Islamabad, Dec 13: The carmaker notified the primary stock exchange on Friday that Indus Motor Company Limited (PSX: INDU) would temporarily halt operations from December 16 to December 31, 2024. In a public filing, the business stated, “We would like to inform you that the company has scheduled its annual maintenance activities for the plant involved in the manufacturing and assembly of vehicles.” The company stated that it has decided to temporarily halt operations at its production site from December 16, 2024, to December 31, 2024, in light of the previously announced activities. The business is in charge of marketing,…
Author: Iqra Khan
Islamabad, Dec 12: The server component of OpenSSH on Linux computers has a serious vulnerability, according to a Cyber Security Advisory released by the Pakistan Telecommunication Authority (PTA). This vulnerability, known as “regreSSHion” and identified as CVE-2024-6387, permits unauthenticated remote code execution (RCE) as root. OpenSSH versions 8.5p1 through 9.7p1 are vulnerable, and there is a serious chance that the entire system could be compromised. The alert claims that OpenSSH’s integration with glibc is the source of the vulnerability, which leaves systems open to possible exploitation. To fix the problem, OpenSSH maintainers have published security fixes. The PTA emphasized the…
Islamabad, Dec 12: The official winter vacation timetable for schools has been released by the Punjab government. Beginning on December 20, 2024, and lasting until January 10, 2025, the break will provide workers and students with a 20-day vacation. Noting that Punjab’s public and private schools will use the same dates, Secretary Khalid Nazir Wattoo underlined the significance of preserving a balanced academic calendar. Parents are urged to engage in beneficial activities throughout the holiday in addition to relaxing. In addition to encouraging good habits throughout the winter months, it’s a chance to spend quality time with kids. It is…
Islamabad, Dec 12: Data on teachers interested in voluntary retirement, especially those between the ages of 50 and 55, has been requested by the School Education Department from district education authorities. Information on teachers who have completed 25 years of service has also been gathered, according to department sources. The agency has asked schools to submit this information as soon as possible, including the designation, date of birth, posting, and educational background of teachers who are looking to retire. According to additional sources, the department has about 8,000 senior instructors with FA qualifications and 12,000 matriculation-qualified teachers. In the meantime,…
Islamabad, Dec 12: Vivo seems to be preparing the launch of a new sub-brand named Jovi. Chinese smartphone makers frequently develop sub-brands to target particular market niches. This action is in line with the company’s past with its iQOO sub-brand and is reminiscent of rival Xiaomi’s Redmi and Poco strategies. Because Vivo has already associated the term Jovi with its AI assistant and system applications, users may be familiar with it. Recent events, however, suggest that Vivo might be transforming Jovi into a unique smartphone brand. Three forthcoming smartphones with the Jovi moniker are revealed by records from the GSMA…
Islamabad, Dec 12: For all eligible iPhone and iPad models, Apple has formally launched iOS 18.2 and iPadOS 18.2. The changes, which include a number of additions and enhancements, are now accessible to the general public after a beta testing phase and two release candidate builds. Important Updates and Features in iOS 18.2 Significant changes are included in iOS 18.2, especially for Siri, which now connects with OpenAI’s ChatGPT. By utilizing ChatGPT’s sophisticated features, this allows Siri to respond to increasingly complicated queries while protecting user privacy by guaranteeing that requests stay anonymous. Users can also sign in with their…
Islamabad, Dec 12: The fourth edition of Invest2Innovate’s (i2i) main project, the Pakistan Startup Ecosystem Report 2024 (PSER 2024), has been formally issued. Prominent figures from Pakistan’s entrepreneurial ecosystem, investors, legislators, and other important players were present at the report’s launch event, which took place at a nearby hotel. The ecosystem has undergone a major reset following the investment boom of 2021–2022, therefore the report comes at a critical moment. The ecosystem’s focus has switched from quick growth to creating lucrative, sustainable firms based on good unit economics, as investments have fallen from $355 million in 2022 to barely $37…
Islamabad, Dec 12: The sale of 11.3343 percent of Treet Battery Limited (TBL) shares has been completed by Treet Corporation Limited (PSX: TREET). TREET declared in a notice to the Pakistan Stock Exchange (PSX) that, as of November 30, 2024, 99,977,721 shares had been successfully liquidated. The company’s stake in TBL now represents 85.76 percent of its paid-up capital as a result of this disposal. Additionally, the Board examined and accepted TBL’s request to issue additional shares without rights issues in order to convert a portion of its intercompany loan and accrued interest into equity. TBL has asked for Rs.…
Islamabad, Dec 12: Atif Ikram, president of the Federation of Pakistan Chambers of Commerce & Industry (FPCCI), has called on the federal government to restore the Export Finance Scheme (EFS) to its pre-Finance Act 2024 state as soon as possible. He said that the textile industry and associated sectors had suffered as a result of the Act’s changes, which eliminated sales tax exemptions and zero-rating on domestic materials used in export manufacture. Ikram voiced serious worries about the industry’s large losses and the widespread shutdown of spinning facilities. He pointed out that the national exchequer has suffered significant losses as…
Islamabad, Dec 12: In order to expedite the $5–6 billion refinery upgrading projects in Pakistan, the federal government has chosen to temporarily increase the inland freight equalization margin (IFEM) on gasoline, diesel, kerosene, and light diesel oil by Rs. 2.5 per liter. In order to finance the improvement initiatives, this increase will be transferred into ESCROW accounts. According to a national newspaper, this change is merely a stopgap measure until the next government budget. The Petroleum Division will draft a statement for the approval of the Economic Coordination Committee (ECC) after the Oil and Gas Regulatory Authority (OGRA) has been…
