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Day: August 10, 2022

Insilico Medicine Announces New Investment Led by Aramco-backed Prosperity7 Ventures, bringing total Series D Financing to $95 Million

Press Release
New York, Aug. 10, 2022 (GLOBE NEWSWIRE) — HIGHLIGHTS: ●      Insilico Medicine announces a closing of its Series D2 round, bringing the total Series D financing to $95 million, despite an uncertain market ●       The Series D2 round is led by Prosperity7, the diversified growth fund of Aramco Ventures, which is an investment subsidiary of Aramco, the world’s leading integrated energy and chemicals company ●    Relying on Prosperity7’s global network and generous resources, Insilico will expand its AI capabilities from drug R&D to multiple areas to support sustainable development Insilico Medicine, a clinical-stage end-to-end artificial intelligence (AI)-driven drug discovery company, announced today that it has completed a second closing of its Series D round, led b...

PEMRA warns TV channels for ‘propaganda, misinformation and disinformation’ against state institutions 

English, Official News
Islamabad, August 10, 2022 (PPI-OT):Pakistan Electronic Media Regulation Authority has issued fresh directives, warning all satellite TV channels of legal action for either running a propaganda campaign or spreading misinformation and disinformation against the state institutions. According to PEMRA, a trend has been observed on satellite TV channels wherein some of their anchors and analysts are indulged in spreading misinformation and disinformation against the state institutions. It said such trend on the TV channels tantamount to casting aspersions against state institutions and a planned propaganda campaign against them. The PEMRA termed the airing of such content a violation of the directives already issued by it. The media watchdog asked all satellite TV channel licensees to follow ...

United Nations supporting relief efforts in flood-hit Pakistan: Spokesman 

English, Official News
Islamabad, August 10, 2022 (PPI-OT):The United Nations says its team in Pakistan is stepping up efforts to assist millions of people impacted by the recent devastating floods in the country. This was stated by Spokesperson for the UN Secretary-General, Stephane Dujarric while responding to a question at the regular briefing in New York. He said the UN Resident and Humanitarian Coordinator, Julien Harneis, who is leading the efforts, visited the flooded areas last week and met with officials and affected people. The spokesperson said in addition to the UN’s rapid needs assessment, the World Food Programme is providing cash to affected communities, along with mother and child nutrition, medicines, mosquito nets and blankets. For more information, contact: Ministry of Information and Broadcas...

Diamond jubilee celebrations of First Constituent Assembly begins from today

English, Official News
Islamabad, August 10, 2022 (PPI-OT):The five-day diamond jubilee celebrations to commemorate the first constituent assembly of Pakistan, are beginning at the Parliament House in Islamabad today [Wednesday]. The celebrations are meant to highlight the services of all Parliamentarians in furthering the cause of democracy and its values in the country. An elaborate plan of events has been prepared by the National Assembly Secretariat to commemorate the event in a befitting manner. The theme of the celebrations is “Mera- Parliman-Rahbar-i-Taraqqi-o-Kamal” The celebrations will commence today with inauguration of three-day Photographs Exhibition themed “Tarjuman-i-mazi shan-i-Hal”. Likewise, another three-day Art and Painting Exhibition with the theme “Pak Sarzamin Shad Baad” and ye...

Iraqi Commander appreciates Pakistan Navy’s role in regional maritime security 

English, Official News
Islamabad, August 10, 2022 (PPI-OT):Iraqi Navy Commander Ahmed Jasim Maarij Abdullah Al-Zayed held a meeting with Naval Chief Muhammad Amjad Khan Niazi in Islamabad on Wednesday and discussed cooperation in the maritime sector. The Iraqi Commander appreciated Pakistan Navy’s role in regional maritime security. For more information, contact: Ministry of Information and Broadcasting Government of Pakistan 4th Floor, Cabinet Block, Pak. Secretariat, Islamabad, Pakistan Tel: +92-51-9103557 Email: info@moib.gov.pk Website: http://www.moib.gov.pk

Pakistan now heading in right direction: Finance Minister 

English, Official News
Islamabad, August 10, 2022 (PPI-OT):Finance Minister Miftah Ismail says the serious worries about Pakistan heading the way of Sri Lanka and getting into a default-like situation, have been averted after significant policy changes and austerity measures. In an interview with CNBC, he said the high price of energy imports recently pushed Pakistan to the brink of a balance of payments crisis. The Finance Minister said Pakistan’s foreign currency reserves fell as low as 9.8 billion dollars, which were hardly enough for five weeks of imports, while the Pakistani rupee weakened to record lows against the US dollar this year. He said the global rise in prices of oil, and other commodities caused inflation in the country. However, he said Pakistan is now heading in the right direction. Mifta...