Android 12 expected to launch on October 4th

Lahore (NUT-DESK)

The upcoming mobile operating system Android 12 will be available for the public from October 4, this year. The date has been given by the chief editor of XDA Developers Mashaal Rahman on his Twitter account.

“The Android 12 stable update may be released on October 4, as that’s when Google plans to release to AOSP,” Rahman tweeted.

He added: “This tentative release date was also mentioned by a 3PL,” he stated.

The XDA employee has also shared some details about Google’s plans. The current stable Android version is Android 11, which was released last year on September 8.

Earlier, there were reports of Android applications being integrated into the latest Windows 11. This meant that the users can find them from Microsoft Store.

In August, Google had announced that it has blocked its sign-in support for the decade-old Android Gingerbread software citing security reasons as its reason. It meant that ageing Android phones and tablets that had Android 2.3.7 or older was stopped from signing in to Google apps and services, Google announced.

Gingerbread was made public back in 2010, and it supported a variety of features such as NFC, multi-camera setup. It also became the first Android Easter egg.

 

Chinese smartphone maker Xiaomi launches its own smart glasses

Lahore (NUT-DESK)

Chinese smartphone maker Xiaomi just launched its own smart glasses, nearly a week after Facebook unveiled its first smart glasses called “Ray-Ban Stories”.

There’s no plan to actually put the smart eyewear on sale, but Xiaomi has provided enough detail to make the concept product seem somewhat plausible — at least for some point in the future, The Verge reported, citing a company’s spokesperson.

Xiaomi claims that the smart glass “is not just a ‘second screen’” for smartphones considering it integrates a total of 497 components, including miniature sensors and communication modules. The glasses weigh 51 grams and use MicroLEDs to provide a brighter display and deeper blacks.

“MicroLEDs have a higher pixel density and longer lifespan while having a simpler structure. This allows for a more compact display, as well as easier screen integration,” Xiaomi said in an official blog post.  Xiaomi’s Smart Glasses are powered by a quad-core ARM processor and run on Android.

The device’s navigation capability can display maps and directions in front of your eyes. It can also show you the number of whoever’s currently calling your phone, and you can take the call using the smart glasses’ built in mic and speakers.

That mic will be able to pick up speech, as well, which Xiaomi’s proprietary translating algorithm can translate in real time. The glasses’ translation feature also works’ on written text and text on photos captures through its camera.

In July, it was reported that Chinese smartphone maker Xiaomi Corp overtook Apple Inc in the second quarter to become the world’s No. 2 smartphone maker, according to a market research firm, Canalys.

 

US dollar hits all-time-high against Pakistani rupee

Lahore (NUT-DESK)

The US dollar on Tuesday has hit an all-time high against the Pakistani rupee in the interbank market. According to details, the value of the greenback surged by 0.85 paisa today to trade at Rs168.95 in the interbank market, earlier the all-time highest was Rs168.58.

The value of the US dollar soared by Rs16.67 during the last four months. Yesterday, the trading of the greenback in the inter-bank market closed at Rs168.10 paisas.

Currency dealers, ex­­perts and analysts have many reasons for the steep fall in the local currency value against the US dollar, but they said there was no intervention from the State Bank of Pakistan (SBP) to stop this devaluation to bring stability.

The Pakistani rupee had touched an all-time low of 168.43 against the greenback last year in August before recouping some losses to hit a 22-month high of Rs152.95 in April 2021.

The local unit rose by 6.2 percent or Rs10.51 against the US dollar in the currency market during the fiscal year 2020-21 that ended on June 30.

ZTE, United Mobile join hands to manufacture mobile handsets

Lahore (NUT-DESK)

Pakistan information technology and telecom sector witnessed a major milestone on September 9 when a globally renowned telecommunication equipment manufacturer, ZTE Corporation, and United Communications announced to join hands to manufacture SIM based 4G/5G mobile handsets and various mobile broadband products in Pakistan.

As per the press release issued by the ZTE here on Monday, an agreement signing ceremony was held in Islamabad, which was jointly hosted by ZTE and United Mobile, and Federal IT and Telecom Secretary Dr Muhammad Sohail Rajput was the chief guest.

Ministry officials, including Member (Telecom) Omar Malik, Member (Legal) Babur Suhail and Director (Wireless) Muhammad Jahanzeb were also present at the occasion. ZTE Pakistan CEO Li Guowen, Deputy CEO Mao Zhixia and CBO Rao Shahryar Sultan, and United Mobile CEO Faisal Motiwala, COO Hamza Rasheed and Hammad Hanif (Head of Development) were also present at the ceremony. Other officials from ZTE who attended the event were Jiang Duxin, Liu Shaofeng, Jiang Hao, Malik Khurrum, Shahzad, Saad Anis and Malik Taimoor.

Through this agreement, United Mobile will introduce the complete range of ZTE mobiles in Pakistan, on the basis of Mobile Device Manufacturing (MDM) Policy 2021. In addition to mobile phones, ZTE terminal end devices, along with ZTE IoT devices and accessories, will also be introduced in the local market in future as well.

Both the companies also shared that as part of this co-operation, they will try their best to achieve a short-term target of US$25 million by June 2022. Moreover, United Mobile announced to introduce ZTE’s premium handsets under CBU model immediately and will work with ZTE to make the globally successful 5G smartphones available in local market as soon as possible.

While addressing the ceremony, Federal IT and Telecom Secretary Dr Muhammad Sohail Rajput said that the incumbent government has an export oriented, technology based vision of the future, and that the Ministry has engaged all stake holders in the IT and telecom sector, and have introduced policies that encourage investment and exports.

While assuring ZTE’s commitment to Pakistan and also China-Pakistan friendship, ZTE Pakistan CEO Li Guowen shared ZTE’s vision and future expansion plans in Pakistan based on the massive opportunities available in the local market.

United Mobile CEO Faisal Motiwala during his address remarked that this collaboration marks another step towards the fulfilment of ‘Vision Digital Pakistan’, and yet another milestone achieved for the Pakistan technology industry towards localisation and self-sustainability. “Our collaboration with ZTE is aimed towards adding value to the supply chain of mobile phones and IT devices, and to be able to offer better value to consumers in Pakistan,” he added.

German Economic delegation Seeks Investment Opportunities in Pakistan

Karachi (Muhammad Yasir) 

A 20-member German Emirati Chamber of Commerce & Industry (AHK) business delegation, which is visiting Pakistan for a firsthand assessment of business and investment opportunities in the country held a meeting today with foreign investors, members of Overseas Investors Chamber of Commerce and Industry (OICCI). The German Business delegation was accompanied by Mr. Holger Ziegeler, German Consul General in Karachi, and First Secretary for Economic Affairs at the German Embassy in Islamabad.

OICCI CEO/Secretary General M. Abdul Aleem, shared a detailed presentation, highlighting the liberal policies in Pakistan for foreign direct investment (FDI) which offers tremendous opportunities for new investment. Commenting on the investment opportunities in Pakistan, Mr Aleem stated that ‘OICCI members have benefitted by taking a longer-term view which is illustrated by the fact OICCI members have re-invested over US$ 18 billion in the last 9 years which is more than the total FDI inflow into the country during this period”.

The OICCI shared with the 20 members of the German Business delegation the results of recent Business Confidence Index Survey carried out during May to July 2021 showing a dramatic upswing in Business confidence across Pakistan by 59% since the last BCI survey done in the same period in 2020. “The OICCI members randomly included in the survey are more upbeat as their confidence level has gone up by 108’, Mr Aleem added.

Mr Oliver Oehms, CEO of the visiting German Emirati Joint Council for Industry and Commerce and other members of the delegation enquired about several matters, including potential sectors for investment, special concessions for major investment in Pakistan, incentives relating to Special Economic Zones, major development projects on tourism, impact of increasing inflation on businesses in Pakistan,  tax incentives for putting up export based industries using imported raw materials and the most reliable government agency to facilitate the potential foreign investors. All the queries were duly responded by the OICCI members at the meeting.

The OICCI is the collective voice of major foreign investors in Pakistan. The over 200 OICCI members, from 35 different countries, have a presence in 14 sectors of the economy and contribute over one-third of Pakistan’s total tax revenue, besides facilitating transfer of technology and skills and providing employment to a sizeable number of people. 57 OICCI member companies are listed on the Pakistan Stock Exchange and 50 members are associates of the 2020 Global Fortune 500 companies. Besides their business operations the OICCI members realize their corporate social responsibilities and are major contributors to various CSR activities benefitting 6.2 million persons from underprivileged communities in 2020.

Infinix latest laptop INBook X1 Series, now available nationwide.

Lahore (Muhammad Yasir) 

INBook X1 series is the perfect blend of work and play

Infinix’s new laptop series – INBook X1 goes on live sale today, this lightweight premium laptop delivers a powerful punch in terms of speed combined with an elegant & slim body design. The laptop series comes in 3 variants Core i3, i5 and i7, priced at Rs.79,900, Rs.99,900 & Rs.137,999 respectively. Available from 13th September at outlets nationwide and exclusively on Daraz.pk & Saamaan.pk.

INBook X1 series provides an aesthetically pleasing experience for those who want a powerful yet eye catching device. It comes with a thin and lightweight metal design at just under 3lbs, a sandblasted anodized body, made from premium aircraft-level aluminum finished to perfection. Working on the one go has never been this good before.

With a 14” FHD plus display and ultra-thin bezels, the INBook X1 series delivers a dazzling and colourful display with 100% sRGB color gamut. INBook X1 can be tilted up to 180° which enables optimum viewing angles for the best perspective anywhere anytime.

The INBook X1 series has a light and sleek look which is easy to carry anywhere anytime, available in most of the on-trend color options including Noble Red, Elves Green, Starfall Grey and Elegant Black. This give consumers the power to express their needs which goes with the requirements. This gives consumers the power to express themselves as the device works according to their requirements and needs. The INBook X1 works in tandem with long-lasting battery life to ensure users can work for more than 13 hours a day without any disturbance. So hurry up and get yourselves All Geared Up with the new INBook X1!

Reckitt Pakistan bags multiplewins at DarazMall Awards 2021

Lahore (Muhammad Yasir)

Reckitt has successfully added to their growing list of accolades as their number one selling brand, Dettol, has been recognized as the ‘Most Innovative Brand’ at the 2021 DarazMall Awards, along with Reckitt itself being recognized as ‘Best Performance Marketer’. E-commerce has always been a priority at Reckitt and they have worked closely with Daraz since the last four years to increase market penetration and make business more dynamic to keep up with shifts in consumer behavior.

To increase business growth, Reckitt launched on Daraz in 2016 and since then has worked closely with Daraz on a number of digital campaigns. Reckitt is one of the first few brands that came onboard on the FMCG category on Daraz and since then, business has grown a lot over the years in terms of GMV, participation in campaigns, marketing, and contribution in campaigns. Currently, Reckitt Dettol’s store stands at 15,700 number of followers, ranking it amongst one of the highest amongst FMCG brands. The brand also ranked as one of the top 3 brands sold on the 11.11 campaign, having sold 10,000 litres of disinfectant spray in 2020.

On this event, Kashan Hasan, CEO Reckitt Pakistan commented, “We have multiplied our business with Daraz since 2019 and we need to continue to work towards developing habit change as well as understanding our consumers better, investing behind trying and testing new ideas along with ensuring that we have the right data to do that. So, to me the future is very bright and I’d like to thank Daraz for recognizing our efforts and for partnering with us to jointly grow this business”

Driven by its purpose to make business more sustainable, Reckitt has formed a strong partnership with Daraz. This achievement further reiterates the brands’ purpose to serve their customers even better by introducing cutting edge digital innovation and catering to the ever-changing consumer behavior.

Facebook unveils its first smart glasses with unique features

Lahore (NUT-Technologies)

Facebook Inc. launched its first smart glasses in a step toward its aim of offering true augmented-reality spectacles.

The glasses, which were created in partnership with Ray-Ban maker Essilor Luxottica, allow wearers to listen to music, take calls or capture photos and short videos and share them across Facebook’s services using a companion app. Facebook said the glasses line, called “Ray-Ban Stories,” would start at $299.

The social media giant, which reported revenue of about $86 billion in 2020, makes most of its money from advertising but has invested heavily in virtual and augmented reality, developing hardware such as its Oculus VR headsets and working on wristband technologies to support augmented reality glasses.

Facebook’s chief scientist said last year the company was five to 10 years away from being able to bring to market “true” AR glasses, which would superimpose virtual objects onto the wearer’s view of the real world.

Major tech firms including Amazon.com Inc, Alphabet Inc’s Google, Microsoft Corp, Apple Inc. and Snap Inc. have raced to develop various smart glasses products, but early offerings like Google Glass proved difficult to sell to consumers put off by high price points and design issues.

Snap, which unveiled its smart Spectacles in 2016, this year launched AR glasses but they are not for sale and are offered only to AR creators. Snap’s CEO, Evan Spiegel, said in 2019 that he expected it would be a decade before consumers widely adopted AR smart glasses.

Facebook’s CEO, Mark Zuckerberg, recently announced the company was setting up a team to work on building the metaverse, a shared virtual environment which it is betting will be the successor to the mobile Internet.

“We’ve believed for a long time that glasses are going to be an important part of building the next computing platform,” said Zuckerberg in a video posted on his Facebook page on Thursday.

Facebook, which has been criticized over its handling of user data, said it would not access the media used by its smart-glasses customers without their consent.

The company also said it would not use the content of the photos or videos captured using the glasses and stored in the Facebook View app for personalizing ads, and said the glasses would be an “ads-free experience.”

The glasses include an optional virtual assistant so photos and videos can be captured hands-free through voice commands. Facebook said an LED light on the glasses would show when the camera is on, to make other people aware when a wearer is taking a photo or video.

It published a guide outlining how to use the glasses responsibly, for example turning them off in private spaces like public bathrooms and not using them for illegal actions like harassment or capturing sensitive information such as PIN codes.

U fone telecom won the bid of unused Pakistan’s spectrum with $279 Million.

Lahore (NUT-DESK)

Cellular company Ufone on Friday won a bid for Pakistan’s unused spectrum with $279 million, said the country’s telecom authority. Pakistan Telecom Authority (PTA) started the process to sell the unused spectrum late last year.

The spectrum is in the 1800 and 2100 MHz bands typically used by operators for 4G LTE (long-term evolution) networks that offer faster video streaming and internet downloads.

“Total Spectrum won by Ufone is 9 MHz in 1800 MHz band which is 70.3 percent of the total offered spectrum in the said band during the current auction,” the PTA said in a statement.

The addition will boost Ufone spectrum holdings from 6 MHz to 15 MHz in 1800 MHz band, enhancing quality and increasing coverage for voice and data services, it added.

Pakistan has nearly 100 million 3G/4G subscribers, and the new spectrum known as Next Generation Mobile Services (NGMS) is seen a precursor to any 5G launch.

The Pakistan telecom market is dominated by Jazz, backed by Netherlands-based Veon Ltd; Telenor Pakistan, backed by Norway’s state-controlled Telenor; Zong, owned by China Mobile; and Ufone, which is controlled by state-owned Pakistan Telecommunication Company Ltd.

OCTOPUS Digital IPO strikes highest possible price of Rs 40.6.

Lahore (NUT-DESK)

Octopus Digital Initial Public Offer (IPO) received the highest number of bids in the history of the Pakistan Stock Exchange during the book-building process of the technology stock. The stock’s strike price has been set at its ceiling – Rs40.6 a share.

The tech firm was initially looking to raise a minimum Rs793million by offering 27.4 million shares at a minimum price of Rs29 per share in the IPO. But it will now raise Rs1.1 billion from the IPO after securing the highest maximum price for its stock.

Book-building was oversubscribed 27.3 times, resulting in successful bidders receiving only 2.75% of the shares they had originally bid. It means that if a person had bid for 25,000 shares, he or she will receive only 668 shares.

“The IPO received a great response,” said senior research analyst Adnan Sami Sheikh. “It was two times (over)subscribed in the first 30 minutes,” he said.

He added that this is highest response a company had ever received in the PSX’s history.

Sheikh, who is the AVP of research at Pak Kuwait Investments, said that Octopus would reap huge synergies given their longstanding history in the sector.

Octopus Digital is a wholly-owned subsidiary of Avanceon Ltd. The company plans to develop 29 independent intellectual properties under different categories from which the company will be providing two main offerings – Topware and Omni Connect.

“Avanceon has been providing industrial automation solutions for over 30 years. So, they have 30 years of experience in the market and 30 years of client rights,” said Sheikh.

The book-building was held on September 9 and 10. The price was decided with institutions and high net worth individuals bidding via the Dutch auction method. The general public will be able to buy the company’s shares on September 16 and 17 at a price of Rs40.6.