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KARACHI: Hope is a dangerous thing for us to have at a time of crisis, but hope-spurring action can be a beautiful thing. When four million young people enter the Pakistani workforce annually, with very limited capacity to absorb them into the economy, it seems impossible. But with a clever...
ISLAMABAD: Careem is the first Pakistan unicorn. Oh wait. No. Mudassir Sheikha is Pakistani but the co-founder is not. And the company started operations in Dubai. Uber bought it for over $3.1 billion, but where will the money go? How will it affect the next cycle of Pakistani entrepreneurs? Let’s look at...
KARACHI: Insurance is less prevalent in developing countries where insurance companies can play a vital role as governments are not so active in health, education and other necessary fields. Growing digitalisation is expected to pave the way for increase in penetration by the insurance industry in Pakistan. “The country’s general insurance penetration,...
KARACHI  :  A cable landing party agreement has been signed between PEACE Cable International Network Co Ltd (PEACE Cable) and Cyber Internet Services Pvt Ltd (Cybernet Pakistan). This landmark agreement, signed on April 16, 2019 at Capacity North Africa in Cairo, follows a memorandum of understanding signed by both parties in...
ISLAMABAD:  The federal government has decided to introduce a mobile app for real time collection of general sales tax (GST) charged by hotels and restaurants throughout the country. The final decision on this matter will be taken after consultation with all the stakeholders. The app will send consumers an instant receipt confirming...
KARACHI: As the e-commerce space in Pakistan continues to expand, Daraz, an online platform, has set up its own logistics system in a bid to boost business efficiency. In an earlier development, Chinese giant Alibaba acquired Rocket Internet’s Daraz Group in Pakistan, Bangladesh, Myanmar, Sri Lanka and Nepal by acquiring 100%...
FAISALABAD:  The Spanish ambassador is set to visit Faisalabad next month to evaluate brewing opportunities in the wake of the China-Pakistan Economic Corridor (CPEC) to enhance bilateral trade between Faisalabad and Spain. Faisalabad Chamber of Commerce and Industry (FCCI) President Syed Zia Alumdar Hussain met with Spanish Ambassador Manuel Duran to...
ISLAMABAD:  Ever since the inception of mobile broadband in Pakistan, there has been an influx of new digital services, which we could not even imagine 15 years or so back. Services like Uber and Careem, apps like Google Maps, WhatsApp and YouTube, new employment opportunities with scores of micro enterprises on...
KARACHI:  Due to an ineffective local online map, the ride-hailing drivers take a lot of time to reach their customers, which costs time and money to many other businesses as well. Pakistan is among the countries that are about to embrace Location-Based Services (LBS) and Real Time Location Systems (RTLS). By 2021,...
ISLAMABAD: What’s common between Raghib Hussain, Rehan Jalil and Khalid Raza? A quick Google search shows they are all successful Silicon Valley founders with huge achievements. Rehan Jalil sold Elastica to Blue Coat for $280 million, Khalid Raza sold Viptela to Cisco for $610 million and Raghib Hussain sold Cavium...

Opinion

tourism cpec

Kashmir-CPEC nexus

In a new geostrategic scenario, situation has tied up Kashmir and CPEC with each other forever. Their correlation has opened up a new window...