Gamer Pakistan Subsidiary K2 Gamer Announces Super Mega Pakistan Universities Esports Championship 2023-24

45-Day Event Expected to Attract Over 1,500 Student Gamers and Features 1 Million PKR Prize Pool HENDERSON, Nev., Nov. 30, 2023 (GLOBE NEWSWIRE) — Gamer Pakistan Inc. (NASDAQ: GPAK), an early-stage technology and esports company focused on game development and in-game AI community engagement, and organizing esports events in Pakistan, today announced subsidiary K2 Gamer […]

45-Day Event Expected to Attract Over 1,500 Student Gamers and Features 1 Million PKR Prize Pool

HENDERSON, Nev., Nov. 30, 2023 (GLOBE NEWSWIRE) — Gamer Pakistan Inc. (NASDAQ: GPAK), an early-stage technology and esports company focused on game development and in-game AI community engagement, and organizing esports events in Pakistan, today announced subsidiary K2 Gamer has launched the Super Mega Pakistan Universities Esports Championship 2023-24, a groundbreaking event poised to captivate the nation’s gaming community. Set to kick off in the first week of December, this 45-day spectacle features an impressive 1 million PKR prize pool, promising intense competition among the country’s top student gamers.

K2 Gamer Pakistan is registered with the Security and Exchange Commission of Pakistan (SECP) and a wholly owned subsidiary of the Gamer Pakistan Inc., the first USA based Pakistan esports company. It is dedicated to advancing esports across educational levels. Through strategic partnerships, the organization has signed Memorandums of Understanding (MOUs) with over 120 universities, collaborating with its affiliate, Elite Sports Pakistan (ESP), to promote esports throughout academia.

The championship follows a meticulously designed format, spanning 16 conferences in the qualifier round, progressing through group stages, zonal qualifiers, quarterfinals, semifinals, and culminating in the grand finals. All matches will be live-streamed, with the event anticipating the enthusiastic participation of over 1500 student gamers from universities across the nation.

The Super Mega Pakistan Universities Esports Championship 2023-24 unfolds in a series of competitive stages. It all begins with 256 teams in the Qualifiers, where the top 128 advance to the Group Stages. From there, only the top 64 move on to the Quarterfinals, and then the top 32 secure a spot in the Semifinals. The final showdown narrows down to the top 16 teams, competing for supremacy in the Grand Finals. This structured format ensures an exciting and challenging journey for participants, culminating in the crowning of the ultimate esports champion.

This championship signifies a historic milestone in the esports landscape, spotlighting Pakistan’s vibrant gaming community on a national stage. The event is a testament to K2Gamer Pakistan’s commitment to fostering esports talent and providing a platform for the nation’s student gamers to showcase their skills.

“We are honored to announce that K2 Gamer’s Super Mega Pakistan Universities Esports Championship 2023-24 will begin in early December and run for a total of 45 days with a 1 million PKR prize pool,” said Muhammad Jamal Qureshi, CEO of K2 Gamer. “The size and scope of this championship is validation and recognition of the rapidly growing Esports industry and the tens of millions of Pakistani gamers, particularly at the University level. I would like to wish all of our competitors well.”

About K2 Gamer

K2GAMER is a registered entity dedicated to promoting esports growth in Pakistan. The company was founded in 2022 and is headquartered in Nowsher, Pakistan. K2GAMER organizes and hosts esports events for schools, colleges, universities, and professional gamers. The company is also involved in developing and marketing esports products and services. K2 GAMER is a 90% owned subsidiary of Gamer Pakistan.

About Gamer Pakistan

Gamer Pakistan Inc. (NASDAQ: GPAK), is an esports event development and product marketing company that was founded in November 2021 to create college, inter-university and professional esports events for all genders in Pakistan. Gamer Pakistan believes it is rapidly becoming the premiere university esports partner for secondary education institutions in Pakistan. Gamer Pakistan creates the formats and events to provide a competitive environment in which to unearth and nurture budding esports talent at the collegiate level. Operations are conducted through its subsidiary, K2 Gamer (PVT) Ltd., and affiliate Elite Sports Pakistan Pvt. Ltd. For more information visit www.gamerpakistan.com.

Forward-Looking Statements

All statements in this release that are not based on historical fact are “forward-looking statements.” While management has based any forward-looking statements included in this release on its current expectations, the information on which such expectations were based may change. Forward-looking statements involve inherent risks and uncertainties which could cause actual results to differ materially from those in the forward-looking statements, as a result of various factors including those risks and uncertainties described in the Risk Factors and in Management’s Discussion and Analysis of Financial Condition and Results of Operations sections of our recently filed Registration Statement on Form S-1, which can be found on the SEC’s website at www.sec.gov. We urge you to consider those risks and uncertainties in evaluating our forward-looking statements. We caution readers not to place undue reliance upon any such forward-looking statements, which speak only as of the date made. Except as otherwise required by the federal securities laws, we disclaim any obligation or undertaking to publicly release any updates or revisions to any forward-looking statement contained herein (or elsewhere) to reflect any change in our expectations with regard thereto or any change in events, conditions or circumstances on which any such statement is based.

Investor Relations Contact:
Chris Tyson
Executive Vice President
MZ North America
Direct: 949-491-8235
GPAK@mzgroup.us
www.mzgroup.us

GlobeNewswire Distribution ID 8987300

FBR Exceeds 5-Month Tax Collection Target of Rs. 3,480 Billion

The Federal Board of Revenue (FBR) has exceeded both the five-month tax collection target of Rs. 3,480 billion as well as the monthly target of Rs. 534 billion for November 2023.Sources said that FBR has collected Rs. 736 billion in revenue against th…

The Federal Board of Revenue (FBR) has exceeded both the five-month tax collection target of Rs. 3,480 billion as well as the monthly target of Rs. 534 billion for November 2023.

Sources said that FBR has collected Rs. 736 billion in revenue against the target of Rs. 534 billion in November 2023, registering a growth of 38 percent.

The tax department has collected Rs. 3,484 billion in revenue against the target of Rs. 3,480 billion during the first five months of the current fiscal year.

According to FBR, the collection in November 2023 posted a significant increase despite 54 percent higher refunds than the corresponding period of the previous year.

Sources said that the FBR has so far served three million tax notices to non-filers during the current fiscal year. The FBR has obtained the data of these people from the National Database and Registration Authority (NADRA).

Source: Pro Pakistani

Govt Keeps Petrol Price Unchanged, Diesel Sees Slight Cut

The caretaker federal government has announced the revised petroleum prices for the next fortnight.There has been no change in the price of petrol as it remains unchanged at Rs. 281.34 per liter. The price of high-speed diesel has been slashed by Rs. 7…

The caretaker federal government has announced the revised petroleum prices for the next fortnight.

There has been no change in the price of petrol as it remains unchanged at Rs. 281.34 per liter. The price of high-speed diesel has been slashed by Rs. 7 per liter to Rs. 289.71.

Similarly, the price of kerosene has been cut by Rs. 3.82 per liter to Rs. 201.16, while the price of light diesel oil has been reduced by Rs. 4.52 to Rs. 175.93. The new prices will be effective from December 1, 2023.

It is pertinent to mention here that at the last fortnightly review of petroleum prices, the government cut the price of petrol by Rs. 2.04 per liter while the price of high-speed diesel was slashed by Rs. 6.47 per liter.

Source: Pro Pakistani

Pakistan Bans Wheat Import from India and Israel

Pakistan has officially prohibited the import of wheat from India and Israel, as well as from countries facing international sanctions, including Cuba, Iran, North Korea, and Syria.Furthermore, the ban extends to wheat originating from Ukrainian regio…

Pakistan has officially prohibited the import of wheat from India and Israel, as well as from countries facing international sanctions, including Cuba, Iran, North Korea, and Syria.

Furthermore, the ban extends to wheat originating from Ukrainian regions under Russian control, including Crimea. Global trading companies are now required to adhere to Pakistan’s condition, refraining from supplying wheat sourced from the aforementioned countries.

According to an official document, a tender for the procurement of 110,000 metric tons of wheat has been initiated, specifying that the moisture content of the wheat should not exceed 14.5 percent. Additionally, the presence of extraneous elements such as soil must be limited to 1 percent.

The scheduled arrival of wheat, expected to be shipped to either Gwadar or the Karachi port, is set for February 12, with two vessels designated for transportation.

The Trading Corporation of Pakistan (TCP) recently issued an international tender for the procurement and import of 110,000 metric tons of wheat, as confirmed by European traders. The deadline for submitting price offers in response to this tender is December 27, with a prerequisite that the wheat originates from the latest crop.

The requested shipment is earmarked for the year 2024, with consignments of at least 50,000 tons expected to arrive during two distinct periods between January 10-15 and January 17-22. Compliance with the delivery timeline is crucial, as the wheat must be in Pakistan by February 12, 2024.

As part of the procurement process, the TCP retains the flexibility to purchase up to 10 percent more or less than the specified tender volume.

Source: Pro Pakistani