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Alibaba hosts ‘Pakistan Seller Summit’ in Sialkot

04:15 PM | 2 Jan, 2022
Alibaba hosts ‘Pakistan Seller Summit’ in Sialkot

LAHORE - Alibaba has held an event ‘Pakistan Seller Summit’ to welcome the local businesses to join this resourceful platform.

The event which was held in Sialkot the other day was addressed by leading experts from Alibaba, along with specialists of global logistics, senior bureaucrats, and officials from Pakistani trade associations, to train more than 200 participating entrepreneurs.

Alibaba is a globally leading digital platform and has now enabled access for the Pakistani businesses, allowing them to list their stores, to sell their products to B2B buyers around the globe. 

The title of the summit was “Unlock Business Growth Code - Nonstop business opportunity with export e-commerce”. The forum also recognized successful sellers, whose businesses have grown multifold, facilitated by export ecommerce at Alibaba. Special facilities are now being offered by Daraz (Alibaba Group) to build capacity and improve the performance of the SMEs in Sialkot. The speakers also engaged the sellers who have been impacted by the Covid-19 pandemic, while sharing case studies of success stories; how Alibaba helps to boost the business.

Shabina Gillani Vice president of Sialkot chamber of commerce stated: “This event promises to empower local businesses, by nurturing e-commerce in Pakistan by enabling global accessibility and nurturing e-commerce in Pakistan. The president from the Sialkot Chamber of Commerce and the other industrial associations enlightened the participants about how SMEs can grasp the emerging opportunities for online business ventures. Valuable data and insights about the performance of each product category and the buyers’ preferences were shared. This summit has achieved great milestones for recruiting new SME business to join Alibaba.com.”

Sectors that can gain exceptional advantages by enabling digital trade & overseas logistics include the Surgical-Gloves Industry of Sialkot, as it exports large quantities across many countries. With this technology, Alibaba is introducing a digital solution for comprehensive B2B export. Many effective solutions were also suggested for partnering logistic companies to ensure long-term environmental and commercial sustainability. Experts believe that global accessibility will also reduce the economically-damaging trend of cross-border smuggling in the Sialkot region.

The event was streamed online and it featured highly qualified guest-speakers like Stephen Kuo - Head of Alibaba.com Asia Pacific, Mr. Song - Head of Alibaba.com Pakistan, VP of Sialkot Chamber of Commerce (SCCI), Hassan Nawaz - Partner of Shipway Co., along with Ody - Apparel Industry Operation Manager of Alibaba.com and also the Beauty & Care Industry Operation Manager of Alibaba.com – Mr. Davis. The two successful sellers of Alibaba.com, featured at the event were – Mian Arham, the CEO of Bin Naseer Co., and Qamar Abbas, the CEO of Marjan Bikers.

Daily Pakistan Global Web Desk

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Pakistani rupee rate against US Dollar, Euro, Pound, Riyal - Check 20 April forex rates

Pakistani currency remains marginally same against US Dollar and other currencies on April 20, 2024. US dollar was being quoted at 277.5 for buying and 280.5 for selling.

Euro comes down to 293 for buying and 296 for selling while British Pound stands at 342.25 for buying, and 345.65 for selling.

UAE Dirham AED was at 75.25 and Saudi Riyal's new rates was at 73.30. 

Today’s currency exchange rates in Pakistan - 20 April 2024

Source: Forex Association of Pakistan. (last update 09:00 AM)
Currency Symbol Buying Selling
US Dollar USD 277.5 280.5
Euro EUR 293 296
UK Pound Sterling GBP 342.5 346
U.A.E Dirham AED 75.2 75.9
Saudi Riyal SAR 73.3 74.05
Australian Dollar AUD 181 182.8
Bahrain Dinar BHD 740.55 748.55
Canadian Dollar CAD 201 203
China Yuan CNY 38.47 38.87
Danish Krone DKK 39.78 40.18
Hong Kong Dollar HKD 35.53 35.88
Indian Rupee INR 3.33 3.44
Japanese Yen JPY 1.86 1.94
Kuwaiti Dinar KWD 903.11 912.11
Malaysian Ringgit MYR 58.08 58.68
New Zealand Dollar NZD 164.22 166.22
Norwegians Krone NOK 25.61 25.91
Omani Riyal OMR 723.2 731.2
Qatari Riyal QAR 76.45 77.15
Singapore Dollar SGD 204.5 206.5
Swedish Korona SEK 25.31 25.61
Swiss Franc CHF 305.47 307.97
Thai Bhat THB 7.56 7.71

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