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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...
KARACHI  :  Pakistan has deployed for the first time the blockchain technology in the banking sector to attract worker remittances from Malaysia, which is a step in the direction defined by the Financial Action Task Force (FATF) to combat terror financing and money laundering. The technology will not only make financial...
KARACHI:  Calendar year 2018 turned out to be eventful for the telecom sector of Pakistan when it saw many highs and lows. However, the second half of the year was more phenomenal compared to the first. The year kicked off with Oman Telecommunication Company (Omantel) exiting WorldCall Telecom (WTL) after injecting...
ISLAMABAD:  The China-Pakistan Economic Corridor (CPEC) is a win-win arrangement for both Pakistan and China and all the projects under CPEC must materialise without further delay, said former Planning Commission deputy chairman Sartaj Aziz. He said it would lead to industrialisation in the country. Addressing an event organised by the Sustainable...

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A tale of two budgets

About a fortnight back the Indian Government announced its first post Elections 2019-20 Budget, and it will be interesting to see how it compares...