Pakistan is Open for Business, PM Shehbaz Explains in Riyadh.

Saleh Kabeer
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Pakistan is Open for Business, PM Shehbaz Explains in Riyadh.

Pakistan is Open for Business, PM Shehbaz Explains in Riyadh.

PM Shehbaz declares Pakistan open for business, highlight opportunity.

The three-day Future Investment Initiative Summit (FII), sometimes known as “Davos in the Desert,” is being held in Riyadh, the capital of Saudi Arabia, to examine issues facing the world economy. He suggests different ideas about business in Riyadh.

The prime minister is in attendance. He suggested different ideas for business in Riyadh.

Technology is a “great equalizer, which can cut through social, cultural, and financial boundaries, and empower those who are qualified to utilize it,” the prime minister claimed in his speech.

He remarked, “I have observed with great satisfaction how young men and women are establishing their careers in Pakistan, just as I have seen in Riyadh.

Saudi Influence Growing as “Davos in the Desert” Expands.

“Pakistan is the fourth most popular nation for independent contractors. Take into account the following: a sizable, young, digitally savvy population; and a sizable unmet demand that can in no way supply current production methods.

Investors and businesspeople here can see the significance of this enormous demand, he claimed.

Shehbaz claimed that “global warming is upon us” due to the fact that severe temperatures are altering weather patterns and upsetting the harmony of the natural world and its ecosystems.

With less than 1% of global carbon emissions, countries like Pakistan are particularly vulnerable to the effects of climate change, he claimed, citing recent flash floods that submerged one-third of the nation.

This entirely caused climate change and was not our doing. Therefore, the northern hemisphere must comprehend that the nations that have suffered from climate-related torrential destruction need to be supported and provided the necessary assistance in terms of technology and design to have a resilient infrastructure.

According to Shehbaz, the recent flash floods affected over 33 million people and claimed the lives of more than 1,700 people.

Washington and Riyadh will Resolve their Dispute, A Saudi Minister Claims.

The prime minister praised friendly nations’ help, praising the Kingdom of Saudi Arabia in particular for their “timely support.”

In his concluding remarks, PM Shehbaz stated that clean energy is the engine of the new economy as society places a higher value on sustainability.

In order to meet Pakistan’s peak load demand, he said, “As Prime Minister of Pakistan, I am leading from the front for the development of 10,000 MW of solar power.”

He also stressed the importance of moving toward renewable energy for developing nations like Pakistan, which cannot afford to import oil and gas at exorbitant prices.

“While the market is booming with a young, rising population, we are also modernizing our infrastructure. Additionally, he noted, the government supports private businesses as the engine of the economy.

I’d want to invite the present investors to step forward and make an investment in the renewable energy sector,” he stated.

PM Shehbaz Suggested About Business in Riyadh.

Shehbaz also suggested that FII take into account setting up a satellite center in one of Pakistan’s top colleges in order to examine the nation’s quickly expanding market and encourage innovation among its young people.

To harness this capacity, he said, “the satellite may become the hub of a network of researchers, innovators, investors, and service providers,” which, if optimized, would propel Pakistan to a high degree of social and economic growth.

Davos-style investment conference with hundreds of CEOs and financial titans scheduled on Tuesday in Riyadh. Analysts predict that this event will emphasize Saudi Arabia’s geopolitical clout despite tense relations with the US.

PM Shehbaz will speak with the Saudi Crown Prince during his two-day visit to Riyadh in order to assess their long-standing friendship and discuss ways to further deepen their numerous areas of collaboration, particularly in the economy.

The FII, which was established in 2017, serves as a showcase for Crown Prince Mohammed bin Salman‘s Vision 2030 growth plan, which aims to entice global finance and talent and wean the Saudi economy off of oil by developing new industries that also provide jobs for millions of Saudis.

According to FII organizers, this year’s edition attracted 7,000 delegates, up from 4,000 in 2017.

Imran Khan Reach Liberty Chowk After Friday’s Prayers: PTI Long March

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Imran Khan Reach Liberty Chowk After Friday’s Prayers: PTI Long March

Imran Khan Reach Liberty Chowk After Friday's Prayers: PTI Long March

Imran Khan to launch Azadi PTI Long March from Liberty Chowk in Lahore

The arrangements have been finalized for the PTI Long march. Former prime minister Imran Khan is staying at their residence Zaman Park amid strict security.

Imran Khan will leave for Liberty Chowk after Friday’s Prayers with the leadership that is senior of party.

Pakistan Tehreek-e-Insaf (PTI) has finalised the complete schedule of the Imran khan-led that is long march.

Plan for the long march

  • After Friday prayers, the lengthy march will formally begin at Liberty Chowk in Lahore.
  • On Friday night, the PTI marchers will reach their first goal, which is Shahdara Interchange, from Liberty Chowk.
  • Following Imran Khan’s speech on Friday, the PTI marchers will remain at Shahdara.
  • The long march will resume on Saturday in order to reach Gujranwala, where it will end.
  • The lengthy walkers will arrive at Gujrat on Sunday, where Pervaiz Elahi, the chief minister of Punjab, and Moonis Elahi will greet them. Between Gujrat and Jhelum, the PTI marchers will camp in Sarai Alamgir.

Read more: Long March to Launch On Friday from Lahore: Imran Khan

  • Usman Dar, the PTI leader, will welcome the marchers in Sialkot. Usman Dar’s residence will serve as Imran Khan’s lodging.
  • Fawad Chaudhry, the core leader of the PTI, will host the marchers in Jhelum on Monday.
  • The march led by Imran Khan will remain in Rawat on Tuesday after passing through Gujar Khan. The leader of PTI will speak to the demonstrators in Rawat.
  • Imran Khan will put the finishing touches on his plan to advance to Islamabad on Wednesday. The PTI workers will join the marchers in Rawat in convoys from South and North Punjab.
  • Convoys from Sargodha, Chakwal, Mianwali, Bhakkar, and Layyah will join the main rally. The PTI central leaders will choose whether to proceed to Faizabad for the next stop.
  • Convoys from Khyber Pakhtunkhwa (KP), Gilgit-Baltistan (GB), and Azad Jammu and Kashmir (AJK) would be led to Islamabad according to a plan that will be devise.
  • On Saturday, PTI convoys from Multan, Rahim Yar Khan, Sukkur, and Karachi will join the main rally at Shahdara Interchange.
  • To give them a break, PTI workers will be include in the main rally.
  • It will take four to six days for the Imran Khan-led rally to get to the federal capital.

Interior ministry pens letter to all provincial govts

head of Pakistan Tehreek-e-Insaf’s (PTI) long march towards Islamabad, the Interior Ministry has reiterated that no political party would be allowed to destablise state ‘through powerful measures’.

Based on details, the ministry that is interior down a letter to all of the provincial governments and Azad Jammu and Kashmir (AJK) and Gilgit-Baltistan (GB) governments.

“It is imperative that federal and governments being provincial work in unison and follow the constitutional conditions to maintain law and order in the country,” the ministry said in the notification.

“The importance of adhering to the Constitution and laws of the land by all relevant including the area that is federal/provincial/special can hardly be over-emphasised since it is an obligation for all governments under the constitutional and legal framework of the country,” the letter stated.

British American Kickboxer Andrew Tate Converted to Islam

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British American Kickboxer Andrew Tate Converted to Islam
British American Kickboxer Andrew Tate Converted to Islam

British-American kickboxer and influencer, Andrew Tate accepted Islam.

Born in Chicago and was raised in Luton, the previous kickboxer previously described Islam as ‘the last true religion in the world’ and he has now confirmed after a video of him praying in a mosque went viral he is Muslim himself, Now Andrew Tate Converted to Islam.

Tate, a‘success that is self-proclaimed, made the announcement on one of his remaining social media accounts called Gettr. “This is why I’m Muslim. Any Christian who believes in good and understands the battle that is true evil must transform. So show patience, indeed the promise of Allah is TRUTH Quran 30:60,” read his note.

Why did he record pray?

“Andrew may have said no, he knows this could hurt their already situation that is controversial social networking, but he did it himself. By God, it was a visit that is special the mosque. Only he and it was desired by me personally. We planned it days ago, but he reminded me personally to get,” Khan said today.

We did this to make certain that people could understand genuine side of him, and this ended up being his first time in the mosque, and what a method to start his journey, as we continued Saturday night towards the mosque to pray, and I spoke at length in regards to the Qur’an, hadiths and those things of the Prophet Muhammad, may God’s prayers and peace be upon him, and misconceptions about Islam, and so on.“ I am happy”

Religious and Praying

He noticed that what they did was a means to motivate children that are young to feel ashamed of being religious and praying. “We agreed it was for impact or a fake following that it shouldn’t be shown on a podcast or any such thing else, because people would claim. No one is perfect, but thank God he has a heart that is great pure intentions,” Khan said

Concluding, Khan called on his followers to allow Tate to announce the news headlines the way in which he desires, pointing out that changing the lifestyle is not a quick thing, but accepting the truth and believing as he described it that it is necessary, because the next day is never guaranteed in full

USAID Dialogue on Education with Public Sector Universities.

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USAID Dialogue on Education with Public Sector Universities.

USAID Holds Dialogue on (HE) with Public Sector Universities

Through USAID, the US government organized Vice Chancellors’ Dialogue.

Vice Chancellors’ Dialogue organized with public sector universities as part of its five-year, $19 million Higher Education System Strengthening Activity (HESSA).

USAID top leadership shared their experiences working with HESSA, including reflections on best practices in academia, research, and governance learned during their US study tour, as well as ideas for making the program more demand-driven.

HESSA is being implemented in collaboration with 16 Pakistani public sector universities and other stakeholders, with a focus on improving universities’ capacity to deliver market-driven education and research in order to improve graduate employability.

This goal will be met through three components: improving leadership, governance, and management at Pakistani universities; increasing the relevance, quality, and accessibility of higher education; and improving support services for students throughout their lives.

“We are proud that our commitment to the education sector has helped lay the foundations for continued economic growth and development,” said Anne Flaker, Director of Education Office, USAID.

“The Higher Education Commission is collaborating closely with the US government to strengthen Pakistan’s higher education system and develop a cadre of expertise and leadership in research, policy making, capacity building, student services, and financial aid,” said Dr. Mukhtar Ahmed, Chairman of the Higher Education Commission.

Samsung Predicts Chip Demand Recover till 2023

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Samsung Predicts Chip Demand Recover till 2023

Samsung Predicts Chip Demand Recover till 2023.

Samsung Q3 profit plunges 31% due to chip demand economic crisis.

The top memory chip and smartphone manufacturer Samsung in the world claimed that despite economic headwinds, Chip Demand for its semiconductors may rebound later in the next year as new data centers and computers need more memory.

This was noticeably more optimistic than its smaller rival SK Hynix (000660. KS), which on Wednesday cut expenditure by more than 50% and warned of an “exceptional downturn” in the demand for memory chips.

Samsung’s (005930. KS) operating profit fell to 10.85 trillion won ($7.7 billion) in the July-September quarter, down from 15.8 trillion won the previous year, the company‘s first year-on-year drop in nearly three years.

This was consistent with Samsung’s earlier estimate of 10.8 trillion won. Revenue increased 4% year on year to 76.8 trillion won.
Profit in its chip business dropped to 5.12 trillion won from 10.07 trillion won the previous year.

Although Samsung’s fourth-quarter earnings are expected to fall further as memory chip prices continue to fall, analysts believe the company will be able to defend profits better than peers due to economies of scale.

According to Daishin Securities analyst Wi Min-bok, Samsung is expected to keep capital expenditure cuts to a minimum in 2023 versus 2022 – at around 5% for memory chips – to continue its migration into more advanced manufacturing, which will initially curtail supplies of certain chips due to the new production process.

This contrasts with rivals SK Hynix and Micron Technology’s (MU.O) plans to reduce investment by more than 30% next year.
Samsung’s mobile business profit fell slightly to 3.24 trillion won from 3.36 trillion won a year ago, as a market downturn was offset by stronger demand for high-end smartphones and newly launched wearables.

KMC taking action against use of plastic bags

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KMC taking action against use of plastic bags

KMC taking action against use of plastic bags

Karachi Metropolitan Corporation re-bans polythene bags’ manufacturer.

Karachi Administrator Barrister Murtaza Wahab stated on Wednesday the KMC’s Anti-Encroachment Department was action that is using shop owners who utilized plastic bags on a daily basis in various districts of the city. “Plastic shopping bags will be confiscated and other actions, including lawsuits and fines, is going to be taken against the manufacturer,” the administrator warned.

On directives of the Karachi administrator and under the supervision of KMC Senior Director Anti-Encroachment Department, Imran Rajput, strict actions were being taken against the usage and sale of synthetic bags. A number that is large of bags had been confiscated from various shops in East and South districts.

The operation was carried out in Gulshan-e-Iqbal, Bahadurabad, and adjacent areas, as well as in the District South, synthetic bags were seized from Saddar and Clifton in District East. The procedure against the application of synthetic bags had been also performed in District Korangi. Huge contingent of police and Rangers ended up being also present during the operation.

Along with all the operation against plastic bags, encroachments including, tables, seats, gas cylinders, and other products, were taken out of the road and confiscated by the teams that are anti-encroachment.

Throughout the operation in District Central’s Nazimabad, encroachments were taken from outside of the shops. The shopkeepers were directed to keep everything within the premises of their store otherwise they’d be confiscated, and action that is disciplinary additionally be taken against them.

Pharmaceutical Companies Plan to Restart Making Paracetamol.

Saleh Kabeer
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Pharmaceutical Companies Plan to Restart Making Paracetamol.

Pharma companies Plan to Restart Making Paracetamol.

According to a formal Announcement released by the Finance Ministry on Wednesday, the Pharmaceutical Companies and the Government have agreed on new Paracetamol product Prices and the start of production.

According to the Ministry of Finance, the event happened after Federal Minister for Finance and Revenue Ishaq Dar met with the leaders of significant pharmaceutical companies businesses to discuss the retail pricing of paracetamol products.

In the announcement, it was stated that the “pharma industry agreed upon the reduced pricing of paracetamol 500mg tablet at Rs2.35, paracetamol extra 500 mg at Rs2.75 and syrup at Rs117.6, which is roughly half the price rise proposed them.”

Additionally, the announcement indicated that paracetamol product production has begun.

The change occurs just days after Panadol Tablets (or generic paracetamol), Panadol Extra Tablets, and Children’s Panadol Liquid Range production was put on hold due to a force majeure declaration GlaxoSmithKline Consumer Healthcare (GSKCH).

The company stated that it wrote “many letters to various government stakeholders on the serious issue of extraordinary and rapid increase in paracetamol (raw material) costs in Pakistan” in a filing to the Pakistan Stock Exchange (PSX) on Friday.

However, media reports claim that after a protracted delay, the latter denied the same without providing any explanation to the corporation.

Pharmaceutical Companies are Unable to Raise Prices

The Drug Regulatory Authority of Pakistan (DRAP) controls drug pricing in Pakistan, therefore pharmaceutical Companies are unable to raise prices without the authority’s approval.

The agreement was negotiated between the government and GSKCH, not the “entire pharma industry,” according to Dr. Kaiser Waheed, a former chairman of the Pakistan Pharmaceutical Manufacturers’ Association (PPMA), the organization that represents pharmaceutical businesses.

Waheed claimed that negotiations between the government and the pharmaceutical business were ongoing. The government, he continued, “stated that it cannot afford to pay any subsidies.

The PPMA issued a warning last month that if the DRAP does not hold negotiations by Monday, October 3, it will raise the cost of a few medications.

Iqra Aziz has Withdrawn From a Project Starring Feroze Khan.

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Iqra Aziz has Withdrawn From a Project Starring Feroze Khan.

Iqra Aziz has withdrawn from a project starring Feroze Khan.

Iqra Aziz exits the project with Feroze Khan amid abuse allegations.

Iqra Aziz was last seen in “Khuda Aur Mohabbat” Season 3 alongside Feroze Khan, and they also appeared together in “Pinjra” alongside Imran Ashraf, directed and produced by Wajahat Rauf.

Following Aliza Sultan‘s recent accusations, the “Ranjha Ranjha Kardi” actress took to Instagram with the hashtags #saynotoviolence and #supportwomen, saying, “To remain silent in the face of injustice is to side with the oppressor.”

“In light of the current domestic violence situation, I have made the difficult but necessary decision to withdraw my project with Feroze Khan as a show of support for victims of domestic violence. I support Aliza Sultan in her quest for justice, as well as more strength and power for you “She said.
The project is reportedly a Geo production form that Iqra Aziz has walked out of.

ALSO READ: https://rockedge.pk/feroze-khan-denies-allegations-of-domestic-ex-wife/

Several Pakistani celebrities also expressed their support for Aliza Sultan after she testified in court about domestic abuse. The celebrities are also calling for Aliza‘s justice.
Feroze, on the other hand, denied all of his ex-allegations, wife’s calling them “untruthful.”

 

Shoaib Akhtar Desire Virat Kohli to Retire from T20Is

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Shoaib Akhtar Desire Virat Kohli to Retire from T20Is

Shoaib Akhtar Desire Virat Kohli to Retire from T20Is

Shoaib Akhtar praises Virat Kohli’s memorable T20 World Cup innings.

Rawalpindi Express developed an take that is Virat Kohli that is unexpected regarding star batter’s T20I career, advising him to retire from the shorter format of the game.

“He is straight back with a bang. We would like him to retire from T20I him to put his energy that is entire into cricket because i really do not want. Today with comparable commitment like, he is in a position to score three centuries in ODIs,” Akhtar said on the YouTube channel.

Akhtar, who’s supported Kohli during their stage that is low it the ‘biggest’ performance of his life.

“when you are down, self-confidence has to be revived when confidence gets consolidated, the smoothness gets channelised and Virat Kohli is a personification of the identical,” Akhtar said.

“He played the biggest innings of his life. He could have fun with the knock he said because he previously the character and self-belief.

Akhtar, who played 46 Tests and 163 ODIs, also lauded the efforts of this Pakistan team.

“Pakistan have done marvelously well. Do never be down, you all actually played well. India did really well… they won one of the better matches in history. It had been a World Cup that is match that is complete. It had every thing… dropped get, run-out, no-ball, controversies, stumping,” Akhtar said on their YouTube channel.

“World Cup has simply started, the World Cup starts only whenever India-Pakistan play and also the two teams will when more face off. Pakistan might find India again, later on these days that is global.”

Twitter on Deadline to Stop ‘Overpaying’ Elon Musk

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Twitter on Deadline to Stop ‘Overpaying’ Elon Musk

Twitter on deadline to stop 'overpaying' Elon muskSAN FRANCISCO: Musk appears to be on track to meet a Friday deadline.

Because he wants to complete his on-again, off-again deal to buy Twitter, avoiding a trial over the $44 billion contract, which he admits is overpriced.

Following Elon Musk’s attempt to terminate the sale, Twitter filed a lawsuit to compel Musk to honor the agreement he signed in April to purchase the social media giant with a trial on the horizon, the volatile billionaire capitulated and resurrected his takeover plan.
Musk indicated that the deal was on track Wednesday by changing his Twitter handle to “Chief Twit” and posting a video of himself carrying a sink into the company’s California headquarters.

“Let that sink in!” he remarked:

“I think we’ll get an announcement on Friday saying that Elon Musk has purchased Twitter,” said Adam Badawi, a law professor at the University of California, Berkeley Since Delaware Judge Kathaleen McCormick paused litigation on October 6, Musk, the world’s richest man, has reportedly been lining up financing.

If the buyout does not close by the end of the business day, the judge will likely “bring the hammer down” and proceed to trial as soon as possible, according to Badawi.

Musk attempted to back out of the Twitter deal soon after his unsolicited offer was accepted, saying in July that he was misled by Twitter about the number of fake “bot” accounts, allegations that the company denied.
Twitter, for its part, sought to demonstrate that Musk, the CEO of Tesla, was making up reasons to leave simply because he changed his mind.

During a recent Tesla earnings call, Musk stated, “I’m excited about the Twitter situation.”
“I think it’s an asset that has sort of languished for a long time but has incredible potential, although obviously myself and the other investors are currently overpaying for Twitter.”

Twitter free-for-all:

According to the Washington Post, while pitching the deal to investors, Musk stated that he intended to lay off nearly three-quarters of Twitter’s workforce that report came as a surprise in the Twitter office, where some employees who would prefer not to work for Musk have already left, according to a worker who requested anonymity in order to speak freely.
“But some people, including myself,” the employee said of Musk, “are willing to give him the benefit of the doubt for the time being.”

“The more I learn about him, the less I like him, but I find it amusing that he brought a sink to the headquarters as a joke.”
Activists are concerned that Musk’s leadership of the site will open the door to more abusive and misleading posts.

He has vowed to dial content moderation to a bare minimum, paving the way for former US President Donald Trump to return to the platform.
The then-president was barred from acting because of fears that he would incite more violence, such as the deadly attack on the Capitol in Washington, to overturn his election loss.

Musk:

Musk will essentially be given control of Twitter and will be in charge of the often-divisive global platform once the transaction is completed.
“The current Twitter board is likely to be fired; Musk will appoint directors who are friendly to him, and he will appoint management,” Badawi predicted.

He doubted Musk’s desire to be CEO because he already runs Tesla, SpaceX, Neuralink, and the Boring Company.
Trump now posts on his own, much smaller platform, Truth Social, and has vowed not to return to Twitter even if Musk takes over.
The former president, who is considering a presidential run in 2024, has 4.18 million followers on Truth Social, compared to 88.8 million on Twitter.

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