New PIF office bearers take oath of office

Pakistani Ambassador Khan Hasham bin Saddique and new PIF office bearers present an appreciation plaque to businessman Amir Shahzad, in Riyadh recently.
Updated 27 February 2018
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New PIF office bearers take oath of office

Pakistani businessmen Khalid Mahmood Raja and Khalid Chaudhry were sworn-in by Pakistani Ambassador Khan Hasham bin Saddique as president and chairman of the Riyadh-based Pakistan Investors Forum (PIF) respectively, at a ceremony here recently. The new PIF team also renewed their pledge to work tirelessly to strengthen trade and investment ties between Saudi Arabia and Pakistan.
Several other office bearers of the new PIF including Ghulam Safdar, vice president; Babar Shah, general secretary; Tanvir Mian, joint secretary; and Zahid Latif Sandhu, finance secretary also took oath of office.
Ambassador Saddique said: “There is need to increase Pakistani exports to Saudi Arabia, which amounts to a meagre $400 million annually.” This is insignificant keeping in view the two-day trade, which exceeds $2.5 billion annually, he added. In fact, Pakistan mainly imports oil and oil products from the Kingdom, which account for 90 percent of total imports from Saudi Arabia.
“The political and security relations between Riyadh and Islamabad are at a high strategic level, but our commercial relations are far below our expectations,” he added.
“The Pakistani economy is growing consistently and Pakistan’s GDP growth rate will be above 5.5 percent for 2017-2018 and 2018-2019 ... Pakistan continues with economic reforms and pursues policies that make the country compete better in global markets,” the ambassador said.
PIF President Raja said that the PIF works closely with the Saudi Arabian General Investment Authority (SAGIA) and the Pakistan Embassy. He called on the Pakistani government “to design and offer easy investment schemes for overseas Pakistanis.” Raja thanked the Riyadh-based “Knowledge Core” led by businessman Amir Shahzad.
Chairman Chaudhry said: “I am happy to be entrusted with this leadership position of the PIF that provides me with another avenue of continuing the work I have been promoting virtually all my life.” He said that “about 60 percent of the top 100 companies of the Kingdom have been headed and built by Pakistanis.”
Several appreciation trophies were also presented to leading investors, former PIF office bearers and promoters including Shahzad and Shamshad Siddiqui.
The Riyadh-based PIF is an association of Pakistani businessmen and investors. It has a total of about 400 registered members.


Dodge supports women drivers in KSA

Updated 16 July 2018
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Dodge supports women drivers in KSA

Dodge has unveiled a dedicated campaign to empower women drivers. Focused on social media and digital platforms, the campaign features a special video for the Dodge brand entitled “She Roars.”
With women driving in the Kingdom now a reality, there may still be some lingering questions in the minds of female drivers: “Am I ready? Is it really happening? Can I change the norm? Can I do it? Am I ready?” These questions are answered in the Dodge “She Roars” video with the empowering message — “I am Ready”!
Dodge’s campaign will highlight the advanced performance, features, technology and safety innovations available in Dodge vehicles that will make women drivers confident that they are indeed ready for the road.
Supported with a free pickup and delivery service and roadside assistance package available only to female drivers choosing any model from the Dodge lineup, United Motors Company (UMC) — the sole distributor for Alfa Romeo, Chrysler, Dodge, Fiat, Fiat Professional, Jeep, Ram and Mopar in Saudi Arabia — is offering a warm welcome to women looking to hit the road.
UMC’s roadside assistance package, also accessible via a dedicated mobile app, offers immediate support should there be any one of a wide range of common issues, including battery failure, flat tires, running out of fuel, traffic accidents and mechanical/electrical problems.
The Dodge range — Charger, Challenger, Durango and Neon — offers features such as LED headlamps, state-of-the-art TorqueFlite eight-speed transmissions, dual exhausts, leather wrapped steering wheels plus Alcantara and Laguna leather finishes. Among the many available safety features are blind spot and cross path detection, rear parking sensors, rear view camera and advanced air bag systems.