Pakistan’s startup funding falls 77.2% in 2023 – Pakistan

Pakistan’s startups attracted a meagre $75.6 million in 2023, 77.2% lower year-on-year, as experts termed the drastic fall to the ‘normalising’ situation where high interest rates and a global tight-fisted environment took toll on fund-raising endeavours.

The amount was in stark contrast to the funds attracted in 2021 and 2022 when they stood at $365.8 million – the highest ever –…

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News Source: www.brecorder.com