Pakistan has temporarily suspended mobile phone network and internet services across the country to combat any “possible threats,” a top ministry said, as the South Asian nation commences
EduFi, a fintech startup that enables financially strapped students to secure loans for their education, has raised $6.1 million in a pre-seed round led by Zayn VC with participation from Palm Drive C
Pakistan has unblocked Wikipedia in the South Asian market, three days after the online encyclopedia was censored in the nation over noncompliance with removing what the local regulator deemed as “s
Pakistan has “degraded” Wikipedia in the country for 48 hours for not removing “sacrilegious contents” and warned of fully blocking the site if the online encyclopedia fails to comply with the
Pakistan’s markets regulator issued new guidelines for digital lending in the country, cracking down on several sketchy practices that it said have become prevalent in the South Asian market. The Se
Uber is scaling back its operations in Pakistan, the latest in a series of efforts from the ride-hailing firm as it looks to improve its financial performance. The company says its marquee app is ceas
Pakistan’s central bank on Friday revoked the in-principle and pilot operations approval of Tag to operate as an electronic money institution in a move that poses existential threat to the firm. Sta
Pakistan’s embedded finance platform Neem has raised $2.5 million in a seed funding round as it works to support underbanked communities in the country. The Karachi-based startup targets communi
The first half of 2022 broke fundraising records at VC firms, but everyone we spoke to expected fundraising to slow by the end of the year. While it is slowing down, it's also getting weird.
The number of global retailers, department stores and supermarkets operating in Pakistan is increasing, which spells convenience for consumers, but trouble for kiryanas, or small general stores. Accor
Kuda, the challenger bank based in Nigeria and the U.K., has joined the ranks of tech companies in Africa that are pruning their workforce. The news of the layoffs, which was first disclosed to TechCr
Pakistani fintech PostEx has acquired logistics service provider Call Courier, creating what it describes as the largest e-commerce service provider in the country. PostEx will now serve 1.3 million u
A Pakistani startup, which has taken inspiration from China’s JD.com and India’s Flipkart to build a managed marketplace of electronics products, said on Tuesday it has raised seed funding
The State Bank of Pakistan, the South Asian nation’s central bank, has ordered fintech Tag to “immediately” refund all funds to customers citing violation of regulatory requirements
The price of consumer goods has been soaring all around the world, creating a major budgeting headache for many people. Social commerce startup DealCart wants to make life easier for shoppers, at leas
Sequoia, the world’s most influential venture fund, has made its maiden investment in Pakistan, joining a growing list of high-profile investors who have backed young firms in the South Asian market
Three firms discuss their funds and any concerns that limited partners had brought up during the fundraising stage.
Airlift, Pakistan’s top startup, is shutting down in a move that has sent shock waves to the nascent but fast-growing ecosystem in the South Asian market. The Lahore-headquartered startup told emplo
Rider is on a mission to provide online shoppers in Pakistan with “Amazon-like” next-day deliveries. The Karachi-based company announced it has raised $3.1 million in new funding from Y Combinatio
Cainiao, the logistics service operated by Alibaba, is launching two automated distribution centers in Karachi and Lahore as its first entry into Pakistan, it announced on Friday. Alibaba’s over
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