Venture capital fund to seek $1b investment

[Edevelop]

ISLAMABAD: Caretaker Minister of Information Technology and Telecommunication Dr Umar Saif has exhorted Pakistani diaspora to come and unlock the country’s investment potential as well as extended all-out support for the “Investment in Pakistan” conference to be held in the US in November this year.

Senior Adviser to the USAID Mission in the Private Sector, Diaspora Engagement and Digital Technology Kanwal Bokharey and ECON Counsellor John Letvin were part of the delegation, which was led by Mission Director Kate Somvongsiri.

They discussed bilateral issues related to investment by American companies in Pakistan.

The IT minister told the USAID Mission that a venture capital fund was being established for global investors with the assistance of Pakistan’s government, adding that the fund would ensure investment of at least $1 billion for startups.

In a sign of growing Pakistan-US trade relations, the minister mentioned the signing of memoranda of understanding (MoUs) for investment of $40 million at a recent conference, organised by the USAID and Silicon Valley, terming it a big milestone.

He emphasised that Pakistan’s information and communication technology (ICT) sector was paving the way for global investment and also outlined the caretaker government’s priorities, which included maximising investment opportunities and providing all incentives and facilities to global companies.

Speaking on the occasion, USAID Mission Director Kate Somvongsiri remarked, “There is no doubt that Pakistan is a big and attractive market for investors in the IT and telecom sector; we are trying our best to increase collaboration between American investors and Pakistani companies.”

She extended a special invitation to the IT minister for attending the investment conference in the first week of November. The second part of the “Invest in Pakistan” conference is aimed at catalysing investment in companies from the Pakistani diaspora.

Venture capital fund to seek $1b investment | The Express Tribune

Govt setting up fund to channel global financing into startups

tribune.com.pk

 

[Thəorətic Muslim]

I'll give you $5 for 12 battery 122 Grad system.

$100 for an F-16.

 

[Trango Towers]

I wouldn't give them Jack

 

[SaadH]

Another chutiyagri of this imported sepoy install caretaker regime of dumb and dumber...No one in their right might would give these perennial chors and looters even a penny of their hard earned money.

 

[Bilal.]

If I had 1 dollar for every billion dollar investment promise these liars make, I would be a millionaire.

 

[Ali_Baba]

The "Pakistani diaspora" can see there is no rule of law in Pakistan, where none of the institutions work properly at all, so they will not trust their wealth and treasure to such a country..

 

[truthseeker2010]

ISLAMABAD: Caretaker Minister of Information Technology and Telecommunication Dr Umar Saif has exhorted Pakistani diaspora to come and unlock the country’s investment potential as well as extended all-out support for the “Investment in Pakistan” conference to be held in the US in November this year.

Senior Adviser to the USAID Mission in the Private Sector, Diaspora Engagement and Digital Technology Kanwal Bokharey and ECON Counsellor John Letvin were part of the delegation, which was led by Mission Director Kate Somvongsiri.

They discussed bilateral issues related to investment by American companies in Pakistan.

The IT minister told the USAID Mission that a venture capital fund was being established for global investors with the assistance of Pakistan’s government, adding that the fund would ensure investment of at least $1 billion for startups.

In a sign of growing Pakistan-US trade relations, the minister mentioned the signing of memoranda of understanding (MoUs) for investment of $40 million at a recent conference, organised by the USAID and Silicon Valley, terming it a big milestone.

He emphasised that Pakistan’s information and communication technology (ICT) sector was paving the way for global investment and also outlined the caretaker government’s priorities, which included maximising investment opportunities and providing all incentives and facilities to global companies.

Speaking on the occasion, USAID Mission Director Kate Somvongsiri remarked, “There is no doubt that Pakistan is a big and attractive market for investors in the IT and telecom sector; we are trying our best to increase collaboration between American investors and Pakistani companies.”

She extended a special invitation to the IT minister for attending the investment conference in the first week of November. The second part of the “Invest in Pakistan” conference is aimed at catalysing investment in companies from the Pakistani diaspora.

Venture capital fund to seek $1b investment | The Express Tribune

Govt setting up fund to channel global financing into startups

tribune.com.pk

Lol even the US masters are saying "we are trying are best" but certainly a"MOU of 40 million is a big achievement"

 

[AZADPAKISTAN2009]

Let us examine this in honest way


Why should a Pakistani bring money into Country or not ?
There has to be a reason for investment

Property price now in Pakistan 50,0000 to 2 Crore , pretty much sums up life saving of working class if they saved anything in 25 year of work, how can anyone buy hard cash such prices?


Telecom/Internet/TV can be shut down anytime , no Business continuity

Elections , not held honest way

ECP chor

Finance minister chor

Army = Involved in Business , Plots , Governance , Politics , Manipulation

Courts = Half of time on Vacation other times only available for rich people

VIP Security = Obviously not for People

Rangers = Not for people , theft is job of police

Police = Not for people , can't stop theft

• Now demanding , new taxes on Petrol and Utilities

Salary Jobs - Low wages and heavily taxed

Free Lance work online - Damaged due to Electricity and Telecom outages

Jobs - Hiring standards are low , people can't get interview or guidance why they are not

Medicine - Sure you got prescription is the standard ok for meds is it available?

Health Care - Private sure you can get in , but can you pay the high expenses ?

Health care - Public hospital is like death sentence

Utility Gas - We ate up all Sui Gas from Balochistan - now buy imported

Utility Electricity - Even if there is no Electricity provided you must pay bill in full

Utility Water - Sometimes water comes sometimes it does not no solution , get tanker

Building inspector - Own demands

Plan approval for Building - State officials = Get in line wait 2 weeks , 30 days or under the table

Ground level Engineers - Builders, suppliers = Cut Corners

Raw material = Cut corners and say prices are high now