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Pakistani Startups Secure $110 Million Investment at Dubai UnConference
DUBAI: PakLaunch, a group supporting Pakistani entrepreneurs, recently hosted the sixth edition of its UnConference near Dubai’s iconic Burj Khalifa. Over the past three years, this platform has successfully channeled $110 million in investments to Pakistani entrepreneurs and startups.
The event served as a nexus, connecting innovative Pakistani startups with international investors to foster networking and business opportunities.
The UnConference saw participation from over 40 Pakistani startups and more than 80 global investors, highlighting the significant potential within Pakistan’s growing tech sector and paving the way for partnerships and future expansion.
Aly Fahad, Founder and CEO of PakLaunch, spoke with Geo News, outlining the organization’s vision. “Our aim is to see Pakistan among the top 10 global tech ecosystems within five years. The UnConference is about taking action to empower young entrepreneurs and create tangible business opportunities,” he said.
Keynote speaker Fadi Ghandour, a global investor, lauded the capabilities of Pakistani youth. “Pakistani entrepreneurs can truly impact the world. This is the moment for the Middle East and South Asia to emerge, presenting a prime opportunity for Pakistani talent to excel on the global stage,” he noted.
Hassan Rizvi, a key organizer, emphasized the UnConference’s importance in helping startups tap into global markets. “Pakistani talent can engage with investors and secure funding not only locally but also internationally. With the appropriate support, these startups could even be listed on international stock exchanges,” Rizvi added.
Qasim Humayun Akhtar, founder of the fintech startup Digit plus, shared his company’s journey with Geo News. “Our smart payment system has greatly assisted thousands of farmers in Punjab and Khyber Pakhtunkhwa. The PakLaunch platform was crucial in transforming our vision into a reality,” Akhtar stated.
Misbah Naqvi, representing i2i Ventures, affirmed their dedication to promoting innovation. “We have already backed 13 Pakistani startups and intend to invest further to ensure their continued success,” Naqvi said.
Bilal Qureshi, a London-based investor, echoed this sentiment. “We are actively seeking out unique projects in the fintech, energy, and clean tech sectors. Pakistan offers tremendous potential for growth,” he remarked.
Pakistani Ambassador Faisal Niaz Tirmizi highlighted the value of platforms like the UnConference. “Pakistan’s IT exports currently stand at $3.6 billion, and we are projecting this could reach $35 billion in the coming years,” he stated, calling the event an “exceptional platform” for stimulating investment in Pakistan.
The UnConference concluded optimistically, with participants praising its role in creating opportunities for Pakistani entrepreneurs. With its proven track record of attracting $110 million in investments over the past three years, the platform has become a vital component in building a promising future for Pakistan’s tech-driven economy.
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