Pakistan start-up fund launched

Caretaker IT Minister Dr. Umar Saif has launched the Pakistan Start-up Fund (PSF) to support and facilitate business initiatives in the country.

Under the new programme, Dr. Umar Saif said the government will contribute up to 30% of the investment by the VC as a grant to startups through the Pakistan Start-Up Fund (PSF) and will not claim equity or a position on the board. He said this while addressing the launch ceremony held in Islamabad on Tuesday.

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