Pakistani startups raised record $305 million this year — commerce adviser

In this photograph taken on May 24, 2019, Tanzila Khan (R), founder of 'Girly Things', an application-based start-up, at the National Incubation Centre (NIC), a start-up incubator, in Lahore, Pakistan. (AFP/ File Photo)
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Updated 04 October 2021
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Pakistani startups raised record $305 million this year — commerce adviser

  • Razak Dawood urges startups to focus on agriculture going forward, aim to touch $1 billion by year end 
  • Pakistan’s startups received major boost this year, getting over $228 million in first eight months of 2021

ISLAMABAD: Abdul Razak Dawood, adviser for commerce and investment to Pakistani Prime Minister Imran Khan, said on Monday the country’s startups had set a record by raising $305 million during January and September 2021.

Pakistan’s startup ecosystem has received a major boost this year, with local firms getting over $228 million in investment just in the first eight months of 2021, compared to $77 million in 2020, according to Ignite, a Pakistani government-owned non-profit company. 

A group of young startups have made splashy funding announcements in recent weeks.

Quick-commerce startup Airlift unveiled a record $85 million Series B round last month, followed by business-to-business (B2B) venture Bazaar’s record $30 million Series A round. Last month, Tag, a one-year-old Pakistani startup that offers banking and financial services, raised over $12 million in what is now the largest seed financing round in Pakistan, and Oraan raised $3 million in the largest seed funding closed by a women-led startup in the country.

“I am very pleased to see that during the period Jan-Sep 2021, Pakistani startups raised a record USD 305 million of investment globally. The sectors include e-commerce, fintech, health and freight,” Dawood said on Twitter.

“As we are move forward, I urge our startups to look into the agriculture sector which has a lot of potential,” the adviser said, challenging Pakistani startups to touch $1 billion in investment by the end of the year.
 

 

 


Pakistan says it is targeting militant infrastructure in Afghanistan as Kabul threatens to hit Islamabad

Updated 07 March 2026
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Pakistan says it is targeting militant infrastructure in Afghanistan as Kabul threatens to hit Islamabad

  • Ata Tarar says Pakistan is carrying out ‘precise intelligence-based operations’ to avoid civilian casualties
  • Afghan defense minister says the underlying dispute between the two sides is over the ‘Durand Line’ border

ISLAMABAD: Pakistan said on Saturday it was conducting intelligence-based operations against militant infrastructure inside Afghanistan while attempting to avoid civilian casualties, as a senior Afghan Taliban official warned Kabul could retaliate by targeting Islamabad if Pakistani forces struck the Afghan capital.

The escalating rhetoric comes as cross-border fighting between the two neighbors intensifies following clashes that began last month when Afghan forces launched attacks on Pakistani military installations along the frontier. Kabul said the assault was retaliation for Pakistani airstrikes targeting what Islamabad called militant camps inside Afghanistan.

Pakistan’s defense minister Khawaja Muhammad Asif said last week the situation had effectively become “open war” between the two countries.

“Pakistan is only targeting terrorist infrastructures and support system with precise intelligence based operations ensuring no collateral damage takes place,” Pakistan’s Information Minister Ataullah Tarar said in a statement.

He challenged the recent claims made by an Afghan defense ministry spokesperson earlier this week who said his country was making significant battlefield gains against Pakistan including the killing of 109 soldiers and the capture or destruction of 14 military posts in large scale attacks.

“These so called attacks by Afghan Taliban in coordination with FAK [Fitna Al Khawarij] Terrorists once again confirm the nexus of Afghan Taliban regime and multiple terrorist organizations operating from within their territory,” Tarar continued. “All such attempts are responded to, immediately and effectively with severe retributive punishment that is swift, precise and effective.”

“The imaginary numbers being floated by Afghan Taliban regime are however not worth any serious comment,” he added.

Tarar said Pakistan’s military campaign — described as Operation Ghazb Lil Haq — had inflicted heavy losses on Afghan Taliban forces.

According to figures shared by the minister, 527 Taliban fighters had been killed and more than 755 injured since the clashes began, while 237 check posts were destroyed and 38 captured and destroyed. He said 205 tanks, armored vehicles and artillery guns were destroyed and 62 locations across Afghanistan had been targeted by air strikes.

Arab News could not independently verify the claims made by either side.

CIVILIAN CASUALTIES

Earlier this week, the United Nations raised concern over the toll of the escalating conflict on civilians.

UN human rights chief Volker Turk said on Friday that 56 Afghan civilians — nearly half of them children — had been killed since hostilities between Pakistan and Afghanistan intensified.

However, Tarar questioned the UN findings, saying its assertions appeared to rely heavily on information provided by Taliban authorities and did not adequately reflect independently verified intelligence.

“Pakistan categorically reiterates that all counter-terrorism operations conducted by its security forces are carried out with the highest degree of precision, professionalism, and responsibility,” he said.

Islamabad has long accused the Taliban government of allowing militant groups, including the Tehreek-e-Taliban Pakistan (TTP), to operate from Afghan soil, a charge Kabul denies.

“Operations are meticulously planned so that civilian areas remain completely safe,” the minister said. “The locations targeted are remote terrorist hideouts and facilities far removed from populated zones, including sensitive areas such as Kabul’s Green Zone.”

AFGHAN WARNING

Meanwhile, Afghanistan’s Defense Minister Mullah Yaqoob issued a warning to Pakistan in remarks circulated by Afghan broadcaster TOLOnews.

“If Kabul lacks peace, there will be no peace in Islamabad. If Kabul is attacked, Islamabad will be attacked,” Yaqoob said in a promotional clip of an interview shared on social media.

Yaqoob rejected Pakistan’s justification that the presence of the TTP in Afghanistan warranted military action and suggested the underlying dispute was over the contested “Durand Line” border between the two countries.

So far, there has been no official response from Pakistan to Yaqoob’s remarks.