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Uber stripped of licence to operate in London for ‘lack of corporate responsibility’

03:56 PM | 22 Sep, 2017
Uber stripped of licence to operate in London for ‘lack of corporate responsibility’
LONDON - Uber, the world’s largest taxi-hailing app, has been stripped of its licence to operate on London’s streets.

Transport for London (TfL), in a surprise announcement on Friday morning, denied the cab company’s request to renew its licence in the capital after determining that the car-hailing app is "not fit and proper" to hold the licence.



TfL said that "Uber's approach and conduct demonstrate a lack of corporate responsibility in relation to a number of issues which have potential public safety and security implications".

Uber claims it has 3.5m users in London and 40,000 drivers. It has been operating in the city since 2012 and has faced huge opposition from taxi drivers and other critics over its treatment of drivers and claims it has added to congestion.

The licence is due to expire next Saturday, September 30. The firm has 21 days to appeal. However, it will be allowed to continue to operate during the legal process.

Ahead of the announcement, Helen Chapman, TfL general manager of Taxi & Private Hire, said this week that the cost of regulation is rising due to a “huge” growth in the industry, the BBC reported.

Uber hit back, saying it would appeal and claiming the move "would show the world that, far from being open, London is closed to innovative companies".

Mayor of London Sadiq Khan said of the decision not to issue Uber with a licence: "All companies in London must play by the rules and adhere to the high standards we expect - particularly when it comes to the safety of customers.

"Providing an innovative service must not be at the expense of customer safety and security."

The writer is a member of the staff.

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Currency Rates in Pakistan Today - Pakistani rupee to US Dollar, Euro, Pound, Dirham, and Riyal - 19 April 2024

Pakistani currency saw minor adjustment against global currencies on April 19, 2024. US dollar was being quoted at 277.4 for buying and 280.4 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 75.2 and Saudi Riyal's new rates was at 73.30.

Today’s currency exchange rates in Pakistan - 19 April 2024

Currency Symbol Buying Selling
US Dollar ‎USD 277.4 280.4
Euro EUR 293 296
UK Pound Sterling GBP 342.25 345.65
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 740.09 748.09
Canadian Dollar CAD 201 203
China Yuan CNY 38.44 38.84
Danish Krone DKK 39.69 40.09
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 902.64 911.64
Malaysian Ringgit MYR 58.08 58.68
New Zealand Dollar NZD 164.22 166.22
Norwegians Krone NOK 25.31 25.61
Omani Riyal OMR 722.87 730.87
Qatari Riyal ‎QAR 76.45 77.15
Singapore Dollar SGD 204.5 206.5
Swedish Korona SEK 25.31 25.61
Swiss Franc CHF 305.08 307.58
Thai Bhat THB 7.56 7.71

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