Trends - startup - Business Recorder

startup

Pakistan’s logistics startup Trax says it has raised $3.7mn in seed funding

Company aims to use investment to accelerate growth of logistics services, introduction of new business verticals

Updated 24 Mar, 2023 08:17pm

Business & Finance

IGI Life Insurance to launch pension fund with Mahaana Wealth as investment advisor

IGI Life Insurance is set to launch a pension fund in partnership with Mahaana Wealth, Pakistan’s first digital...

Published 22 Mar, 2023 04:15am

Technology

Pakistan to miss IT export target unless human talent is developed: VP Emeritus

IT exports stand at mere $1.52 billion in first seven months of fiscal year 2023

Published 18 Mar, 2023 08:27pm

Technology

Pakistan's edtech startup Maqsad says it has raised $2.8mn in seed funding

Funding takes its total capital raised to $4.9mn

Published 16 Mar, 2023 01:33pm

Business & Finance

Pakistan to produce a unicorn by 2025: Endeavor Managing Partner Allen Taylor

Says 20 unicorns are possible in the country by 2030

Updated 12 Mar, 2023 02:29pm

Pakistan

Pakistan’s fintech Trukkr says it has raised $6.4mn in seed funding

KARACHI: Trukkr, a fintech platform for Pakistan’s trucking industry, said on Tuesday it had raised $6.4 million in...

Published 07 Mar, 2023 04:22pm

Technology

Pakistan’s 'sustainable fashion' platform Swag Kicks raises $1.2mn seed funding

Swag Kicks, which calls itself a sustainable fashion platform for Millennials and Gen-Z Pakistanis, announced on...

Updated 16 Feb, 2023 04:18pm

BR Research

Startup ecosystem 2022

The startup space in Pakistan, which was seen booming in 2021, had a fair share of ups and downs in 2022 as both...

Published 11 Jan, 2023 08:45am

Technology

The Health Bank, profitable in all markets, wants to double down in Pakistan

Global head of strategy Zarmina Jafar says access to healthcare digitally can be cost-effective for many patients

Published 22 Dec, 2022 05:57am

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

Technology

Startup for improving productivity of remote workers launched

ISLAMABAD: Three Pakistani entrepreneurs have come up with innovative technology solutions aimed at improving the...

Published 25 Sep, 2022 06:01am

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

Pakistan's fintech PostEx acquires Call Courier

Deal makes it largest e-commerce service provider in the country, PostEx says

Published 30 Aug, 2022 12:02pm

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

Business & Finance

SBP tells TAG Innovation to 'refund all outstanding funds to its wallet holders'

Says action has been taken after identification of violations of SBP’s regulatory requirements and other concerns during the pilot operations

Updated 04 Aug, 2022 08:25pm

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

Linkst.ar announces pre-seed funding at $5mn valuation

Linkst.ar, an AI-powered web space that allows freelancers and influencers to sell Direct-to-consumer (D2C) ...

Published 19 Jul, 2022 04:37pm

Technology

A changing environment for Dubai's transport startup Swvl

DUBAI: Higher oil prices have helped Dubai-based transport startup Swvl attract customers as people in its bigger...

Published 19 Jul, 2022 04:10pm

Technology

Pakistan's edtech startup Out-Class raises $500,000

Launched in 2021 as the 'Netflix for students' by LUMS and Harvard alumni, Out-Class aims to become an equaliser for education

Updated 23 Jun, 2022 01:41pm

Technology

Pakistan’s logistics startup Rider says it has raised $3.1mn

Karachi-based startup announces raising funds in round led by YCombinator and new investors including i2i Ventures, Flexport, Soma Capital, and Rebel Fund

Published 20 Jun, 2022 05:59pm

Technology

Pakistan’s Oware raises $3.3mn in pre-seed round

Startup provides warehousing and distribution solutions, will use funds to further fuel product development and talent acquisition

Updated 28 Apr, 2022 08:11pm

Pakistan

Pakistan’s health tech startup medIQ raises $1.8m in early funding

KARACHI: Fund-raising frenzy of Pakistan’s startups continued as medIQ, founded by Dr Saira Siddique in July 2020,...

Updated 21 Apr, 2022 01:40pm

Technology

Another round: Pakistan’s Abhi raises $17mn in Series A funding

Funding round was led by international venture capital firm Speedinvest

Updated 19 Apr, 2022 05:22pm

Technology

Dubai-based Qureos raises $3mn, announces launch of operations in Pakistan

Dubai-based edtech Qureos said on Wednesday that it has raised $3 million in a pre-seed round, announcing also the...

Published 08 Apr, 2022 03:33am

Technology

Pakistan's fintech NayaPay lands $13mn in early-stage funding

Another feather was added to Pakistan’s budding startup sector after NayaPay, a local fintech platform, managed to...

Published 24 Feb, 2022 12:09pm

Technology

GoZayaan acquires Pakistan's FindMyAdventure for $3.5mn

Singapore-based travel startup expands into Pakistan with aim to improve region's travel and tourism infrastructure

Updated 16 Feb, 2022 08:25pm

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

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

Gainers
Losers
Leaders

Stock	Price
Pak Gen.Ins. / Mar 25 The Pakistan General Insurance Co. Ltd.(PKGI)	4.25 ▲ 0.39 (10.10%)
KASB Modaraba / Mar 25 KASB Modaraba(KASBM)	1.25 ▲ 0.11 (9.65%)
Khyber Tex. / Mar 25 Khyber Textile Mills Limited(KHYT)	297.60 ▲ 20.76 (7.50%)
Shield Corp. / Mar 25 Shield Corporation Limited(SCL)	244.99 ▲ 17.09 (7.50%)
Sapphire Fibres / Mar 25 Sapphire Fibres Limited(SFL)	1026.39 ▲ 71.60 (7.50%)
Tandlianwala Sugar / Mar 25 Tandlianwala Sugar Mills Limited(TSML)	83.72 ▲ 5.84 (7.50%)
Khairpur / Mar 25 Khairpur Sugar Mills Limited(KPUS)	57.38 ▲ 4.00 (7.49%)
Pakistan Services / Mar 25 Pakistan Services Limited(PSEL)	1277 ▲ 89.00 (7.49%)
Shahtaj Textile / Mar 25 Shahtaj Textile Limited(STJT)	84.22 ▲ 5.87 (7.49%)
Shakarganj / Mar 25 Shakarganj Limited(SML)	33.50 ▲ 2.33 (7.48%)

Stock	Price
Dewan Sugar / Mar 25 Dewan Sugar Mills Limited(DWSM)	2.22 ▼ -0.29 (-11.55%)
Pak Agro Pack. (GEM) / Mar 25 Pak Agro Packaging Limited (GEM)(GEMPAPL)	7.88 ▼ -1.00 (-11.26%)
HBL Invest Fund / Mar 25 HBL Investment Fund(HIFA)	1.55 ▼ -0.15 (-8.82%)
Kohat Textile / Mar 25 Kohat Textile Mills Limited(KOHTM)	10.55 ▼ -1.00 (-8.66%)
Colony Tex.Mills Ltd / Mar 25 Colony Textile Mills Limited(CTM)	2.41 ▼ -0.21 (-8.02%)
D.S. Ind. Ltd. / Mar 25 D.S. Industries Limited(DSIL)	2.22 ▼ -0.18 (-7.50%)
Gadoon Textile / Mar 25 Gadoon Textile Mills Limited(GADT)	193.33 ▼ -15.67 (-7.50%)
Philip Morris Pak. / Mar 25 Philip Morris (Pakistan) Limited(PMPK)	471.75 ▼ -38.25 (-7.50%)
Quetta Textile / Mar 25 Quetta Textile Mills Limited(QUET)	15.67 ▼ -1.27 (-7.50%)
Masood Textile / Mar 25 Masood Textile Mills Limited(MSOT)	41.42 ▼ -3.33 (-7.44%)

Stock	Volume
Fauji Cement / Mar 25 Fauji Cement Company Limited(FCCL)	17,487,500 ▼ -0.23
WorldCall Telecom / Mar 25 Worldcall Telecom Limited(WTL)	11,071,860 ▼ -0.02
Thatta Cement / Mar 25 Thatta Cement Company Limited(THCCL)	9,211,500 ▼ -0.16
Fauji Foods Ltd / Mar 25 Fauji Foods Limited(FFL)	7,792,084 ▼ -0.14
Ghani Glo Hol / Mar 25 Ghani Global Holdings Limited(GGL)	5,968,150 ▼ -0.59
Telecard Limited / Mar 25 Telecard Limited(TELE)	5,558,000 ▼ -0.52
Hascol Petrol / Mar 25 Hascol Petroleum Limited(HASCOL)	4,387,500 ▼ -0.11
Meezan Bank / Mar 25 Meezan Bank Limited(MEBL)	3,700,308 ▼ -0.27
Cnergyico PK / Mar 25 Cnergyico PK Limited(CNERGY)	3,587,106 ▼ -0.06
Maple Leaf Cement / Mar 25 Maple Leaf Cement Factory Limited(MLCF)	3,522,701 ▼ -0.31

Markets →

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Mar 22	285.50
USD PKR Interbank Buying / Mar 22	283.20
USD to Japanese Yen / Mar 24	130.73
USD to Swiss Franc / Mar 24	0.92
Pound Sterling to USD / Mar 24	1.22
Euro to USD / Mar 24	1.08
UK LIBOR % / Mar 22	4.56

Stock	Volume
S&P 500 / Mar 24	3970.99
India Sensex / Mar 24	57527.10
Tokyo Nikkei / Mar 24	27385.25
Nasdaq / Mar 24	11823.96
Hang Seng / Mar 24	19915.68
FTSE 100 / Mar 24	7405.45
Dow Jones / Mar 24	32237.53
Germany DAX 30 / Mar 24	14957.23
France CAC40 / Mar 24	7015.10

Item	Value
Karachi Cotton PKR/37.32 KG / Mar 21	19235
Gold 10 Grams PKR / Mar 22	175068
Crude Oil USD/Barrel / Mar 24	69.26
Gold Spot USD/Ounce / Mar 24	1978.21
Cotton US¢/pound / Mar 24	76.54

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