Pakistan Tobacco Company (PTC) is going to establish its business process outsourcing (BPO) hub in Pakistan, which will be used to cater the markets of Asia Pacific and Middle East region.
PTC, which is a subsidiary of British American Tobacco, competed with countries like India, Bangladesh and many others to bring this new business setup to Pakistan, the Adviser said this on his official Twitter account.
Read more: Large-scale manufacturing expands 6.66 percent during October
This remarkable news was shared on Wednesday by the Adviser to the Prime Minister of Pakistan for Commerce and Investment Abdul Razak Dawood, “I am excited to share with you all that Pakistan Tobacco Company (PTC) has announced its plan to set up a business Process Outsourcing (BPO) organization hub in Pakistan to service Asia Pacific and Middle East Region. They competed with countries like India.”
“Bangladesh & many others to bring this new business setup to Pakistan. This has the potential to create over 3000 jobs over the next 5 years & will also serve as a talent incubator while enabling Pakistan to become a services export market & bring circa $100 Million/annum.”
…Bangladesh & many others to bring this new business setup to Pakistan.
— Abdul Razak Dawood (@razak_dawood) December 16, 2020
This has the potential to create over 3000 jobs over the next 5 years & will also serve as a talent incubator while enabling Pakistan to become a services export market & bring circa $100 Million/annum..2/3
He further tweeted, “I wish to thank British American Tobacco and Pakistan Tobacco Company for placing confidence in Pakistan. After many years, this is the first multinational company to move their Business Process Outsourcing to Pakistan.”
According to the advisor, Pakistan’s industry is showing promising signs of growth in the region. He added that this is the first BPO in Pakistan after many years which shows that investor interest is increasing in Pakistan.
What is BPO?
BPO is a process of outsourcing operations and responsibilities to a third-party vendor. British American Tobacco (BAT) and PTC are amongst companies in the region and with their interest in the region, this is bound to attract more companies to invest in the country.
