News Update Times

Karachi (Muhammad Yasir) Gas & Oil Pakistan Limited (GO), Pakistan’s fastest growing oil marketing company has been granted permission by Oil & Gas Regulatory Authority (OGRA) to operate additional petrol storage facility of 8,050 MTs recently completed at their depot located in KPK. This brings the total petrol storage of the company in KPK to more than 9,600 MTs, which is more than 60% of the total petrol storage of all OMCs in the province.

This major milestone will allow GO to further expand its retail network in the KPK province by more than 200 retail outlets and will and will further strengthen GO’s commitment to ensuring adequate fuel storage across Pakistan.

Commenting on the development, Chief Executive Officer, Khalid Riaz said, “With this expansion, we intend to meet the fuelling needs of the people of KPK and firmly establish GO as a truly national player in the country. As a Pakistani company, we are proud that we will be adding new sites to our growing network which is already the largest in the private sector in Pakistan.”

The company’s announcement is part of its ambitious business growth strategy that will enable GO to cater to customers round-the-clock, in all seasons and in every situation. The company operates more than 900 retail outlets including the M5 Sukkur – Multan Motorway with Executive Washrooms.

Lahore (Muhammad Yasir) Leading global B2B e-commerce marketplace, Alibaba.com held a Seller Summit; titled ‘Unlock Business Growth Code’ in Sialkot to bring Pakistani sellers aboard its platform, thereby helping them to access over 200 markets globally. The summit featured talks by representatives of Alibaba.com, local trade associations, senior government officials and a number of successful online sellers.

Alibaba is one of largest business-to-business marketplace platforms that drive global e-commerce and continue to register substantial growth by the day. The company is actively working to tap into Pakistan’s unexplored potential for e-commerce and has launched multiple similar initiatives in the recent past. According to business estimates, Pakistan is expected to witness an annual growth of 28% in e-commerce in the next 3 years, crowning it as one of the biggest exporters of online goods.

The Sialkot Summit will help Alibaba reach out to local micro, small and medium scale businesses, who can grow their businesses by selling through Alibaba’s platform. In order to ensure sustainability of the new businesses, particularly those who were affected by the COVID-19 pandemic, Alibaba.com will extend support services like advertising, logistics, payments and daily operations systems. The platform will help the SMEs connect with new buyers and explore new markets globally. 

The summit featured roundtable conference and keynote speeches of important stakeholders for exchange of ideas and consultation in order to chalk out a clear pathway for growth of local businesses and exports.

Speaking at the event, Head of Alibaba.com, APAC, Mr. Stephen Kuo said we are thrilled by the enthusiasm and keenness of local business leaders and entrepreneurs to explore new horizons. There is a lot of untapped potential for growth of e-commerce in Pakistan and Alibaba.com wishes to help unlock it for sustainable economic growth of SMEs and in turn the national economy. He said that the ecommerce giant will fully support local sellers by helping them start their business online, right from setting up their stores, uploading products to logistics and operations. He further said, the collaborative arrangement will create unprecedented shared value and facilitate mutual growth in the long run.

Also speaking, Vice President, Sialkot Chamber of Commerce and Industry, Ms. Shabina said, we are thankful to Alibaba.com for its efforts to open newer avenues for local businesses to enhance their sales and profitability. The world is changing fast through digitization; therefore traditional businesses should also change for good. E-commerce is the future and is beneficial for the small and medium business holders because it is less effort and operational cost for better revenues. Through, Alibaba’s global platform, our businesses can access markets all over the world and contribute effectively to the national economy.

Islamabad (Muhammad Yasir) foodpanda and Islamabad United Join Hands – foodpanda Pakistan, the nation’s leading online food and grocery delivery platform has announced their collaboration with the most successful franchise and two time champions ‘Islamabad United’ led by Shadab Khan and owned by Ali Naqvi. foodpanda has been named the Official Q-Commerce Partner of Islamabad United.

This is the first time that ISLU will play in foodpanda PINK kits for all their away matches and it’s the first time any team has changed the colour of their kit for a strategic partnership.

Syed Waqas Azhar, Director Marketing at foodpanda Pakistan said:
“The strategic partnership between the giants foodpanda and ISLU, seeks to combine two of the nation’s biggest passion points, food and cricket. With this collaboration, we intend to leverage our combined audiences to create an unforgettable impact, and set the tone for the 2022 cricket season. Celebrating the love for cricket and the love for food, is a partnership which will surely be a massive success.”

Speaking of the collaboration, team owner ISLU, Ali Naqvi said:
“We are pleased to partner with one of the most renowned online platforms in Pakistan. Their reach across Pakistan is unparalleled and their values of professionalism and excellence are ones that we share. Thus, it’s obviously a natural partnership for us.”

Islamabad United is the most successful franchise in HBL PSL history. Being the only team to win multiple titles and owning the highest win percentage in league history, the franchise believes in bringing change to Pakistani sports. ISLU has been able to introduce international standards of practice and a commitment to continuous growth and progress. Since the start of the HBL PSL no franchise has inducted more players into the Pakistan national team than ISLU.

foodpanda Pakistan is the country’s leading online delivery marketplace, offering a convenient app and web-based platform to order food, groceries and essential items nationwide. With over 20,000 restaurants, homechefs, shops and pandamart stores across more than 40 cities, foodpanda aims to generate business growth and create employment opportunities for Pakistanis all over the country.