Hi-Tech Exhibition at Pak-China Friendship Center – Opportunity for PAeC Member Companies

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CxO Global Forum is hosting an Exhibition and Conference from 19-20 October, 2022 at Pak-China Friendship Center, Islamabad.  The President of Pakistan will be inaugurating the event.

PAeC has negotiated with the management of CxO Global Forum and managed to get a separate pavilion and 20% discount on stall/booth charges for the member companies.  A brochure comprising details of the event is attached.

The member companies interested to exhibit are requested to show their willingness by sending the attached filled proforma by email latest by 25 September, 2022 at coord@pakaero.com.pk /  Whatsapp message at 03215256553.

[embeddoc url=”https://pakaero.com.pk/wp-content/uploads/2022/09/Registration-Form-1.pdf”]

PAeC Members to Visit National Center for Physics (NCP)

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National Center for Physics (NCP) has invited Pakistan Aerospace Council (PAeC) to visit their facilities with a view to doing business with the member companies and other players of Pakistan’s Tech Industry.

Hi-tech manufacturers in Pakistan can benefit from the following state-of-the-art facilities held at NCP;

  • 3D Metal Printing (World class and the only one in Pakistan).
  • Deep Vacuum Facility.
  • Circuit Fabrication and Ultra High Precision Soldering.
  • Fabrication of Carbon-Fiber (CF and Al-CF) Ladders.
  • Fabrication of Sensor Assemblies for Particle Collider at CERN.

PAeC is planning the visit on 29 Sep’22. All interested are invited to join warum schau hier nicht.

Members desiring to visit can send their nominations by 20 Sep’22 after which the final list shall be sent to NCP for security purpose.

Non-members can also join with a cover charge of PKR 10000/- only.

Soft copy of the filled proforma can be submitted by email at coord@pakaero.com.pk by 20 September, 2022. The registration proforma can be downloaded from the following link.

https://pakaero.com.pk/ncp-visit-proforma/

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NCP Visit Proforma

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[embeddoc url=”https://pakaero.com.pk/wp-content/uploads/2022/09/Registration-Form-for-Visit-1.pdf”]

PAeC Executives Meet STZA Leadership for Facilitating the Companies in Ease of Doing Business.

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Islamabad
14 September, 2022

A PAeC delegation comprising executives from PAeC and member companies based in Islamabad headed by Mr. Imtiaz Rastgar visited Special Technology Zone Authority (STZA) to interact with their top management with regard to knowing the scope of STZA and apprising them about the objectives of Pakistan Aerospace Council.

Mr. Aamir Saleemi, Executive Director / Member Zones; Mr. Javaid Iqbal, Chief Commercial Officer; Dr. Mohammad Ali Mohammad, Director Research & Market Intelligence; Mr. Shahid Raza and other officials welcomed the delegation.

Mr. Tanveer Ahmed presented a short brief on the objectives of PAeC and sought the support of STZA in developing conducive policies for facilitating the companies in ease of doing business.

Dr. Mohammad Ali Mohammad presented the scope of STZA, achievements made so far and incentives being offered to the public and private companies. STZA is an autonomous body of the Government of Pakistan established to build the scientific and technological ecosystem through the development of zones and acceleration of technology development in the country.  It is an Architect and Regulator of Technology Ecosystem mandated by Act of Parliament with Prime Minister as President BoG.  He apprised that the strategic objectives of STZA include;

  • Job Creation
  • Technology Exports & Imports Substitution
  • Transfer of Technology
  • Human Capital Development
  • Innovation & Entrepreneurship
  • Research & Development

He also apprised that a zone may have a minimum of 5 acres of land and may be new, existing or expansion of an existing STZ.  STZA’s national rollout framework includes multiple engagement models that foster the local technology environment;

  • Development of Zones on public / private land
  • Notification of existing public / private infrastructure
  • Notification of Zone Clusters across Pakistan

He revealed that licenses were being granted to Zone Enterprises (ZE) i.e. entities licensed to operate inside the STZs for fostering innovation and contributing to the knowledge economy of Pakistan and Zone Developers (ZD) i.e. entities licensed for developing, operating and managing infrastructure inside a Special Technology Zone to host Zone Enterprises and support services. Three types of incentives are offered to ZEs and ZDs;

Fiscal

  • Exemption from Property Tax.
  • Exemption from all taxes under the Income Tax Ordinance, 2001.
  • Exemption from Federal Sales Tax under the Sales Tax Act, 1990.
  • Exemption from Tax on import of Capital Goods.

Monetary

  • Eligible for Special Forex Currency Accounts
  • Ease of opening and maintaining Forex Accounts
  • Fully repatriable investment, profits and dividends
  • All legitimate payments abroad allowed without any limitations

Ecosystem 

  • Human Capital Development
  • Job Creation
  • Research & Development
  • Accelerated Economic Growth
  • Technology Friendly infrastructure

Mr. Aamir Saleemi revealed that Islamabad Technopolis had been designed to accommodate the smaller companies operating in Islamabad and space was being provided on no profit no loss basis.

Subsequently, a detailed discussion took place on how to facilitate the Tech Companies in flourishing their businesses.

The leadership of both sides told that the interaction was productive one and reiterated to continue the collaboration between PAeC and STZA on regular basis for the uplifting of Tech Industry in Pakistan.

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Japan Claims its New Turbine Can Make Limitless Energy from Ocean

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JAPAN has decided to tackle the energy crisis by dropping a massive turbine to the bottom of the ocean. Deep beneath the waves, there’s a source of power quite unlike any other. To tap into it, Japanese engineers have constructed a true leviathan, a beast capable of withstanding the strongest of ocean currents to transform its flow into a virtually limitless supply of electricity.

IHI Corporation has placed a gargantuan turbine at the bottom of the ocean, that is so powerful that it can reportedly withstand the strongest ocean currents to produce renewable electricity.


To harness this tidal power, Japanese engineers at Ishikawajima-Harima Heavy Industries (IHI Corporation) have built a 330-ton tidal power plant called Kairyu. It consists of a 66-foot central cylinder with two more on either side of it which both have 36-foot turbine blades attached to them.

When operational, Kairyu will be attached to the ocean floor by cables to keep it in place. It will then use the force of the water currents around it to turn the turbines which will generate power. This can then be transferred into Japan’s national power grid.

The company has been working on the machine for years, and in February this year completed a three-and-a-half-year test off of Japan’s south-western coast inderal bez receptu warum schau hier nicht.

 

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PAKISTAN HIGH TECH COMPANIES VOW TO STRENGTHEN NATIONAL DEFENCE

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“Pakistan Hightech sector is committed to upholding the highest level of defense preparedness”, was stated by Dr. Haroon Qureshi, President of Pakistan Aerospace Council in his speech at a dinner hosted in honour of Air Marshal Shahid Hamid (Retd) and Air Marshal Arshad Malik (Retd) for their lifetime achievements and services to Pakistan Aerospace & Defence Sector.

Air Marshal Muhammad Mughees Afzal, Chairman Pakistan Aeronautical Complex, Air Marshal Ahmed Hassan Marwat, Deputy Chief of the Air Staff (Engineering) and Executives from 25 member companies of Pakistan  Aerospace Council also attended the event.

Mr. Imtiaz Rastgar, Convener PAeC in his welcome speech, paid rich tributes to Air Marshal Shahid Hamid (Retd) and Air Marshal Arshad Malik (Retd) for their life time achievements and services rendered to Pakistan and Pakistan Aerospace & Defence Sector. He pointed out that collaboration between Pakistan Aerospace & Defence Sector and the private tech industry could lead to indigenization and save a huge amount of foreign reserves.

Dr. Haroon Javed Qureshi, President PAeC in his speech highlighted the depth, potential, know-how, skills and manufacturing capabilities of PAeC member High Tech companies. Expressing PAeCs gratitude for the two national heroes, he said, we need more Shahid Hamids and  Arshad Maliks for a potent and self-reliant Pakistan.

Executives of PAeC member companies comingled with the former and current PAF leadership and discussed with them the potential, manufacturing capabilities and processes their companies possess.

The current and former PAF leadership was impressed to learn about the manufacturing skills of PAeC member companies and reiterated that their skills and services could be further utilized to meet the challenges faced by Pakistan Aerospace & Defence Sector. Chairman Pakistan Aeronautical Complex invited PAeC member companies to visit PAC, Kamra for further collaboration.  Mr Imtiaz Rastgar suggested having a joint seminar, in this regard, at Islamabad in near future.

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Latest In Advanced Air Mobility Showcased At EBACE 2022

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China’s EHang 216

Product of the Guangzhou E Hang Intelligent Technology Co Ltd, China’s EHang 216 employs stacked mini-rotors to provide helicopter-like performance because electric motors are unable to provide the torque necessary to drive a single, full size rotor.

Lilium Jet

Lilium was established in Germany in 2015 and worked initially on two-seater before uprating the design to a larger regional air taxi.  The craft incorporates rows of small electric-driven shrouded fans on the wings and foreplans which hinge 90 degrees for transition between vertical and horizontal flight.

PAL-V’s Autogyro The Liberty

PAL-V was formed in the Netherlands in 2000 to develop a roadable autogyro powered by a Rotax piston engine catalunyafarm.com.  A considerably revised design, The Liberty was shown in 2016 but the planned early 2020 deliveries have not taken place.

Vehicles on display from China, Germany and Netherlands bear witness to humanity’s quest for bird-like mobility—perhaps without too much of the footwork at the other end. They are representatives of a greater global effort; an initiative whose time might have come at last, thanks to recent advances in electric propulsion, aerodynamics, computer technology and materials.

 

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How Innovation Can Transform Your Business Valuation

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Even though startup valuation is a complicated topic, it boils down to two general approaches – a top-down and a bottom-up approach.

With a top-down approach, you can argue for a valuation derived from addressable market size and expected market penetration. Or alternatively, you can see the pre/post-money valuation of other startups in your industry and adjust your own valuation based on a direct comparison with them.

For startups with financial history, you can use a bottom-up approach cz-lekarna.com. While you can use discounted cash flows (Net present value) or other more sophisticated valuation methods, this is usually unnecessary, as most projects are valued based on an earnings multiple.

Why are investors willing to pay a huge premium to acquire some businesses and not others?

To answer this question, you need to understand that a higher valuation (i.e. a higher earnings multiple) simply represents higher expectations for future business growth from the investors. The main reason a software company could be expected to grow much more than a business in the coal industry is innovation.

A software company is highly-scalable. It has low marginal costs (cost per unit of additional output), and if it manages to innovate and create unique value on the market, it could grow rapidly and become a leader in its own market niche.

Moreover, the IT industry is historically speaking very new compared to some other businesses, which means there are more opportunities for innovation as the technology is still developing rapidly.

In summary, innovation is the main reason behind high valuation multiples because investors are willing to pay a premium for ventures that have a possibility of rapid growth while potentially creating a defensible solution.

Since risk and opportunity are the main growth drivers behind any project, innovative projects simply have a much higher chance to grow than non-innovative ones. As a result, investing in innovation could be the best thing you can do if you want to significantly increase the value of your business.

 

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Online Brand Credibility

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In a time of increasing online competition, it’s tempting for companies to try flash-in-the-pan tactics to get noticed. For example, they can just underprice their competition to attract new consumers. Although that may result in a short burst of new sales, the rush-to-the-bottom approach is likely not sustainable. Establishing the credibility of your brand, so that consumers will be willing to pay a profit-yielding amount for your product or service, is a wiser long-term strategy.

Word-of-mouth advertising has always been essential to building brand credibility. Today’s mouthpieces are social media reviews and ratings, influencers and online content.

An expanding digital world is humming with billions of voices, all asking for consumers to trust and believe in their brands. Rising above the noise can be challenging. Consider these three keys to helping your brand’s online credibility.

Build a Digital Presence to Gain Brand Recognition

Begin with a website that looks great and works well on a range of devices. Fill it with high-quality content that focuses on building brand credibility. Your website needs to be optimized for search so your content will march upward in search engine rankings over time.

While you’re implementing your content strategy, build a complementary social media presence. As you expand onto new platforms, you’re expanding the ways your content can be found, accessed and shared. Clicks, retweets, shares, likes, reviews and ratings are all means of growing your followers.

Building an audience takes time and effort.

Follow Through on What You Promise

Prospects become customers when they agree to take a risk on your brand and buy what you’re selling. So don’t sell them short. If you don’t follow through on the promises you made, they’re going to walk away.

You promised customers that you would solve a problem, produce a quality offering and provide service after the sale. Customers took a chance on you based on what they learned about your brand online. They read your content, customer reviews and product information. Once they take a leap of faith, it’s up to you to earn their trust.

Brand credibility is all about providing what you promised, so you need to deliver. Even better, give customers more than they bargained for. That will keep your brand top of mind—even if you are not number one in search rankings—the next time they’re ready to buy.

Leverage Brand Loyalty

Your digital content and marketing strategy have gotten your brand noticed. A prospect has converted to a customer. Now it’s time to give that customer reasons to stay loyal—and to leverage that loyalty into further growth.

Highlight positive customer reviews and ratings on your website and social media to make sure prospects can see them. Ask delighted customers if they will share their experiences in testimonials and case studies. Then amplify those on your own site and across your social media platforms.

Every brand is competing online to showcase their ability to deliver what they promise. There’s only room for so many at the top. Brands that successfully execute long-term strategies to build recognition, deliver what they promise and leverage customer loyalty will get there. After all, brand credibility is not given, it’s earned.

 

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