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LAHORE: Pakistan Kuwait Investment Company (PKIC) on Thursday announced that it is making an equity investment of Rs500 million in Planet N, a tech investment platform.
This is the largest equity investment by a local financial Institution in a tech investment platform in Pakistan. This investment will help Planet N expand its operations and motivate other investors to explore opportunities to develop and strengthen tech entrepreneurship and disruption in the country.
With total assets of over Rs107 billion and equity of over Rs38bn, PKIC is Pakistan’s leading DFI engaged in investment and development financing activities in the country.