BAT moving shared services to Pakistan - Newspaper dawn.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from dawn.com Daily Mail and Mail on Sunday newspapers.
Tech progress opens new avenues
PM aide appreciates MNC’s plan to start BSS operations in Pakistan
APP
December 23, 2020
ISLAMABAD:
Technological advancement has opened up many possibilities of trade in services across borders in many sectors, said Adviser to Prime Minister on Commerce and Investment Abdul Razak Dawood.
Speaking at a consultative meeting on services exports at the Ministry of Commerce on Tuesday, the adviser examined the state of Pakistan’s services trade as well as steps taken to expand it.
“After decades, the British American Tobacco (BAT) has decided to move its business-shared services (BSS) operations from Malaysia to Pakistan,” he said. “This is an indication that Pakistan is being considered as a cost-effective location for activities like back office services, business process outsourcing (BPO), call centres and others.”
British American Tobacco shifting key business to Pakistan
Business
December 23, 2020
ISLAMABAD: British American Tobacco (BAT) is shifting its Business Shared Services operations from Malaysia to Pakistan, which is indicative of increasing foreign investor trust in the country’s economic sustainability, a statement said on Tuesday.
BAT is the first multinational company to move its Business Process Outsourcing (BPO) services to Pakistan after Deutsche Bank withdrew its operations from the country.
This development came to fore in a high-level meeting at the Ministry of Commerce, which was chaired by Adviser to Prime Minister on Commerce and Investment Abdul Razak Dawood.
The commerce adviser noted the opening of business services by BAT “is an indication that the country is now being considered as a cost effective location for activities like back office services, BPO, call centres, etc”.
Market watch: Bears hold sway as PSX dives 407 points
Benchmark KSE-100 index falls 0.93% to settle at 43,333.76
KARACHI:
The stock market gave in to bearish pressure on Monday as the benchmark KSE-100 index dived over 400 points owing to weak cues coupled with the economic headwinds faced globally.
Weakening oil prices in the international market coupled with rising coronavirus cases fuelled the bearish momentum at the opening of rollover week.
Oil prices tumbled more than $3 before trimming losses as a fast-spreading new coronavirus strain that had led to tighter restrictions in Europe sparked worries about a slower recovery in fuel demand.
The benchmark index opened down and despite brief spikes it maintained its march towards south. The downward trend turned steeper towards the end of the session. Nevertheless, the bourse managed to sustain the 43,000-point mark.
Music to the profiteers
The writer is a lawyer.
In Pakistan, when it comes to music, you take what you can get. And more often than not, what you get is the backwashed brain-child of some beverage company’s marketing department. Using music to sell products has always been our thing. In fact, nursery-rhyme-scripts are even used to help us remember phone numbers. And so, these corporate music performance gigs are the Woodstock of ad marketing. Which is why you can’t exactly blame Velo for wanting a piece of the action.
Selfishly, anything that introduces more people to Natasha Noorani (who I have been convinced for some time, will prove to be a once-in-a-generation kind of talent) ought to get a pass. But when a new product materializes into existence with a marketing budget that can afford the likes of Atif Aslam and Strings - with money to spare for an exceedingly enthusiastic (and not exactly anonymous) entourage in galleries - one can’t help but wonder who is signing the