Daily Updates

  Fuel prices are set to rise significantly starting tomorrow, 1st July 2024. Industry insiders suggest that the increase could be as much as Rs 9.84 per litre during the first fifteen days of the month. Sources reveal that petrol prices might go up by about Rs 7.54 per litre. High-speed diesel (HSD) could see an even steeper rise of Rs 9.84 per litre. Meanwhile, the price of light diesel oil (LDO) is expected to climb by Rs 8.73 per litre, and kerosene oil may increase by Rs 7.70 per litre. These price hikes are based on the current tax structure. If these adjustments are approved, consumers could be paying Rs 265.70 per litre for petrol, Rs 277.73 per litre for HSD, Rs 179.51 per litre for kerosene oil, and Rs 164.85 per litre for LDO. These estimates do not factor in any changes to the exchange rate. Additionally, if the government decides to raise the petroleum levy (PL) by Rs 5 per litre, the price of petrol could jump by Rs 12.54 per litre, and diesel could increase by Rs 14....

  India emerged victorious in the ICC T20 World Cup 2024 final, securing a prize of $2.45 million. South Africa, the runners-up, received $1.28 million, while England and Afghanistan, the semifinalists, were awarded $787,500 each. Other participating teams also received varying amounts of prize money, contributing to the record-breaking $11.25 million USD prize budget for the tournament. Credit By: https://startuppakistan.com.pk/

  Apple is reportedly working on making iPhone batteries easier to replace to meet EU rules. The new technology, expected as early as this autumn, is designed to align with the EU’s requirements for sustainable design and recycling by 2027. Currently, Apple uses adhesive strips to secure batteries in iPhones. The new method they are developing involves using electricity to loosen the adhesive, allowing users to remove batteries more easily. This change is aimed at supporting a cleaner environment by enabling users to replace batteries throughout the life of their device. Adhesives are important for making devices easier to recycle, and this innovation is a significant step forward in that direction. It’s part of Apple’s effort to meet environmental regulations and promote more sustainable practices in their products. Credit By:https://startuppakistan.com.pk/

In an exciting turn of events, India has won an ICC event for the first time in 11 years. The victory came after a thrilling match where India won the toss and chose to bat first. Rohit Sharma and Virat Kohli gave India a strong start, but the team faced a setback when they lost their captain, Rishabh Pant, and Suryakumar Yadav during the powerplay. Despite these early losses, India made a strong recovery. Virat Kohli played a crucial role, scoring 76 runs. His performance was especially significant as it broke his streak of poor performances in this T20 World Cup. Axar Patel also contributed significantly with 47 runs. Together, Kohli and Patel built a solid partnership, adding 73 runs for the fourth wicket. Shivam Dube also played an important part, scoring 27 runs. Thanks to the efforts of Kohli, Patel, and Dube, India reached a total of 171/7 in their 20 overs. This victory has not only ended India’s 11-year wait for an ICC event win but also highlighted the resilience and skill of...

  Xiaomi today unveiled Redmi 13, the latest member of its Redmi family, setting a new standard for entry-level smartphones. Crafted for discerning users seeking both style and substance, Redmi 13 delivers a sleek, stylish design packed with a host of enhanced capabilities that defy expectations. One example is its 108MP super-clear main camera, aimed at elevating the photography experience for avid enthusiasts, content creators, and those who prioritize capturing life’s moments with exceptional clarity and detail. As a first for the Redmi number series, Redmi 13 debuts a 108MP super-clear main camera, equipped with 3x in-sensor zoom to provide users with images of outstanding detail. Harnessing the advanced Samsung ISOCELL HM6 1/1.67″ sensor and cutting-edge 9-in-1 pixel binning technology, Redmi 13 can produce ultra-clear night photos and vibrant HDR images steeped in vividness and clarity. Whether capturing breathtaking landscapes or precious moments with loved ones, Redmi 13 em...

  Petrol prices in Pakistan are set to increase by Rs7 per litre and high-speed diesel (HSD) by Rs8 per litre starting July 1, due to rising international market rates. This price hike comes after four consecutive price cuts, and there might be further increases if the Petroleum Development Levy (PDL) is raised to Rs80 per litre. Since May, petrol prices had dropped by Rs35 per litre, providing some relief to consumers. However, the recent rise in global oil prices has led to this new adjustment. Finance Minister Muhammad Aurangzeb confirmed that there could be gradual increases in the PDL based on ongoing market trends. The increase in fuel prices is expected to have a significant impact on the daily expenses of citizens and the overall economic stability of the country. Higher fuel costs can affect transportation costs, leading to increased prices for goods and services. Many people are concerned about how these changes will affect their household budgets and overall cost of livi...

  In the budget for 2024-25, the federal government of Pakistan has decided to double the sales tax on PCs and laptops, increasing it from 5% to 10%. This change is expected to result in higher prices for these electronic devices, aiming to generate more revenue for the government. Moreover, Finance Minister Muhammad Aurangzeb announced significant increases in salaries for government employees, with raises of up to 25%. Retirees will also see their pensions increase by 15%. Additionally, the minimum monthly wage has been raised from Rs 32,000 to Rs 37,000. Despite facing financial difficulties, the government’s goal is to alleviate the challenges that its employees are facing by implementing these salary and pension increases. These measures are part of broader efforts to improve financial conditions and provide better support to public sector workers in Pakistan. Credit By: https://startuppakistan.com.pk

Nike and Hyperice have collaborated to launch cutting-edge wearable technology designed specifically to enhance athletes’ recovery and overall performance. The latest innovation from this partnership, the Nike x Hyperice boots, integrates two essential recovery elements: heat and dynamic air-compression massage. These boots are engineered to deliver targeted warmth and gentle, yet effective pressure to the feet and lower limbs, aiding in quicker recovery post-exercise. By combining heat therapy with air compression, athletes can experience improved circulation and reduced muscle soreness, ultimately supporting their training regimens. In addition to the boots, the Nike x Hyperice vest introduces innovative thermoelectric coolers that facilitate rapid heating and cooling cycles. This eliminates the reliance on traditional methods involving ice or liquid, offering athletes a convenient and efficient way to manage their body temperature during and after intense workouts. The vest’s techno...

  Legendary Pakistani folk singer Arif Lohar’s song has captured the spotlight on FIFA’s official World Cup Instagram page, bringing joy to both football enthusiasts and fans of folk music. The song “Aaj Te Jhoom Lay” by Lohar was featured in a video celebrating the birthday of football superstar Lionel Messi. This video, which played Lohar’s song in the background, quickly went viral. The post was captioned in Urdu as “Messi ka jadu,” which translates to “Messi’s Magic.” The use of Lohar’s energetic and vibrant music in the video gained widespread attention and appreciation from audiences worldwide. This feature has brought international recognition to Arif Lohar, who is well-known for his lively performances and unique style. Fans took to social media to express their excitement and gratitude, praising FIFA for promoting Pakistani culture and music on such a global platform. Many celebrated this gesture, seeing it as a wonderful way to highlight and honor the rich musical heritag...

  Bugatti has revealed its latest model, the Bugatti Tourbillon, a powerful hybrid car with an impressive price tag. This new model is set to replace the $3.3 million Bugatti Chiron, which has a 1,500-horsepower engine. Given the current trend in the auto industry and Bugatti’s merger with Rimac in 2021, many expected Bugatti to release an all-electric vehicle. Rimac, a Croatian company, is known for its all-electric Rimac Nevera supercar. However, Mate Rimac, the CEO of Bugatti Rimac, made it clear that they never planned to go fully electric with this new model. Instead, Bugatti aimed to keep the essence of its traditional cars while incorporating modern technology to create a powerful plug-in hybrid. The goal was to blend the classic Bugatti experience with contemporary advancements. The Bugatti Tourbillon, like the Chiron and Veyron before it, features a massive 16-cylinder gasoline engine. This engine was developed in collaboration with Cosworth, a British race car engineering...

 Afghanistan's cricket team and their fans were overjoyed after making history by reaching the T20 World Cup semifinals for the first time, following a thrilling victory over Bangladesh. On Tuesday, the Arnos Vale Ground in St Vincent and the streets of Afghanistan were alive with celebration. Afghanistan's win not only secured their spot in the semifinals but also knocked Australia out of the tournament, adding to the excitement. The match, interrupted by rain, set a revised target of 114 runs in 14 overs. The Afghan players couldn't hold back their tears of joy when Naveen-ul-Haq took the final wicket of Bangladesh, sealing their victory. Fans echoed this emotional celebration, rejoicing both at the stadium and back home, proud of their team's incredible achievement.

  Idea 50 - What business are you really in? Every once in a corporate blue moon a truly revolutionary idea comes along, one that makes every thinking company look at what it is doing through a new pair of spectacles. And a vision corrective was exactly what Theodore Levitt offered managers with his scornful, provocative and hugely influential article 'Marketing myopia', when it appeared in the Harvard Business Review in 1960. Its subject may have been marketing but, as much as anything, it was about strategy.   There is surely not a business in the developed world that doesn't 'focus on the customer', or at least claim to. So it may be hard to remember, or conceive of, a time when that simply wasn't so. But that's just how it was at the start Of the 1960s, when Levitt chose to shake US industry by the scruff of its collective neck. He began by pointing out that every major industry was once a growth industry. Some still were, but had the spectre of ...

  Idea 49 - Web 2.0 With a few far-sighted exceptions, business is slow to wake up to the new. When it does, however, it devours it. A handful of early movers turn a new idea into a competitive advantage until everyone else catches up. Then the new becomes the norm and the field is levelled once again. That is as true for communications technology as for anything else, perhaps more so - business turned the telegraph, telephone, telex and fax machine to its purposes. Now comes the Internet and all that flows from it. But some believe (the most dangerous four words in the business vocabulary, others say) that 'this time it's different'.     Ideas about the communications possibilities of packet-switching and networking surfaced at MIT in the early 1960s, and the first network with computers communicating over a phone line was built in 1965. But it was the 1980s before business began to scent possibilities, and the first Interop trade fair showcasing the Internet was...

  Idea 48 - War & Strategy The idea that business could be warfare by another name took hold of many business leaders during the 1980s. It was not that they wanted to destroy the enemy - though some of them undoubtedly did - but that they believed they should strategize like successful generals.   Though it's no longer fashionable to admit it, many leaders of big businesses have felt an affinity with famous generals. They recognize them as the doers of their time, in an age when 'trade' was not a respectable calling. Born later, the kind of men who rose to generalship might well have opted for industry instead. They would have found themselves doing much the same job, planning, organizing resources and motivating large groups of people to reach a defined objective.   Jack Welch, General Electric's reforming ex-CEO, made no secret of his admiration for Carl von Clausewitz, whose writings were said to have 'distilled Napoleon into theory'. He was the...

  Idea 47 - Value chain Michael Porter, who has given management more big ideas than anyone since Peter Drucker, is unyielding on the subject of being competitive. If a company wants competitive advantage, he insists, it must examine every little thing it does through the prism of competitiveness. His five forces model was a tool for assessing the strength of competition outside the factory gate. To help analyse a firm's internal· competitiveness, he developed his concept of the value chain.     Porter saw all the interrelated activities that create a product or a service as links in a rather complex chain. Each has a cost, and each adds value to the end product. The firm wants to sell the end product to the customer at a price - an aggregated level of value - that exceeds the sum of the costs. The difference will be its profit margin. To maximize that difference, Porter urged companies to analyse the competitiveness of each link in the chain. He divided the firm'...