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75% foreign investors have high confidence in Pakistan

A survey conducted by the Overseas Investment Chambers of Commerce and Industry (OCCI) has revealed that 75% of foreign investors possess high confidence in Pakistan’s investment scenario and foresee their businesses registering continuous growth. They also predict an increase in foreign investment in the country. While the survey titled “Perception and Investment Survey 2017” was carried out in November last year, its results were only recently presented by OICCI President…

fortune 500 mentors coming to pakistan in february

Pakistan set to welcome mentors of Fortune 500 companies

With Pakistani entrepreneurs beginning to make their mark on the global stage, the country’s reputation as an increasingly important international destination for business was cemented further when it was revealed that more than a dozen American business heavyweights, many of them are Fortune 500 mentors, will be coming to Pakistan next month. They will be visiting the country to attend the Momentum Tech Conference being held in Karachi on February…

UNIDO awards five Pakistani startups for fostering clean technology

The United Nations Industrial Development Organisation (UNIDO) has recognised the efforts of five Pakistani startups in the area of fostering clean technologies by granting them awards under its Global CleanTech Innovation Programme (GCIP). The startups, belonging to various fields including housing and various solar-powered ventures, were given awards under different categories by the GCIP. In this regard, an award distribution ceremony was held in Islamabad to appreciate their contributions. The…

Pakistani Startup Cricingif wins Best Startup Award at APICTA 2017

Popular Pakistani cricket app Cringif made the country proud when it won the award for Best Startup at the 17th Asia Pacific ICT Awards APICTA 2017. The prestigious technology awards were held in Dhaka, Bangladesh from December 7-10, where delegations from 16 countries of the Asia Pacific region participated. Around 400 participants with 180 projects competed in 17 different categories at the event. The Pakistani delegation, represented by the Pakistan…

Pakistan’s e-commerce market to hit $1 billion mark by 2020

Pakistan’s e-commerce market is set to hit the $1 billion mark by 2020 if current trends in the sector continue apace. The Pakistan Telecommunication Authority’s (PTA) annual report for 2017, which was released recently, details the various happenings and trends in this area, providing proof that the country’s e-commerce sector is on an upward trajectory. In recent times, Pakistan has consistently been included among the fastest growing e-commerce markets in the world and considering that this…

Three Pakistanis among winners of Queens Young Leaders Award 2018

Haroon Yasin, Mujtaba Zaidi and Mahnoor Syed were named among the winners of the Queens Young Leaders Award 2018 on December 4, keeping alive the tradition of talented Pakistani youngsters excelling at the prestigious awards. The award, established in 2014 in the UK by the Queen’s Young Leaders Programme, aims at discovering, rewarding and supporting young people aged between 18 and 29 years, from across the Commonwealth countries as they…

Pakistan’s automotive sector provides new vistas for foreign carmakers

Following the approval of the Automotive Development Policy back in March 2016, which aimed at liberalising Pakistani automotive sector and gave foreign carmakers considerable incentives to enter the country, it is now clear that the measure by the government has begun to bear fruit. French carmaker Renault has announced that it will start assembling cars in a new plant in Pakistan as early as 2018, with car sales planned to start…