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Digital push: Ministry proposes two major initiatives
brecorderhace 131d

Digital push: Ministry proposes two major initiatives

ISLAMABAD: The Ministry of Information Technology and Telecommunication has proposed two major technology initiatives set to launch in 2026 — a USD1 billion National AI Ecosystem Development Program (NAIEDP) and a Rs70 billion Pakistan Digital Infrastructure Connectivity Plan including mobile broadband, fiberization and regional corridor — signalling an ambitious push to transform the country’s digital landscape over the next five years.According to official documents, the National AI Ecosystem Development Program will run from 2026 to 2031 with a total allocation of USD1 billion (approximately Rs288 billion). An initial USD100 million (Rs28.8 billion) has been proposed for fiscal year 2026-27. Physical and financial progress currently stand at 0 percent, with implementation scheduled to begin in 2026-27.The AI program aims to establish advanced data centres in major cities to provide secure and affordable computing services for startups, universities, and research institutions. It also focuses on ensuring sovereign storage and processing of national data.A key feature of the initiative is the development of a national language and AI system trained on local datasets, including specialized solutions for health, agriculture, and legal sectors.The plan also includes fully funded scholarships, large-scale training programs, and strengthened university-industry collaboration to build a skilled AI workforce.In addition, the initiative seeks to support startups through early- and growth-stage funding, mentoring, and business development assistance to attract private investment and improve market access.Parallel to the AI push, the government has proposed the Pakistan Digital Infrastructure Connectivity Plan (2026–2030) with an estimated cost of Rs70 billion. An allocation of Rs5,000 million has been proposed for 2026-27.The connectivity project aims to expand broadband penetration, improve service quality, accelerate fiberization and support the acquisition of 5G spectrum. Telecom operators will utilize the fund for mobile broadband expansion and fiber rollout, with the responsibility to repay loans under agreed terms and conditions.Officials say the twin initiatives are designed to modernize public sector operations, improve digital governance, strengthen energy sector planning, introduce centralized digital public complaint platforms, and enhance inter-departmental coordination.If implemented as planned, the programs could mark one of the country’s most significant investments in artificial intelligence and digital infrastructure, positioning Pakistan to compete in the rapidly evolving global digital economy, official added.Copyright Business Recorder, 2026

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VR Resources (CVE:VRR) Stock Price Down 19% – What’s Next?
themarketsdailyhace 131d

VR Resources (CVE:VRR) Stock Price Down 19% – What’s Next?

VR Resources Ltd. (CVE:VRR – Get Free Report) shares were down 19% during trading on Thursday . The company traded as low as C$0.32 and last traded at C$0.32. Approximately 133,000 shares were traded during trading, an increase of 22% from the average daily volume of 109,106 shares. The stock had previously closed at C$0.40. [...]

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Portofino Resources (CVE:POR) Trading Up 100% – Here’s Why
themarketsdailyhace 131d

Portofino Resources (CVE:POR) Trading Up 100% – Here’s Why

Portofino Resources Inc. (CVE:POR – Get Free Report)’s stock price was up 100% during mid-day trading on Tuesday . The company traded as high as C$0.01 and last traded at C$0.01. Approximately 129,468 shares changed hands during trading, an increase of 128% from the average daily volume of 56,735 shares. The stock had previously closed [...]

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CGX Energy (CVE:OYL) Stock Price Down 21.3% – Here’s What Happened
thelincolnianonlinehace 131d

CGX Energy (CVE:OYL) Stock Price Down 21.3% – Here’s What Happened

CGX Energy Inc. (CVE:OYL – Get Free Report)’s share price fell 21.3% on Thursday . The company traded as low as C$0.18 and last traded at C$0.19. 290,672 shares changed hands during trading, an increase of 214% from the average session volume of 92,455 shares. The stock had previously closed at C$0.24. CGX Energy Stock [...]

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Cardinal Energy (TSE:CJ) Reaches New 12-Month High – Time to Buy?
watchlistnewshace 131d

Cardinal Energy (TSE:CJ) Reaches New 12-Month High – Time to Buy?

Cardinal Energy Ltd. (TSE:CJ – Get Free Report)’s stock price hit a new 52-week high during trading on Tuesday . The company traded as high as C$9.58 and last traded at C$9.52, with a volume of 1037336 shares. The stock had previously closed at C$9.37. Wall Street Analyst Weigh In A number of analysts recently [...]

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Koninklijke KPN (OTCMKTS:KKPNY) Sets New 52-Week High – Still a Buy?
themarketsdailyhace 131d

Koninklijke KPN (OTCMKTS:KKPNY) Sets New 52-Week High – Still a Buy?

Koninklijke KPN NV (OTCMKTS:KKPNY – Get Free Report)’s share price reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $5.43 and last traded at $5.43, with a volume of 240006 shares. The stock had previously closed at $5.3350. Koninklijke KPN Trading Down 0.5% The firm’s fifty day [...]

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Champion Bear Resources (CVE:CBA) Stock Price Up 16.7% – What’s Next?
tickerreporthace 131d

Champion Bear Resources (CVE:CBA) Stock Price Up 16.7% – What’s Next?

Champion Bear Resources Ltd. (CVE:CBA – Get Free Report) shares traded up 16.7% during mid-day trading on Thursday . The company traded as high as C$0.04 and last traded at C$0.04. 286,800 shares were traded during mid-day trading, an increase of 101% from the average session volume of 142,382 shares. The stock had previously closed [...]

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