According to media reports, a slash in the prices of petroleum products is expected with a PKR20-25 decrease in the price of petrol. This follows as the world reels from the plunge in oil prices as Saudi Arabia and Russia continue their price war.
The investors are eyeing the chances of economic stimulus due to this.
Nadeem Babar, the Special Assistant to Prime Minister on Petroleum said that the decrease in prices around the globe will boost the economy of Pakistan aside from easing inflation and other economic hardships faced by the average man.
While talking to the media he said that the Prime Minister has ordered the relevant officials to create a broad strategy regarding petroleum products.
In response to a question, he said that there was a critical need to the country’s oil refinery sector.
What do you think? Let us know in the comments below.
Category: News
List of All the PSL 2020 Stats After 23 Matches
It has been an action-packed season of Pakistan Super League (PSL) it is now heading towards the business end. We have had 23 exciting matches, including some truly remarkable games and exhilarating performances from both local and international players.
Multan Sultans are sitting pretty at the top of the PSL 2020 points table with 11 points from 7 games. Thanks to their brilliant run, they have already qualified for the play-offs, leaving only three spots up for grabs.
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Lahore Qalandars have also picked up their game and Quetta Gladiators are now reeling at the bottom of the table. Here’s how the points table looks after 23 games:
1 Multan Sultans (Q) 7 5 1 1 11 1.547 2 Peshawar Zalmi 8 4 3 1 9 -0.021 3 Islamabad United 9 3 5 1 7 0.259 4 Karachi Kings 7 3 3 1 7 -0.249 5 Lahore Qalandars 7 3 4 0 6 -0.053 6 Quetta Gladiators 8 3 5 0 6 -1.052 Only 7 group matches are left before the four teams for play-offs are f..
Samsung Shifts Production from Korea to Vietnam Due to Coronavirus
The coronavirus epidemic has caused several companies around the world to undergo significant changes in order to safeguard themselves or better support their employees. Amidst the outbreak, Samsung has now said that it is temporarily moving some of its smartphone production from South Korea to Vietnam.
One of the employees at Samsung’s South Korean production facility was tested positive for the coronavirus, which forced them to shut down the whole factory. The smartphone production facility was in Gumi, the industrial city in the south-eastern part of the country which is near Daegu, the center of the outbreak in South Korea.
After nearly 6 confirmed cases at the factory, Samsung decided to scale back its operations on the Gumi facility and move over to Vietnam.
Samsung had been using this facility to produce its latest flagship Smartphones including the Galaxy S20, Z Flip, and others. The company said that its shift to Vietnam was to ensure stable production for its high-end smar..
Audi Launches Its First Electric SUV in Pakistan
After months of speculation, Audi Pakistan has finally unveiled their all-electric E-Tron Quattro in Pakistan at a ceremony in Karachi, yesterday.
This is Audi’s first foray in the electric vehicle market with the E-Tron going head-to-head against the Jaguar I-Pace, Mercedes EQC, and Tesla Model X.
Exterior The E-Tron is very similar to the other models in the lineup and has a futuristic look and optional matrix LED headlamps. It features tech that autonomously controls the intensity of the lights depending on the traffic. At the back, it has an LED light strip and dynamic flashing light.
Audi has used the virtual exterior mirror that enhances safety while decreasing air resistance at the same time. There is a small camera fitted in the exterior rear-view mirror that allows it to project the image digitally onto an OLED display on the door.
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Interior The car has a spacious cabin that features a ..
AMD CPUs Had a Security Flaw for The Past 9 Years: Researchers
Intel CPUs have been known to contain hardware vulnerabilities for years now. However, a group of researchers from the Graz University of Technology have revealed that AMD CPUs have had them all along as well.
The white paper released by the researchers describes a vulnerability called “Take A Way” that is able to leak data off of AMD CPUs dating back to 2011. This means that whether it is an old Athlon 64 X2 or a new high-end Ryzen 7 processor, they’ve all been vulnerable to cyberattacks all along.
This vulnerability allows intruders to monitor the CPU’s memory without having access to any physical addresses or shared memory. Although this exploit is not able to leak nearly as much data as Meltdown or Spectre, the researchers were still able to easily uncover sensitive data such as encryption keys. The research team took advantage of the flaws using JavaScript, common browser extensions, and most notably, virtual machines on the cloud.
The flaw has already been pointed out to AMD a..
Babar Azam Breaks Kohli, Gayle and Warner’s T20 Record
Pakistan’s batting sensation, Babar Azam, has been the mainstay of all the teams he has been representing in recent years. Whether its the national team, Karachi Kings or Somerset, Babar has been scoring plenty of runs and he has already made the cricketing legends his fans with his elegant strokeplay.
His textbook shots, even in the shortest format, have garnered praise from not just fans, but cricket experts across the globe as well.
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Kamran Akmal Sets a New PSL Record
His consistency can be gauged from the fact that his batting average in T20 cricket is the highest ever in the world. Even the mighty Virat Kohli, MS Dhoni, Chris Gayle or David Warner have averaged below him in their careers. The list comprises of players who have played at least 50 innings.
Here are the all-time top 10 highest batting averages in T20 cricket.
Sr. No. Player Country Innings Runs Average 1 Babar Azam Pakistan 134 4,703 42.75 2 KL Rahul India 118 4,076 42.02 3 Virat Kohli India 266 8,900 ..
SIM Data to be Shifted to PTA for Authentication and Verification
SIMs data, currently processed at Cellular Mobile Operators (CMOs)’ level, is to be shifted to Pakistan Telecommunication Authority (PTA) for authentication and verification according to official documents.
Admitting that grey SIMs are available in the market, PTA has stated that cases of illegal issuance of SIMs against biometric data of people, who are enticed with meager incentives, have been reported and all such cases have been referred to Federal Investigation Agency (FIA).
So far, 10 cases of misuse of Biometric Verification System (BVS) have been reported to FIA with no forthcoming response or results, said the PTA documents.
PTA is reviewing SIM sale and authentication process with a view to minimize and eventually eliminate misuse of BVS.
Currently, the whole process is being reviewed in consultation with all stakeholders.
Here’s what we expect:
Dual factor authentication process is proposed to be implemented. Outline and modalities are expected to be finalized in 6 to ..
Redmi Discovers a Way to Add Underdisplay Fingerprint Sensor to Affordable Phones
Under display fingerprint sensor technology has been limited to OLED panels so far. This is because OLED panels are much thinner than LCDs since they do not require any sort of backlighting. This is the reason why phones with LCDs come with rear or side-mounted fingerprint scanners.
However, Redmi has figured out a way to make the technology work on LCDs. The company’s brand manager Lu Weibing has announced that they’ve successfully implemented an under-display fingerprint sensor on an LCD and they’ve even posted a demonstration video on the Redmi Note 8 Pro prototype.
The biggest limitation of LCDs preventing the implementation of this technology was their backlight module. The module would interfere with the fingerprint scanner by preventing infrared light to pass through and scan the finger.
Weibing explains that they were able to overcome this limitation by installing an infrared transmitter at the bottom of the display and a special film that boosts light transmission and allow..
FBR Revenue Collection Grows by Rs. 345 Billion
The tax revenue collected by Federal Board of Revenue (FBR) has grown by 17 % with additional revenues of Rs. 345 billion compared to last year, according to an official statement.
In the current fiscal year 2019-20, out of a target of Rs.920 billion for the period from July to January 2020, the FBR has accumulated Rs. 897.5 billion Income Tax which shows an increase of 18.1 % compared to the corresponding months in the last year in which only Rs. 759.1 billion could be collected.
Likewise, the target of sales tax collection until January 2020 was set at Rs. 1,039 billion. Out of this target, the net collection of Rs. 996.6 billion has been made which shows a growth of 24.7 % compared to the corresponding period in the last year in which Rs. 799.1 billion were collected.
Federal Excise Duty of Rs. 145.1 billion was collected against the target of Rs. 151 billion from July to January which showed an increase of 23.6 %. The customs duty collection target was set as Rs 399 billion till..
P@SHA Launches ProWomen in Collaboration With CodeGirls
Pakistan Software Houses Association ([email protected]) has launched an e-directory dedicated to Pakistani women on International Women’s Day (March 8th, 2020) under the name ProWomen.
Created under the leadership of Chair – Diversity & Inclusion [email protected] & COO Genetech Solutions, Ms. Shamim Rajani and in collaboration with CodeGirls, ProWomen provides access to profiles and details of incredible women who have established themselves in their work spheres and have done wonders. ProWomen provides an accessible platform where these professionals can be contacted for different opportunities and it showcases the immense talent of Pakistani women.
The directory is classified alphabetically into 24 categories ranging from Social Media Influencers to Programmers to Corporate leaders. ProWomen is a crowdsourced directory i.e. female users can simply get their profile added by using the application form on the website. One can use both basic and advanced search criteria to find the ..
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