Business

PM welcomes foreign investment worth $85 mln in Pakistani start-up Airlift

Islamabad: Prime Minister Imran Khan on Friday welcomed the recent investment worth $85 million by the world’s leading Venture Capitals (VCs) in a Pakistani tech start-up, Airlift.

Published 3 years ago on Aug 21st 2021, 1:10 am

By Web Desk

PM welcomes foreign investment worth $85 mln in Pakistani start-up Airlift

Taking to twitter, PM said that Pakistan has huge potential as the country was open for business.

“We welcome the recent investment of 85 million USD by leading VCs of the world in Airlift, a company led by young Pakistanis.”

He expressed the government’s commitment to create opportunities for foreign investors.

“My government is fully committed to creating opportunities,” he said.

We welcome the recent investment of 85 Million USD by leading VCs of the world in Airlift, a company led by young Pakistanis. Pakistan has huge potential and we are open for business. My govt is fully committed to creating opportunities.
— Imran Khan (@ImranKhanPTI) August 20, 2021

Airlift, a Lahore-based online shopping delivery service, has raised $85 million in Series B financing, the largest single private funding round in Pakistan’s history.

The financing is about twice the size of the largest private company IPO in the country’s history and the highest in the Middle East & North Africa region.