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Startups

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

Technology

Pakistani fintech AdalFi raises $7.5mn to tackle lending challenges

KARACHI: Pakistani digital lending platform AdalFi said on Thursday it has raised $7.5 million in funding, the first...

Updated 16 Feb, 2023 03:15pm

Business & Finance

MAGNiTT publishes 2023 edition of Emerging Venture Markets Report

KARACHI: MAGNiTT, the largest verified data platform tracking venture capital investments across emerging markets,...

Published 17 Jan, 2023 06:02am

Markets

Largest takeover of local startup by a US firm: PSX hosts gong ceremony to mark acquisition of Cloudways by DigitalOcean

KARACHI: The Pakistan Stock Exchange (PSX) welcomed Lord Aamer Sarfraz of Kensington, who is a senior adviser to...

Published 06 Jan, 2023 05:58am

Pakistan

KE announces winners of ‘innovation challenge’

KARACHI: K-Electric (KE) announced the winners for the first 7/11+ Innovation Challenge in partnership with...

Published 28 Nov, 2022 06:51am

Business & Finance

Gender inclusivity in tech startups a strategic imperative: Sadaffe Abid

CIRCLE founder says women-led startups get lower funding and this trend needs to change

Published 18 Nov, 2022 08:58pm

Business & Finance

500 Global teams up with JS Group to support startups

KARACHI: The 500 Global, one of the most active venture capital firms in the world, has partnered with JS Group, one...

Published 02 Nov, 2022 04:37am

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

Markets

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

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

Business & Finance

It takes a lot to get a startup off the ground, but certain factors help

Sarmayacar, a VC firm, helps explain the process of fundraising and making an investors’ pitch

Updated 26 Aug, 2022 11:51am

Pakistan

Pakistan to see its first digital wealth management company with launch of Mahaana

The company recently closed a $2.1-million pre-seed round, will introduce technology-led investment management in the country

Updated 23 Aug, 2022 09:23am

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

Business & Finance

For Pakistan’s start-ups, the ‘journey has just started’

Partner at Keystone Law says UAE and Dubai in particular should be explored for setting up headquarters

Updated 30 Jul, 2022 11:49am

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

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

Business & Finance

Backed by Dubai and Pakistan investors, GOHO Rooms aims to expand footprint

Company looking to ride on growth of Pakistan's tourism sector

Published 13 Jul, 2022 05:02pm

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

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

BR Research

Red alert for startups too?

Pakistan’s startup space has witnessed tremendous growth over the last two years. And while the country has long...

Published 16 Jun, 2022 10:13am

Technology

Pakistan's B2B platform Dastgyr grabs $37mn investment in Series A round

Deal is Veon Ventures’ largest investment in a Pakistani start-up

Updated 14 Jun, 2022 03:09pm

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

Technology

Swvl hits pause on intra-city rides in Pakistan, days after announcing global job cuts

Pakistan is one of the company’s highest B2C revenue contribution and profitability markets

Published 02 Jun, 2022 06:56pm

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

Business & Finance

Why do startups like setting up shop in Dubai?

Businesses thrive in Dubai, which would explain why it was just announced that more than 3,000 new member companies...

Updated 27 May, 2022 04:15pm

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Mar 25 786 Investments Limited(786)	4.95 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Mar 25 Al-Abbas Sugar Mills Limited(AABS)	361.20 ▼ 0.00 (0.00%)
Agro Allianz / Mar 25 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Mar 25 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Mar 25 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Mar 25 Allied Bank Limited(ABL)	62.50 ▼ 0.00 (0.00%)
Abbott Lab. / Mar 25 Abbott Laboratories (Pakistan) Limited(ABOT)	398.28 ▼ 0.00 (0.00%)
Abson Ind. / Mar 25 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Mar 25 Alfalah Consumer Index ETF.(ACIETF)	6.72 ▼ 0.00 (0.00%)
Attock Cement / Mar 25 Attock Cement Pakistan Limited(ACPL)	56.07 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Mar 25 786 Investments Limited(786)	4.95 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Mar 25 Al-Abbas Sugar Mills Limited(AABS)	361.20 ▲ 0.00 (0.00%)
Agro Allianz / Mar 25 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Mar 25 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Mar 25 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / Mar 25 Allied Bank Limited(ABL)	62.50 ▲ 0.00 (0.00%)
Abbott Lab. / Mar 25 Abbott Laboratories (Pakistan) Limited(ABOT)	398.28 ▲ 0.00 (0.00%)
Abson Ind. / Mar 25 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Mar 25 Alfalah Consumer Index ETF.(ACIETF)	6.72 ▲ 0.00 (0.00%)
Attock Cement / Mar 25 Attock Cement Pakistan Limited(ACPL)	56.07 ▲ 0.00 (0.00%)

Stock	Volume
WorldCall Telecom / Mar 25 Worldcall Telecom Limited(WTL)	4,011,170 ▲ 0.00
Telecard Limited / Mar 25 Telecard Limited(TELE)	3,877,000 ▲ 0.00
TPL Properties / Mar 25 TPL Properties Limited(TPLP)	1,839,174 ▲ 0.00
Pak Elektron / Mar 25 Pak Elektron Limited(PAEL)	1,788,500 ▲ 0.00
Fauji Cement / Mar 25 Fauji Cement Company Limited(FCCL)	1,517,500 ▲ 0.00
Ghani Glo Hol / Mar 25 Ghani Global Holdings Limited(GGL)	1,464,753 ▲ 0.00
TRG Pak Ltd / Mar 25 TRG Pakistan Limited(TRG)	1,323,297 ▲ 0.00
Cnergyico PK / Mar 25 Cnergyico PK Limited(CNERGY)	1,307,610 ▲ 0.00
Fauji Foods Ltd / Mar 25 Fauji Foods Limited(FFL)	1,204,138 ▲ 0.00
Hascol Petrol / Mar 25 Hascol Petroleum Limited(HASCOL)	1,161,000 ▲ 0.00

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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