ISLAMABAD: TeleNest, a Teleport Licensed Holder from Pemra, unveiled its new operation centre on Friday of Pemra Chairman Muhammad Saleem Baig, DG Licensing Wakeel Khan, DG Operations & broadcast Muhammad Tahir, head of legal team Tahir Tarar, Owais Zaidi, Director Rumesh Kumar, DD Karachi, and broadcasters were present on the occasion, says a press release.
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Pakistan’s VCs expected to stake up with foreign funds
July 13, 2021
KARACHI: Pakistan’s local venture capital industry is expected to expand while taking cue from growing investments from international funds in the country’s tech startups, an industry official said.
Owais Zaidi, founder and CEO of CrediFix – the country’s first digital lending company – said the local venture capital (VC) industry is very nascent and bulk of investments are coming from international funds.
“Eventually the local VC industry will grow as the local VCs learn from international funds investing and leading the way,” Zaidi said in an interview.
Pakistani ecosystem was late to take off due to the delay in 3G/4G launch. Once the 3G/4G came, new business models like mobile commerce/payments, ridesharing, digital lending, became possible. Pakistan is the 5th most populous country in the world with over 220 million people, he said.