KARACHI - the Securities and Exchange Commission of Pakistan announced on Tuesday that it published its annual sector report, according to a statement released to reporters.
Behind the scenes, the deal took nearly 20 months to negotiate, according to two people involved in the talks who asked not to be named because the discussions were private.
The numbers tell part of the story. Freelancers in Pakistan brought in $15 million in Q3 2025, and the country remains one of the largest suppliers of online talent in the world.
Background
Still, questions remain about long-term sustainability. Margins in the cloud infrastructure business are thin, and customer acquisition costs have risen sharply since 2021.
"The talent is here. What has been missing is patient capital and predictable policy."
Ahmed Raza, chief executive at Jazz
Investors remain cautiously optimistic. Total venture funding into Pakistani startups reached $15 million in Q4 2026, the strongest quarter since 2022.
The view from investors
The challenge now is execution. Previous attempts to build large-scale technology infrastructure in the country have stalled because of financing gaps and bureaucratic delays.
Key points
- Pricing to remain unchanged until at least September
- Funding round values the company at about $120 million
- Rollout begins in Faisalabad and Karachi before expanding nationwide
- Roughly 12 jobs expected over the next two years
Several competitors have made similar bets. Easypaisa expanded into Karachi earlier this year, while Samsung has been quietly hiring engineers in Lahore and Islamabad.
For consumers, the immediate impact is likely to be modest. Prices are expected to stay flat until at least April, and the new features will roll out gradually across the country.
Reporting by the WritePures newsroom. Have a tip? Contact our editors.
0 Comments
Join the conversation
Replying toNo comments yet. Be the first to share your thoughts.