Trends - funding - Business Recorder

funding

Karachi-based 'financial wellness' platform Neem raises $2.5mn

Funding to be utilised to serve financial wellness to Pakistan’s underbanked communities, says Neem

Updated 13 Sep, 2022 03:45pm

Pakistan

Extended Fund Facility: Pakistan receives Letter of Intent from IMF

Board meeting expected at the end of August

Updated 12 Aug, 2022 08:11pm

Technology

Pakistan’s fintech OneLoad secures $11mn in funding: Systems Limited

Will utilise funding for business expansion, launching multiple new products and expanding services in the unbanked Pakistani market, says PSX notice

Updated 01 Aug, 2022 05:03pm

Technology

Sequoia enters Pakistan with Dbank investment

Pakistan-based fintech announces raising $17.6mn in seed round, the largest in country's history

Published 30 Jul, 2022 06:33pm

Pakistan

Fitch downgrades Pakistan’s outlook to negative, sees 'considerable risks' to IMF programme

Renewed political volatility could undermine authorities' fiscal and external adjustment, it says

Updated 19 Jul, 2022 03:34pm

BR Research

Startups and funding – where do we stand?

Where Pakistan is ramping up efforts to digitize its retail grocery industry ranging from quick commerce to strict...

Updated 18 Jul, 2022 11:25am

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

Loan of $2.3bn from China credited into SBP account, says Miftah Ismail

SBP also confirms it has received the Chinese consortium loan
Assistance expected to lend support to dwindling foreign exchange reserves

Updated 24 Jun, 2022 08:41pm

Business & Finance

World Bank approves $258mn funding to support Pakistan's healthcare sector

NHSP is co-financed by the International Development Association and the Global Financing Facility for Women, Children and Adolescents

Published 08 Jun, 2022 03:03pm

Technology

After reporting $13mn funding round in Feb, Truck It In announces 'severance packages'

Announcement points to a larger trend of layoffs within tech startups globally

Published 02 Jun, 2022 02:27pm

Technology

Q1CY22: Pakistan's startups carry on with fund-raising momentum

Deal Flow Tracker by Invest2Innovate shows $165 million raised across 15 deals in just three months

Published 02 Apr, 2022 10:10pm

Technology

Lahore-based COLABS raises $3mn in early funding

Will use funds to expand to other cities

Updated 26 Mar, 2022 11:54am

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

Experts react as Senate gives nod to SBP (Amendment) Bill, 2021

Functional focus will move to inflation, says one market expert

Published 28 Jan, 2022 03:28pm

Technology

Pakistan's Find My Doctor raises $5mn in pre-series A funding

Start-up will utilise funds to expand operations

Published 24 Jan, 2022 01:55pm

Technology

Pakistan’s health-tech startup Healthwire raises $3.3mn

Startup intends to use funding to fuel growth

Updated 30 Dec, 2021 03:43pm

Technology

Lahore-based Tazah raises $4.5mn in fresh funding

Amount goes up to $6.5 million in pre-seed round, which is more than the total investment in all other agritech startups combined, the company says

Updated 22 Dec, 2021 07:10pm

Technology

Pakistan's Abhi raises funds at $40-million valuation

Amount of funds raised not disclosed

Published 15 Nov, 2021 11:52am

Business & Finance

KSA financial assistance has nothing to do with IMF negotiations, says Tarin

Advisor to the Prime Minister on Finance and Revenue says talks with IMF are in final phase, will be successfully concluded

Updated 27 Oct, 2021 06:09pm

Technology

Unilever-backed startup raises one of Pakistan's largest early stage funding

Quick delivery-based Munchies announces $2.5-million pre-seed investment

Updated 06 Oct, 2021 11:52am

Technology

Pakistan’s fintech Oraan raises $3m

Pakistan's fintech Oraan has raised $3 million in the largest seed funding closed by a local women-led startup,...

Updated 27 Sep, 2021 03:43pm

Technology

Pakistan's fintech TAG gets $12mn funding at $100mn valuation

Pakistan’s fintech TAG Innovation Pvt. received $12 million from international investors, as it eyes to enhance ...

Published 22 Sep, 2021 03:42pm

Technology

Pakistan's edtech startup Maqsad raises $2.1 million in pre-seed funding

Pakistan's Maqsad, an edtech platform, has become the latest in the string of local startups to raise multi-million...

Updated 20 Sep, 2021 12:48pm

World

World Bank passes $4 bln milestone in funding for COVID-19 vaccines

The World Bank's vaccine financing package can be used by countries to buy vaccine doses through COVAX, the new African Vaccine Acquisition Task Team (AVATT) or other sources.

Published 01 Jul, 2021 12:25am

Technology

Pakistan’s farming solution provider secures funding

The fresh investment will be used by the company to promote its product development and roll-out the first generation of its IoT based intelligent system

Published 16 Feb, 2021 11:00am

Editorials

PTI foreign funding mystery deepens

EDITORIAL: It’s becoming something of a trend that every now and then some surprising, and some not so surprising,...

Published 13 Feb, 2021 04:11am

Technology

Pakistani Tech Startup VINNCORP secures six figure initial investment

VINNCORP, established in November 2017 by two former batch mates of FAST Karachi, with a background experience in leading companies like Microsoft HQ, Salesforce HQ, VMware and Oracle

Published 12 Feb, 2021 10:59am

Technology

Reddit to double its workforce after raising $250M

Reddit to grow its workforce by 100% over the course of this year after raising $250 million in a new funding round.

Updated 09 Feb, 2021 04:58pm

Technology

Just after GameStop frenzy, Reddit raises over $250mn in funding

“We have raised more than $250 million in Series E funding from existing and new investors. We decided that now was the right opportunity to make strategic investments in Reddit including video, advertising, consumer products, and expanding into international markets,” the company announced in a blog post.

Published 09 Feb, 2021 12:16pm

World

UAE significantly slashed funding for Palestinian refugee agency in 2020

The United Arab Emirates drastically reduced funding to the United Nations Agency for Palestinian Refugees (UNRWA) in 2020, as it signed a U.S-brokered normalisation accord with Israel.
The Gulf state contributed $51.8 million to the refugee agency in 2018 and 2019, but it reduced that contribution by an unprecedented margin in 2020, down to a mere $1 million.

Updated 08 Feb, 2021 10:25am

Gainers
Losers
Leaders

Stock	Price
Oilboy Energy / Dec 2 Oilboy Energy Limited(OBOY)	8.72 ▲ 1.00 (12.95%)
Invest Bank / Dec 2 Invest Capital Investment Bank Limited(ICIBL)	1.44 ▲ 0.12 (9.09%)
Allawasaya Tex / Dec 2 Allawasaya Tex. & Finishing Mills Ltd(AWTX)	3229.81 ▲ 225.33 (7.50%)
Buxly Paints / Dec 2 Buxly Paints Limited(BUXL)	108.54 ▲ 7.57 (7.50%)
National Silk / Dec 2 The National Silk & Rayon Mills Limited(NSRM)	19.35 ▲ 1.35 (7.50%)
Premium Textile / Dec 2 Premium Textile Mills Limited(PRET)	685.11 ▲ 47.79 (7.50%)
Pakistan Services / Dec 2 Pakistan Services Limited(PSEL)	861.74 ▲ 60.12 (7.50%)
Frontier Ceram / Dec 2 Frontier Ceramics Limited(FRCL)	27.10 ▲ 1.85 (7.33%)
Leather Up Ltd. / Dec 2 Leather Up Limited(LEUL)	15.73 ▲ 1.06 (7.23%)
Dewan Farooque Sp. / Dec 2 Dewan Farooque Spinning Mills Limited(DFSM)	3.08 ▲ 0.20 (6.94%)

Stock	Price
Ghazi Fabrics / Dec 2 Ghazi Fabrics International Limited(GFIL)	4.41 ▲ -0.99 (-18.33%)
Premier Insurance / Dec 2 Premier Insurance Limited(PINL)	6.20 ▲ -0.84 (-11.93%)
John&Philips / Dec 2 Johnson & Phillips (Pakistan) Limited(JOPP)	40.53 ▲ -3.28 (-7.49%)
The Thal Ind.Corp. / Dec 2 The Thal Industries Corporation Limited(TICL)	263 ▲ -21.00 (-7.39%)
Ghani Glo Hol / Dec 2 Ghani Global Holdings Limited(GGL)	14.75 ▲ -1.15 (-7.23%)
Bilal Fibres / Dec 2 Bilal Fibres Limited(BILF)	3.41 ▲ -0.24 (-6.58%)
D.S. Ind. Ltd. / Dec 2 D.S. Industries Limited(DSIL)	3 ▲ -0.11 (-3.54%)
United Insurance / Dec 2 The United Insurance Company(UNIC)	7.60 ▲ -0.23 (-2.94%)
Cyan Limited / Dec 2 Cyan Limited(CYAN)	23 ▲ -0.65 (-2.75%)
Ist.Dawood Bank / Dec 2 First Dawood Investment Bank Limited(FDIBL)	2 ▲ -0.05 (-2.44%)

Stock	Volume
Dewan Motors / Dec 2 Dewan Farooque Motors Limited(DFML)	5,365,500 ▼ 0.00
Oilboy Energy / Dec 2 Oilboy Energy Limited(OBOY)	2,088,000 ▼ 0.00
Hascol Petrol / Dec 2 Hascol Petroleum Limited(HASCOL)	1,693,500 ▼ 0.00
Balochistan Glass / Dec 2 Balochistan Glass Limited(BGL)	1,619,000 ▼ 0.00
WorldCall Telecom / Dec 2 Worldcall Telecom Limited(WTL)	1,526,472 ▼ 0.00
Ghani Glo Hol / Dec 2 Ghani Global Holdings Limited(GGL)	1,087,260 ▼ 0.00
Ghani Chem. Ind. / Dec 2 Ghani Chemical Industries Limited(GCIL)	980,500 ▼ 0.00
K-Electric Ltd. / Dec 2 K-Electric Limited(KEL)	898,500 ▼ 0.00
Hira Textile / Dec 2 Hira Textile Mills Limited(HIRAT)	779,500 ▼ 0.00
Pak Int.Bulk / Dec 2 Pakistan International Bulk Terminal(PIBTL)	600,000 ▼ 0.00

Markets →

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Dec 1	224.75
USD PKR Interbank Buying / Dec 1	223.75
USD to Japanese Yen / Dec 1	135.06
USD to Swiss Franc / Dec 1	0.94
Pound Sterling to USD / Dec 1	1.23
Euro to USD / Dec 1	1.05
UK LIBOR % / Dec 1	3.82

Stock	Volume
S&P 500 / Dec 1	4076.57
India Sensex / Dec 1	63284.19
Tokyo Nikkei / Dec 1	28226.08
Nasdaq / Dec 1	11482.45
Hang Seng / Dec 1	18736.44
FTSE 100 / Dec 1	7558.49
Dow Jones / Dec 1	34395.01
Germany DAX 30 / Dec 1	14490.30
France CAC40 / Dec 1	6753.97

Item	Value
Crude Oil USD/Barrel / Dec 1	81.46
Karachi Cotton PKR/37.32 KG / Dec 1	16735
Gold 10 Grams PKR / Dec 1	139532
Gold Spot USD/Ounce / Dec 1	1803.61
Cotton US¢/pound / Dec 1	84.85

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