Gobi VC Investment Fund commits $50m for Pakistani startups

MG News | October 04, 2024 at 10:12 AM GMT+05:00

Add Mettisglobal as a Trusted Source on Google

0:00

October 04, 2024 (MLN): Gobi VC Investment Fund committed $300,000 to Qistbazar on Thursday and announced plans to raise a $50 million fund to support Pakistani startups.

Additionally, Fauji Meat Limited and NSK signed a Letter of Intent (LOI) for a profit-sharing partnership in the distribution, wholesale, and retail of meat.

SNA Equity also announced that it has invested $5 million in Gamalux Pakistan, with a total investment goal of $15m by 2026.

Moreover, Pakistan and Malaysia's Business Councils signed an MoU to enhance cooperation in halal trade.

Federal Minister for Commerce, Jam Kamal Khan, witnessed the signing of these four significant MoUs between Pakistan and the Malaysian business community in Islamabad.

These agreements mark a step towards strengthening trade and business relations between the two countries.

Copyright Mettis Link News

Related News

Name	Price/Vol	%Chg/NChg
KSE100	165,417.51 149.81M	0.39% 641.07
ALLSHR	100,346.06 584.25M	0.37% 370.20
KSE30	49,038.49 65.46M	0.35% 170.22
KMI30	238,797.93 74.37M	0.52% 1229.15
KMIALLSHR	65,161.97 277.05M	0.49% 320.82
BKTi	45,567.74 16.04M	0.38% 171.20
OGTi	33,556.40 4.20M	0.38% 128.01

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	81,815.00	81,995.00 81,440.00	-10.00 -0.01%
BRENT CRUDE	105.44	105.83 105.30	-0.62 -0.58%
RICHARDS BAY COAL MONTHLY	128.50	0.00 0.00	0.20 0.16%
ROTTERDAM COAL MONTHLY	144.90	144.90 144.90	-0.60 -0.41%
USD RBD PALM OLEIN	1,167.50	1,167.50 1,167.50	0.00 0.00%
CRUDE OIL - WTI	94.63	95.31 94.52	-0.46 -0.48%
SUGAR #11 WORLD	20.88	21.29 20.80	-0.23 -1.09%