Trends - Y Combinator - Business Recorder

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اردو

Sep 23, 2025 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►

Y Combinator

Elevate secures financing of $5m

KARACHI: Elevate, a fintech, based in London and Dubai, has secured financing of $5 million to expand further into...

Published 07 Jun, 2024 06:24am

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

BR100
BR30
KSE100
KSE30
KMI30

1D 5D 3M 6M 1Y

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Sep 19	281.52
USD PKR Interbank Buying / Sep 19	281.27
USD to Japanese Yen / Sep 19	147.95
USD to Swiss Franc / Sep 19	0.80
Pound Sterling to USD / Sep 19	1.35
Euro to USD / Sep 19	1.17
UK LIBOR % / Sep 19	4.96

Stock	Volume
S&P 500 / Sep 19	6,664.36
India Sensex / Sep 19	82,626.23
Tokyo Nikkei / Sep 19	45,045.81
Nasdaq / Sep 19	22,631.48
Hang Seng / Sep 19	26,545.10
FTSE 100 / Sep 19	9,216.67
Dow Jones / Sep 19	46,315.27
Germany DAX 30 / Sep 19	23,639.41
France CAC40 / Sep 19	7,853.59

Item	Value
Crude Oil USD/Barrel / Sep 19	63.68
Karachi Cotton PKR/37.32 KG / Sep 19	15,580
Gold 10 Grams PKR / Sep 19	332,218
Gold Spot USD/Ounce / Sep 19	3,685.30
Cotton US¢/pound / Sep 19	66.29
Petrol/Litre / Sep 23	264.61
Diesel/Litre / Sep 23	272.77

Gainers
Losers
Leaders

Stock	Price
Cres.Star Ins. / Sep 19 Crescent Star Insurance Limited(CSIL)	6.37 ▲ 1 (18.62%)
First Punjab Modaraba / Sep 19 First Punjab Modaraba(FPJM)	7.35 ▲ 0.77 (11.7%)
D.S. Ind. Ltd. / Sep 19 D.S. Industries Limited(DSIL)	10.18 ▲ 1 (10.89%)
B.O.Punjab / Sep 19 The Bank of Punjab(BOP)	26.27 ▲ 2.39 (10.01%)
Metro Steel / Sep 19 Metropolitan Steel Corporation Limited(MSCL)	18.68 ▲ 1.7 (10.01%)
At-Tahur Ltd. / Sep 19 At-Tahur Limited(PREMA)	48.13 ▲ 4.38 (10.01%)
Tariq Corporation / Sep 19 Tariq Corporation Limited(TCORP)	18.91 ▲ 1.72 (10.01%)
Crescent Cotton / Sep 19 Crescent Cotton Mills Limited(CCM)	61.78 ▲ 5.62 (10.01%)
Calcorp Ltd / Sep 19 Calcorp Limited(CASH)	45.94 ▲ 4.18 (10.01%)
Beco Steel Ltd / Sep 19 Beco Steel Limited(BECO)	28.92 ▲ 2.63 (10%)

Stock	Price
Media Times Ltd / Sep 19 Media Times Limited(MDTL)	5.35 ▼ -0.63 (-10.54%)
Idrees Tex. / Sep 19 Idrees Textile Mills Limited(IDRT)	26.46 ▼ -2.94 (-10%)
J.K.Spinning / Sep 19 J.K. Spinning Mills Limited(JKSM)	247.10 ▼ -27.46 (-10%)
First Elite Cap.Mod / Sep 19 First Elite Capital Modaraba(FECM)	33.80 ▼ -3.75 (-9.99%)
F. Nat.Equities / Sep 19 First National Equities Limited(FNEL)	8.55 ▼ -0.91 (-9.62%)
First AL-Noor Mod. / Sep 19 First Al-Noor Modaraba(FANM)	6.25 ▼ -0.62 (-9.02%)
Universal Ins. / Sep 19 The Universal Insurance Company Limited(UVIC)	32.50 ▼ -3.21 (-8.99%)
Reliance Weaving / Sep 19 Reliance Weaving Mills Limited(REWM)	105.19 ▼ -9.18 (-8.03%)
Olympia Mills / Sep 19 Olympia Mills Limited(OML)	36.50 ▼ -3.05 (-7.71%)
Wasl Mobility Mod. / Sep 19 Wasl Mobility Modaraba(WASL)	6.09 ▼ -0.5 (-7.59%)

Stock	Volume
Cnergyico PK / Sep 19 Cnergyico PK Limited(CNERGY)	169,773,055 ▼ -0.34
B.O.Punjab / Sep 19 The Bank of Punjab(BOP)	165,854,902 ▲ 2.39
WorldCall Telecom / Sep 19 Worldcall Telecom Limited(WTL)	162,011,397 ▼ -0.11
Pak Int.Bulk / Sep 19 Pakistan International Bulk Terminal(PIBTL)	135,091,867 ▲ 0.51
K-Electric Ltd. / Sep 19 K-Electric Limited(KEL)	94,275,609 ▲ 0.02
Bank Makramah / Sep 19 Bank Makramah Limited(BML)	89,879,525 ▲ 0.65
P.T.C.L. / Sep 19 Pakistan Telecommunication Company Ltd(PTC)	77,889,542 ▲ 1.6
Fauji Foods Ltd / Sep 19 Fauji Foods Limited(FFL)	74,618,668 ▲ 0.09
Telecard Limited / Sep 19 Telecard Limited(TELE)	66,954,977 ▼ -0.23
Kohinoor Spinning / Sep 19 Kohinoor Spinning Mills Limited(KOSM)	58,032,740 ▼ -0.21

Three fertiliser plants: Pakistan govt allocates 222 MMCFD indigenous gas

Late profit-taking wipes out intra-day gains at KSE-100 Index

Construction, interpretation of fiscal, tax statutes: ‘Literal’ approach required to be adopted: SC

Bestway Cement to enter Pakistan auto sector

Pakistan’s TOMCL seals $8.1mn beef export deal with UAE’s Gold Crest Trading

95% Pakistan builders, developers avail amnesty scheme sans compliance

Defence deal with KSA: symbolism, stakes, and reality

Repeated non-compliance: PM Shehbaz slams ministries, divisions

⇧

Y Combinator

Elevate secures financing of $5m

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

Most Popular

Three fertiliser plants: Pakistan govt allocates 222 MMCFD indigenous gas

Late profit-taking wipes out intra-day gains at KSE-100 Index

Construction, interpretation of fiscal, tax statutes: ‘Literal’ approach required to be adopted: SC

Bestway Cement to enter Pakistan auto sector

Pakistan’s TOMCL seals $8.1mn beef export deal with UAE’s Gold Crest Trading

95% Pakistan builders, developers avail amnesty scheme sans compliance

Defence deal with KSA: symbolism, stakes, and reality

Repeated non-compliance: PM Shehbaz slams ministries, divisions

Construction, interpretation of fiscal, tax statutes: ‘Literal’ approach required to be adopted: SC

Tax exemptions, revenue loss, tax expenditure: FBR uses data of more than 80 entities for calculation

Thar coal transportation by PR: Lucky warns of systemic risks to energy supply chain

Finally, Power Div unveils CTBCM

PTCL–Telenor merger decision likely within two weeks: CCP chairman

PM Shehbaz to address UNGA, meet Trump with ‘select’ Muslim leaders: FO

India beat Pakistan, refuse handshakes in Asia Cup

Coming full circle: how ex-Careem MD Junaid Iqbal ended up founding Caravan Media in Dubai

Construction, interpretation of fiscal, tax statutes: ‘Literal’ approach required to be adopted: SC

Three fertiliser plants: Pakistan govt allocates 222 MMCFD indigenous gas

Pakistan likely to meet all IMF performance criteria in upcoming review: Topline

Late profit-taking wipes out intra-day gains at KSE-100 Index

Finally, Power Div unveils CTBCM

Bestway Cement to enter Pakistan auto sector

PTCL–Telenor merger decision likely within two weeks: CCP chairman

Thar coal transportation by PR: Lucky warns of systemic risks to energy supply chain