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Pakistani fintech Dastgyr raises $3.5 million in seed round


July 26, 2021

Dastgyr, a B2B marketplace based out of Karachi connecting suppliers to mom-and-pop retailers, has raised a $3.5 million seed round led by SOSV. This takes the total capital secured so far to $4m, including the angel round in July 2020. With fresh capital in the kitty, the startup wants to mark its entry into the fintech space by offering products to …

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Govt finalised digital policy as demands accepted: CPNE


July 25, 2021

LAHORE: Federal Minister for Information and Broadcasting Fawad Chaudhry has finalised the digital policy for newspaper websites having given in to the long-held demands of the Council of Pakistan Newspaper Editors (CPNE). According to a CPNE press release issued on Saturday, the minister expressed his condolences over the death of the council’s president Arif Nizami while talking to members of …

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Electric car sales charge ahead in Europe


July 24, 2021

PARIS: Electric cars — key to reducing emissions and meeting climate change goals — have boosted their market share in Europe, data showed on Friday, as the region prepares to abandon petrol and diesel. Battery electric vehicles more than doubled their share of new car sales in Europe in the second quarter, according to the European Automobile Manufacturers’ Association (ACEA) …

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Minister wants FBR to cut tax on import of electric vehicles


July 24, 2021

ISLAMABAD: Federal Minister for Information and Broadcasting Fawad Chaudhry has said that the Federal Board of Revenue should reduce sales tax on the import of Electric Vehicles (EVs) to 5 per cent to encourage the upcoming technology based on the cleanest fuel in Pakistan. Mr Chaudhry had been one of the key supporters of EVs in the country when he …

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CNN to ramp up streaming as viewers quit cable


July 20, 2021

NEW YORK: CNN unveiled plans on Monday to launch a subscription streaming service next year in a stepped up effort to connect with viewers without cable or satellite television. The pioneering 24-hour news channel will be hiring hundreds of new employees for the service to be called CNN+ that will debut in early 2023. “CNN invented cable news in 1980, defined online news …

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Pegasus spyware: how does it work?


July 19, 2021

Governments around the world are facing bombshell allegations that they used Israeli-made malware to spy on the phones of activists, journalists, corporate executives and politicians. But how exactly does the Pegasus spyware work? How does it get onto people’s phones — and what can it do once it’s there? How does Pegasus sneak its way onto a phone? Researchers believe that early …

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EARTH’S RICHEST MAN BEZOS TO BLAST OFF INTO SPACE


July 19, 2021

Jeff Bezos, the richest person in the world, is set to join the astronaut club Tuesday on the first crewed launch by Blue Origin, another key moment in a big month for the fledgling space tourism industry. The mission comes days after Virgin Galactic founder Richard Branson crossed the final frontier, narrowly besting the Amazon magnate in their battle of …

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TESLA LAUNCHES SUBSCRIPTION SERVICE FOR ADVANCED DRIVER ASSISTANCE SOFTWARE


July 18, 2021

Tesla Inc said on Saturday it has introduced an option for some customers to subscribe to its advanced driver assistance software, dubbed “Full Self-Driving capability”, for $199 per month, instead of paying $10,000 upfront. Tesla has previously said its subscription service would generate recurring revenue and expand the customer base for pricy features including lane changing on highways and parking …

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WHATSAPP ROLLING OUT NEW FEATURE ALLOWING USERS TO RECEIVE MESSAGES WITHOUT PHONES


July 18, 2021

WhatsApp is testing a new feature that will let people message without using their phone for the first time as it announced to roll out a limited public beta test for its updated multi-device capability. The announcement made by the Facebook-owned app said that people have been asking them to create a true multi-device experience that allows people to use …

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Lucky reaches deal for producing Samsung mobile devices


July 17, 2021

KARACHI: Lucky Motor Corporation (LMC) has signed an agreement with Samsung Gulf Electronics Co, FZE for producing Samsung mobile devices in Pakistan. In a stock filing on Friday, Lucky Cement Ltd (LCL) has said that its subsidiary LMC, which is currently engaged in business of manufacturing, assembly, marketing, distribution and sales of Kia and Peugeot vehicles, has also initiated the …

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