Pakistani startups have raised $300mn so far: Shibli Faraz

Minister of Science and Technology Shibli Faraz observed that the incredible rise in investment in the country’s technology sector is indicative of the fact that Pakistan is brimming with skilled entrepreneurs.  As reported by The Express Tribune, the minister made this comment while virtually addressing the Pakistan Tech Summit in Istanbul on Monday.   “Pakistani startups have … Read more

Is Waqar Zaka responsible for leading the youth into losing millions due to the Bitcoin crash?

A good number of people who wanted to make a “quick buck” had put their life’s savings into purchasing Bitcoin and said “Amen” to the word of the KPK-government-approved Crypto expert while also paying $10 to join his group for the so-called “trading signals”. However, soon after Bitcoin came crashing down to its lowest value in years, … Read more

Japanese investment firm to invest in Pakistan’s tech sector

A Japanese firm has established its investment arm in Pakistan as it takes a look at promising companies amid rising growth and potential in the country’s tech space. As reported by Business Recorder, Tokyo-based Bold Investment will concentrate on the tech sector, and aid in scaling up operations along with its investments and acquisitions. Its increased … Read more

Pakistan Kuwait Investment makes PKR 500 million equity investment in Planet N, the highest ever

In a press release issued to the media,  Pakistan Kuwait Investment Company (Private) Limited (PKIC) has announced that it is making an equity investment of PKR 500 million in Planet N (Private) Limited, marking the highest ever equity investment by a local Financial Institution in a Tech Investment Platform in Pakistan. The investment will help Planet N … Read more

Pakistani IT companies have been encouraged to invest in Jordan

According to Ambassador of Jordan to Pakistan Ibrahim Almadani, IT companies in Pakistan should invest in Jordan as it would open up more opportunities to enhance regional exports. Speaking to the business community at the Islamabad Chamber of Commerce and Industry (ICCI) on Friday, the envoy explained that the information technology (IT) sector is a key … Read more

Pakistani trucking marketplace startup Truck It In raises $1.5m in pre-seed round

Pakistan’s Truck It In has raised $1.5 million for its trucking marketplace in a pre-seed round led by Global Founders Capital. This is one of the largest pre-seed investments raised by a startup based in the Middle East, North Africa and Pakistan region, as reported by MENAbytes. Fatima Gobi Ventures, BitRate Venture Capital, Deosai Ventures, +92 Venture … Read more

Thal Limited to establish a polypropylene plant with Rs. 1.7 billion investment in Hub

Thal Limited has announced a plant for polypropylene woven bags in Hub with an investment of Rs1.7 billion. “Polypropylene bags are used for multiple purposes ranging from the packaging of fertilizer and sugar to finished agricultural products,” said Topline Securities Deputy Research Head Shankar Talreja while talking to Express Tribune. He remarked, “Apart from fertilizers, sugar production in … Read more

Pakistan’s environment is conducive for a new oil refinery, Hammad Azhar

The Minister for Energy, Hammad Azhar, has expressed optimism for establishing a new oil refinery because Pakistan’s environment is feasible for that purpose. The minister expressed these views in a meeting with the Saudi Ambassador Nawaf bin Saeed Al-Maliki. Hammad Azhar also said that Pakistan and Saudi Arabia have extensive brotherly relations built on shared … Read more

British companies urged to invest in Pakistan

British businesses have been encouraged to invest in Pakistan as part of an ongoing program of events run by the UK government to highlight new opportunities. As per details, the webinar titled ‘Doing Business in Pakistan’ was held on April 29, 2021. It brought together three exceptional panelists who have welcomed the support offered by … Read more

Foreign direct investment to Pakistan down by 30% in eight months

The net inflow of foreign direct investment (FDI) declined 30 percent during the first eight months (July–February) of the current financial year (2020-21) owing to a significant increase in outflows. According to data released by State Bank of Pakistan (SBP) yesterday, the FDI fell to $1.3 billion during first eight months of the current fiscal year as … Read more