Pakistan Kuwait Investment Company to Bring Rs. 500 Million Equity Investment to Planet N
Pakistan Kuwait Investment Company (Private) Limited (PKIC) has announced that it is making an equity investment of Rs. 500 million in the Karachi-based company Planet N (Private) Limited.
This is the largest equity investment by a local Financial Institution in a Tech Investment Platform in Pakistan and had been approved by the Board of PKIC in December 2020.
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This investment will help Planet N expand its operations besides motivating other investors to explore opportunities to develop and strengthen tech entrepreneurship and disruption in the country.
With total assets of over Rs. 107 billion and equity over Rs. 38 billion, PKIC is Pakistan’s leading DFI engaged in investment and development financing activities in the country.