Day: May 7, 2024

onic, Pakistan’s first digital telecommunication brand, dedicated to enhancing the lives of its consumers, is thrilled to announce a strategic partnership with foodpanda, the country’s premier online delivery platform.

This collaboration marks a significant milestone in onic’s journey to enhance its digital offerings and create a comprehensive digital lifestyle ecosystem for its users.

Through this partnership, onic aims to integrate foodpanda’s robust delivery services into its existing digital platform, providing customers with seamless access to a diverse range of culinary options at their fingertips at greater prices.

By leveraging foodpanda’s extensive network of restaurants and delivery capabilities, onic will empower users to order food and groceries conveniently with the vouchers provided. The partnership was solidified between Omer Bin Tariq, Head of Pakistan for onic and Muntaqa Peracha, CEO, foodpanda.

Commenting on the partnership, Hatem Bamatraf, President and Group CEO, PTCL and Ufone 4G, s
tated: ‘We are excited to join hands with foodpanda to elevate the digital lifestyle experience for our customers. Pakistan’s market is rich with space to grow in and provide unparalleled services to our consumers. With this partnership, we are only delivering on the promise of a truly digital brand. While our core is digital telecommunication services, we want to also communicate to our consumers that we think of their everyday ease and needs. This is one of the first steps to providing a digital lifestyle brand to consumers in Pakistan.’

Muntaqa Peracha, CEO, foodpanda, expressed enthusiasm on the collaboration and stated: ‘We are thrilled to partner with onic to enhance our customers’ digital experience. This collaboration marks a significant milestone in the growth of digital services in Pakistan. With onic onboard, we aim to create a more robust and comprehensive approach to reaching and serving our consumers, ensuring a bigger and better experience for all.’

As part of this partnership, foodpanda will
offer users free pandapro subscriptions, on 100GB and 200GB plans, with unlimited free deliveries, up to 50% off selected restaurants and extra 5% discount on pickup.

Furthermore, onic and foodpanda will work closely to integrate foodpanda’s services seamlessly into the onic app, ensuring a smooth and intuitive experience. Additionally, both companies will explore opportunities for further collaboration and innovation to enhance the overall digital lifestyle ecosystem for users.

Source: Pro Pakistani

Japan has expressed confidence in Pakistan’s business friendly policies and has vowed to enhance its investment portfolio in the country.

The expression was made during meeting of a high level Japanese business delegation with Prime Minister Muhammad Shehbaz Sharif in Islamabad today.

The Prime Minister underscored the need to further promote the decades-long trade and investment ties between two countries in different sectors.

Highlighting the vast potential for investment in the automobile industry of Pakistan, the Prime Minister invited Japanese companies to take full advantage of it with their best technology.

He said problems faced by Japanese industrialists and businessmen expanding their businesses in Pakistan will be resolved within a week through a committee formed for this purpose.

On the occasion, the Japanese delegation said the investment focused approach and measures taken by the incumbent government of Pakistan will enhance investors’ confidence and increase the country’s exports.

Japane
se Ambassador to Pakistan who was accompanying the delegation, Wada Mitsuhiro informed the Prime Minister that a delegation of 20 well-known Japanese companies will visit Pakistan in July this year.

He said this will prove to be a milestone for the promotion of investment and trade between two countries.

Source: Radio Pakistan

The Federal Cabinet on Tuesday approved AirSial to start flight operations to seven more international destinations.

According to the details, the airline is allowed to start its flight operations in China, Malaysia, Sri Lanka, Thailand, Turkey, the United Kingdom and Kuwait.

The federal cabinet, chaired by Prime Minister Shehbaz Sharif, has approved new International routes for AirSial based on recommendations from the Ministry of Aviation under the National Aviation Policy 2023 and Air Services Agreement.

In addition to this decision, the cabinet deliberated on wheat import and procurement, as well as the overall economic conditions of the country. Finance Minister Muhammad Aurangzeb presented an overview of the economic situation.

Furthermore, discussions ensued regarding Saudi Arabia’s current investment status in Pakistan and the engagements of the Saudi delegation with Pakistani officials during their visit.

Lastly, the cabinet addressed the nation’s security situation during the meeting.

Source
: Pro Pakistani

Minister for Finance Muhammad Aurangzeb has termed Saudi delegation’s visit to Pakistan as successful.

Addressing a news conference along with Law Minister Azam Nazeer Tarar and Minister for Information and Broadcasting Attaullah Tarar in Islamabad today, has said confidence of investors is increasing on Pakistan due to its stable situation.

He said Saudi delegation evinced confidence in Pakistan’s economy. The Finance Minister said the country is heading in right direction.

He said the foreign exchange reserves have exceeded nine billion dollars while inflation has reduced from thirty eight percent to seventeen percent and it is gradually coming down.

Muhammad Aurangzeb said the IMF team is expected to visit Pakistan soon during which contours of a larger and longer program will be discussed.

He said government is focusing to ensure macro-economic stability and structural reforms.

The Finance Minister emphasized to enhance the tax to GDP ratio to thirteen to fourteen percent.

Addressing the news conf
erence, Minister for Information and Broadcasting Attaullah Tarar said the government is introducing reforms in multiple sectors to reduce expenditure.

He said the country’s economy is on the right track and all the indicators are positive.

The minister said after coming into power, steps were taken to reduce its expenses and privatization of loss-making public sector entities was part of that plan.

On his part, the Law Minister clarified that pension reforms will be across the board and carried out by taking parliament into confidence.

He said a committee headed by the Finance Minister is working on these reforms. He said matters pertaining to length of service are being discussed and there is a proposal to apply it on all institutions.

Source: Radio Pakistan

Tesla’s recent wave of layoffs has entered its fourth week, with employees from various departments reporting notices of termination, marking another blow to the electric car manufacturer’s workforce.

Reports from Electrek and Business Insider indicate that the latest round of layoffs has affected segments such as software development, services, and engineering within the company. Affected employees disclosed receiving layoff notifications over the weekend and into Monday.

While the exact number of impacted employees remains undisclosed, media sources noted at least seven individuals publicly sharing news of their layoffs on Sunday.

The ongoing layoffs commenced last month when Tesla initiated what was then reported to be a 10 percent reduction of its global workforce of approximately 140,000 employees. The initial layoffs included high-level executives such as Rebecca Tinucci, head of EV charging, along with her entire team, and Daniel Ho, head of the new vehicles program.

Tesla CEO Elon Musk emphasized
the necessity for organizational restructuring every five years and stressed the need for rigorous cost-cutting measures in an internal email to employees. Musk indicated that individuals working under executives failing to meet stringent performance criteria would face termination.

Amid reports of declining quarterly vehicle deliveries prompting Musk’s desire for significant workforce reductions, Tesla confronts financial challenges with sales and profits down 55 percent year-over-year. Intensified competition, coupled with reduced global demand for electric vehicles (EVs), contributes to the company’s current predicament.

In a strategic shift, Musk has pivoted Tesla’s focus towards autonomous driving technology, envisioning the company as a leader in self-driving vehicles. This redirection underscores Musk’s plans to unveil a fully autonomous robotaxi later this year.

As Tesla streamlines its operations to prioritize autonomous driving software, robotaxis, and innovative projects like the humanoid robot
Optimus, analysts speculate that certain departments may face budgetary constraints.

Last month, Tesla disclosed anticipations of incurring over $350 million in expenses related to the recent layoffs during the second quarter. Additionally, the company witnessed a series of executive departures, including Drew Baglino, Rohan Patel, Rebecca Tinucci, and Daniel Ho.

Source: Pro Pakistani

Pakistan and Kazakhstan have affirmed commitment to increase cooperation in IT and Telecom sector.

An understanding to this effect was reached during a meeting between Minister of State for Information Technology and Telecommunication, Shaza Fatima Khawaja and Ambassador of Kazakhstan to Pakistan, Yerzhan Kistafin in Islamabad today.

During meeting, the minister expressed Pakistan’s interest in strengthening ties with Kazakhstan in IT and telecom sector.

Speaking on the occasion, Ambassador Yerzhan Kistafin affirmed his country’s commitment to increase cooperation with Pakistan in IT and Telecom sector, emphasizing that ties between two countries in this domain would be further strengthened.

Source: Radio Pakistan