Alibaba’s mid-day sales hit record $24b, higher than annual exports of Pakistan

alibaba

Corporate Ambassador/ISLAMABAD:

Chinese e-commerce giant Alibaba’s sales hit the record of US$24.3 billion in the world’s biggest ever mid-day sale on Sunday during annual online shopping fiesta. The mid-day sales of ecommerce giant of China is much higher than annual exports of Pakistan which have gradually fallen from $25 billion a year a few years ago to around $22 billion.

Various platforms of Alibaba Group broke the 10 billion yuan (US$1.44 billion) sales within first two minutes as the ecommerce giant launched the 10th year of its iconic Double 11 shopping gala. Last year Alibaba group surpassed the single day sale record with more than eight hours to go before end of its 24-hour shopping festival that strengthened its position as the world’s biggest retail event and assuaging concerns that Chinese consumer sentiments is softening. Similarly, within half an hour of single day, 30 brands including Nike, Adidas, Uniqlo, Procter & Gamble, Ziaomi and Apple crossed 100 million yuan in sales. In just one second, 3,700 single’s day special edition MAC lipsticks were sold out.

In addition to this, Alibaba Group expects to price its initial public offering (IPO) at between US$60 and US$66 a share, it said in a filing to the US Securities and Exchange Commission.

It will sell more than 320 million American depositary shares (ADS) – meaning it could raise US$21.1 billion at the top end of the price range.

The underwriters have the right to purchase 48 million additional shares, which could take the total to US$24.3 billion. That would value the company at about US$163 billion.

Even if Alibaba is eventually priced at the bottom end of the range, and the option for additional shares is not exercised, it could raise at least US$19.2 billion – surpassing Visa, which raised US$17.9 billion in 2008 to become the largest IPO in the US.

Priced at the top end, and with the additional shares sold, it could beat the record US$22.1 billion raised in 2010 by Agricultural Bank of China.

Alibaba is expected to conduct IPO roadshows in Hong Kong, New York and San Francisco in the coming two weeks.

Ricky Lai, an analyst at Guotai Junan International, said Alibaba’s price range was about 13 per cent lower than expected. He attributed that to recent negative news about the company.

The company last month said it was selling its small-business lending arm to the parent company of Alipay, Small and Micro Financial Services. The move was seen as a bid to reduce exposure to loan risks ahead of the IPO.

“Alibaba has been the focus of the market. Its robust growth is expected to continue,” said Lai. “However, there has been some negative news recently. For example, China may impose a tax on online shopping.”

Chinese media reported last month that the State Administration of Taxation was studying a plan to bring in a tax on online stores. The move would have a huge impact on Alibaba’s Taobao – one of the most popular customer-to-customer platforms in China.

NBP joins hands with PRCS to extend community services across Pakistan

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ISLAMABAD: President National Bank of Pakistan (sitting first from right) is planting a small tree at the headoffice of Pakistan Red Crescent Society in Islamabad. PRCS President Dr Saeed Elahi and NBP Group Chief Shaukat Mahmood and other officials are seen in this group photo.

Corporate Ambassador/ISLAMABAD: A delegation of National Bank of Pakistan led by Mr. Tariq Jamali, President of NBP visited Pakistan Red Crescent Society National Headquarters here on Friday. The NBP delegation was received by PRCS Officers and was welcomed by Chairman PRCS Dr Saeed Elahi. The delegation was briefed about the PRCS ongoing humanitarian projects and initiatives in the Committee Room. PRCS Vice Chairman Mr. Naguib Ullah Malik, Treasurer & Member Managing Board Mr. Mumtaz Haider Rizvi, Member Managing Board Brigadier (R) Abdul Hadi, Acting Secretary General Mr. Khalid Bin Majeed and PRCS officers were also present at the occasion.

Speaking at the occasion Dr Saeed Elahi said that NBP has shown keen interest to support PRCS humanitarian initiatives which is highly praiseworthy. He said that he looks forward to further strengthen and enhance the cooperation between the two prestigious organizations in future.

NBP President2
Mr. Tariq Jamali applauded the humanitarian initiatives and activities of PRCS. He said NBP will enhance its cooperation with PRCS to extend community services across Pakistan.  Later, the NBP delegation was shown the Ambulance that was upgraded through the generous financial support of 2.5 million made by NBP. The delegation also visited different departments of PRCS including Regional Blood Donor Center and Radio Room and appreciated the humanitarian work being undertaken by PRCS.
Mr. Tariq Jamali also planted a tree at PRCS premises as symbol of solidarity and to commemorate PRCS “Go-Green Plantation Drive”.

What comes by will go by

Syed Ali Zulquarnain Naqvi

Ali Zulquarnain

 

What comes by will go by

 

What comes by will go by

What stays ahead is try

 

Going up might take strength

But staying up is actual high

 

Keeping it good is a tough call

But putting it right is a swift fly

 

How hard the dealing was

A smiley face will shed dry

 

Let’s all just focus it out

Put heads up and don’t shout

Let the act says it all

Just stay firm and be tall

Writer if a creative poet and banker, based in Multan.

 

OPEC crude oil drops to below $71/barrel weeks after Trump’s threat for cut in oil price

opec crude nov6

Corporate Ambassador/KARACHI: Finally, the OPEC crude oil has dropped to below US$71 on Nov 6, 2018, showing a decrease of US$10 per barrel in last few weeks in the wake of the US President Trump’s threat OPEC members of ‘consequences’ if the oil prices were not brought down. US President gave this threat in his Tweet, issued on Sept 20, 2018 and at a public speech later on when the OPEC crude oil price was hovering around US$80/barrel. Below of the tweet of the US President about oil prices and his threat to OPEC members.

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Trump tweet

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In simple words, the US President’s threat to OPEC oil exporters has worked well and the international price of the crude oil has dropped by US$10 per barrel in few weeks.

The PTI government has increased domestic petroleum prices with effect from 1st of Nov 2018, at a time when the crude oil prices were declining in the international markets. Keeping in view US$10/barrel decline in OPEC crude oil, the PTI government must pass on this benefit to the consumers in the country.

 

Prisoners of Fate

Prisoners

By Syed Ali Zulquarnain Naqvi/MULTAN: Sometimes, one detained himself in so called prisons of fate that he is unable to seek freedom from it. For him his world is limited, his vision is short and his life a blind spot. Even though he is able to look at the comforts but unable to enjoy them, one for being passive and second for being not so aggressive.

Aggression being on the lower side is not because of innate nature rather because of inequalities, harsh realities, painful dualities and lifelong cruelties. He had faced so much odds that to strive for evens seemed fraud. Once like others dreams of flying high and catching the blue sky is worth of a try but now keeping the same flow and pleading  life to glow is just a mere show.

Hope have drowned down but one day out of foul play there will emerge a ray that will vanish the hazardous day. The seed of life will turn full bright and will give birth to shiny sight where flowers will bloom, professions will boom and faces will gloom.

Remember: “Nothing stays long as every dark ended up in dawn”

ali zulqarnain awardWriter is award winner banker-turned-creative writer and poet, based in Multan. He is receiving his award (in blue 2-piece) at 14th Corporate Ambassador Awards, organised in Karachi on August 18, 2018, at Beach Luxury Hotel.

 

NBP safe-n-secure from cyber attacks

NBP head office

Corporate Ambassador/KARACHI: The National Bank of Pakistan (NBP) has said that its account holders have remained safe from the recent Cyber Attacks. In a statement issued today, NBP spokesman said that the NBP customers are safe from any vulnerability of Cyber Attacks and our customers are protected from all potential loss.

NBP’s customer data is fully secured as per local and international standards. We are working in close coordination with the State Bank of Pakistan. Protect your future “Bank with NBP.”

 

Pakistan ranked 3rd most corrupt country in world in 2018

Ranking the world’s most corrupt nations for 2018

Corporate Ambassador Monitoring Report

Corruption within a country’s government undermines the solidity of its institutions and tends to lead to popular unrest. People just don’t like their officials stealing from them and engaging in cronyism or nepotism. But the phenomenon is as old as human history and isn’t likely to go away soon. Countries large and small have been ensnared in corruption scandals. Luiz Inacio Lula da Silva, the former President of Brazil has been jailed since April 7th for money laundering and “passive corruption.” Argentina’s former president Christina Kirchner was in court on September 3rd for a corruption case investigation involving bribes in the millions. The former Prime Minister of Thailand, Yingluck Shinawatra, has been on the run since 2017 after being sentenced in a corruption scandal.

In the United States, cases of corruption have plagued the Republican Party of late, with Rep. Duncan Hunter of California being indicted for illegally using campaign funds for personal enrichment. Meanwhile, Representative Chris Collins was recently arrested for allegedly perpetrating an insider trading scheme. White House administration officials Tom Price, the former Health and Human Services secretary, and Scott Pruitt, the former Environmental Protection Agency administrator, both had to resign amidst claims of abusing their government positions and ethics scandalsPresident Trump himself has had to continually answer accusations about his business dealings and was accused recently by his former lawyer Michael Cohen of illegally using campaign funds to pay hush money to mistresses.

While corruption may be hard to root out until more transparent systems of political representation come to pass, shining a light on the scandals helps keep the politicians honest. There are two respected sets of rankings that attempt to gauge how corrupt countries are. Let’s look at both of them to arrive at a fuller picture.

Below are the top 10 most corrupt countries in the world, according to the U.S. News and World Report for 2018. The data was compiled from the 2018 Best Countries rankings, an analysis of 80 countries based on a survey of over 21,000 citizens around the world. The survey gauged how participants perceived the corruption in other countries.

1. Nigeria

2. Colombia

3. Pakistan

4. Iran

5. Mexico

6. Ghana

7. Angola

8. Russia

9. Kenya

10. Guatemala

The United States is 61st on this list, while Australia and Canada are 79th and 80th, making them the least corrupt. One certainly wonders where the U.S. will rank next year, given the swirling corruption allegations of 2018.

Another key ranking, the Corruptions Perceptions Index (CPI) for 2017, compiled by Transparency International, a well-known NGO that fights global corruption, has the United States in 16th place. This list of 180 countries and territories starts with the least corrupt first, which in this case would be the country of New Zealand, followed by Denmark, Finland, and Norway. Courtesy: Bigthink.com

 

9 ways and means for men to enhance Power

sex power1

If you’re looking to maintain sexual activity in bed all night, you’re not alone. Many men are looking for ways to enhance their sexual performance. This can include improving existing problems or searching for new ways to keep your partner happy.

There are plenty of male enhancement pills on the market, but there are many simple ways to stay firmer and last longer without having to visit the pharmacy. Keep in mind that your penis works on blood pressure, and make sure your circulatory system is working at top shape. Basically, what’s good for your heart is good for your sexual health, reports Healthline.com

Keep reading to find other easy ways to improve your sexual performance.

1. Stay active

One of the best ways to improve your health is cardiovascular exercise. Sex might get your heart rate up, but regular exercise can help your sexual performance by keeping your heart in shape.

Thirty minutes a day of sweat-breaking exercise, such as running and swimming, can do wonders to boost your libido.

2. Eat these fruits and vegetables

Certain foods can also help you increase blood flow. They include:

  • Onions and garlic. These foods may not be great for your breath, but they can help your blood circulation.
  • Bananas. This potassium-rich fruit can help lower your blood pressure, which can benefit your important sexual parts and boost sexual performance.
  • Chilies and peppers. All-natural spicy foods help your blood flow by reducing hypertension and inflammation.
3. Eat these meats and other foods

Here are some more foods that can help you achieve better blood flow:

  • Omega-3 fatty acids. This type of fat increases blood flow. You can find it in salmon, tuna, avocados, and olive oil.
  • Vitamin B-1. This vitamin helps signals in your nervous system move quicker, including signals from your brain to your penis. It’s found in pork, peanuts, and kidney beans.
  • Eggs. High in other B vitamins, eggs help balance hormone levels. This can decrease stress that often inhibits an erection.
4. Reduce stress

Stress can affect all areas of your health, including your libido.

Stress increases your heart rate (in the bad way) and increases blood pressure. Both of these are damaging to sexual desire and performance.

Psychological stress can also affect achieving an erection or reaching an orgasm. Exercise is a great way to reduce stress and improve your health. Talking to your partner about your stress can also calm you down, while strengthening your relationship at the same time.

Stress can also trigger bad habits, such as smoking or alcohol consumption, which can harm your sexual performance.

5. Kick bad habits

What you rely on to unwind, such as smoking and consuming alcohol, could also affect sexual performance.

While studies suggest that a little red wine can improve circulation, too much alcohol can have adverse effects.

Stimulants narrow blood vessels and have been linked to impotence. Cutting down or quitting smoking is one of the first steps to improve performance.

Replacing bad habits with healthy ones, such as exercise and eating well, can help boost sexual health.

6. Get some sun

Sunlight stops the body’s production of melatonin. This hormone helps us sleep but also quiets our sexual urges. Less melatonin means the potential for more sexual desire.

Getting outside and letting the sun hit your skin can help wake up your sex drive, especially during the winter months when the body produces more melatonin.

7. Masturbate to improve longevity

If you’re not lasting as long as you’d like in bed, you might need some practice. While sex is the best way to practice for sex, masturbation can also help you improve your longevity.

However, how you masturbate could have detrimental effects. If you rush through it, you could inadvertently decrease the time you last with your partner. The secret is making it last, just like you want to when you’re not alone.

8. Pay attention to your partner

Sex isn’t a one-way street. Paying special attention to your partner’s desires not only makes sex pleasurable for them, but it can also help turn you on or slow you down. Talking about this beforehand can help ease any awkwardness if you need to slow down during a heated moment. Alternating pace or focusing on your partner while you take a break can make for a more enjoyable experience for both of you.

9. Get more help if you need it

If you have erectile dysfunctionPeyronie’s disease, or other diagnosed disorders, you may need medical treatment. Don’t hesitate to talk to your doctor about how you can improve your sexual performance. It’s never a bad decision to exercise, eat right, and enjoy your sex life to the fullest.

 

Assassination of JUI(S) Chief Samiul Haq a conspiracy against Pakistan: PTI MNA Nusrat Wahid

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Corporate Ambassador/KARACHI: PTI’s MNA Nusrat Wahid has said that the assassination of Maulana Sami ul Haq Chief of Jamiat Ulma-e-Islam (S) is a conspiracy to push the country towards anarchy. She said that she is very much grieved on the sad demise of Maulana Sami ul Haq.
PTI MNA Nusrat said that the anti social elements are bent upon creating uncertainty in the country and panic for common man. In a statement and in condolence message to the grieved family, Nusrat Wahid said that the famous Maulana Sami ul Haq has rendered great services in the political and religious sectors and his services will be remembered for all times to come.

She further said that Maulna has played a vital role to maintain harmony between the different segments of the society and it’s hard to fulfill the vacuum. She requested the nation to maintain harmony and unity and beware of the anti social elements who are bent upon to destabilize the country. With the complete unity the nation will certainly defeat the enemies of Pakistan and they will never be able to succeed in their nefarious designs against Pakistan. She added that in order to maintain peace and stability in the country all resources will be utilized.

Militants’ attacks increase again in Pakistan: PICSS Report

Rangers patrolling

Corporate Ambassador/ISLAMABAD

Militants’ attacks in Pakistan have significantly increased during the month of October 2018. An Islamabad based independent think tank Pakistan Institute for Conflict and Security Studies (PICSS), in its monthly report, has revealed that the number of militant attacks and subsequent deaths have increased more than two times during the last month compared with September 2018.  Militants carried out 24 attacks across the country in October 2018 in which 32 people were killed including 16 security forces personnel, nine civilians and seven militants while 49 people were injured including 29 security forces personnel and 17 civilians.  It is worth noting that in September 2018, the militants had carried out 10 militant attacks in which 14 people were killed.

In October 2018, majority of the attacks took place in FATA followed by Balochistan and KP. PICSS recorded 10 militant attacks in FATA in which 13 people were killed including five security forces personnel and seven militants while 25 people were injured including 15 security forces personnel and seven civilians.

In Balochistan, militants carried out 8 attacks in which 15 people were killed including 10 security forces personnel and five civilians while 16 people injured out of which 13 were security forces personnel and three civilians. In Khyber Pakhtunkhwa province, 6 militant attacks were witnessed in which three civilians and one security forces personnel was killed while eight people were injured including seven civilians and one security forces personnel.

No militant attack was recorded in Sindh, Punjab, Azad Kashmir, and Gilgit-Baltistan. The month of October also saw a rise in the deaths of security forces personnel. Balochistan was the deadliest province for security forces as 10 out of 16 deaths took place in the province during last month. Most of the security forces deaths during the month were caused by Improvised Explosive Devices (IEDs).

RangersMeanwhile Pakistani security forces conducted at least 13 actions against the militants in four different provinces in which 11 suspected militant militants were arrested and two were killed. Majority of the arrests took place in the province of Punjab from where at least six suspected militants were arrested. One each suspected militant was killed in Balochistan and KP. Two suspected militants were arrested from Sindh and three from KP.