Punjab to Setup Rs. 300 Million Fund to Support Startups

Punjab is going to set up a Rs. 300 million fund for the express purpose of supporting startups. Umar Saif stated that the primary aim of the fund would be to develop the entrepreneurial ecosystem in Pakistan.

Venture capitalism is still in its nascent stages in Pakistan. While the startup ecosystem is thriving due to new entrants and a refreshing focus on incubators, accelerators and trust in the talents of local populace, the same cannot be said for the investment patterns with most funded startups looking towards investment from abroad.

The establishment of a local and government backed VC fund could help alleviate the issues. We have no doubt that a the fund will operate in close coordination with the likes of Plan9 and PlanX and hence, makes them an even more attractive destination for aspiring entrepreneurs.

Talal is a Director at ProPakistani. Reach out at [email protected]


  • I have a multi-million $$ idea and working model ready to be launched for Pakistani market. How to come in contact with VC’s in Pakistan?

    • The eggs are inside the hen and you are counting the chickens already. I have a multi billion $$ idea i.e. you dont need VC investment if you really have a multi million $$ idea.


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