ANL 32.80 Decreased By ▼ -0.76 (-2.26%)
ASC 14.60 Decreased By ▼ -0.46 (-3.05%)
ASL 22.89 Decreased By ▼ -0.79 (-3.34%)
AVN 87.88 Decreased By ▼ -3.62 (-3.96%)
BOP 7.97 Increased By ▲ 0.06 (0.76%)
BYCO 9.96 Decreased By ▼ -0.01 (-0.1%)
DGKC 116.20 Decreased By ▼ -4.28 (-3.55%)
EPCL 53.50 No Change ▼ 0.00 (0%)
FCCL 23.68 Decreased By ▼ -0.12 (-0.5%)
FFBL 27.55 Decreased By ▼ -0.09 (-0.33%)
FFL 15.30 Decreased By ▼ -0.45 (-2.86%)
HASCOL 9.25 Decreased By ▼ -0.15 (-1.6%)
HUBC 76.50 Decreased By ▼ -1.40 (-1.8%)
HUMNL 6.19 Decreased By ▼ -0.15 (-2.37%)
JSCL 20.51 Decreased By ▼ -0.64 (-3.03%)
KAPCO 38.70 Decreased By ▼ -1.14 (-2.86%)
KEL 3.76 Decreased By ▼ -0.01 (-0.27%)
LOTCHEM 15.50 Decreased By ▼ -0.18 (-1.15%)
MLCF 43.75 Decreased By ▼ -1.25 (-2.78%)
PAEL 32.70 Decreased By ▼ -1.40 (-4.11%)
PIBTL 9.95 Decreased By ▼ -0.25 (-2.45%)
POWER 8.65 Decreased By ▼ -0.28 (-3.14%)
PPL 83.30 Decreased By ▼ -1.30 (-1.54%)
PRL 24.05 Increased By ▲ 0.06 (0.25%)
PTC 9.15 Decreased By ▼ -0.34 (-3.58%)
SILK 1.36 Decreased By ▼ -0.08 (-5.56%)
SNGP 39.35 Decreased By ▼ -1.15 (-2.84%)
TRG 171.00 Decreased By ▼ -2.00 (-1.16%)
UNITY 31.25 Decreased By ▼ -1.12 (-3.46%)
WTL 1.52 Decreased By ▼ -0.10 (-6.17%)
BR100 4,825 Decreased By ▼ -39.51 (-0.81%)
BR30 25,060 Decreased By ▼ -492.1 (-1.93%)
KSE100 44,930 Decreased By ▼ -376.93 (-0.83%)
KSE30 18,375 Decreased By ▼ -128.29 (-0.69%)

Coronavirus
VERY HIGH
Pakistan Deaths
16,842
14424hr
Pakistan Cases
784,108
587024hr
Sindh
275,815
Punjab
282,469
Balochistan
21,365
Islamabad
72,150
KPK
110,875
Pakistan

SBP in talks to introduce venture capitalist friendly regulations, says Aidrus  

Tania Aidrus says that the government role in startup sector is to facilitate startups by introducing regulations a
04 Feb 2020
  • Tania Aidrus says that the government role in startup sector is to facilitate startups by introducing regulations and creating a safe environment for venture capitalist.

In order to boost up the startup culture in Pakistan, the country’s central bank is in talks with the Venture Capital Association of Pakistan (VCAP) to identify the changes needed in regulations to facilitate venture capitalists.

Informed former Google's executive and chief of Digital Pakistan Vision, Tania Aidrus, she says: “We cannot change regulations without understand the issues”.  While talking to media, Aidrus said that the government and the State Bank of Pakistan have a major role to counter this issue.

“People invest by watching others, if they trust someone and they are investing somewhere the people also start investing, this trend is all over the world and is in a very nascent stage in Pakistan,” said Aidrus. The techie was of the view that the positive developments in Pakistan startup scene would boost investor confidence.

Back in December, Prime Minister Imran Khan launched the “Digital Pakistan Vision", with former Google's executive Tania Aidrus at the helm of the initiative. The program focuses on access and connectivity, digital infrastructure, digital skills, innovation and entrepreneurship.

Aidrus said that the government role in this sector is to facilitate startups by introducing regulations and creating a safe environment for venture capitalist. “At present, the foreign investors say that they do not want to invest in Pakistan, and demand to incorporate the company abroad,” she said.

Earlier, a report published by McKinsey & Co's, Pakistan is one of the fastest-growing economies in Asia, with 720 startups established since 2010, some 67 percent of it are still running and 100 are successfully raising funding says McKinsey & Co's.