News & Updates

The MOU has been signed to increase collaboration, cooperation and interaction for exploring and evaluating any opportunity arising out of the need of modern and efficient warehousing systems especially for the Agri-Food related products and the new Electronic Warehouse Receipt (EWR) regime under Collateral Management Companies Regulations 2019 issued by Security & Exchange Commission of Pakistan (SECP) together.

The purpose of this MOU is to confirm the intention of the Parties to undertake collective and / or independent due diligence of the prospects of creating a business opportunity with respect to various independent roles of each party interest, including warehouse investment, warehouse operations & collateral management and warehouse accreditation & repository management with a view to benefiting from each other’s initiatives and working procedures and to support collaboration amongst the Parties.

Reana.pk A unique one-of-a-kind online platform providing a wide range of products and services. Grounded in the art and science of delivery systems and services Reana.pk ensures to provide an unforgettable and seamless experience to its customers.

What sets Reana.pk apart is its distinct features including excellent outreach, interactivity, interconnectivity and information density. It allows two-way communication between merchants and consumers. In addition, the amount and quality of information available is distinctive that gives a unique customer-centric shopping experience.

With the vision and competency of its leadership and efficient team, Reana plans to heavily invest in the technological advancements to become the top e-commerce platform of Pakistan.

VEDA Transit Solutions (Pvt.) Ltd. has signed the financing agreement for a PKR 2.60 Billion term loan from a syndicate of banks led by the Bank of Punjab as Mandated Lead Advisor & Arranger. Samba Bank Limited, Askari Bank Limited, Bank Alfalah Limited and JS Bank Limited acted as co-arrangers for this transaction.

CEO VEDA Mr. Muhammad Ammar Khan and President Bank of Punjab Mr. Zafar Masud signed the financing agreement in the presence of the Chief Guest Provincial Minister for Transport, Government of Punjab Mr. Jehanzeb Khan Khichi at a Ceremony in Lahore. At this occasion, Provincial Minister expressed his firm belief that Punjab Government will take every step to ease the difficulties of general public especially in the provision of public transport service.

Lahore Metro Bus is a vital infrastructure project of the city and over time it has turned out to be the backbone of the transportation network of the city. The project has not only provided affordable and reliable mass transit to the city residents but has also eased traffic congestion and resulting in reducing the pollution.

Veda commenced its operations in 2017, initially as a joint venture between Raaziq Group, Transit Associated and Pakistan Catalyst Fund (JS Bank + USAID) for operating Multan Metro Bus Feeder
Project. Over the years, Veda has gained expertise of operating Metro Buses and will now be managing Lahore Metro Bus Service for next 8 years.