VENTURE CAPITAL POST

The first Johnny Rockets restaurants in Pakistan was opened today in Dolmen Mall in Karachi by franchise partner Hamdan International as part of its plan to have ten Johnny Rockets chain in the country by 2022.

Kuwait-based holding company Noor Financial Investment Company has decided to sell of its entire stake in Pakistan-based Meezan Bank Limited (MEBL) to Vision Financial Limited for $190 million, according to a notice issued on Wednesday.

Only the issues of sovereign guarantees by Pakistan for the purchases of gas from India hinder the finalization of the agreement between the two countries.

The experience of some Muslim dominated countries as to tapping Islamic pension funds for capitalization had reaped benefits.

After fearing US sanctions, Pakistan decided to ask Iran's government to finance a USD8.1 billion gas pipeline project.

Retail Holdings wanted an IPO up to US$200 million for Singer Asia.

Pakistan's prime minister Nawaz Sharif told Chinese investors to invest in the country's energy sector.

The International Monetary Fund approved Pakistan's US$5.3 billion loan to help the nation stabilize its struggling economy.

Sindh chief minister urged foreign and local investors to invest in the region's several industries.

Canadian investors fear the lack of transparency and inappropriate conduct from Pakistani government.