UAE-based tech firm makes debut investment in Pakistan’s startup ecosystem

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Updated 08 August 2025
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UAE-based tech firm makes debut investment in Pakistan’s startup ecosystem

  • Yango Ventures acquired a stake in Pakistani fintech Trukkr, which digitizes logistics services for over 20,000 drivers
  • The investment will help expand Trukkr’s credit tools and support unbanked trucking businesses across Pakistan

KARACHI: A UAE-based technology company has made its first investment in Pakistan, backing a local fintech that provides digital financial services to the logistics sector, the company said on Friday.

Yango Group, through its $20 million corporate venture arm Yango Ventures, acquired a stake in Trukkr, a platform that serves Pakistan’s $35 billion logistics market.

The investment will support Trukkr’s expansion, improve its credit-scoring technology and help increase financial access for thousands of unbanked trucking businesses.

“Pakistan’s logistics sector is full of potential, and Trukkr is helping move it forward — by giving operators the financial tools they need to scale and succeed,” said Daniil Shuleyko, CEO of Yango Group.

“This is the kind of local innovation we want to help grow, and it’s just the start of our work in Pakistan,” he added.

Founded in 2019, Trukkr digitizes operations for more than 20,000 drivers and over 100 enterprise clients.

Following its acquisition of a non-banking finance company (NBFC) license from Pakistan’s Securities and Exchange Commission, Trukkr now offers working capital and fleet financing powered by its proprietary credit engine, Prism.

Yango Group operates across over 30 global markets and brings experience in ride-hailing, e-commerce, fintech and AI. Its investment in Trukkr is part of a broader strategy to drive digital transformation in emerging markets, particularly in Middle East, North Africa, Sub-Saharan Africa and Latin America.

“In addition to their strategic equity investment, we find that their experience in building state-of-the-art logistics tech will allow us to strengthen our offerings in Pakistan and beyond,” said Sheryar Bawany, CEO of Trukkr.
 


Pakistan says $50 million meat export deal with Tajikistan nearing finalization

Updated 09 December 2025
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Pakistan says $50 million meat export deal with Tajikistan nearing finalization

  • Islamabad expects to finalize agreement soon after Dushanbe signals demand for 100,000 tons
  • Pakistan is seeking to expand agricultural trade beyond rice, citrus and mango exports

ISLAMABAD: Tajikistan has expressed interest in importing 100,000 tons of Pakistani meat worth more than $50 million, with both governments expected to finalize a supply agreement soon, Pakistan’s food security ministry said on Tuesday.

Pakistan is trying to grow agriculture-based exports as it seeks regional markets for livestock and food commodities, while Tajikistan, a landlocked Central Asian state, has been expanding food imports to support domestic demand. Pakistan currently exports rice, citrus and mangoes to Dushanbe, though volumes remain small compared to national production, according to official figures.

The development came during a meeting in Islamabad between Pakistan’s Federal Minister for National Food Security and Research Rana Tanveer Hussain and Ambassador of Tajikistan Yusuf Sharifzoda, where agricultural trade, livestock supply and food-security cooperation were discussed.

“Tajikistan intends to purchase 100,000 tons of meat from Pakistan, an import valued at over USD 50 million,” the ambassador said, according to the ministry’s statement, assuring full facilitation and that Islamabad was prepared to meet the demand.

The statement said the two sides agreed to expand cooperation in meat and livestock, fresh fruit, vegetables, staple crops, agricultural research, pest management and standards compliance. Pakistan also proposed strengthening coordination on phytosanitary rules and establishing pest-free production zones to support long-term exports.

Pakistan and Tajikistan have long maintained political ties but bilateral food trade remains below potential: Pakistan produces 1.8 million tons of mangoes annually but exported just 0.7 metric tons to Tajikistan in 2024, while rice exports amounted to only 240 metric tons in 2022 out of national output of 9.3 million tons. Pakistan imports mainly ginned cotton from Tajikistan.