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BAT launches Global Business Solutions Hub in Lahore

04:32 PM | 15 May, 2024
BAT launches Global Business Solutions Hub in Lahore

LAHORE – BAT, one of the world's largest multi-category consumer goods companies, has officially launched its Global Business Solutions (GBS) hub in Lahore. 

The grand event, ‘Digital Destination Pakistan,’ included a ribbon-cutting, a tour of the hub, and presentations by senior GBS Pakistan hub leaders, reiterating Pakistan’s potential as a tech hub. BAT GBS Pakistan also marked the launch with ambitions to expand its services and capabilities in Pakistan over the coming years.

BAT invested USD 5m in 2021 to set up GBS in Pakistan. Currently, it employs more than 350 individuals. It provides services to more than 50 countries, such as Japan, UAE, Malaysia, Australia, Turkey, and various others, in finance, marketing, supply chain, data analytics, insights, and multiple other functions. In 2023, BAT GBS PK brought a forex inflow of USD 11.8 million and continues to grow from strength to strength in its journey to create a better future.  

 

Various dignitaries from the private sector attended the event. 

Speaking at the occasion, BAT Group Director, Digital and Information, Javed Iqbal said, “BAT has reaffirmed its intention to continue investing in Pakistan to create more jobs, enable and empower Pakistan’s IT talent, ensure forex inflow, and strengthen Pakistan’s global image as a viable Tech Destination. It has also set the standard for other multinational companies to follow and invest in the country to provide opportunities to graduates and enable them to showcase their skills at the world stage.”

Talking about BAT’s role in elevating Pakistan’s economy through GBS, Mueen Afzal, a Retired Bureaucrat and former chairman of Pakistan Tobacco Company Limited, said, “I want to thank BAT for choosing Pakistan as its GBS Hub and congratulate the entire group for developing such a modern and future-ready hub with global ambitions."

Speaking about how other companies can leverage the potential of Pakistan's talents, Zafar Mahmood, Chairman of Pakistan Tobacco Company Limited, said, "Pakistan is truly the best destination for multinational groups because we have the talent, ambition, resolve, and support of the entire Government. We have a thriving tech economy and IT skillset in our graduates who want to showcase what they can do to the world. I would encourage other organizations to invest in Pakistan, utilize the quality of our services, and help the nation develop to its full potential”.

BAT’s General Manager for GBS Pakistan, Zubair Khan, said, “In just a short period, we have rapidly grown to an organization that now has more than 350 employees, serving more than 50 countries. Our ambition for the next ten years is to keep our momentum of growth and invest in Pakistan’s talent and economy to bring our GBS strategy to light”.

Daily Pakistan Global Web Desk

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Pakistani Rupee exchange rate to US Dollar, Euro, Pound, Dirham, and Riyal - 28 May 2024

Pakistani currency rates against US Dollar and other currencies on May 28, 2024 (Tuesday) in open market.

USD to PKR rate today

US dollar was being quoted at 277.4 for buying and 280.25 for selling.

Euro stands at 298 for buying and 301 for selling while British Pound rate is 349.5 for buying, and 353 for selling.

UAE Dirham AED was at 75.25 and Saudi Riyal increased to 73.45.

Source: Forex Association of Pakistan. (last update 08:00 AM)

Currency Symbol Buying Selling
US Dollar USD 277.4 280.25
Euro EUR 298 301
UK Pound Sterling GBP 349.5 353
U.A.E Dirham AED 75.25 75.9
Saudi Riyal SAR 73.45 74.2
Australian Dollar AUD 183 184.8
Bahrain Dinar BHD 740.03 748.03
Canadian Dollar CAD 203 205
China Yuan CNY 38.42 38.82
Danish Krone DKK 40.44 40.84
Hong Kong Dollar HKD 35.62 35.97
Indian Rupee INR 3.35 3.46
Japanese Yen JPY 1.91 1.99
Kuwaiti Dinar KWD 904.07 913.07
Malaysian Ringgit MYR 59.05 59.65
New Zealand Dollar NZD 170.03 172.03
Norwegians Krone NOK 25.92 26.22
Omani Riyal OMR 723.64 731.64
Qatari Riyal QAR 76.42 77.12
Singapore Dollar SGD 203 205
Swedish Korona SEK 26.02 26.32
Swiss Franc CHF 304.75 307.25
Thai Bhat THB 7.6 7.75

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