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| Feb 25, 2024 | Alibaba-backed Daraz lays off staff in bid for long-term growth | EcommerceNews
Miguel Cordon · 28 Feb 2024 · 2 min readAlibaba-backed Daraz lays off staff in bid for long-term growth
Photo credit: Daraz
Daraz Group, a Pakistan-based ecommerce platform owned by Alibaba, has decided to significantly reduce... |
| Sep 21, 2023 | Dollar vs. Pakistani rupee analysis (USD/PKR) | In recent weeks, the US dollar (USD) has been experiencing a significant decline against the Pakistani rupee (PKR), marking a notable shift in currency dynamics.
This downward trajectory gained momentum after Pakistan secured a crucial $3 ... |
| Jun 8, 2023 | ‘Poor people don’t have friends’: A Pakistani widow’s life | Bhatial, Pakistan – It is 8am on a bright February morning, and Zubeida Begum is walking through the narrow lanes of Bhatial, a quiet rural village of about 2,000 people in the Jhelum district of Punjab, Pakistan.
The 42-year-old widow wear... |
| Aug 4, 2022 | Pakistan central bank orders startup Tag to refund customers | The State Bank of Pakistan, the South Asian nation’s central bank, has ordered fintech Tag to “immediately” refund all funds to customers citing violation of regulatory requirements and “other concerns,” posing existential questions on the ... |
| Mar 21, 2022 | To raise a fund, this agtech outfit built a content company first (now it has $60 million to put to work) | Rob Leclerc has the kind of pedigree that investors tend to like. He has a masters degree in computer science from the University of Calgary and a PhD in computational biology from Yale. In fact, ten years ago, what he really wanted to do w... |
| Nov 22, 2021 | Indonesia intent on achieving $50bn e-commerce trade with Pakistan by 2025 | Indonesia has big plans for its e-commerce ambitions and those plans involve Pakistan. According to Ambassador of Indonesia to Pakistan Adam Mulawarman Tugio, the Far East Asian country has set a target of $50 billion e-commerce trade with ... |
| Nov 17, 2021 | Increasing tech exports is top priority of government: PM Imran Khan | Prime Minister Imran Khan has reiterated his government’s resolve to boost exports of the technology sector, stating that it is a top priority.
As reported by Profit by Pakistan Today, the PM met with Special Technology Zones Authority (ST... |
| Nov 10, 2021 | PM Imran directs STZA Chairman to introduce tech zones in all major cities | Prime Minister Imran Khan has issued directions to Special Technology Zones Authority (STZA) Chairman Amer Ahmed Hashmi to roll out tech zones in all major cities of Pakistan.
According to details mentioned in the Profit by Pakistan Today ... |
| Nov 8, 2021 | Pakistan’s YC-backed Udhaar Book raises $6m to scale as super app for merchants | As published on profit.pakistantoday |
| Sep 27, 2021 | Govt aims to reduce the digital divide between rural, urban areas: IT Minister | According to Federal Minister for Information Technology and Telecommunications Syed Aminul Haque, the government of Pakistan intends to diminish the digital gap between rural and urban population centres so that citizens across the country... |
| Sep 21, 2021 | Chinese companies to invest $15 billion in Pakistan: Secretary BOI | According to Federal Secretary Board of Investment Fareena Mazhar, Chinese businesses are all set to invest a grand sum of $15 billion in the Pakistani petrochemical industry.
In this regard, Mazhar reportedly added that bilateral talks ar... |
| Sep 8, 2021 | A nation cannot progress without developing its engineering sector: President Alvi | President Arif Alvi believes that there is a need for market-based knowledge in the engineering sector so that the country could progress in different technological fields. More to the point, national universities need to upgrade their stan... |
| Aug 30, 2021 | Pakistan to attend 18th China-ASEAN Expo as special partner country | The 18th China-ASEAN Expo (CAEXPO) will take place both online and offline in Nanning, the capital of south China’s Guangxi Zhuang Autonomous Region, from September 10-13. The exhibition aims to provide a high-level platform for collaborati... |
| Aug 26, 2021 | KPK to provide IT training to 25,000 men and women | The Khyber Pakhtunkhwa Science and Information Technology (KPSIT) has launched an initiative to provide IT training to 25,000 people in the province for the purpose of generating more employment opportunities.
According to the details shar... |
| Jul 26, 2021 | NA passes STZA Act to attract more foreign investment in the tech sector | The National Assembly (NA) has passed the Special Technology Zone Authority Act, 2021 to attract foreign direct investment (FDI) in the nation’s tech sector.
As reported by Profit by Pakistan Today, the document states that the lower house... |
| May 29, 2021 | Govt set to generate $1bn through auction of next-gen mobile spectrum | The government is all set to bag more than $1 billion by offering minimum spectrum for telecom companies in the upcoming auction for Next Generation Mobile Services (NGMS) spectrum.
According to Profit by Pakistan Today, as the tenure of t... |
| Apr 26, 2021 | Pakistan’s IT exports grow by 58 percent during March 2021 | The fiscal year 2021 is proving to be beneficial for various sectors in Pakistan. This is especially true for the IT sector, which reported a 58 percent boost in exports during March 2021, compared to the corresponding period of last year.
... |
| Mar 5, 2021 | SBP foreign reserves surge by $70mn to almost $13bn | The foreign exchange reserves held by the central bank rose 0.54% on a weekly basis, according to data released by the State Bank of Pakistan (SBP) on Thursday.
As per details in the report published by Profit by Pakistan Today, on Februar... |
| Jan 19, 2021 | Hundreds of EVs stuck at ports as importers wait for govt ordinance to avail tax exemptions | Electric vehicle importers in Pakistan are in a frenzy, as many of them have imported dozens of electric vehicles already but are hesitant to get them cleared at ports until the government issues an ordinance on the nation’s first Electric ... |
| 2021 | Govt to investigate the failure of automotive firms in increasing production | The federal cabinet has reportedly directed the Ministry of Industries and Production (MoIP) to probe the failure of automotive firms in increasing production capacity as they have been unable to meet market demand thereby causing a surge i... |
| Dec 29, 2020 | Here are 5 tech companies operating in Pakistan that were most affected by the COVID-19 pandemic | The Coronavirus pandemic has truly shaken the foundations of economies all around the world. As of June 2020, 3 million people had lost their jobs in Pakistan alone. The virus has also likely increased the proportion of Pakistanis living be... |
| Dec 22, 2020 | Pakistan is getting its first LNG terminal, construction starting in January 2021 | Pakistan is all set to get two private Liquified Natural Gas (LNG) terminals in the coming year. The construction of the first private LNG terminal will start in 2021 whereas the construction of the second private LNG terminal will start in... |
| Nov 30, 2020 | Govt to launch the largest development project in Sialkot’s history: Dar | The Government of Pakistan is all set to launch the Punjab Intermediate Cities Improvement Investment Programme (PICIIP).
The project is estimated to cost Rs. 15 billion and has been dubbed the ‘largest development project in the history o... |
| Nov 30, 2020 | The solution to your grocery needs, #pandamart explodes on Twitter | #pandamart appeared out of nowhere today with hundreds of people tweeting about it with nothing but praise. What is #pandamart and why does Twitter seem to like it so much?
Well, Pandamart is a new service launched by Foodpanda that lets y... |
| Nov 26, 2020 | Fawad Ch just announced a video games certification program. Here’s why we need it. | Minister of Science and Technology Fawad Chaudhry has been on a roll this year. From signing contracts with electric bus manufacturers to planning the launch of a local Netflix-like streaming platform, the Minister has certainly not been he... |
| Oct 20, 2020 | Miniso has acquired ToSharing for around $7 million to expand eCommerce operations in Pakistan | Miniso intends to ramp up its operations in Pakistan by acquiring Cheezmall subsidiary ToSharing for a valuation between $5 million to $7 million. This acquisition was finalized last month right after the parent company Cheezmall raised fun... |
| Oct 19, 2020 | Pakistan lifts ban on TikTok | Pakistan Telecommunication Authority said on Monday it has lifted the ban on TikTok, 11 days after the South Asian nation’s telecom authority blocked the popular short video app in the country over problematic videos on the platform. The au... |
| Oct 8, 2020 | Clarification/rebuttal issued to SBP responds to objections raised by profit to Naya Pakistan Certificates | Profit by Pakistan Today
Following Clarification published by Pakistan Today on October 05, 2020 entitled: 'SBP responds to objections raised by profit to Naya Pakistan Certificates.'
Pakistan Today
Following Clarification/Rebuttal was issu... |
| Sep 1, 2020 | PriceOye.pk raises 6 figure funding in Pre-Series Round led by US-based VC
| PriceOye.pk has recently raised an undisclosed amount of funding in its ongoing Pre-Series round led by the US-based Venture Capital fund SOSV. Similarly, last year the platform announced the seed funding round conducted by Fatima Ventures.... |
| Jun 7, 2020 | Lahore-Based B2B E-Commerce Company Tajir Raises $1.8 Million | Pakistan-based B2B e-commerce company Tajir announced it has raised $1.8 million in funding
Tajir is a B2B e-commerce company used by convenience stores in the neighborhood that announced it raised a $1.8 million funding round from several ... |
| Jan 29, 2019 | 5 Harmful Effects of using Hi-Octane fuels with metal deposits | We are all aware of the rising prices of fuels but do we ever wonder what difference do the RON ratings make? What are the benefits and harms of using a fuel with a higher or lower RON rating? We will explore these answers in the article.
... |
| Nov 12, 2018 | Volkswagen, the World’s largest Automobile company, is coming to Pakistan | The World’s largest automobile company is finally coming to Pakistan.
Volkswagen, the world’s famous automobile manufacturer from Germany, has finally signed one of the concluding documents regarding its entry to the Pakistani marketplace.... |
| Aug 11, 2017 | Idea Croron Ka is coming back and here is what we would like to see | Idea Croron Ka (ICK), Pakistan’s first investment show, is coming back with its season 2. This season the show promises major changes in the way it scouts for prospective startup founders for investment. Additionally, it is claimed that bus... |
| Обзор технологических стартапов в образовании за последнюю неделю | FreshGrade
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