KARACHI, Jan. 12 -- After two challenging years, Pakistan's startup ecosystem showed signs of stability in 2025, with venture capital activity recovering slightly from the lows of 2024. According to Data Darbar, local startups raised about $36.6 million in equity across 10 disclosed rounds, a modest increase from $22.5 million the previous year, though deal volume slipped slightly from 15 to 14 transactions.

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Fintech remained the dominant sector, led by Haball's Pre-Series A round backed by Zayn VC and Meezan Bank. Other notable fintech deals included Metric's $1.3 million seed round and Qist Bazaar's $196,000 debt raise. Healthtech emerged as the second-most ac...