technology

The web hosting company Cloudways, founded in Pakistan, was recently acquired by a company based in the United States. The partnership will likely boost the profile and morale of Pakistan’s tech startup founders.
A cloud-based hosting provider founded by a Pakistani has been acquired for millions of dollars, causing a flurry of celebration among entrepreneurs in the South Asian country, despite recent difficulties for the start-up ecosystem there.

Systems Limited, Pakistan’s information technology firm, made history by becoming the country’s only tech firm to be named ‘Forbes Asia’s Best Under A Billion’ for the third time in a row. Forbes Asia recently published its annual list of the top 200 Asian-Pacific companies with consistent top and bottom-line growth and less than $1 billion in revenue. Systems Limited is one of 75 returnees who outperformed across all performance indicators and metrics. This award highlights Systems Limited’s long-term viability, innovation, and consistent financial and business growth.

Many people in Pakistan’s northern and central regions, including those whose livelihood depends on uninterrupted internet service, recently experienced massive internet outages due to a technical fault in the Pakistan Telecommunication Limited (PTCL) optic fiber network.

TikTok, the popular video-sharing platform, has added a new feature that allows content creators to share their stories on Meta’s social platforms, Facebook and Instagram.

valon has launched Pakistan’s first technological city, Avalon City Islamabad, for people looking for economic residences that are also environmentally friendly. The project’s goal is to provide residents with advanced technological solutions to solve their daily problems and keep them entertained with advanced services such as 3D theaters, virtual theaters, Wi-Fi trees, electric bikes, and other tech-based smart living solutions.

Last year, on May 21, Amazon gave the opportunity to register seller accounts in Pakistan allowing Pakistani vendors to sell their items without needing to contact their overseas relatives to open an account for them. However, many Pakistanis took advantage of this opportunity, and Amazon has begun to actively suspend any Pakistani account that is involved in any type of fraud.

An official told Reuters on Wednesday, without giving specific figures, that Binance, the biggest cryptocurrency exchange in the world, is experiencing an increase in customers as a result of rising inflation and a historically high dollar that has hurt emerging market currencies.