After digital financial services, could startup acceleration be the new passion of Pakistani telcos?
Telenor Velocity is an accelerator that is hoping to help galvanise the telco into diversifying at a time when their original business is in freefall
Govt plans to establish 10 IT parks by next year
PM directs third-party evaluation regarding the performance of software technology parks.
Pakistan records highest-ever monthly IT exports of $310mn in AprilÂ
IT exports increased by 62% YoY, 1% MoM from the previous highest of $306 million in March 2024.Â
The problem is access to credit, not payments claims Abhi CEO at World Economic Forum
Representing Pakistan’s fintech community at World Economic Forum, Omair Ansari claims it is a fallacy that Pakistan has a big unbanked population because of the impact of the telcos.
Tech funding might be recovering in the US, but the trickle down effect will take its sweet time getting to Pakistan
Amidst this dreadful funding winter, can local capital be the nurturing source for Pakistan's tech scene?
Instagram surpasses YouTube in ad revenue
Court filing reveals Instagram's massive contribution to Meta's earnings since its acquisition in 2012 for $1 billionÂ
Turkish fintech unicorn Papara set to acquire SadaPay in possible $50mn deal
Papara commits to invest $10mn further to solidify SadaPay’s position as banking challenger
OpenAI launches Sora, a new AI model for generating videos
OpenAI has introduced Sora, a revolutionary AI model capable of creating videos up to 60 seconds long from simple text prompts. This...
Apple to launch new AI-based code completion tool
This tool aims to emulate the functionality of Microsoft's CopilotÂ
Productive policies or PR fluff — How useful were the interim government’s IT initiatives?
The interim IT minister claims large successes in five different areas. Profit looks at how much is real and how much is posturing
Pakistan’s IT services exports reach $1.15bn, marking 5.89% growth in FY 2023-24 first five months
Call center services propel Pakistan's IT exports, recording 11.11% increase
Cheetay mulling shut down, Dastgyr, others look towards layoffs as startups go through another purge Â
Hurting macros, global dearth of risk capital lead to massive layoffs, closures in Pakistan’s startup scene.Â
Fact check: PayPal is not coming to Pakistan
Contrary to IT minister Umar Saif’s claims, PayPal and Payoneer are just entering into a partnership to add PayPal as a payment method on Payoneer
Careem tweaks its strategy once again as competition gets fierce
Once a clear leader in the ride-hailing market, Careem is finally trying to fight back.
Pakistani digital freight forwarding startup Voyage Freight secures $1mn in pre-seed funding
Pakistani digital freight forwarding startup, Voyage Freight, announced on Monday that it has successfully secured over $1 million in pre-seed funding, led...