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Careem fires over 500 Employees

Karachi, May 05, 2020: The management of Careem has announced to fire 536 employees due to suspension of its services in different countries including Pakistan. The co-founder and CEO Careem Mudassir Sheikha made this sad announcement in an official letter to the staff members. According to him, 536 of our colleagues who make up 31%…

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President approves amendments to companies act to facilitate startups

Karachi, May 04, 2020: President Dr Arif Alvi has approved amendments in Companies Act 2017 to provide an enabling regulatory framework to facilitate startups in Pakistan. These amendments were proposed by the Securities and Exchange Commission of Pakistan (SECP) to help promoting and nurturing startups as well as attract local and international innovators. The Companies…

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