BankIslami becomes victim of $6.5 million cyber-attack

Transactions of approximately $6 million as claimed by the international payment scheme have been denied by the bank.

Alibaba acquires 100 percent stake in Daraz

The financial details of the transaction were not revealed and Daraz would continue to operate under the same brand following the sale to Alibaba, said Rocket Internet.

Active social media users in Pakistan grow by 5.7%: Report

As of January 2019, the total number of active social media users was recorded at 37 million and active social media users as a percentage of the population were 18%

Govt’s tax collection can go through the roof

From an academic to leading Punjab’s digital revolution, PITB Chairman Umar Saif has overseen the largest land record digitisation in Pakistan in an effort to not just end corruption and land grabbing but in a bid to promote land as a liquid asset

Facebook suspends app pre-installs on Huawei phones

Huawei has said it was prepared for the U.S. action and vowed to work around any disruptions. But some customers at stores in Europe and Asia have told Reuters that they are reluctant to buy Huawei phones in the face of uncertainties

How IT enabled a Matric-qualified carpenter earn $50,000 in 18 months

Matric-qualified Muhammad Muawiya, a 22-year-old resident of Karachi, earns more than a bank manager every month and that too from the comfort of his...

Who is to blame for Careem’s criminal data breach?

Over the past one year, Pakistani security researchers warned the ride-hailing giant about the security flaws that could result in a cyber-attack.

Review: TCL’s S6500 yay or nay?

The latest edition by TCL has been dubbed as the 'Mid Range King'

NETSOL stock riding high after key wins in signing new clients

Pakistan’s only NASDAQ-listed company appears poised for faster growth after a recent spate of stagnation

Dawood Hercules backs off Rs17.453 billion deal with Edotco Pakistan

At end of August 2017, DHCL in partnership with Edotco entered into an agreement with Veon Pakistan Limited to acquire its wireless tower business in Pakistan for $940 million.

HBL collaborates with Visa to launch QR payments service in Pakistan

HBL, Pakistan's leading bank in the digital space, and Visa, the world leader in digital payments, have collaborated to launch Visa on mobile, a...

NetSol closes UK subsidiary amid ‘unfeasible’ operating, net margins

LAHORE: NetSol Technologies Limited, which is one of the biggest software/IT outsourcing companies in the country, in a letter issued today to the Pakistan...

Govt approves country’s first ever “Digital Pakistan” policy

PM Abbasi announced a cash reward and extension of a tax holiday on IT exports till 2025, reduction in sales tax to 5% in Islamabad Capital Territory and ensured long-term financing at 5% interest rate and formation of legislation for new IT parks

The Black Sheep of the White Hat community

During our investigation into the recent security breach at Careem, some industry sources highlighted a faction of the white hat community that exploits startups that are vulnerable to cyber attacks, prompting Profit to look into how ethical these ‘ethical hackers’ really are.

PTA set to launch DIRBS for blocking stolen, smuggled mobile phones

Unregistered devices will be denied mobile communication service and will be included in blacklist if found operational on the public switched network

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Bookings for Kia Picanto from next week

After introducing two of its vehicles in the Pakistani market, Kia Lucky Motors is all set to launch Kia Picanto for its customers. The company...

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Huawei expects to see revenue uplift from 5G roll-out next year

SHANGHAI: Huawei Technologies expects the roll-out of next-generation 5G wireless networks to start contributing to the firm’s revenue from next year when China launches...