ISLAMABAD, AUGUST 7: Investors were notified by the Pakistan Stock Exchange on Wednesday that BF Biosciences Limited has submitted an application to be listed on the Main Board of PSX. Using the Book Building Method, a total of 25 million ordinary shares with a par value of Rs. 3 each will be issued in the Initial Public Offering, with a floor price of Rs. 55/-per share. The issue’s lead manager is Arif Habib Limited. The Securities & Exchange Commission of Pakistan (SECP) has told us via Circular No. 16 of 2023, dated November 08, 2023, that the company’s draft prospectus…
Author: Mawadat Fatima
ISLAMABAD, AUGUST 7: Lets Read is an initiative that aims to build a community for book sharing. The app is called LetsRead – Books for Everyone and it is available on both Google Play Store and Apple’s App Store. To make books more accessible to people who cannot buy them, LetsRead urges book owners to give their books or sell them for a reduced price. Let’s Read seeks to link individuals with the books they want while assisting book enthusiasts in more effectively managing their collections by offering a marketplace for both readers and sellers. By listing both new and used titles,…
ISLAMABAD, AUGUST 7: Legal questions have been raised about the appointment of former Pakistani cricket player Waqar Younis as an advisor to Mohsin Naqvi, the chairman of the Pakistan Cricket Board (PCB). Mashkoor Hussain, a citizen, has petitioned the Lahore High Court to contest Younis’s appointment as invalid. Respondents to the petition include Waqar Younis, the PCB, and the federal government. It was filed through attorney Nadeem Sarwar. Hussain’s appeal calls into question Younis’ appointment procedure. It raises questions about the board’s governance because it claims that the PCB circumvented established protocols while being run by Naqvi. The petitioner cited…
ISLAMABAD, AUGUST 7: On Wednesday, Pakistan has obtained debt rollover guarantees from China, Saudi Arabia, and the United Arab Emirates (UAE) for a year. Pakistan and the IMF last month came to an agreement at the staff level for a fresh $7 billion loan program. However, it was stated that the country in South Asia required financial guarantees from bilateral donors in order to receive the final approval from the IMF board for the new bailout. On Tuesday, “Pakistan has secured commitments to roll over debt for a year from China, Saudi Arabia, and the United Arab Emirates.” “Pakistan has…
ISLAMABAD, AUGUST 7: Due to the Khyber Pakhtunkhwa Chief Minister’s hectic schedule, the Peshawar Education Board results have been postponed. According to sources, the announcement of the results was expected by August 4th or 6th. According to another report, the Chief Minister’s Secretariat was asked by the Khyber Pakhtunkhwa Department of Education to set aside time several days ahead of schedule, with the hope that the results would be released by August 4th or 6. The delay, though, is the result of the Chief Minister’s hectic schedule. The Chief Minister has not been able to set aside time for the…
ISLAMABAD, AUGUST 7: At the Pakistan Institute of Medical Sciences (PIMS), robotic surgery will be introduced by the Ministry of National Health Services, Regulation and Coordination. The prime minister’s coordinator, Dr. Malik Mukhtar Ahmed Bharath, is upbeat about the advantages of this cutting-edge technology for patients. He also emphasized the possibility for foreign job prospects and medical tourism for regional medical professionals. It is important to note that the Punjab Health Department received a PC-I project proposal from King Edward Medical University (KEMU) earlier this year that included robotic surgery at Mayo Hospital. With a stated “100% success rate,” this…
ISLAMABAD, AUGUST 7: The two squads announced by the Pakistan Cricket Board (PCB) are for the Pakistan Shaheens vs. Bangladesh A test series and the two-match Test series between Pakistan’s senior team and Bangladesh in the ICC World Test Championship. The first Test of the eagerly awaited series will take place in Rawalpindi from August 21–25. After that, the second Test, which is slated to take place in Karachi from August 30 to September 3, will take place there. As both sides look to move up in the World Test Championship standings, these games are vital. The Pakistan Shaheens team,…
ISLAMABAD, AUGUST 7: Analysts projected that Apple’s lucrative agreement with Google would be jeopardized if the agreement is revoked, as the Alphabet-owned search engine was found to be operating an illegal monopoly, according to Reuters. Wall Street analysts suggested on Tuesday that Google may be able to avoid antitrust lawsuits by ending the contract that sets its search engine as the default on Apple devices. Morgan Stanley analysts estimate that Google pays Apple $20 billion a year for the privilege, or around 36% of its revenue from search advertising made through the Safari browser. According to expert estimates, the iPhone…
ISLAMBAD, AUGUST 7: According to three people briefed on the results, Nvidia has approved the usage of a variant of Samsung Electronics’ fifth-generation high bandwidth memory (HBM) chips, known as HBM3E, in its artificial intelligence (AI) processors. The largest memory chip manufacturer in the world, who has been battling to overtake regional rival SK Hynix in the competition to produce cutting-edge memory chips that can manage generative AI tasks, has cleared a significant obstacle with this qualification. The sources stated that although Samsung and Nvidia have not yet signed a supply agreement, they plan to do so shortly in order…
ISLAMBAD, AUGUST 7: The World Bank (WB) will work with the Punjab government to achieve quick development in a number of sectors, including agriculture, health, and education, according to Punjab Senior Minister Marriyum Aurangzeb. The World Bank (WB) and the Punjab government have come to an agreement on reducing poverty, promoting social and economic development, enhancing the environment, and eliminating smog. The Punjab Senior Minister, Marriyum Aurangzeb, presided over a meeting where ministers from the departments of education, health, industry, agriculture, local government, and irrigation examined this arrangement. Terms were agreed upon during the meeting with a senior World Bank…