Pakistan finmin meets venture capital firm Gobi as $50 million tech fund proposed

Federal Minister for Finance and Revenue, Senator Muhammad Aurangzeb, holding a meeting with a delegation of Gobi Partners led by Mr. Thomas Tsao, Chairman, in Islamabad on February 11, 2026. (PMO)
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Updated 11 February 2026
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Pakistan finmin meets venture capital firm Gobi as $50 million tech fund proposed

  • Techxila Fund II aims to empower Pakistani startups in fintech, e-commerce, logistics, supply chain sectors
  • Finance Minister Muhammad Aurangzeb reaffirms commitment to strengthen venture capital landscape 

KARACHI: Finance Minister Muhammad Aurangzeb met a delegation of the global venture capital firm Gobi Partners on Thursday during which it proposed a $50 million tech fund to empower Pakistani startups, the Finance Division said. 

Gobi Partners is a prominent Malaysia-based venture capital firm. Founded in 2002, the firm says it has more than $1.6 billion in assets under management and invested in over 400 companies across 16 locations in Asia. 

Aurangzeb held a meeting with a high-level Gobi Partners delegation, which included its Chairman Thomas Tsao, Managing Partner Naiel Ikram and Investment Associate Abraiz Abdullah at the Finance Division. 

The delegation briefed the finance minister on Gobi’s regional footprint and its investments in Pakistan through the Techxila Fund I, which was launched in 2020 and has supported startups across fintech, e-commerce, and digital infrastructure, the Finance Division said. 

“Gobi Partners also shared a plan regarding Techxila Fund II, with a proposed target size of USD 50 million, aimed at investing in high-potential sectors including fintech, logistics, health technology, and software services,” the Finance Division said. 

“The firm expressed its intention to anchor the fund with its own capital and mobilize participation from domestic and international institutional investors.”

The Techxila Fund II aims to empower startups in Pakistan as well, focusing on fintech, e-commerce, logistics and supply chain and health tech, according to an earlier statement from Gobi Partners. 

Aurangzeb underscored the Pakistani government’s commitment to strengthening its venture capital and innovation landscape, saying it is a part of its broader strategy to promote private sector-led growth, deepen financial markets and support technology-driven economic diversification. 

The delegation highlighted the importance of further strengthening the enabling framework for venture capital in Pakistan, the Finance Division said.

“In this regard, they suggested encouraging greater participation by domestic financial institutions in venture capital and private equity, as well as considering tax pass-through status for venture capital and private equity fund investments to facilitate local investor participation,” it added. 

The meeting takes place amid Pakistan’s aggressive attempts to increase foreign investment in recent years. The South Asian country has aimed to consolidate recent economic gains such as lower inflation and higher foreign exchange as it targets sustainable economic growth. 


Pakistan to auction 5G spectrum tomorrow ahead of phased rollout in major cities

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Pakistan to auction 5G spectrum tomorrow ahead of phased rollout in major cities

  • 5G services will initially begin in Islamabad, Lahore, Karachi, Peshawar and Quetta
  • Regulator will auction 11 bands to Ufone, Zong and Jazz via electronic bidding system

ISLAMABAD: Pakistan will hold an auction for 5G spectrum tomorrow, Tuesday, as the government prepares to launch next-generation mobile services in five major cities in bid to improve Internet speeds and connectivity, top officials said on Monday.

The development comes at a time of mounting pressure on Pakistan’s telecommunication networks and Internet service providers, with users and businesses frequently complaining of slow speeds and disruptions as a limited spectrum struggles to serve the South Asian nation of over 240 million.

Pakistan has more than 130 million broadband connections but access remains uneven, though its IT exports reached a record $3.8 billion in Fiscal Year 2024–25, up from $3.2 billion the previous year, marking an 18 percent year-on-year increase, according to the Pakistan Software Export Board.

The 5G spectrum auction will begin at 10am on Tuesday through an electronic system at the Pakistan Television headquarters, according to Pakistan Telecommunication Authority’s (PTA) Director-General for Licensing Aamir Shahzad.

“In the first phase, six spectrum bands will be auctioned among mobile network operators Ufone, Zong and Jazz, followed by bidding for five additional bands until 4pm,” he said at a briefing in Islamabad.

PTA Chairman Hafeez-ur-Rehman said a mock trial had already been conducted and all three telecom operators had been briefed on the bidding process.

The auction will not follow an open bidding format as each spectrum band would be auctioned separately, according to officials. The government expects the launch of 5G services to improve digital connectivity without increasing costs for consumers.

“The introduction of 5G will not raise data prices and there will be no additional burden on consumers,” the PTA chairman said.

IT Minister Shaza Fatima Khawaja said the government was encouraging wider adoption of 5G-compatible devices in Pakistan.

“Our aim is that as many people as possible use 5G mobile phones,” she said, adding that about 95 percent of mobile phones in Pakistan are locally manufactured.

According to officials, 5G services will initially be rolled out in Islamabad, Lahore, Karachi, Peshawar and Quetta, before expanding nationwide as the infrastructure develops.

Khawaja said Pakistan currently uses 274-megahertz spectrum which has been in use since 1987, and the upcoming auction will make a 600-megahertz spectrum available.

She said the auction would be conducted through specialized software and streamed live to ensure transparency.

PTA DG Licensing Shahzad said Pakistan currently has one of the lowest spectrum allocations in the region, and the government has prepared a nine-year plan for complete 5G rollout.

Under the plan, telecom operators will add around 3,000 new network sites each year, with initial 5G speeds expected to reach 50 megabits per second (Mbps).

PTA officials also said Pakistan currently offers some of the world’s cheapest mobile data services and assured that consumer protection would remain a priority.

Around 500,000 5G-enabled mobile phones have been produced in Pakistan in recent months, while five local manufacturers have already started producing more such devices, they added.