Information Minister invites Facebook to setup its office in Pakistan

MG News | February 07, 2019 at 09:35 AM GMT+05:00

0:00

February 7, 2019: Information Minister Chaudhry Fawad Hussain has invited Facebook to open its office in Pakistan to get advertisement business.

He was addressing a function related to the importance of digital media in Islamabad on Wednesday.

The Minister informed that Pakistan has allocated one-third of government advertisements to digital media. He said that advertisements worth about seven billion rupees are generated in Pakistan.

Pointing out that the advertisement platforms are shrinking from formal media to digital media, he said that there is a crisis in the media industry, but it is linked with technology as our media houses are lagging behind in using modern technology.

The Minister urged the media industry to initiate research to know effects of digital media on the formal media.

He said the government has decided to transform Associated Press of Pakistan into Digital Service of Pakistan.

The Minister assured that the government is bringing a framework to regulate web TV, social media, and other media.

Related News

Name	Price/Vol	%Chg/NChg
KSE100	134,299.77 290.06M	0.39% 517.42
ALLSHR	84,018.16 764.12M	0.48% 402.35
KSE30	40,814.29 132.59M	0.33% 132.52
KMI30	192,589.16 116.24M	0.49% 948.28
KMIALLSHR	56,072.25 387.69M	0.32% 180.74
BKTi	36,971.75 19.46M	-0.05% -16.94
OGTi	28,240.28 6.19M	0.21% 58.78

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	118,140.00	119,450.00 115,635.00	4270.00 3.75%
BRENT CRUDE	70.63	70.71 68.55	1.99 2.90%
RICHARDS BAY COAL MONTHLY	97.50	0.00 0.00	1.10 1.14%
ROTTERDAM COAL MONTHLY	108.75	108.75 108.75	0.40 0.37%
USD RBD PALM OLEIN	998.50	998.50 998.50	0.00 0.00%
CRUDE OIL - WTI	68.75	68.77 66.50	2.18 3.27%
SUGAR #11 WORLD	16.56	16.60 16.20	0.30 1.85%