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Startups

An Interview with Taimur Saleem Khan Jhagra, Minister for Health and Finance, Khyber Pakhtunkhwa

In this interview, Taimur Saleem Khan Jhagra talks about the progress of Khyber Pakhtunkhwa in terms of Governance, Health and productivity. He talks in depth about the BRT Peshawar, 18th Amendment, Covid19, the monumental Sehat Card Program and Khyber Pakhtunkhwa’s road towards universal health coverage, MTI Reforms and KPK Government’s steps to address the country’s productivity issues.

Updated 12 Nov, 2020 02:07pm

Business & Finance

Southeast Asia's internet economy to cross $100 billion this year: industry report

The report, which covers Indonesia, Malaysia, Vietnam, Singapore and the Philippines, said the region added 40 million new internet users this year, taking the total to 400 million. That implies 70% of the region’s population is now online, the report added.

Published 10 Nov, 2020 10:18am

Markets

Foreign (dis)investment easing

In the past seven out of ten years, SBP reserves were on average below the 4 months of imports – for four years ...

Published 10 Nov, 2020 08:10am

Markets

Amazon expands in Brazil, riding e-commerce boom set off by COVID-19 distancing

The expansion, which adds 75,000 square meters (807,000 square feet) of distribution space, is Amazon’s biggest since it began operating in Brazil in 2012.

Published 09 Nov, 2020 10:51am

Technology

Amazon to Invest $2.8 billion to set its 2nd Data Center Region in India

Amazon to invest around $2.8 billion to set up a new AWS Cloud region in India.

Published 07 Nov, 2020 01:08pm

Business & Finance

Bagallery.com raised $900,000 for its Beauty and Fashion Ecommerce Platform

Pakistan-based Bagallery raised $900,000 for its beauty and fashion ecommerce platform in a Pre-Series A round from Lakson Investments Venture Capital (LIVC).

Updated 07 Nov, 2020 06:50pm

Technology

Mobile application TAG Approved by SBP to Operate as an Electronic Money Institution

TAG, a fintech startup, gets approval from the State Bank of Pakistan (SBP) to operate as an Electronic Money Institution (EMI) in Pakistan

Published 03 Nov, 2020 06:48pm

Opinion

BD’s growth and Pakistan’s prospects

According to the IMF’s latest estimation, the growth of India’s gross domestic product (GDP) will witness a...

Published 29 Oct, 2020 02:53am

Business & Finance

Uber UK forced to Pay Up £1.5bn in VAT - Why Competition Laws are Necessary?

After exploiting loopholes in UK tax law to avoid paying VAT for a long time, Uber UK was forced to pay £1.5bn in VAT.
As global companies expand to new developing markets, competition and tax laws must evolve across the globe to protect consumers and domestic industry.

Published 23 Oct, 2020 03:21pm

Editorials

A wake-up call for the government

EDITORIAL: The kick-off event of the Pakistan Democratic Movement's (PDM's) protest campaign against the government...

Published 20 Oct, 2020 02:42am

BR Research

Interview with Shazil Mehkri – CEO Sastaticket.pk

International travel at approximately 30 percent of pre-Covid levels Shazil Mehkri is the CEO of Sastaticket.pk. In...

Published 19 Oct, 2020 07:25am

Markets

India will not mandate secondary listings for firms joining overseas markets

NEW DELHI: India has decided not to mandate secondary listings for domestic firms that float shares on a foreign...

Published 19 Oct, 2020 03:02am

Markets

FX related case submission process: SBP governor launches RAS for digitalization

KARACHI: Dr Reza Baqir launched the SBP FX Regulatory Approval System (RAS) for end-to-end digitalization of Foreign...

Published 17 Oct, 2020 03:08am

Business & Finance

Pakistani Startup Investments Rise to $178 million

Pakistani Startups made 122 deals worth $178 million from 2015-2020 with male-founded e-commerce startups taking the lead, according to data generated by i2i’s Deal Flow Tracker.
“There is a lot of exciting activity happening in the investment landscape these days,” says Kalsoom Lakhani, Invest2Innovate Founder and CEO.

Published 14 Oct, 2020 08:41pm

Business & Finance

Eyeing expansion in Pakistan & KSA, Retailo raises $2.3mn pre-seed

Retailo, a B2B retail supply chain startup, came out of stealth by raising $2.3 million in a pre-seed round led by the Shorooq Partners.

Published 12 Oct, 2020 04:15pm

BR Research

Grocery ecommerce: will it sustain?

Buying things that you need every day - aka groceries have been generally considered a family outing in a country...

Published 08 Oct, 2020 08:21am

Business & Finance

Paytm, other Indian startups vow to fight 'big daddy' Google's clout: sources

Although Google, owned by Alphabet Inc, has worked closely with India's booming startup sector and is ramping up its investments, it has recently angered many tech companies with what they say are unfair practices.

Published 05 Oct, 2020 10:14am

Business & Finance

Who can apply for the Punjab Rozgar Scheme?

Men, women, transgender people, and differently-abled persons between the ages of 20 to 50 years are eligible to apply for this scheme.
This Punjab Rozgar Scheme hopes to offer easy loans worth more than Rs.30 billion and create 1.6 million jobs.

Published 01 Oct, 2020 05:06pm

Perspectives

Institute of Change and Transformation Professionals Asia a Professional Body in the making

Change and Transformation are heavily Impacted by country culture in Asia and consequently, it is practiced in a way...

Published 25 Sep, 2020 01:10pm

Business & Finance

Electrified by Tesla, Chinese startups are on the charge

The country’s growing fascination with the U.S. pioneer’s sleek designs and cutting-edge technology is giving a string of second-wave home-grown Tesla wannabes the traction to raise more funding, expand production and boost sales.

Published 25 Sep, 2020 10:22am

Markets

GoodRx shares jump 40pc in Nasdaq debut after over $1bn IPO

The stock opened at $46, compared to the IPO price of $33 per share. At its opening price, the company is valued at nearly $18 billion.
GoodRx's shares hit a session high of $49.57, a jump of over 50%.

Published 23 Sep, 2020 11:41pm

Business & Finance

GM exploring 'flying car' market using its Ultium electric battery

We believe strongly in our EV future and not just for vehicles," she said at an RBC conference.
GM spokesman Stuart Fowle declined to elaborate. "It's an area we're really excited about and looking at."

Published 15 Sep, 2020 08:14pm

Business & Finance

JPMorgan and BlackRock tap AI startup to automate opening custody accounts

The system, which uses AI to remember when an asset manager has already uploaded a specific document needed to open a custody account.
The custody side, historically, has been a very traditional industry operating steadily and reliably with faxes and spreadsheets.

Updated 15 Sep, 2020 05:43pm

Markets

Foreign aid or export-led growth?

ARTICLE: Pakistan's total public debt rose to Rs36.3 trillion, which is equivalent to 87 per cent of the GDP, by the...

Published 10 Sep, 2020 02:29am

Business & Finance

Ford's incoming CEO wants the US automaker to run like a Deere

Think of it as a second F-150," Farley told Reuters, referring to the US automaker's lucrative full-size truck business that generates $50 billion in annual revenue.
"Think of the data being more powerful than the fuel economy of the vehicle," he added.

Updated 08 Sep, 2020 08:59pm

Technology

Pakistani startups raised $10 million in H1 2020, witness 9pc decline: Report

The report said that Pakistan’s ecosystem is young, and is consistent with other nascent ecosystems.

Published 07 Sep, 2020 12:07pm

Pakistan

'Pakistan develops first bloodless, affordable dialysis machine for kidney disease treatment'

ISLAMABAD: By the time people are diagnosed with advanced-stage kidney disease and recommended dialysis treatments,...

Published 06 Sep, 2020 02:18am

Technology

For next wave of startups, Nest I/O launches 12th Incubation Cycle program

The maximum number of team members per team that can be stationed at The Nest i/o at a given time are four, which is subject to availability of space.

Published 02 Sep, 2020 04:10pm

Amazon gets US approval to fly delivery drones

The Seattle-based e-commerce colossus has been developing drones as part of its massive investment in a logistics network to quickly deliver purchases to customers.

Published 01 Sep, 2020 02:24am

Technology

Pakistani start ups continue to flourish as e-commerce platform PriceOye secures six-figure funding

The e-commerce startup “Price Oye” says investment raised is the first in its ongoing round and more investments will follow.

Published 29 Aug, 2020 07:04pm

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / May 17	278.30
USD PKR Interbank Buying / May 17	278.10
USD to Japanese Yen / May 17	155.67
USD to Swiss Franc / May 17	0.91
Pound Sterling to USD / May 17	1.27
Euro to USD / May 17	1.09

Stock	Volume
S&P 500 / May 17	5303.27
India Sensex / May 17	73917.03
Tokyo Nikkei / May 17	38787.38
Nasdaq / May 17	16685.97
Hang Seng / May 17	19535.61
FTSE 100 / May 17	8420.26
Dow Jones / May 17	40003.59
Germany DAX 30 / May 17	18704.42

Item	Value
Crude Oil USD/Barrel / May 17	79.59
Karachi Cotton PKR/37.32 KG / May 17	19935
Gold 10 Grams PKR / May 17	210562
Gold Spot USD/Ounce / May 17	2386.18
Cotton US¢/pound / May 17	76.29
Petrol/Litre / May 18	273.10

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / May 18 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / May 18 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / May 18 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / May 18 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / May 18 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / May 18 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / May 18 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / May 18 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / May 18 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / May 18 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / May 18 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / May 18 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / May 18 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / May 18 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / May 18 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / May 18 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / May 18 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / May 18 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / May 18 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / May 18 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / May 18 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / May 18 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / May 18 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / May 18 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / May 18 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / May 18 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / May 18 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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