GrowUp Pak

The US Coast Guard has unveiled the first image of the wreckage of OceanGate's Titan submersible, which tragically imploded during its dive to the Titanic wreck in June 2023, claiming the lives of all five onboard.

The photo, taken by a remotely operated vehicle (ROV), shows the vessel's tail cone buried in the seabed at a depth of 12,500 feet in the North Atlantic.

Presented during a hearing on September 16, 2024, this evidence confirms the catastrophic loss of the Titan. Investigators aim to uncover the causes of this tragedy to prevent future incidents. OceanGate has since suspended operations.

#TitanSubmersible #OceanGate #USCoastGuard #Titanic #MarineSafety

1 year ago | [YT] | 3

GrowUp Pak

Bilateral trade between Pakistan and Iran reached 1.906 million tons valued at $1.128 billion in the first five months of the year, reflecting a 2% increase in weight year-on-year.

In this period, Pakistan ranked as Iran's fourth-largest trade partner among its neighbors. Iran's non-oil exports to Pakistan amounted to $360 million in the first four months of 2024, marking an 18% increase compared to the same timeframe last year.

Additionally, Pakistan imported products worth $360 million from Iran during this period, also up by 18%. Notably, imports in April 2024 surged to $73.2 million, a 30% growth year-on-year.

In 2023, Iran's total exports to Pakistan were valued at $944 million, a 13% rise from the previous year.

#PakistanIranTrade #BilateralTrade #EconomicGrowth #TradePartners #NonOilExports

1 year ago | [YT] | 2

GrowUp Pak

Disruption in the connectivity between various banks and 1LINK — the operator of Pakistan's largest interbank network — caused significant issues for customers attempting to withdraw cash from ATMs.

The disruption led to widespread difficulties in accessing cash and impacted online money transfers.

In response to customer concerns, 1LINK officials stated that the connectivity issue with some banks was being addressed.

Earlier in August, the Pakistan Telecommunication Authority (PTA) had debunked rumors about potential ATM closures, clarifying that there were no issues with LDI networks affecting the financial sector.

#BankingCrisis #ATMDisruption #PakistanBanking #1LINK #FinancialSector #network

1 year ago | [YT] | 4

GrowUp Pak

Pakistan has proposed a plan to the International Monetary Fund (IMF) to lower electricity prices by Rs6 per unit by injecting Rs2.8 trillion.

However, this proposal relies on risky funding methods and may not receive immediate approval from the IMF.

The federal government has stated that Rs1.4 trillion of the total amount will come from all four federating units, including Khyber Pakhtunkhwa (K-P). However, the Pakistan Tehreek-e-Insaf (PTI)-led K-P government has rejected its contribution.

Discussions between the IMF and Pakistani officials on this Rs2.8 trillion plan took place over the weekend, but no conclusions were reached. The IMF has requested additional details.

The government has proposed to reduce the electricity prices by Rs5.80 per unit by changing terms of local and the government-owned power producers, closing some inefficient plants and retiring Rs2.7 trillion debt.

#ElectricityPrices #IMF #FundingChallenges #EnergySector #PakistanPolitics #PowerTariff #GovernmentPlan

1 year ago | [YT] | 3

GrowUp Pak

WhatsApp is introducing a new feature that will enable users to interact with Meta AI through voice commands, enhancing communication without the need to type messages.

According to WABetainfo, the upcoming update will allow real-time voice conversations with AI, offering users up to 10 different voice options to choose from. This feature, which will be accessible via a floating action button in the chat list, aims to create more personalized interactions with the AI.

The feature was first spotted in the WhatsApp beta for Android version 2.24.18.18 on the Google Play Store, indicating it could soon be available in the stable version.

Additionally, WhatsApp is testing a shortcut to make Meta AI more responsive, with the option for users to manually enable or disable the voice chat mode. When the feature is turned off, its visual cues will fade from the screen, letting users know it's deactivated.

#Whatsapp #MetaAI

1 year ago | [YT] | 2

GrowUp Pak

Australia's University Announces Fully Funded Scholarships for Bachelor, Master's, and PhD Programs.

The University of Melbourne is offering fully funded scholarships for exceptional students from around the globe and Australia.

These scholarships are available for graduate research programs, including Master’s by Research and PhD degrees, at one of Australia’s top universities.

Two main scholarships are up for grabs: the Melbourne Research Scholarship and the Research Training Program (RTP) Scholarship.

Both offer extensive benefits to help alleviate financial pressures on students.

#UniversityOfMelbourne #Scholarships #GraduateResearch #PhD #MastersByResearch

#Australia #Anounces #Scholarship #Students #Pakistan

1 year ago | [YT] | 3

GrowUp Pak

Attention, shoppers! The Grand sale of the season is here! @chaseupofficial is offering Upto 50% off on everything you need.

From stylish apparel and trendy shoes to school stationery, elegant jewelry, and premium crockery. Don't miss & shop the sale now. Visit your nearest store of Chase Up.

- Store Location: rb.gy/rd4gc4
- The Offers are Valid Nationwide.
- Offer Validity: 29 Aug - 15 Sept, 2024.

#chaseup #summerclearancesale #sabachahai #chaseupmini #apparel #shoes #jewelry #crockery #stationery #discountoffers #sales #summersale #mensfashion #womensfashion #kidsfashion

1 year ago | [YT] | 2

GrowUp Pak

A meeting of the Board of Directors of @theboppk was held on August 28, 2024 to consider and approve the un-audited Financial Statements for the 1ST Half of year ended June 30, 2024.

During the meeting, the Board reviewed Bank’s performance for 1st Half of the year 2024 against strategic business plan and appreciated the effort of BOP Management for showing a remarkable growth of 80% in profit before tax and showing marked improvement in all facets of operations.

During 1st Half 2024, Bank earned before tax profit of Rs. 7.05 billion as against 3.92 billion during 1st Half 2023 showing a remarkable growth of 80%. Non-Markup/ Interest Income increased to Rs. 9.93 Billion as against Rs. 5.73 Billion for 1st Half 2023 registering a significant growth of 73%.

Bank’s Net Interest Margin (NIM) remained at Rs. 15.92 billion while Non-Markup Expenses remained at 22.20 Billion. Earnings per Share (EPS) for the 1st Half 2024 improved to Rs. 1.33 per share as against Rs. 1.05 per share during 1st Half 2023.

As at June 30, 2024, Bank’s Total Assets improved to Rs. 2,269 billion as against Rs. 2,054 billion as of June 30, 2023 depicting a growth of 10%.

The Deposits of the Bank also improved to Rs. 1,582 billion as against Rs. 1,370 billion as of June 30, 2023 registering a growth of 15%. Investments & Lending to FIs improved to Rs. 1,293 billion registering a growth of 40% over June 30, 2023.

Gross Advances were recorded at Rs. 705 billion. Bank’s Equity improved to Rs. 77 billion as against Rs. 67 billion as on June 30, 2023 and Capital Adequacy Ratio stood at 17.61% against regulatory requirement of 11.50%.

The Bank has been assigned long term entity rating of “AA+” by M/s PACRA with short term rating being at the highest rank of “A1+”. The Bank currently has a network of 822 online branches, including 163 Taqwa Islamic Banking Branches and 15 sub-branches.

#Punjab #Bank #Profit #Announced

1 year ago | [YT] | 2

GrowUp Pak

China has launched a new direct flight route connecting Guangzhou and Islamabad, enhancing connectivity and strengthening bilateral ties between the two nations.

This development comes in the wake of Pakistan's Prime Minister Shehbaz Sharif’s announcement of visa-free entry for Chinese citizens, aimed at boosting economic and industrial collaboration.

The Guangzhou-Islamabad route will operate three times a week, with flights scheduled for Tuesdays, Thursdays, and Sundays.

The new route provides additional travel options for passengers and underscores the commitment of both countries to deepen their cooperative relationship.

#China #Islamabad #Flights #Direct #Relations

1 year ago | [YT] | 2

GrowUp Pak

Prime Minister Shehbaz Sharif has tasked the Ministry of Information Technology and other relevant departments with implementing the e-office system across all government offices. He has mandated that paperless operations be fully established within a month and emphasized that any delays in the e-office rollout will be unacceptable.

The prime minister asserted, "From next month, there should be no file work conducted without the e-office system in government offices," underscoring that enhancing transparency through the e-office system is a top government priority. He also directed that all government officers ensure that file management is conducted exclusively through the e-office system.

In line with the prime minister's directive, the staff at the PM Office has already completed training for the e-office system. Last week, the prime minister himself received files via the e-office system.

#PM #Govt #Offices #paperless #orders

1 year ago | [YT] | 2