Business & Commerce

Business & Commerce
Egypt to invest $1bn in Pakistan, says Egyptian ambassador
Days after a meeting between high-profile delegation of both countries, Egyptian ambassador to Pakistan Ahmed Fadel Yacoub has revealed Egyptian companies will be investing $1 billion in Pakistan. “Investment projects will begin in the next one year. The understanding was reached during the visit of two high-profile business delegations from Egypt to Pakistan during the month of October,” said Yacoub, Arab News reported. The envoy further said that the investments are coming from…
Business & Commerce
Pakistan set to become one of top places for investment: PM
Prime Minister Imran Khan has expressed hope that Pakistan would become one of the top places for investment after the World Bank improved Pakistan’s Ease of Doing Business Ranking by 28 points. The Premier said in his tweet, “Pakistan achieves biggest improvement in its history in WB ease of doing business rankings as over last decade Pakistan’s ranking had slipped more than 50 places. Now we have improved 28 places…
Business & Commerce Technology
Kamyab Jawan’s startup program to engage 100,000 students for new technologies
ISLAMABAD: Prime Minister Youth Affairs Programme (PMYAP) has planned to launch ‘Start-up Pakistan Programme’ under ‘Kamyab Jawan Programme’ engage 100,000 students to learn new technologies. According to an official source, the objective of the said programme was to train one million students from different universities and technical colleges across the country. He said that the programme would provide support to all universities and vocational training centres in developing capacity in…
Business & Commerce Technology
Pakistan’s first homegrown messaging app raises $1.6 million in funding
TelloTalk, Pakistan’s first homegrown and locally hosted messaging platform, has raised $1.6 million in funding from a consortium of international and domestic investors, a press release issued by the company on Wednesday said. The round of funding, known as the ‘Seed Round’, included global venture funds ALM Holdings (UAE), SparkLabs FinTech (Asia), One Market Capital (USA) and Cocoon Ignite Ventures (Hong Kong), besides local institutional investors TPL eVentures, and i2i…
Business & Commerce Technology
Egyptian startup Swvl plans to invest $25 million in Pakistan by 2021
Islamabad: Egyptian bus transportation network company Swvl plans to invest $25 million in Pakistan in the next 18 months and create more than 10,000 jobs, the Pakistan general manager of the ride-hailing app told Arab News on Tuesday. Swvl, founded in 2017 by Mostafa Kandil, operates in more than five countries, running buses along fixed routes and allowing customers to reserve and pay for rides using an app. Rates are…
Business & Commerce Technology
Tech conference 021Disrupt kicks off in Karachi today
021Disrupt, Pakistan’s premier technology and entrepreneurship conference by The Nest I/O begins today in Karachi at the Pearl Continental. Into its third year, the two-day conference aims to stir conversations that strengthen the Pakistani ecosystem by hosting 1000+ disruptors, who are entrepreneurs, investors, influencers, mentors, and professionals. This year’s edition will be hosting: 65+ speakers from 20 diverse industry sectors, 4 panel discussions with 24 experts on mobility, investment, influence, and…
Business & Commerce
Pakistan jumps 28 spots on World Bank’s ease of doing business ranking
Pakistan landed among the world’s top 10 business climate improvers for its ratification of six regulatory reforms pertaining to business regulation, according to the World Bank’s Doing Business 2020 study. A statement issued on Thursday highlighted Pakistan’s efforts in bringing improvements to the business climate in the country, which earned it a jump by 28 places to a global ranking of 108. The previous year Pakistan had stood at 136. “This rise is…
Business & Commerce Technology
With AI Summit 2019, 10Pearls Celebrates the Progress of AI in Pakistan
AI Summit 2019, an initiative of 10Pearls, aims to celebrate the progress of AI in Pakistan. The Summit’s inaugural ceremony was held at 10Pearls Karachi, and was attended by leading tech enterprises, start-ups and students. 10Pearls, an end-to-end digital services company, launched AI Summit 2019, a pioneering conference and expo to facilitate the growth of AI in Pakistan. The inaugural ceremony of which was held on August 24, 2019 at…