Zong 4G partners with Daewoo Express

Zong 4G and Daewoo Pakistan Express Bus Service recently entered into a strategic partnership to enhance connectivity on-the-go.

Pakistan’s IT exports up by 24% to $3.2bn in FY24

Pakistan's Information Technology (IT) exports have soared to $3.2 billion in the fiscal year 2024, marking a robust 24% year-on-year increase from...

Lahore-based CodeNinja secures $1.6mn investment from sAi Venture Capital, partners

The investment will help CodeNinja expand its global presence and scale up its services

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.

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 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...

Freelance training generates $1.65 billion as IT committee urges increased female participation

Parliamentary body calls for gender parity and greater transparency from PTCL as Ignite expands its digital skills portfolio
Softbank

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...

Alibaba vs Tencent in Pakistan?

The battle between China’s internet giants is about to come to Pakistan, and transform the country’s tech industry… but who will it be good for?

VEON eyes to buy GTH’s assets in Jazz for $2.55 billion

Global Telecom’s capital amounts to EGP 2.7 billion distributed over 4.7 billion shares at a par value of EGP 0.58 per share.

European companies show interest in investing in Pakistan’s IT sector

Startups that graduated from NIC have started attracting foreign IT companies to invest in Pakistan

Veon reports $109mn loss in Q1 while Russian arm improves

Veon, which also operates in Pakistan, Ukraine, Uzbekistan, and Algeria, reported a loss of $109 million, versus a loss of $5 million in the same period a year ago.
IT exports

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...

CPEC digital information channel fully connected

'On July 13, the 2,950-kilometer-long China-Pakistan optical cable from Urumqi to Rawalpindi was fully connected and tested well.' BEIJING: The 'China-Pakistan Economic Corridor (CPEC)...

Pakistan to get faster, reliable internet as China backed submarine cable to start operations by end-2019

LAHORE: Pakistan internet backhaul is expected to receive a significant boost with the addition of an upcoming submarine cable called PEACE cable...