{
  "id": 15997585,
  "title": "World Bank to support Pakistani start-ups",
  "url": "https://urgent.news/2026/10/22/world-bank-to-support-pakistani-start-ups",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-22T03:54:06.000Z",
  "source": {
    "name": "Dawn Business",
    "slug": "dawn-business",
    "url": "https://www.dawn.com/news/2038900/world-bank-to-support-pakistani-start-ups"
  },
  "original_language": "en",
  "account": "The World Bank is set to support Pakistan's start-up ecosystem by facilitating private investment and increasing access to risk capital. The \"Pakistan Entrepreneurship and Private Investment Catalyst Project\", slated for approval by the World Bank's Executive Board in early 2027, aims to establish a $50 million Fund of Funds (FoF) to bolster the country's nascent innovation and venture capital landscape. The FoF will invest in professionally managed venture capital funds, thus augmenting the availability of early-stage and growth capital for innovative and high-growth firms, as outlined in the project document. Through this operation, the World Bank will fill a persistent market gap in innovation financing and reinforce the foundation of Pakistan's entrepreneurial ecosystem. Greater access to private capital is expected to fuel firm growth, innovation, productivity, and job creation over time. The project is nationwide and currently in the concept stage, with the country's environmental and social context factoring into the anticipated FoF investment portfolio.",
  "summary": "ISLAMABAD: The World Bank will help Pakistan mobilise private investment and broaden access to risk capital for innovative, high-growth firms. The “Pakistan Entrepreneurship and Private Investment Catalyst Project”, expected to be approved by the World Bank Executive Board in early 2027, will help the government establish and capitalise a $50 million Fund of Funds (FoF) to catalyse Pakistan’s…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}