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.

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.
Telecom

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...

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...

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

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...

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...

Pakistan gets 50 million broadband users in four years

KARACHI: Pakistan-based cellular mobile operators (CMOs) have added 50 million mobile broadband subscribers to their networks in four years since April 23,...

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...

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.

Apple hires Samsung’s executive for South Korea

LAHORE: Apple has appointed Brandon Yoon, a veteran Microsoft executive and most recently a vice president at Samsung Electronics as the new...

What comes next in Facebook’s major data breach

Facebook confirmed late Friday that third-party apps, including its own Instagram app, could have been affected

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...
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...

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)...