by ABCore Research Desk | Nov 5, 2024 | economy, insights
The recent 250 basis point (bps) policy rate cut by Pakistan’s central bank to 15% marks a substantial shift in the country’s economic strategy, going beyond the market’s expected cut of 120-150 bps. This bold move aims to lower the government’s borrowing costs...
by Sarwat Khan | Jul 18, 2024 | economy, insights, startup
The first half of 2024 presented a challenging environment for Pakistan’s startup ecosystem, mirroring global trends. According to S&P Global Market Intelligence, global VC funding declined in Q2 2024, an 8.3% drop from the previous year in deal value, and the...
by Khurram Schehzad | Jul 7, 2024 | economy, insights
Pakistan’s religious tourism, animal sacrifice and related exports collectively make up for at least $7.8 billion worth of economics, annually, where spending include estimated $3.5bn on outward religious tourism, and $3.0bn of sacrificial spend, while earnings...
by Sarwat Khan | Apr 1, 2024 | economy, insights, startup
The year 2024 started with a slow pace for startups in Pakistan after reaching $72 million in 2023 and $347 million in 2022. The trend mirrored the global VC slowdown, with a 35% year-over-year decline from the investment levels of 2022, and remaining flat...
by Sarwat Khan | Jan 3, 2024 | economy, insights, startup
Pakistan’s startup funding experienced a rebound, surging by 553% QoQ in 4Q23 after enduring consecutive dry quarters earlier during 2023, with total funds raised for the year reaching US$ 71.5 million. Q4 2023 Snapshot In Q4 2023, 12 startups disclosed...
by Sarwat Khan | Oct 2, 2023 | economy, insights, startup
Amidst the persistent challenges of the ongoing funding winter, Pakistan’s startup ecosystem managed to secure $5.8 million across four seed-level deals in the third quarter of 2023, a 23% increase compared to the previous quarter. The average deal size also saw...
