The government has planned an extra cushion of $4 billion over the next 12 months to bolster Pakistan’s foreign exchange… Read More
COAS Bajwa Asks US Govt for Favor with IMF As Default Risk Soars
Chief of Army Staff (COAS) General Qamar Javed Bajwa has appealed to the United States for its help in an… Read More
Pakistan’s DealCart Raises $4.5 Million in Pre-Seed Funding Round
Pakistan-based social commerce platform DealCart announced Thursday that it has raised a $4.5 million pre-seed funding round led by Shorooq… Read More
Islamabad-Based Fintech Raises $17.6 Million in Pakistan’s Largest-Ever Seed Round
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
