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...

HNL contemplating right shares issue of Rs140 million for Hum Mart

In late February, HNL had announced the incorporation of HM as its wholly-owned subsidiary and enter the online grocery business in Pakistan

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

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.

98pc increase in budget allocation to boost IT sector

All the projects were funded by the indigenous resources of the government and not a single penny is taken as a foreign grant, revealed the budgetary document

Advancement of ICT led development, a priority for the government

Mr Maqbool shared with the advent of mobile internet, Pakistan is on the same route of development as that of neighbouring countries

Growth rate of IT, ITeS exports jumped 150pc in last five years: Anusha 

  ISLAMABAD: Minister for Information Technology and Telecommunication Anusha Rehman Thursday said every possible effort was being made to enhance the growth of...

Tech startup from Karachi wins Rs1mn in StartUp Cup

LAHORE: The fourth edition of the 2017-18 StartUp Cup, funded by the United States was won by a team from Karachi, Retailistan, that beat 17 other...

AI-based robots a gamechanger for businesses in Pakistan

ISLAMABAD: With the modernisation of business technology, even small and medium-sized companies can effortlessly integrate robots into their day-to-day operations and service...

Pakistan moves to tax US advertising space on digital giants Google, Facebook

ISLAMABAD: Pakistan has proposed 5% tax on digital revenues, hitting US tech giants like Google, Amazon and Facebook, while also moving to bring...

Alibaba’s entrance to enhance Pakistan’s digital economy

Analysts often cite the absence of PayPal as among the impediments to the growth of e-commerce in Pakistan.

Samsung to pay $539 million to Apple in patent retrial

Apple this year told jurors it was entitled to $1 billion in profits Samsung made from selling infringing phones, saying the iPhone’s design was crucial to their success.

NTC to build Pakistan’s first ‘G-Cloud’

ISLAMABAD: VMware Inc, a leading innovator in enterprise software, signed an agreement with the National Telecommunications Corporation (NTC). The agreement will enable...

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.

Chip sector slowdown hits Swiss tech group Comet

Lower sales growth, shifts in the product mix and higher-than-expected restructuring costs would also hit profitability this year, the company said in a statement.