The Securities and Exchange Commission of Pakistan (SECP) has approved the application of M/s Organic Meat Company Limited to issue, circulate and publish the prospectus for initial public offering (IPO) of the company’s shares in the stock exchange.
According to a report by a local media outlet, the company will have 60 days to publish the details of proposed offering in the prospectus and offers its shares to the public from the date of approval.
The company intends to raise Rs. 720 million at floor price of Rs. 18 per share through the IPO. This will be the first IPO of 2020 and will be the second meat company to enter the stock market as Al Shaheer Corporation was listed in June 2015.
According to the initial draft issued by the company to PSX, the entire issue of 40,000,000 ordinary shares will be offered through the book-building process at a floor price of PKR 18.00/- per share (including a premium of PKR 8.00/- per share) with a maximum price band of up to 40%.
Initially, 7..
Category: General
Xiaomi Launches Affordable Smart ACs
Beyond Smartphones, Xiaomi has built a complete ecosystem of its own. Joining its vast collection of smart TVs, refrigerators, and air conditioners is a freshly launched Gentle Breeze Air Conditioner. As the name suggests, the Air conditioner simulates the gentle air breeze for broader coverage of the air outflow.
Unlike the traditional air conditioners that throw an ice-cold gust in one direction, this AC by Xiaomi is designed to produce a gentle soft breeze that makes it much more comfortable to sit around. According to the company, the air conditioner is designed to imitate a gentle breeze in the countryside. This will reduce the temperature variance as well.
Design and Construction The product has a typical Xiaomi minimalistic design. It comes with 1120 air outlet micro holes for providing three-dimensional air supply at a wider angle. Under the hood, it features two 98mm super large cross-flow fans.
The AC is available in two models: 1 ton and 1.5 ton. The 1-ton variant provide..
Coronavirus Cases in Pakistan Could Cross 200,000 by Mid-July: WHO
The World Health Organization (WHO) has warned that Coronavirus cases in Pakistan could go past the estimated 200,000 by mid-July in the absence of effective interventions.
Addressing the launch of the Pakistan National Strategic Preparedness and Response Plan in a virtual conference, Director-General WHO, Dr. Tedros Adhanom, said that Pakistan’s COVID-19 Response Plan is in line with the WHO’s global Response Plan.
Pakistan’s Response Plan is a joint strategy of the Pakistani government, the UN and its partners. It is aligned with the WHO’s global Strategic Preparedness and Response Plan, UN SDGs, and Pakistan’s National Action Plan.
Coronavirus, which has spread through more than 115 cities in Pakistan, has put additional pressure on Pakistan’s healthcare system that was already overburdened, piling issues on the vulnerable populations, said Dr. Tedros.
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Thought Provoking Statistics: Is Pakistan Relatively Insusceptible to Coronavirus?
Novel Coronavirus has proven to be the most inscrutable and malevolent predicament of the modern era. This virus has been on a path of rage since the beginning of the year 2020, crippling the mightiest of forces in its path due to its incomprehensible and sinister nature.
In late January this year, the virus started spreading past the borders of China. By mid March, the number of cases began on a steep climb and as of today, the total number of cases world wide is just north of 2.7 million, with over 190,000 lives having been claimed by the disease.
However, it seems that the virus has taken a special interest in the more developed parts of the world as the countries that have been the worse for wear, happen to be strong economies, namely, USA, UK, China, Russia and all of the European countries. That is of course, not to say that the virus has a prejudiced approach towards particular regions, but there is certainly an interesting pattern at play here.
The numbers suggest in a cryst..
COVID-19 Cases in Pakistan Could Hit 13,000 in a Week, Suggest AI Models
There is a prevailing perception in Pakistan that coronavirus has been contained and things are under control. Background interviews with government high-ups also reveal that officials are content with how the outbreak has panned out over the past few days.
However, results from highly data-driven AI models suggest that the threat is still real and the somewhat flattening curve for positive cases over the few days won’t persist for long.
Speaking to ProPakistani, a data scientist who is working closely with the government said that the current numbers are mainly a result of tightened lock-down from 15th March to 25th March.
The numbers are likely to increase rapidly over the next week due to the fact that people stopped observing strict social distancing after pensions and salaries were disbursed in the first week of April.
The scientist, who wanted to remain unnamed as he’s not allowed to speak with media by the government, said that data models are suggesting the outbreak is stil..
Waqar Younis Doesn’t Talk to Me For Days If I Don’t Perform Well: Wahab Riaz
Cricket is a tough game for bowlers these days owing to a lot of improvisation by the batsmen and an absolutely zero margin for error. No one knows it better than fast bowler Wahab Riaz, who has to deal with not only the humiliation on the field – if he doesn’t do well – but off the field as well.
The left-arm pacer has revealed that the bowling coach, Waqar Younis, doesn’t talk to him for a long time after a dismal performance. In a live Instagram session with Waqar, Wahab requested him to go easy on him.
That’s what my motive is and I will keep doing it, but please go easy on me. At times, you get so angry with me when I don’t do good, you don’t even talk to me for a long time.
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Replying to his request, the bowling coach told that he gets angry because he has certain expectations.
I get angry because I have spent time with you since your childhood. I know you are capable but sometimes you don’t do what is..
The New Normal: Online Grocery Shopping with October Now
It’s safe to say there is nothing that cannot be purchased online in this day and age. Some people may consider Pakistan to be slightly behind the latest digital trends, but the booming e-commerce business tells a different story.
Especially when you look at the online grocery stores that offer home delivery. The world’s current situation with the COVID-19 pandemic has increased the demand for ordering groceries online, and stores are struggling to keep up with this pressure.
During this difficult and unpredictable situation, people are worried about struggling to carry out daily chores in order to survive. The most pertinent example is grocery shopping.
Stores are full of shoppers, all trying to purchase as much as they can, and most people are starting to look for alternatives to fulfill this need. The COVID-19 pandemic has put us all in a tough spot, whereby we have to choose between staying safe at home or going to purchase groceries to continue a semblance of a normal life.
Ho..
Islamabad High Court Halts IESCO from Receiving Complete Bills
Islamabad High Court (IHC) has barred Islamabad Electric Supply Company (IESCO) from charging complete bill payments from a cement company due to coronavirus lockdown.
Chief Justice IHC, Justice Athar Minallah, was hearing a plea of a cement factory owner in the I-9 Sector, seeking relief from IESCO in electricity bill through the court.
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Sindh Proposes Major Relief for Citizens With Emergency Relief Ordinance
The lawyer of the factory owner pleaded before the court that due to the ongoing situation, the factory has been forced to close down all its activities, which has pushed the factory into a financial crunch.
If it clears 100 percent utility bills, the owner will be left with no money to pay out salaries to its labor and staff for March, the counsel noted, adding that a mass layoff was on the cards if the situation continued.
To this, Justice Athar remarked that the government is responsible for the job security of its citizens.
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Personal Information of 115 Million Pakistani Mobile Users Up For Sale on the Dark Web
A Pakistani cybersecurity company has come across a data dump containing information of 115 million Pakistani mobile phone users currently up for sale on the dark web.
The cybercriminal, who is a VIP member of the dark web forum where the advertisement has been placed, has set the asking price for this data dump at 300 Bitcoins (BTC) or $2.1 million.
According to the advertisement description, the telecom database was hacked this week.
Database is freshly hacked this week. That data was still being updated as I took the data down. Beautifully organized in a CSV with headers for your pleasure.
Rewterz’s Threat Intelligence team has analyzed some of the samples from the telecom database up for sale on the notorious dark web. The data includes personal information of the users such as names, contact numbers, residential addresses, CNIC numbers, and NTN numbers.
The Threat Intelligence team has noted that financially motivated threat actors are active in Pakistan and organizations wit..
MIT Reveals App That Identifies Potential Coronavirus Cases Using Bluetooth
A team led by MIT researchers and experts from many institutions has been working on developing a system that augments “manual” contact tracing by public health officials while preserving user privacy. The system relies on a smartphones’ ability to advertise its presence to other devices via Bluetooth. However, the main issue was interoperability for iOS and Android phones.
According to the team lead, MIT and makers of the app Private Kit: Safe Paths overcame the issue together last week. As of now, Safe Paths can keep a log of locations visited for 28 days. If a person tests positive, they can upload the list of phones their smartphone has interacted with over the past 14 days to a database. Other people can then scan the database to see if they were in close vicinity with the patient.
Ron Rivest, MIT Institute Professor and principal investigator of the project, explained:
I keep track of what I’ve broadcasted, and you keep track of what you’ve heard, and this will allow us to tel..
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