Pakistani coworking operator Colabs eyes Middle East, Africa expansion 

People can be seen working at a coworking space built by Colabs in Lahore, Pakistan, in this photo shared by the Pakistani startup on October 25, 2021. (Photo courtesy: Colabs)
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Updated 26 October 2021
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Pakistani coworking operator Colabs eyes Middle East, Africa expansion 

  • Brainchild of brothers Ali and Omar Shah, Colabs plans to build community of 100,000 entrepreneurs in seven years
  • Backed by Swedish E-commerce giant Bangerhead, the Colabs mission is to “redefine the future of work in Pakistan”

KARACHI: Colabs, a Lahore-based shared workplace startup, has plans to expand its footprint beyond Pakistan in the next two years and has its eyes set on the Middle East and North Africa (MENA) region, the company’s cofounder said this week.
Coworking operators around the world usually rent out property space which hordes of self-employed persons or companies then share, amid a growing belief that shared spaces deliver greater synergies by driving up innovation and productivity.
Backed by Swedish E-commerce giant Bangerhead, Pakistani firm Colabs says it wants to “redefine the future of work in Pakistan” and create a community of 100,000 entrepreneurs across the country within seven years. It has set a 5,000-seat target in the next 18 months and aims for 10,000 seats over the next two years.
Colabs offers seats to individuals and companies on a rental basis to work and organize workshops or seminars in a complete office environment The Colabs community currently has 1,000 seats and services over 100 companies across multiple facilities in Pakistan. Sixty percent of the firm’s co-working space is occupied by tech companies. Users include a mix of freelancers, startups, small and medium enterprises and multinational corporations, including Rocket Internet, Patari, SadaPay, 10pearls, USAID, OMD and Coca Cola.
“We have created co-working space with 1,000 seats for over 100 companies since the launch of Colabs in 2019 and target creating 100,000 seats across the country,” CEO and cofounder Omar Shah, who established the company with his twin brother Ali, said in an exclusive interview with Arab News.
“Funding will be raised for targeted 4,000 seats within the next 18 months across Pakistan, including 1,000 each in Karachi and Islamabad, before starting overseas operations,” Omar said, without divulging how much funding would be required for the expansion.




People can be seen working at a coworking space built by Colabs in Lahore, Pakistan, in this photo shared by the Pakistani startup on October 25, 2021. (Photo courtesy: Colabs) 

Shah, who has around sevens years of work experience as a private equity and venture capital investor in Dubai, with a focus on emerging markets like Mexico, UAE, Turkey, and Pakistan, wants his startup to act as a “gateway” for foreign investment into Pakistan.
“We are projecting Colabs as a gateway to Pakistan by enabling international companies to enter and accelerate growth in the Pakistani market,” Shah said. “Young startups mainly in the Middle East and North Africa (MENA) region want access to Pakistan.”
The startup is eyeing the MENA region, Bangladesh and Sri Lanka to set up its overseas operations after achieving a 5,000-seat target in Pakistan.
“Companies come to us and ask for setting up offices, hiring and managing teams, including their payroll… in this scenario international expansion is in our plan and we will go to other markets,” he said. “Within two years, we would like to enter other markets, for example Saudi Arabia, Jordan, Egypt, Bangladesh and Sri Lanka.”
The demand for co-working spaces was increasing with the growth of startups and freelancers, and they would replicate the same co-working space model in other countries, the Colabs CEO said.
“Such space in Pakistan is limited roughly to around 8,000 to 9,000 seats, but in neighboring India, such seats are available to the tune of 250,000-300,000,” he said.
Shah said Colabs needed 5 million square feet of space to meet its goal of 100,000 seats, which was easily available across Pakistan.




In this undated photo, the logo for Colabs, a Pakistan coworking space operator, is seen on the company's headquarters in Lahore, Pakistan (Photo courtesy: Colabs)

Earlier this month, Abdul Razak Dawood, adviser for commerce and investment to Pakistani Prime Minister Imran Khan, said the country’s startups had set a record by raising $305 million during January and September 2021.
A group of young startups have made splashy funding announcements in recent weeks.
Quick-commerce startup Airlift unveiled a record $85 million Series B round last month, followed by business-to-business (B2B) venture Bazaar’s record $30 million Series A round. Last month, Tag, a one-year-old Pakistani startup that offers banking and financial services, raised over $12 million in what is now the largest seed financing round in Pakistan, and Oraan raised $3 million in the largest seed funding closed by a women-led startup in the country.
“India was the hub, where global investors were sitting for over a decade but in Pakistan people for the first time are coming to invest, including institutional and venture capitals,” Shah said.
However, he warned:
“Everyone is bullish on Pakistan today and we need to be very vigilant about the utilization of foreign funds that must not be wrongly utilized in the absence of a governance structure.”


Pakistan military sentences 60 civilians to jail of 2-10 years

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Pakistan military sentences 60 civilians to jail of 2-10 years

  • Military sentenced 25 civilians to prison time ranging from two to 10 years on Dec. 21
  • Khan supporters charged with attacking military installations during protests on May 9, 2023

KARACHI: A Pakistani military court has sentenced 60 civilians to jail time ranging from 2 to 10 years in connection with riots in which supporters of jailed ex-premier Imran Khan were accused of attacking army facilities, the military said on Thursday.
The announcement comes days after the military said it had sentenced 25 people to prison for participating in violent protests on May 9, 2023, when hundreds of alleged Khan supporters stormed military and government installations and even torched a top commander’s house. The riots followed the former premier’s brief arrest by paramilitary soldiers in a land bribe case that day.
The military initiated army court trials of at least 103 people accused of involvement in the violence and there have been widespread reports it also plans to prosecute Khan under the Pakistan Army Act on charges of treason and attempting to incite a mutiny in the military.
A list of the 60 convicts announced on Thursday included two retired military officers, Brig. (retired) Javed Akram and Captain (retired) Viqas Ahmed Mohsin, and Khan’s nephew Hassan Khan Niazi.
“The trial of 9th May accused under military custody has hereby been concluded under the relevant laws,” the Inter-Services Public Relations, the military’s media wing, said. “All convicts retain the right to appeal and other legal recourses, as guaranteed by the Constitution and law.”
The military said the government and army remained steadfast in “their commitment to upholding justice and ensuring that the inviolable writ of the state is maintained.”
The federal government’s spokesman Attaullah Tarar said the verdicts showed that “rule of law has prevailed.”
Khan’s Pakistan Tehreek-e-Insaf party also reacted to the development, saying the Dec. 21 verdicts by military courts against 25 civilians had been met by concern by the US, UK and the EU. 
“Despite concerns shown by the US State Department, UK Government and European Union, they went ahead with convicting more civilians, in violation of almost the entire operative part of International Covenant on Civil & Political Rights to which Pakistan is a party,” the party said in a statement. 
The verdicts come as the Pakistani federal government this week opened talks with the PTI in a bid to bring down political temperatures. 
Pakistan has remained gripped by political unrest and uncertainty since Khan’s ouster from power through a parliamentary no-confidence vote in April 2022. He blames his removal from the PM’s office on his political rivals led by Prime Minister Shehbaz Sharif and the all-powerful military. Both reject the charge. 
Though Khan was released days after his brief arrest on May 9 last year, he was rearrested in August and has since been in jail in a slew of cases he says are politically motivated.


Pakistan says prioritizes diplomacy, day after airstrikes in Afghanistan kill 46

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Pakistan says prioritizes diplomacy, day after airstrikes in Afghanistan kill 46

  • Pakistan army and government have not yet officially confirmed the airstrikes
  • Media reports say Pakistan had hit militant hideouts, killing several insurgents

ISLAMABAD: Foreign Office Spokesperson Mumtaz Zahra Baloch said on Thursday Islamabad prioritized diplomacy with neighboring Afghanistan, a day after the country's Afghan Taliban rulers said at least 46 people including women and children had been killed in Pakistani airstrikes in the eastern border province of Paktika.
The Pakistan army and government have not yet officially confirmed the airstrikes, which the Afghan Taliban have condemned, saying they had targeted "mostly civilians."
Media widely reported on Wednesday that Pakistani security forces targeted multiple suspected hideouts of the Pakistani Taliban, also known as the Tehreek-e-Taliban Pakistan (TTP), dismantling a training facility and killing several insurgents. 
At a weekly press briefing on Thursday, Baloch declined to confirm Tuesday’s airstrikes but said Pakistan was committed to the security of its people, and its security and law enforcement personnel conducted operations based on “concrete intelligence” against terror groups operating in the border areas.
“I would like to add here that Pakistan believes in dialogue and diplomacy.  We have always prioritized diplomacy in our relations with Afghanistan,” Baloch said. “Despite the presence of terror hideouts and sanctuaries, and the consistent threat they pose to Pakistan, we have always opted for diplomacy.”
Baloch reiterated Pakistan's demand that Afghanistan prevent the use of its territory for terror attacks against Pakistan, calling on the neighbor to work with Islamabad to combat the threat posed by groups like the TTP.
“And any issues that either side has with regards to border management, trade and transit trade, security, terrorism, these issues remain high on our bilateral agenda,” Baloch added.
Border tensions between the two countries have escalated since the Taliban government seized power in 2021, with Pakistan battling a resurgence of militant violence in its western border regions.
Islamabad has accused Kabul’s Taliban authorities of harboring militant fighters, allowing them to strike on Pakistani soil with impunity. Kabul has denied the allegations.
The banned TTP group said in a statement on Wednesday the strikes had hit “the homes of defenseless refugees” on Tuesday evening, killing at least 50 civilians, including 27 women and children.
Deadly air strikes by Pakistan’s military in the border regions of Afghanistan in March that the Taliban authorities said killed eight civilians had prompted skirmishes on the frontier.


China, Pakistan unveil sculptures of founding fathers, highlighting strategic ties

Updated 26 December 2024
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China, Pakistan unveil sculptures of founding fathers, highlighting strategic ties

  • The statues unveiled in Pakistan’s federal capital have been created by a veteran Chinese sculptor
  • PM Sharif says the event showed the depth of Pakistan-China ties based on trust and cooperation

ISLAMABAD: A Chinese delegation visiting Pakistan on Thursday unveiled sculptures of the founding fathers of both nations, Chairman Mao Zedong of China and Quaid-e-Azam Muhammad Ali Jinnah of Pakistan, in a ceremony, with Prime Minister Shehbaz Sharif hailing the event as a testament to the historic bonds between the two nations.

The event honored the pivotal roles of Mao and Jinnah in shaping the destinies of their respective nations. Mao led China through a transformative revolution, laying the foundation for its rise as a global power, while Jinnah, revered as

Pakistan’s father of the nation, spearheaded the movement for the creation of an independent homeland for Muslims in South Asia.

Last year, Pakistan’s diplomatic mission in Beijing unveiled similar statues of the two leaders during a ceremony attended by high-ranking Chinese officials and dignitaries.

The sculptures unveiled in Pakistan’s federal capital today were created by veteran Chinese artist Yuan Xikun, who expressed his pride in contributing to this historic project.

“It’s a great honor for me to be here at the Prime Minister’s Office for the unveiling ceremony of the sculptures of Pakistan’s father of the nation Quaid-e-Azam Muhammad Ali Jinnah and the brave leader of China, Chairman Mao Zedong, which I had been invited to create,” Yuan said.

“It’s the best commemoration of the 148th anniversary of the birth of Jinnah and the 131st anniversary of the birth of Mao Zedong,” he added.

Pakistan marked Jinnah’s birth anniversary, which falls on December 25, just a day ago, while China is commemorating Mao’s birthday today, December 26.

The Chinese sculptor said the inauguration of the statues reaffirmed the common admiration and respect that the two nations have for their leaders.

He also maintained the ceremony symbolized the brotherhood between the two countries.

Prime Minister Sharif, who was present at the gathering, underscored the depth of Pakistan-China relations, describing them as a model of mutual respect, trust and cooperation.

“The historic bonds between Pakistan and China forged over decades are a testament to our shared values, mutual respect, trust, and cooperation,” he said.

Highlighting the multifaceted collaboration between the two nations, Sharif praised initiatives like the China-Pakistan Economic Corridor (CPEC), cultural exchanges and educational programs.

“Hundreds of young Pakistani students visiting Chinese universities and learning Mandarin are building a bridge between Beijing and Islamabad,” he added, adding the first batch of Pakistani agriculture graduates would visit China early next year to gain expertise in modern farming techniques.


Pakistan’s Dewan Farooque Motors to launch Chinese electric trucks in 2025

Updated 26 December 2024
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Pakistan’s Dewan Farooque Motors to launch Chinese electric trucks in 2025

  • Completely Built Units of the ‘Kama’ have already arrived in Pakistan for local assembly
  • New Chinese electric truck leverages robust structure of diesel-powered Shehzore model

KARACHI: Dewan Farooque Motors Limited, a Pakistani automobile importer and manufacturer based in Karachi, will assemble Chinese electric trucks locally, with the vehicle’s launch scheduled for the first quarter of next year, a project director at the company said. 

Pakistan approved an ambitious National Electric Vehicles Policy (NEVP) in 2019 with the goal that electric vehicles would comprise 30 percent of all passenger vehicles and heavy-duty truck sales by 2030. It has set an even more ambitious target of electric vehicles comprising 90 percent of all vehicle sales by 2040.

“The ‘Kama,’ our new Chinese electric truck, leverages the robust structure of our diesel-powered Shehzore model. For Test trial, CBU (completely built) units have already arrived in Pakistan for further proceeding to local assembly, with a launch planned within first quarter of 2025,” Kashif Riaz, Director Projects at Dewan Farooque Motors, told Arab News. 

“Traditionally, commercial trucks have a voracious appetite for fuel. Electrifying them dramatically reduces operating costs. This light commercial vehicle has a 300 Kilometer e-range and supports rapid charging.”

Riaz said the widespread adoption of electric vehicles in Pakistan could bring international acclaim and even secure carbon credits from the World Bank, presenting a “golden opportunity” as Pakistan possessed the necessary capacity, skilled workforce, and infrastructure for domestic manufacturing. 

“With abundant lithium resources and the potential for in-country battery production, 100 percent localized electric vehicle manufacturing is within reach,” the project direxctor added. 

“By eliminating the need for traditional engines and transmissions, and by localizing production of key components like batteries, Pakistan can position itself as a global exporter of electric vehicles. Stronger support for domestic EV manufacturing will undoubtedly accelerate production.”

NEW EV POLICY

Hybrid electric vehicle sales in Pakistan have more than doubled in the past year. BYD Pakistan, a partnership between China’s BYD and Pakistani car group Mega Motors, said in September up to 50 percent of all vehicles bought in Pakistan by 2030 will be electrified in some form in line with global targets.

The Warren Buffett-backed Chinese electric vehicle giant BYD announced its entry into Pakistan in August, making the nation of 250 million people one of its newest markets.

Local media reported in August that standards for EV charging stations had been drafted by the power ministry, with the government considering offering them affordable electricity.

Under the new EV policy, the government has introduced subsidies of Rs50,000 for electric motorcycles and Rs200,000 for three-wheelers like rickshaws, with a total allocation of Rs4 billion. These subsidies will be distributed through auctions. So far, two companies have been granted licenses, and 31 more applications are under review.

The policy also incorporates a reduction in the policy rate from 22 to 15 percent, with financing available at a three percent Kibor (Karachi Interbank Offered Rate) and the government covering the financial cost. Consumers will pay monthly installments of around Rs9,000 over two years, an amount lower than their projected fuel savings.

A Credit Loss Guarantee managed by the Finance Division will ensure no financial burden on the Ministry of Industries or consumers.

Additional initiatives include offering free electric bikes or scooters to 120 high-achieving students and reducing duties on EV components to encourage local manufacturing. The government is also set to establish a New Energy Fund and a New Energy Vehicle Center to support these measures.

BYD Pakistan is also collaborating with two oil marketing companies to establish a charging infrastructure network and aims to establish 20 to 30 charging stations within the initial phases concurrent with the rollout of its cars.

BYD Pakistan will initially sell fully assembled vehicles, which are subject to higher import charges than vehicles shipped in parts and assembled locally. Dewan Motors is also set to launch its EVs under the completely knocked down (CKD) license.


Pakistan says 2024 dominated by ‘robust exchanges’ with Gulf nations

Updated 26 December 2024
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Pakistan says 2024 dominated by ‘robust exchanges’ with Gulf nations

  • Pakistan has been pushing for foreign investment to shore up its $350 billion economy
  • Saudi Arabia, UAE, Qatar remained key focus of Pakistan’s bilateral engagements in 2024

ISLAMABAD: Foreign Office Spokesperson Mumtaz Zahra Baloch on Thursday outlined Pakistan’s key bilateral engagements for 2024 during a year-end briefing, saying 2024 was dominated by “robust” engagements with Gulf Cooperation Council (GCC) nations. 

Pakistan has been pushing for foreign investment in a bid to shore up its $350 billion economy as it navigates a challenging recovery path and has been buttressed by a $7 billion facility from the International Monetary Fund (IMF) in September. It has particularly looked to strengthen ties with allies and friendly nations, particularly the UAE, which said it would invest $10 billion in promising economic sectors, and Saudi Arbia, which has promised a $5 billion investment package that cash-strapped Islamabad desperately needs to shore up foreign reserves and fight a chronic balance of payment crisis.

“There was a robust exchange of high-level engagements between Pakistan and the GCC countries,” Baloch said in her last briefing of the year 2024, adding that Prime Minister Shehbaz Sharif undertook four official visits to Saudi Arabia which had consolidated the two nations’ “strategic and economic partnership.”

“Important understandings were reached with the kingdom of Saudi Arabia in political security and economic domains, and to translate the commitment between Pakistan and his Royal Highness Prince Mohammad bin Salman to expedite investment package worth $5 billion,” the spokeswoman said. 

Pakistani and Saudi businesses signed 34 MoUs worth $2.8 billion in October. The prime minister’s office said this month seven of the 34 MoUs had been actualized into agreements worth $560 million.

The foreign office spokeswoman said trade and investment opportunities also remained a key focus of Pakistan’s bilateral engagements with Kuwait, Qatar and the UAE in 2024.

“Cooperation will be prioritized with these countries in energy, mining and aviation sectors,” she told reporters.

In May this year, Sharif said UAE’s Sheikh Mohamed bin Zayed Al Nahyan had “made a commitment of investing $10 billion in multiple sectors.”

Last month, the government’s spokesperson Attaullah Tarar said Qatar would invest $3 billion in diverse Pakistani sectors. In June, Pakistan also signed a loan agreement with Kuwait for $25 million for Mohmand Dam, with assurances of support from the Kuwait Fund that it would engage its Arab Coordination Group to finance Diamer Bhasha Dam. 

Pakistan and Kuwait also signed agreements on industrial cooperation and engineering in May.