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Dodging illicit cash, Pakistan startups seek VCs for funds

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Faraz Khan,who has his own company and may get it listed, knows first hand how hard it is for new companies to get funding. He is backing 135 startups through Seed Ventures as an angel investor.

Karachi

AFTER banks in Pakistan turned down his loan applications for his fledgling advertising company seven years ago, Faraz Khan found plenty of "private investors" willing to back his vision.

The catch, however, was that a lot of the cash was illicit and accepting it would have

sentifi.com

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