Trends - airlift - Business Recorder

airlift

Startups in Pakistan: where shutdowns kill competition

The past few quarters have proved to be horrendous for Pakistan’s startup sector with the country experiencing major...

Published 06 Jul, 2023 03:16pm

Technology

Edkasa: the startup using TikTok to spark students' love for learning

Founder says startup is ‘opposite of Airlift’ when it comes to making a little funding go a long way

Published 27 Oct, 2022 05:31pm

Perspectives

Startups and their founders: a new normal for all

Last year was a breakout one for Pakistan’s startup sector. More than 80 deals were disclosed and around $350...

Updated 28 Sep, 2022 09:55am

Pakistan

After failure, you must reset yourself: Airlift's co-founder Ahmed Ayub

At IBA event, startup founders and corporate leaders discuss Pakistan's startup landscape

Published 08 Sep, 2022 10:02pm

Technology

'Pakistan’s startup ecosystem needs a few $100mn exits'

Ali Samir Oosman, MD of Endeavor Pakistan, says this will result in massive multiplier effect

Published 06 Sep, 2022 11:58pm

Technology

Bykea announces venturing into car ride-hailing

Posts new product offering in social media post on Friday

Published 26 Aug, 2022 08:01pm

Technology

CarFirst announces shutdown of operations in Pakistan

Says team will remain in place to handle closing of the entity, and to respond to queries from partners and customers throughout the closing period

Updated 20 Aug, 2022 11:16am

Technology

Pakistan's DealCart announces it has raised $4.5mn in pre-seed funding

Company has a 'buy together and save together' model, which allows users to buy in groups, as well as share deals on messaging platforms and social media

Updated 28 Jul, 2022 05:16pm

Technology

Posterchild of Pakistan's startups: Airlift announces complete shutdown

Company says it will ensure all of its employees are 'sufficiently protected' with two months of payroll, setting up platform for job placement, and creating support systems for aspiring entrepreneurs

Published 13 Jul, 2022 02:08am

Business & Finance

With Morinaga partnership, Airlift opens up platform intelligence on q-commerce

KARACHI: As the market leader in q-commerce in Pakistan, Airlift has amassed significant market intelligence on user...

Published 05 Jul, 2022 05:19am

Technology

Pakistan’s startups raise $103mn in April-June, amount 40% lower on quarterly basis

As per Invest2Innovate's deal flow update, 'if you’re a business that bleeds a ton of money without any path to profitability, 2021 may have been your year, but certainly not 2022'

Updated 02 Jul, 2022 08:51pm

Technology

Pakistan’s Bykea raises $10mn in fresh funding from existing backers

Plans to use capital to enhance and extend its offerings in mobility and fulfillment services for consumers and SMEs as well as leveraging its fleet for unique fintech use cases like COD, cash-pickup services, or verification services

Published 27 Jun, 2022 04:03pm

Pakistan

Vitol-backed VavaCars announces shutting down Pakistan operations

The company notified raising $50mn last year to expand operations in Pakistan and Turkey

Published 23 Jun, 2022 09:21pm

From Moody's to Miftah: in case you missed Thursday's developments, here is a rundown

Pakistan's economy has been the centre of attention for several months with inflation readings, hike in interest...

Published 03 Jun, 2022 12:50am

Perspectives

Airlift: trouble in startup paradise?

Airlift Technologies, the startup that in August 2021 raised a whopping $85 million in a fundraising round, last ...

Updated 30 May, 2022 03:43pm

Technology

Karachi-based Bazaar secures $70mn in Series B round

Startup wants to expand operations into more cities and launch new products

Updated 15 Mar, 2022 05:49pm

Technology

Karachi-based Truck It In raises another $13mn in early-stage funding

Seed round is largest for logistics startup in MENA, Pakistan

Published 04 Feb, 2022 12:08pm

Business & Finance

Karachi-based Bazaar Technologies raises $30mn in Series A round

In yet another development for Pakistan's startup ecosystem, Karachi-based Bazaar Technologies, a...

Updated 24 Aug, 2021 12:50pm

Pakistan

PM hails $85m investment in Airlift

ISLAMABAD: Prime Minister Imran Khan on Friday welcomed the recent investment worth $85 million by the world's...

Published 21 Aug, 2021 04:21am

Business & Finance

Logistics solutions: Airlift announces $85m Series B financing

ISLAMABAD: Airlift Technologies has announced $85 million Series B financing led by some of the most iconic ...

Published 19 Aug, 2021 04:15am

Airlift begins for Afghans who worked for US

WASHINGTON: Some 200 Afghans were set to begin new lives in the United States on Friday as an airlift got under way...

Published 31 Jul, 2021 02:06am

World

17 migrants found dead on boat off Spain’s Canary Islands

MADRID: Seventeen people were found dead on a migrant boat off El Hierro in Spain’s Canary Islands on Monday and...

Updated 27 Apr, 2021 10:09am

Pakistan

13 Young Pakistanis Make it to the Forbes 30 Under 30

Thirteen young Pakistanis have made it to the Forbes 30 Under 30 list this year.
The list includes startup founders and young innovators like Hamza Jawaid, Saad Jangda, Muhammad Owais Qureshi, Zohaib Ali, Iman Jamall, Hasib Malik, Yaseen Khalid, M. Saquib Malik, Nabeel Siddiqui, Misha Japanwala, Abdullah Siddiqui, Shayan Mahmud, and Hannia Zia.

Published 23 Apr, 2021 07:54pm

Technology

Indus Valley Capital raises $17.5M in its debut fund to invest in Pakistani startups

Indus Valley Capital (IVC) raises $17.5 million in its debut fund to invest in early-stage Pakistani startups.
While the target size of the fund was $15 million, it was oversubscribed with over 75 individual investors from all around the globe.

Updated 01 Mar, 2021 12:55pm

Business & Finance

Pakistani startups likely to see largest growth of funding in 2021: Report

The report predicted that in 2021, Pakistan is likely to see the largest growth rate of total funding as it continues its strong growth trajectory.

Published 12 Jan, 2021 02:21pm

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Dec 5 786 Investments Limited(786)	5.58 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Dec 5 Al-Abbas Sugar Mills Limited(AABS)	510 ▼ 0.00 (0.00%)
Agro Allianz / Dec 5 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Dec 5 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Dec 5 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Dec 5 Allied Bank Limited(ABL)	85.66 ▼ 0.00 (0.00%)
Abbott Lab. / Dec 5 Abbott Laboratories (Pakistan) Limited(ABOT)	479.11 ▼ 0.00 (0.00%)
Abson Ind. / Dec 5 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Dec 5 Alfalah Consumer Index ETF.(ACIETF)	10.53 ▼ 0.00 (0.00%)
Attock Cement / Dec 5 Attock Cement Pakistan Limited(ACPL)	99.63 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Dec 5 786 Investments Limited(786)	5.58 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Dec 5 Al-Abbas Sugar Mills Limited(AABS)	510 ▲ 0.00 (0.00%)
Agro Allianz / Dec 5 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Dec 5 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Dec 5 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / Dec 5 Allied Bank Limited(ABL)	85.66 ▲ 0.00 (0.00%)
Abbott Lab. / Dec 5 Abbott Laboratories (Pakistan) Limited(ABOT)	479.11 ▲ 0.00 (0.00%)
Abson Ind. / Dec 5 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Dec 5 Alfalah Consumer Index ETF.(ACIETF)	10.53 ▲ 0.00 (0.00%)
Attock Cement / Dec 5 Attock Cement Pakistan Limited(ACPL)	99.63 ▲ 0.00 (0.00%)

Stock	Volume
WorldCall Telecom / Dec 5 Worldcall Telecom Limited(WTL)	57,079,786 ▲ 0.00
Fauji Cement / Dec 5 Fauji Cement Company Limited(FCCL)	41,984,500 ▲ 0.00
Oil & Gas Dev. / Dec 5 Oil & Gas Development Company Limited(OGDC)	23,810,103 ▲ 0.00
Pak Petroleum / Dec 5 Pakistan Petroleum Limited(PPL)	23,518,237 ▲ 0.00
Pak Refinery / Dec 5 Pakistan Refinery Limited(PRL)	22,669,534 ▲ 0.00
Maple Leaf Cement / Dec 5 Maple Leaf Cement Factory Limited(MLCF)	22,423,667 ▲ 0.00
P.T.C.L. / Dec 5 Pakistan Telecommunication Company Ltd(PTC)	21,755,000 ▲ 0.00
Fauji Foods Ltd / Dec 5 Fauji Foods Limited(FFL)	20,839,226 ▲ 0.00
Pak Elektron / Dec 5 Pak Elektron Limited(PAEL)	20,714,512 ▲ 0.00
Cnergyico PK / Dec 5 Cnergyico PK Limited(CNERGY)	18,687,005 ▲ 0.00

Markets →

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Dec 4	284.75
USD PKR Interbank Buying / Dec 4	284.55
USD to Japanese Yen / Dec 4	147.21
USD to Swiss Franc / Dec 4	0.87
Pound Sterling to USD / Dec 4	1.26
Euro to USD / Dec 4	1.08
UK LIBOR % / Dec 1	5.46

Stock	Volume
S&P 500 / Dec 4	4569.78
India Sensex / Dec 4	68865.12
Tokyo Nikkei / Dec 4	33231.27
Nasdaq / Dec 4	14185.50
Hang Seng / Dec 4	16646.05
FTSE 100 / Dec 4	7512.96
Dow Jones / Dec 4	36204.44
Germany DAX 30 / Dec 4	16404.76
France CAC40 / Dec 4	7332.59

Item	Value
Karachi Cotton PKR/37.32 KG / Dec 1	17235
Crude Oil USD/Barrel / Dec 4	73.31
Gold 10 Grams PKR / Dec 4	191701
Gold Spot USD/Ounce / Dec 4	2029.96
Cotton US¢/pound / Dec 4	78.68

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