Backed by US and UAE-based private equity firms, Pakistani logistics startup raises $3.7 million 

The undated photo shows Trax logo printed on a delivery box. (Photo courtesy: trax.pk/Website)
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Updated 25 March 2023
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Backed by US and UAE-based private equity firms, Pakistani logistics startup raises $3.7 million 

  • UAE-based Tricap Investments joins other investors in funding round that will allow Trax to accelerate its growth   
  • Pakistani startups have raised $15.2 million since January this year as compared to around $350 million raised in 2022  

KARACHI: Trax, a Pakistani startup building logistics for digital economy, has raised $3.7 million in a Seed funding round from a consortium of strategic investors, the startup announced on Friday.  

The round was co-led by the US-based Amaana Capital, making it’s second direct investment into Pakistan, and the UAE-based Tricap Investments. PNO Ventures committed to the round as did angel investors, including CEO of Walmart-backed fintech One Omer Ismail and Silicon Valley tech entrepreneur Jahanzeb Sherwani.   

Pakistan saw a huge funding rush in 2021 when startups attracted around $360 million but the funding fell to around $350 million in 2022. With the latest funding round, the amount disclosed by Pakistani startups has increased to $15.2 million in 2023.        

Trax said the funding would be utilized to expand logistic operations with introduction of new tech-based business solutions to customers.  

“The investment will be used to accelerate the growth of Trax's logistics services and the introduction of new business verticals such as fintech and technology solutions for customers,” the startup said in a statement on Friday. 

Trax, one of the pioneering logistics players in the Pakistani e-commerce sector, has been instrumental in facilitating the growth of e-commerce in Pakistan since its launch in mid-2017 by introducing innovative logistics solutions and disrupting the extended payment cycles of legacy players.   

"We have built Trax with hard work and passion while funding ourselves because of our strong belief in the model. This funding will allow us to accelerate our journey as we continue to solve problems for the ecommerce & logistics industry through our tech solutions," said Hassan Khan, founder and CEO of Trax.  

"Our new partners will help open doors for us to markets outside Pakistan and guide us to launch new verticals as we take Trax from a logistics company to one that solves connectivity issues and enhances financial inclusion in Pakistan."   

Trax has built the third-largest delivery network in Pakistan with "access to 95% of the population," served through over 100 warehouses, hubs, and retail centers nationwide, according to the statement.   

The company also pioneered a by-road fast-transit line haul system for e-commerce improving lead times while reducing costs for their clients. Trax works with more than 7,000 ecommerce merchants and also has clients in the banking, pharmaceuticals, FMCG and manufacturing industries, who trust its exceptional team of over 2,000 talented individuals to move their goods with speed and efficiency.   

"We are impressed with Trax's innovative approach to logistics and their commitment to providing high quality solutions to their customers,” Suleman Soorani, a partner at Tricap Investments, was quoted as saying in the statement. 

"Trax has an exceptional leadership team and a proven track record of delivering scale." 

Aziz Hashim, managing partner at Amaana Capital, and other investors also expressed their confidence that the company will continue to expand its operations and become a leading logistics player in Pakistan.  

Earlier, Maqsad, a Pakistani edtech company, had announced raising $2.8 million in a seed funding round while in another fund-raising deal the AdalFi, a Lahore-based digital lending infrastructure, had raised $7.5 million, whereas $1.2 million were raised by Swag Kicks, a Karachi-based second-hand online clothing marketplace. 


PSL X: Babar’s 50 helps Peshawar Zalmi cruise to 7-wicket win over Lahore Qalandars

Updated 24 April 2025
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PSL X: Babar’s 50 helps Peshawar Zalmi cruise to 7-wicket win over Lahore Qalandars

  • Babar Azam scores unbeaten 56 runs from 42 balls while Hussain Talat smashes 51 runs
  • With two wins under their belt, Zalmi next face Quetta Gladiators on Sunday, April 27

ISLAMABAD: Spurred on by a stellar half-century by skipper Babar Azam, Peshawar Zalmi beat Lahore Qalandars by seven wickets to register their second victory of the HBL Pakistan Super League (PSL) X edition in Lahore on Thursday. 
Zalmi were set a modest total of 130 runs after Azam’s side bowled out the Qalandars for a modest 129 runs in 19.2 overs. Alzarri Joseph was the pick of the Zalmi bowlers with 3/15 figures while Luke Wood and Hussain Talat returned figures of 2/25 and 2/18, respectively.
The “Yellow Storm” ran into difficult earlier on during their chase, losing opener Saim Ayub for just 2 runs while star batter Tom Kohler-Cadmore fell for a duck. Azam kept his cool, scoring 56 runs from 42 balls and building partnerships with Mohammad Haris (20 off 16) and Hussain Talat (51 off 37) to see his team to the end.
“Not an ideal start for our home leg,” the Qalandars wrote on social media platform X. “Overwhelmed with the support of our home crowd, we will come back stronger!“


Qalandars skipper Shaheen Shah Afridi found his form with the ball, clocking in speeds of over 140 kilometers per hour frequently. The left-arm pacer was able to return figures of 2/22 from his four overs while speedster Haris Rauf finished with figures of 1/39 from 3.4 overs. 
Zalmi now have two wins from five matches in the HBL PSL 10 edition so far, beating the Multan Sultans by 120 runs earlier in the tournament to register the largest win in PSL history. They are now placed at number four on the PSL points table, tied with four points with Lahore Qalandars. 
Azam’s side will next take on Quetta Gladiators in the tournament on Apr. 27.


Sindh CM, Islamic Development Bank discuss housing, women empowerment projects

Updated 24 April 2025
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Sindh CM, Islamic Development Bank discuss housing, women empowerment projects

  • IsDB is financing $200 million for reconstruction of houses for those affected by catastrophic 2022 floods
  • Bank agrees to provide more support for water, sanitation, and hygiene projects in Sindh, says state media

ISLAMABAD: The chief minister of Pakistan’s southern Sindh province discussed housing for flood affectees and women empowerment projects with a high-level delegation of the Islamic Development Bank (IsDB), state-run media reported on Thursday.
The IsDB is financing $200 million for the reconstruction of houses for those affected by the catastrophic 2022 floods. Torrential rains and melting glaciers triggered flash floods across the country that killed over 1,700 people and caused damages worth $33 billion, according to Pakistan’s estimates.
Sindh Chief Minister Syed Murad Ali Shah met an IsDB delegation led by its Regional Director, Dr. Walid Abdelwahab, to discuss the Sindh Flood Emergency Housing Reconstruction Project (SFEHRP) and the Sindh Integrated Health and Women Empowerment Project. Both projects involve collaboration with the World Bank, the state-run Associated Press of Pakistan (APP) said.
“The chief minister welcomed Dr. Abdelwahab and expressed gratitude for the IsDB’s support in rebuilding homes for the flood-affected population,” APP reported.
Shah said the Sindh government, in partnership with international collaborators and NGOs, is actively implementing Water, Sanitation, and Hygiene (WASH) projects in various districts to improve public health, particularly in flood-affected and underserved communities.
“In response to the chief minister’s request, the IsDB agreed to provide additional support for the WASH project,” the report said.
Shah stressed that the SFEHRP and WASH projects have been designed to enable owner-driven, multi-hazard-resilient reconstruction of core housing units following the 2022 floods.
The Sindh Integrated Health and Women Empowerment Project is a $280 million initiative that includes financing of $50 million from the IsDB, $30 million from the Sindh government, and $200 million from foreign fund assistance (FFA).
Shah explained that the project aims to enhance the utilization and quality of reproductive, maternal, newborn, child, adolescent, and nutrition (RMNCAH+N) services for poor and vulnerable populations, particularly adolescents and women, in targeted areas of the province.
“The process to hire a third-party firm to oversee the skill development of 6,000 eligible women has begun in consultation with the IsDB,” the APP said.
As part of the program, 124 government dispensaries will be rehabilitated and upgraded, with diagnostic and preliminary design reports already completed, the state-run media said.


Roadside bombing in southwestern Pakistan kills 3, injures 5

Updated 24 April 2025
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Roadside bombing in southwestern Pakistan kills 3, injures 5

  • Blast was caused by bomb planted in a road in Balochistan’s district Kalat, says government official
  • No group has claimed responsibility but suspicion is likely to fall on separatist Baloch Liberation Army

QUETTA: Three people were killed while five others were injured in southwestern Pakistan on Thursday after a vehicle was struck by a powerful roadside blast, a government official said.
The blast took place in Balochistan’s Kalat district in a remote mountainous area known as Union Council Kaboto, located around 46 kilometers from Kalat city. Two women were among the three killed in the attack which was triggered by an explosive device planted on the road, Kalat Deputy Commissioner Jameel Ahmed said.
“A vehicle passing the area was hit by the explosion, killing three people including two women and injuring five others,” Baloch said.
The official said the driver of the vehicle was also killed in the blast, which was carrying women passengers to Ameeri area in Kalat district. He said the injured had been shifted to Kalat Teaching Hospital for medical treatment.
 “The district administration and [paramilitary] Levies force commenced an investigation to ascertain who was the target of this latest attack,” Baloch said.
No group immediately claimed responsibility for the attack. However, ethnic Baloch separatist groups, mainly the Baloch Liberation Army (BLA), often target soldiers of Pakistan’s armed forces, passengers from the eastern Punjab province, and locals and tribal elders they consider backed by the state.
Pakistan’s largest but least developed Balochistan province shares borders with Iran and Afghanistan. It has long been the site of low-scale insurgency by Baloch separatist groups, who accuse Islamabad of exploiting the province’s natural resources and denying locals a share in its natural resources.
Pakistan’s government and military denies these allegations, claiming that the federal and provincial governments have prioritized Balochistan’s development through various health, education and infrastructure projects.


Pakistan pauses controversial canals project amid protests in Sindh

Updated 24 April 2025
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Pakistan pauses controversial canals project amid protests in Sindh

  • Nationalist parties, civil society members in fear project to build canals on River Indus will trigger water shortages
  • Shehbaz Sharif says there will be no further progress on canals until all provinces reach a consensus over the matter

ISLAMABAD: Prime Minister Shehbaz Sharif announced on Thursday that the federal government will pause constructing new canals on River Indus until a consensus develops between Pakistan’s provinces on the matter, following outrage and sit-in protests in Sindh.
Pakistan’s government launched an ambitious agricultural project in February to build a network of six canals on River Indus. The government says it aims to irrigate millions of acres of barren lands and ensure food security for the 240-million strong country.
However, critics say the project would trigger water shortages in the southern parts of the country, especially Sindh. Lawyers, members of the civil society and supporters of nationalist parties in Sindh have disrupted trade and traffic on the province’s National Highway since last Friday, staging sit-in protests over the issue.
Pakistan Peoples Party (PPP), a key ally of the ruling coalition led by Sharif and the largest party in Sindh, has led protests against the project. PPP Chairman Bilawal Bhutto Zardari met Sharif on Thursday to discuss the canals issue and Pakistan’s prevailing tensions with India.
“We must resolve this issue through mutual consent and dialogue,” Sharif said with Bhutto Zardari by his side. “And today, in the meeting held between the Pakistan Peoples Party and the Pakistan Muslim League (Nawaz), we have mutually agreed that no new canals will be constructed until a decision is reached via consensus in the Council of Common Interests (CCI).”
The CCI is a constitutional body whose members are appointed by the president on the advice of the prime minister. The council resolves power-sharing and other disputes between the federation and the provinces.
Sharif said the center had decided that there will be “no further progress” on canal-related matters unless a consensus is developed among provinces. 
“Therefore, we have decided today that a meeting of the Council of Common Interests will be convened on Friday, May 2, in which the Pakistan Peoples Party and the Pakistan Muslim League-Nawaz, and the federal government’s decisions will be endorsed,” he added.
Bhutto Zardari thanked the prime minister for listening to his concerns regarding the issue, saying that the CCI meeting will endorse the decision that no new canals would be constructed without consensus on the matter. 
“Today, we are not taking a decision together but are merely agreeing that without consensus on water-related matters, no new canals are being made,” he said. 
The PPP last week threatened to withdraw its support for Sharif’s ruling coalition government if it decided to go ahead with building the new canals. Bhutto Zardari’s party, which emerged as the second-largest political party after the controversial 2024 general election in Pakistan, Sharif get elected prime minister last year.
The PPP settled for the presidency and governorships in Punjab and Khyber Pakhtunkhwa (KP) provinces, areas where it performed poorly in the national polls.


Islamabad says India planning ‘wave of terrorism’ in Pakistani cities, vows ‘tit-for-tat’ response

Updated 24 April 2025
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Islamabad says India planning ‘wave of terrorism’ in Pakistani cities, vows ‘tit-for-tat’ response

  • Suspected militants killed 26 people at a popular tourist attraction in Indian-administered Kashmir’s Pahalgam area
  • Both countries have since taken slew of retaliatory measures including closing only land border, suspending special visas

ISLAMABAD: Defense Minister Khawaja Muhammad Asif on Thursday accused India of preparing to launch a “wave of terrorism” in Pakistani cities, warning that Islamabad would retaliate with a “tit-for-tat” response as relations between the nuclear-armed rivals plummeted following a deadly militant attack in Kashmir.
On Tuesday, gunmen killed 26 men at a tourist site in the Pahalgam area of Indian-administered Kashmir in the worst attack on civilians in the country in nearly two decades. India alleged cross-border involvement, without offering proof, and announced a raft of measures to downgrade ties on Wednesday including suspending a six-decade-old river-sharing treaty as well as closing the only land crossing between the neighbors. Pakistan followed with its own actions that included shutting its airspace to Indian planes and rejecting New Delhi’s suspension of the critical water agreement. 
Islamabad warned Delhi the suspension of the Indus Waters Treaty would be seen as an “act of war” to which Pakistan would respond with “full force across the complete spectrum of national power.”
The nuclear-armed nations, who have both fought two out of three wars over the disputed region of Kashmir since 1947, frequently accuse each other of carrying out cross-border attacks.
“According to our information, India is preparing to launch a wave of terrorism in various Pakistani cities instead of opting for an all-out war,” Asif told reporters at a news briefing.

Prime Minister Shehbaz Sharif chairs a meeting of the National Security Committee in Islamabad, Pakistan on April 24, 2025. (PID)

“And I want to make it absolutely clear that we are fully prepared to counter this wave of terrorism.”
Asif and three other federal ministers were briefing the media on Pakistan’s retaliatory measures, including that Islamabad would exercise the right to hold all bilateral agreements with India, including but not limited to the 1972 Simla Agreement, in abeyance. In the absence of the Simla deal, India loses its rationale for wanting the Kashmir dispute to be treated as a bilateral dispute that must be settled only through bilateral negotiations. Under the treaty, New Delhi has consistently denied any third party intervention in the conflict, even from the United Nations.
Pakistan also closed the Attari-Wagah land border, the only operational land port between the two nations, with immediate effect and suspended all cross-border transit from India through this route “without exception.” 
With no direct flights operating between the two countries, the move cuts all transport links between them.
Islamabad also suspended all visas under the SAARC Visa Exemption Scheme (SVES) issued to Indian nationals, deeming them canceled with immediate effect, with the exception of Sikh pilgrims who frequently travel to Pakistan to visit religious sites. Pakistan gave Indian nationals currently in Pakistan under SVES 48 hours to leave, and said Indian defense, naval and air advisers in Islamabad had been declared “persona non grata.”


“Our response will be tit-for-tat, four citizens are targeted, Indian citizens will also not remain safe in their cities,” the defense minister said.
Asif warned that even if a single Pakistani citizen was killed in an Indian-planned “terrorist” attack, Delhi would “pay for it.”
“This should be absolutely clear to them,” he said.
“BLAME GAME”
The Indus Waters Treaty, brokered by the World Bank in 1960, allocates the six Indus Basin rivers between India and Pakistan, with the Bank acting as its guarantor.
Pakistan has rights to the western rivers — Indus, Jhelum, and Chenab — for irrigation, drinking, and non-consumptive uses like hydropower. India controls the eastern rivers — Ravi, Beas, and Sutlej — for unrestricted use but must not significantly alter their flow.
Law Minister Azam Nazeer Tarar, who addressed the news conference alongside Asif, said the treaty was “sacred” for Pakistan and could not legally be “unilaterally” terminated.
“Pakistan has all the avenues and options available at the international level under the Indus Waters Treaty and the Vienna Convention and will exercise them if the treaty is unilaterally suspended,” he said.

Activists of Pakistan Markazi Muslim League shout slogans during an anti-India protest in Karachi on April 24, 2025. (AFP)

Pakistan and India both claim Kashmir in full but rule it in part. India has long accused Pakistan of helping Islamist separatists who have battled security forces in its part of the territory, accusations Islamabad denies.
Indian officials have said Tuesday’s attack had “cross-border linkages” and Kashmiri police, in notices identifying three people “involved” in the violence, said two of them were Pakistani nationals. India has not elaborated on the links or shared proof.
Pakistan has said India’s accusations were made without any “credible investigation” or “verifiable evidence,” saying they are “frivolous” and “devoid of rationality.”
It has also called on India to refrain from a “reflexive blame game” and to take responsibility for its “failure to provide security” to people.