KARACHI: Sindh Chief Minister Syed Murad Ali Shah on Tuesday said the $125 million NED Science and Technology Park would serve as a catalyst for research, innovation and a vibrant startup ecosystem, ultimately creating large-scale employment opportunities across the province. Read More: NED announces scholarships for undergrads Addressing a ceremony marking multiple public-private partnership milestones, including […]
Startups
Parag Agrawal’s AI startup raises $100 million
AI startup Parallel Web Systems, founded by former Twitter CEO Parag Agrawal, has secured $100 million in Series A funding to build web search infrastructure for AI agents and fund partnerships with online content providers. The round values the company at $740 million and was co-led by Kleiner Perkins and Index Ventures, with participation from […]
SECP registers 14,802 new companies in first four months of FY26
ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) has registered 14,802 new companies in the first four months of FY26, with nearly all incorporations processed online through the eZfile system. The total paid-up capital of these companies stood at Rs20.59 billion, bringing the total number of registered companies in the country to 272,918. Private […]
Pakistan Ranks Second in South Asia for Mobile Game Development
KARACHI – Pakistan, long recognized for its massive mobile app usage and gaming enthusiasm, is now making waves as a leading developer of mobile games in the region. From social media and e-commerce platforms to popular games like PUBG, Pakistanis are among the most active digital users in the world. But beyond just playing global games, […]
Minister sees investment in mobile networking due to reforms, facilities by govt
ISLAMABAD: Federal Minister for Information Technology Syed Aminul Haq has said that the Ministry of Information Technology and Telecom is fully committed to promote entrepreneurship and innovation in Pakistan. He appreciated efforts of the Global System for Mobile Communications Association (GSMA), terming that revolutionary changes in the field of telecommunication in Pakistan were now being […]
The Nest I/O startups score big at Pakistan’s IT Oscar event
The Nest I/O startups bagged 4 Gold and 2 Silver Awards at the ’15th Annual P@SHA ICT Awards’ held at Serena Hotel Islamabad on Thursday. These startups will now go on to represent Pakistan at the Asia Pacific ICT Alliance Awards (APICTA) 2018 being held in Guangzhou, China on October 13. WeMakers, batch 7 startup […]