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Punjab becomes first Pakistani province to move towards Web 3.0

Web Desk 08:57 PM | 28 Nov, 2022
Punjab becomes first Pakistani province to move towards Web 3.0

LAHORE – A special web portal (web3.punjab.gov.pk/) was launched on Monday for the registration of Web 3.0 contributors including researchers, scientists and IT industry experts. National and international companies working with Web 3.0 technology will also be able to submit their valuable feedback through the portal.

The portal was launched during the first meeting of the high-powered committee constituted by Punjab Chief Minister (CM) Chaudhry Parvez Elahi on Adoption of Web 3.0 in the province. The meeting, held at Arfa Software Technology Park (ASTP), was presided by Punjab Finance Minister Mohsin Leghari and Punjab Information Technology (IT) Minister Dr. Arslan Khalid.

The distinguished members of the committee including PITB Chairman Syed Bilal Haider, Policy and Domain Expert Dr. Hussain Nadim, ICT Industry Experts including Anooshay Shaigan, Sabina Zafar, Badar Khushnood and Faisal Chaudhry were present in the meeting. Others included NetSol CEO Salim Ghauri, Systems CEO Asif Pir, Techlogix CEO Salman Akhtar, STEPS CEO Umar Farooq, P@SHA Chairman Zohaib Khan, ITU VC Dr. Sarfraz Khurshid, representatives from SBP, NBP, BOP, FBR, SECP and PITB DG e-Governance Sajid Latif.

Expressing his views on the occasion, Punjab Finance Minister Mohsin Leghari said that the complete adoption of Web 3.0 will create job opportunities leading to economic growth and rise in GDP. “Tourism, Education, Government services, Retail and Real Estate will be the main beneficiaries of the new technology,” he added.

Punjab IT Minister Dr. Arslan Khalid remarked that the technologies like Blockchain, Artificial Intelligence, Machine learning etc. are the backbone of Web 3.0 and afford more personalization and security to internet users around the globe.

“Adoption of Web 3.0 in the province will facilitate more interactivity between different users and websites enabling them to access content from multiple sources at the same time, without having to leave the website they are surfing at any point in time,” he added.

PITB Chairman Syed Bilal Haider was very optimistic about the development and stated, “Web 3.0 will enable PITB to buy lounges in Metaverse to hold meetings/sign agreements. Citizens would be able to use Metaverse to interact with the government.” He further said that with the support of SBP in adopting the Web 3 ecosystem, payments could also be made in the form of NFTs.

PITB DG e-Governance Sajid Latif gave a comprehensive presentation on TORs, constitution of sub-committees, proposal for addition of co-opted members, tentative roadmap and a brief introduction of Web 3.0 portal.  

Under Web 3.0, avenues in ‘new economy’, ‘tech R&D’ will be explored and a pool of new talent will be created that can be part of the Web 3.0 ecosystem.

Web 3.0 is the third iteration of internet that combines technologies like Blockchain, Augmented Reality (AR), Virtual Reality (VR), Cloud, Edge, Internet of Things (IoT), Geolocation tech & 5G etc. The underlying Blockchain technology provides virtually foolproof data security.

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Daily Pakistan Global Web Desk

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KARACHI - Following are the foreign currency exchange rates for US Dollar, Saudi Riyal, UK Pound Sterling, U.A.E. Dirham, European Euro, and other foreign currencies in Pakistan open market on February 03, 2023 (Friday).

Source: Forex Association of Pakistan. (last update 09:00 AM)

Currency Symbol Buying Selling
US Dollar ‎USD 271.1 271.6
Euro EUR 298.27 298.87
UK Pound Sterling GBP 335.5 336.2
U.A.E Dirham AED 73.03 73.33
Saudi Riyal SAR 71.49 71.80
Australian Dollar AUD 188.9 191.3
Bahrain Dinar BHD 712.73 720.73
Canadian Dollar CAD 200.95 203.15
China Yuan CNY 39.67 40.07
Danish Krone DKK 39.11 39.51
Hong Kong Dollar HKD 34.19 34.54
Indian Rupee INR 3.28 3.39
Japanese Yen JPY 2.5 2.54
Kuwaiti Dinar KWD 877.76 886.76
Malaysian Ringgit MYR 62.83 63.43
New Zealand Dollar NZD 173.25 175.25
Norwegians Krone NOK 26.76 27.09
Omani Riyal OMR 696.08 704.08
Qatari Riyal ‎QAR 73.62 74.32
Singapore Dollar SGD 204 206
Swedish Korona SEK 25.61 25.91
Swiss Franc CHF 291.69 294.19
Thai Bhat THB 8.15 8.3

KARACHI – The price of a single tola of 24-karat gold in Pakistan is Rs 212,900 on Friday. The price of 10 grams of 24k gold was recorded at Rs182,530.

Likewise, 10 grams of 22k gold were being traded for Rs167,318 while a single tola of 22-karat gold was being sold at Rs 195,157.

Note: The gold rate in Pakistan is fluctuating according to the international market so the price is never been fixed. The below rates are provided by local gold markets and Sarafa Markets of different cities.

City Gold Silver
Lahore PKR 212,900 PKR 2,420
Karachi PKR 212,900 PKR 2,420
Islamabad PKR 212,900 PKR 2,420
Peshawar PKR 212,900 PKR 2,420
Quetta PKR 212,900 PKR 2,420
Sialkot PKR 212,900 PKR 2,420
Attock PKR 212,900 PKR 2,420
Gujranwala PKR 212,900 PKR 2,420
Jehlum PKR 212,900 PKR 2,420
Multan PKR 212,900 PKR 2,420
Bahawalpur PKR 212,900 PKR 2,420
Gujrat PKR 212,900 PKR 2,420
Nawabshah PKR 212,900 PKR 2,420
Chakwal PKR 212,900 PKR 2,420
Hyderabad PKR 212,900 PKR 2,420
Nowshehra PKR 212,900 PKR 2,420
Sargodha PKR 212,900 PKR 2,420
Faisalabad PKR 212,900 PKR 2,420
Mirpur PKR 212,900 PKR 2,420

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