Karandaaz Pakistan to invest Rs80 million in women-led financial tech startups

KARACHI: Karandaaz Pakistan on Friday stated it is considering investing Rs80 million in women-led financial technology entities. Its chief executive officer Ali Sarfaraz...

Snap cut 7 percent of its global workforce in March

CALIFORNIA: Snap Inc on Friday said it cut 7 percent of its global workforce in March, as disclosed by it in a...

Telecom service providers are development partners of govt: minister

ISLAMABAD: Punjab Finance Minister Dr Ayesha Ghaus Pasha has said that the telecommunication service providers are development partners of the provincial government...

Punjab to impose 5 percent tax on Uber, Careem in upcoming FY 2018-19 budget

LAHORE: Punjab’s next financial year’s 2018-19 budget is expected to introduce taxes for ride-hailing services like Uber and also rent-a-car services. The provincial...

Facebook sever ties with data brokers in blow to targeted adverts

CALIFORNIA: Facebook Inc said on Wednesday it would end its partnerships with several large data brokers who help advertisers target people on...

President KCCI to inaugurate ICT Gala 2018 on Friday

KARACHI: President Karachi Chamber of Commerce and Industry (KCCI) Muffasar Atta Malik will inaugurate ICT Gala 2018 being organised by Pakistan Computer...

FBR launches knowledge-base portal

ISLAMABAD: Federal Board of Revenue (FBR) has launched the first version (Beta) of a Knowledge Base Portal for guidance and facilitation of taxpayers....

Alibaba Group to train Pakistani entrepreneurs in e-commerce

BEIJING: E-commerce giant Alibaba Group Holding Ltd will train a class of 37 Asian entrepreneurs including Pakistan on e-commerce innovation under a...

Technological advancement, CPEC key to Pakistan’s progress

LAHORE: Technological advancement and the China-Pakistan Economic Corridor (CPEC) hold key to the country’s progress, speakers at a moot agreed on Tuesday. The conference...

Twitter to ban cryptocurrency ads starting Tuesday

LONDON: Twitter Inc will start banning cryptocurrency advertising from Tuesday, joining Facebook and Google in a clampdown that seeks to avoid giving...

Uber agrees to divest its South-east Asian operations to Grab

SINGAPORE/SAN FRANCISCO: Ride-hailing firm Uber Technologies Inc has agreed to sell its Southeast Asian business to bigger regional rival Grab, the firms...

Luxury watchmakers shed reluctance, eye booming online sales

BASEL: A boom in online luxury goods sales is finally convincing high-end watchmakers, long skeptical that customers would pay thousands to buy...

Logging user’s call, text history requires their permission: Facebook

CALIFORNIA: Facebook Inc, responding to reports in some technology industry media that it has been logging users’ call and text history without...

Dropbox shares close up 35pc in biggest tech debut since Snap

NEW YORK: Dropbox shares closed at $28.42, up more than 35 per cent in their first day of trading on Friday, as investors rushed to buy...

Samsung Electronics shareholders approve stock split, as trade wars tension spark worries

SEOUL: Samsung Electronics Co Ltd shareholders approved a stock split on Friday making it easier for retail shareholders to hold shares in...