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Digital banks: still a distant dream


March 29, 2021

While much of the country, particularly prime-time TV anchors and politicians, was hooked to the issue of the central bank’s independence and its possible impact, another major development took shape last Friday: the State Bank of Pakistan (SBP) unveiled the Digital Bank Regulatory Framework draft. It lays out the regulations and procedures by which challenger banks will come into being …

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Facebook services down in Bangladesh amid protests against Modi visit


March 28, 2021

Facebook said its services in Bangladesh were shut down on Saturday, as hundreds of protesters affiliated with religio-political parties marched across the country, angered by the police killing of their supporters who had protested against a visit by Indian premier Narendra Modi. The government of Prime Minister Sheikh Hasina did not comment if it had blocked Facebook and its messenger app, but …

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Youth earns $50,000 a month by playing video games in storeroom


March 27, 2021

A 24-year-old youth became the top one per cent of earners in South Korea after earning about $50,000 a month by playing and live streaming video games for up to hours a day COVID-19 has been a blessing in disguise for many gamers which forced people across the world to stay indoors and the restrictions on movements amid lockdown. Kim …

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Facebook freezes Venezuela president Maduro’s page


March 27, 2021

CARACAS: Facebook has frozen Venezuelan President Nicolas Maduro’s page for violating policies against spreading misinformation about COVID-19 by promoting a remedy he claims, without evidence, can cure the disease, a company spokesman said on Saturday. Maduro in January described Carvativir, an oral solution derived from thyme, as a “miracle” medication that neutralizes the coronavirus with no side effects, a claim …

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WhatsApp will now be able to import animated sticker packs


March 26, 2021

Facebook-owned app WhatsApp is set to release a feature enabling users to import animated sticker packs across the world today, reported WABetaInfo on Thursday. “I’m happy to announce that WhatsApp is releasing TODAY the possibility to import animated sticker packs WORLDWIDE, for ALL iOS and Android users!” said WABetaInfo. As per the report, the feature is expected to be rolled out in the …

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WhatsApp introduces new support feature


March 26, 2021

Facebook-owned messaging service, WhatsApp, has introduced a new update through the Google Play Beta Program, WABetaInfo reported. WhatsApp has brought up the version up to 2.21.7.3. The Facebook-owned platform has also rolled out an in-app support feature for “specific beta testers” — only a few people have the feature enabled. “If you want to verify if the feature is enabled for you, …

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10Pearls University launches e-learning portal with dozens of tech courses


March 24, 2021

10Pearls University, which organises professional development programmes and trainings, has launched an e-learning portal with more than 100 courses related to technology and management, it said in a statement. The portal, which has been launched to facilitate learning and skill development for both students and professionals, will have more than 100 courses and trainings and will host more than 60 webinars …

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Tesla can now be bought for bitcoin: Elon Musk


March 24, 2021

Tesla Inc customers can now buy its electric vehicles with bitcoin, its boss, Elon Musk, said on Wednesday, marking a significant step forward for the cryptocurrency’s use in commerce. “You can now buy a Tesla with bitcoin,” Musk said on Twitter, adding that the option would be available outside the United States later this year. The electric-car maker said last …

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VEON acquires Dhabi group stake in Jazz for $273m


March 23, 2021

ISLAMABAD: The Dutch telecom giant VEON Ltd has bought all stakes in its telecom venture from the UAE-based Dhabi group in Jazz Pakistan. VEON in its official statement released on Monday announced that it has completed the acquisition of minority shareholding in Pakistan Mobile Communications Ltd (PMCL). VEON is a multinational telecommunication services company headquartered in Amsterdam, the Netherlands. It …

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PITB launches incubators for tech startups in 9 cities of Punjab


March 23, 2021

The Punjab Information Technology Board (PITB) has launched Regional Plan9 — a network of incubators for technology startups across the province, it emerged on Monday. Under the plan, PITB will be launching nine incubation centres in Lahore, Bahawalpur, Dera Ghazi Khan, Faisalabad, Multan, Rawalpindi, Gujranwala, Sahiwal and Sargodha in partnership with public sector universities, the board said in a statement. …

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