Pakistan’s logistics company Cheetay raises $7.8m
Pakistan’s fastest growing tech enabled last mile logistics company, “Cheetay” has raised $7.8 million in a Series A round from
Read more
raises
Pakistan’s ride hailing startup Airlift raised 2.2m seed
Lahore-based ride hailing startup named “Airlift” for public transport has raised the largest-ever seed round of about $2.2 million by
Read more
New machine raises country’s image in photolithography
At the heart of microengineering lies photolithography, one of the key techniques used to create the circuitry patterns on semiconductor
Read moreSimPaisa Raises Rs. 25 million in Seed Financing From Sarmayacar
PR: Sarmayacar, a syndicate of foreign investors to promote Pakistani startups has announced Rs. 25 million Seed funding for SimPaisa which
Read morePakistani startup "Finja" raises $1 million in funding for a product to replace cash
LAHORE – A Pakistani startup Finja that relies on the financial technology model (Fintech) has
successfully raised $1 million from Stockholm-based Vostok Emerging Finance for a product
that they hope will eventually replace cash.
Founded by seasoned individuals from banking and technology Qasif Shahid, Monis Rahman,
and Umer Munawar, Finja aims to introduce innovative financial services through the upcoming
launch of a mobile wallet product
MoCC raises frown on IWTDC project
STAFF REPORT ISB: The Punjab government initiative of Inland Water Transport Development Company (IWTDC) has faced rebuttal from Ministry of Climate Change (MoCC); the Global Climate Change Impact Studies Centre (GCISC) which is research wing of the ministry has marked observations that the project could have diverse impacts on aquatic ecosystem if necessary protocols are not ensured and safeguards were not placed in the site.
The GCISC also highlighted that the project has to be in
MoCC raises frown on IWTDC project
STAFF REPORT ISB: The Punjab government initiative of Inland Water Transport Development Company (IWTDC) has faced rebuttal from Ministry of Climate Change (MoCC); the Global Climate Change Impact Studies Centre (GCISC) which is research wing of the ministry has marked observations that the project could have diverse impacts on aquatic ecosystem if necessary protocols are not ensured and safeguards were not placed in the site.
The GCISC also highlighted that the project has to be in
ICCBS raises PhD scholarship amount
STAFF REPORT KHI: The meager funding and scholarship money renders insufficient efficiency of doctorate students. The International Center for Chemical and Biological Sciences (ICCBS), University of Karachi (UoK) has sensed the pulse of the time and has subsequently raised the scholarship money for MS/MPhil and PhD students.
The scholarship for MS and PhD has been raised from Rs. 14,000 to 16,000 and Rs. 16,000 to Rs. 30,000 respectively.
The decision to give monetary hike for
WHO raises scare about genetically engineered crops
STAFF REPORT ISB: Environmentalists have sounded an alarm in Pakistan following a WHO report that the world’s most widely used Roundup herbicide to kill weeds "probably" causes cancer.
"It is a warning for countries like Pakistan where growers of genetically modified (GM) crops are being encouraged to use Roundup," a researcher at the PARC observed.
Roundup’s active ingredient glyphosate that kills major weeds is identified as carcinogenic. Sri Lanka and
Halal Food Scheme raises dem and for Pak products
STAFF REPORT IBD: The Pakistan National Accreditation Council (PNAC) has played a leading role in the lunch of Halal Food accreditation scheme which has increased the demand of Pakistani products not only at local level but also in the Muslim countries.
During a briefing given to Federal Minister for Science and Technology Zahid Hamid, it was told that PNC has an important role in the World Trade Organization (WTO) regime.
Director General PNAC Khalid Mahmood explained about the
Mobilink raises Rs.2b loans
PROPAKISTANI: Mobilink has raised Rs 2 billion through privately placed Term Finance Certificates (TFCs) also known as secured loan raised through institutional investors, said a notice sent to Karachi Stock Exchange.However, this is yet not clear that this capital injection will be used for network expansion, 3G rollout, investment in branchless banking or for an upcoming acquisition.According to details, the maturity of these TFCs are up to 48 months with the maturity date of March and April
Read more