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Business
May 12, 2021
KARACHI: Jaffer Business Systems (Private) Limited has decided to acquire eight to ten startups by 2030 to show support to the ideas economy and innovation.
The company has already acquired a couple of start-ups, which were run by their own management. “The management of these startups keeps sufficient shares and run the startups themselves,” said Veqar ul Islam, CEO Jaffer Business Systems (Pvt) Limited in an interview with The News.
Unfortunately in traditional Pakistan, there is no focus on research and development (R&D), even though innovations relied on it.
“Over the period of time, we have brought up technologies here, which were at the top in other parts of the world,” he said. But even those did not get replicated. ....

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