Islamabad, Oct 28: Toyota Indus Motors Halts Production On Monday, Toyota Indus Motors Company Limited (PSX: INDU) notified the primary stock exchange of its decision to temporarily halt operations at its production facility from October 29, 2024, to October 31, 2024, inclusive. According to the statement, the business is now dealing with persistent supply chain issues and low levels of raw material and component inventory. As a result, there are currently insufficient parts and components needed to produce vehicles. Consequently, the business is unable to fulfill its production needs. “Consequently, the Company has decided to temporarily suspend operations at its…
Author: Mawadat Fatima
Islamabad, Oct 28: Infinix has unveiled the eagerly awaited Infinix HOT 50 and the Infinix HOT 50 Pro Plus in Pakistan for anyone who loves good technology at an affordable price. As much as people know Infinix for delivering attractive products with great features at affordable price point, the company looks to have set its sight back at the entry level market with these new models assuring user experience enhanced by developments in performance and camera abilities. It is therefore necessary to look at what makes these models interesting additions to the smart phone mix in Pakistan. Key Features of…
Islamabad, Oct 28: MCB Leverages High CASA to Strengthen Financial Position Conforming to its policy and most entertaining to the shareholders, MCB Bank Limited (MCB) has declared an interim of Rs9/ share in addition to Rs 18/ share previously declared in 1HCY24. Annualising the bank’s 9MCY24 net profit at Rs 4.8 billion represents an amazing 10 percent yoy increase. The playbook remains similar to 1HCY24, focusing on High CASA and low-cost deposits, backed by non-core income and further cost-saving efforts High CASA Credit to customers on the other hand rose to Rs 791.83 billion, an improvement by Rs 258 billion, and…
Islamabad, Oct 28: The recent press conference by the Pakistan Association of Automotive Parts & Accessories Manufacturers (PAAPAM to unveil the Pakistan Auto Parts Show (PAPS 2024). The event that is likely to be one of the biggest records in history of auto parts industry of Pakistan was coordinated by Syed Nabeel Hashmi, the Chief Organizer of PAPS 2024 along with Usman Aslam Malik, the Chairman of PAAPAM. Paps 2024 convener Rehan Riaz and Executive members TAufiq A. Sherwani, Muhammad Nasim, Iftikhar Ahmad Mumshad Ali and Sheikh Mehboob Ashraf were also present at the occasion. In the briefing, Syed Nabeel…
Islamabad, Oct 28: The National AI Policy has not yet been finalized by the Ministry of Information Technology and Telecommunication. National AI Policy is a developing field, and governments are preparing to implement policies, procedures, and processes to maximize its potential benefits while reducing the risks that come with it. Since June 2023, the Ministry of IT and Telecom has posted the Draft Policy on its website in an effort to get input from all parties involved. An Artificial Intelligence Policy Committee has already been established by the Ministry of IT and Telecom to complete consultation and polish the document.…
Islamabad, Oct 28: Oil prices are tumbling with the opening of trading in Asia as dealers breathe a sigh of relief that Israel’s Saturday strikes on military targets in Iran spared the country’s oil installations. The price of North Sea Brent for delivery in December fell by 4.02 percent, to $72.99, while West Texas Intermediate plunges by 4.17% to $68.79. Oil prices rose sharply following Iran’s October 1 ballistic missile attack on Israel, but they had already begun to fall after peaking on October 7 as it became clear Israel would likely restrict its reprisal to avoid sparking a wider…
Islamabad, Oct 28: The Pakistan Auto Show held in 2024 was a landmark point for BYD Company; it is an international manufacturer and seller of electric vehicles. The presence of BYD has generated a lot of sensation, as the company intends to introduce environmentally friendly, quality cars into a market which so far was characterized by fuel powered vehicles. This debut shows BYD’s willingness to bring sustainable transportation to Pakistan for correspondence with the country’s increasing focus on RE&GM. The Chinese automotive firm whose name is an acronym for Build Your Dreams has caused quite a stir in the…
Islamabad, Oct 28: Samsung could be releasing two Types of the Galaxy Z Fold7 next year. Galaxy Club reported that the South Korean company is currently preparing three new foldable phones named B7, Q7M.B7 and Q7 are said to be the Galaxy Z Flip7 and the Galaxy Z Fold7 respectively; Q7M points to another version of Galaxy Z Fold7 inasmuch as it is under development with Q7.Is Q7M actually the Galaxy Z Fold7 Special Edition or the Galaxy Z Fold Special Edition? Another such device might very well be the tri-folding that is said to be in development by Samsung.…
Islamabad, Oct 28: Gary Kirsten Resigns as Pakistan’s White-Ball Coach Amid Reshuffling in Coaching Staff Just six months after being hired by the PCB on a two-year deal in April 2024, Kirsten resigned just one week before Pakistan’s ODI series in Australia got underway. According to information obtained by ESPNcricinfo, a public statement will be released shortly. Since the PCB opted to deprive Pakistan’s recently hired coaches, Kirsten and Jason Gillespie, of selection authority, leaving that power solely in the hands of a selection committee they would no longer participate on, a gulf had been growing between the two parties.…
Islamabad, Oct 28: There are many surprises in Cricket Australia’s T20I Squad team for the forthcoming series against Pakistan at home. Australia T20 Squad for Pakistan Series: Sean Abbott Tim David Spencer Johnson Xavier Bartlett Nathan Ellis Glenn Maxwell Adam Zampa Jake Fraser-McGurk Matthew Short Marcus Stoinis Aaron Hardie Cooper Connolly Josh Inglis Following their Test players’ decision to skip the T20I Squad against Pakistan in order to concentrate on the Border-Gavaskar Trophy match against India, which starts a few days after the conclusion of this series, the weakened Australia team was revealed. With Josh Inglis, Adam Zampa, and Matt…
