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UAE-based tech firm makes debut investment in Pakistan’s startup ecosystem

UAE-based tech firm makes debut investment in Pakistan’s startup ecosystem
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Updated 10 sec ago

UAE-based tech firm makes debut investment in Pakistan’s startup ecosystem

UAE-based tech firm makes debut investment in Pakistan’s startup ecosystem
  • Yango Ventures acquired a stake in Pakistani fintech Trukkr, which digitizes logistics services for over 20,000 drivers
  • The investment will help expand Trukkr’s credit tools and support unbanked trucking businesses across Pakistan

KARACHI: A UAE-based technology company has made its first investment in Pakistan, backing a local fintech that provides digital financial services to the logistics sector, the company said on Friday.

Yango Group, through its $20 million corporate venture arm Yango Ventures, acquired a stake in Trukkr, a platform that serves Pakistan’s $35 billion logistics market.

The investment will support Trukkr’s expansion, improve its credit-scoring technology and help increase financial access for thousands of unbanked trucking businesses.

“Pakistan’s logistics sector is full of potential, and Trukkr is helping move it forward — by giving operators the financial tools they need to scale and succeed,” said Daniil Shuleyko, CEO of Yango Group.

“This is the kind of local innovation we want to help grow, and it’s just the start of our work in Pakistan,” he added.

Founded in 2019, Trukkr digitizes operations for more than 20,000 drivers and over 100 enterprise clients.

Following its acquisition of a non-banking finance company (NBFC) license from Pakistan’s Securities and Exchange Commission, Trukkr now offers working capital and fleet financing powered by its proprietary credit engine, Prism.

Yango Group operates across over 30 global markets and brings experience in ride-hailing, e-commerce, fintech and AI. Its investment in Trukkr is part of a broader strategy to drive digital transformation in emerging markets, particularly in Middle East, North Africa, Sub-Saharan Africa and Latin America.

“In addition to their strategic equity investment, we find that their experience in building state-of-the-art logistics tech will allow us to strengthen our offerings in Pakistan and beyond,” said Sheryar Bawany, CEO of Trukkr.


Pakistan says 33 militants killed in cross-border infiltration attempt from Afghanistan

Pakistan says 33 militants killed in cross-border infiltration attempt from Afghanistan
Updated 15 sec ago

Pakistan says 33 militants killed in cross-border infiltration attempt from Afghanistan

Pakistan says 33 militants killed in cross-border infiltration attempt from Afghanistan
  • The military says the infiltrators were part of ‘Fitna al Khwaraj,’ or Pakistani Taliban militants
  • Balochistan CM praises the operation, vows to eliminate all threats to the province’s peace

KARACHI: Pakistani security forces killed 33 militants attempting to infiltrate from Afghanistan into the country’s southwestern Balochistan province, the military said on Friday, in one of the deadliest recent cross-border encounters.

Pakistan has repeatedly accused neighboring Afghanistan of harboring militants responsible for cross-border attacks, particularly members of the Tehreek-e-Taliban Pakistan (TTP), an umbrella group of insurgent factions reportedly operating from sanctuaries across the border.

Islamabad says the TTP’s leadership is based in Afghanistan and receives support from India, a charge both Kabul and New Delhi have denied.

The TTP, which the Pakistani state refers to as Fitna al Khwaraj, a term drawn from Islamic history denoting a violent rebel group, has been blamed for hundreds of attacks.

“On night 7/8 August 2025, movement of a large group of khwarij, belonging to Indian proxy Fitna al Khwaraj, who were trying to infiltrate through Pakistan-Afghanistan border, was detected by the security forces in general area Sambaza, Zhob District of Balochistan,” the Inter-Services Public Relations (ISPR) said in a statement.

“Own troops effectively engaged and thwarted their attempt to infiltrate,” it added. “As result of precise, bold and skillful engagement, thirty three Indian sponsored khwarij were sent to hell. A large cache of weapons, ammunition & explosives was also recovered.”

The ISPR said “a sanitization operation” was underway in the area to eliminate any remaining militants, as it pledged to continue efforts to “eradicate the menace of Indian sponsored terrorism from the country.”

While the recent infiltration attempt took place in volatile Balochistan province, where Baloch separatists also operate, the TTP has primarily carried out attacks in the northwestern Khyber Pakhtunkhwa region, targeting security personnel, police and civilians.

Balochistan’s Chief Minister Mir Sarfraz Bugti welcomed the operation, calling it a successful counter-infiltration move that “made the nation proud.”

“The people of Balochistan stand united against the enemies of peace,” he said. “Every obstacle to peace and prosperity in Balochistan will be eliminated.”

Pakistan, which has witnessed a surge in militant violence in recent years, has stepped up pressure on Afghanistan’s Taliban government to take action against militant sanctuaries.

The Afghan Taliban deny allowing their territory to be used for cross-border attacks.


Subdued monsoon expected in Pakistan until August 12 as death toll from rains remains at 303

Subdued monsoon expected in Pakistan until August 12 as death toll from rains remains at 303
Updated 50 min 44 sec ago

Subdued monsoon expected in Pakistan until August 12 as death toll from rains remains at 303

Subdued monsoon expected in Pakistan until August 12 as death toll from rains remains at 303
  • House collapses caused about 55 percent of this season’s deaths, followed by drowning and flash floods
  • Nearly 47 percent of the deceased were children, National Disaster Management Authority data show

ISLAMABAD: Pakistan’s monsoon activity is likely to remain subdued until August 12, with a possible revival over the upper half of the country from August 13, the Meteorological Department said on Friday, as the nationwide death toll from rain-related incidents held steady at 303.

The outlook came as authorities continue to assess damage from weeks of downpours, which began in late June. According to the National Disaster Management Authority (NDMA), over 730 people have also been injured since June 26, more than half of them in Punjab province.

Children accounted for nearly 47 percent of the deceased.

“No significant flood situation is expected in any of the major rivers up to 13th August,” the Met Office said, although it warned of increasing river flows due to water releases from upstream reservoirs in India.

The NDMA’s latest daily situation report noted no new casualties or injuries in the last 24 hours, but warned of residual impacts, particularly in Khyber Pakhtunkhwa (KP), where five houses were partially damaged and six livestock perished in the districts of Haripur and North Waziristan.

House collapse remains the leading cause of death during this monsoon season, accounting for 55.1 percent of fatalities, followed by drowning (17.8 percent) and flash floods (14.9 percent).

Pakistan is among the countries most vulnerable to the effects of climate change, frequently experiencing heatwaves, glacial lake outburst floods and erratic rainfall.

In 2022, the country suffered catastrophic flooding that submerged a third of its territory, displaced millions of people and caused over $30 billion in damage, according to government and international estimates.

Climate scientists say Pakistan’s exposure to extreme weather events has increased due to warming temperatures, shrinking glaciers and changing monsoon patterns, prompting the government to push for climate finance and adaptation support at international forums.


Low breastfeeding rates cost Pakistan $2.8 billion annually — WHO

Low breastfeeding rates cost Pakistan $2.8 billion annually — WHO
Updated 08 August 2025

Low breastfeeding rates cost Pakistan $2.8 billion annually — WHO

Low breastfeeding rates cost Pakistan $2.8 billion annually — WHO
  • In Pakistan, low breastfeeding rates linked to over 33,700 child deaths, 6.6 million diarrhea cases, 2.7 million school years lost yearly
  • Only 48.4 percent of infants under six months exclusively breastfed in Pakistan, well below World Health Assembly target of 60 percent by 2030

KARACHI: The World Health Organization (WHO) warned on Friday only 48.4 percent of infants under six months were exclusively breastfed in Pakistan, a shortfall that is costing the country an estimated $2.8 billion annually due to the negative impact on public health.

Low rates of breastfeeding have serious public health and economic consequences in Pakistan and are linked to more than 33,700 child deaths, 6.6 million diarrhea cases and 2.7 million school years lost every year, according to data from Nutrition International. Families also spend more than $888 million each year on breastmilk substitutes, which are less nutritious and increase the risk of illness in infants.

“Investing in informing and supporting all mothers to prioritize breastfeeding is investing in a healthier Pakistan,” WHO Representative in Pakistan Dr. Dapeng Luo was quoted as saying in a statement, which said the 48.4 percent of infants under six months who are exclusively breastfed in Pakistan was well below the World Health Assembly target of 60 percent by 2030.

“WHO will continue to fully support Pakistan and its partners to promote breastfeeding, which is the safest and best way to protect a baby’s health and, in addition, generates $35 in economic returns for every dollar invested.”

Under this year’s global theme of Breastfeeding Week 2025 — Prioritize breastfeeding: Create sustainable support systems — WHO reaffirmed that breastfeeding remains one of the most effective interventions for infant health and survival.

Since January 2024, WHO has supported over 172,000 mothers in 157 nutrition stabilization centers across Pakistan and trained more than 700 health care workers under breastfeeding promotion programs.

Breastfeeding is one of the most effective ways to ensure a child’s health, development, and survival in the earliest stages of life. It provides essential nutrients, strengthens the immune system, and acts as a newborn’s first vaccine by offering protection against common childhood illnesses such as diarrhea and pneumonia.

The World Health Organization and UNICEF recommend exclusive breastfeeding for the first six months of life, as it significantly lowers the risk of infant mortality, malnutrition and infection.


 


Pakistan condemns Israel’s ‘desecration’ of Al-Aqsa Mosque, warns of regional escalation

Pakistan condemns Israel’s ‘desecration’ of Al-Aqsa Mosque, warns of regional escalation
Updated 36 min 12 sec ago

Pakistan condemns Israel’s ‘desecration’ of Al-Aqsa Mosque, warns of regional escalation

Pakistan condemns Israel’s ‘desecration’ of Al-Aqsa Mosque, warns of regional escalation
  • Foreign office spokesperson urges world to take immediate steps against Israel’s “inhumane” aggression
  • Islamabad also dispatched a consignment carrying 100 tons of rations, ready meals and medicines to Gaza

ISLAMABAD: Pakistan’s Foreign Office on Friday condemned the “desecration” of Al-Aqsa Mosque by Israeli ministers and officials, warning that such provocations risk triggering a “catastrophic spiral of violence” in the region.

Israeli far-right National Security Minister Itamar Ben Gvir and officials, guarded by Israeli forces and accompanied by thousands of settlers, this month stormed the Al-Aqsa Mosque compound. Ben Gvir said he prayed at the site, in violation of rules covering one of the most sensitive sites in the Middle East.

Under a delicate decades-old “status quo” arrangement with Muslim authorities, the Al-Aqsa compound is administered by a Jordanian religious foundation and Jews can visit but may not pray there. The Israeli incursion saw assaults on Muslim worshippers, journalists and mosque guards, drawing widespread condemnation for the violation of the site’s sanctity.

“The presence and statement of senior Israeli officials and the repugnant declaration that the Temple Mount is ours are a dangerous and deliberate attempt to provoke religious sentiments across the world, escalate tensions and alter the status of Al-Aqsa Mosque,” Pakistani Foreign Office spokesperson Shafqat Ali Khan said at a weekly press briefing in Islamabad.

“Israel’s expansionist attempts are a deliberate effort to destabilize the region and sabotage any meaningful path to peace. These provocations risk igniting a catastrophic spiral of violence across the region.”

Al-Aqsa Mosque is the third holiest site in Islam, following the Ka’aba in Makkah and the Prophet’s Mosque in Madinah. It holds profound spiritual significance as the first Qibla (direction of prayer) for Muslims.

Khan urged the world to take immediate steps against Israel’s “systemic, illegal, inhumane and unlawful” aggression and protect the religious sanctity of the Al-Aqsa Mosque.

Separately, he said, Pakistan dispatched an 18th consignment of relief goods to Gaza.

“The 18th consignment comprised 100 tons of relief goods, including ration bags, ready meals and medicines,” Pakistan’s Disaster Management Authority said.

The development came days after Israel’s military said it will open humanitarian corridors to allow aid convoys into the Gaza Strip, following an international outcry stoked by images of malnourished children in a deepening hunger crisis.

Pakistan, which does not have diplomatic ties with Israel, has consistently condemned Israeli military actions and called for the uninterrupted flow of humanitarian aid into Palestinian territory.

The South Asian country last month used its presidency of the United Nations Security Council (UNSC) to refocus global attention on the worsening humanitarian crisis in Gaza.


Pakistan says will explore ‘new solutions’ in polio eradication as cases hit 19 in 2025

Pakistan says will explore ‘new solutions’ in polio eradication as cases hit 19 in 2025
Updated 08 August 2025

Pakistan says will explore ‘new solutions’ in polio eradication as cases hit 19 in 2025

Pakistan says will explore ‘new solutions’ in polio eradication as cases hit 19 in 2025
  • Top polio official emphasizes maintaining efforts in both high-risk hotspots and better-performing areas
  • Polio eradication efforts in Pakistan face setbacks due to vaccine misinformation and militant attacks on health workers

KARACHI: Pakistan will adopt new approaches in its fight against polio as the country confirmed its 19th virus case of the year, the country’s top polio official said on Friday, stressing the need for accountability and innovation ahead of the next nationwide vaccination drive next month.

Pakistan recorded its 19th polio case of the year this week after a five-month-old child tested positive in the northwestern Lakki Marwat district. Pakistan and Afghanistan remain the only two countries where polio is still endemic. 

Islamabad made significant progress in curbing the virus, with annual cases falling from around 20,000 in the early 1990s to just eight in 2018. Pakistan reported six cases in 2023 and only one in 2021, but the virus resurged sharply in 2024 with 74 reported cases.

“We will work differently this year, moving beyond traditional approaches and exploring new solutions,” said Ayesha Raza Farooq, the Prime Minister’s Focal Person on Polio, after chairing a meeting of the National Polio Management Team in Islamabad.

The meeting brought together the National Emergency Operations Center, provincial polio coordinators and international eradication partners to review the situation across all four provinces.

“The spread of the poliovirus has increased, but work is continuing toward improvement,” Farooq added. “The period before a polio campaign is crucial for results.”

Health authorities will begin the next nationwide polio vaccination campaign on September 1, with a special focus on high-risk and priority areas including southern Khyber Pakhtunkhwa.

Farooq directed teams in Khyber Pakhtunkhwa, the worst hit province with 12 of the total 19 cases, to address security challenges in its southern districts and emphasized maintaining efforts in both high-risk hotspots and better-performing areas.

“Polio eradication requires real accountability at every level,” she said, adding that collaboration with routine immunization programs remained critical.

Pakistan’s efforts to eradicate the virus have been repeatedly undermined by vaccine misinformation and resistance from some religious hard-liners who claim that immunization is a foreign plot to sterilize Muslim children or a cover for Western espionage. Militant groups also frequently target polio vaccination teams, and the security personnel assigned to protect them, particularly in the KP and Balochistan provinces.