Pakistan’s mobile internet users stand at 21 percent of the population: Report
LAHORE: Pakistan’s mobile internet users as a percentage of the population were recorded at 21 percent at end of January 2018, according...
Karachi-based Bazaar Technologies secures $6.5m in seed funding to digitise mom-and-pop stores
With recent funding, Bazaar plans to expand its footprint across Pakistan, build its product capabilities and offer value added services to customers
Dutch energy group Vitol backed VavaCars shuts Pakistan operations
VavaCars, which is backed by Dutch energy and commodity trading company Vitol, has decided to wrap up its operations in Pakistan, two...
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?
Pakistan’s YC-backed Udhaar Book raises $6mn to scale as super app for merchantsÂ
Udhaar Book, which calls itself a super app for Pakistan’s small businesses, has raised $6 million in seed funding from multiple investors...
82% of Pakistani urban consumers made a online purchase in 2018: Nielsen
Fashion ranks as the top online purchased category in Pakistan at 40%, followed by travel 31% and IT 29% respectively
Nielsen shutters retail intelligence operations in Pakistan
LAHORE: Nielsen has reportedly shuttered its retail measurement service (RMS) business unit in Pakistan. In an internal email, Nielsen Managing Director for...
British executive Matthew Wilsher confirmed as PTCL CEO
Wilsher headed Etisalat Nigeria as CEO during a debacle that led to Etisalat Group’s departure from African country
Craving for the cosmetic
During his five-year stint at Glasgow University as under- and post-graduate in telecommunication and Master’s in Business Administration, Naveed Azhar – presently...
Instagram not an instant fix for ailing Facebook
The social media company suffered the biggest one-day wipeout in U.S. stock market history, losing more than $120 billion in market capitalization as shares fell 19 percent a day after executives forecast years of lower profit margins due to regulatory pressure over privacy.
Pakistani fintech company Keenu to be acquired by Saudi Arabia-based Hala
LAHORE: Pakistani fintech company Keenu, known for its merchant acquiring business for card payments, is in the process of getting acquired at...
Review: TCL’s S6500 yay or nay?
The latest edition by TCL has been dubbed as the 'Mid Range King'
Unilever-backed quick commerce startup Munchies shuts operations
Karachi-based quick commerce startup Munchies has shut operations, five months after raising $2.5 million in a pre-seed round, credible sources informed Profit.Â
Munchies...
Can ITU become Pakistan’s MIT?
Umar Saif’s brainchild is meant to be a research-focused institution. But it remains to be seen whether it has the ingredients necessary to be globally competitive
While PSX has a horrible year, one company more than doubled its share price
Avanceon Ltd’s CEO Bakhtiar Wain gears up for even faster expansion as cash flows in