New digital exchange seeks to host Islamic finance startups
OneGram also plans to list its own sharia-compliant cryptocurrency on the exchange by mid-September
Global Unicorn Club lists startups with market valuation of $1bn or more
CB Insights recently published the Global Unicorn Club which lists private companies from around the world which have a total cumulative market...
Elon Musk says Tesla will remain a public company
In an Aug. 7 post on Twitter, Musk wrote that he was considering taking the company private
National Incubation Centers raise Rs2.84bn investment, create 890 jobs
ISLAMABAD: The five fully featured National Incubation Centers established across the country, has so far raised an investment of Rs2.84 billion and...
Alibaba revenue beats estimates, but investments prolong margin squeeze
April-June saw Alibaba lead a $1.38 billion investment in Chinese logistics firm ZTO Express (Cayman) Inc and commit $320 million to a Thai e-commerce project.
NBP signs MoU’s with Mobi Direct, becomes settlement bank, consortium member
ISLAMABAD: The National Bank of Pakistan (NBP) signs two Memorandum of Understanding with Mobi Direct enabling NBP to become a consortium member and...
Cheetay introduces new business category: Cheetay Books
LAHORE: Cheetay.pk is on its way to becoming an indomitable force in the tech industry in
Pakistan. With their mantra to galvanise the...
Digital banking moving nation towards paperless economy
ISLAMABAD: The emerging trends of digital transactions offered by various banks vitally contribute towards a more efficient - paperless economy.
Cashless transactions are...
US-based Pakistani Ali Moiz is letting people earn a livelihood by playing video games
Streamlabs has successfully raised $17.3 million in funding from Universal Music Group and Sequoia Capital, as per business analytics website Craft
Starzplay Arabia to launch online streaming services in Pakistan: Report
Starzplay Arabia CEO Maaz Sheikh said it has partnered with telecom companies in Pakistan to offer its streaming services and will launch them by August 14th
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...
Alipay set to commence services in Pakistan by end-2018
Back in March, Alibaba’s Ant Financial said it would invest $184.5million for a 45 percent stake in Telenor Microfinance Bank (TMB), a subsidiary of Telenor Group, to further develop TMB’s mobile payment and digital financial services
Digital banking, e-commerce witness unprecedented growth: SBP report
LAHORE: Although Pakistan’s banking system is known to be riddled with draconian procedures which force customers to sign a multitude of forms,...
Experts urge banks to collaborate with fintechs to provide better digital services
KARACHI: Speakers at an e-banking conference have ruled out the impression that financial technology firms would eat up conventional banks and asked...
Agri credit disbursement increased to Rs972.6b
KARACHI: Banks have disbursed Rs972.6 billion for the fiscal year 2017-18. The current year’s disbursement is 38.1 per cent higher than the...