This week saw Airlift raise USD 85 million in its Series B funding, setting a new record for the largest-ever fund-raising round for a Pakistani start-up. In general, 2021 has been a good year for Pakistani start-ups, which have raised USD 101 million this year, eclipsing the record set last year of USD 66 million.
What Else We’re Reading (Local)
- Pakistan’s fertiliser subsidy has seen it go from a net-importer of urea to an exporter. So, should the subsidy remain? (Profit)
- After the success of the Sehat Sahulat health insurance program in KP, the PTI government is now rolling out the program in Punjab, Gilgit Baltistan and AJK. (Business Recorder)
What Else We’re Reading (International)
- The Afghan Taliban now faces the challenge of running a state, but their funds will be heavily boosted by the country’s shadow economy. (FT)
- OnlyFans, the social media service valued at USD 1 billion, has announced that it will prohibit most kinds of sexually-explicit content on its platform, drawing accusations of moral bias from adult performers and fans. (Bloomberg)