Islamabad-based financial services startup, Dbank, has secured $17.6 million in Pakistan’s largest seed round, Bloomberg reported Thursday. The early-stage investment… Read More
Dawood Hercules Corporation Limited to Invest Rs. 375 Million in Empiric AI
Dawood Hercules Corporation Limited has decided to invest Rs. 375 million in its wholly-owned subsidiary, Empiric AI. A notification issued… Read More
ICI Pakistan Plans to Acquire 75% Stake in LOTTE Chemical Pakistan
ICI Pakistan Limited has expressed a plan to acquire approximately 75.01 percent shares of Lotte Chemical Pakistan Limited (LOTCHEM), according… Read More
Oware Technologies Celebrates One Year of Growth
Pakistan’s startup ecosystem showed remarkable growth when it recorded around $350 million in venture capital funding in 2021. Things got… Read More
Economic and Political Uncertainty to Slowdown Pakistan’s Fiscal Growth in FY23: Moody’s
The economic and political uncertainty will challenge the pace of Pakistan’s fiscal consolidation in the fiscal year 2023, says Moody’s… Read More
IMF Agreement is Beneficial for Pakistan’s Crippled Economy: Moody’s
The International Monetary Fund (IMF) staff-level agreement with Pakistan is credit positive for the country because it paves the way… Read More
SECP Enhances Investment Limits for Insurance Companies to Invest in ETFs
The Securities and Exchange Commission of Pakistan (SECP) has allowed insurance companies to invest in open-ended mutual funds including Exchange… Read More
France and Pakistan Ink €22 Million Credit Facility Agreement for Lahore Fort Restoration
Federal Secretary for Economic Affairs Division (EAD), Mian Asad Hayaud Din, Ambassador of the French Republic, Nicolas Galley, and Country… Read More
ADB Pakistan’s Largest Financier of Development Projects in FY22
The Asian Development Bank (ADB) has emerged as the top financier of Pakistan with a share of 39 percent loans… Read More
China Rolls Over $2 Billion SAFE Deposits to Pakistan
A high-level delegation led by the Director of China’s Central Foreign Affairs Commission, Yang Jiechi, announced the rollover of $2… Read More
UAE Offers to Buy Shares in State Owned Companies on PSX
The United Arab Emirates (UAE) has offered to purchase minority shares in publicly traded state-owned enterprises at a negotiated price,… Read More
Pakistan Received $184 Billion in Foreign Debt and Aid Over 70 Years
Pakistan has received $184 billion of Foreign Economic Assistance (FEA) as loans and grants from all donors and markets since… Read More
