Uber reports $708m loss as revenue grows
 Ride-hailing giant Uber has reported another multi-billion dollar loss even as its revenues grow.
The San Francisco-based company said Thursday that its losses...
Inbox tech IPO planned for June
One of Pakistan’s largest IT company by revenue, Inbox Business Technologies Limited is seeking to raise Rs1.5b in an initial public offering...
IT sector exports reach $3.1b in FY 2016-17
The Information Technology sector is exhibiting accelerated progress with total turnover of $3.1 billion, including both exports and domestic revenue this year.
According...
Budget 2017-18: E-payment gateway to be launched by SBP at cost of Rs200m
The budget presented by Finance Minister Ishaq Dar on Friday for financial year 2017-18 has introduced certain measures for the benefit of...
Digital Pakistan Policy 2016-17 being formulated to transform IT sector
Ministry of Information Technology and Telecommunications (MoIT) is formulating a proposed Digital Pakistan Policy 2016-17 to rapidly transform the IT and related
sectors...
FINCA: Leading the way towards increased financial inclusion
Microfinance model was introduced four decades ago with the hopes of revolutionizing lending. There were high hopes of uplifting the not-haves of...
Jazz cements leadership position in telecommunications in Pakistan
VEON, Global Telecom Holding (GTH) and Jazz, Pakistan’s number one digital company announced today the successful acquisition of the 4G license in...
Augere launches LTE services for corporate sector in 11 cities
Augere Pakistan becomes the first Pakistani company to deploy corporate LTE in 11 cities of Pakistan. Currently, LTE service is available to...
No subscription service coming soon for Twitter: Dorsey
At its annual shareholder meeting on Monday, embattled social media giant Twitter Inc CEO Jack Dorsey spoke to investors about the potential for...
K-Electric wins regional award for best use of technology
Pakistan’s only vertically integrated power utility, K-Electric has won the ‘Best Use of Technology’ Award in the 'Best Customer Innovation' category at...
Softbank-Saudi tech fund becomes world’s biggest with $93b of capital
The world's largest private equity fund, backed by Japan's Softbank Group and Saudi Arabia's main sovereign wealth fund, said on Saturday it...
State Life says not affected by WannaCry ransomware
In the last week, a massive attack of ransomware malware had affected thousands of computers across the world. There have been some...
Zong’s ‘one-of-a-kind’ concept store is now open for customers
Zong has announced the opening of ‘one-of-a-kind’ concept store in Lahore hat is equipped with latest Zong products and state-of-the-art gadgets.
This multi-purpose...
Careem launches in Multan, Gujranwala and Sialkot
Careem is set to create a million jobs by 2020 with its aggressive expansion across Pakistan.
Careem, Pakistan’s leading ride-hailing app has announced...
Dar directs FBR to incorporate tax proposals on urgent basis
The Finance Minister Ishaq Dar on Thursday asked the Federal Board of Revenue to incorporate tax proposals on urgent basis for the...