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PKIC invests Rs500m in Planet N - Newspaper


LAHORE: Pakistan Kuwait Investment Company (PKIC) on Thursday announced that it is making an equity investment of Rs500 million in Planet N, a tech investment platform.
This is the largest equity investment by a local financial Institution in a tech investment platform in Pakistan. This investment will help Planet N expand its operations and motivate other investors to explore opportunities to develop and strengthen tech entrepreneurship and disruption in the country.
With total assets of over Rs107 billion and equity of over Rs38bn, PKIC is Pakistan’s leading DFI engaged in investment and development financing activities in the country. ....

Mubashar Maqbool , Pakistan Kuwait Investment Company , Tez Financial Services , பாக்கிஸ்தான் குவைத் முதலீடு நிறுவனம் , தெஜ் நிதி சேவைகள் ,

Pakistan Kuwait Investment Company to Bring Rs. 500 Million Equity Investment to Planet N


Pakistan Kuwait Investment Company to Bring Rs. 500 Million Equity Investment to Planet N
Pakistan Kuwait Investment Company (Private) Limited (PKIC) has announced that it is making an equity investment of Rs. 500 million in the Karachi-based company Planet N (Private) Limited.
This is the largest equity investment by a local Financial Institution in a Tech Investment Platform in Pakistan and had been approved by the Board of PKIC in December 2020.
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This investment will help Planet N expand its operations besides motivating other investors to explore opportunities to develop and strengthen tech entrepreneurship and disruption in the country.
With total assets of over Rs. 107 billion and equity over Rs. 38 billion, PKIC is Pakistan’s leading DFI engaged in investment and development financing activities in the country. ....

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Pakistan raises bar for GDP growth


Pakistan raises bar for GDP growth
Muzaffar Rizvi
© Provided by Khaleej Times
Pakistan raises bar for GDP growth
Pakistan will go for an ambitious six per cent economic growth target in the next two years as the International Monetary Fund (IMF) shows its willingness to renegotiate tough conditions for a $6 billion loan in the wake of rising Covid-19 cases.
Newly-appointed Finance Minister Shaukat Tarin said the country will increase infrastructure spending to create jobs and boost economic activity in the country.
The federal government will earmark as much as Rs900 billion [$6 billion] for development expenditure in the year beginning July. That s the bare minimum we need for a country this size, Tarin said during an interview with Bloomberg in Islamabad. ....

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