Gobi VC Investment Fund commits $50m for Pakistani startups

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

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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.

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