Sector
NBP Shuts Down Operations in 3 Countries
National Bank of Pakistan (NBP) has closed three international branches in Bangladesh (Sylhet), Afghanistan (Jalalabad), and Uzbekistan (Tashkent) in recent months. The bank's management is closing international branches as part...
ezBike Raises $1 Million in Pakistan’s First Pre-Seed Round by an Electric Mobility Startup
An electric mobility startup, ezBike, has raised $1 million in pre-seed finance to aid Pakistan's shift to electric vehicles (EVs). According to a statement, i2i Ventures, Walled City, GroundUp, and...
Health-tech startup MEDZnMORE raises $11.5m in pre-Series A funding
MEDZnMORE has raised $11.5 million in a pre-Series A fundraising round, the largest of its kind in Pakistan for a health-tech business. Integra Partners, Nunc Gestion, Sturgeon Capital, and Alta...
Systems Limited acquires National Data Consultant (NdcTech), aims to synergize IT services for the banking industry in the region
Systems Limited (PSX SYM: SYS), a leading information technology company in Pakistan with a global presence, has signed a definitive agreement to purchase 100% of National Data Consultant (Pvt.) Limited...
Paymob raises $50 million in Series B funding round
Paymob, an Egyptian fintech startup, has raised $50 million in a Series B round of funding to help it develop new products and grow into new countries. Paymob is an...
Markaz raises $2.40mn to help Pakistanis start online businesses with zero investment
Markaz Technologies, an Islamabad-based Y-Combinator-backed firm, has received $2.4 million in seed funding from Indus Valley Capital. Angel investors like Kyane Kassiri of Suya Fund and leaders from Careem, Deloitte,...
Freelancers Demand New Government to Bring PayPal to Pakistan
PayPal is a well-known online payment system that makes sending money internationally a breeze. The American firm was created in 1998 and has offices in a number of major nations...
Pak Kuwait Investment Company & Enertech Kuwait sign $750mn agreement
Pakistan Kuwait Investment Company (Private) Limited (PKIC), Pakistan's leading development finance institution, has signed a $750 million strategic alliance agreement with Enertech Holding Company KSC (Enertech), a subsidiary of Kuwait...
Lt Gen (retd) Muzammil Hussain resigns as Wapda chairman
After more than five years as chairman of the Water and Power Development Authority (Wapda), Lt. Gen. (ret.) Muzammil Hussain has resigned. The then-prime minister Nawaz Sharif named the Wapda...
FPCCI urges PM to impose economic emergency in the country
The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has written to Prime Minister Shehbaz Sharif requesting that the country be declared under an economic emergency. The FPCCI's letter...