Category: Business

Pakistani tech firm, Systems Limited, makes it to Forbes ‘Asia’s Best Under A Billion Award’

Pakistani tech firm Systems Limited has been named to Forbes’ list of Asia’s Best Under A Billion Companies. This list identifies 200 publicly traded Asia-Pacific companies under $1 billion in revenue with consistent top-line and bottom-line growth. Systems Limited has been included in the esteemed list for the second time in a row, an official statement said on Tuesday.

AliPay, the world’s largest mobile payment platform, to launch in Pakistan

The online and mobile payment platform Alipay is planning to open its operations in Pakistan soon. Alipay, a business venture of Alibaba Group, and Pakistan’s government will collaborate on advancing e-commerce transactions in Pakistan. In Pakistan, many telecom operators offer mobile payment services to their subscribers, but there have been few international applications so the availability of portals has been low.

China to invest $15 Bn in Pakistan’s petrochemicals sector

Several Chinese companies are prepared to invest fifteen billion dollars in Pakistan’s petrochemicals industry. This was stated by Federal Secretary Board of Investment, Fareeha Mazhar while talking to APP in Islamabad on Sunday. China will invest in the petrochemical sector in Gwadar, including the energy pipeline from Gwadar to China, she said.

Bridgelinx Technologies, a digital freight marketplace, raises $10 million in Pakistan’s largest seed funding

Pakistan-based BridgeLinx Technologies secured seed funding of $10 million, the largest round in the Pakistan seed sector. The round was led by Harry Stebbings’ 20 VC, Josh Buckley’s Buckley Ventures, and Indus Valley Capital. The funds will be used by BridgeLinx to “consolidate its position as a market leader by expanding into new verticals, segments, and lanes”