SBP allows transfer of up to $200,000 as payment for foreign digital services
The State Bank of Pakistan (SBP) has allowed banks to release a maximum amount of $200,000 per year as payment for digital...
Pak-Kuwait Investment Company pumps $3mn into Nadeem Hussain led Planet N
LAHORE: Pakistan Kuwait Investment Company (Private) Limited (PKIC) has made an Rs500 million (~$3 million) equity investment in Planet N (Private) Limited...
Pakistan’s 24SEVEN announces $6mn pre-Series A raise to power an innovative model for kiryana stores
Pakistan-based eCommerce and retail startup 24SEVEN (formerly 24seven.pk) has announced closing a $6 million pre-Series A round as the former grocery delivery...
Is OLX feeling hot under the collar?
It’s an exciting time to be in Pakistan. We are seeing it in the numbers, in the growth we are getting, and...
BankIslami becomes victim of $6.5 million cyber-attack
Transactions of approximately $6 million as claimed by the international payment scheme have been denied by the bank.
The retail supply chain is begging for a disruptor. Can these tech startups be just that?
New entrants Bazaar, Tajir, and Jugnu all seek to empower the retailer to make more efficient choices, but will they be able to create a scalable service?
Alibaba acquires 100 percent stake in Daraz
The financial details of the transaction were not revealed and Daraz would continue to operate under the same brand following the sale to Alibaba, said Rocket Internet.
New details emerge about defunct startup Airlift’s downfall
LAHORE: New insights regarding the now defunct Airlift have come to the fore, shedding light on the happenings that led to its...
Foodpanda, after the highs, hitting the proverbial trough
In what seems like an almost unbelievable scenario, over the last few months foodpanda has witnessed a 70% decline in orders. According...
Airlift moves into grocery delivery with a whopping $10mn in recent funding round
Company says it is committed to resuming bus service operations once pandemic abates
$300 million market and growing: worlds’ largest courier and parcel service joins hands with TCS
Karachi
Pakistan’s most recognized courier, logistics and e-commerce provider, Tranzum Companies and Services (TCS) has announced a partnership with United Parcel Limited (UPS), the world’s...
HBL PSL 6: PCB appoints Bookme.pk as ticketing partner after startup beats bigwigs TCS, Leopards Courier to win contract
LAHORE: Pakistan Super League (PSL) is set to go all digital for season 6 ticketing, with the Pakistan Cricket Board (PCB) appointing...
How PTA’s corporate VPN ban could cripple small IT businesses and startups
LAHORE: Pakistan Telecom Authority’s (PTA) policy of corporate Virtual Private Network (VPN) registration by 30th June may create problems for individuals, freelancers...
Pakistan’s GrocerApp scores $5.2mn in Series-A funding
LAHORE: Pakistan’s online grocery delivery platform, GrocerApp, has successfully raised $5.2 million in a Series-A round from local and global institutional and...
After Careem and Uber, will the next boost to Pakistan’s ride hailing market come from a women-only service?
Both Paxi and Safr want to create a safe environment for women using this mode of transportation, but it is unclear if both management teams will be able to create businesses that can scale