In an unexpected turn of events, Meta has decided to sell Giphy to Shutterstock for a far lower price of $53 million. The decision was made due to low internet interest in GIFs and regulatory pressure from UK authorities, especially the Competition and Markets Authority (CMA), which mandated the sale.Continue Reading
Pakistan Tobacco Company (PTC) intends to liquidate its Jhelum production plant, according to top company officials who spoke to media on Saturday at the business’s Jhelum factory. Eight manufacturing lines in Jhelum have been shuttered, and the firm is now operating with a minimal capacity of two machines. Due toContinue Reading
According to the Pakistan Bureau of Statistics (PBS), the country’s petroleum group imports decreased by 17.96 percent during the first ten months (July-April) of the current fiscal year 2022-23 (FY23), standing at $13.974 billion compared to $17.033 billion during the same period last fiscal year. According to PBS statistics onContinue Reading
Pakistan’s IT exports have increased dramatically in recent years, topping $2.6 billion in the previous fiscal year. Nonetheless, its proportion of the worldwide IT export market is less than 1%, significantly below its potential. According to a State Bank of Pakistan (SBP) report, Pakistan’s proportion in global computer services exportsContinue Reading
The underlying principle of the Punjab Information Technology Board’s (PITB) latest programme, ‘BizLinks,’ is to collaborate with private sector tech experts to boost Pakistan’s digital footprint and IT exports. The project is a significant step forward in terms of collaborating with IT leaders through strategic alliances and collaboratively exploring commercialContinue Reading
We now have some details on Instagram’s rumoured text-based rival to Twitter, according to a report by Lia Haberman in her ICYMI (in case you missed it) Substack newsletter. Haberman revealed what seems to be a leaked marketing presentation, as well as specifics about the future software. The app isn’tContinue Reading
The Provincial Minister for Universities and Boards, Ismail Rahoo, voiced his unhappiness with the different boards for their failure to prevent cheating during board examinations throughout the province. He has urged board chairpersons and controllers to impose harsher penalties on pupils who participate in such behaviour. The ministry has decidedContinue Reading
A big project to create a 16,000 km long fibre optic cable in Pakistan has commenced to expedite the digitalization and networking process. This was said by Tony Lee, Chief Executive Officer of Sunwalk Pvt Limited, during the Kick-Off Ceremony in Islamabad. Sunwalk is focusing on quick deployment while retainingContinue Reading
OpenAI has just released a ChatGPT app for iOS users that can be downloaded and installed for free. This app provides greater convenience for interacting with the bot while on the go, as well as other outstanding functions. One major feature is the integration of voice input, which makes useContinue Reading
The price of gold in Pakistan fell for the second time this week, closing at Rs. 232,600 per tola. The price of gold (24 carats) fell by Rs. 1,000 per tola to Rs. 232,600, according to statistics issued by the All-Pakistan Sarafa Gems and Jewellers Association (APSGJA), while the priceContinue Reading
2026© All rights are reserved | Future Edtech Network