Alibaba to split into six units, explore IPOs
Alibaba Group Holding Ltd (9988.HK) is planning to split its business into six main units covering e-commerce, media and the cloud, the company...
China denies asking firms for foreign data as TikTok row heats up
Pressure is building on the massively popular video-sharing app -- owned by the Chinese firm Bytedance -- to obtain new ownership or lose access...
Google begins opening access to its ChatGPT competitor Bard
Alphabet Inc's (GOOGL.O) Google on Tuesday began the public release of its chatbot Bard, seeking users and feedback to gain ground on Microsoft...
Meta to cut 10,000 jobs in second round of layoffs
Facebook-parent Meta Platforms (META.O) said on Tuesday it would cut 10,000 jobs this year, making it the first Big Tech company to announce...
Facebook undersea cable to boost South East Asia internet
Facebook and Google are planning two new undersea internet cables to connect South East Asia to North America.
The project with regional telecoms...
KPITB launches govt-owned BPO facility in Peshawar
PESHAWAR: Khyber Pakhtunkhwa Information Technology Board (KPITB) on Thursday announced that it has launched KP’s first-ever government-owned Business Process Outsourcing (BPO) facility in...
MOIT&T urges SBP to make regulations more favourable
ISLAMABAD: The Ministry of Information Technology and Telecommunications (MOIT&T) along with the Pakistan Software Export Board (PSEB), and in conjunction with the...
IT, ITeS export remittances surge 20.75pc to $1.11bn in 11 months
ISLAMABAD: Pakistan's Information Technology (IT) and IT enabled Services (ITeS) export remittances comprising computer services and call center services surged to $1.11...
Avanceon and its Ace cards
What’s in a name? In 1989, Bakhtiar Wain set up an engineering and IT company that focuses on automations. He decided to...
SBP should allow banks to lend to software houses without fixed collateral: CEO Systems Ltd
LAHORE: Systems Limited CEO Asif Peer has suggested a set of overarching reforms to boost IT exports from Pakistan in the wake...
Pakistan becomes first South Asian country to achieve G4 rank
Pakistan has become the first South Asian country to be ranked as 4th Generation Regulator (G4) by the International Telecommunication Union (ITU).
According...
Google to help Pakistani businesses with remote working
Google has announced a free virtual workshop in a bid to help Pakistani businesses cope with remote working and transition into digital...
Softbank fund warns of $16.7bn loss due to coronavirus
SoftBank expects to lose $16.7bn (£13.3bn) on firms it has invested in through its tech start-up fund.
The Japanese conglomerate is the world’s...
ePay Punjab fetches Rs1bn revenue in five months
LAHORE: ePay Punjab, the first-ever government payment aggregator for citizens’ facilitation and ease of business, has collected over Rs1 billion in tax...
IT export remittances surge 24pc in 6MFY20
ISLAMABAD: The Information Technology and IT Enabled Services (ITeS) export remittances were increased by 24.71 per cent to $550.503 million during the...