Samsung Predicts Chip Demand Recover till 2023

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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

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.

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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 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 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 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.

Launches Online Portal to Generate Balanced Question Paper for Student

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Punjab launch Online Item Bank System for question paper in 65k school

The change comes after the provincial School Education Department (SED) directed the PEC to track technical input on the revision, improvement, and implementation of the Assessment Policy Framework (APF), which went into effect in 2020.
In this regard, PEC has established IBS based on international standards to assess the quality of question papers for students in the province.

According to the details, the new system will generate balanced question papers with universal keys and rules for each class and subject in a single click. Its goal is to ensure that students are evaluated consistently.
Furthermore, a comprehensive security feature has been embedded in the system to compel schools to only use it for a paper generation.

ALSO READ: https://rockedge.pk/quaid-e-azam-university-shines-in-the-world-university-rankings-2023/

PEC’s Chief Executive Officer (CEO), Tariq Iqbal, explained that it contains approximately 300 questions for each subject and that the system will generate 25-question papers for each class and subject. It will include MCQs as well as comprehensive-related questions.

Murad Raas, Punjab’s Minister of School Education, inaugurated the IBS and stated that it was established to help students develop their skills. He also revealed that the exam will consist of 50% MCQs and 50% comprehension questions.

Initially, the Punjab government had decided to regularize thousands of teachers in public sector institutes that are educational.
Another summary followed it for the recruitment of thousands of educators the Ministry had sent the summary to hire over 16,000 educators in public sector institutes that are educational.

PM Shehbaz China Visit is Expected to Accelerate CPEC.

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PM Shehbaz China Visit is Expected to Accelerate CPEC.

PM Shehbaz Sharif to visit China sign agreements for CPEC cooperation.

PM Shehbaz china visit will be accompanied by a high-level team, including Foreign Minister Bilawal Bhutto Zardari, according to a statement from the Foreign Office.

Li Keqiang, the People’s Republic of China‘s Premier of the State Council, invited the prime minister to make the trip.

“The visit is also expected to advance the wide-ranging bilateral cooperation agenda with the conclusion of a number of MoUs/ Agreements in diverse areas, and consolidate the momentum of CPEC cooperation in the wake of the 11th meeting of the CPEC Joint Cooperation Committee (JCC) on 27th October 2022,” it added.

This would be the first PM Shehbaz China visit since assuming office in April 2022 and following his meeting with President Xi Jinping in Uzbekistan on 16th September 2022. Prime Minister will be among the first leaders to visit China following the historic 20th National Congress of the Communist Party of China.

“The visit of the prime minister continues the frequent exchanges of top-level delegations between Pakistan and China. According to the statement, “The Prime Minister will meet with President Xi Jinping and hold delegation-level discussions with Premier Li Keqiang. The two sides will also review their All-Weather Strategic Cooperation Partnership and discuss current domestic and international events.

Earlier, on October 25, Crown Prince Mohammed bin Salman invited Prime Minister to visit Saudi Arabia. The Crown Prince and several of his entourage met with the Prime Minister privately while he was in the Kingdom. During his visit to Saudi Arabia, he also spoke at the Future Investment Initiative (FII) Conference.

 

Faisal Vawda claims Arshad Sharif’s murder planned in Pakistan

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Faisal Vawda alleges Arshad Sharif murder was pre-planned, conspired.

Arshad Sharif was shot dead in Kenya allegedly by the authorities that is regional Sunday night, with the state police declaration later expressing “regrets on the unfortunate incident” and saying an investigation was underway Faisal Vawda said.

Initially, Kenyan news quoted the police that is local saying Sharif had been shot dead by authorities in an instance of “mistaken identity”.

Nevertheless, amid widespread condemnation and condolences, Prime Minister Shehbaz Sharif announced on Tuesday that a commission that is judicial be formed to probe the journalist’s killing.

In a press conference at the Islamabad Press Club today, Vawda vowed to reveal the reality behind Sharif’s killing. “No evidence or Arshad’s mobile or laptop will undoubtedly be found because they have been erased.

“This is a cold-blooded planned murder,that he was in experience of the journalist since the afternoon Sharif left the country” he alleged, saying.

“It is being said that around 20 bullets were shot and Arshad Sharif was killed. But this failed to happen. According to me, he was shot in the vehicle or range that is near. He received 2 bullets, in the relative head and chest, not 20 bullets.”

Vawda claimed that the tale regarding a child’s kidnapping surrounding the journalist’s murder was false, saying that when a young child ended up being contained in the vehicle, why would the police fire that is open.

“This was cold prepared murder that is brutal of Arshad Sharif in this automobile, perhaps not anyone else.”

The PTI leader said that he won’t name the social people involved in the criminal activity. “i’ve made a video and now have given names of those people i’ve given those names internationally. I’ve given huge amount of money. I have a clear message, then you’ll be killed too. if i am shot and killed”

He went on to claim that the “conspiracy regarding the journalist’s murder started when FIRs (first information reports) had been lodged against Arshad Sharif”, alleging that the journalist was not ready to leave the country.

“The conspirators scared him and made him desperate to go out of the country. Then reached Dubai also it was said that the establishment or an organization that is unnamed pressure to have him out  but this is also false and a lie.

“He stayed in Dubai as per the visa limit, with regards to expired then he had to leave. The diversion to London was told but he didn’t go there,” Vawda claimed.

He said that Arshad Sharif was steadfast in his stance and he could be purchased by no one. “In the times which can be coming will uncover all the curtains. I’ve told my children then as gifts you will get their health too if something happens in my experience.

“No normal individual could have sent Arshad Sharif to Kenya. Who hid him and was in contact with him in Kenya? Behind it are those conspirators and liars who want to break the nation, break my party and damage this country,” he alleged.

Vawda additionally advertised that the establishment was in connection with Arshad Sharif. “He ended up being ready to come back to Pakistan. No problem was had by him. Then fear was set in that let’s get him killed so that the evidence shall be gone and fire will erupt.

“Now you all will ask me personally, how do you know all this and why. When Arshad Sharif went with this country, from that day to the final days, we had been in touch he said with him and my phone is available for forensic analysis.

Conspiracy in Pakistan

The PTI leader continued that the players of the “conspiracy in Pakistan” were present inside the national country and had been “internationally connected”.

“Arshad Sharif was murdered. He’d no danger from here, the establishment which we take the name of, had positive contact that he’d take the names for the perpetrators in the upcoming days with him and I also was element of that,” he further claimed and warned.

“Establishment has no role in this killing, the role of the main one will be apparent in coming days,” he reiterated.

‘Bodies and bloodstream in PTI march’ that is long

Separately, Vawda also claimed that the PTI’s upcoming march that is long Islamabad would be a “bloody” one with “bodies dropping” and the deaths of innocent people.

He alleged that this too was the right component of a conspiracy like the main one to kill Sharif. “Imran Khan’s march that is peaceful our right but I’m plainly telling you I’m seeing bloodstream, fatalities and funerals in this march.”

Vawda went on to state we will try that this game of dead bodies comes to an end” that he wouldn’t normally allow innocent people to “die for some conspiracy and.

Vawda said the predicted bloodshed could happen prior to, during or following the march that is long.

He maintained that the PTI’s “justified” march had become part of a conspiracy.

“The powerful personalities who’re part of the conspiracy are not far from me personally. I’m standing with truth and justice today. I’ll continue to stand with Pakistanis who are going to die in the days that are coming. Crucial characters and many bodies are planning to fall in the coming days.”

Following the press conference, PTI issued a show-cause notice to Vawda and suspended his party account he“grossly violated discipline by giving statements against party policies and tips” until he submits his reaction to why.

Published on “Dawn News”

Pakistan’s Wheat Stocks are Enough to Meet Demand.

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Pakistan's wheat stocks are Enough to Meet Demand.

Country wheat stock revealed in high-level food & agriculture meeting.

Ministry of National Food Security and Research Told the Committee that Pakistan’s wheat Stocks are Enough to Meet the Demand Federal Minister for National Food Security and Research Tariq Bashir Cheema presided over the meeting of the Committee on Food, Agriculture, Livestock, and Fisheries.

Pakistan’s Wheat Stocks

The committee received an update on Pakistan’s wheat stock from Zafar Hassan, secretary of the Ministry of National Food Security and Research.

He told the committee that the nation has enough strategic wheat stockpiles and that the public sector’s current reserves are higher than they were a year ago.

Saeed Ahmad, the managing director of Pakistan Agricultural Storage and Services Corporation Ltd. (PASSCO), informed the attendees that the wheat supply in the government warehouses had been harmed by the rain and flooding.

He claimed that the wheat that could be consumed by humans had been effectively sorted from damaged Pakistan’s wheat stock and was now being provided.

Waseem-ul-Hassan, the commissioner for food security, said the forum that by November 10th, subsidized free wheat seeds would be distributed to farmers in flood-affected areas.

The forum was informed that a digital application had been created to send and distribute seeds to the farmers who had been harmed by the floods. The minister praised the effort and suggested using it to give farmers direct assistance in the future.

Animal Diseases

In order to prevent animal diseases and lessen the lack of fodder, the committee members were also instructed in the preparation of an umbrella project for the livestock in the flood-affected areas.

The conference was attended by representatives from the relevant departments as well as the provincial ministers of agriculture, livestock, and fisheries. Gilgit-Baltistan and Azad Jammu and Kashmir (AJK) were also present (GB).