Startup funding landscape in Pakistan has experienced a challenging year, witnessing a significant downturn with investments plummeting to $75.6 million in 2023, as revealed by Data Darbar. This marks a substantial 77.2 percent year-on-year (YoY) decline compared to the same period last year. The data further indicates that a notable portion of the funds, totaling…
In a concerning development, hackers have successfully infiltrated FBR’s sales tax system, manipulating sales tax returns of legitimate taxpayers to claim false sales/purchases and illicitly obtain tax credits and refunds amounting to billions. The Federal Tax Ombudsman (FTO) has taken swift action, directing the FBR to address the issue and take stringent measures against the…
Pakistan Stock Exchange’s KSE-100 Index Records Impressive 55% Gain in 2023 In a significant turn of events, the Pakistan Stock Exchange’s (PSX) benchmark KSE-100 Index delivered a remarkable gain of 55 percent in 2023, according to a comprehensive report by Topline Securities. This substantial increase, inclusive of dividends, marks the highest surge in the index…
To enhance customer satisfaction and streamline grievance redressal processes, the State Bank of Pakistan (SBP) has reintroduced its dedicated portal, Sunwai, to promptly address issues and complaints from bank customers. The bilingual portal, designed to facilitate ease of use for the general public, enables individuals to file complaints against Banks, Microfinance Banks (MFBs), and Development…
Elevating its Spark series, Tecno introduces the Spark 20 Pro+, quietly making its debut on the official website. Following the successful launches of Spark 20C, Spark 20, and Spark 20 Pro, the Spark 20 Pro+ emerges as the anticipated fourth addition, breaking cover unexpectedly and stirring excitement for a January revelation. Discovering Tecno Spark 20…
Realme, the trailblazing smartphone brand, is stirring excitement in the tech community with a sneak peek into its latest innovation. This month witnessed the introduction of the Realme GT 5 Pro, an avant-garde flagship boasting a periscope telephoto lens – a significant leap in camera technology since the X3 SuperZoom in May 2020. While the…
In an exciting development, Honor has officially launched the Honor X50 Pro in China, introducing a noteworthy addition to its smartphone lineup. Distinguished from the regular X50, the X50 Pro boasts an even more potent chipset and the latest software enhancements. This cutting-edge device showcases an expansive 6.78-inch OLED display with a resolution of 1,200…
In response to directives from the Pakistan Telecommunication Authority (PTA), telecommunication companies, commonly known as telecos, have commenced the implementation of SIM disowning charges, effective today, with charges amounting to up to Rs. 200. The PTA, adamant on addressing the misuse of free SIM cards and curbing their involvement in illicit activities, has chosen not…
In a significant move, the Pakistan Telecommunication Authority (PTA) has taken the lead in fortifying cybersecurity within the telecom sector. The PTA has formed a Cybersecurity Task Force, a pivotal industry-wide initiative aimed at ensuring the effective execution of the cybersecurity objectives outlined in the strategic plan spanning from 2023 to 2028. The task force,…
In the dynamic world of cricket, 2023 was a rollercoaster ride for Pakistan Cricket, marked by exhilarating victories and a few setbacks. While the senior men’s team faced early exits in the Asia Cup and Cricket World Cup, the women’s and junior teams emerged as the true stars, instilling hope and pride in the hearts…
