LMKT-operated NIC Karachi, Pakistan’s largest tech incubator, celebrated its 5th anniversary with a grand event that brought together industry leaders, entrepreneurs, and stakeholders.

Since its inauguration in 2018, national incubation center Karachi has been at the forefront of fostering innovation and nurturing entrepreneurial talent in Pakistan.

The celebration event showcased the center’s accomplishments and the remarkable growth of the startup community.

NIC Karachi’s impact has been significant, with its startups generating over 97,000 jobs, raising an impressive investment of Rs. 7.6 billion, and earning revenue of Rs. 5.2 billion. These milestones demonstrate the remarkable growth and success of the incubator in driving socio-economic development in Pakistan.

CEO LMKT Atif Rais Khan, expressed his jubilation on reaching this significant milestone, stating,

“Pakistan’s startup ecosystem has witnessed remarkable growth in the past five years and we are proud to have played a pivotal role in this transformation. We believe in the potential of our people and are excited to enable NIC Karachi’s journey of empowering entrepreneurs and nurturing innovation.”

Dr. Sarosh Lodi, Vice Chancellor of NED University, commended the achievements of NIC Karachi, saying,

“NIC Karachi has emerged as a beacon of innovation and entrepreneurship, fostering a culture of creativity and technological advancement in Pakistan. We are delighted to witness the impact NIC Karachi has had on the startup landscape and congratulate the entrepreneurs who have showcased exemplary dedication and ingenuity.”

Faizan Laghari, Project Director of NIC Karachi, expressed his optimism for the future, stating,

“The 5th anniversary of NIC Karachi is a testament to our unwavering commitment to nurturing startups and creating an enabling environment for innovation and growth. We have witnessed the transformative journey of our startups and are determined to support their continued success. NIC Karachi aims to be a catalyst for change, driving the growth of Pakistan’s startup ecosystem for years to come.”

LMKT, with the largest incubation footprint in Pakistan, operates three National Incubation Centers (NICs) in Hyderabad, Peshawar, and Karachi. Over the past five years, LMKT has successfully incubated over 500 startups through its incubation network, paving the way for their success and contributing to the vibrant entrepreneurial ecosystem in the country.

Due to its commitment to empowering startups and driving innovation-driven socio-economic development in Pakistan, LMKT remains dedicated to providing state-of-the-art facilities, mentorship, and business support services to nurture startup growth.

About LMKT:

LMKT is a full-service technology company based out of Pakistan offering scalable IT solutions. Formally incorporated in 2010 the company has a pedigree of nearly three decades. LMKT specializes in smart cities, smart buildings, integrated security, e-governance, clean technology and agri-tech solutions in its pursuit to support the country’s fast growing economy and rapid urbanization.