Female fitness studio chain AimFit has raised a seed round of $1 million to become the first VC-backed fitness start-up out of Pakistan. Indus Valley Capital, a Pakistan-focused fund started by LinkedIn’s former VP Growth Aatif Awan, led the round. Angel investors include a unicorn founder and the founding team of Atoms amongst other high […]

Paystand rolled out its new Zero Card, a touchless, pre-paid, digital corporate expense designed for mid-market businesses that need more flexibility and control over budgets and spending. Zero Card allows businesses to manage, track, and control company spending in real-time. But unlike any corporate card on the market, the Zero Card leverages Paystand’s zero-fee payment network […]

Meezan Bank, Pakistan’s first and largest Islamic bank has successfully launched an electronic subscription to IPOs (Initial Public Offerings) for its corporate customers via CDC’s (Central Depository Company) newly launched Master TREC Module in Centralized eIPO System (CES). Using Master TREC in CES, Meezan Bank will allow registered Master TREC Holders (Brokerage Houses) to make payments electronically […]

Press release: IPO oversubscribed by 1.07x with more than 80% of the applicants subscribed through E-IPO. KARACHI, 28th MARCH, 2020: The Initial Public Offering of Bank Islami Ehad sukuk has been successfully closed. Despite the ongoing COVID–19 pandemic, significant interest was received from both institutional and retail investors with PKR 320.6 million subscriptions received against […]