Islamabad, Sep 20: The Local Government Department of Khyber Pakhtunkhwa has released a report indicating that a staggering 90 percent of housing societies in the province are either illegal or unregistered. Only 10 percent, amounting to just 80 societies, have proper registration. Key Findings: Illegal Societies: 495 out of 822 housing societies (60%) are deemed illegal. Unregistered Societies: 247 societies (30%) are unregistered. Distribution by Division: Dera Ismail Khan: 254 societies Peshawar: 247 societies Malakand: 77 societies Hazara: 74 societies Bannu: 73 societies Mardan: 67 societies Kohat: 30 societies The report emphasizes the need for caution among the public when…
Author: Mawadat Fatima
Islamabad, Sep 20: Citi Pharma Limited (PSX: CPHL), Pakistan’s largest API manufacturer, has made history by becoming the first company in the country to receive FDA approval for its nutraceutical products in the United States, with a formal launch scheduled for September 2024. Approved Categories Citi Pharma received FDA approvals in the following areas: Fertility Weight Management Stress and Mood Booster Hair & Skin Care Joint and Muscle Pains This approval enables the company to enter the competitive US market, allowing it to export finished nutraceutical products. Product Line Citi Pharma offers a diverse range of products, including: Tablets Capsules…
Islamabad, Sep 20: Master Changan is set to launch its highly anticipated Deepal SUV S07 and Sedan L07 on September 20, 2024. These electric vehicles, developed in collaboration with CATL, Huawei, and Changan, aim to introduce cutting-edge technology to Pakistan’s automotive market. Key Specifications Deepal L07 (Sedan) Power: 250 HP / 320 Nm Battery: 66.8 kWh Driving Range: 540 km 0-100 km/h: 5.9 seconds Charging: 30% to 80% in 35 minutes Deepal S07 (SUV) Power: 250 HP / 320 Nm Battery: 66.8 kWh Driving Range: 485 km 0-100 km/h: 6.7 seconds Charging: 30% to 80% in 35 minutes Pricing Deepal…
Islamabad, Sep 20: TRG Pakistan Limited, a shareholder in The Resource Group International Limited (TRGI), announced a significant restructuring plan for its portfolio company, Afiniti Limited, which aims to enhance its financial standing and growth prospects in the AI technology sector. Key Highlights of the Restructuring Plan: Debt Reduction and Maturity Extension: The plan includes a substantial reduction in Afiniti’s current senior debt and extends the maturity of this debt over multiple years. Recapitalization: The restructuring will recapitalize Afiniti’s balance sheet, allowing senior lenders, existing preferred shareholders (including TRGI), and Afiniti management to retain significant equity interests in the business…
Islamabad, Sep 20: In today’s digital age, Pakistan’s struggle to achieve competitive internet speeds is becoming increasingly apparent. While countries like the United States and many in Europe and the Arab world set minimum broadband speeds of 100 Mbps or more, Pakistan’s average broadband speed remains a mere 10-20 Mbps, significantly below the global average of 78.62 Mbps, according to Speedtest.net. This digital divide hinders Pakistan’s global competitiveness, stifles innovation, and restricts access to the digital economy. Shahzad Arshad, Chairman of the Wireless and Internet Service Providers Association of Pakistan (WISPAP), highlights the outdated and fragmented nature of Pakistan’s internet…
Islamabad, Sep 20: As of August 31, 2024, the total portfolio of the Central Directorate of National Savings (CDNS) reached Rs. 3.1 trillion, accounting for 10% of banking deposits and 7% of domestic debt. Key Highlights: Customer Base: CDNS serves approximately 3 million customers through a network of 370 centers nationwide. Functions: As part of the Finance Division, CDNS aims to promote savings, support government financing, and ensure financial inclusion and social security for vulnerable segments of society. Breakdown of Savings Instruments: Defence Savings Certificates: Rs. 404 billion Bahbood Savings Certificates: Rs. 1,046 billion Regular Income Certificates: Rs. 261 billion…
Islamabad, Sep 20: WhatsApp has introduced a new feature to help users identify which chats are consuming the most memory on their devices. This enhancement addresses concerns about storage issues and allows users to see their most active chats. How to Check Chat Memory Usage: Open WhatsApp on your mobile phone. Tap the three dots (Menu) in the upper right corner. Select “Settings”. Go to “Storage and Data”. Click on “Manage Storage”. This feature will help users understand which conversations are using the most space, allowing for easier management of their storage. Future Updates: Meta has also announced plans to…
Islamabad, Sep 20: The solar industry is projected to grow by nearly one-third in 2024, with an addition of 593 gigawatts (GW) of capacity, surpassing previous forecasts. China is set to lead this expansion, contributing 334 GW, which accounts for 56% of the global total. This new solar capacity for 2024 is expected to exceed the 540 GW of additional coal power added worldwide since 2010. According to a report from the Ember think tank, this marks a 29% increase from the previous year, following an impressive 87% surge in 2023. Euan Graham, an electricity data analyst at Ember, noted…
Islamabad, Sep 20: Russia will provide modern agricultural machinery to Pakistan to improve crop yields and agricultural productivity. This announcement came during a meeting between Russian Deputy Minister of Industry and Trade Aleksei Gruzdev and Pakistan’s Minister for Industries, Production, and National Food Security Rana Tanveer Hussain in Islamabad. Both officials emphasized the importance of balancing trade between their countries. Rana Tanveer highlighted the necessity for advanced agricultural equipment and assured that the Pakistani government would facilitate Russian investors. Additionally, Pakistan and Russia signed a Memorandum of Understanding (MoU) to enhance economic and trade cooperation. The signing ceremony, attended by…
Islamabad, Sep 20: Hezbollah Chief Denounces Israeli Attacks as Warplane Sonic Booms Rattle Beirut In a televised speech, he stated that these attacks, which resulted in 37 fatalities and approximately 3,000 injuries, represent a significant and unprecedented military blow to both Hezbollah and Lebanon. Nasrallah’s comments came amid reports of sonic booms from Israeli warplanes over Beirut, highlighting the tense atmosphere. He asserted that the scale of the assault has overwhelmed Lebanese hospitals and inflicted considerable damage on Hezbollah’s operational capabilities. While Israel has not officially responded, security sources suggest that these attacks may have been orchestrated by its Mossad spy…
