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Lahore-based Fintech Taro Secures $3.5M in Pre-Seed Funding

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An emerging Fintech startup in Pakistan, Taro Technologies, has secured $3.5 Million in pre-seed funding through a combination of strategic partnerships and angel investors to launch a Buy-Now, Pay-Later (BNPL) venture...

Rapid Launches Cobolt With Exciting New Features and Limitless Possibilities for Your Business

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RapidCompute, Pakistan’s largest local cloud service provider, recently announced the formal launch of Cobolt (Powered by OpenStack), a platform that aims to provide the customers with tools that manage core cloud-computing...

Pakistani Woman-Led Gaming Startup Raises $1.3 Million Funding

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Pakistani-founded startup Gaming Revolution for International Development Inc. (GRID) has closed $1.3 million in an oversubscribed seed round. The round was led by 11 Tribes Ventures and Blockchain Founders Fund and included...

PSEB to Invest Rs. 1 Billion on IT Boot Camps for Professionals and Graduates

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Pakistan Software Export Board (PSEB) has received an amount of Rs. 1 billion from the Ministry of IT and Telecommunication to hold various skill development training programs through boot camps and...

Pakistan’s IT Sector Contributes $3.5 Billion to the GDP

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Pakistani startups raised $373 million in investments during 2021, which is almost 5 times higher than last year’s $75 million, stated Federal Minister for IT, Amin Ul Haque, while speaking on...

Jiye Technologies Begins Expansion, Secures 10,000 Retailers in Karachi

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Jiye Technologies, Pakistan’s fastest growing agri-tech platform that recently disclosed its $2.5 million pre-seed funding, has now rapidly begun to expand across Pakistan. After launching operations in Lahore a short 5...

The Startup Working to Make Money Work for Every Pakistani

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Currently, a whopping 86% of Pakistan’s population has very little to no access to the formal financial system. Less than 1% have access to credit cards. Access to credit for small businesses...

IT Ministry Sets $20 Billion Revenue Target by 2025 Under New Broadband Policy

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The Ministry of Information Technology and Telecommunication has drafted the “National Broadband Policy-2021”, targeting the contribution of digital/broadband development to the economy to the tune of $5 billion investment and $20...

Tech and IT Companies Allowed to Set Up Digital Bank Under New SBP Framework

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The IT, technological, and financial service providers will now be allowed to set up or sponsor a digital bank, as the State Bank of Pakistan (SBP) has launched its new licensing...

iPhone Manufacturing Plant in India Shuts Down After Inhumane Treatment of Workers

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Foxconn, a Taiwanese multinational electronics contract manufacturer and one of the largest assemblers of iPhones for Apple has had its plant-based in Chennai, India put on Apple’s “Compliance Watch List.” The move comes after...

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