Gamer Pakistan has filed for an initial public offering, according to a Securities and Exchange Commission filing.

https://finance.yahoo.com/news/gamer-pakistan-elite-sports-pakistan...

The games studio is offering 1.7 million shares of its common stock at an estimated price of $4 to $5 a share.

Selling stockholders are offering up to 2.3 million shares of Gamer Pakistan's common stock.

The company has applied to list its common stock on the Nasdaq Capital Markets under the symbol GPAK.

"If we cannot realize a per share offering price of at least $4.00 per share in this offering, we will not proceed with this offering," Gamer Pakistan said, noting that it selected the lower price point of $4 per share "given recent market turmoil."

Write to Sabela Ojea at sabela.ojea@wsj.com; @sabelaojeaguix

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Gamer Pakistan and Elite Sports Pakistan announce 100th and 101st University Sports Commercialization Memorandums of Understanding


https://finance.yahoo.com/news/gamer-pakistan-elite-sports-pakistan...

HENDERSON, NV and KARACHI, PAKISTAN / ACCESSWIRE / March 14, 2023 / Gamer Pakistan today announced that affiliate company Elite Sports Pakistan has signed its 100th university sports Memorandum of Understanding (MoU) with Usman Institute of Technology University Karachi and 101st MoU with Shah Abdul Latif University Khairpur Sindh. These MoU's give Gamer Pakistan exclusive rights to conduct, broadcast and commercialize esports competitions at these respective universities.

Gamer Pakistan is rapidly becoming the premiere university esports partner for secondary education institutions in Pakistan. Gamer Pakistan creates the formats and events to provide a competitive environment in which to unearth and nurture budding esports talent at the collegiate level and provide them with opportunities to represent Pakistan globally in their journey to becoming world-class professional esports athletes.

Gamer Pakistan was founded in November 2021 to create college (in Pakistan "college" refers to pre-university programs, comparable to high schools in the U.S.), university and professional esports events for men's and women's teams. The company plans to develop competitive events that integrate our teams and leagues with regional and global teams and leagues sponsored by others. According to Statista, the number of gamers in Pakistan was estimated to be 36.8 million (16% of the population) in 2022 and is predicted to rise to 50.9 million gamers (20.6% of the population) by 2026.

"We are pleased to have achieved this milestone with Usman Institute of Technology University Karachi and Shah Abdul Latif University Khairpur Sind," said Elite Sports Pakistan CEO Muhammad Jamal Qureshi. "Their leadership in expanding the competitive sports and career advancement opportunities available for their students in all aspects of athletics is to be commended."

Tekken director has no idea how the game got so big in Pakistan

https://www.bbc.com/news/articles/c78d4153veeo

Players from Pakistan have been dominating the professional Tekken scene - but the game's director says he has no idea how it got so big in the country.
First launched 30 years ago, the Japan-developed fighting game released its eighth numbered instalment at the start of this year.
The competitive Tekken scene used to be ruled by players from the Far East, but the current top ten contains four players from Pakistan.
Speaking at a recent tournament, Tekken director Katsuhiro Harada told BBC Asian Network the dominance of pros from the country "came out of nowhere".


Tekken is a 3D beat 'em up where players fight each other in one-on-one bouts in best-of-three matches.
Arslan "Arslan Ash" Siddique became an overnight superstar on the competitive circuit when he claimed victory in the 2019 EVO fighting game tournament.
He went on to win the coveted title four more times, earning him all-timer status in the eyes of many fans.
Arslan, 29, is currently ranked 10th in the world after an early exit from the Red Bull Golden Letters Tournament in London, but fellow Pakistani pro Atif Butt holds the second spot in the world list.
It's clear that the country's become a force on the global stage, but the game's director still isn't sure how it got there.

"We never knew they were playing Tekken," Harada-san says.
"Even now we've never been to Pakistan, so I'm still quite interested to hear why they became so obsessed with Tekken and so good at the game."
The game's producer Michael Murray tells Asian Network that he "loved it when Arslan came on the scene".
"No-one knew him," he says.
"Then out of nowhere someone no-one's talking about comes along and you find this other community and then Arslan says it's not just him.
"He says they're all strong in Pakistan, and everyone's like 'what?'
"It was just such an amazing story and I still remember how exciting it was to hear that."

At the recent contest in London, Lim "Ulsan" Soo-hoon from South Korea won first place, beating Jae-hyun "CherryBerryMango" Kim in the grand final.
They were joined by players from the USA, Japan and Europe, demonstrating the global popularity of Tekken.
Harada-san has been working on the series for 30 years, and says the competitive scene really kicked off around the release of Tekken 7.
He tells Asian Network his mother cried when he first told her he wanted to pursue a career in video games, but now his family is "quite proud" when they see him in magazines.
"They're like, 'wow, you're actually doing something with it, that's good," he says.
Harada-san says he's glad Tekken "has continued for a long time and we've been able to come this far".
But he does confess to being "a bit sad" that it's the "only remaining major 3D fighting game franchise".
"It would be more interesting if there were other rivals, right?" he says.

Pakistani players dominate Tekken 8 in Seoul, South Korea


https://www.techjuice.pk/pakistan-triumphs-over-south-korea-in-high...

Pakistan Dominates Tekken 8 Tournament in Seoul, Breaking South Korea’s Stronghold

Pakistan’s Tekken 8 victory in Seoul shattered South Korea’s long-standing dominance, marking the beginning of a new chapter in competitive gaming. For years, Korea set the gold standard in Tekken esports, ruling the scene unchallenged—until Pakistan emerged as a powerhouse. Since then, the rivalry has intensified, and this weekend in Seoul, Pakistan vs Korea Tekken reached another defining moment.

In a dramatic showdown, Pakistan’s Tekken warriors overpowered their Korean counterparts across two grueling team battles. With national pride on the line, Pakistan delivered a commanding performance, proving that its grip on the game is no longer an anomaly—it’s the new norm.

The first encounter saw Pakistan’s esports dominance take center stage early. Hafiz Tanveer (Claudio) made an emphatic statement, toppling Knee (Bryan) 3-1, while Numan (Steve) overwhelmed Ulsan (Dragunov) in a flawless 3-0. Though Korea mounted a response, Pakistan remained relentless. Arslan Ash (Nina) edged past Rangchu (Kuma), Farzeen (Victor) outplayed Mulgold (Claudio), and Usama Abbasi (Jun) took down JeonDDing (Eddy, Clive).

The momentum stayed in Pakistan’s favor as Hafiz Tanveer dismantled CBM (Jin) 3-0, and Numan Ch closed the match with a decisive 3-0 win over Chanel (Zafina, Alisa), sealing a 7-3 victory.

If the first match was a statement, the second was an all-out assault. Hafiz Tanveer (Claudio) continued his dominance, dispatching Mulgold (Feng) and JeonDDing (Eddy). TheJon (King) then ran riot, defeating CBM (Jin) and Rangchu (Kuma) without dropping a set.

Korea pushed back, led by LowHigh (Bryan), who claimed victories over Arslan Ash (Nina) and Atif (Dragunov), while Mulgold secured wins against Farzeen (Victor) and Usama Abbasi (Jun). However, Pakistan refused to back down. TheJon secured a crucial 2-1 win over Knee (Bryan), reinforcing Pakistan’s stronghold on the match.

Following the tournament format, Korea’s eliminated players were revived for another shot, but Pakistan’s momentum remained unbroken. TheJon continued his rampage, sweeping Ulsan (Dragunov) 2-0. While Korea found brief moments of resistance, Farzeen (Victor) answered back by shutting down LowHigh (Bryan).

As the battle neared its conclusion, Atif (Dragunov) delivered the final blows, eliminating Mulgold (Claudio) and Rangchu (Kuma) to lock in a 13-9 victory.

With yet another Pakistan Tekken victory, the nation has cemented its position at the pinnacle of competitive Tekken. Once seen as challengers, Pakistan’s Tekken warriors have rewritten history, proving that the Tekken esports landscape belongs to them.