Islamabad, Nov 20: Pakistan has developed 36 cannabis-based products, as revealed in a briefing to the National Assembly Standing Committee on Science and Technology. The session outlined progress in scientific research, particularly by the Pakistan Council of Scientific and Industrial Research (PCSIR). PCSIR Chairman Dr. Hussain Abidi highlighted the creation of cannabis products and voiced concerns about potential challenges in marketing them. He also mentioned the labs’ achievements, including the production of election ink and earning Rs. 2.5 billion in exports over the last three years. The discussion underscored the importance of advancing pharmaceutical research, with PCSIR expected to contribute…
Author: Mawadat Fatima
Islamabad, Nov 20: Minister of State for Information Technology and Telecommunications, Shaza Fatima Khawaja, has urged TikTok to utilize its platform for educational purposes. Speaking on Wednesday, Khawaja emphasized the potential of TikTok to impart various skills and basic education, assuring the Ministry of IT’s full support in achieving this objective. During a meeting with a TikTok delegation led by Director of Public Policy, Emir Gelen, Khawaja highlighted the importance of fostering quality and productive content on social media platforms. The discussion also included IT Secretary Zarrar Hasham Khan, who was present to support the conversation. According to a news…
Islamabad, Nov 20: E-Bikes Scheme Punjab Key Update for Students The Punjab government has raised the number of e-bikes available under the Chief Minister Youth Initiative, as reported by ARY News on Wednesday. The allocation has been increased from 20,000 to 27,200 bikes. A representative from the Punjab Transport Department confirmed that, following the instructions of Chief Minister Maryam Nawaz, orphaned students will receive bikes free of charge. Additionally, all female students who applied for electric bikes will also receive their bikes. The Bank of Punjab has approved loans for 20,000 students to purchase bikes. So far, 7,500 bikes have…
Islamabad, Nov 20: PM Orders FBR to Take Action Against Sugar Mills for Hoarding and Evading Taxes In a recent meeting at the Prime Minister’s House on the country’s economic situation, the Prime Minister directed the Federal Board of Revenue (FBR) to take action on various key sectors, including steel, cigarettes, cement, and beverages. He also instructed the FBR, Federal Investigation Agency (FIA), and Intelligence Bureau (IB) to investigate these sectors thoroughly. The Prime Minister emphasized the need for effective monitoring of the sugar sector, particularly under the track and trace system, to ensure accurate tax payments on production, sales,…
Islamabad, Nov 20: IBEX Limited Buys Back Over 3.5 Million Shares from TRG Associate Company in Strategic Move TRG Pakistan Limited (PSX: TRG) has disclosed that its affiliate, The Resource Group International Limited (TRGI), has finalized an agreement with its portfolio company, IBEX Limited (Nasdaq: IBEX), under which IBEX has repurchased around 3.56 million IBEX shares from TRGI. The total value of the transaction is $70 million, made up of $45 million in cash and $25 million in seller financing. The purchase price of $19.65 per share is based on the last closing price before the deal announcement and the…
Islamabad, Nov 20: Chery is establishing the world’s first GWh-level all-solid-state battery production line in Wuhu, Anhui Province, with equipment delivered to the site on November 18. Covering 100,000 square meters, the project is part of a solid-state battery industrial park developed in collaboration with Anhui Anwa New Energy and the Wuhu Economic and Technological Development Zone. The facility will feature a 5 GWh research and development center and an automated production line with a capacity of 1.25 GWh, marking the world’s first large-scale solid-state battery production line. Solid-state batteries, known for their safety, environmental friendliness, and higher energy density compared…
Islamabad, Nov 20: Jazz, Pakistan’s top digital operator, has launched the ‘Digit Z1’, a dual SIM 4G LTE phone offered with an easy installment plan to boost digital connectivity and make affordable technology more accessible. The device, priced at PKR 9,800, can be purchased with an initial down payment of PKR 5,180, followed by six monthly installments of PKR 770. It is available at Jazz Business Centers and selected retail locations, with payment options through JazzCash and Kuickpay. The ‘Digit Z1’ is compatible with all mobile networks and comes preinstalled with popular apps such as JazzCash, Tamasha, YouTube, WhatsApp, and…
Islamabad, Nov 20: Govt Sees 3x More Hajj 2025 Applications with Installment Plan The Ministry of Religious Affairs’ decision to allow installment payments for Hajj charges has resulted in a significant increase in applications this year. Official records show that 4,774 applications were submitted in the first two days, compared to just 1,300 during the same period last year. Out of the total, 4,734 applications were made under the regular government Hajj scheme, while 40 were submitted through the sponsorship scheme. The regular scheme requires an initial payment of Rs. 200,000 with the application, and if selected through the lottery,…
Islamabad, Nov 20: Xiaomi’s SU7 Breaks Production Record, Boosting Q3 Growth and Setting New Milestones Xiaomi has set a new record by producing 100,000 cars in just 230 days, nearly halving the previous record held by Aito. The company’s third-quarter results reflect significant growth, with revenue rising 30.5% to 92.5 billion yuan, and net profit increasing to 6.3 billion yuan. Cash reserves also reached a record high of 151.6 billion yuan. The success is largely attributed to Xiaomi Auto’s SU7 model. As more customers opted for its Pro and Max versions, the average selling price of the SU7 grew. In…
Islamabad, Nov 20: IDEAS 2024 Pakistan Unveils Advanced Third-Generation Haider Tank, a Game-Changer in Military Technology At the International Defence Exhibition (IDEAS) 2024 in Karachi, Pakistan unveiled its latest armored warfare innovation, the third-generation Haider tank. This new addition to the country’s defense arsenal follows the success of the Al-Zarrar and Al-Khalid tanks, reinforcing Pakistan’s capabilities in tank manufacturing. Developed by Heavy Industries Taxila (HIT), the Haider tank is designed to address the challenges of modern warfare. HIT engineer Inza Aqeel highlighted that the tank integrates advanced technology to meet current combat demands. The Haider is powered by a 1,200-horsepower…
