Tag Archives: Business

Punjab Launches Business Registration Portal for Ease of Doing Business

Punjab Launches Business Registration Portal for Ease of Doing Business


admin | January 31, 2018 | category: Business

Punjab Launches Business Registration Portal for Ease of Doing Business. In keeping with its commitment to improve the investment environment in the province through ensuring ease of doing business, the Punjab Government on Wednesday launched the online Punjab Business Registration Portal to help businesses register from the comfort of home.

With its slogan of “Anytime, Anywhere”, the portal launched at the Lahore Chambers of Commerce and Industry (LCCI) promises speedy registration of businesses in “minutes” by providing access to a slew of online services, cutting down the cost, time and effort of visiting multiple government departments for the purpose.

“We attach a lot of hope to the portal especially in relation to starting a business,” said Malik Tahir Javaid, President Lahore Chamber of Commerce and Industries, the venue for the launch of the portal. “Through the online portal, businesses can submit all required documents online to start registration immediately.”

Starting a business is one of the ten World Bank’s Doing Business indicators on the basis of which 190 economies all over the world will be evaluated for business friendly reforms this year. Of these four, starting a business, registering property, getting construction permits, contract enforcement fall under the provincial domain. In Pakistan, Doing Business data for these indicators is collected from private businesses in Lahore and Karachi, with Lahore contributing 35 percent and Karachi 65 percent of the country’s share.

According to the recently published World Bank’s flagship Doing Business Report 2018, Pakistan slipped by three points and now ranks at 147 out of 190 economies. However, it registered progress on the Distance to Frontier (DTF) that shows the distance of each economy to the “frontier,” which represents the best performance observed on each of the indicators across all economies in the Doing Business indicators.” While aiming to improve the overall business environment in the country, the Doing Business reform agenda pursued by the federal and provincial governments seeks to improve Pakistan’s ranking on the Doing Business Index.

As part of the Punjab Government and World Bank’s 100 Days to Excellence in Doing Business Reform Plan, the business registration portal provides an online platform for business entities such as sole proprietorship, association of persons (firms), single member company, private and public limited companies to be registered thereby, eliminating the need for citizens to visit various departments in order to get a business registered. As a result of this online facility, the registration processing time has been reduced from approximately 17 days to 2 days. The portal not only ensures timely issuance of online registration certificates but it also provides a tracking mechanism for the applications thus making the process more transparent.

“Our [the private and public] interests are common,” said Dr Ayesha Ghaus Pasha, Provincial Minister for Finance. “As an economist I believe in the greater role of private sector [in turning around the conomy and creating employment.] The government’s role is supportive.”

Dr Pasha said the Government of Punjab had designed Growth Strategy 2018 to help accelerate economic growth and improve social indicators. “During the course of designing the strategy, we focused on improving the lives of ordinary people through creating employment opportunities. This can only happen if the private sector grows, resulting in more investment.”

She said if the Pakistani investors move ahead, it would encourage foreign investors to invest in Pakistan. In recent months, she said, the provincial government has taken several initiatives such as cutting down the time spent on registering property to 18 days, and time for construction permits reduced from 60 days to 20 days.

“A lot has been done to facilitate ease of business but it has not been communicated properly. The business community that makes opinion [about Pakistan’s image] need to more aware of this. The LCCI can help create this awareness and how private investors can benefit from these reforms. ”

Shaikh Allauddin, Punjab Minister for Industries, said the provincial government was adding final touches to its industrial policy, focusing on ensuring a credit-line for investors.

“(News about the outflow of foreign exchange amounting to USD 2 billion is a point of concern for us). We have capital but it is going out. This could be stopped through ease of doing business that will create employment opportunities.”

Chairman Planning & Development Board Muhammad Jehanzeb Khan said that to improve the investment climate and create employment, the P&D Department had launched Punjab Jobs & Competitiveness (J&C) Program in collaboration with the World Bank Group. The program supports upgrading and development of industrial infrastructure through a private sector-led competitive process.

“Businesses and government need to stay in close coordination for us to help resolve issues [impeding private investment] in a timely manner,” said Jahanzeb Khan.

During the launch, Secretary Industries, Mujtaba Piracha mentioned that industries department and PITB are going to launch one window facility for businesses at Sundar Industrial Estate in the coming month to be followed by a similar facility at Faisalabad.

Dr Umar Saif, Chairman Punjab information Technology Board, said the Government of Punjab had a “renewed focus on ensuring ease of doing business” in the province.

“By all accounts Pakistan has done great over the years – overcoming the energy deficit is one example,” said Mr Saif, who inaugurated the Punjab Business Registration Portal.

“The onus is on government to continue that momentum. The portal provides access to a host of services, making it easier for small businesses to work in Pakistan. These are baby steps, a lot more need to be done such as online payment of business related fees and the need to make sure that taxes are filed once, not 49 times. We are cognizant of all this and the government is working to remove these impediments to business. In about 4 to 6 weeks, we will introduce online payment facility so businesses would not have to visit Pakistan to pay on fees. Online payment of fee and taxes will encourage businesses to start and expand.”

The LCCI President Malik Tahir Javaid said that decline in the ranking of Pakistan does not indicate that the government was not pursuing business reforms but because others countries were doing it at a faster pace.

“LCCI aims to bring Pakistan among the top 50 countries [on the Doing Business index]. I hope this portal will set the right momentum for this and bring together more collaborators to facilitate ease of business and investment in the province.”

Secretary P&D Iftikhar Ali Sahoo, Secretary Labor Farah Masood, DG PIT Sajid Latif and Ali Jalal Program Director, Program Implementation Unit (PIU), P&D Department and other senior representatives of Government departments and different chambers of commerce from across the province also attended the ceremony.

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FPCCI Appreciates Appointment of Miftah Ismail as Finance Advisor

FPCCI Appreciates Appointment of Miftah Ismail as Finance Advisor


Ram zi | December 27, 2017 | category: News

FPCCI appreciates appointment of Miftah Ismail as Finance Advisor.Federation of Pakistan Chambers of Commerce and Industry (FPCCI) on Wednesday hailed the appointment of Dr. Miftah Ismail as Advisor to Prime Minister for Finance.

President of FPCCI Zubair F. Tufail, and senior leaders of the Federation S.M. Muneer and Iftikhar Ali Malik in a statement issued here today appreciated the decision of the government to appoint Dr. Miftah Ismail as Advisor to Prime Minister for Finance. They have acknowledged that the step taken by the Prime Minister to form a new finance team as it was the need of the hour.

The business leaders have congratulated Dr. Miftah Ismail on his new assignment and have hoped that since he is aware of the problems being faced by the trade and industry and the businessmen, therefore, he will immediately look into the issues and will try to resolve them. The FPCCI and business leaders have extended their full support to Dr. Miftah Ismail.

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Chinese Automakers Interested To Set Up Manufacturing Plants In Pakistan

Chinese Automakers Interested To Set Up Manufacturing Plants In Pakistan


Sumera Saeed | December 23, 2017 | category: Autos and Vehicles

Chinese Automakers Interested To Set Up Manufacturing Plants In Pakistan. A delegation of Chinese manufacturers and assemblers of automobiles including heavy duty trucks, engines, auto parts and tyres visited Islamabad Chamber of Commerce and Industry and showed interest to set up auto manufacturing plants in Pakistan.

The delegation was representing about 500 auto companies of China including Jinan Zhongzhan International Trade Col. Ltd, Jinan Bonaite Trading Co. Ltd, Hebei Xinjiu Heavy Duty Machinery Makes Co. Ltd., Sinotruk, Shanghai Cheezmail E-Commerce Co Ltd., and others.

The delegation members said that they were representing 500 automobile companies of China that were producing EU standard vehicles and were interested to explore business opportunities for vehicles, engines and auto parts in Pakistan as it was a potential market for automobile sector.
They said initially they were interested in finding local partners for supply of automobiles and auto parts in Pakistan and on successful operation of business, they would try to set up auto manufacturing plants and bonded warehouses through joint ventures and investment in Pakistan.

The delegation members said they also wanted to share their technical know-how and expertise with Pakistani manpower in this field.
They also agreed to organize a seminar at ICCI to create awareness in the local business community about their auto products and prospects of business collaborations with them.

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ACCA Pakistan and Women Chamber of Commerce and Industry Multan Organized an Exclusive Conference “Turning the Tide – Women in Business”

ACCA Pakistan and Women Chamber of Commerce and Industry Multan Organized an Exclusive Conference “Turning the Tide – Women in Business”


Sumera Saeed | December 13, 2017 | category: News

ACCA Pakistan and Women Chamber of Commerce and Industry Multan Organized an Exclusive Conference “Turning the Tide – Women in Business.”. ACCA & Women Chamber Multan has always been at the forefront in leading the agenda when it comes to the topic of women in business & finance. In Pakistan, statistics in access to finance and business are showing that women still face difficulties.

When it comes to gender, the problem of perception still exists, especially in finance & business. ACCA Pakistan and Women Chamber Multan have been working with leading organizations to initiate and encourage the change that is needed from the grassroots. This conference was an outcome of a perefect partnership between the two organization having similar goals with respect to women empowerment issue.

Representatives from the leading organisations present at the event included CIPE International, Ramada, Excellence Delivered, Fatima Group, Hafeez and Shama Cooking Oil, SOS Pakistan. These organizations are the pioneering brands who have partnered with ACCA for the event for the first time in south Punjab.

The event featured a panel discussion which revolved around ACCA’s report on ‘Increasing gender diversity to boost performance’. It gave the audience insights into the policies that needed to be in place to promote economic empowerment of women which is crucial in developing strong societies and strong economies. Mr. Arif Masud Mirza, Head of Policy ACCA MENASA highlighted the salient features of the report and  the panelists for the session includedHusnain Haider Langha – Director Trade & Development Authority Multan, Saima Faisal, Director Ramada Multan, Tania buttar – Deputy General Manager – Women Entrepreneurship Development SMEDA and Dr. Urooj Pasha, Assistant professor IMS at BahauddinZakariya University.

The Chief Guest at the conference was SyedaAbida Hussain – Politician & Philanthropist and she highlighted, that women representations in different professions have increased a great deal over the period of last two decades except for business and this initiative by ACCA Pakistan and WCCIM is an excellent step towards creating awerness and encouraging women in business.

Ms. FauziaViqar, Chairperson Provincial Commission on status of women was also one of the keynote speakersand  spoke about expanding economic opportunities for women across Pakistan. She highlighted the various aspects of work that her organization is doing to help in women empowerment.

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Standards Compliance To Help Promote Business Activities – PSQCA

Standards Compliance To Help Promote Business Activities – PSQCA


Ram zi | December 12, 2017 | category: Business

Standards Compliance To Help Promote Business Activities – PSQCA.The Pakistan Standards and Quality Control Authority (PSQCA) in collaboration with Islamabad Chamber of Commerce and Industry (ICCI) organized an awareness seminar at Chamber House to educate the business community about the importance of compliance of standards and quality as it would help in better promotion of business activities.

Muhammad Yasin Akhtar, Director-CA North, PSQCA gave a detailed presentation about standards to the participants.
It was highlighted that PSQCA was the recognized National Standards Body in Pakistan working with scientists and engineers in diverse fields and was entrusted with the task of formulating Pakistan Standards along with their enforcement. PSQCA components included Standards Development Centre (SDC), Quality Control Centre (QCC) and Technical Services Center (TSC). PSQCA was also a member body of International Organization for Standardization (ISO), International Electro-Technical Commission (IEC), International Organization of Legal Metrology (OIML) and other regional organizations concerned with development of international standards.
Speaking at the occasion, Muhammad Khalid Siddiq, Director General, PSQCA said that compliance of standards and quality would help in sustainable promotion of business activities and private sector should make efforts to produce and sell standards and quality compliant raw material and finished products in order to improve its business prospects.

He said PSQCA was regulating 109 items which included 37 food items, 64 non-food items and 8 energy efficiency items. He said that total 22,368 standards were in vogue in Pakistan to ensure that the consumer get good quality products. He said PSQCA was ready to train manufacturers and retailers for ensuring compliance of standards.
In his welcome address, Sheikh Amir Waheed, President, Islamabad Chamber of Commerce and Industry thanked the PSQCA for organizing awareness seminar for the benefit of business community. He said ICCI has already circulated the list of compulsory items of PSQCA through email to its members so that they could ensure availability of licensed products at their outlets. He assured that ICCI would continue to work with PSQCA to improve the compliance of standards and quality of finished products in the region.
Muhammad Naveed Senior Vice President and Nisar Mirza Vice President ICCI also spoke at the occasion and assured that Chamber would cooperate in promoting quality culture among business community.

The representatives of trade and industry asked many questions regarding standards and quality to the PSQCA officers and received detailed answers.
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Cheetay.pk on a Trajectory of Growth and Expansion

Cheetay.pk on a Trajectory of Growth and Expansion


Sumera Saeed | November 16, 2017 | category: News

Cheetay.pk on a Trajectory of Growth and Expansion. Cheetay.pk is becoming a major player in the domain of technology and e-commerce. Having secured $1.1 million in Series A-1 funding, they are now focusing on rapid expansion by spearheading into alternate business verticals. Venturing into food delivery was the first step. Their focus is to innovate and revolutionise order placement, and offer a comprehensive e-commerce experience which is tech-savvy and superior.

Cheetay.pk is an e-commerce platform that offers prompt logistics services by integrating pragmatic payment solutions to ensure that transactions and delivery is facilitated without any inconvenience.

According to Ahmed Khan, CEO of Cheetay.pk,

growth is the final frontier for any start-up. Bringing on-board new talent, grooming them and sharpening their abilities by establishing hierarchical chains and formalising departments is our current objective.  We are also constructing a state of the art office space and incorporating technology to facilitate all business operations so that we become the go to e-commerce platform people ask for”.

Having started in October 2015, Cheetay.pk has grown exponentially in the past two years. Starting with an in-house fleet of 15 riders, the number has grown to 85. The company now has a dedicated fleet of over 45 motor bikes, along with some eclectic vehicles (vintage VW, rickshaws) for marketing purposes.

Having successfully attained their prime target to penetrate the market and establish a brand name, Cheetay.pk has now shifted their focus to expanding their team with talented individuals. As their resources grow, Ahmed Khan is concentrating on creating spans of management and hierarchical chains which can manage and train employees to their maximum potential. To that end, Cheetay.pk has most recently brought on board top tier managers to facilitate one of their primary target areas of innovating technology to harness the ease of e-commerce.

Cheetay.pk has beefed up its management layer with the recruitment of Osman Chaudhry (Former Director – Goldman Sachs) as CTO, Moeez Karim (Former Business Unit Manager – Packages) as COO and Zeeshan Ali (Former Head of Marketing – PakWheels) as Head of Marketing. Subsequently, they have brought on board Category Managers, Content Writers and Marketing Executives in their repertoire of professionals from LUMS and Lahore School of Economics to bolster their expanding operations.

According to Maysun Zeb, HR Manager,

our targets are set and in order to grow and achieve the desired results, we are on track to establishing teams whereby each department can function and work in unison to achieve the set goals. Hiring the right people, who fit the organisation culture and mind-set is imperative and essential.”

To keep up with space demands for their rapidly growing team, Cheetay.pk has constructed a new start of the art office space with an open floor plan to promote a collegial atmosphere and a flat communication structure.  Their next plan of action is to venture into new business categories and domains that stretch their core business capabilities. Having launched The Cheetay Tiffin, their attention is now on exploring other potential areas of e-commerce e.g. books (following the Amazon model), and Health Care/Pharma (OTC and Supplements) all over Lahore.

Cheetay.pk are on an ambitious trajectory of expansion by taking on business verticals that have colossal potential in terms of demand and an untapped market. The scope of e-commerce in Pakistan and major metropolitan cities is immense.

As stated by COO, Moeez Karim,

our plan is to build upon the established logistics base we have meticulously worked on. Having a delivery service in place means we can collaborate, partner, expand and step into numerous fields of service which supplement our existing business model”.

For further updates stay tuned with daytimes.pk

ACCA conducts workshop on ‘Business and Finance Reporting for Journalists’ in Lahore and Islamabad

ACCA conducts workshop on ‘Business and Finance Reporting for Journalists’ in Lahore and Islamabad


Sumera Saeed | November 2, 2017 | category: Business

ACCA conducts workshop on ‘Business and Finance Reporting for Journalists’ in Lahore and Islamabad.

ACCA actively works on a broad range of capacity-building projects to strengthen accountancy and finance literacy as well as the infrastructure in Pakistan and in this regard conducted two workshops for journalists in Lahore and in Islamabad.

ACCA is committed to delivering public value and has a sound understanding that finance journalists are engaged in ‘public interest’ reporting in the same way that political journalists are and therefore conducted  a workshop on, ‘Business and Finance Reporting for Journalists.’

Journalists from prominent media outlets participated in this workshop where ACCA provided specialist training that is needed by journalists for accurate financial reporting.

Arif Masud Mirza, Regional Head of Policy-MENASA who conducted the workshop commented,

“Accountancy is a profession that works to the very highest standards and improves the societies where it’s present. We invest in development programmes to keep our stakeholders on top of their game and this workshop is our way of delivering value to society. We always strive to demonstrate thought leadership in education, training and ethics.”

The chief guest at the event in Islamabad, Absar Alam, Chairman PEMRA commented,

“Finance and business journalists are expected to have a strong ethical approach towards their role and in this regard it is important that they are well equipped in analyzing current economic trends as well as interpreting financial statements so that they can see the wider picture and assume their ‘watchdog’ role in relation to the economy and corporate health.”

Salim Bukhari, Editor The Nation who was the chief guest at the Lahore workshop commented,

“Finance journalists have to work cautiously  to uphold public interest and ACCA’s capacity building initiatives will assist them in being ethical and professional in their role and it should also continue in the future.”

For further updates stay tuned with daytimes.pk

How Pakistani Apply For Korean Visa?

How Pakistani Apply For Korean Visa?


Sumera Saeed | November 2, 2017 | category: News

How Pakistani Apply For Korean Visa?. Today you will find here the complete information about how Pakistani can apply for the Korean Visa.

Below are the complete details and requirements about different type of Koran Visas. However, the Diplomatic and official passport holders are exempted from Visa for staying less than 90 days in Korea.

Requirements for all types of Korean Visas:

  • Visa applicant who is under 18 years old has to submit his/her POLIO VACCINE CERTIFICATE
  • Valid Passport
  • Personally filled application Form
  • 1 latest passport-size colored photograph
  • Documents according to the type of Korean Visas
  • Authority Letter

Requirements for Short-term Visit Visa (Business)

  • Original documents to be arranged by Korean Company (inviter)
  • Original Invitation Letter from Korean company
  • Original Guarantee Letter from Korean company,
  • A Copy of Registration Certificate of the Korean Company

Pakistani National Documents:

  • A person need personal national Tax Number Certificate & payment receipt
  • National Tax Number Certificate & payment receipt of Company
  • Registration Certificate of Company
  • At least 6 months of Bank Statement of Company & person

Requirements for family Visa:

  • Invitation and guarantee from a Korean national
  • Alien Registration Certificate (if invited by Pakistani national)
  • Other documents are same as required for other Korean Visas

Requirements Student Visa:

  • Admission Letter from Korean institute
  • Scholarship Certificate
  • University Business Registration Certificate
  • Education certificates and degrees (original and attested copies)
  • Statement of A/C of financial guarantee
  • Family registration from NADRA

Multiple Entry Visa:

A person who has gone Korea more than 4 times within 2 years without breaking the rules Korean immigration system and other laws are permitted to apply for multiple entry visas.

Multiple visas are valid for 02 years and the duration of each stay is 90 days.

Non- Refundable Koreans Visa Fee:

Single Entry Visa         PKR. 4400

(Less than 90 Days)

Single Entry Visa         PKR.6600

(More than 91 Days)

Multiple Entry Visa      PKR. 9900

For complete information visit the Korean Embassy Islamabad website or call at 051-227-9385~7 Fax:051-287-3145

For further updates stay tuned with daytimes.pk

Pakistan’s Businesses Leap-Frog Innovation Curve with Big Data Analytics

Pakistan’s Businesses Leap-Frog Innovation Curve with Big Data Analytics


Sumera Saeed | November 1, 2017 | category: Business

Pakistan’s Businesses Leap-Frog Innovation Curve with Big Data Analytics. Pakistan’s organizations are leap-frogging the digital business innovation curve using real-time Big Data analytics, global digital transformation enabler SAP announced today.

“As Pakistan’s organizations ramp up digital transformation, boardrooms are investing in real-time Big Data analytics to unlock innovative business strategies and advanced decision-making, and leapfrog  the business maturity curve,” said Saquib Ahmad, Country Manager, SAP Pakistan on the sidelines of the SAP S/4HANA Innovation Day, which showcased the real-time business suite SAP S/4HANA.

Attendees experienced business applications running on SAP S/4HANA, including finance, product planning, customer sales and fulfillment, and procurement. SAP S/4HANA can run in-premise, or on public, private, or hybrid clouds. In particular, C-suite executives were impressed by the SAP Digital Boardroom, which can provide real-time contextual information and ad hoc analysis.

“When Pakistan’s CEOs need to enter new markets and engage with customers across channels, SAP S/4HANA is the digital core for growth. Big Data analytics and Internet of Things innovations are essential for Pakistan’s organizations to deliver new digital business models,” added Saquib Ahmad.

Already, Pakistan’s leading organizations are seeing strong business benefits from SAP S/4HANA.

“As Pakistan’s building boom continues, having real-time business analytics allows Lucky Cement to gain real-time visibility on our supply chain, financials, and customer delivery,” said Noman Hasan, Executive Director, Lucky Cement, one of Pakistan’s largest producers and experts of cement. “SAP S/4HANA provides the foundation for our digital transformation, and is driving return on investment and our expansion.”

Innovative organizations can drive business innovations by connecting SAP S/4HANA with emerging technologies such as artificial intelligence, blockchain, machine learning, and the Internet of Things.

Global technology company Siemens, and business technology consultancies Abacus Consulting and Excellence Delivered served as event partners. SAP counts 6,900 global SAP S/4HANA customers.

For further updates stay tuned with daytimes.pk

APBF Rejects Mini-Budget Declared Through Additional Duties

APBF Rejects Mini-Budget Declared Through Additional Duties


Sumera Saeed | October 21, 2017 | category: Business

APBF Rejects Mini-Budget Declared Through Additional Duties. The All Pakistan Business Forum has rejected the imposition of additional regulatory duty on import, saying the government neither can impose any duty nor enhance taxes without the approval of the parliament. The regulatory duty was imposed by the government on 797 items including industry raw material without taking the business community on board who are the real stakeholders.

APBF president Ibrahim Qureshi said that this is not the right way to curtail trade deficit, rather it is just a mini-budget announced in half way of the financial year.

He said that the government should not have enhanced the import duty on industry raw material and inputs for manufacturing of local products as it would cause further dip in exports due to rise in production cost.

Ibrahim Qureshi said that the APBF had been calling for consultation before imposition of such duty but authorities did not bother to approach the stakeholders in this regard and imposed the decision unilaterally. He said that imposition of additional regulatory duty on various essentials is nothing else but to encourage smuggling of goods like chemicals and tyres that is already damaging the economic base of the country.

He said that additional regulatory duty will increase the prices of even necessary raw materials and other essentials for the trade and industry. He said that the APBF always supports reduction of luxurious item’s imports but also demands that imports of those raw materials and goods should not be hampered that are not being manufactured in the country.

Ibrahim Qureshi said that the decision shows lack of planning on the part of the policy-makers, creating problems for business activities and putting extra burden on the masses.

He said the additional regulatory duty on several eatable items including fruits and vegetables would increase import bill, widening trade deficit further instead of controlling import.

Terming it an unwise decision, which would unleash a new wave of inflation in the country, he said the move will affect growth of business activities.

APBF president said that the rising trade deficit poses one of the most serious challenges for the government, as the last fiscal year saw the trade deficit rise to an all-time high of $32.58 billion, representing year-on-year growth of 37%. When the government came to power in 2013, the country’s annual trade deficit was $20.44 billion. It has been continuously on the rise since then.

Imports recorded a growth of 37% to $4.84b in July from $3.54b a year ago. The overall import bill rose 18.7% to $53 billion for 2016-17 but overall exports fell 1.63% to $20.45 billion in 2016-17.

For further updates stay tuned with daytimes.pk

PepsiCo Reports Progress Against PWP 2025 Goals

PepsiCo Reports Progress Against PWP 2025 Goals


Sumera Saeed | October 18, 2017 | category: Business

PepsiCo Reports Progress Against PWP 2025 Goals. The Global Food and Beverage Company Shows Improvement Across Product Portfolio, Water, Sustainable Sourcing and Diversity, Among Other Critical Areas. PepsiCo reported progress towards its ambitious Performance with Purpose 2025 Agenda sustainability goals, announced last year. The company improved performance against goals in each of the Agenda’s three focus areas – Products, Planet and People – while returning over $7 billion cash to shareholders during the same year.

In its latest Sustainability Report, released today, PepsiCo also reasserted its aspiration to deliver sustainable change across the company, its value chain, the food and beverage industry, and the wider world through Performance with Purpose.

“Last year, we doubled down on Performance with Purpose, our vision to deliver top-tier financial results over the long term in a way that’s responsive to the needs of the world around us,” said Indra K. Nooyi, PepsiCo Chairman and CEO. “Since then, we’ve been working hard to advance our 2025 Agenda, from making more nutritious products, to limiting our environmental footprint, to empowering people and the communities where we do business. As this year’s Report shows, we are making real, meaningful progress all over the world.”

PepsiCo reduced added sugars, saturated fat and sodium in its beverage and snacks portfolio volume in 2016, compared to 2015 baselines1. The company also continued to move its business towards more nutritious products, increasing net revenue from its Everyday Nutrition portfolio to 27% of the company’s total and delivering more than 260 million servings of nutritious foods to communities in need.

PepsiCo reached one-quarter of its 2025 goal for annual water replenishment, with approximately 2.7 billion liters locally replenished in high-water-risk watersheds. It also worked with the PepsiCo Foundation and partners to reach more than 2 million people with safe water access in 2016 alone (bringing the total to 11 million people between 2006 and 2016).

Through its expanded Sustainable Farming Initiative, PepsiCo engaged with farmers who grow 34% of the crops it sources directly. This program helps growers and their communities get more out of the work they put in while reducing water usage and greenhouse gas emissions. In 2016, PepsiCo also increased female representation among its management to 38% and empowered 6 million women and girls through investments in local communities (reaching nearly 50% of its 2025 goal).

While critical progress has been made across the Performance with Purpose 2025 Agenda goals, Mehmood Khan, PepsiCo Vice Chairman and Chief Scientific Officer, Global Research and Development, emphasized that coordinated action at scale is vital in addressing interrelated challenges in public health and nutrition, climate change, resource scarcity and human rights.

“The global food system is at an inflection point,” he said. “The vast network of farmers, traders, processors, suppliers, manufacturers and retailers that feed our world must embrace change. This year, I have been inspired by the response to our new Performance with Purpose goals. We understand that there is much more to be done to achieve our objectives, but we also know that, by working together, we will succeed in creating a healthier and more sustainable future for us all.”

PepsiCo has also announced steps to increase transparency and enhance access to key information regarding Performance with Purpose and the sustainability issues of importance to its stakeholders. The company has launched a new, interactive A–Z Topics on pepsico.com. This replaces the separate Global Reporting Initiative Report published in previous years and provides easily navigable and regularly updated information about PepsiCo’s policies, programs, governance and performance against its 2025 Agenda goals.

For further updates stay tuned with daytimes.pk

The Economic Benefits of the Modern Silk Road – CPEC

The Economic Benefits of the Modern Silk Road – CPEC


Sumera Saeed | October 10, 2017 | category: Business

The Economic Benefits of the Modern Silk Road – CPEC. ACCA and PCI today launched their first joint report on the Belt and Road Initiative in Pakistan called The Economic Benefits of the Modern Silk Road – CPEC. http://bit.ly/ModernSilkRoad

“For the last almost 3 years the business community and finance professionals have been talking about the economic benefits of the China Pakistan Economic Corridor, for Pakistanis CPEC has become as familiar an acronym as NOC, CNIC and JIT. We all know about the various projects that make up CPEC like Gwadar port, extension and modification of the Karakoram highway, new motorways, railways including may be even bullet trains, enterprise zones and off course energy plants, but has the business community started thinking about the impact of CPEC on their strategies? What will be the long term benefits?

How can businesses prepare for new opportunities and challenges? Where do they need to invest or allocate resource to capitalise on the future? What are the risks and how to navigate around them? What are the possible scenarios north or south or the good the bad and the ugly? Clearly a lot of deep dive thinking still needs to happen” says Arif Masud Mirza, Regional Head of Policy for ACCA.

The report was a joint initiative with the country’s leading think tank, the Pakistan-China Institute (PCI). According to PCI Executive Director, Mustafa Hyder Sayed

“this report indicates that investment in people, for example, learning Mandarin, understanding Chinese business culture and increased networking i.e. the people to people contact which is one of the pillars of CPEC, must be embedded in the long-term mission of the private and public sectors. Pakistan’s manpower; professional, skilled, semi-skilled and unskilled must match or be better than their Chinese counterparts if our nation is to ensure that CPEC’s long term benefits don’t start heading South.”

Sajjeed Aslam, Head of ACCA Pakistan said “We could see and hear the chatter on CPEC in professional networks very early on; a lot was hearsay which in itself can be a risk for businesses, the numbers being talked about where historic by Pakistani standards USD46bn multiplying to USD62bn later.  The report ,The Economic Benefits of the Modern Silk Road – CPEC contains the result of a survey amongst 500 finance professionals and business stakeholders as well the outcomes from 5 SWOT workshops in Baluchistan, KPK, Punjab, Sindh and Islamabad. The SWOTs revealed a common trend such as knowledge gaps, opportunities included regional trade and commerce, new cities and job creation; strengths included leveraging on the country’s educational institutes,scaling up agriculture and tourism, lastly, the threats revolve around environmental, social and governance challenges.”

The report writer Malik Mirza, FCCA, spent several months researching and interviewing diverse stakeholders across the country said “the SWOTs are a great way to get people to think strategicallyand ensure that we don’t just look at the blue sky only. ACCA 100 drivers for change provided a good pivot point for professionals to look at what skills will be needed to prepare for the future and these are explored in the report. Almost 70% agreed and strongly agreed that new skills will be needed in the future and 74.4% said they agreed and strongly agreed that there is a marked difference in business styles between the Chinese and Pakistani. Surprisingly over 80% agreed or strongly agreed that investing in Chinese language was desirable but on the ground we are not witnessing this investment.”

The full report is available online: http://bit.ly/ModernSilkRoad

About ACCA

ACCA (the Association of Chartered Certified Accountants) is the global body for professional accountants, offering business-relevant, first-choice qualifications to people of application, ability and ambition around the world who seek a rewarding career in accountancy, finance and management.

ACCA supports its 198,000 members and 486,000 students in 180 countries, helping them to develop successful careers in accounting and business, with the skills required by employers. ACCA works through a network of 101 offices and centres and more than 7,291 Approved Employers worldwide, who provide high standards of employee learning and development. Through its public interest remit, ACCA promotes appropriate regulation of accounting and conducts relevant research to ensure accountancy continues to grow in reputation and influence.

Founded in 1904, ACCA has consistently held unique core values: opportunity, diversity, innovation, integrity and accountability. It believes that accountants bring value to economies in all stages of development and seek to develop capacity in the profession and encourage the adoption of global standards. ACCA’s core values are aligned to the needs of employers in all sectors and it ensures that through its range of qualifications, it prepares accountants for business. ACCA seeks to open up the profession to people of all backgrounds and remove artificial barriers, innovating its qualifications and delivery to meet the diverse needs of trainee professionals and their employers. More information is here: www.accaglobal.com

About PCI

Pakistan-China Institute, launched in October 2009, under the Chairmanship of Senator Mushahid Hussain Sayed has emerged as the primary organization devoted to promoting people-to-people relations between Pakistan and China. PCI is a key player in fostering multilateral dialogue, promoting cultural and economic connectivity, along with acting as a unique bridge between Pakistan and China to develop a closer, strategic partnership.

On its course to materializing this vision, PCI aspires to lead rigorous discussions and in depth analysis by undertaking multi-faceted initiatives including conferences, lectures, exchange of visits, journals, e-magazines and documentaries.

PCI is a frontline advocate for the pivotal bilateral relationship between China and Pakistan and within a short span, it has emerged as a credible institution in both countries, and a premiere entity, which different sections of both societies turn to for advice, assistance and information.

Pakistan-China Institute aims to take up a leading role in generating discussions and analysis on multiple aspects of the diplomatic relations between China and Pakistan, as well as the entire region. An integral part of PCI’s mission is to serve as a resource to all those who seek a better understanding of the changing dynamics of regional relations, particularly in relation to Pakistan and China.

Pakistan China Institute, an independent, non-partisan research think thank and publisher, is dedicated to functioning as a resource for government officials, educators, students, civic leaders and all interested citizens to help them better understand the geostrategic dynamics of Asia.http://www.pakistan-china.com

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Lahore Chamber To Make its Own Airline In Collaboration With China

Lahore Chamber To Make its Own Airline In Collaboration With China


Sumera Saeed | October 7, 2017 | category: Business

Lahore Chamber To Make its Own Airline In Collaboration With China. Good news is for the business community is that Lahore Chamber to will make new airline in collaboration with China.  In this regard the Chief Meeting of the Lahore Chamber was decided to create board of directors to run the airline.

The meeting Lahore Chamber was attended by the ex-president Abdul Basit,  Senior Vice President Khawaja Khawar Rasheed, Vice President Zeshan Khalil,  other Aerospace specialists including Muhammad Basharat. In the meeting Vice President Zeshan Khalil said that the Lahore Chamber will form the Board of Directors with the mutual consent of the present and former presidents.

The proposed Board of Directors will finalize the matters of making airline. Airline will be made with the help of Tian-e-Jung. To get the civil aviation license Rs. 150 crores will be required while Rs 50 crores bank guarantee will also be required.

Executive committee members of the House Industry and Trade have declared the decision of making airlines as a happy one. Former president Abdul Basit has said that matter will be proceeded after specialists have prepared airlines’ financial and technical report.

For further updates stay tuned with daytimes.pk

APBF Offers Support to UNIDO’s Business Clinics for Young Entrepreneurs

APBF Offers Support to UNIDO’s Business Clinics for Young Entrepreneurs


Sumera Saeed | September 29, 2017 | category: Business

APBF Offers Support to UNIDO’s Business Clinics for Young Entrepreneurs. The All Pakistan Business Forum (APBF) has appreciated the valuable initiative taken by the United Nations Industrial Development Organization (UNIDO) of launching a nationwide Intensive Business Clinics (IBC), with the objective of helping aspiring entrepreneurs to set up new businesses or to help their existing ones progress faster.

The President of APBF – Mr. Ibrahim Qureshi offered support to this initiative and stated: “This initiative taken by the UNIDO is a great step towards the progress of Pakistani youth. This exercise will go a long way in improving the quality of business models and in equipping the young entrepreneurs with much needed skills, knowledge, and information, for nurturing entrepreneurship venture, while developing productive linkages with technical experts.

In the initial phase, UNIDO carried out an IBC in Lahore, which provided training to small/medium entrepreneurs and start-up businesses, who qualified as semi-finalists under the Global CleanTech Innovation Program (GCIP) Call for Awards 2017. In the first week of October, a similar IBC will be organized in Islamabad, whereas the UNIDO would be carrying out another IBC in Karachi soon. GCIP is currently being run in 12 countries including Pakistan, and its main focus is towards fostering the promising and viable clean-technology startups to fuel green industrial growth, whereby empowering the SME’s with training, guidance, and access to potential investors.

With an intention to support comprehensive and sustainable industrial development, UNIDO has partnered with the Global Environment Facility (GEF) to tackle the concurring global environmental challenges. UNIDO seeks to promote scalable and affordable solutions which will enable numerous countries to achieve a better and more resilient economy.

The All Pakistan Business Forum (APBF) is a vibrant business association which promotes and protects the interests of the business community and industry. It also suggests and advises the Government sector, regarding policy formulation, regulatory realignments and implementation in the commercial and industrial sectors of the economy. APBF has been consistently playing a positive role in elevation of standards and facilitation of business activity in Pakistan.

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APBF Flays NEPRA For Hike in Power Tariff Amid High Trade Deficit

APBF Flays NEPRA For Hike in Power Tariff Amid High Trade Deficit


Sumera Saeed | September 22, 2017 | category: Business

APBF flays NEPRA for hike in power tariff amid high trade deficit. Rejecting the hike in electricity tariff by the National Electric Power Regulatory Authority on pressure of Power Distribution Companies, the All Pakistan Business Forum has asked the authorities to reduce electricity and gas tariff particularly for the industry in Punjab.

While presiding over the executive committee meeting, APBF president Ibrahim Qureshi criticized the National Electric Power Regulatory Authority (Nepra) which has allowed an increase of 48 paisa per unit in the average electricity tariff for Discos for 2015-16, allowing them an additional burden of more than Rs24.34 billion on consumers or additional revenue for Discos. The DISCOs were also demanding hike of Rs.225 billion as an additional revenue for them on account of higher losses, non-recovery of bills, late payment surcharge etc.

At a time when country’s trade deficit was further stretched by 34% during 2MFY18 to $6.3b against $4.7b in same period of last year owing to rise in imports and slow exports growth amidst high cost of doing business the proposed hike in power tariff is very unfortunate. He said that the much hyped textile package has so far proven ineffective in providing sufficient respite.

Quoting the latest figures, he said that current account deficit swelled during FY17 due to continuous growth in imports by 18% amidst decline in exports as growth in textile group remains muted. Further, drop in workers’ remittances by 3% also eroded the external account position, he added.

He said that export-oriented industry of Punjab needs special attention as presently it is facing high cost of doing business. He said that business-friendly initiatives of the government could enable this industry to grow and increase its productivity. He said that the officials concerned should take the private sector on board in important decision-making.

Ibrahim Qureshi said that the industry is fast heading towards the total closure only because of high cost of gas and electricity. The meeting asked the government to impose a uniform electricity and gas tariff across the country; as discrimination in utility prices is hitting the industry of Punjab hard.

APBF president said that the government’s move is against its manifesto of economic revival and poverty alleviation. He said average electricity tariff for industry in the region is below 10 cents against 14.4 cents in Pakistan, as power tariff cost in China, India, Bangladesh and Sri Lanka is 8.5 cents, 11.3 cents, 7.3 cents and 9.2 cents, respectively. He said industries are already facing deteriorating law-and-order situation; complexity of taxes, and curtailed supply of gas and now the power tariff hike would further hit the exports and the revenue.

The participants of the meeting also urged the government to give due representation to the private sector in the Oil & Gas Regulatory Authority to make it an efficient department. At present, all decisions are being made without keeping in view of the ground realities. The export-oriented industry is in deep trouble because of high cost of doing business and is on the verge of collapse, he said and added that such anti-business acts would hamper the growth of manufacturing sector. He said the government’s machinery always vows to take the private sector on board but they do not bother to consult any trade or industrial body while making the decisions.

For further updates stay tuned with daytimes.pk



Hammer of Thor Capsules for Men Available in Pakistan


Sumera Saeed | July 8, 2017 | category: Health and Beauty

Hammer of Thor is the best sex capsules for men that make you the man you want to be. It is a unique formulation that satisfies your sexual desire. Shoppingate.pk cares for the satisfaction and health of the customers so we offer Hammer of Thor in Pakistan produced by European laboratories. As we know that your private life is your personal business that’s why we bring Hammer of Thor Capsules in Pakistan that boosts your sexual performance & has the physique match to the films that you have seen. By using these male enlargement capsules you’ll find a proportional & natural enhancement of your penis while feeling better erections. Hammer of Thor Capsules in Pakistan understood as this very well. These male enhancement capsules are formulated by French pharmacist in France. These capsules have high-quality natural ingredients like Arginine & Tribulus that’s why they cause zero side effects. Visit our online shopping website in Pakistan and get all your answers like how to use Hammer of Thor, Hammer of Thor side effects, Hammer of Thor in Urdu and you can also buy Hammer of Thor in Lahore.

Ingredients in Hammer of Thor Capsules

Hammer of Thor in Pakistan is a great combination of high-quality ingredients that supports the men’s sexual health that are; Korean Ginseng, Saw Palmetto, Selenium and Beta Sitosterols.

How does Hammer of Thor Capsules Works

Hammer of Thor Capsules in Pakistan facilitates the absorption of the blood that flows to the cavernous body of your penis that leads to the increase erection size. Due to the dilation in the penis cavity, all the erectile tissues swell and become larger. As result, it’ll increase the length & width of a penis as well as erection’s strength. The objective formula of this unique product makes these effects permanent so that it won’t disappear after taking these enlargement capsules. By using Hammer of Thor in Pakistan you’ll get more erection while giving you bluntly, beautiful and big cock.

She’ll Feel the Big Difference When You Use Hammer of Thor Capsules

Sexual activity is excellent but with the Hammer of Thor Capsules in Pakistan, it helps to turn great sex to excellent sex. The secret of Hammer of Thor is it is an herbal formulation that increases the longevity & strength of your erection to enhance the pleasure for you & for your partner.

Improve Your Sexual Performance with Hammer of Thor

You can also boost libido by working on your erections. Using Hammer of Thor in Pakistan you must do effective and simple exercises for great pleasure& impressive erections. Control your desires easily & naturally and fulfills the needs of your partner.

Benefits of Hammer of Thor

  • Increase your erections strength
  • Enhanced sexual performance
  • Harder Erection
  • Bigger Penis
  • Sex Booster
  • Boost Libido
  • 30 Capsules
  • Herbal Formulation
  • Zero Side Effects
  • Organic and Natural

Buy Hammer of Thor Capsules Online in Pakistan

We provide you high-quality Hammer of Thor Capsules available in Pakistan at Shoppingate.pk as we deliver you best quality Hammer of Thor Capsules online in Pakistan with free home delivery service. Get discount on Hammer of Thor Price in Pakistan, Hammer of Thor in Pakistan price, Hammer of Thor capsule in Pakistan price, Hammer of Thor supplement in Pakistan price & Hammer of Thor Capsules Price in Pakistan from our online shopping website in Pakistan. Shoppingate.pk offers original Hammer of Thor Capsules for sale in Lahore, Karachi, Islamabad, Rawalpindi, Bahawalpur, Faisalabad, Peshawar, Hyderabad, Gujarat, Quetta, Sialkot, Multan, Okara, Bahawalnagar, and Sargodha.

Hammer of Thor Capsules Price in Pakistan: PKR 4,500

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Vivo Y53 smartphone Now officially Available in Pakistan at Affordable Price


Sumera Saeed | July 7, 2017 | category: Mobile Phones

Vivo has officially launched the all new Y53 smartphone in Pakistan. Vivo is an international tech company which is in the business of internet services and smartphones.

Vivo Y53 Design and Display:

The all new Vivo Y53 smartphone is a sleek and stylish handset with the measurement of 1 144.2 × 71.4 × 7.64mm  and weight is 137.00 grams. It features a 5.0-inch high-definition LCD display with Corning Gorilla Glass 3 and has 960×540 pixels  of resolution.

Camera:

The Vivo Y53 has a 13 megapixel front facing camera with f/2.2 aperture and LED flash  and a 5 megapixel front facing camera with f/2.2 aperture.

RAM and ROM:

Vivo Y53 smartphone includes 2GB of RAM and 16GB of internal storage which is expandable up to 256GB via microSD card.

OS and CPU:

It includes a1.4 GHz Quad-core Processor and runs on Android 6.0 Marshmallow operating system.

Battery Performance:

The Vivo Y53 smartphone incorporates a non removable 2500 mAh powerful battery.

Available colors:

The Vivo Y53 is available having tow color option including Crown Gold and Matte Black.

Sensors and Connectivity Options:

The Vivo Y53 include fingerprint sensor, Compass Magnetometer, Proximity sensor, Accelerometer, Ambient light sensor and Gyroscope. It’s a dual SIM device and also has 4G LTE Support.

In terms of connectivity the V5S smatphone includes Wi-Fi, Bluetooth 4.0, USB 2.0, GPS, OTG and FM Radio.

Price of Vivo Y53:

The Price of Vivo Y53 in Pakistan is Rs. 16,999.



Vivo V5S smartphone Now Officially Available in Pakistan


Sumera Saeed | July 6, 2017 | category: Mobile Phones

Vivo has officially launched the all new V5S smartphone in Pakistan. Vivo is an international tech company which is in the business of internet services and smartphones. Have a look at the complete details of Vivo V5S smarpthone below:

Vivo V5S Design and Display:

The all new Vivo V5S smartphone is a sleek and stylish handset with the measurement of 153.8 x 75.5 x 7.55 mm and weight is 154.00 grams. It features a 5.5-inch high-definition LCD display with Corning Gorilla Glass 3 and has 720 X1280 pixels of resolution.

Camera:

The Vivo V5S has a 20-megapixel Moonlight front facing camera with HD image quality and a 13-megapixel rare facing camera with f/2.2 aperture and LED flash.

RAM and ROM:

Vivo V5S smartphone includes 4GB of RAM and 64GB of internal storage which is expandable up to 256GB via microSD card.

OS and CPU:

It includes a1.5 GHz Octa-core 64bit Processor and runs on Android 6.0 Marshmallow operating system.

Battery Performance:

The Vivo V5S smartphone incorporates a non removable 3000 mAh powerful battery.

Available colors:

The Vivo V5S is available having tow color option including Crown Gold and Matte Black.

Sensors and Connectivity Options:

The Vivo V5S include fingerprint sensor, Compass Magnetometer, Proximity sensor, Accelerometer, Ambient light sensor and Gyroscope. It’s a dual SIM device and also has 4G LTE Support.

In terms of connectivity the V5S smatphone includes Wi-Fi, Bluetooth 4.0, USB 2.0, GPS, OTG and FM Radio.

Price of Vivo V5S:

The Price of Vivo V5S in Pakistan is Rs. 29,999.

 

EcoStar feels proud being Co-Sponsor of MARCON ’17 Lahore

EcoStar feels proud being Co-Sponsor of MARCON ’17 Lahore


Sumera Saeed | March 21, 2017 | category: News

EcoStar feels proud being Co-Sponsor of MARCON ’17 Lahore

EcoStar is a nationwide brand of LED televisions and electronics that reflects technological excellence. This technology leader recently participated as a Co-Sponsor in MARCON 2017 – the prestigious annual marketing conference, organized by the Marketing Association of Pakistan (MAP) – Lahore Chapter at the PC Hotel in Lahore on 13th and 14th March, 2017. Being the Co-Sponsor of this insightful event – EcoStar’s marketing department participated very actively to enrich this insightful event.

The organizing committee of MAP acknowledged EcoStar’s valuable patronage, while Mr. Rizwan Butt, Chief Operating Officer of DWP Group was also presented with a shield as a token of appreciation from MAP. MARCON is an international conference organized for marketing practitioners in Pakistan. Leading experts share their wisdom, ideas and experiences at this forum every year. Thus, it plays a key role in the advancement of professional Marketing in Pakistan’s competitive business environment.

Mr. Rizwan Butt (COO, DWP Group) while talking to media officials commented that,

‘’it’s always nice to hear and appreciate success stories of other marketers as it took them a long period to be here and being a responsible organization EcoStar believes that investing in such events enhance exposure and learning experiences.’’

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Limofied – Australian Rideshare and Car-Booking app Launched in Faisalabad

Limofied – Australian Rideshare and Car-Booking app Launched in Faisalabad


Sumera Saeed | December 24, 2016 | category: Autos and Vehicles

Limofied™ – an Australian-owned, rapidly growing ride-share, car-hire and car-booking app, has been launched in Pakistan. After a magnificent launch in Lahore recently, this team of ‘transport-management specialists’ has now launched their innovative services in Faisalabad too.

It allows passengers using smartphones to submit a trip-request, which is then transmitted to the closest Limofied™ drivers, who use their legally registered vehicles to provide timely, comfortable, courteous and most economical transportation services, to diverse segments of consumers.

A grand ceremony was held at a local hotel, to launch the services of Limofied™ in Faisalabad and some surrounding rural areas too. So the people of Faisalabad can now conveniently book a car for point-to-point travel, airport transfers, weddings or special events for corporate clients and leisure travels. Soon, these services will also be expanded to Karachi and all other important cities of Pakistan. Limofied will bring a whole new standard of high quality, professional car-travel services, which Uber and Careem have failed to deliver.

The wide range of Limofied features, includes ‘Le Femme’ an exclusive program for nurturing female drivers (Captains), to empower and facilitate women. It promises the ultimate security and peace-of-mind for the female passengers, who prefer to be driven around by a well-trained lady-driver. The customers can access reliable 24/7 facilities, through a world-class App, website and service center – seamlessly connected to its vast network of professional and licensed drivers. It is the ideal choice for discerning clients, who value their time & safety, while appreciating quality delivered by the industry’s best drivers, reaching them on-time, every time.   Limofied – Australian Rideshare and Car-Booking app Launched in Faisalabad
The CEO of Limofied Technologies Ltd. – Syed Muhammad Kashif Iqbal stated that: “Being a Pakistani living abroad, it was my desire to make innovative contributions to empower the deprived segments in our motherland, through technological solutions, that create sustainable employment opportunities. Limofied is the first platform that is introducing ‘Motorcycle Taxi’ in Faisalabad, allowing the bike-owners to earn a respectable income.

Limofied has added two more services in its App at Faisalabad Launch. A service called MOTOTaxi, (Motorcycle Taxi) and the Rickshaw. The App will now allow the students of the university and college to travel on less using its MOTOTaxi service, a motorcycle taxi service which will cost less then the conventional travel. It will create ease of travel for students and will also create jobs. Faisalabad has a massive population of the Rickshaws and at present the community is looking for the solution where they can call the Rickshaw with ease rather then running after them on the roads. Limofied App will cater for the both new MTOTAXI and RICKSHAW services along with the Limofied Business Class and Premium Economy.

MOTO Taxi Fares are as follows:

Base Fare: 50

Per Km: 5

Per Min: 1

Minimum Fare: 70

 

Rickshaw Fares are as follows:

Base Fare: 50

Per Km: 15

Per Min: 1

Minimum: 70

After Lahore, Limofied is proud to expand to Faisalabad – which is the birth-place of its Chief Technology Officer & Co Founder – Mr Zahid Khan. The vast business-community in the industrial hub – Faisalabad is very happy to see that Limofied has a firm belief in the great potential of this business hub of Punjab. Kashif expressed his commitment and love for the people of Faisalabad.

With the CPEC – Gwadar project being built throughout Pakistan, our business community needs world-class services. Limofied will make sure that various consumer-segments get their desired quality of services – Business-class facilities for the business travelers and premium economy services for the economy travelers. With Limofied; everyone will be a winner.

The Chief Technical Officer of Limofied – Muhammad Zahid Khan stated that: We have created the most innovative transport-management application, customized to Pakistan’s needs. We have a vision to empower the local businesses by providing them the most versatile platform, to deliver a wide range of world-class services, with unmatched convenience. Limofied has successfully optimized the advantages of today’s revolutionary telecom technologies and mobile networks.

Limofied™ is already available in most major cities of Australia and many European cities too. Its network is growing rapidly due to its cost-effective pricing, transparency and simplified app design. After Pakistan, this service will soon be launched in many other regions including: USA, UK, Canada, Middle East and Asia.
‘Always On Time’ is the key promise of Limofied, as it delivers an unparalleled degree of reliability along with Multiple Options for Booking your rides in advance, via our website, phone or mobile app. At the end of the ride, the passengers get an auto-generated e-receipt for the exact amount you have paid. Using proprietary technology, every car in the Limofied fleet is tracked. The passengers can also track their ride through our mobile app. In-app text messages, along with email updates, are sent to the customer, when the car is on its way and when it has arrived at a pick up location. For more details please visit: https://www.limofied.com/

 

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