Trends - Startups - Business Recorder

Startups

JPMorgan and BlackRock tap AI startup to automate opening custody accounts

The system, which uses AI to remember when an asset manager has already uploaded a specific document needed to open a custody account.
The custody side, historically, has been a very traditional industry operating steadily and reliably with faxes and spreadsheets.

Updated 15 Sep, 2020 05:43pm

Markets

Foreign aid or export-led growth?

ARTICLE: Pakistan's total public debt rose to Rs36.3 trillion, which is equivalent to 87 per cent of the GDP, by the...

Published 10 Sep, 2020 02:29am

Business & Finance

Ford's incoming CEO wants the US automaker to run like a Deere

Think of it as a second F-150," Farley told Reuters, referring to the US automaker's lucrative full-size truck business that generates $50 billion in annual revenue.
"Think of the data being more powerful than the fuel economy of the vehicle," he added.

Updated 08 Sep, 2020 08:59pm

Technology

Pakistani startups raised $10 million in H1 2020, witness 9pc decline: Report

The report said that Pakistan’s ecosystem is young, and is consistent with other nascent ecosystems.

Published 07 Sep, 2020 12:07pm

Pakistan

'Pakistan develops first bloodless, affordable dialysis machine for kidney disease treatment'

ISLAMABAD: By the time people are diagnosed with advanced-stage kidney disease and recommended dialysis treatments,...

Published 06 Sep, 2020 02:18am

Technology

For next wave of startups, Nest I/O launches 12th Incubation Cycle program

The maximum number of team members per team that can be stationed at The Nest i/o at a given time are four, which is subject to availability of space.

Published 02 Sep, 2020 04:10pm

Amazon gets US approval to fly delivery drones

The Seattle-based e-commerce colossus has been developing drones as part of its massive investment in a logistics network to quickly deliver purchases to customers.

Published 01 Sep, 2020 02:24am

Technology

Pakistani start ups continue to flourish as e-commerce platform PriceOye secures six-figure funding

The e-commerce startup “Price Oye” says investment raised is the first in its ongoing round and more investments will follow.

Published 29 Aug, 2020 07:04pm

World

Elon Musk's Neuralink puts computer chips in animal brains

Neuralink on Friday unveiled a pig named Gertrude that has had a coin-sized computer chip in its brain for two months, showing off an early step toward the goal of curing human diseases with the same type of implant.

Published 29 Aug, 2020 06:53pm

Business & Finance

6th reforms cycle for DB report 2022: WB official praises efforts of Sindh and Punjab govts

ISLAMABAD: The Board of Investment (BOI) in collaboration with the World Bank, the International Finance Corporation...

Updated 28 Aug, 2020 03:34am

Pakistan

PM directs finalizing proposal of setting up IT Clusters in major cities

The prime minister was given a detailed briefing on the role of the IT sector in national economy, exports and the obstacles facing the development of the sector.

Published 27 Aug, 2020 11:44pm

Opinion

Tech war chronicles: How a Silicon Valley chip pioneer landed in China

ARTICLE: As the United States steps up its campaign to block China from acquiring key technological know-how, the...

Updated 26 Aug, 2020 03:02am

Markets

SECP converts Covid-19 challenge into opportunities: Aamir

ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) Chairman Aamir Khan has said that the SECP had...

Published 21 Aug, 2020 03:10am

Pakistan

RapidCompute reports record growth in Cloud adoption during Coronavirus lockdown

Cloud adoption has seen steady growth in Pakistan in the past few years, and this growth is set to accelerate as International players enter the region; increasing awareness of the technology.

Published 19 Aug, 2020 10:00am

Markets

Investors pan for gold in rush for coronavirus vaccine

ARTICLE: With the race on to find a coronavirus vaccine, the biotech sector - from an investor's point of view -...

Published 19 Aug, 2020 02:45am

Business & Finance

Amazon to help Toyota build cloud-based data services

The deal is an expansion of Amazon Web Services' existing collaboration with Toyota, and marks the e-commerce giant's expanding foray into the transportation business.
In the automotive sector, AWS previously has partnered with automotive suppliers such as Aptiv, Panasonic Corp and Nvidia Corp, big transportation providers.

Published 18 Aug, 2020 01:23am

Business & Finance

Reliance in talks to buy online furniture retail, milk delivery startups: report

The oil-to-telecoms conglomerate's talks with Urban Ladder are at an advanced stage, the report said, citing four unnamed sources briefed on the matter.

Published 17 Aug, 2020 10:32am

Business & Finance

Pandemic has increased importance of e-commerce, says FPCCI VP

KARACHI: The Covid-19 pandemic has increased the requirement of e-commerce and digital Pakistan. Vice President of...

Updated 16 Aug, 2020 02:51am

Business & Finance

Pakistani start-up WonderTree becomes the first to receive UNICEF’s Innovation Fund

Pakistani Tech startup WonderTree joins11 startups from across the globe, and as the only one from Pakistan to be...

Published 12 Aug, 2020 12:32pm

Markets

Digital food for thought

ARTICLE: The world is said to be producing plenty of food, still the number of undernourished has been rising since...

Published 12 Aug, 2020 02:58am

Technology

Minister hails projects of startups during visit to NIC

ISLAMABAD: The inclusion of numerous innovation hubs, incubation centres and venture capital funds are helping the...

Published 07 Aug, 2020 02:45am

Markets

Facebook's Zuckerberg skewered with internal emails during antitrust hearing

Using the exchanges, lawmakers got Zuckerberg to acknowledge that he saw photo-sharing app Instagram and messaging app WhatsApp as competitors when Facebook acquired them.

Published 30 Jul, 2020 10:24am

Pakistan

Pakistan generating revenue of $3bn annually from IT sector: Razak Dawood

The Adviser had an online meeting with a delegation of Pakistan Software Houses Association (P@SHA) led by its President, Jehan Ara here.

Published 24 Jul, 2020 06:46pm

BR Research

Behind Google’s billions

It has been a while that tech giants maxed out growth prospects in the so-called global north and started looking...

Published 15 Jul, 2020 08:08am

PMKJ-YES: SBP raises loan limit to Rs 25 million, cuts markup by 3 percent

KARACHI: Following the directives of the federal government, the State Bank of Pakistan has announced reduction in...

Published 11 Jul, 2020 02:48am

Companies Act 2017: Ordinance promulgated to withdraw six amendments

ISLAMABAD: The federal government has promulgated an Ordinance to withdraw six controversial amendments, out of ...

Updated 09 Jul, 2020 03:11am

Business & Finance

SoftBank governance reforms stop short of Vision Fund

In recent months Chief Executive Masayoshi Son has met other Elliott demands, from launching a 2.5 trillion yen ($23 billion) buyback.

Published 06 Jul, 2020 09:56am

Opinion

Internet services - charges and taxes

LETTER: The Covid-19 pandemic has changed the dynamics of the world and continuously evolving patterns of new ways ...

Published 06 Jul, 2020 03:03am

Perspectives

Understanding Pakistan’s First Super App

Careem has been working on its Super App for some time and has now officially rolled it out across the region. The...

Published 04 Jul, 2020 02:57pm

Business & Finance

KCCI chief urges govt to simplify procedures for starting a business

KARACHI: President Karachi Chamber of Commerce & Industry (KCCI) Agha Shahab Ahmed Khan has urged the government...

Updated 02 Jul, 2020 03:23am

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Sep 24 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Sep 24 Al-Abbas Sugar Mills Limited(AABS)	490 ▼ 0.00 (0.00%)
Agro Allianz / Sep 24 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Sep 24 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Sep 24 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Sep 24 Allied Bank Limited(ABL)	70.08 ▼ 0.00 (0.00%)
Abbott Lab. / Sep 24 Abbott Laboratories (Pakistan) Limited(ABOT)	351.05 ▼ 0.00 (0.00%)
Abson Ind. / Sep 24 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Sep 24 Alfalah Consumer Index ETF.(ACIETF)	7.32 ▼ 0.00 (0.00%)
Attock Cement / Sep 24 Attock Cement Pakistan Limited(ACPL)	85 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Sep 24 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Sep 24 Al-Abbas Sugar Mills Limited(AABS)	490 ▲ 0.00 (0.00%)
Agro Allianz / Sep 24 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Sep 24 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Sep 24 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / Sep 24 Allied Bank Limited(ABL)	70.08 ▲ 0.00 (0.00%)
Abbott Lab. / Sep 24 Abbott Laboratories (Pakistan) Limited(ABOT)	351.05 ▲ 0.00 (0.00%)
Abson Ind. / Sep 24 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Sep 24 Alfalah Consumer Index ETF.(ACIETF)	7.32 ▲ 0.00 (0.00%)
Attock Cement / Sep 24 Attock Cement Pakistan Limited(ACPL)	85 ▲ 0.00 (0.00%)

Stock	Volume
Cnergyico PK / Sep 24 Cnergyico PK Limited(CNERGY)	10,563,972 ▲ 0.00
WorldCall Telecom / Sep 24 Worldcall Telecom Limited(WTL)	10,059,097 ▲ 0.00
Unity Foods Ltd / Sep 24 Unity Foods Limited(UNITY)	8,137,436 ▲ 0.00
Hub Power Co. / Sep 24 The Hub Power Company Limited(HUBC)	7,480,117 ▲ 0.00
K-Electric Ltd. / Sep 24 K-Electric Limited(KEL)	7,220,289 ▲ 0.00
Dewan Motors / Sep 24 Dewan Farooque Motors Limited(DFML)	6,909,431 ▲ 0.00
Pak Petroleum / Sep 24 Pakistan Petroleum Limited(PPL)	6,762,444 ▲ 0.00
Maple Leaf Cement / Sep 24 Maple Leaf Cement Factory Limited(MLCF)	6,752,226 ▲ 0.00
Nishat Chun.Pow. / Sep 24 Nishat Chunian Power Limited(NCPL)	5,546,500 ▲ 0.00
Bankislami Pak. / Sep 24 BankIslami Pakistan Limited(BIPL)	4,318,326 ▲ 0.00

Markets →

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Sep 22	292.10
USD PKR Interbank Buying / Sep 22	291.70
USD to Japanese Yen / Sep 22	148.37
USD to Swiss Franc / Sep 22	0.91
Pound Sterling to USD / Sep 22	1.22
Euro to USD / Sep 22	1.07
UK LIBOR % / Sep 22	5.43

Stock	Volume
S&P 500 / Sep 22	4320.06
India Sensex / Sep 22	66009.15
Tokyo Nikkei / Sep 22	32402.41
Nasdaq / Sep 22	13211.81
Hang Seng / Sep 22	18057.45
FTSE 100 / Sep 22	7683.91
Dow Jones / Sep 22	33963.84
Germany DAX 30 / Sep 22	15557.29
France CAC40 / Sep 22	7184.82

Item	Value
Crude Oil USD/Barrel / Sep 22	90.03
Karachi Cotton PKR/37.32 KG / Sep 22	19035
Gold 10 Grams PKR / Sep 22	185020
Gold Spot USD/Ounce / Sep 22	1925.24
Cotton US¢/pound / Sep 22	85.91

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