Last Mile Money Launches Accelerator for FinTech’s in Pakistan
Last Mile Money is launching a FinTech accelerator for startups innovating around Cash-In/Cash-Out (CICO) challenges in South Asia and Sub Saharan Africa.
Last Mile Money is launching a FinTech accelerator for startups innovating around Cash-In/Cash-Out (CICO) challenges in South Asia and Sub Saharan Africa.
The powerhouse women Dr. Iffat Zafar Aga and Dr. Sara Khurram are the faces behind Pakistani startup Sehat Kahani. Their ability to identify the gap in female doctors’ practicing rate and its association with socio-cultural barriers bred the idea of their startup.
A very common question that is asked from legal advisors by startup owners in Pakistan is “why do I need to incorporate my startup?”. This question arises because there are other existing legal structures available like Sole Proprietorship or Limited Liability Company (LLC) etc. and the owners find themselves with a multitude of options that are difficult to choose from.
The Federal Board of Revenue (FBR) recently submitted a bill to the National Assembly secretariat proposing amendments to withdraw around 36 tax exemptions including withdrawal of income tax exemption on the export of IT & IT enabled services, and its replacement with a Tax Credit Scheme.
The State Bank of Pakistan (SBP) recently announced changes in the Chapter 20 of Foreign Exchange Manual in order to facilitate startups, fintechs and exports.
Pakistan’s startup ecosystem is maturing, says a McKinsey’s report. 3G/4G connections in the country have increased four-fold over the last three years, which marks a high level of connectivity in the country. With a surge in teledensity in recent times and a promising younger population of the country, the environment seems only promising for startups. Another factor to consider is the increased purchasing power of Pakistan’s middle class population.