Pakistani company signs MoU with Bahraini tech firms to enhance relations with GCC region

The Bahraini flag flies at half-mast above Bahrain's National Assembly building in the capital Manama on September 9, 2022. (AFP/FILE)
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Updated 15 February 2023
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Pakistani company signs MoU with Bahraini tech firms to enhance relations with GCC region

  • NADRA Technologies Limited signs Mou With Bahrain’s Etisalcom Bahrain and Pentagram Tech
  • Bahrain and Pakistan have agreed to work together to roll out digital public goods for better service delivery

ISLAMABAD: A public company owned by Pakistan’s National Database and Registration Authority (NADRA) on Wednesday signed a memorandum of understanding (MoU) with Bahraini technology firms to formally establish mutually beneficial relations with the Gulf Cooperation Council (GCC) region, a statement issued by NADRA said.

Bahrain and Pakistan are members of the Digital Cooperation Organization (DCO), a global multilateral body that aims to enable digital prosperity by accelerating the inclusive growth of the digital economy. Both countries have agreed to work together to roll out digital public goods for better service delivery. 

NADRA, an independent and autonomous agency under the control of Pakistan’s interior ministry, regulates government databases and statistically manages the sensitive registration database of all Pakistani citizens. In 2004, it established a public company called NADRA Technologies Limited to bid for contracts outside the country and earn revenues that could be plowed back to support the parent company’s operations.

“NADRA Technologies Limited, Etisalcom Bahrain, and Pentagram Tech signed a Memorandum of Understanding today at NADRA Headquarters Islamabad,” the statement said.

“[The move] will provide an opportunity to formally establish mutually beneficial relations with the Gulf Cooperation Council (GCC) region.”

The GCC is a regional, intergovernmental, political, and economic union comprising Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, and the United Arab Emirates.

Prior to the signing of the MoU, a delegation of Etisalcom and Pentagram Tech Bahrain met the NADRA chairman at his office. 

“The delegation was led by the ambassador of Bahrain, Mohamed Ebrahim Mohamed Abdulqader, and included the CEO of Etisalcom Bahrain Rashed Al-Snan, and the CEO of Pentagram Tech Badar Shahzad. 

During the delegation’s week-long visit, NADRA will present Pakistan’s digital identity-based e-governance solution and showcase its infrastructure for service delivery so that GCC member countries could benefit from NADRA Technologies’ experience in identification systems.

Nadra Technologies Limited, in the spirit of South-South cooperation, is currently assisting countries like Nigeria, Kenya, Fiji, Somalia, and Sudan in their e-governance initiatives.


Pakistan slashes power tariff for industries by Rs4.4 per unit to spur growth

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Pakistan slashes power tariff for industries by Rs4.4 per unit to spur growth

  • The development comes as Pakistan navigates a long path to economic recovery under a $7 billion IMF program
  • The reduction in electricity tariffs will allow exporters to offer more competitive prices, increase profits margins

ISLAMABAD: Prime Minister Shehbaz Sharif on Thursday announced a Rs4.4 cut electricity tariffs for industrial consumers, saying the move is aimed at lowering production costs and spurring economic activity in Pakistan.

Sharif made the announcement while addressing businessmen and exporters at a ceremony in Islamabad, at which he presented awards to business figures who made significant contributions to the national economy.

He said the government would devise all future economic policies in consultation with the business community and there was no alternative to export-driven economic growth.

“Four rupees and four paisas per unit are being reduced in electricity tariffs for industry,” the prime minister announced at the ceremony.

“If it were up to me, I would reduce it by another 10 rupees, but my hands are tied.”

The development comes as Pakistan, which has long struggled with boom-bust cycles, seeks to boost foreign investment and increase exports, navigating a long path to economic recovery under a $7 billion International Monetary Fund (IMF) program.

The reduction in electricity tariffs for industrial consumers is expected to lower production costs that will allow exporters to offer more competitive prices in international markets, increase profit margins and encourage higher capacity utilization at factories.

The prime minister announced lowering wheeling charges for industry by Rs9 per unit, noting the country’s economy had stabilized, inflation had come down to single digits and the policy rate stood at 10.5 percent.

In Pakistan, wheeling charges are fees paid by electricity consumers and generators to use the national grid’s transmission and distribution network to move electricity from suppliers to end-users under the Competitive Trading Bilateral Contracts Market (CTBCM).

“I think this should help you sell your power to neighboring industries,” he told businesspersons at the event.