhammad Yasir) Artificial Intelligence (AI) and machine learning (ML) are more than trendy or futuristic topics – they are real computing advances that are playing out in homes and businesses today in Pakistan and the rest of the region. While it’s said that 90% of future jobs will need some level of digital literacy – augmented reality alone currently valued at $2 billion is expected to grow to $200 billion in the next two years. Adding to this, according to Gartner Inc., in 2020 AI will become a positive net…

Karachi (Muhammad Yasir) The Karachi School of Business and Leadership (KSBL) conferred degrees to the batch of MBA 2019 at the 5th Commencement Ceremony, held at the KSBL campus. The commencement event was opened by the Founding Chairman of KSBL Mr. Hussain Dawood. The keynote speaker for the ceremony was Chairman SECP Mr. Aamir Khan. The Founding Chairman of KSBL, Mr. Hussain Dawood in his address to the graduating students said, “At KSBL we endeavor to train people to effectively manage scarce resources honorably and sustainably. Resources are the strength of an economy, and effective utilization of resources adds to…

Audit and AI – tentative first steps to improve audit quality and efficiency Lahore (Muhammad Yasir) The audit profession is still at the very early stages of introducing artificial intelligence, but should guard against full implementation, reveals ACCA and CA ANZ’s Audit and Technology report. A survey of ACCA members and affiliates about their understanding of terms such as artificial intelligence (AI), machine learning (ML), natural language processing (NLP), data analytics and robotic process automation (RPA), revealed technology’s ability to renew processes that improve audit quality and increase efficiency. The report reveals how technology is also a catalyst that will…

Haleeb Foods supports Free-Education, donating Rs.3 from every liter pack Lahore (Muhammad Yasir)  Haleeb Foods one of the leading food and beverages company of Pakistan has now launched another social-development initiative, titled: “Donate to Educate – Agay Barhay Ga Pakistan”. In order to support Free of cost education for the underprivileged children, Haleeb has partnered with Master Ayub – a firefighter during the day, who has taken the noble responsibility of being a voluntary teacher in the evening. For the past 30 years, Master Ayub has been educating street kids, Free of Cost, by conducting a Park-School, in Islamabad. With…

Lahore (Muhammad Yasir)  “China is exemplary in the way it rapidly progresses in the information and communication technology (ICT) sector, and Huawei’s investment in developing ICT talent is enabling Pakistan to upgrade its information technology industry”. These thoughts were expressed by H.E. Naghmana Hashmi, Ambassador for Pakistan in China, during a speech at the award ceremony for Huawei’s Middle East ICT Competition 2019 at company headquarters in Shenzhen, China. Two teams from Pakistan participated in the final, earning second and third place. At the award ceremony, H.E. Hashmi stated: “In the futuristic era of digitalization, the importance of ICT cannot…

Institute Of Chartered Accountants of Pakistan Prepares To Kick Off the NFO 2019 Karachi (Muhammad Yasir) The Institute of Chartered Accountants of Pakistan (ICAP), in collaboration with Unilever Pakistan, is organizing National Finance Olympiad (NFO) for the fifth consecutive year. It is the flagship event of the Institute and is one of the biggest Finance Competitions in the country. The competition attracts finance professionals participating as teams, from industry, firms and educational institutes from across Pakistan and UAE. The competition is divided into three rounds spread over two weeks beginning with the Qualifying Round where teams attempt a 2-hour competitive…

First cohort of BS Economics and MS Journalism graduate (Muhammad Yasir – NUT Reported)  The Institute of Business Administration (IBA), Karachi held its annual convocation 2019 at the main campus to confer degrees to 926 graduates. The graduating batch included 673 undergraduate students from six programs, 252 postgraduate students from seven programs, and one PhD scholar. The Chief Guest of the ceremony was Advisor to the Prime Minister on Finance and Revenue Dr. Abdul Hafeez Shaikh. Minister for Food and Parliamentary Affairs, Mr. Nisar Ahmed Khuhro is ‘Pro chancellor all Public Universities and Advisor Universities and Boards – Government of…

Lahore (Muhammad Yasir) The ICT talent gap in the Middle East must be addressed by the public and private sectors, said ambassadors and academic chancellors from across the region during the recently held ICT Talent Education Summit roundtable. The high-level discussion was hosted as part of the final of the Huawei Middle East ICT Competition 2019, which has concluded at Huawei’s global headquarters in Shenzhen, China. As part of the Competition’s finale, China-based ambassadors and chancellors from the Middle East—representing the countries of participating students—gathered to assess the ICT sector in the region at present, and how to evolve it…

Karachi (Muhammad Yasir) The Institute of Business Administration, Karachi will hold its Annual Convocation on December 7, 2019 to confer degrees to the graduating batch of 926 students (673 undergraduates from six programs, 252 post graduates from eight programs, and one PhD candidate). The first batch of BS Economics and MS Journalism will graduate and enter the job market. The IBA is the first Institute to offer a specialized degree in Journalism. Eighty percent of the Institute’s current graduating batch has attained employment of their choice within 3 months of graduation. The Chief Guest of the ceremony will be Advisor…

60% of SMEs globally not supported to tackle bribery and corruption A new global survey by ACCA has revealed 60% believe there is insufficient guidance for SMEs to combat bribery and corruption. The research, commissioned by the Association of Chartered Certified Accountants (ACCA), has highlighted that of 932 cross-sector accountants surveyed, fewer than one in three believe there is enough support for small businesses to tackle bribery and corruption. In the professional accountancy body’s report Combating bribery in the SME sector, respondents outlined fears that procedures and policies and risk assessments are not always in place to help management…