ISLAMABAD, JULY17: A concerning report regarding Pakistan’s current political instability that may impede economic recovery was provided by the American credit rating firm Fitch. Fitch Business Monitor International emphasized the essential nature of Pakistan’s economic recovery in its most recent Country Risk Report, noting that political unrest will have an impact on economic activity, the political climate is unstable and former prime minister and founder of the Pakistan Tehreek-e-Insaaf (PTI), Imran Khan, is set to stay in prison despite judicial triumphs. It stated that there are no urgent plans for new elections and that the coalition government led by the…
Author: Iqra Khan
ISLAMABAD, JULY17: The Mustafa (Peace Be Upon Him) Science and Technology Foundation (MSTF) and COMSTECH have announced the Young Scientists’ Fellowship Program (YSFP) to support young scientists from Islamic countries. According to an official of COMSTECH, the fellowship program will be conducted at the Sharif University of Technology, Tehran, Iran.The YSFP has been initiated to support talented youth with the cooperation of prestigious scientific institutes and reputable Research and Development centers. The fellowship program has been announced in the research areas of Mechanical Engineering, Renewable Energy and Turbines, IOT and ICT, Water and Environment, Oil and Gas, Earthquake, Electronics, Nano…
ISLAMABAD, JULY17: In an effort to further strengthen the friendship and cultural exchange between China and Pakistan, the 2024 “Chinese Bridge” Summer Camp for Pakistani students kicked off at the Jiangxi University of Science and Technology (JXUST) on 14 July in Ganzhou, China, marking the beginning of a two-week immersive experience for 20 Pakistani educators and students. Representing institutions including the Punjab University (PU), Lahore University of Management Sciences (LUMS), Allama Iqbal Open University (AIOU), and the Aitchison College in Lahore, the participants gathered in Jiangxi to embark on a journey of language learning and cultural discovery. The summer camp,…
ISLAMABAD, JULY17: A major automaker has awarded NETSOL Technologies a $16 million, five-year contract, marking a significant accomplishment. The agreement calls for utilizing NETSOL’s cutting-edge Otoz platform to modernize the automaker’s US dealership operations. The founder of Otoz and president of NETSOL, Naeem Ghauri, was excited about the partnership and referred to it as a significant turning point for the business. This contract expands on earlier US accomplishments, such as initiatives with AutoNation Mobility and MINI Anywhere.Ghauri emphasized how the Otoz platform has the ability to completely transform digital shopping in the car sector. The platform’s top-notch security and compliance…
ISLAMABAD, JULY17: Join the worldwide transition to a low-carbon, greener future. With China setting the pace for spectacular advancements in the new energy vehicle (NEV) industry, the green economy is currently the ultimate frontier in global industry rivalry. With outstanding 9.587 million NEVs produced and 9.495 million sold in 2023, China boasted year-over-year growth rates of 35.8% and 37.9%, respectively. China has led the world NEV market for nine years running thanks to this amazing accomplishment. Even more astounding, its NEV sales currently account for 31.6% of global car sales. With year-over-year growth rates of 30.7% and 32.5%, respectively, China…
ISLAMABAD, JULY17: Many parts of Pakistan are currently affected by a Facebook outage, which prevents users from accessing their accounts or publishing updates. Many of the impacted people have complained about this extensive disturbance. Some users have started utilizing VPNs to get around the issue and access the social media network again. While some have had brief respite from the ailment, many others still have it. People are using alternative channels to voice their frustrations and obtain additional information, which has prompted a lot of conversations on social media about the outage. Users are exchanging advice on how to access…
ISLAMABAD, JULY17: In Ulsan, South Korea, the first “hydrogen apartment” building in history has been built. All 437 homes that make up the Yuldong-With-U complex rely on hydrogen fuel cells for energy and heat. After a month of operation, the city of Ulsan will determine the cost of the hydrogen electricity and heat produced by this novel system. The apartments generated 840 MWh of electricity in June alone. In terms of traditional utility expenditures, that would come to about $108,286 (150 million won). Situated about 200 meters away from the complex, the Yuldong Combined Heat and Power Plant provides electricity…
ISLAMABAD, JULY17: Argentina’s 1-0 victory against Colombia in the Copa America final, Lionel Messi earned his 45th trophy, making history as the most decorated player in football. Messi has won four major titles with Argentina in just three years, adding this victory to his already stellar resume. Throughout his remarkable career, he won four Champions League championships with Barcelona and ten La Liga titles. Messi has now won 39 club championships in all, in addition to a World Cup victory on the international front. Messi’s journey took him from Rosario, Argentina, to international recognition. He has won multiple solo honors…
ISLAMABAD, JULY17: PIA is in the process of becoming privatized. With a fleet of 34 aircraft, 13 of which are on dry lease, the airline employs 304 people on average per aircraft. 10,323 persons are employed by PIA total; this number consists of 2,924 outsourced labor and 7,399 permanent employees. A number of issues were brought up at a recent briefing to the Standing Committee on Aviation of the National Assembly. One significant problem is the regulatory body’s financial limitations, which have kept the Pakistan Civil Aviation Authority (PCAA) from modernizing antiquated infrastructure at 22 airports throughout the nation.Similar financial…
ISLAMABAD, JULY17: Over 600 exhibitors from around the world, including Pakistan, are showcasing their textile products at TEXWORLD-2024 which began in New York on Tuesday. The exhibition, being held at the huge Javit’s Centre, was visited by a large number of buyers on the opening day. It will remain on view for three days. Described as United States’ east coast’s leading sourcing event, it is featuring thousands of fabrics and garments from hundreds of global textile manufacturers and suppliers in both the traditional and hybrid format.Sponsored by the Trade Development Authority of Pakistan (TDAP), seven Pakistani companies are among the…
