Pakistan Launches $10M Startup Fund, Targets $100B GDP Boost

Federal Minister Shaza Fatima Khawaja launched a $10 million fund under the Pakistan Startup Fund (PSF) 2.0, with plans to grow it to $25-50 million by involving global institutions like the World Bank, IFC, and ADB. The government aims to formalize 25% of the informal economy through digitalisation, which could add $100 billion to Pakistan's national GDP. This initiative seeks to address capital access challenges for startups and accelerate the nation's economic digitalisation. While a positive long-term economic development, its immediate impact on gold prices or the USD/PKR exchange rate is likely to be limited.

بحوالہ / Source: www.brecorder.com