Pakistan Telecommunication Authority (PTA) has authorized Lucky Motor Corporation Limited (LMCL) to manufacture Samsung phones in Pakistan. The Mobile Device Manufacturing (MDM) Regulations 2021 have been granted to Lucky Motor Corporation Limited. Moreover, approval was given following the LMCL’s request to set up a mobile device manufacturing plant in Karachi.
The viral and iconic meme ‘Friendship Ended with Mudasir’ is now finding its way into the crypto world as digital art, commonly known as Non-Fungible Tokens (NFT). The Lahore-based startup, Atler, is making moves for the NFT, which will have a formal auction on World Friendship Day (30 July). Moreover, this meme was uploaded by Muhammad Asif Ali Rana.
Samsung Gulf Electronics and Lucky Motors Corporation (LMC) have formed an agreement for the production of Samsung devices in Pakistan. As of now, it has been confirmed by the company through its notice to the exchange. The company has seen extreme success with its recent initiatives, such as bringing KIA, a South Korea-based company, to Pakistan to assemble cars. In addition, LUCK also acquired ICI Pakistan (ICI), as well as other investments.
The internet speed record has been tainted by Japanese engineers after they demonstrated 319 Terabits per second through optical fibers. The fiber was used for approximately 3,000 km (1,864 miles), with the system apparently compatible with existing cable infrastructure. Moreover, that is almost double the previous record set less than a year earlier of 178 Tb/s.
A US-based threat intelligence firm, Black Lotus Labs, claims that hackers have targeted India’s most critical installations and power sectors. The firm also alleges that the cyber attack was coordinated by a Pakistan-based advanced persistent threat (APT) group. The group is so advanced that it can gather any type of sensitive data from any affected system, including keystrokes, files, and screenshots.
Xiaomi has announced that it plans to set up a local assembly plant in the country within three to four months. In addition to generating employment opportunities for locals, this latest development will also boost smartphone manufacturing in the country. The manufacturing of smartphones locally will also attract foreign direct investment (FDI) and increase foreign exchange earnings via exports.
China’s Realme, a leading global brand of smartphones, recently opened a local assembly plant in Lahore. Realme’s Director of Marketing, Sherry Dong, explained that the decision was made based on the increasing demand for Realme phones in Pakistan. Consequently, Realme phones and products would be more affordable for Pakistani consumers. The project is expected to create jobs and have a significant socioeconomic impact.
The provincial minister for industry and commerce, Mian Aslam Iqbal, announced the opening of the Auto Parts Technology Park in Quaid-e-Azam Business Park in Sheikhupura. The announcement was made during a meeting during which the performance of the PIEDMC was discussed. This technology park will include a design center, a training center, as well as a manufacturing and testing facility.
Undergraduate student team, Team NUST Airworks, was honored to win both the Runner Up Award and the Safety Award at the U.K.’s IMechE UAS Challenge 2021. The team comprises twenty-five electrical and mechanical engineering undergraduates from 1st to 4th year. The competition attracted over 30 teams from Bangladesh, Denmark, Greece, India, Pakistan, the Netherlands, Russia, Sri Lanka, and the UK.
The Ministry of Information Technology and Telecommunications is evaluating seven bands for 5G services in Pakistan. “Digital Pakistan”, the country’s goal, will be achieved faster through the introduction of 5G services by December 2022, according to a ministry representative. Additionally, the launch will provide new investment opportunities and accelerate the process.