Business
Business
Health
Pakistani telemedicine Startup SehatKahani included in Forbes “Top 100 companies to watch”
SehatKahani, a startup in the Pakistani healthcare industry, was just included in Forbes’ 100 Companies to Watch list. Forbes has hand-selected a few of the most successful startups in the Asian-Pacific markets for this list. This time, the Forbes list placed a strong emphasis on the health sector, which explains the inclusion of SehatKahani. Each […]
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Business
Pakistan
Fauji Cement declares Rs. 4.4 billion profit in fiscal year 2022
Fauji Cement declares a profit of Rs.4.4 billion in Fiscal Year 2022. One of the largest cement producers, Fauji Cement Company Limited, has released its financial results for the fiscal year. Profit for the company came in at Rs. 4.416 billion, up from Rs. 3.469 billion during the same time last year. FCCL announced a […]
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Auto
Business
Pakistan
Pakistan’s car sales drop to lowest in more than two years, expected to decline by another 25%
Pakistan’s car sales dropped to the lowest in more than two years. The big decline happened as rising prices suppressed demand and import curbs hurt production. The financial instability and Rupee depreciation is still going on and now the devastating floods are factored in. According to figures issued by Pakistan Automotive Manufacturers Association on Tuesday, […]
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Business
Technology
Karachi based retail operating platform, SnappRetail raises $2.5m in pre-seed funding
A pre-seed fundraising round headed by Zayn Capital’s Bitrate Fund garnered $2.5 million for Karachi-based fintech firm SnappRetail on Wednesday. According to the business, Antler and Century Oak Capital were further investors. Alumni from Unilever Adeel Rasheed, Moazzam Ali Khan, Ahsan Aziz, and Moiz Ali co-founded SnappRetail in 2021. The original team previously founded a […]
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Business
Technology
Pakistan’s top IT exporter firm wins “Forbes Asia’s Best Under A Billion” award for 3rd time
Systems Limited, a Pakistani IT company, created history by becoming the only tech company in the region to be named “Forbes Asia’s Best Under A Billion” for three consecutive years. The top 200 Asian-Pacific businesses with under $1 billion in yearly revenue and steady top and bottom line growth have just been collected by Forbes […]
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Business
Global
Pakistan
Pakistan launches ‘Digital diplomacy’ to boost trade with African countries
An Islamabad-based think tank has started a ‘digital diplomacy’ effort in collaboration with the foreign office and business community to strengthen trade and cultural connections with African countries while also improving Pakistan’s image in the region. DG Foreign Office Africa Naeem Khan started the idea through the Centre of Pakistan and International Relations (COPAIR). Pakistan […]
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Auto
Business
CarFirst, a vehicles sales-purchase startup announces closure of operations in Pakistan
A startup firm from Lahore named CarFirst is the most recent in Pakistan to announce the closure of all of its operations. On Friday, CarFirst posted on its LinkedIn page that it had “chosen to cease operations in Pakistan.” 365 workers who have listed CarFirst as their employer on the platform for professional networking and […]
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Business
Pakistan
Jameel Ahmad appointed as State Bank of Pakistan governor for 5 years
According to a Finance Division announcement on Friday, the federal government has appointed Jameel Ahmad as Governor of the State Bank of Pakistan (SBP) for a term of five years, effective immediately. Why is Pakistan always going to IMF? According to the notification, “Jameel Ahmad is appointed as Governor State Bank of Pakistan for a […]
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Business
Health
Pakistan
Rs. 36 billion worth new tax imposed on Cigarettes and tobacco products
The Federal Government has imposed a new tax on cigarettes and tobacco products worth Rs. 36 billion to reduce the fiscal deficit and circular debt. The Finance Minister said in his press conference that the levy is needed to make up for the decrease in retail tax from 42 billion to 27 billion rupees. The […]
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Business
Global
Pakistan
Pakistan to invest $1 billion in Tanzania in agriculture, climate change and other key sectors
Following the establishment of the Tanzania-Pakistan Business Council, Pakistan has declared ambitions to spend US $1 billion in Tanzania over the next five years (TPBC). The Asian country will invest in the agriculture, water, mining, education, health, port, solar energy, climate change, and solid waste management sectors as it aims to increase its role in […]
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