Fame Wheels (SMC-PRIVATE) LIMITED
| Name of Applicant | Mr. Munawar Abbas Shaikh |
| Project Location | Karachi |
| Project Sector | IT (E-Commerce)/ Software Development |
| Project Size | PKR 182.23 Million |
| Bank | Bank of Punjab |
Project Overview
Famewheels has introduced the only online car bidding portal in Pakistan. Fame Wheels is a one-stop-shop for all automobile related needs. Since its inception, Fame Wheels has enabled Pakistan’s automobile consumers to find reliable and trustworthy cars to buy or sell.
SEDF’s Assistance
SEDF has played a crucial role in assisting Fame Wheels with its working capital requirements. Thanks to the financial support from SEDF of 10% towards KIBOR subsidy, Fame Wheels has been able to broaden its business operations and enhance its application, thereby attracting a larger customer base. This strategic development has positioned Fame Wheels as the second leading automobile website in Pakistan, specializing in the buying and selling of cars, bikes, auto parts, and accessories. Initially established in Khairpur and Karachi, Sindh, this application is steadily making its ascent to the forefront of the industry within the country.
