Overjet, a Pakistani Led startup, has raised $42.5 million in a Series B funding round led by General Catalyst and New York-based venture capital firm, Insight Partners. Other investors in the round included Crosslink Capital and the MIT-affiliated E14…
State Bank of Pakistan (SBP) Governor Reza Baqir on Tuesday said that SBP Aasan Finance Scheme (SAAF) will be a game-changer in enhancing access to finance for small and medium enterprises (SMEs) as it addresses the long outstanding challenge of lack o…
The Asian Development Bank will help develop a system to bridge Pakistan’s gas shortage and finance its needs, ProPakistani has learned on good authority.The ADB has recently approved and started working on the gas systems of Pakistan with a special fo…
As many as 250 containers, carrying Kinnow from Punjab to Karachi, have been stuck at the National Highway in Qazi Ahmed town of Shaheed Benazirabad district of Sindh due to a sit-in. The sit-in, if prolonged, will cause a huge loss to the national exc…
The recent amendments carried out through the Companies Amendment Bill, 2021 would significantly promote start-ups, business innovation, entrepreneurship and improve the general business climate in the country.Significant amendments include the additio…
The cost of Islamabad Model Prison, a project started in 2017 with an estimated cost of Rs. 3.9 billion, has escalated to Rs. 12 billion due to the increase in prices of raw material amid the delayed execution.This was unearthed in a meeting of the Sen…
Gulf Islamic Investments LLC, a UAE-based Company, has also shown its interest in acquiring shares of Samba Bank being one of the partners of Fatima Fertilizer Limited in the potential deal.According to the stock filing, Fatima Fertilizer Group, which …
The Automotive Development Policy (ADP) 2016-21 has expired, giving way to the new developments and incentives under the Automotive Industry Development and Export Policy (AIDEP) 2021-26.Earlier this year, the government announced a series of tax exemp…
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