Uber to invest $500 million for Pakistan’s growth by 2020

Uber to invest $500 million for Pakistan’s growth by 2020: Ride-hailing service Uber will invest $500 million in Pakistan to grow its operations in the country, the company said on Saturday.

The announcement came after the Uber team met with the Chairman Federal Board of Investment, Dr Miftah Ismail, on Thursday, to discuss the expansion of the company in the country. They said they planned on investing $500m to help expansion by 2020.

Talking about Uber’s investment plans for Pakistan, Uber’s Head of Europe, the Middle East and Africa, Pierre-Dimitri Gore-Coty said, “We will continue to work closely with the government as Pakistanis benefit from reliable, affordable and safe transportation like Uber.”

Pakistan is a key market for Uber which is why we are channelling significant investment to the country, he added.

The ride-hailing service made inroads in the Pakistani market back in 2015 and is now operational in six cities across the country. The additional investment is aimed at assisting growth in the driver partner network, expanding in more cities, creating more economic opportunities, and the enhancement of Uber’s customer services program.

Commenting on the investment, Dr Ismail said, “We welcome their [Uber] proposal for significant investment that aims to create over 250,000 economic opportunities for Pakistanis. Pakistan has a strong economy and a rising middle class that can benefit tremendously from Uber’s innovative technology.”

The ride-hailing service will also work with organisations to provide ongoing training through initiatives such as the partnership with Punjab Skills Development Fund (PSDF). During his visit to Lahore, Gore-Coty also signed a MoU with PSDF to provide training and economic opportunities to underprivileged youth in Punjab.

About HumSub TV
Introduction
HumSub TV is Pakistan’s leading forwarding-thinking, edutainment channel, aimed at promoting and upholding peace, interfaith harmony and social responsibility within Pakistan through informative and insightful programmes and documentaries; analytical interviews on issues pertaining to social, economic, legal and environmental set-up; dedicated shows to canvass and thereby promote the culture and heritage of Pakistan and in-depth coverage of national and international news.

HumSub TV is the first channel and thus a pioneer within its own right that mainly focuses on emphasising the “Rights” as well as the “Obligations” of the citizens in light of the Constitution of Pakistan, numerous International declarations signed by the Government and various laws that have been promulgated over the years but are not in the knowledge of the common citizen.
HumSub TV also aims to enter into bilateral agreements with other countries to promote not only their culture, heritage and tourism, but also their educational and medical facilities.
Following the successful launch of HumSub TV’s head office in Blue Area, Islamabad; the bureau office has been set up in Lahore.

Vision
To project positive image building of Pakistan and inculcate nationalism, as per the vision of the founder of the nation, Quaid-e-Azam Mohammad Ali Jinnah.

Mission
HumSub TV is resolute about the promotion of a pluralistic, inclusive and egalitarian society in Pakistan where all citizens are allowed to contribute to promote interfaith harmony, peace and collective wisdom in the social, political and economic development of Pakistan and to encourage critical and lateral thinking in the society. HumSub TV strives to make a positive contribution to this end.

HumSub TV’s Theme
HumSub TV, Pakistan’s first EDUTAINMENT Channel, has been set up for not only those audience residing in Pakistan or overseas but the international community on the whole. The vision of the channel is to project positive image building of Pakistan and inculcate nationalism as per the vision of the founder of the nation.

HumSub TV strives to make a positive contribution to this end by promoting pluralism, inclusiveness and egality in Pakistan and give voice to the suppressed. It endeavors to act as a positive catalyst for social change and Pakistani nationalism. It envisions providing a platform for airing critical and lateral thinking and collective wisdom by inviting positive minded intellectuals and opinion forming individuals for the promotion of interfaith harmony and peace in the social, political and economic development of Pakistan.

Whereas the channel airs upbeat edutainment programmes, it, nonetheless, has the primary objective of countering negative anti-Pakistan regional and international propaganda as well as advancing fundamental rights as encapsulated in the Constitution of Pakistan.

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