Pakistan’s first digital nano loan launched by Telenor Microfinance Bank
KARACHI: In continuation of its efforts to increase financial inclusion, as part of the Government of Pakistan’s National Financial Inclusion Strategy of...
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.
Zuckerberg fortune takes a $16 billion plunge in record Facebook fall
Shares fell as much as 19.6 percent to $174.78, a decline that if sustained would wipe about $124 billion off the company’s value - or nearly four times the entire market capitalization of Twitter Inc
Apple supplier LG Display slashes investment plans as losses mount
LG said it would trim investment by 3 trillion won ($2.7 billion) from what was planned by 2020, without revealing its total or previous capex targets
China’s leading IT company to explore investment, business opportunities in Pakistan
BEIJING: A leading Chinese digital solutions provider has shown tremendous interest to explore the Pakistani market for investment and business through joint...
RCCI to hold IT conference in August, promote fintech, e-commerce
RAWALPINDI: The Rawalpindi Chamber of Commerce and Industry (RCCI) is going to organise a Financial Technology Conference (FinTech) in August.
The primary purpose...
Apple Watch, FitBit could feel cost of U.S. tariffs
The specific products listed in customs rulings are the original Apple Watch; Fitbit’s Charge, Charge HR and Surge models; and Sonos’s Play:3, Play:5 and SUB speakers
Rolls-Royce plans for take-off in flying taxi market
Rolls-Royce said on Sunday it had drawn up plans for an electric vertical take-off and landing (EVTOL) vehicle, or flying taxi, which could carry four to five people at speeds of up to 250 miles per hour for approximately 500 miles
Axiata to divest 89% stake in Multinet Pakistan for $1
The financial performance of Multinet has been deteriorating over the last few years with the internet service provider (ISP) amassing losses of Rs754 million for the financial year ended December 31st, 2017
Slow internet services in Gwadar thwarting China’s aspirations: Report
The customs authority online system in Gwadar is plagued by delays due to slow internet connectivity said Jamaldini
Apple launches $300 million clean energy fund in China
The investment from the iPhone maker, which will be made along with 10 suppliers including Pegatron Corp and Wistron Corp over a four-year period, also comes as the United States and China lock horns over trade
98pc increase in budget allocation to boost IT sector
All the projects were funded by the indigenous resources of the government and not a single penny is taken as a foreign grant, revealed the budgetary document
Pak-China fibre optic cable set for opening today
The projects total cost is projected at $44 million and 85 percent of the loan has been provided by Exim Bank of China at a discounted rate
Pakistani banks urged to comply with EU’s GDPR rules, ensure cyber safety
KARACHI: Pakistani banks need to operate in compliance with the European Union's (EU) new personal data protection rules, as ignorance may lead...
JD.com’s finance affiliate raises $2 billion, more than doubles valuation
JD Finance will reach a valuation of 133 billion yuan ($19.8 billion) after the closing of the fundraising, it said in a statement