Connect with us

Pakistan

Jack Ma, Alibaba foundation donation arrives in Karachi to help fight against COVID-19

Published

on

KARACHI – Today, the first batch of the much-needed medical supplies donated by the Jack Ma Foundation and the Alibaba Foundation arrived in Pakistan.

The shipment is part of the donation of medical supplies to 10 Asian countries announced on March 21. Collectively, the nations will receive a total of 1.8 million masks; kits for testing 210,000 people, 36,000 pieces of protective clothing, as well as essential medical equipment such as ventilators and forehead thermometers.

The National Disaster Management Authority, Government of Pakistan will transport and distribute the supplies throughout the country. Mr Syed Murad Ali Shah, Chief Minister of Sindh, Pakistan took receipt of the donations from Ehsan Saya, Managing Director for Daraz in Pakistan in the representation of the two foundations. Also present on the occasion were Mr.Li Bijian, Consul General of China to Karachi and Mr Zhang Hao, Vice Consul of China to Karachi. The remainder of the donation is expected to reach Pakistan soon.

Mr Li Bijian, Consul General of China to Karachi, said, “Since the outbreak of the pandemic in Pakistan, Government and people of China have been showing our solidarity with and providing assistance to our iron brother Pakistan.” On behalf of His Excellency Mr Yao Jing, Ambassador of China to Pakistan, Mr Li expressed his sincere thanks to Jack Ma Foundation and Alibaba Foundation for their generous donation. He added, “the efforts by the Federal and Provincial Governments of Pakistan to deal with the pandemic have been very strong and impressive.” He was firmly convinced that armed with today’s donation, Pakistan will eventually win the battle against the pandemic.

“We hope the donation will strengthen Pakistan’s fight against COVID-19 and prevent further community spread of the virus. We are committed to doing everything we can to make a difference, especially overcoming the tough logistical challenges for delivery and getting the medical supplies to where it is needed most as fast as we can,” said the Jack Ma Foundation.

This donation is among a number of aid initiatives from the Alibaba Foundation and Jack Ma Foundation to support the areas of the world most affected by the Covid-19 crisis, sourcing and delivering various types of medical supplies to Asia, United States, Africa, Italy, Belgium, France, Slovenia, Spain and Latin America.

The Jack Ma Foundation and Alibaba Foundation also supported the publication of a handbook with key lessons and experience from doctors, healthcare workers, and hospital administrators at the First Affiliated Hospital, Zhejiang University School of Medicine (FAHZU), who were on the frontline of COVID-19 treatment in China and crucial to slowing its spread.

Pakistan

NEPRA approves tariff cuts, power consumers to get Rs56bn relief

Published

on

LAHORE – The National Electric Power Regulatory Authority (Nepra) has approved a reduction in electricity tariffs that is expected to provide consumers relief worth about Rs56 billion over the next three months.

In a notification issued on Thursday, the regulator announced a Rs1.99 per unit decrease under the quarterly tariff adjustment for the January-March 2026 quarter. The reduction will remain effective during June, July and August and is estimated to translate into consumer relief of roughly Rs67bn.

However, Nepra also allowed a fuel cost adjustment increase of Rs1.19 per unit for electricity consumed in April, which will be charged in June bills. The increase is expected to generate approximately Rs11bn for distribution companies.

As a result, consumers are likely to see a net reduction of around 80 paisa per unit in their June electricity bills, while the full benefit of the quarterly adjustment will continue in the following two months.

The approved FCA increase is lower than the Rs1.74 per unit sought by the Central Power Purchasing Agency, with Nepra trimming the proposed recovery amount to about Rs11bn from nearly Rs16bn.

According to the regulator, the quarterly adjustment was driven by changes in capacity payments, transmission charges, market operator costs, transmission and distribution losses, and the government’s incremental electricity consumption package for industrial and agricultural sectors.

Most consumer categories will benefit from the reduction, although certain lifeline and prepaid consumers, as well as some consumers covered by the incremental consumption scheme, will not be eligible for parts of the adjustment.

Continue Reading

Pakistan

Pakistan loses $1.6bn annually to e-commerce checkout inefficiencies: Report

Published

on

ISLAMABAD – Pakistan’s rapidly growing e-commerce sector is incurring significant financial losses at the checkout stage, with inefficiencies in payment systems costing businesses an estimated $1.61 billion annually, according to a new white paper by Payoneer.

The report highlights that merchants across Asia collectively lose around $72bn each year due to checkout-related challenges, with Pakistan representing a notable share of this gap.

A major portion of the losses in Pakistan — approximately $0.97bn — stems from cart abandonment, which accounts for over 60 per cent of the total. Analysts attribute this to friction during the checkout process, including unexpected charges, payment declines, and lack of pricing transparency.

Settlement delays contribute a further $0.46bn in losses, while $0.18bn is lost due to foreign exchange (FX) costs and other payment-related inefficiencies, the report noted.

Despite strong consumer demand, many transactions fail to convert into completed purchases, limiting revenue realisation for businesses. The issue is particularly acute for cross-border sellers, as international customers increasingly expect localised payment options and pricing in their own currencies.

Industry experts say complex payment systems involving multiple intermediaries further erode merchant margins, while delays in settlement cycles restrict cash flow, affecting businesses’ ability to fulfil orders and expand operations.

The findings point to structural weaknesses in Pakistan’s digital trade ecosystem, where financial infrastructure has yet to keep pace with the country’s expanding participation in global e-commerce.

Experts suggest that improving checkout processes, streamlining payment channels, and ensuring faster settlement could help address these inefficiencies. Introducing localised payment methods and transparent pricing, along with reducing fragmentation in banking relationships, may enhance conversion rates and unlock liquidity for businesses.

As Pakistan seeks to strengthen its position in Asia’s digital economy, addressing these bottlenecks could transform lost value into tangible growth for exporters and online sellers.

Continue Reading

Pakistan

Imran Amin highlights quality, sustainability, timely delivery aligned with Punjab govt vision

Published

on

Lahore – April 21, 2026: CEO CBD Punjab, Imran Amin, toured the CBD Walk and CBD Lake projects to evaluate ongoing development efforts and monitor progress firsthand. He carried out a thorough inspection of both projects, reaffirming CBD Punjab’s dedication to delivering projects on schedule and to high standards.

CEO CBD Punjab Imran Amin was accompanied by senior officials including Director Project Management Asif Iqbal, Director Engineering Umar Hayat, Director Construction Asif Babar, Director Architecture & Planning Sameer Aftab Sial, and project contractors.

During the briefing, it was shared that construction work on CBD Walk is progressing ahead of schedule, while maintenance work is underway at CBD Lake to further enhance its sustainability and long-term functionality. Plans are also in place to install dancing fountains to elevate the aesthetic appeal of the area.

Director Architecture & Planning Sameer Aftab Sial briefed the CEO on the exterior design of the structure and the selection of tiles, highlighting the project’s modern and visually appealing outlook.

Expressing satisfaction over the pace of development, CEO CBD Punjab Imran Amin emphasized the importance of maintaining high construction standards. He stated, “This project, aligned with the vision of the Chief Minister Punjab, will emerge as a significant asset, contributing to Lahore’s social and economic landscape.”

The visit reflects CBD Punjab’s continued focus on delivering innovative, sustainable, and high-quality urban development projects.

Continue Reading

Trending

Copyright © 2026