Musk’s Starlink’s role under review as EU evaluates SES–Intelsat deal
SES is looking to scale up in order to compete more effectively with U.S. heavyweights, including Starlink and Amazon’s Project Kuiper
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...
Kuwait bourse seeks to create VC platform to finance startups
As Kuwait’s startup sector grows, the need for funds from these companies to fuel growth has been financed by venture capitalists and larger international groups in the same sector they operate in
Pakistan’s strengthening financial market attracts Chinese fintech giant
ISLAMABAD: As Pakistani market is attracting the attention of the Chinese entrepreneurs, a popular Chinese Fintech company, Webull, is all set to...
Govt’s tax collection can go through the roof
From an academic to leading Punjab’s digital revolution, PITB Chairman Umar Saif has overseen the largest land record digitisation in Pakistan in an effort to not just end corruption and land grabbing but in a bid to promote land as a liquid asset
India’s Cosmos Bank loses $13.5mn in cyber attack
MUMBAI: Cybercriminals hacked the systems of India’s Cosmos Bank and syphoned off nearly Rs944 million ($13.5 million) through simultaneous withdrawals across 28...
Pakistan secures $700 million in foreign investment pledges for IT sector
PM Sharif promotes country’s digital economy ambitions at international tech conference, acknowledges $500 million investment from a Pakistani entrepreneur in collaboration with a Russian partner
Trump media expands into TV streaming with Truth+
The company says it will continue testing the streaming service and collect feedback from users during the rollout
Margin finance system to be revamped, launched by May’s end
The modified version of margin financing system would be launched by the end of May and investors at the Pakistan Stock Exchange...
Amazon announces $54 billion UK expansion with new fulfilment centres
The investment includes new fulfilment centres, delivery stations, data centres, and upgrades to existing facilities
OpenAI launches ‘deep research’ AI tool for complex web analysis
This marks OpenAI’s second AI agent launch this year, following "Operator" in January, which assists with tasks like creating to-do lists and vacation planning
President Xi and Trump to help recover China’s ZTE
WASHINGTON: US President Donald Trump said on Sunday that he and Chinese President Xi Jinping are working to give Chinese telecom company...
Pakistan’s Bookme.pk raises $7.5m in Series-A round amid plans to launch in Myanmar market
LAHORE: Lahore-based Bookme.pk announced today that it has closed a $7.5 million Series-A funding round for its digital ticketing platform, as the...
PTA uses Web Monitoring System to block online content, NA told
Controversial system, acquired in 2018, was upgraded in December 2023 and tested on landing stations for submarine internet cables
NetSol closes UK subsidiary amid ‘unfeasible’ operating, net margins
LAHORE: NetSol Technologies Limited, which is one of the biggest software/IT outsourcing companies in the country, in a letter issued today to...