An attendee uses a laptop computer at the The Nest i/o tech incubation center, in Karachi, Pakistan, on Monday, April 24, 2017. Jehan Ara, founder and president of The Nest i/o, took inspiration from visits to incubation centers in Germany, the U.K. and the U.S. Gaining about $1.4 million in grants from Alphabet Inc.’s Google, Samsung Electronics Co. and the U.S. State Department, about 100 startups have come through the center launched by the Pakistan Software Houses Association (P@SHA). Photographer: Asim Hafeez/Bloomberg
After banks in Pakistan turned down loan applications for his fledgling advertising company seven years ago, Faraz Khan found plenty of private investors willing to back his vision – with a catch.
A lot of the cash was illicit and accepting it would have turned his Gizelle Communication Ltd into a money launderer.
Limited time offer:
Just RM5 per month.
