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![white and gray concrete buildings during daytime](https://images.unsplash.com/photo-1617373743747-3bb331fd4e8d?ixlib=rb-4.0.3&ixid=M3wxMjA3fDB8MHxwaG90by1wYWdlfHx8fGVufDB8fHx8fA%3D%3D&auto=format&fit=crop&w=1000&q=80)
 
As one of the most populous countries in the world, Pakistan’s economy has massive potential to grow. For this to happen, digitalization and successful startups will be a critical element. Recently, the digital infrastructure in Pakistan has seen improvement with a focus on the 5G spectrum auction for the 2022-2024 fiscal year. This came together with legal frameworks that regulate and promote digital payments, investment, and credit under the Digital Banking Policy (SBP). In addition, the government maintains [Special Technology Zones](https://www.stza.gov.pk/) offering several tax exemptions and incentives. Last but not least, the [Companies Amendment Act (2021)](https://www.secp.gov.pk/document/companies-amendment-act-2021-gazette-copy/) has recognized startups in its scope and introduced a legal framework to them. ==read-more==
 Pakistan has come a long way with its legal framework, but there are still some areas that require more clarity when it comes to taxation or incentives for domestic investments. The country’s turbulent political climate is not helping to create certainty and stable policies to boost the local startup ecosystem. A challenge for Pakistani startups is the absence of success stories and shut down of several startups such as AirLift due to a funding crunch. The country needs to come up with more ways of providing its startup ecosystems with qualified and trained personnel, as well as more funding. 
 The country has not yet produced its first unicorn, but we think this will happen soon if the startup scene recovers from the contraction of funding and continues to attract investment.

Pakistan

KalPay is the largest Shariah Compliant Buy Now Pay Later in Pakistan, giving our customers easy access to credit and allowing them to purchase products in 3 monthly installments.

KalPay

Lahore

KalPay startup from Lahore, Pakistan is ranked 14021 out of 149632 worldwide and 42 from the 474 startups in Pakistan. See more information and additional rankings on the StartupBlink Global Ecosystem Map

As the innovation hub of the Asia-Pacific region, Taiwan is renowned for its outstanding high-tech R&D capacity, highly-trained professionals, and thriving networks of entrepreneurs which enable our  startup ecosystem to achieve steady continuous growth.

Director General, Department of Academia-Industry Collaboration and Science Park Affairs

We've seen the startup ecosystem of Moscow rapidly mature in the  last years. Having a dedicated startup agency has been instrumental in helping to deliver the right support services to entrepreneurs, investors and talent.

Startup Ecosystem Comparative Analysis

In the recent years, Moscow has become a gravity centre for the most talented people not only from Russia and Eastern Europe, but from all over the world. Such concentration of professionals affirms Moscow as one of the global “cities of the future”, world centre for the development of breakthrough technologies, particularly in IT.

The Moscow Agency of Innovations was established to create a truly favorable environment for the advancement of technology in Moscow.

2016

The Skolkovo Innovation Center and Skolkovo Foundation was signed into law with a goal to goal is to create a sustainable ecosystem of entrepreneurship and innovation.

2010

Avito, a classified ads website and now a unicorn, first went online.

2007

The Moscow Seed Fund, a VC which invests in see and pre-seed startups, was established.

2005

Yandex search engine was launched!!!!

1997

CAREC Startup Hub is launched

2022

CAREC Ministerial Conference endorses CAREC Digital Strategy 2030

2021

CAREC Secretariat launches technical assistance on startups and digitalization

2020

CAREC 2030 Strategy endorsed and includes ICT as cost-cutting sector for CAREC Program

2017

CAREC Institute establishes office in Urumchi, PRC

2015

CAREC program approves 6 projects amounting to $247 million under energy, trade, and transport sectors

2001

ADB officially establishes CAREC program

Technical assistance to promote regional economic cooperation in Central Asia is approved

1996

Запуск CAREC Startup Hub

 Министерская конференция ЦАРЭС одобряет Цифровую стратегию ЦАРЭС 2030

Секретариат ЦАРЭС запускает техническую помощь стартапам и цифровизации

Гендерная стратегия ЦАРЭС до 2030 года одобрена всеми странами-участницами

Институт ЦАРЭС получает правовой статус и Стратегия ЦАРЭС-2030 включает ИКТ в качестве сектора для Программы ЦАРЭС

Создана физическая база Института ЦАРЭС

Одобрено шесть проектов ЦАРЭС на сумму $247 млн

АБР официально учредил программу ЦАРЭС

Одобрена техническая помощь в продвижении регионального экономического сотрудничества в Центральной Азии

CAREC

KalPay Startup Info & Ecosystem Rankings | StartupBlink