Habib Bank to expand remittance business

Updated 22 March 2014
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Habib Bank to expand remittance business

Overseas Pakistanis should be given more incentives to prompt them to send remittances home through legal channels, according to Hassan Raza, head of structured credits and global remittance business at Habib Bank.
In Saudi Arabia and the UAE, the construction sector is booming and they are hiring workers from Pakistan.
According to the official statement, they have a plan to hire 500,000 more labors. It would ultimately enhance the remittance volume to Pakistan.
Some important measures need to be taken to educate labors to send their remittances legally, Raza told Arab News in an exclusive interview.

Excerpts:
As you said, there is a need to boost remittances. So, what measures are you going to take to achieve the four to five million Pakistani rupee remittance target?
For this, we will have to take two to three important measures. Initially, there is a need to educate people to send their remittances legally. This will be beneficial to them. Furthermore, nobody will ask them the source of their money. Still, people send their money through illegal ways, but with persuasion from the State Bank, PRI and scheduled banks, the number of legal remittances are growing gradually. There is also a need to raise awareness among laborers. As they leave Pakistan for jobs, they should always adopt legal ways to send their remittances. The labors are mostly recruited through government agencies or government authorized agencies, but once they go they get trapped by illegal agents there.

Is it possible to offer incentives in air tickets or other travel facilities for the relatives of overseas Pakistanis here?
Exactly, you are right. This should be implemented. The Pakistan government has already issued the card, but most of the people are not aware of these facilities. Such types of incentives are beneficial for the people. I have already discussed this s topic here with different people and they opine that relief should be given to overseas Pakistani in custom duties, or if he is bringing car with him he should be given relaxation in custom duty. In my opinion, depending on the remittance volume, he should be given VIP treatment at Pakistan s airport.

Pakistan receives $14 billion foreign exchange and takes a $6 billion loan from the IMF. Hence overseas Pakistanis should be given more importance and offered lucrative incentives. Isn’t it?
I totally agree with your perception. When we interact with our labor community we offer them gifts, we share their happiness as well. We offer them prizes through raffle draws. Similarly they get some benefits and recognition and I agree with you such benefits should be given at government level as well. In Saudi Arabia and the UAE, construction work is booming and they are hiring workers from Pakistan. According to the officials, they have a plan to hire 500,000 more labors. It would enhance the remittance volume in Pakistan. Some important measures need to be taken to encourage labors to make legal remittances.

Are our embassies in the Middle East helpful and what are their initiatives?

First of all, we have to prioritize our objects. Usually, overseas Pakistanis send their remittances from all over the world but a big chunk is received from Middle East. Our embassies help in the matter, but there is much more to be done. On our Independence Day, they hold functions and Pakistanis participate in them. That provides an opportunity to us. Furthermore, when the consulate staff visit labor camps, they can educate our people to send their remittances legally. It would bring some improvement. It is a national cause and every one of us should play our role. In this regard, Philippines can be taken as a role model for us. That country also receives a significant volume of foreign exchange.

You have mentioned the rebate problem. If this problem is not solved how would you be able to achieve your targets?

To resolve this issue, I discussed it with the government authority and urged the State Bank too though the present government has taken some measures to resolve the issue bringing some improvements as well. Our Finance Minister Ishaq Dar has promised to release some more funds for this purpose. This rebate issue is a talk of the town and the disbursement should be in time to expedite foreign exchange.

Why to break the transaction in parts and why the SR25 policy is still valid?

This should be abolished, but the banks have already done a lot of work on it. You can observe yourself. If someone is sending money four times in that way, banks and the State Bank can check him easily. That is not an easy task now.

What are the new products to be introduced in the markets in the near future?

If you observe, banks have same type of products. Two years ago we introduced our main product, which is called Cash Over the Counter (COC). This product has gained significant popularity among the customers. The other products are Account Credit and Account to Account. Another product is Third Party Payment. For example, if someone sends me money and he has an account in another bank, I send that in his particular bank account and it will be credited to his account. With the technological advancement, receiving and paying the amount can be done very promptly. One more is Pardes Card. The State Bank also showed a lot of interest in it. It is like a prepaid card. If someone sends you the money, the card gets loaded up promptly. That card can be utilized at the bank and anywhere else simply like your ATM card. It is free from withholding text, and interest and profit are also offered on it. It is equal to opening your account. Once you receive that card, you don’t need to visit your bank. As someone sends you the money, your card will be loaded up automatically. But I would also explain to you that the card could not gain as much popularity as it should be. I think people still prefer to visit their bank branch for transactions. I reiterate that the people who send remittances must be given more incentives.


Saudi defense minister meets with Chinese envoy to Kingdom

Updated 50 sec ago
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Saudi defense minister meets with Chinese envoy to Kingdom

  • Session attended by several high-ranking officials from both sides

RIYADH: Saudi Minister of Defense Prince Khalid bin Salman met with Chinese ambassador to the Kingdom Chang Hua on Sunday.

The meeting focused on reviewing the strong relations between the two nations and discussing various issues of mutual interest, Saudi Press Agency reported.

The session was attended by several high-ranking officials from both sides, SPA added.


King Salman approves hosting of 1,000 Umrah pilgrims from 66 countries

The Kaaba can be seen at the Grand Mosque in Makkah. (@AlharamainSA)
Updated 21 min 46 sec ago
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King Salman approves hosting of 1,000 Umrah pilgrims from 66 countries

  • Pilgrims will be hosted in four groups during the current Islamic year which ends in the final week of June 2025
  • Minister said the hosting of the pilgrims is an extension of the great care that Saudi leadership takes to serve Islam and Muslims

RIYADH: Saudi Arabia’s King Salman has approved the hosting of 1,000 pilgrims from 66 countries to perform Umrah as part of the Custodian of the Two Holy Mosques Programme for Hajj, Umrah, and Visit.

The pilgrims will be hosted in four groups during the current Islamic year which ends in the final week of June 2025.

The Minister of Islamic Affairs, Call, and Guidance and general supervisor of the Hajj and Umrah program Sheikh Abdullatif bin Abdulaziz Al-Sheikh thanked the Saudi leadership for enabling Muslims from different countries of the world to perform the minor pilgrimage with ease and peace of mind.

The minister said the hosting of the pilgrims is an extension of the great care that the leadership takes to serve Islam and Muslims.

He added it would strengthen the bonds of brotherhood among Muslims in various parts of the world and develop fruitful communication between scholars and influential figures who are hosted by the program.

The program has benefitted people from more than 140 countries since it was launched, the minister said.


Old school, new love: Analog tech captures hearts in Saudi Arabia

Updated 10 min 42 sec ago
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Old school, new love: Analog tech captures hearts in Saudi Arabia

  • Community bound by love of old gadgets that help enrich the present

RIYADH: In an era marked by digital convenience, analog technology is steadily making a comeback, with everything from vinyl records to film cameras experiencing a renaissance around the Kingdom.

Driven by a blend of nostalgia, artistry, and an appreciation for the tactile, this resurgence reflects a deeper cultural shift toward mindfulness and intentionality.

Arab News spoke to enthusiasts and entrepreneurs about the beauty, challenges, and personal connections that analog offers over its digital counterparts.

The resurgence of analog formats is a reminder that technology can be more than just a tool. (AN photo by Waad Hussain)

For music lovers, vinyl offers an experience that is impossible to replicate digitally. Fawaz Al-Sulaim, owner of Bohemia Records, said: “Experiencing music through vinyl or cassette brings you closer to it, like you’re there with the artists in the studio. You go through every song on the album as intended.”

Vinyl’s allure lies not just in its sound but also in its tangible presence. Holding a vinyl record offers a sense of ownership often missing in digital music, where ownership is more of a fleeting license.

Al-Sulaim said: “Analog represents physical media coming back — not just in a technical sense but as something people can hold on to.”

HIGHLIGHTS

• As Saudi Arabia invests in art, culture, and heritage, there is hope that analog’s value will continue to be recognized and supported.

• With the rise in interest, local communities and businesses are emerging to cater to this renewed passion for analog.

This revival is not limited to vinyl. Bohemia Records has seen an increase in CD sales, suggesting that physical formats resonate with people’s desire to own and cherish music collections.

The appeal of analog does not stop at music. In photography, the return to film presents a refreshing contrast to digital’s immediacy.

Film rolls ready for development at Haitham Studio Film Lab, where each roll holds captured memories and stories from Saudi photographers. (Photo by Abdulrahman Al-Osaimi)

Haitham Al-Sharif, founder of Haitham Studio Film Lab in Riyadh, spoke to Arab News about film photography’s unique character, saying: “Film requires patience, thought, and a connection with the moment. You’re fully present, considering every exposure.”

Al-Sharif, who began his film processing journey at home, has seen a surge in Saudi interest, with his studio now serving thousands across the Gulf region.

Haitham Studio’s clients include people from seasoned photographers to students experimenting with their parents’ vintage cameras.

An eclectic display of analog nostalgia and rock memorabilia, featuring classic vinyl records, retro audio equipment, and books on music icons—capturing the spirit of vintage and punk culture. (AN photo by Waad Hussain)

He said: “People come in for graduations, weddings, and even casual shots with disposable film cameras. Each frame has meaning, and the photographer remembers every shot.”

Running a film lab, however, is not without challenges. “We rely on older machines, specialized chemicals, and skilled technicians, which aren’t always easy to source locally,” Al-Sharif explained, adding that the support of Saudi Arabia’s growing art and tourism sectors could enhance this particular industry’s growth.

For retro tech enthusiasts like Zain Al-Mansour, the appeal goes beyond functionality. He said: “Listening to music on vinyl or snapping pictures with a vintage camera offers a joy that’s similar to making espresso — you savor the process as much as the end result.”

Film negatives hang to dry at Haitham Studio, reflecting the lab’s dedication to preserving the authenticity and art of analog photography. (Photo by Abdulrahman Al-Osaimi)

With an affinity for devices that evoke memories, Al-Mansour recently acquired a first-generation Tamagotchi, to help rediscover the simplicity and wonder of childhood technology.

Analog devices engage users on a personal level, prompting a more deliberate interaction than today’s instant gratification.

Al-Mansour said: “Retro tech is fascinating because it takes you back to a simpler time. The aesthetics of these devices, the physicality, and even the sounds they make add to their charm.”

A film negative passes through the scanning machine at Haitham Studio, bridging the analog and digital worlds to bring treasured moments to life. (Photo by Abdulrahman Al-Osaimi)

For others, analog represents a form of self-expression. Bashayer Al-Bloushi sees a unique beauty in analog’s imperfections, which bring out details often missed in digital formats.

“Film photography forces you to capture moments with intention. There’s no instant review, so you’re careful about each frame,” she said.

For Al-Bloushi, analog provides a richer experience that digital cannot offer, allowing for a deeper connection to each captured moment.

A retro cassette collection at Bohemia Records, showcasing a variety of genres and rare finds that capture the essence of analog music. (Photo by Fawaz Al-Sulaim)

Saja Al-Zahrani spoke about how analog media lets people embrace a slower, more mindful approach.

Al-Zahrani said: “There’s a warmth in vinyl’s crackle or film’s grain that digital can’t match.

“With analog, people reconnect with something real, something authentic.”

This tactile experience of using film or vinyl requires more focus, turning each interaction into a rewarding moment.

The value of analog media extends beyond nostalgia for Ebtsam Al-Dossary. Having grown up with film cameras, she sees them as reliable memory-keepers.

She said: “A camera doesn’t just store images; it keeps your memories safe. Digital files can vanish, but a physical photo endures.”

For Al-Dossary, the resurgence of analog formats is not just a trend; it’s a meaningful way to capture and remember moments more authentically.

As digital convenience reigns, this analog revival may underscore a collective yearning for experiences that slow us down, engage our senses, and encourage a mindful appreciation of art, music, and memories.

Whether it is the crackle of a vinyl record, the anticipation of developing a roll of film, or the tactile joy of a retro gadget, analog’s comeback offers a refreshing alternative to the fast-paced digital world.

In today’s digital landscape, the resurgence of analog offers a bridge between past and present, inviting us to reconnect with timeless traditions and meaningful experiences.

For enthusiasts across Saudi Arabia, this revival is about more than simply reverting to older technology — it is about rediscovering a different kind of connection, one in which every sound, image, and moment is fully appreciated.

Analog’s revival is redefining how Saudi society interacts with technology, pushing back against the trend of disposability and transient media. Each record played, photo developed, or gadget cherished represents a conscious choice to engage deeply with the experience.

Analog enthusiasts find joy in the imperfections, the weight of physical media, and the permanence these formats offer — qualities that digital often lacks.

With the rise in interest, local communities and businesses are emerging to cater to this renewed passion for analog. Haitham Studio and Bohemia Records are not just stores but spaces for Saudi artists, photographers, and music lovers to connect and share their passions. These communities thrive on a shared understanding of the value in slowing down and appreciating the process, rather than just the result.

In Riyadh, Al-Sharif has seen the effect firsthand. “We see customers coming back weekly, sometimes with friends, eager to develop their latest film rolls or browse the latest records,” he said. This sense of community is not just about shared interests; it is about shared values.

While the digital world offers unprecedented convenience and accessibility, analog serves a different purpose. Al-Sharif believes that both can coexist harmoniously. “Digital is essential for instant documentation, but analog is about timeless experiences,” he said.

Al-Zahrani, too, emphasizes that analog does not negate the value of digital but rather offers an alternative that complements it. “Both formats have their place, but analog asks something of you: it asks you to be present, to commit to the moment,” she said.

As Saudi Arabia invests in art, culture, and heritage, there is hope that analog’s value will continue to be recognized and supported. Whether through dedicated spaces like Haitham Studio or local events celebrating vintage tech, these efforts help sustain a trend that is not only about looking back but also about enriching the present.

The resurgence of analog formats is a reminder that technology can be more than just a tool. It can be an experience, a memory, and a form of art.

 


Saudi authorities foil attempted smuggling of $2m worth of Captagon pills

Updated 17 November 2024
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Saudi authorities foil attempted smuggling of $2m worth of Captagon pills

  • Customs Authority also discovers 403,124 Pregabalin, 1,990 Tramadol unlicensed, prescription-only pills

JEDDAH: Saudi Arabia’s counter-narcotics authorities on Sunday foiled attempts to smuggle $2 million worth of Captagon drugs and nearly half a million unlicensed Pregabalin and Tramadol pills.

The Zakat, Tax and Customs Authority said in a statement that it had seized the illegal drugs and unlicensed pills at King Abdulaziz International Airport in Jeddah; the inland Dry Port in Riyadh; and Al-Batha Port.

Authorities at the airport in Jeddah found 200,000 Captagon pills hidden in mail parcels containing household utensils. The drugs have a street value ranging from $2 million to $5 million. 

Captagon, a type of amphetamine, is used by young men and teenage boys across the Middle East and has a street value of between $10 and $25 a pill, according to research by the International Journal of Addiction Research.

The attempt to smuggle Captagon into the Kingdom was the second in less than a week. Counter-narcotics authorities uncovered a shipment of 12 million amphetamine pills on Wednesday at the Red Sea port of Jeddah which had been hidden inside a container of building materials.

The authorities also thwarted the smuggling of 403,124 unlicensed Pregabalin pills at the inland Dry Port near Riyadh. Pregabalin is a prescription-only drug for anxiety, epilepsy, and nerve pain treatment, but its abuse has led to several deaths in Saudi Arabia, the UAE and Jordan. In countries such as the UK it is illegal to buy or possess Pregabalin without a medical prescription.  

An attempt to smuggle 1,990 unlicensed Tramadol pills — a prescription-only painkiller — and 500 grams of Shabu was thwarted at Al-Batha Port. The Customs Authority said the Shabu was found hidden in a shipment of washing machines.

The Customs Authority and the General Directorate of Narcotics Control have announced the arrest of 10 people in connection with the drug smuggling cases.


Authorities bust drug smugglers across Saudi Arabia

Updated 49 min 4 sec ago
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Authorities bust drug smugglers across Saudi Arabia

  • In Jeddah, a Pakistani resident and a Saudi citizen were arrested for selling hashish

RIYADH: Saudi authorities recently made several drug-related arrests and confiscations in operations across the Kingdom, the Saudi Press Agency reported on Sunday.

In Asir’s Al-Raboah sector, Border Guard patrols intercepted 80 kg of qat.

In Jazan’s Al-Dayer governorate, six Ethiopians were arrested for smuggling 90 kg of qat, while another attempt involving 19 kg was also thwarted.

In Jeddah, a Pakistani resident and a Saudi citizen were arrested for selling hashish.

Meanwhile, in Asir’s Al-Farshah governorate, a citizen was caught smuggling qat hidden in his vehicle.

Preliminary legal procedures have been completed for all the individuals involved and all seized items have been handed over to the relevant authorities, who have called on the public to report all information regarding drug smuggling or selling by calling 911 in Makkah, Riyadh, and the Eastern Province, and 999 in the rest of the Kingdom.

Alternatively, authorities may be contacted by email at [email protected].

Reports of suspected cases of drug smuggling are treated with strict confidentiality. Financial rewards are offered for information leading to arrests.