Investment
Nvidia’s Bet on Nuclear Power: Invests In Bill Gates’s Startup
Nvidia, a leading force in the artificial intelligence (AI) industry, has made a significant investment in TerraPower, the nuclear energy startup founded by Bill Gates. Nvidia, through its venture capital arm NVentures, participated in a $650 million funding round for…
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Pakistan and Türkiye Explore New IT and Technology Partnerships
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ISLAMABAD: Pakistan and Türkiye are expanding their economic cooperation with a focus on IT, technology, and education as part of broader efforts to strengthen bilateral…
CDNS Cuts Profit Rates on Savings Schemes by Up to 200 Bps
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The Central Directorate of National Savings (CDNS) profit rates have experienced a significant reduction across most of its savings schemes. This move affects a wide…
UAE Investors Hit Hard by Sudden Shutdown of Dizabo App
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The Dizabo Super app used to offer handsome returns to hundreds of investors in the UAE. They gladly invested because they thought they could make…
Pakistan to Receive $600 Million Investment from Saudi Arabia
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On Wednesday, the Saudi Investment Minister referred to the previously announced $2.2 billion investment in Pakistan as “only the beginning of something very special,” and…
SECP Exposes Fraudulent Activities of Investment Platform “SMARTPAYS”
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The Securities and Exchange Commission of Pakistan (SECP) has identified an illegal investment and deposit-taking platform called “SMARTPAYS.” The website (http://smartpays.org/) is being used to…
Pakistani Startups Raise $15 Million in Q3 2024 Despite Global Venture Capital Slowdown
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Pakistan’s startup ecosystem is showing signs of resilience despite the diminished VC trends around the world. Pakistani startups secured $15 million in four transactions in…
OpenAI’s valuation raises to $157 Billion following latest funding round
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OpenAI, the company behind ChatGPT, recently closed a $6.6B funding round, which brings the company’s valuation to $157B. The major shareholders are a company that…
46,000 Job Opportunities for Pakistanis through CPEC Energy Projects
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So far, 46,500 Pakistanis have been engaged in energy projects (finished and under development) funded by the China-Pakistan Economic Corridor (CPEC). Considering the various economic…
Ericsson brings $31 million investment to Pakistan: IT Minister
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Concerted efforts to attract foreign investment to Pakistan have clearly been bearing fruit, as exemplified by the recent instance of Ericsson – the world’s largest…
Pakistani startups have raised $300mn so far: Shibli Faraz
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Minister of Science and Technology Shibli Faraz observed that the incredible rise in investment in the country’s technology sector is indicative of the fact that…
German investors interested in auto, aviation sectors of Pakistan
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Accoridng to German Emirati Joint Council for Industry and Commerce Chief Executive Officer Oliver Oehms, German businesses are keen on exploring joint venture and investment opportunities in…
Pakistan Kuwait Investment makes PKR 500 million equity investment in Planet N, the highest ever
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In a press release issued to the media, Pakistan Kuwait Investment Company (Private) Limited (PKIC) has announced that it is making an equity investment of…
Japanese investment firm to invest in Pakistan’s tech sector
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A Japanese firm has established its investment arm in Pakistan as it takes a look at promising companies amid rising growth and potential in the…
