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Pakistan Startups

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

Technology

Expand North Star in Dubai: from prosthetic limbs to drones for disaster relief, startups seek to address Pakistan’s challenges

DUBAI: Pakistan is a country grappling with a range of systemic challenges—be it healthcare, city management,...

Published 21 Oct, 2024 06:04am

Technology

Pakistan’s Abhi secures $15mn in credit financing to expand financial inclusion in UAE

DUBAI: Pakistan’s fintech Abhi has secured $15 million in credit financing led by Shorooq Partners and Amplify...

Updated 16 Oct, 2024 06:56pm

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

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

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

Technology

After raising $11.5mn last year, MedznMore says it has shut operations

Co-founder says company in talks 'with a few large players who have shown interest in buying its technology and brand, Tabiyat.pk'

Updated 15 Jul, 2023 05:19pm

Technology

Pakistan’s startup funding suffers massive fall in April-June

Funding attained by Pakistani startups on a quarterly basis fell to the lowest level in three years during...

Published 04 Jul, 2023 12:06pm

Business & Finance

Pakistan’s automotive care startup Okayker Secures $700,000 in seed funding

Company says multiple angel investors have taken interest in its fund-raising

Published 01 Jun, 2023 05:38pm

Pakistan

‘Negative investor perception’: venture capital association calls out internet suspension

The Venture Capital Association of Pakistan (VCAP), a platform aimed at facilitating startups, expressed its concern...

Updated 12 May, 2023 08:11pm

Pakistan

Pakistan’s financial platform Abhi raises Rs2bn Sukuk bond, a ‘first in MENAP’

Demand for bond exceeded expectations, says Abhi

Updated 12 May, 2023 05:18pm

Business & Finance

Correction needed in Pakistan startups’ business model: Rider CEO Salman Allana

Company founder says offering discounts means you are not confident that your product is solving a real problem

Updated 05 May, 2023 07:07pm

Business & Finance

First time in three years: no startup deal for Pakistan in April 2023

Fall seen due to global downturn in funding and it is not exclusive just to Pakistan

Published 01 May, 2023 10:45pm

Business & Finance

Trucking startup Trella to cease operations in Pakistan: report

Trucking startup Trella will wind down its business in Pakistan, reported Bloomberg on Thursday, citing two people...

Updated 13 Apr, 2023 06:24pm

Business & Finance

Pakistan’s startup funding recovers in first quarter of 2023

Pakistan’s startup funding increased 55% to $23.1 million in the first quarter of calendar year 2023 compared to the...

Published 02 Apr, 2023 10:49pm

Business & Finance

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

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

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

Pakistan

16 startups ‘graduate’ from NUST

ISLAMABAD: The National Science & Technology Park at NUST held the Graduation Ceremony of the 3rd cohort of its...

Published 23 Dec, 2022 05:54am

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

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

Pakistani e-commerce platform PriceOye announces $7.9mn in seed funding

PriceOye is a managed marketplace, similar to JD.com in China, where consumers can purchase consumer electronic products

Updated 30 Aug, 2022 08:31pm

Technology

Bykea announces venturing into car ride-hailing

Posts new product offering in social media post on Friday

Published 26 Aug, 2022 08:01pm

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

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Dec 20	278.48
USD PKR Interbank Buying / Dec 20	278.28
USD to Japanese Yen / Dec 20	156.31
USD to Swiss Franc / Dec 20	0.89
Pound Sterling to USD / Dec 20	1.26
Euro to USD / Dec 20	1.04

Stock	Volume
S&P 500 / Dec 20	5,930.85
India Sensex / Dec 20	78,041.59
Tokyo Nikkei / Dec 20	38,701.90
Nasdaq / Dec 20	19,572.60
Hang Seng / Dec 20	19,720.70
FTSE 100 / Dec 20	8,084.36
Dow Jones / Dec 20	42,840.26
Germany DAX 30 / Dec 20	19,884.75

Item	Value
Crude Oil USD/Barrel / Dec 20	69.46
Gold 10 Grams PKR / Dec 20	234,311
Gold Spot USD/Ounce / Dec 20	2,622.91
Cotton US¢/pound / Dec 20	68.06
Petrol/Litre / Dec 21	252.10
Karachi Cotton PKR/37.32 KG / Dec 21	17,585

Gainers
Losers
Leaders

Stock	Price
Media Times Ltd / Dec 20 Media Times Limited(MDTL)	2.37 ▲ 0.37 (18.50%)
Pace (Pak) Ltd. / Dec 20 Pace (Pakistan) Limited(PACE)	7.23 ▲ 1.00 (16.05%)
Ist.Capital Sec / Dec 20 First Capital Securities Corporation(FCSC)	2.12 ▲ 0.26 (13.98%)
Khalid Siraj / Dec 20 Khalid Siraj Textile Mills Limited(KSTM)	9.60 ▲ 0.97 (11.24%)
Aruj Industries / Dec 20 Aruj Industries Limited(ARUJ)	9.90 ▲ 0.98 (10.99%)
Escorts Bank / Dec 20 Escorts Investment Bank Limited(ESBL)	4.79 ▲ 0.47 (10.88%)
Cresent Jute / Dec 20 Crescent Jute Products Limited(CJPL)	4.20 ▲ 0.40 (10.53%)
S.G.Power / Dec 20 S.G. Power Limited(SGPL)	11.19 ▲ 1.02 (10.03%)
P.T.C.L. / Dec 20 Pakistan Telecommunication Company Ltd(PTC)	25.80 ▲ 2.35 (10.02%)

Stock	Price
LSE Financial Serv. / Dec 20 LSE Financial Services Limited(LSEFSL)	16.25 ▼ -1.81 (-10.02%)
Dar-es-Salaam / Dec 20 Dar-es-Salaam Textile Mills Limited(DSML)	41.93 ▼ -4.66 (-10.00%)
Maqbool Tex. / Dec 20 Maqbool Textile Mills Limited(MQTM)	31.05 ▼ -3.45 (-10.00%)
Reliance Cotton / Dec 20 Reliance Cotton Spinning Mills Limited(RCML)	621 ▼ -69.00 (-10.00%)
Sanghar Sugar / Dec 20 Sanghar Sugar Mills Limited(SANSM)	27.72 ▼ -3.08 (-10.00%)
Olympia Mills / Dec 20 Olympia Mills Limited(OML)	34.58 ▼ -3.84 (-9.99%)
Nagina Cot. / Dec 20 Nagina Cotton Mills Limited(NAGC)	48.92 ▼ -5.41 (-9.96%)
Oilboy Energy / Dec 20 Oilboy Energy Limited(OBOY)	11.39 ▼ -1.26 (-9.96%)
Arpak Int. / Dec 20 Arpak International Investments Ltd.(ARPAK)	65.22 ▼ -7.19 (-9.93%)

Stock	Volume
WorldCall Telecom / Dec 20 Worldcall Telecom Limited(WTL)	177,645,248 ▲ 0.10
K-Electric Ltd. / Dec 20 K-Electric Limited(KEL)	81,901,542 ▲ 0.16
Cnergyico PK / Dec 20 Cnergyico PK Limited(CNERGY)	68,345,098 ▲ 0.12
Pak Elektron / Dec 20 Pak Elektron Limited(PAEL)	57,974,101 ▲ 1.47
Pak Refinery / Dec 20 Pakistan Refinery Limited(PRL)	45,251,944 ▲ 0.40
Pace (Pak) Ltd. / Dec 20 Pace (Pakistan) Limited(PACE)	43,240,462 ▲ 1.00
Sui South Gas / Dec 20 Sui Southern Gas Company Limited(SSGC)	40,539,001 ▼ -0.74
B.O.Punjab / Dec 20 The Bank of Punjab(BOP)	35,598,669 ▲ 0.24
Symmetry Group / Dec 20 Symmetry Group Limited(SYM)	34,869,613 ▼ -0.72

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Pakistan Startups

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