KARACHI: Karachi Transport Union on Monday flatly refused to bring down fares of public transport following the massive reduction in the prices of petrol and diesel.
In this regard, union president Irshad Bukhari said that the government had earlier raised the price of diesel by Rs40 per litre but now it has slashed its rate by 15 rupees only and in such a situation, fares cannot be reduced. He said that mostly public transport including buses and vans ply on diesel and not on petrol.
Noshaba Awais shed light on the HEC-WBAF collaboration and the Financial Inclusion Programme. Apprising the university representatives of the objectives of LoI, she said that the agreed program of activities under the LoI pertains to the inclusion of Pakistani universities in the Financial Inclusion Programme being offered by WBAF and 15 universities have already given their consent for the programme. She briefed that the programme is divided into two phases, the Phase-I includes providing access to students and faculty to the Financial Inclusion Centre, while the Phase II includes angel investor course for BICs, academic support, assessment of BICs, and formation of university Business Angels Network, etc.
Babarys Altuntas underlined that WBAF is an affiliated partner of the G20 Global Partnership for Financial Inclusion (GPFI), adding that it is collaborating globally to empowering the economic development of the world. He briefed in detail the Financial Inclusion Programme to the Vice Chancellors and Pro-Vice Chancellors who attended the meeting and having consented for the programme. He noted that governments around the world have understood the importance of angel investment for boosting their economies.
The participating Vice Chancellors appreciated the efforts of HEC and acknowledged the need for working together to uplift the economy of Pakistan through entrepreneurship development and incubation opportunities for young and promising startups.