Tag: Startup
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Canada’s ‘Startup Visa Program’ with no education, experience, job requirement or age limit
Umair Saleemi, journalist for BBC Urdu, shed light on Canada’s ‘Startup Visa Program’ in his latest piece: Every year, thousands of people from India and Pakistan migrate to America, Canada and European countries for better opportunities and a brighter future. Therefore, any changes in immigration and work visa laws or the introduction of any new…
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Pakistani e-motorbike startup raises $1.2 million to manufacture budget-friendly e-bikes
Pakistani e-motorbike startup Zyp has raised $1.2 million led by Indus Valley Capital To manufacture cheap electric bikes.
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Karachi among South Asia’s top 10 start-up-friendly cities: Report
Karachi has been ranked in the top 10 start-up-friendly South Asian cities in Blink’s Startup Ecosystem Report 2022. Karachi has emerged as the highest-ranked city in Pakistan, taking the position away from Lahore. Karachi’s position has moved up in South Asia but globally it lost five spots to rank 291st. Lahore dropped a heartbreaking 48…
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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,…
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Coming budget 22-23 will improve Pakistan’s IT sector
Prime Minister (PM) Shehbaz Sharif emphasised the importance of drafting an economic strategy during the day-long Pre-Budget Business Conference on Tuesday, stating that all stakeholders should work together to develop a framework for attaining economic growth. During his speech, the PM stressed the importance of financial management in order to boost exports and agricultural yields.…
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Additional tax to be levied on high-earning businesses
In the budget (2022-23), the government intends to impose a time-limited levy or additional income tax on the yearly income earned by the steel industry, pharmaceutical business, and other profit-generating segments, as well as increase the minimum tax from two to six percent on the import of edible oil According to reliable sources, the government…
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Nine Pakistani female entrepreneurs flying to US for mentoring, networking
A programme financed by the United States (US) Embassy and introduced by the Indus Entrepreneurs (TIE) Islamabad, sent nine Pakistani women entrepreneurs to the US this week. The Accelerator Programme for Women Entrepreneurs is a one-of-a-kind training programme and competition that offers women-owned Pakistani start-ups exposure to American business tools, coaching, and mentorship. 450 women-owned…