On Tuesday, 9 January 2024, Mr. Syafik, Counsellor of the High Commission represented the High Commission at the launching of the Pakistan Startsup Fund in Islamabad. The event was organised by the Ministry of IT and Telecom. The inauguration ceremony, led by Caretaker Federal Minister of IT and Telecommunication Dr. Umar Saif, marked a transformative moment for the country’s startup ecosystem. The fund, managed by Ignite National Technology Fund, is structured to provide a 30% annual grant for startup ventures, offering crucial financial support to kickstart their operations. Speaking at the ceremony, Dr. Umar Saif outlined the strategic importance of the Pakistan Startup Fund. He emphasized its role in positioning local startups as significant global players, marking a shift towards accelerated economic growth and technological innovation.
