Trends - funding - Business Recorder

funding

OGDCL expands Reko Diq funding commitment to $627mn

Oil and Gas Development Company Limited (OGDCL), one of Pakistan’s largest E&P, has approved an increase in its...

Updated 25 Mar, 2025 10:17pm

Technology

AI software firm Zip valued at $2.2 bln in latest funding round

AI business software company Zip said on Monday it was valued at $2.2 billion in a funding round led by technology...

Published 21 Oct, 2024 10:33pm

Pakistan

Funding and tax rebate issue: ASA EC takes stock of situation

LAHORE: A meeting of the Executive Council of the Academic Staff Association (ASA) held on Tuesday in the committee...

Published 03 Jul, 2024 07:35am

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

‘Asset-light’: startup Jugnu, after raising $22.5mn in 2022, scales back operations

Jugnu, which pitched itself as a B2B ecommerce startup and announced a fund-raise of $22.5 million in March 2022,...

Updated 19 Jul, 2023 07:37pm

Pakistan

World Bank board approves $100mn for ‘Punjab Family Planning Program’

Project aims to provide timely access to quality family planning services free of charge

Updated 13 Jul, 2023 04:48pm

Markets

‘Significant, but chance to make reforms’: experts react on Pakistan, IMF deal

Pakistan achieved a significant breakthrough by signing a new nine-month Stand-By Arrangement (SBA) deal with the...

Updated 01 Jul, 2023 07:28pm

Markets

World Bank approves $200mn for newly-merged areas of KPK

The latest funding is part of programme agreed with the government to respond to last year's floods

Updated 14 Jun, 2023 07:54pm

Pakistan

USAID announces $16.4mn for Sindh’s flood affectees

Assistance will address worsening food insecurity and malnutrition and help curb the spread of disease

Updated 07 Jun, 2023 03:24pm

Markets

The Searle Company to raise Rs4.25bn through rights issue

The Searle Company Limited (SEARL) said on Thursday it will raise Rs4.25 billion through a rights issue of 121.4...

Published 25 May, 2023 04:10pm

Pakistan

Moody’s warns Pakistan could default without IMF bailout: report

Pakistan’s financing options beyond June are highly uncertain, says analyst with ratings agency

Updated 09 May, 2023 09:39pm

Pakistan

IMF to discuss Pakistan's FY24 budget plans

A successful staff level agreement for the 9th review will unlock a $1.1-bn tranche

Updated 04 May, 2023 02:31pm

Pakistan

Dar confirms rollover of $2bn China loan, says issue is ‘no longer pending’

Denies reports that request for rollover is 'work in progress'

Updated 31 Mar, 2023 06:46pm

Markets

Negative sentiment dents PSX, KSE-100 loses over 500 points

Negative sentiment prevailed at the Pakistan Stock Exchange (PSX), as the benchmark KSE-100 Index ended the first...

Updated 09 Jan, 2023 06:47pm

Pakistan

Flood-affected areas: World Bank approves $1.692bn in financing for five projects in Sindh

3 projects support rehabilitation and housing reconstruction, and restoration of crop production for vulnerable communities, while another 2 support health services for mothers and children

Updated 20 Dec, 2022 05:09pm

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

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

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Apr 30	281
USD PKR Interbank Buying / Apr 30	280.80
USD to Japanese Yen / May 1	145.26
USD to Swiss Franc / May 1	0.83
Pound Sterling to USD / May 1	1.33
Euro to USD / May 1	1.13
UK LIBOR % / Apr 30	4.96

Stock	Volume
India Sensex / Apr 30	80,242.24
Germany DAX 30 / Apr 30	22,496.98
France CAC40 / Apr 30	7,593.87
S&P 500 / May 1	5,604.14
Tokyo Nikkei / May 1	36,705.53
Nasdaq / May 1	17,710.74
Hang Seng / May 1	22,354.05
FTSE 100 / May 1	8,496.80
Dow Jones / May 1	40,752.96

Item	Value
Karachi Cotton PKR/37.32 KG / Apr 30	16,985
Gold 10 Grams PKR / Apr 30	296,476
Crude Oil USD/Barrel / May 1	59.73
Gold Spot USD/Ounce / May 1	3,253.98
Cotton US¢/pound / May 1	66.28
Petrol/Litre / May 2	252.63
Diesel/Litre / May 2	256.64

Gainers
Losers
Leaders

Stock	Price
Dewan Mushtaq / May 2 Dewan Mushtaq Textile Mills Limited(DMTM)	7.96 ▲ 1 (14.37%)
First IBL Mod. / May 2 First IBL Modaraba(FIBLM)	3.15 ▲ 0.35 (12.5%)
Dewan Textile / May 2 Dewan Textile Mills Limited(DWTM)	5.94 ▲ 0.64 (12.08%)
Chenab Ltd (Pref) / May 2 Chenab Limited (Pref)(CLCPS)	2.85 ▲ 0.27 (10.47%)
LSE Capital / May 2 LSE Capital Limited(LSECL)	5 ▲ 0.47 (10.38%)
First Elite Cap.Mod / May 2 First Elite Capital Modaraba(FECM)	13.95 ▲ 1.27 (10.02%)
National Silk / May 2 The National Silk & Rayon Mills Limited(NSRM)	46.71 ▲ 4.25 (10.01%)
Popular Islamic / May 2 Popular Islamic Modaraba(PIM)	15.60 ▲ 1.42 (10.01%)
At-Tahur Ltd. / May 2 At-Tahur Limited(PREMA)	70.54 ▲ 6.41 (10%)
PIA Holding Co.B / May 2 PIA Holding Company Limited B(PIAHCLB)	4,802.96 ▲ 436.63 (10%)

Stock	Price
Tariq Corp.Pref. / May 2 Tariq Corporation Limited-Preference Shares(TCORPCPS)	6.88 ▼ -1 (-12.69%)
Apna Microfin. / May 2 Apna Microfinance Bank Limited(AMBL)	9.89 ▼ -1.1 (-10.01%)
Sunrays Textile / May 2 Sunrays Textile Mills Limited(SUTM)	153.27 ▼ -17.03 (-10%)
Dawood Lawrencepur / May 2 Dawood Lawrencepur Limited(DLL)	194.24 ▼ -21.58 (-10%)
Sanghar Sugar / May 2 Sanghar Sugar Mills Limited(SANSM)	46 ▼ -5 (-9.8%)
Reliance Ins. / May 2 Reliance Insurance Company Limited(RICL)	15.01 ▼ -1.2 (-7.4%)
Tariq Corporation / May 2 Tariq Corporation Limited(TCORP)	13.03 ▼ -0.89 (-6.39%)
Pakgen Power / May 2 Pakgen Power Limited(PKGP)	111.01 ▼ -5.98 (-5.11%)
Jubilee Spinning / May 2 Jubilee Spinning & Weaving Mills Ltd.(JUBS)	12.06 ▼ -0.64 (-5.04%)
AL-Noor Sugar / May 2 Al-Noor Sugar Mills Limited(ALNRS)	72.10 ▼ -3.81 (-5.02%)

Stock	Volume
Cnergyico PK / May 2 Cnergyico PK Limited(CNERGY)	8,635,147 ▼ -0.06
Sui South Gas / May 2 Sui Southern Gas Company Limited(SSGC)	4,544,218 ▲ 1.68
B.O.Punjab / May 2 The Bank of Punjab(BOP)	3,589,289 ▲ 0.32
At-Tahur Ltd. / May 2 At-Tahur Limited(PREMA)	2,835,220 ▲ 6.41
Sui North Gas / May 2 Sui Northern Gas Pipelines Limited(SNGP)	2,753,992 ▲ 2.98
Dewan Cement / May 2 Dewan Cement Limited(DCL)	2,271,912 ▲ 0.43
Pak Elektron / May 2 Pak Elektron Limited(PAEL)	2,267,114 ▲ 0.57
Maple Leaf Cement / May 2 Maple Leaf Cement Factory Limited(MLCF)	2,043,512 ▲ 2.2
Pak Int.Bulk / May 2 Pakistan International Bulk Terminal(PIBTL)	1,476,469 ▲ 0.28
Hascol Petrol / May 2 Hascol Petroleum Limited(HASCOL)	1,473,976 ▲ 0.44

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