Tag: Funding
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Climate disaster: Pakistan to receive ‘Global Shield’ funding
Pakistan will be one of the first initial recipients of the Global Shield funding that will be provided to countries hit by climate disasters.The Global Shield will build support to be deployed in nations like Pakistan, Ghana, Fiji, and Senegal. It is supported by 170 million euros ($175 million) in funding from Germany and 40…
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UK agencies start investigation against Pakistani charities for misuse of funds
The United Kingdom (UK) National Charity Commission (NCC) and National Crime Agency (NCA) have launched an investigation into the misuse of funds by Pakistani charity organisations for political purposes, Naeem Hanif reports for Samaa News. The investigation is being done to find out whether these charity organisations misused charity for political purposes in Pakistan or…
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Another friendly country to confirm assurance this week: Miftah Ismail
According to Pakistan’s Finance Minister Miftah Ismail, “one friendly country” has confirmed its commitment to assist Pakistan in filling the funding gap, while another nation would confirm its assurance in a day or two. An announcement will be made soon on this subject after confirmation. Earlier, the International Monetary Fund (IMF) said that Pakistan has…
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Pakistani startup Dastgyr raises $37 million in series A round
Dastgyr Technologies Pvt. has raised $37 million in Pakistan’s largest-ever Series A round. The company seeks to build an e-commerce platform for emerging economies comparable to Alibaba Group Holding Ltd. The funding was spearheaded by Veon Ltd.’s venture arm, which put up about 40 per cent of the money. Zinal Growth Fund, DEG, Khwarizmi Ventures,…