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Thursday, September 29, 2022

Pakistani startups witnessing exponential growth, $800 million invested in 1.5 year

Pakistan’s ambassador to the US, urged Pakistani-American business owners based in the US to take advantage of the economic opportunities in Pakistan and the government’s business-friendly policies, noting that the country’s exponential growth in the startup and technology sectors has created significant economic opportunities and the nation is ready to draw foreign investment.

Pakistan’s smart health care platform medIQ raises $1.8m investment

At a discussion on the “Healthcare Entrepreneurship Landscape in Pakistan” for the Association of Physicians of Pakistani Descent of North America (APPNA) 45th Annual Summer Convention in Atlantic City, Ambassador Khan made this statement.

He claimed that the Pakistani-American business owners had become significant players in the US-Pakistan economic alliance.

Healthwire, a Pakistani health-tech startup raises $3.3 Million in Funding

Pakistani startups have seen substantial success, as highlighted by Ambassador Khan, who said that over $800 million has been invested in them in the past 18 months and that foreign investors are interested in Pakistani startups. Pakistan now has 3,720 startups, 356 of which are in the health technology sector.

The ambassador stated that by providing healthcare to people where they are most in need and adopting a “patient-centered” approach, health IT entrepreneurs are reversing the present model of hospital-centered healthcare delivery.

Pakistani startups raised $375 million in 2021, 2 x times more than the last 6 years combined

He declared that the government is committed to supporting new ventures and startups in Pakistan, as well as the tax system’s simplification, incentives for startup companies, and the creation of Special Economic Zones (SEZs) to attract foreign investment.

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