#office supplies in Lahore
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dpr-lahore-division · 2 months ago
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With compliments from, The Directorate General Public Relations,
Government of the Punjab, Lahore Ph. 99201390.
No.1076
HANDOUT (A)
CM Maryam Nawaz Sharif Directs to Start Chief Minister Insulin Program
 
Lahore, 11 October 2024: “Rebrand BHUs as Maryam Nawaz Health Clinics to improve health facilities in remote areas,” Chief Minister Punjab Maryam Nawaz Sharif directed the authorities concerned while chairing a special meeting on health sector. She approved the creation of performance management framework and "KPIs" for the performance evaluation.of healthcare staff. She also approved to set up cath labs in hospitals of Mianwali, Jhang Layyah, Attock and Jhelum. 
 
Madam Chief Minister said,”Children with type 1 diabetes will be provided with insulin at their home.” She added,”Special cards will be made to ensure supply of insulin to sick children.”
 
Chief Minister Maryam Nawaz Sharif said,”A Government-approved company will supply insulin as per cold chain and other SOPs.” She added,”Chief Minister Insulin for All pilot project will be started in three districts including Lahore.” She highlighred,”Type 1 diabetes patients will be able to apply through a dedicated app or helpline.”
 
Senior Provincial Minister Marriyum Aurangzeb, Information & Culture Minister Azma Zahid Bukhari, Health Ministers Khawaja Salman Rafiq, Khawaja Imran Nazir Health Advisor Dr Azhar Kayani and MPA Sania Ashiq attended the meeting. Principal Secretary to CM, Secretaries Health, Finance and other relevant officers were also present.
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jobustad · 2 months ago
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Latest LESCO Jobs October 2024 - Lahore Electric Supply Company Jobs
Latest LESCO Jobs October 2024 has been announce through Latest advertisement LESCO is seeking the services of a visionary, dynamic, professional of high caliber having demonstrated the leadership skills to lead a company as its Chief Executive Officer (CEO).In these Latest Govt Jobs in Punjab both Male and Female candidates can Apply in these Jo bs and can get these New Jobs in Pakistan 2024…
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savingpk · 2 months ago
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President of Dera Ghazi Khan Chamber of Commerce and Industry Khawaja Jalaluddin Rumi called on Chief Minister Usman Bazdar
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On March 23, 2021, President of Dera Ghazi Khan Chamber of Commerce and Industry Khawaja Jalaluddin Rumi called on Chief Minister Usman Bazdar at the Chief Minister’s Office in Lahore. This significant meeting focused on enhancing entrepreneurship in Punjab and addressing various challenges related to industrial growth in the region.
During the discussion, Khawaja Jalaluddin Rumi shared insights regarding the obstacles facing industrial development. He emphasized the need for supportive initiatives to foster a thriving business environment. In response, Chief Minister Usman Bazdar introduced the innovative concept of "Cottage Business Housing," designed to merge workspace and living areas, making it easier for entrepreneurs to manage both their businesses and personal lives.
The "Cottage Business Housing" initiative aims to provide self-employment opportunities and housing, particularly benefiting women in the region. Bazdar outlined plans for the Quaid-e-Azam Business Park, which is envisioned as a model for a special economic zone. This project is currently under development, with efforts underway to ensure the provision of essential utilities like electricity and water.
In a bid to improve connectivity, an MoU has been signed to develop an interchange that will link the Quaid-e-Azam Business Park with the main dual carriageway. This infrastructure enhancement is expected to facilitate smoother transportation for goods and services. Additionally, an underground power supply and a wastewater treatment plant are planned for the business park, along with proposals for establishing an industrial zone in Muzaffargarh through a public-private partnership. Bazdar expressed confidence that the full potential of business development in South Punjab can be harnessed through these initiatives.
The Chief Minister also announced that industrial zones would be established rapidly in Muzaffargarh and Bahawalpur, emphasizing the importance of industrialization in creating employment opportunities. He reassured that the provincial government would extend all possible support to traders and industrialists in Punjab.
Khawaja Jalaluddin Rumi further updated the Chief Minister on the progress of the establishment of anchorages in the region. He conveyed satisfaction with the status of anchorages in Mount Sulaiman and surrounding areas in Balochistan, noting that these developments align with the vision set forth by Prime Minister Imran Khan. The expansion of anchorages into remote areas represents a significant step toward building a welfare-oriented society, where economic activities can thrive in underserved regions.
Rumi praised the collaborative efforts of the business and industrial communities in supporting the establishment of anchorages, highlighting the positive impact these initiatives can have on local economies. He reiterated the commitment of the Ghazi Khan business community to cooperate fully with the government in efforts aimed at public welfare. Rumi also noted the ongoing welfare schemes targeting education and health services in Balochistan, Sindh, North Waziristan, and South Punjab.
In addition, Rumi emphasized the importance of free medical services being provided to patients in hospitals in Multan, illustrating the government’s commitment to healthcare access. He mentioned that scholarships are being awarded to needy students in South Punjab, including Dera Ghazi Khan, to promote vocational education and skill development.
The meeting underscored a collaborative spirit between the government and the business sector, with both parties recognizing the potential for economic growth through strategic partnerships. Chief Minister Usman Bazdar expressed gratitude to Khawaja Jalaluddin Rumi and the business community for their proactive involvement in fostering industrial and economic development.
Overall, the dialogue between President of Dera Ghazi Khan Chamber of Commerce and Industry Khawaja Jalaluddin Rumi and Chief Minister Usman Bazdar marks a promising step forward in Punjab’s journey toward enhanced economic activity and improved living standards for its citizens. The initiatives discussed have the potential to create a more vibrant and sustainable business environment, ultimately leading to increased job creation and economic prosperity in the region.
With a focus on integrating industry with community welfare, the plans laid out during this meeting reflect a forward-thinking approach to governance and economic development. The commitment from both the government and the business community to work together will be crucial in realizing these ambitious goals for Punjab’s future.
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dailyilm · 3 months ago
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Wapda Online Electricity Complaint Portal Inaugurated
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In a significant step towards improving customer service and transparency, the Government of Punjab's Ministry of Energy has launched the WAPDA Online Electricity Complaint Portal. This new digital initiative is designed to streamline the process for Pakistani citizens to address grievances related to WAPDA services. The portal aims to address a range of issues, including overbilling, faulty wiring, and malfunctioning electricity meters, by providing a direct and efficient channel for complaints.
Purpose and Benefits of the Portal
The WAPDA Online Electricity Complaint Portal is a response to the persistent problems faced by citizens in dealing with electricity service issues. Previously, resolving such issues often required multiple visits to WAPDA offices and sometimes involved informal payments to expedite resolutions. The new portal seeks to eliminate these inconveniences by offering a centralized platform for lodging complaints, thus promoting greater efficiency and accountability.
The Government of Pakistan has also established a dedicated WAPDA Complaint Cell to handle issues raised through the portal. This cell is staffed with trained professionals who are responsible for addressing complaints and ensuring timely responses. For immediate assistance, citizens can contact the WAPDA Electricity Complaint Number at 092-42-99202211, where trained personnel will manage and process their concerns.
Role of WAPDA, LESCO, and MEPCO
For residents of Punjab, Lahore, and other areas served by LESCO (Lahore Electric Supply Company), the portal provides a convenient method to report issues directly to the Ministry of Energy. Previously, resolving issues like overbilling or meter changes often involved multiple visits to the Ministry's office, which could be both time-consuming and frustrating. With the launch of the online portal, citizens can now submit complaints from the comfort of their homes, significantly reducing the need for physical visits.
Similarly, for those living in the MEPCO (Multan Electric Power Company) service area, the portal integrates with the MEPCO Online Complaint Number system. Citizens can use the complaint numbers 061-9210334 or 061-9210389 to report issues, further simplifying the process and reducing the hassle associated with traditional complaint mechanisms.
How to Use the Portal
Filing a complaint through the WAPDA Online Electricity Complaint Portal is straightforward. To begin, users need to access the portal's website and fill out the online application form. The process is designed to be user-friendly, guiding individuals through each step to ensure that all necessary information is provided.
Access the Portal: Visit the official WAPDA Online Electricity Complaint Portal website.
Fill Out the Application Form: Enter your personal details and a description of the issue you are experiencing. Ensure that all required fields are completed accurately to facilitate prompt processing.
Submit the Complaint: After completing the form, submit it through the portal. You will receive a confirmation of receipt and a tracking number to follow up on your complaint.
Follow Up: If necessary, you can use the tracking number to check the status of your complaint and receive updates on its resolution.
Addressing Common Concerns
The introduction of the online complaint portal addresses several common issues faced by citizens in managing their electricity services. Prior to this development, problems such as overbilling and malfunctioning meters often required direct interaction with WAPDA offices, which could sometimes involve delays and the need for informal payments to expedite service.
The new system aims to eliminate these concerns by providing a transparent and efficient process for managing complaints. By enabling users to report issues online, the portal not only reduces the need for physical visits but also minimizes the opportunities for corrupt practices.
Conclusion
The inauguration of the WAPDA Online Electricity Complaint Portal marks a significant advancement in customer service for Pakistan's electricity sector. By offering a streamlined and accessible way to address grievances, the portal enhances transparency and efficiency. Citizens across Pakistan, including those in major cities like Karachi, Lahore, and Islamabad, can now resolve their electricity-related issues with greater ease and confidence.
As the portal becomes fully operational, it is expected to improve overall satisfaction with electricity services and ensure that complaints are handled promptly and fairly. This initiative represents a crucial step towards modernizing public service delivery and improving the quality of life for Pakistani citizens.
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tenders4you · 5 months ago
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Navigating LESCO Tenders: A Comprehensive Guide
Securing contracts through LESCO (Lahore Electric Supply Company) tenders can be highly beneficial for businesses looking to provide goods and services to one of the largest electric utility companies in Pakistan. This guide aims to provide an in-depth understanding of LESCO tenders, the tendering process, and best practices to enhance your chances of success.
Introduction to LESCO and Its Tendering Process
LESCO is responsible for the distribution of electricity in Lahore and its surrounding areas. To maintain and expand its operations, LESCO frequently issues tenders for various goods and services, ranging from electrical equipment to construction and maintenance services. Understanding the LESCO tendering process is crucial for businesses aiming to participate in these procurement opportunities.
Importance of Participating in LESCO Tenders
1. Significant Business Opportunities
LESCO tenders offer substantial business opportunities due to the scale of projects and the ongoing demand for goods and services necessary to support its operations.
2. Long-Term Contracts
Securing a LESCO tender can lead to long-term contracts, providing stability and consistent revenue for your business.
3. Enhanced Credibility
Winning a LESCO tender enhances your business's credibility and can open doors to other governmental and private sector opportunities.
Understanding the LESCO Tendering Process
1. Tender Notice Publication
LESCO publishes tender notices on its official website and in major newspapers. These notices provide essential details about the procurement opportunity, including the scope of work, eligibility criteria, submission deadlines, and contact information for inquiries.
2. Tender Documents
Interested bidders must obtain the tender documents, which contain comprehensive information about the requirements, evaluation criteria, and terms and conditions of the contract. These documents are typically available for purchase from LESCO’s tendering office.
3. Bid Preparation
Bidders prepare their proposals based on the specifications outlined in the tender documents. This involves compiling a technical proposal, a financial bid, and submitting the required documentation to demonstrate eligibility and capability to fulfill the contract requirements.
4. Bid Submission
Bids must be submitted within the specified deadline and in the format prescribed in the tender documents. Adhering to submission guidelines is critical to avoid disqualification.
5. Bid Opening and Evaluation
After the submission deadline, LESCO publicly opens the bids and evaluates them based on predefined criteria. The evaluation process typically includes assessing technical capabilities, financial viability, and compliance with tender requirements.
6. Contract Award
The contract is awarded to the bidder that best meets the evaluation criteria and offers the most advantageous proposal. The award decision is communicated to all bidders, and contract negotiations may follow before the final contract is signed.
Key Components of LESCO Tender Documents
1. Invitation to Tender (ITT)
The ITT provides an overview of the procurement opportunity, including project details, eligibility criteria, and submission requirements. It is crucial to thoroughly review the ITT to understand the scope of work and requirements.
2. Instructions to Bidders
This document provides detailed instructions on how to prepare and submit bids. It includes information on bid submission procedures, formats for pricing proposals, requirements for bid security, and any amendments or clarifications issued during the tendering process.
3. Bid Forms and Schedules
Bid forms and schedules outline the format and structure for submitting bids. They include forms for pricing proposals, bidder information, declarations of compliance, and any additional documentation required by LESCO.
4. Terms and Conditions of Contract
The terms and conditions of the contract specify the legal obligations and responsibilities of both LESCO and the successful bidder. This document covers aspects such as payment terms, delivery schedules, warranties, dispute resolution mechanisms, and contract termination clauses.
Best Practices for Participating in LESCO Tenders
1. Thoroughly Review Tender Documents
Carefully read and understand all tender documents, including amendments or addenda, to ensure you meet the requirements and can prepare a compliant bid. Pay attention to details such as submission guidelines, evaluation criteria, and deadlines.
2. Conduct Market Research
Understand LESCO’s needs and preferences by conducting market research. This knowledge will help you tailor your proposal to align with their expectations and stand out from competitors.
3. Highlight Unique Selling Points
Emphasize your unique selling points (USPs) in your proposal. Clearly articulate what sets your business apart from competitors and how your solution provides the best value for LESCO.
4. Build Strong Relationships
Develop relationships with key stakeholders in the procurement process. Networking and attending industry events can provide valuable insights and opportunities to showcase your business's capabilities.
5. Seek Feedback
If your bid is unsuccessful, seek feedback from LESCO to understand where you can improve. Use this feedback to enhance future proposals and increase your chances of success.
Common Challenges and How to Overcome Them
1. Limited Resources
Small businesses often have limited resources compared to larger competitors. Focus on highlighting your flexibility, personalized service, and innovative solutions to differentiate yourself.
2. Complex Documentation
Tender documents can be complex and time-consuming to complete. Consider investing in training or hiring a consultant to assist with the preparation process.
3. Intense Competition
Competition for LESCO tenders can be intense. Conduct a thorough analysis of competitors and market conditions to position your bid effectively and emphasize your USPs.
Conclusion
Securing LESCO tenders requires a strategic approach, attention to detail, and a deep understanding of the tendering process. By following best practices, preparing comprehensive and compelling proposals, and leveraging your unique strengths, your business can successfully compete for and win LESCO contracts, driving growth and opening new opportunities.
Tenders4you
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citynewsglobe · 6 months ago
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[ad_1] NEBOSH: Elevating Occupational Well being and Security Requirements GloballyIn at this time's fast-paced industrial world, guaranteeing office security has grow to be extra essential than ever. Organizations worldwide are more and more prioritizing the well being and security of their workers o adjust to stringent rules and to foster a tradition of well-being and effectivity. The NEBOSH (Nationwide Examination Board in Occupational Security and Well being) certification stands as a beacon of excellence on this regard, providing complete and globally acknowledged qualifications in occupational well being and security. This intensive information delves into the myriad elements of NEBOSH certifications, notably specializing in their relevance and availability in Pakistan, whereas exploring the advantages, value, and international affect.Understanding NEBOSH Certification NEBOSH certifications are worldwide recorded credentials that signify a person's proficiency in managing office well being and security. Probably the most notable amongst these is the NEBOSH and Worldwide Common Certificates in Occupational Well being and Security (IGC), which equips professionals with the data to handle dangers and promote security throughout numerous sectors.NEBOSH IGC: A Gateway to International AlternativesThe NEBOSH IGC is a flagship course that's hihgly valued by employers all over the world. It supplies a stable basis in well being and security, protecting vital subjects similar to hazard identification, danger evaluation, and security administration programs. This certification is important for these aiming to construct a profession in well being and security, providing a pathway to extra superior qualifications and better profession prospects.NEBOSH Course in Pakistan: Assembly Native and International WantsIn Pakistan, the demand for NEBOSH certifications is on the rise, pushed by the nation's industrial development and the growing emphasis on occupational well being and security. NEBOSH course in Pakistan can be found in main cities together with Lahore, Karachi, Islamabad, Hyderabad, and Multan. These NEBOSH Course in Pakistan cater to a various vary of pros, from entry-level workers to senior managers, and are delivered by accredited NEBOSH course Suppliers.NEBOSH Course Suppliers in PakistanSelecting the best NEBOSH Course Supplier is essential for guaranteeing that you simply obtain high quality schooling and coaching. In Pakistan, a number of respected establishments provide NEBOSH programs, offering complete coaching that adheres tp NEBOSH's rigorous requirements. These suppliers provide versatile studying choices, together with classroom-based and on-line codecs, to accommodate completely different studying preferences.NEBOSH in Pakistan Lahore: As a serious instructional hub, Lahore affords quite a few alternatives for NEBOSH programs in Lahore. Accredited suppliers in Lahore ship high-quality coaching, guaranteeing that college students are well-prepared for the NEBOSH examinations. Karachi: The bustling metropolis of Karachi is one other key location for NEBOSH in Pakistan. Suppliers right here provide intensive assets and skilled instructors to information college students by way of their certification journey. Islamabad: The capital metropolis additionally hosts seasonal NEBOSH Course Suppliers, making it handy for professionals within the area to entry top-notch coaching. Hyderabad and Multan: These cities, too, are rising as necessary facilities for NEBOSH in Pakistan for coaching, providing accessible and high quality schooling to native professionals. NEBOSH Price and LengthThe NEBOSH price varies relying on the course and supplier. Nonetheless, the funding is effectively value it, contemplating the worth and recognition that include a NEBOSH Certificates. On common, the NEBOSH price in Pakistan ranges from PKR 100,000 to 200,000, relying on the extent of the course and the coaching supplier.NEBOSH Course LengthNEBOSH course in Pakistan period additionally varies by course.
As an illustration, the NEBOSH IGC usually requires about 10-15 days of classroom coaching, supplemented by further self-study. Extra superior NEBOSH programs period, just like the NEBOSH Diploma, might take a number of months to finish, given their intensive curriculum.Advantages of NEBOSH Certification Profession DevelopmentIncomes a NEBOSH Certificates considerably enhances your profession prospects. Employers all over the world acknowledge NEBOSH qualifications as a mark of excellence and competency in well being and security administration. This recognition can open doorways to a variety of job alternatives in numerous industries, from manufacturing and development to grease and fuel.International RecognitionNEBOSH's qualifications are globally acknowledged, making them extremely worthwhile for professionals in search of to work overseas. International locations such because the US, UAE, Saudi Arabia, and India have a excessive demand for licensed professionals, guaranteeing that your abilities and data are transferable and revered internationally.Sensible Expertise and DataNEBOSH programs are designed to offer sensible abilities and data which you can apply instantly in your office. From conducting efficient danger assessments to implementing complete security administration programs, the competencies gained by way of NEBOSH coaching allow you to make a tangible affect on office security.NEBOSH Worldwide Common Certificates in Occupational Well being and SecurityThe NEBOSH Worldwide Common Certificates in Occupational Well being and Security is a flexible qualification that's related throughout numerous sectors. It covers important subjects similar to: Threat evaluation and administration Office hazards and controls Well being and security laws incident investigation and reporting NEBOSH within the USThough the US has its personal set of well being and security requirements, NEBOSH's qualifications are nonetheless extremely valued. They supply a sturdy framework for understanding and managing occupational well being and security, making them related for professionals in search of to reinforce their abilities and data within the American context.NEBOSH within the UAE and Saudi ArabiaWithin the UAE and Saudi Arabia, the speedy industrial development and growth tasks have heightened the necessity for certified well being and security professionals. NEBOSH certifications are extremely wanted in these international locations, the place they assist be certain that workplaces meet worldwide security requirements.NEBOSH in IndiaIn India, the commercial growth and growing consciousness of office security have led to a rising demand for NEBOSH-certified professionals. The NEBOSH curriculum's alignment with international greatest practices makes it a really perfect qualification for these trying to improve their profession in occupational well being and security.Specialised NEBOSH ProgramsAlong with the NEBOSH IGC and Diploma, NEBOSH affords specialised programs tailor-made to particular industries and desires. These Embody:NEBOSH Course of Security AdministrationThe NEBOSH Course of Security Administration course is design for professionals in Industries the place course of security is vital, similar to oil and fuel, chemical compounds, and prescription drugs. This course supplies an in depth understanding of course of security ideas and practices, enabling professionals to handle dangers successfully.NEBOSH Incident Investigation The NEBOSH Incident Investigation course equips individuals with the talents wanted to conduct thorough investigations of office incidents. This course is important for figuring out root causes and implementing measures to forestall future occurrences, thereby enhancing total office security.On-line Studying AlternativesFor individuals who can't attend in-person courses, NEBOSH affords on-line programs. These programs present the identical rigorous schooling and coaching as their classroom counterparts, with the added comfort of versatile studying schedules.
An On-line search engine optimization course may be notably useful for professionals who have to stability their research with work commitments.NEBOSH certifications are important belongings for anybody trying their profession in occupational well being and security. Whether or not you're primarily based in Pakistan or wherever else on the planet, a NEBOSH Certificates opens up a world of alternatives. With accredited NEBOSH Course suppliers providing complete coaching in cities like Lahore, Karachi, Islamabad, Hyderabad, and Multan, and a rising demand in international locations just like the UK, the US, the UAE, Saudi Arabia, and India, there has by no means been a greater time to put money into your skilled growth.NEBOSH Diploma, or specialised programs like NEBOSH Course of Security Administration or NEBOSH Incident Investigation, you're making a dedication to excellence and management within the subject of well being and security.So, take step one at this time and enroll in a NEBOSH course in Lahore, or another main metropolis in Pakistan, and be part of the ranks of well being and security professionals devoted to creating a distinction in workplaces across the globe. [ad_2] Supply hyperlink
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entrepreneurgulf · 8 months ago
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Retailio: Revolutionizing the Digital Retail Experience in Saudi Arabia Led by A Trailblazing Trio
Retailio: Revolutionizing the Digital Retail Experience in Saudi Arabia Led by A Trailblazing Trio
It is known as Digital Retail when one needs to buy and sell anything through an online platform. It can be a Shop, an Enterprise, a Warehouse, a Company, or an Organization. It is technically a business that oversees the digital retailing experience in the buying and selling of products. Digital Retail is also another word and phrase given for E-Commerce shopping. A Digital Retail Experience can cover several features and services such as Promoting and Selling products and services, Supply Chain Logistics, Marketing, Advertising, and Customer Service. This strategy is adopted by businesses and companies to increase their sales and profits, attract more customers, engage with buyers, and provide a seamless and user-friendly shopping and retailing experience which ensures that 90% of the business transactions are done online and the rest 10% would just require an in-person verification at some point.
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There are some digital retail business marketplace platforms online that incorporate business models such as B2B or B2C, and more. When other shops and business organizations, brands, and companies, especially Small and Medium-Sized businesses (SMEs), need to purchase products be it in a small stock or bulk, reach out to big marketplace retailing platforms online and place the orders for the required products. This strategy that startups and entrepreneurs invest in creates a smooth digital retail experience platform that acts as a marketplace for purchasing inventory by SMEs.
Therefore in this article, we will be covering the entrepreneurial journey of a Riyadh-based digital distribution platform - Retailio Technologies for SME retailers and restaurants in The Kingdom of Saudi Arabia. The trailblazing trio behind this digital innovation and start-up idea that skyrocketed from its inception are Co-Founders - Muhammad Talha Ansari, Muhammad Nowkhaiz, and Wahaj Ahmed.
The Trailblazing trio - Co-Founders at Retailio Technologies:
The three trailblazers hailing from Riyadh, Kingdom of Saudi Arabia in The Middle East, who have been the rocks and foundations in bringing the idea of ‘digitally transforming retail in Saudi’ to fruition are - Muhammad Talha Ansari, Muhammad Nowkhaiz, and Wahaj Ahmed.
Muhammad Talha Ansari is a Co-founder and the Chief Executive Officer (CEO) at Retailio Technologies. Muhammad Talha received his Bachelor's Degree in Business Administration in Finance from The Institute of Business Administration. His very first working experience was as a Consumer Banking Intern. Thereafter he worked in varying positions such as Business Analyst and Venture Development Manager at Rocket Internet, CEO and Managing Director of Foodpanda, Senior Director of Operations at Careem Network, and then finally co-founded Retailio alongside his other two partners. Inspired to solve problems and complexities, Muhammad Talha Ansari’s skills and knowledge in Tech and Process Automation have helped in building and following three work ethics that he values - Agility, Boldness, and Collaboration.
Muhammad Nowkhaiz is the 2nd Co-founder and the Chief Experience Officer (CXO) at Retailio. He has a Bachelor’s Degree in Economics and Political Sciences from Lahore University of Management Sciences and has thereafter worked in varying positions and roles before co-founding Retailio. From working as a Growth Manager at Bagit to being the Founding and Strategic Head at Shopistan, to being the CEO and Co-founder of Tazadaily, and then the Strategic Head again at Careem Network, Muhammad Nowkhaiz partnered up with Muhammad Talha Ansari and a third co-founder to unveil a B2B digital distribution marketplace platform for SMEs.
Wahaj Ahmed is the Chief Revenue Officer (CRO) and acting Chief Human Resource Officer (CHRO) apart from being the third Co-founding member alongside Muhammad Talha Ansari and Muhammad Nowkhaiz, at Retailio. Wahaj Ahmed has a Bachelor’s Degree in Accounting and Finance as well as in Computer Science from Lahore University of Management Sciences. He too has experience working in HR roles and positions, as a Marketing Manager, Assistant General Manager at Careem Network, Associate at McKinsey&Company, and then finally working as CRO and acting CHRO at Retailio.
These three inspiring hard workers have banded together and founded Retailio Technologies to “economically empower the Saudi Arabian region by supercharging trade through technology”.
Visit Entrepreneur Gulf for more content on interesting articles.
Retailio Technologies:
Retailio Saudi Arabia was established in the year 2020, in Riyadh, Kingdom of Saudi Arabia, and provides its services to SMEs such as manufacturers, wholesalers, and distributors in being able to access a diverse range of retailers that offer products of over 5000+ SKUs (Stock Keeping Units) through a Business-to-Business (B2B) operational model. The marketplace brand is a digital distribution platform that has its operations in the regions of the MENAP (Middle East, North Africa, Afghanistan, and Pakistan).
“We’re not just providing a service, we’re driving a paradigm shift towards the next-gen Saudi Retail experience!” - Retailio.
Retailio’s purpose is to simply improve the lives of the untouched and unmet portions and areas of societies and communities in Saudi Arabia through the help of technology and digital platforms. Retailio is built on strong values that form and help people understand what they can contribute and help achieve from the services that they provide - We are the Owners. Dream Big and Start Small. Enjoy the Journey Together, Humbly and Respectfully, and Surprise Customers with their impactful and revolutionizing services in Saudi Arabia Retail Innovation.
To take the retailing business to the next level, the Co-founding trio came up with elevating, revamping, and redefining a marketplace platform and “Digitalizing Traditional Trade” to meet better customer expectations and experiences. Retailio has served more than 300+ communities in Riyadh and other regions of Saudi Arabia and has over 50,000+ retail establishments actively operating, and this has positively contributed to receiving over 1,000,000+ orders from the app. Saudi Arabia's E-Commerce Growth is improved by Retailio’s one-stop solution, with a 24-hour free delivery service provided with price matching rates, and ensuring that the platform provides a quick, easy, reliable, and seamless navigation, process, and handling.
Visit More : https://entrepreneurgulf.com/retailo-revolutionizing-the-digital-retail-experience-in-saudi-arabia-led-by-a-trailblazing-trio/
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shahananasrin-blog · 1 year ago
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[ad_1] LAHORE:The Lahore Electric Supply Company (Lesco) recovered a total of Rs159.34 million from 6,246 dead defaulters in all its circles during the last seven days of its recovery campaign. Lesco spokesman told media here Tuesday that for the recovery campaign started on September 13, the Lahore Division’s Commissioner had assigned additional charge of Tehsildar Recovery (from Lesco defaulters) to relevant Tehsildars, while Lesco CEO Engineer Shahid Haidar designated four senior officers to assist them. He said that Lesco recovered a total of Rs159.34m from 6,246 dead defaulters in all its circles. He elaborated Chief Engineer O&M (T&G) Zafar Iqbal with the support of Tehsildar City and Tehsildar Shalimar recovered Rs23.46m from 723 defaulters in Northern Circle and Rs23.55m from 861 defaulters in Eastern Circle respectively.Lesco Manager E&S (PMU) Engineer Abbas Ali in collaboration with Naib Tehsildar Kasur and Okara recovered Rs12.51m from 844 defaulters in Okara Circle and Rs34.85 million from 1,584 defaulters in Kasur Circle. On the seventh day, Tuesday, Lesco recovered a total of Rs23.66 million from 806 dead defaulters. Lesco recovered outstanding dues of Rs3.40m from 106 defaulters in Northern Circle, Rs3.60m from 116 defaulters in Eastern Circle, Rs4.94 million from 128 defaulters in Central Circle, Rs1.03m from 35 defaulters in South Circle, Rs1.54m from 40 defaulters in Nankana Circle, Rs2.23m from 45 defaulters in Sheikhupura Circle, Rs2.09m from 145 defaulters in Okara Circle and Rs4.83m from 191 defaulters in Kasur Circle.Wapda employee caught stealing electricityLesco SDO conducted a raid in Rehmanpura area. Taimur Ali, Account Assistant, Wapda was caught stealing electricity by tampering the meter. His power connection was disconnected and 3,000 units were charged as a detection bill with a total amount of Rs180,000. And the application for registration of FIR was submitted to the police station concerned.Meanwhile, Abdul Razzaq, Kissan Ittehad leader was running a tube-well with direct power supply. The accused was already included in the list of dead defaulters. He was arrested after lodging an FIR. [ad_2]
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printnpackpk · 4 years ago
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Finding a professional stationery company in this era is not less than fighting on a battlefield. But to save your time and money, it is very important to find a well-reputed company. It is difficult but not impossible. You can find a good stationery supplier easily by the guidelines below:
Searching
Nowadays, searching for the internet resolves many problems. You can easily search for the best companies from all kinds of services on the internet. Thus, when you are looking for the Best office supplies in Lahore, you can simply Google it. You will find many professional companies right in front of you. It is the easiest way to search for professional stationery stores by sitting at home. But you must have to stay on the first page of Google as the professional companies always stay on the first page. Note at least four professional looking websites. Check their online stores as well, either they have all your required office accessories or not so, that you don’t have to start your search again.  
Read reviews
Reading reviews of people is essential. It is the only way by which you can find the status and services of companies. If people are satisfied with the services, then you can easily hire them but in case people are not happy then exempt the company from your research. By seeing reviews, only two companies will move forward.
Comparison
Now compare the services of the remaining two companies on your own. You can easily find the best results in regards to both companies. In your mind, you will have a rough image of the best company. It will be helpful in the selection of one company. Try to compare both companies in all regards.
Get quotation
Now you have a rough image in your mind, you just need to get the quote from both professional companies. By seeing both quotes, you will have an idea about their rates and the selection will be easier.
Visit the company
You can also visit the company if your order is bigger and you don’t want to trust anyone. The companies facilitate their clients if they are not offering online services only.
Place order
it is not essential to visit before placing an order. You can check the quality by buying a few products. you will have a good idea about the services of the company and it will be the best way to make yourself satisfied in that regard. After that place your order for all the office supplies and get the best products by sitting at home.
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dpr-lahore-division · 4 months ago
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With compliments from, the Directorate General of Public Relations,
Government of the Punjab, Lahore Ph. 99201390
No.3093/Dr. Abid Salimi/Umer
HANDOUT (A)
Lahore, August 1:
With 360 millimeters of rain, provincial capital Lahore has broken a 44-year-old record. No rain emergency has been declared in the city; however, people are advised to avoid unnecessary travel during the rain.
Commissioner Lahore Zaid Bin Maqsood visited the WASA head office and toured the city today to review the rain situation and water drainage operations. MD WASA briefed the commissioner on the arrangements for the drainage operations.
The Lahore commissioner appealed to the citizens to prevent children from playing in the rainwater to remain safe from the electric shock. He also advised the citizens to stay away from electric poles. LESCO has been mobilized, and their teams are inspecting different areas to restore the electricity supply, he added.
He mentioned that drainage operations are ongoing and traffic police have been directed to ensure smooth traffic flow. All areas are equally focused on for drainage as WASA teams are working to drain-out the water, he said. The district administration is also present in the field, utilizing all available resources for drainage. He stated that machinery at pumping points is operating at full capacity and concerned officers are continuously monitoring the situation. Similarly, WASA's emergency response camps and field staff are active throughout the city for drainage. The generators of the machinery working in the field will be kept operational until complete drainage is achieved, concluded the commissioner.
******
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bestdentalclinicinlahore · 3 years ago
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How To Choose The Greatest Dentist For Your self
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sundasch · 4 years ago
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Future-oriented Digital Services for maximum more efficient supply chains.
Since its foundation in 1992, Bismillah Logistics Company has developed into one of the largest international logistics providers. With our high-performance products Airfreight, Sea freight, Road & Rail, and Contract Logistics, we always offer the right solution for the complex logistics requirements of our customers and rely on future-oriented digital services for maximum transparency and more efficient supply chains. Bismillah Logistics Company remains a family business 28 years after its foundation. We are proud of that. And that is why we are committed to what family means: integrity, understanding, trust, and cooperation. This is the basis of our corporate DNA. Our common goal is to ensure the long-term development of Hellmann so that the company can continue to offer many opportunities for future generations. Bismillah Logistics Company Global airfreight is a highly dynamic business with constantly changing demands and capacities. In this volatile environment, we will be your reliable partner allowing you to focus on your business while we take care of your airfreight logistics. With a wide range of products, service levels, and value-added services, we are sure to find the right solution for you.
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Bismillah Logistics Company Whether direct transport (FTL/FCL) or groupage (LTL /LCL) - thanks to innovative technologies and excellent personnel, we can offer you transport solutions that are tailored to your requirements. Benefit from fast transit times, reliable capacities, a wide range of products, and unrivaled service quality. Every day, our fleet of trucks ensures that your transports find their destination quickly and cost-effectively. As a member of leading cooperation’s, we have a German-wide network at our disposal. And with experienced customs agents, we provide the level of security you need for your economic success throughout Europe. From the first analysis to the implementation, Bismillah Logistics Company develops sustainable logistics strategies tailored to the individual requirements. From the supplier to the end customer, we accompany you along the entire supply chain, including inbound logistics, warehousing, inventory management, distribution, after-sales, and reverse logistics. With our extensive knowledge of the industry and the latest expertise in innovative warehouse technologies, we operate worldwide and optimize your company's process flows. Our goal is always to deliver the best quality while keeping your costs under control. Our modern warehouse management system enables maximum transparency, continuity, and security, as well as smooth reactions to changing requirements. Our licensed customs agents and entry writers are available to assist you worldwide ensuring that the import and export clearance of your shipments is stress-free in the thicket of international trade regulations. Rely on the global presence of our customs brokers, their unmatched local market knowledge, and our legacy of 28 years in logistics. Customs clearance is an integral part of any end-to-end supply chain solution. But due to the complexity of customs regulations, duties, related fees, and taxes, you need a partner at your side who can keep track of everything. We are experienced in customs clearance, CBP regulations, import and export logistics, reconciliation, and cross-border. We can advise you on how to set up your trade compliance procedures. Bismillah Logistics Company focuses on each trade regime and takes a focused approach to each client's needs and requirements. Also, we provide Customs Compliance Advisory Services to our customers as an added value to assist with all compliance needs. And above, we offer real-time visibility to the brokerage entry process, providing complete transparency and peace of mind. Where service ends with others, it starts with us. As a full-service logistics provider, we take this approach literally. With a wide range of value-added services, we complement our core segment to make the world easier for you. Rely on unmatched service from the Bismillah Logistics Company and a range of specialized services that leaves nothing to be desired. Bismillah Logistics Company delivers documents, parcels, pallets, or larger consignments without dimensional or weight restrictions all over Pakistan and also worldwide. Bismillah Logistics Company offers you individual solutions with the shortest transit times: Transports without reloading for particularly urgent, sensitive, or valuable goods - also unpacked. But Bismillah Logistic Company is also the partner of your choice for national and international procurement orders. With a wide range of value-added services, we complement our core segment to make the world easier for you.
Courtesy: Best logistics company in Lahore
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chaoticpiratecrusade · 4 years ago
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Forwarding services and Large scale complex projects involving shipment
Bismillah Logistics Company is getting back by an extensive network of dedicated overseas partners has a strong presence in all key markets and is ideally positioned to support customers in reaching their transportation goals through about all countries of the globe. Experienced freight specialists evaluate customer’s time and cost requirements and use their expertise to ensure cargo arrives safely and as expeditiously as possible, by air, sea and land. Bismillah Logistics Company are offering our services in various parts of the world for sake of direct shipments to the consuming areas in most competitive & qualitative manners as per demand & supply. The constant expansion of our network and the evolution of transportation means, including full container and road services, enabled us to grow a large experience in the cross trading business. Door-to-door services locally covered by our network partner offices assure our customers for all their fields of activity, be it rolling material, project cargo, general cargo, full or part load, effective cost saving, time minimizing real time control of all operations. Bismillah Logistics Company is one of the growing international forwarders and logistic operators in Pakistan. Its main business is focused on worldwide sea, air and road transportation. Endowed with a unique capacity of blending the dynamic thrust of a worldwide network with a customer friendly desk assistance, we deliver solutions encompassing full supply chain services and dedicated logistics for our worldwide clients through freight forwarding, warehousing, customs and distribution services thus assuring our customers a complete package of skills and services that may support their business expansion to its full extent.
Efficient supply chain management gives business a competitive edge. That is why Bismillah Logistics Company (Pvt) Ltd., has evolved from a traditional freight forwarder into a modern integrated logistics supplier. Bismillah Logistics Company works in partnership with our customers to manage their intercontinental shipments and their associated supply chain needs. Bismillah Logistics Company becomes an integral part of the business process taking full responsibility or entire supply chain, no matter how complex or diverse it may be. Bismillah Logistics Company Providing at all times full information upon cargo status, we offer clients the opportunity to check possibilities with our available services range. Main consolidation and transshipping hub in Karachi – Pakistan. 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Dealing with chemicals and tank containers requires specialist knowledge which we can acquired through our representative in different countries like Italy is one of the largest worldwide tank operator. Safety in operating the tank-containers is of prime concern, which is why each of the tanks carried is inspected and serviced methodically and regularly after each use. Bismillah Logistics Company, assures customers a fully comprehensive range of services for inbound, outbound and cross-trading movements extending from LCL consolidation to oversize project movements on vessels worldwide. The long-term partnership requirement enable carrier’s policy characterizing our activity allows fast, reliable links between the world commercial centers. Frequent departures give our customers the freedom to run flexible supply chains. High standard processing ensures prompt dispatch and delivery, cost saving and maximum security. In Bismillah Logistics Company, Airfreight demands quick solutions leading to total Bismillah Logistics Company management and in time answers. If vessel schedule is tight and local transportation takes more time in logically manners then our choice will be domestic competitive airfreight services enable us to get booking through air freight up-to Sea Port. To this purpose we conceived a tariff structure that could help clients in easily defining the service they need and its related cost. Bismillah Logistics Company has Air compact structures the tariffs in accordance to the air service offered based on three different standard classes: First class, Economy and Door delivery etc. Efficient Bismillah Logistics Company management gives business a competitive edge. That is why Bismillah Logistics Company has evolved from a traditional freight forwarder into a modern integrated logistics supplier. We work in partnership with our customers to manage their intercontinental shipments and their associated supply chain needs. Bismillah Logistics Company becomes an integral part of the business process taking full responsibility or entire supply chain, no matter how complex or diverse it may be. Bismillah Logistics Company Providing at all times full information upon cargo status, we offer clients the opportunity to check possibilities with our available services range. Bismillah Logistics Company works in partnership with our customers to manage their intercontinental shipments and their associated supply chain needs. We may become an integral part of the business process taking full responsibility or entire supply chain, no matter how complex or diverse it may be. Bismillah Logistics Company Providing at all times full information upon cargo status, we offer clients the opportunity to check possibilities with our available services range. Bismillah Logistics Company are offering our services in various parts of the world for sake of direct shipments to the consuming areas in most competitive & qualitative manners as per demand & supply. The constant expansion of our network and the evolution of transportation means, including full container and road services, enabled us to grow a large experience in the cross trading business. Door-to-door services locally covered by our network partner offices assure our customers for all their fields of activity, be it rolling material, project cargo, general cargo, full or part load, effective cost-saving, time minimizing real time control of all operations. Efficient Bismillah Logistics Company management gives business a competitive edge. That is why Bismillah Logistics Company has evolved from a traditional freight forwarder into a modern integrated logistics supplier. We work in partnership with our customers to manage their intercontinental shipments and their associated supply chain needs. Bismillah Logistics Company becomes an integral part of the business process taking full responsibility or entire supply chain, no matter how complex or diverse it may be. Bismillah Logistics Company Providing at all times full information upon cargo status, we offer clients the opportunity to check possibilities with our available services range.
Courtesy: Best logistics company in Lahore
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fastworldnews1 · 4 years ago
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Shahzad rejects Tareen’s objections to sugar probe
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Special Ass­istant to the Prime Min­ister on Interior and Accoun­tability Shahzad Akbar reiterated on Saturday that strict action would be taken against those involved in the sugar crisis and the manipulators behind the hike in its prices.
Speaking at a press conference here, he said that inquiry into the sugar scandal was being carried out impartially as per the law.
He said there were reports that sugar prices wou­ld be increased in Ramazan, adding that action had been taken against those who were invo­lved in artificial price hike through speculation.
“To check artificial price hike of sugar through speculation, ex-mill price of sugar has been fixed at Rs80 per kilogram in Punjab,” the SAPM said. “None of the governments in the past has done so.”
Responding to the allegations made by estranged PTI leader Jahangir Tareen, Mr Akbar said: “No one is being targeted as this investigation is not person-specific.”
He referred to the objections raised in front of media by Mr Tareen a day earlier over the allegations of fraudulently misappropriating shareholder’s money and committing money laundering through the sugar business by the Federal Investigation Agency (FIA).
Mr Akbar said that Mr Tareen’s reservations that he was being targeted in the inquiry were “incorrect and the inquiry is being carried out impartially”.
The special assistant started his media talk by giving a brief background of the history of sugar crises in the country, which dates back to Gen Ayub Khan’s era. He said that the federal cabinet had ordered an inquiry into the sugar crisis in May last year after FIA-led inquiry commission submitted its report.
Mr Akbar said that he was facing immense pressure during the process and all stakeholders, including the Pakistan Sugar Mills Association, had voiced concern against the ongoing inquiry.
“Accountability is not an easy task. You cannot make friends while doing it,” he remarked.
He said that actions were being taken against those involved in the sugar scam on the recommendations of the sugar commission report that was transparent and the government had not provided protection to anyone.
The special assistant said that three FIRs had been registered in the light of the findings of the report.
“The sugar mills have been manipulating the situation. Since ex-mill price is not determined by the authorities, the vacuum gives space to profit mafia and these are the people who neither own mills nor are sugarcane growers and not even authorised dealers, but they operate the network of price setting through verbal communications,” he said.
“FIA officials in Karachi and Lahore conducted operations against these manipulators and confiscated their laptops and mobile phone sets, and it was unearthed that there were 16 WhatsApp groups to set future sugar price,” he said.
“However the sugar mills too are not innocent and they are part of this chain and benefit from these price manipulations,” Mr Akbar added.
He said that the “additional benefits” were deposited in fake or benami bank accounts. Only in the Lahore zone of FIA, 10 FIRs had been registered against 40 major manipulators or brokers operating 464 personal bank accounts which showed Rs106 billion turnover during this season, he said. These accounts had been frozen and based on the ledgers of these accounts, 392 fake/benami personal bank accounts had been identified, showing a turnover of Rs666bn, he said. But these accounts have not yet been frozen and their data has been forwarded to the State Bank of Pakistan and the FBR for action under the “know your customer” (KYC) regime.
The special assistant also spoke about the new provincial law titled “Punjab Prevention of Speculation in Essential Commodities Ordinance 2021, which has been enforced recently.
He said that the law covered sugar, edible oil, ghee, wheat flour and rice, and price speculations of these items had been made a crime under it.
“Besides the whole supply chain of sugar has been streamlined through only two offices, that of the cane commissioner and the relevant deputy commissioner,” he added.
He highlighted that the sugar inquiry commission report was presented to the federal government in May 2020 and at that time three types of actions were taken -- penal action, administrative action and legislative reforms.
“The journey from May 2020 till now was not an easy task, he said. The Federal Board of Revenue was asked to launch a forensic audit of the sugar companies.
Mr Akbar said that revenue generation from the sugar industry had shown 100 per cent increase and the FBR had found out the embezzlement of taxes in sugar industry amounting Rs400bn in five years and taken action against sugar mills in Punjab and Sindh involved in it.
“The sugar commission report was challenged in the courts but the courts upheld the report and asked the government to take action,” Mr Akbar said, adding that the report had recommended investigations against nine major sugar mills.
He said that the Competition Commission of Pakistan (CCP) had started to impose fines on sugar mills as the stay order on CCP orders had been vacated by the courts due to efforts made by the government.
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dailyjobsguide-blog · 4 years ago
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PPSC Jobs 2020 for Senior Scientist, Senior Scientist Cotton & Fiber Crops, Scientific Officer, Principal, Deputy Director & Assistant Director
PPSC Jobs 2020 for Senior Scientist, Senior Scientist Cotton & Fiber Crops, Scientific Officer, Principal, Deputy Director & Assistant Director Latest
Positions:
Agriculture Department
Senior scientist In Agriculture Chemistry, Social Bacteriology
Senior Scientist Cotton , Fiber Crops, Cereals, Wheat & Vegetables
Special Education  Department
Scientific Officer Agronomy (BS-17)
Communication and Works Department
Deputy Director Architecture and Landscaping  (BS-17)
Assistant Director Architecture and Landscaping  (BS-17)
Other Details:
1CountryPakistan
2Published Date13 November 2020
3Last Date to Apply30 November 2020
4Newspaper NameExpress News
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Causes of unemployment
Unemployment is caused by different/ various reasons that come from both the demand, employer, supply or the worker side. From the demand side, it may be caused by the interest rate and financial crisis. From supply side, frictional unemployment and structural employment play a vital role in this regard. The major cause could be not functioning of the bigger companies and lack of different development projects. The effect of unemployment can lead towards the different small and lethal, devastating conclusions. It can turn society to the shore of fire where people tend towards the materialistic nature.
Daily Jobs Guide
Keeping in view the current situation the rate of unemployment is huge rather than the ones who have different jobs. Most of the people couldn’t even find a good job for themselves. There could be many reasons such as non-availability of resources, not having enough knowledge of usage of modern digital technology resources to find the latest jobs. Some have knowledge about the educational background but don’t understand the method to apply for the job. So here on the Daily Jobs Guide platform, we are bringing you all the solutions.
You will get latest jobs ads in one place rather than manually searching from one another. In this way, your time consumption will be less and increase productivity. We will try our best to share the accurate data with all the jobs seeker such as date of published, last date of application, the newspaper or the resources from where we are bringing those latest jobs for you. We are also bringing you a YouTube video guide for the latest jobs in which we will explain the method to apply for the latest jobs and discuss different exams so you can get benefit from our platform and we will play our little part by helping you. All the data collection is done from different well-known newspapers so you can find the relevant all the latest jobs in 2020 at one place which is Daily Jobs Guide.
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We have made it easy to search for the specific job that you are looking for. We made the main menu from where you can move towards the latest jobs with continuously offering departments. Also, you can search for the latest jobs in 2020 from our separated or categorized section. We have separated the job section like you can search the jobs by the newspaper, public service commission jobs, armed forces jobs, police services jobs from all around the country.
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We have collected jobs from various public, govt, semi govt department like latest jobs in Nadra in 2020, PPSC jobs 2020, jobs in Pakistan, FPSC jobs in 2020 and from different cities of Pakistan like jobs in Lahore, Jobs in Karachi, jobs in Peshawar etc.
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Top five tips before the interview:
Reread the job description.
Start by researching the company and your interviewers.
Prepare a list of references.
Prepare smart questions for your interviewers.
Get the help of a friend to practice answering questions.
Tips to know during the interview:
Bring a set of copies of your resume, a notebook and a pen.
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mateenaltaf · 5 years ago
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Role of State Bank of Pakistan In Economic Development Of The Country
Introduction: The first central bank was established in Geneva in 1578. After the World War I, a conference was held in Brussels in 1920 and it was decided that every country must set up its central bank.
WHAT IS CENTRAL BANK?
“Central bank is a special institution whose customers are commercial banks and state.”
According to R. P. Kent:
“An institution that is charged with the responsibility of managing the expansion and contraction of the volume of money in the interest of the general public welfare.”
State Bank of Pakistan: Central bank of Pakistan is the “State Bank of Pakistan”. State bank of Pakistan was established on 1st July 1948. Quaid-i-Azam Muhammad Ali Jinnah performed its opening ceremony. Now, it is working under the State Bank of Pakistan Act 1956.
WHAT IS ECONOMIC DEVELOPMENT?
Definition:
“It refers to the process whereby the total supply of goods and services of the society increases leading towards improved living standards.”
According to Micheal P. Todaro:
“Development must be conceived for as a multi-dimensional process involving major change in social structures, popular attitudes and national institutions as well as the acceleration of eco-growth, the eradication of poverty and reduction of inequality of wealth.”
ROLE -OR- IMPORTANCE IN ECONOMIC DEVELOPMENT
State bank of Pakistan plays an important role in the process of economic development, which is clear from the following points:
Issue of Notes
State bank of Pakistan has monopoly in issuing currency notes. 5, 10, 50, 100 rupee notes are issued by the bank on 12 July 1976. Note of 500 rupee was issued on 1st April 1986 and 1000 rupee note was issued on 18th July 1987. At present note of Rs.5000 is also issued by the state bank of Pakistan. The state bank has three offices of issue, situated at Karachi, Lahore and Peshawar.
Banker to the Government
It is the bank of federal as well as provincial government. Its functions for the Govt. are:
Bank issued new notes on the behalf of government
Bank also accepts the government cheques and drafts
State bank responsible for transferring government funds at international level
Bank arranges the public debts of federal and provincial government
Bank receives no commission form the government
It holds federal and provincial government securities
State bank is liable for the payment of salaries and pension to government employees
Banker’s Bank
State bank of Pakistan is the bank of all commercial banks working in Pakistan. SBP started to spend $ 24.00 million in October 2002, with the assistance of World Bank for data warehousing, networking, application of software and other banking solutions.
State bank provides loans to commercial banks at the time of need
Commercial banks re-discount their bills of exchange from state bank
State bank can sell, purchase and hold debentures of any banking company or of any other financing corporation
Clearing House
State bank of Pakistan acts as the clearing-house for the commercial banks working within the country.
It shows the financial position of various banks
Clearing-house helps commercial banks to settle inter-bank transactions
It reduces the excessive use of cash
It controls the harmful competition among banks
Adviser to Government
State bank of Pakistan works as an adviser to federal and provincial government.
It guides the government in financial and economic matters
State bank assists the government in various credit schemes
It informs the government about the monetary and fiscal situations of economy
State bank helps the government in making investments
Lender of Last Resort
The state bake of Pakistan also acts as the lender of the last resort for the commercial banks. When commercial banks are in crisis and have shortage of cash, then state bank comes to their help. State bank may help the commercial banks by rediscounting their bills of exchange and by advancing loans against securities.
Controller of Credit
A national credit consultative council was setup in 1972 for the purpose of monitoring and controlling credit. Credit and investment are the most important economic and fiscal variable. State bank helps to arrange the credit and investment facilities. State bank has adopted following tools to control credit:
Open market operation
Bank rate policy
Changes in reserves ratio
Changes in margin requirements
Change in liquidity ratio
Moral persuasion and publicity
Economic Growth
State bank of Pakistan played a very significant role in the growth of the banking infrastructure. It gives special importance towards the development of capital market in the country. It also provides assistance to the government in development planning and poverty reduction programmers. All this results in economic growth and development. Real GDP growth rate is 2.4 % during FY 2010-11.
Growth of Credit Institutions
State bank develops the atmosphere for the development of credit institutions. Such credit institutions are very useful for meeting medium and long-term credit needs of various economic sectors. These institutions are included HBFC, ICP, NDFC, EPF, NIT, IDBP & ZTBL etc.
Growth of Money Market
Money market is not at its best level in Pakistan. Due to illiteracy banking situations are not favorable. State banks give much importance in the growth and development of money market. Economic development is impossible without the growth of money market. Growth rate of banking sector is 17.0%.
Value of Rupee
State bank of Pakistan is responsible for the maintenance of the external value of rupee. State bank is the controller of exchange rate in the country. Till September 1971, Pakistani rupee remained linked to UK Pound and it was de-linked from pound and linked to US Dollar.
Special Funds for Development
The major aim of state bank is not to earn profit. But its effective working gives him huge amount of profit. These profits are allocated towards establishment of various funds for economic progress and prosperity. It established Rural Credit Fund in 1961 and Export Credit Fund in 1972.
Debts Management
Our scarce resources and government polices are not able to run the mega projects which needed heavy amount of resources. Due to shortage of resources government has to depend upon other rich nations. All these arrangement are the responsibility of the state bank on the behalf of government.
Foreign Exchange Reserves
State bank of Pakistan is also the custodian of gold, silver and foreign exchange reserves. It regulates foreign exchange reserve in accordance with foreign exchange Act 1947. Pakistan has shortage in foreign exchange reserves. Its volume of foreign exchange reserves is only $12.34 billion in 2007-08. In July 2007, foreign exchange reserves were $15.646 billion out of which state bank of Pakistan has $ 4.3213 billion. At present foreign exchange reserves of Pakistan are $ 17.1 billion.
Exchange Center
State bank issued licenses to different commercial banks to hold foreign exchange. Such license holders can also deal in foreign exchange at authorized rates. These exchange centers are very helpful in mobilizing the resources.
International Relations
State bank of Pakistan maintains relations with different international financial institutions such as IMF, WBG, etc. It negotiates different contracts with these institutions on the behalf of government.
Economic Information
State bank collects the information all over the country and world throughout the year. It also annually published its report, which is an extremely important document. This exact information is very helpful in making economic planning which is necessary for the economic development.
Conclusion:
All above points are showing that state bank of Pakistan has an important position in our economic and financial infrastructure. Without an effective role of state bank, economic development is impossible.
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