Careem planning to spend $150 million to launch food delivery business
CareemFood will be launched in Pakistan as soon as September and then in the United Arab Emirates, Saudi Arabia, other Gulf countries, and Egypt
How tech brands are digitally hammering global FMCG giants
According to a Foreign Policy report, the cash that Apple has on-hand exceeds the GDPs of two-thirds of the world’s countries
Samsung profit growth slows on smartphone weakness
Samsung shares are down about 12 percent this year on concerns over slowing profit growth and a lack of technological innovation to drive smartphone sales
Uber in talks with Careem to acquire majority stake: Report
In January, it was reported Careem was contemplating an initial public offering (IPO) by 2019
Struggling ZTE to unveil new board in step toward U.S ban lift
Shares of China’s No.2 telecommunications equipment maker have cratered 60 percent, wiping out more than $11 billion of the company’s market valuation, since trading resumed earlier this month following a two-month hiatus
Pakistan 4th most popular country for freelancing: report
ISLAMABAD: Pakistan is among the top five countries in the world when it comes to freelancing and generated a significant calculated amount...
National food security ministry partners with USAID to enable agri-technology
KARACHI: The United States Agency for International Development (USAID) and the Pakistan Ministry of National Food Security and Research (NFS&R) launched USAID’s...
Yayvo sales set to surpass billion rupees mark this year: Report
According to estimates of M.A Mannan, CEO TCS Holdings, 40 to 45 percent of e-commerce sales were being conducted in rural areas
Fintechs: Goliaths of today, dinosaurs of tomorrow?
Innovation is not the done thing in Pakistan’s commercial banking and soon Pakistan’s financial services industry is expected to witness a David-and-Goliath contest of sorts, with Fintechs with negligible capital taking on commercial banks with billions, even trillions, in assets – and beat them
China’s ZTE expected to take last step to lift ban: U.S. official
ZTE, which makes smartphones and networking gear, agreed to pay a $1 billion penalty and put $400 million in escrow as part of a settlement it reached on June 7 with the Commerce Department to regain access to the U.S. market, which it needs for components.
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...
Instagram debuts IGTV, set to challenge YouTube’s domination
IGTV will be available as part of Instagram’s app and as a separate app
Trump told Apple CEO iPhones will be spared from China tariffs: NYT
Last week, Trump unveiled a revised list that included several categories of chips, raising fears that tariffs could impact the U.S. technology sector.
Pakistan e-commerce sales set to cross $1 billion by 2020
Pakistan has one of the highest rates of mobile and internet penetrations in South Asia with 40 million Internet subscribers and 20 million Facebook users
ZTE shattered as shares lose 30 percent market value this week
ZTE was crippled when the United States imposed a seven-year supplier ban on it in April after it broke an agreement to discipline executives who conspired to evade U.S. sanctions on Iran and North Korea