Economy

UAE Company Wants to Acquire Samba Bank

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 …

Economy

SBP Aasan Finance Scheme Will Be A Game Changer: Reza Baqir

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…

Economy

Pakistani-Led Overjet Raises $42.5 Million Investment

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…

Economy

ADB to Assist Pakistan to Overcome Gas Shortage Issues

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…

Economy

Agri-Supply Chain Startup Raises $2.5 Million in Pre-seed Funding

Jiye Technologies, a Pakistan-based agri-supply chain platform, has raised $2.5 million in a pre-seed funding round led by numerous investors and venture firms.According to the startup’s official press release, the round saw participation from Rabeel W…

Economy

Pakistan Set to Secure More Loans Worth $1.535 Billion From ADB

Pakistan and Asian Development Bank (ADB) will sign six financing loan agreements worth $1.535 billion on Wednesday, according to official sources privy to the development. Minister for Economic Affairs, Omar Ayub Khan, will witness the loan signing ce…