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startups in Pakistan

Pakistan’s startups: Grit amid the grind

The startup ecosystem of Pakistan has seen significant highs and lows over the last 5 years. Rising amid VC funding...

Published 19 Dec, 2024 08:45am

Business & Finance

Pakistan’s LAAM Technologies raises $5.5mn seed funding

KARACHI: Pakistan-based technology-driven fashion startup, LAAM Technologies has successfully raised $5.5 million in...

Updated 13 Dec, 2024 11:02pm

Business & Finance

COLABS announces raising $2mn in pre-Series A funding

Pakistan’s workplace platform COLABS announced on Thursday that it has raised $2 million in a pre-Series A round led...

Published 24 Oct, 2024 09:00am

Markets

Two Pakistani startups included in Forbes Asia 100 to Watch 2024 list

Two Pakistani startups, DealCart and NayaPay, have made their way to the Forbes list of Asia 100 To Watch 2024....

Published 27 Aug, 2024 10:54pm

Technology

PostEx announces $7.3mn pre-series A funding for expansion in Pakistan, GCC

PostEx, a prominent player in Pakistan’s financial technology sector, announced on Tuesday the completion of a $7.3...

Updated 20 Aug, 2024 10:51pm

Business & Finance

Electric motorcycles: Zyp Technologies announces $1.5mn Series Pre-A funding

Zyp Technologies, which operates in the energy and electric motorcycle assembly space, announced on Tuesday that it...

Updated 23 Jul, 2024 02:18pm

Markets

6 months of 2024: Pakistan’s startup funding falls 92%, amounts to measly $3mn

Pakistan’s startups attracted a measly $3 million in the first half of 2024, a massive 92% lower year-on-year,...

Updated 10 Jul, 2024 11:27pm

Technology

Pakistan’s DealCart announces $3mn seed round led by international investors

DealCart, a Pakistani social e-commerce startup, announced on Thursday that it has successfully raised $3 million in...

Updated 05 Jul, 2024 07:09pm

BR Research

Startups in Pakistan: all gloom and doom?

“Booming startup funding; VC interest burgeoning in Pakistan’s tech startups.” Such were the headlines back in 2021...

Published 16 May, 2024 09:03am

Business & Finance

‘Pitch2Fork’: Startups from Pakistan, India & BD showcase their initiatives

LAHORE: Entrepreneurs across Pakistan, India and Bangladesh recently presented their initiatives to a panel of...

Published 16 May, 2024 06:28am

Markets

Delivery startup Krave Mart sees change in buying behaviour amid inflation spike

Pakistanis are opting for cheaper brands, be it cooking oil, hand wash, or soaps, as inflation has caused...

Updated 03 Feb, 2024 08:44pm

Technology

Pakistan Startup Fund to start receiving applications from March: Dr Umar Saif

The Pakistan Startup Fund (PSF), launched to facilitate startup investment, will commence accepting funding...

Published 31 Jan, 2024 03:00pm

Technology

Y Combinator-backed Elevate enters Pakistan, aims to resolve freelancers’ payment woes

Offers services alternative to platforms such as Wise and Payoneer

Updated 22 Jan, 2024 10:52pm

Pakistan

Youths urged to focus on start-ups

FAISALABAD: Youth must exploit their capabilities to explore new horizons instead of treading on the beaten tracks,...

Published 20 Jan, 2024 05:18am

Pakistan

Caretaker govt formally launches ‘Pakistan Startup Fund’

Will aim to invest up to Rs2bn a year in startups

Updated 09 Jan, 2024 10:26pm

BR Research

Startup ecosystem 2023

The year 2021 was a defining moment for tech firms, with significant global expansion. The trend continued through...

Published 03 Jan, 2024 09:01am

Pakistan

Pakistan’s startup funding falls 77.2% in 2023

Total amount stood at $75.6mn against $332.4mn in 2022

Published 01 Jan, 2024 04:59pm

Technology

Pakistan startup Sehat Kahani announces $2.7mn Series A round

Sehat Kahani, a Pakistani health-tech startup, announced on Thursday that it has closed a $2.7-million Series A...

Updated 21 Dec, 2023 10:18pm

Business & Finance

After expanding to Bangladesh and UAE, Pakistani startup Abhi has plans for ‘further growth’

Founder Omair Ansari praises Dubai International Financial Centre, and Abu Dhabi Global Market for support along the way

Updated 21 Dec, 2023 10:03am

Technology

CodeNinja secures $1.6mn investment led by sAi Venture Capital

LAHORE: CodeNinja, a technology solutions provider, has secured an investment of $1.6 million led by sAi Venture...

Updated 05 Dec, 2023 10:10pm

Business & Finance

Too big to ignore: this partner at Dubai-based VC firm has a ‘long-term view’ on markets like Pakistan

Sacha Haider, who sees 5-10 pitchdecks a week from different markets, believes UAE and Dubai’s B2G model is perfectly viable for Pakistan as well

Updated 30 Nov, 2023 10:28am

Technology

Startup founders: why this Pakistani couple moved to Dubai after setting up Metric

Meenah Tariq and Omar Parvez Khan set up Metric in 2022 - an app that simplifies accounting and finance for...

Updated 24 Nov, 2023 10:23am

Technology

In Dubai, Dr Umar Saif was a man with a few ‘missions’

Caretaker IT minister believes establishment of ‘Pakistan Startup Fund’ will help attract VCs to country

Updated 20 Oct, 2023 08:36am

Markets

Pakistani ecommerce logistics startup Rider looking to acquire BlueEx

KARACHI: Pakistani ecommerce logistics startup Rider, backed by YCombinator, is looking into acquiring BlueEx, the...

Updated 05 Oct, 2023 04:17pm

Technology

Startups crucial to keeping economy on investors’ radar: Paismo co-founder Rebecka Zavaleta

KARACHI: Startups across the world may be struggling, but in Pakistan’s case, there is an added trouble – its...

Published 21 Sep, 2023 06:50am

Pakistan

Minister for setting up govt backed VC Fund

ISLAMABAD: The Federal Minister for Information Technology and Telecommunication, Dr Umer Saif, envisaged setting up...

Published 21 Sep, 2023 06:08am

Pakistan

USAID Mission delegates meet minister: ‘Venture capital fund being set up for global investors

ISLAMABAD: “A venture capital fund is being set up for global investors with government assistance, which will...

Published 15 Sep, 2023 06:31am

Technology

With aim to enable electric motorcycles in Pakistan, Zyp Technologies announces $1.2mn seed round

Startup’s assembly plant is based in Lahore where it has capacity to produce 8,000 electric motorcycles a year

Updated 12 Sep, 2023 05:01pm

Technology

In developing countries, local businesses should step up to fund startups: US-based expert

BOSTON, MASSACHUSETTS: Pakistan’s startup ecosystem is going through a difficult phase and it is being reflected in...

Updated 09 Sep, 2023 04:52pm

Technology

Looking to tackle outdated HR functions, Pakistan’s Paismo announces raising $1.3mn in seed round

KARACHI: Pakistan’s HR tech startup Paismo on Tuesday announced it has raised $1.3 million in a seed round, which...

Updated 22 Aug, 2023 09:42am

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / May 16	281.70
USD PKR Interbank Buying / May 16	281.50
USD to Japanese Yen / May 16	145.21
USD to Swiss Franc / May 16	0.83
Pound Sterling to USD / May 16	1.33
Euro to USD / May 16	1.12
UK LIBOR % / May 14	4.96

Stock	Volume
S&P 500 / May 15	5,916.93
Nasdaq / May 15	19,112.32
Dow Jones / May 15	42,322.75
India Sensex / May 16	82,241.91
Tokyo Nikkei / May 16	37,762.61
Hang Seng / May 16	23,345.94
FTSE 100 / May 16	8,686.51
Germany DAX 30 / May 16	23,854.97
France CAC40 / May 16	7,901.67

Item	Value
Karachi Cotton PKR/37.32 KG / May 15	16,985
Gold 10 Grams PKR / May 15	287,379
Crude Oil USD/Barrel / May 16	61.55
Gold Spot USD/Ounce / May 16	3,224.61
Cotton US¢/pound / May 16	65.53
Petrol/Litre / May 17	252.63
Diesel/Litre / May 17	254.64

Gainers
Losers
Leaders

Stock	Price
Equity Modaraba / May 16 First Equity Modaraba(FEM)	3.45 ▲ 0.6 (21.05%)
Pak. P.V.C. / May 16 Pakistan PVC Limited(PPVC)	8.40 ▲ 1 (13.51%)
First Capital Equities / May 16 First Capital Equities Limited(FCEL)	4.50 ▲ 0.52 (13.07%)
Dewan Mushtaq / May 16 Dewan Mushtaq Textile Mills Limited(DMTM)	10.83 ▲ 1 (10.17%)
AN Textile Mills / May 16 AN Textile Mills Limited(ANTM)	13.06 ▲ 1.19 (10.03%)
Sitara Peroxide / May 16 Sitara Peroxide Limited(SPL)	13.73 ▲ 1.25 (10.02%)
Fast Cables / May 16 Fast Cables Limited(FCL)	24.16 ▲ 2.2 (10.02%)
Pak Synthetics / May 16 Pakistan Synthetics Limited(PSYL)	62.34 ▲ 5.67 (10.01%)
Bawany Air Products / May 16 Bawany Air Products Limited(BAPL)	44.17 ▲ 4.02 (10.01%)
Kohinoor Mills / May 16 Kohinoor Mills Limited(KML)	32.09 ▲ 2.92 (10.01%)

Stock	Price
Parmount Sp. / May 16 Paramount Spinning Mills Limited(PASM)	3.16 ▼ -0.54 (-14.59%)
Tariq Corp.Pref. / May 16 Tariq Corporation Limited-Preference Shares(TCORPCPS)	7.14 ▼ -0.97 (-11.96%)
TPL Life Insur. / May 16 TPL Life Insurance Limited(TPLL)	47.57 ▼ -5.27 (-9.97%)
Apna Microfin. / May 16 Apna Microfinance Bank Limited(AMBL)	9.05 ▼ -0.99 (-9.86%)
Crescent Cotton / May 16 Crescent Cotton Mills Limited(CCM)	48.20 ▼ -5.26 (-9.84%)
Ellcot Spinning / May 16 Ellcot Spinning Mills Limited(ELSM)	101.65 ▼ -10.54 (-9.39%)
East West Ins. / May 16 East West Insurance Company Limited(EWIC)	52 ▼ -5.29 (-9.23%)
Shams Textile / May 16 Shams Textile Mills Limited(STML)	24.30 ▼ -2.43 (-9.09%)
B. F. Mod. / May 16 B.F. Modaraba(BFMOD)	7.95 ▼ -0.78 (-8.93%)
Olympia Mills / May 16 Olympia Mills Limited(OML)	46.20 ▼ -4.27 (-8.46%)

Stock	Volume
At-Tahur Ltd. / May 16 At-Tahur Limited(PREMA)	44,317,984 ▲ 0.21
Cnergyico PK / May 16 Cnergyico PK Limited(CNERGY)	32,148,988 ▼ -0.18
Lotte Chemical / May 16 Lotte Chemical Pakistan Limited(LOTCHEM)	28,049,504 ▲ 1.31
Pak Refinery / May 16 Pakistan Refinery Limited(PRL)	24,229,848 ▼ -0.52
K-Electric Ltd. / May 16 K-Electric Limited(KEL)	18,507,342 ▼ -0.04
Pak Elektron / May 16 Pak Elektron Limited(PAEL)	18,144,829 ▼ -1.47
WorldCall Telecom / May 16 Worldcall Telecom Limited(WTL)	16,543,964 ▼ -0.02
Fauji Foods Ltd / May 16 Fauji Foods Limited(FFL)	15,849,609 ▲ 0.05
P.T.C.L. / May 16 Pakistan Telecommunication Company Ltd(PTC)	15,650,899 ▲ 0.64
Sui South Gas / May 16 Sui Southern Gas Company Limited(SSGC)	14,606,631 ▼ -1.2

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