by Sarwat Khan | Jul 18, 2024 | economy, insights, startup
The first half of 2024 presented a challenging environment for Pakistan’s startup ecosystem, mirroring global trends. According to S&P Global Market Intelligence, global VC funding declined in Q2 2024, an 8.3% drop from the previous year in deal value, and the...
by Khurram Schehzad | Jul 7, 2024 | economy, insights
Pakistan’s religious tourism, animal sacrifice and related exports collectively make up for at least $7.8 billion worth of economics, annually, where spending include estimated $3.5bn on outward religious tourism, and $3.0bn of sacrificial spend, while earnings...
by Malaika Tabassum | Apr 8, 2024 | insights
For the first time in Pakistan, the total number of Branchless Banking (BB) transactions crossed 1 billion mark in a single quarter in 2QFY24 (Oct-Dec23). This achievement signals a shift towards digital finance and highlights the changing dynamics of financial...
by Sarwat Khan | Apr 1, 2024 | economy, insights, startup
The year 2024 started with a slow pace for startups in Pakistan after reaching $72 million in 2023 and $347 million in 2022. The trend mirrored the global VC slowdown, with a 35% year-over-year decline from the investment levels of 2022, and remaining flat...
by Malaika Tabassum | Feb 13, 2024 | insights
In the wake of Pakistan’s 2024 general elections, key findings suggest possibility of a hung parliament, with independent candidates leading the tally at 38% of National Assembly seats. PML-N follows with 28%, and PPPP with 20%, fueling speculation of coalition...
by Sarwat Khan | Jan 3, 2024 | economy, insights, startup
Pakistan’s startup funding experienced a rebound, surging by 553% QoQ in 4Q23 after enduring consecutive dry quarters earlier during 2023, with total funds raised for the year reaching US$ 71.5 million. Q4 2023 Snapshot In Q4 2023, 12 startups disclosed...