Global e-commerce sales will skyrocket to $3 trillion by 2022: Fitch Solutions

China is the largest e-commerce market globally with total e-commerce sales forecast at $834 billion in 2019 and projected to further rise to $1.24 trillion by 2022

PM Abbasi announces extension of tax holiday on IT exports for six years

The IT industry is the fastest growing sector of the Pakistan economy, with annual growth rates more than 30 percent and expected to double in size over the next 3-4 years

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
Software industry

PRA urged to reduce sales tax on BPO services

'Software houses are currently paying 16pc tax on their services, which should be brought down to 5pc'

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

Samsung announces folding phone with 5G at nearly $2,000

All of the Galaxy series of rigid phones except the 5G will be available from March 8, with the S10+ priced from $1,000, the S10 priced from $900 and the smaller S10e from $750.

ICCI asks govt to provide interest free loans to youth for business startups

ICCI president said that 60 percent of our population was comprised of youth and government should create an enabling environment to engage youth in entrepreneurial activities

Govt wants to establish ICT SEZ on priority basis in Islamabad

As per data accumulated by the central bank, the export of IT and related services rose to $1.067 billion in FY18 against $939 million in FY17, posting a 13% increase
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...

Broadband connections witness 67 per cent growth

In 2013-14 the number of broadband connections stood at 13,205, which grew to 15,084 in 2014-15, 18,012 in 2015-16 and clocked in at 22,004 during 2016-17.
Dr-Atta-ur-Rahman

Rs50bn to be spent for IT sector development, says Dr Attaur Rahman

KARACHI: Prime Minister’s National Task Force on Science and Technology Chairman Dr Attaur Rehman has said the incumbent government has planned to...

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.

Why Google has a target on its back in Washington?

WASHINGTON: The US Justice Department is preparing an investigation of Alphabet Inc’s Google to determine whether the technology company violated laws to...

NED Karachi alum Naveed Sherwani’s SiFive raises $50.6 million in series-C funding

Mr Sherwani obtained a bachelor’s degree in electrical engineering from Karachi’s NED Engineering University in 1983 and got a PhD in computer engineering from the University of Nebraska

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...