Lithium Werks Sells Modular Business Unit to Lithion Power Group

Lithium Werks carves out its Valence™ module business to focus on its world-leading Cell manufacturing, LFP patent portfolio, custom solutions, and new R&D.

AUSTIN, Texas and ENSCHEDE, The Netherlands, Dec. 22, 2020 (GLOBE NEWSWIRE) — Lithium Werks, a global leader in Lithium Iron Phosphate cell manufacturing, technology, and intellectual property, announces that it has sold its Valence™ module and BMS assets to Lithion Power Group, a vertically integrated manufacturer of cells and rechargeable and non-rechargeable battery packs.

As a result of the sale, Lithium Werks will concentrate intensely on continuing to develop its “Best in Class” Nanophosphate™ materials, cell production, custom OEM solutions, increasing R&D, and further expanding and strengthening its Lithium Iron Phosphate (LFP) cathode patent portfolio.

Rapidly growing demand exists for Lithium Werks exclusive technologies from diverse industry sectors on a global basis. The transaction will facilitate Lithium Werks’ continued focus on meeting this demand.

T. Joseph Fisher, III, CEO and Co-Founder of Lithium Werks, B.V., stated:

“This move will sharpen our focus on being able to serve our current and future customers with our most powerful and long-lasting Nanophosphate™ powder and cells, not only for our existing verticals like industrial, medical and UPS backup, but with a new strategic clarity for mission critical applications including the energy storage and transportation verticals with custom solutions. We look forward to continued growth and expansion as a provider of our leading-edge Nanophosphate™ cylindrical cells, as well as introducing other new form factors and sizes for those applications that require the Power. Safety. Life. of our MIT developed Nanophosphate™ cathode materials.”

Lithium Werks possesses the world’s most comprehensive portfolio of Lithium Iron Phosphate materials, cells, Intellectual Property LFP patents and products. Lithium Werks operates in China, Europe, and the United States.

For more information, please visit us at www.lithiumwerks.com.

Contact:
lwmarketing@lithiumwerks.com

Global Dun & Bradstreet Database Grows to 400 Million Companies Worldwide

DUBAI, UAE, Dec. 22, 2020 /PRNewswire/ — Dun & Bradstreet, the global business intelligence leader, announces that it has extended its global database to 400 million records.

This increase in its Global coverage, the highest ever achieved by a business information provider, translates into an enhanced level of service for its customers, providing access to a wide range of insights and analytics. The company’s philosophy of helping businesses achieve excellence by adopting a scientific, data-based decision-making approach has resulted in more transparent and dynamic markets all across the world.

”Reaching a coverage of 400 million companies is a major milestone to maintain our market leadership and help us continue to be a critical partner for companies worldwide for making the best business decisions. We will continue to progress and lead the market in terms of quality and analytics”, said Sebastian Sanchez, Product Manager of Dun & Bradstreet South Asia Middle East Ltd.

These 400 million records include information such as:

  • Identification and Contact Data
  • Marketing Information
  • Company Financials, which includes Financial Ratios
  • Media
  • Litigations
  • Management
  • Ownership and Corporate Linkages
  • Predictive Analytics
  • Activity and Industry Information
  • Employees
  • Registry Information
  • Sanctions

This critical information for companies will enable better business decisions driven by facts and data and help in the following areas:

  • Sales and marketing
  • Financial risk analysis
  • Commercial credit
  • Anti-money laundering and fraud prevention
  • Strategic analysis

“We are fully dedicated to up growing the number of companies in each of our regions. We take special care in maintaining the highest standards of quality to offer reliable information to our customers”, Ali Arab, Head of Data and Content Intelligence — South Asia Middle East and Africa.

About Dun & Bradstreet:

Dun & Bradstreet data and insights help improve business performance. The market-leading solutions for data and insights are a critical factor to drive revenue acceleration, manage risk, lower cost and business transformation. Global businesses of all sizes rely on D&B’s data, insights & analytics.

If you are interested in learning more about how Dun & Bradstreet South Asia Middle East Limited can help your company, contact us today.

Media Contact:

Siddhartha Biswas
Vice President
South Asia
BiswasS@dnbsame.com
+971554512880

Dun & Bradstreet Hits Major Milestone with 400 Million Records Coverage in their Global Database

KARACHI, Pakistan, Dec. 22, 2020 /PRNewswire/ — Dun & Bradstreet, the global business intelligence leader, announces that it has extended its global database to 400 million records.

This increase in its Global coverage, the highest ever achieved by a business information provider, translates into an enhanced level of service for its customers, providing access to a wide range of insights and analytics. The company’s philosophy of helping businesses achieve excellence by adopting a scientific, data-based decision-making approach has resulted in more transparent and dynamic markets all across the world.

”Reaching a coverage of 400 million companies is a major milestone to maintain our market leadership and help us continue to be a critical partner for companies worldwide for making the best business decisions. We will continue to progress and lead the market in terms of quality and analytics”, said Sebastian Sanchez, Product Manager of Dun & Bradstreet South Asia Middle East Ltd.

These 400 million records include information such as:

  • Identification and Contact Data
  • Marketing Information
  • Company Financials, which includes Financial Ratios
  • Media
  • Litigations
  • Management
  • Ownership and Corporate Linkages
  • Predictive Analytics
  • Activity and Industry Information
  • Employees
  • Registry Information
  • Sanctions

This critical information for companies will enable better business decisions driven by facts and data and help in the following areas:

  • Sales and marketing
  • Financial risk analysis
  • Commercial credit
  • Anti-money laundering and fraud prevention
  • Strategic analysis

“We are fully dedicated to up growing the number of companies in each of our regions. We take special care in maintaining the highest standards of quality to offer reliable information to our customers”, Ali Arab, Head of Data and Content Intelligence — South Asia Middle East and Africa.

About Dun & Bradstreet:

Dun & Bradstreet data and insights help improve business performance. The market-leading solutions for data and insights are a critical factor to drive revenue acceleration, manage risk, lower cost and business transformation. Global businesses of all sizes rely on D&B’s data, insights & analytics.

If you are interested in learning more about how Dun & Bradstreet South Asia Middle East Limited can help your company, contact us today.

Media Contact:

Nauman Lakhani
Country Manager
LakhaniN@dnbpk.com

+923333271912

Federal government deprives people of Sindh from natural gas unconstitutionally: Murad Ali Shah

Karachi, December 22, 2020 (PPI-OT): Sindh Chief Minister Syed Murad Ali Shah has said that he doesn’t know if back door contacts between Pakistan Democratic Movement (PDM) and the Establishment have been established. “This is purely a matter of the PDM leadership and I don’t know what is happening there.” This he said while talking to the media here at Sindh Assembly Building on Tuesday. To a question about the back door contact between the PDM and the Establishment, Murad Ali Shah said, he had no knowledge of such contacts.

The PDM leadership was capable enough to answer the media about this question. To another question about the Workers Welfare Fund (WWF), the CM said that the WWF, under the 18th constitutional amendment, was devolved to the provinces. He added that the provincial assembly has passed a bill to collect WWF and engaged the Sindh Revenue Board (SRB) to collect the fund on behalf of the Workers Welfare Board. The federal government which has bitterly failed to achieve its revenue collection targets has now come up with the decision to centralize WWF collection.

“I don’t remember when the WWF collection agenda was taken up in the CCI meeting,” he said and added he would check it with the minutes and other document then he’ll brief the media about the provincial government stance on the matter but this is very clear that the CCI could not supersede the provincial law,” he said Replying to a question about acute shortage of natural gas in Sindh, Mr Shah said that the province of Sindh was the largest gas producer in the country and its people have the first and foremost right to use it. “I strongly condemn the act of depriving people of Sindh from their constitutional right for using the gas,” he said and added that his government would take up the issue with the federal government.

To another question, Murad Ali Shah said that PPP was organizing a public meeting on December 27 at Garhi Khuda Bux to observe the death anniversary of Shaheed Mohterma Benazir Bhutto. “Our public meeting would be held in open space and it is not a closed door gathering that COVID-19 would spread,” he said. Replying to a question about Shahbaz Gill’s statement, the chief minister said that his [Mr Gill’s] statement was a pack of lies. “I went to America for a private visit and behind me some `talking machines’ started running the ‘rumour mills’,” he said and added he had no need to respond to the baseless statements of such people.

Talking about his resignation from the provincial assembly, Mr Shah said he and other PPP MPAs, except one member have handed over their resignations [from the provincial assembly] to the party leadership. “This is a minor thing and there is no need to worry about it,” he said and added the party has given us the assembly seat and they have the right to take it back whenever they want. COVID-19 Situation: Sindh Chief Minister Syed Murad Ali Shah, in a statement issued from CM House, disclosed that unfortunately stemming from COVID-19 we have 27 more deaths overnight and 1005 new cases emerged when 10,914 tests were conducted.

He said that 27 more patients lost their lives overnight lifting the death toll to 3,379 that constituted 1.6percent death rate. Mr Shah said that 10,914 tests were conducted against which 1005 cases were detected that came to 0.2 percent current detection rate. He added that so far 2,252,876 samples have been tested which diagnosed 206,489 cases, of the 89 percent or 184,192 [patients] have recovered, including 2590 overnight. The CM said that currently 18,918 patients were under treatment, of them 18,079 were in home isolation, 13 at isolation centers and 826 in different hospitals.

He added that the condition of 731 patients was stated to be critical, including 86 shifted to ventilators. According to the statement, out of 1005 new cases, 742 have been detected from Karachi, including 325 from East, 176 South, 97 Central, 58 Korangi, 50 Malir, and 36 West. Hyderabad has 37cases, Jacobabad 27, Sanghar 22, Dadu 13, Jamshoro, Naushehroferoze and Tando Allahyar 11 each, Tando Mohammad Khan and Thatta eight each, Sujawal and Ghotki seven each, Umerkot and Kashmore three each, Khairpur two, Mirpurkhas and Badin one each.

Law and Order: Sindh Chief Minister Syed Murad Ali Shah presiding over a meeting on law and order has directed provincial police to start snap checking and start extensive patrolling to improve further law and order in the province. The meeting was attended by Minister Local Government Nasir Shah, Advisor Murtaza Wahab, Inspector General of Police Mushtaq Maher, PSCM Sajif Jamal Abro, ACS Home Usman Chachar. Adl IG Karachi Ghulam Nabi Memon. IG Police Mushtaq Maher gave a detailed overall briefing about law and order situation in the province to the chief minister while the briefing of the Adl IG Karachi was city- specific.

Murad Ali Shah directed the IG Police to ensure proper and extensive police patrolling in the city and in other districts. The targeted and intelligence-based operation launched against drug mafia, terrorists, out laws and the street criminals should continue. He said that the responsibility of the police department was to ensure proper protection of the public and their property. “Alhamdullah, the overall law and order situation in the province is satisfactory but we have made it an exemplary,” he said. ACS Home Usman Chahar briefed the chief minister about the measures taken to implement Standard Operational Procedure (SOPs) in the city.

For more information, contact:
Press Secretary,
Chief Minister House, Sindh
Tel: +92-21-99202019(Ext: 336)
Website: www.cmsindh.gov.pk

WAPDA Chairman, Shams-ul-Mulk discuss water scenario, WAPDA projects

Lahore, December 22, 2020 (PPI-OT): Former WAPDA Chairman, Member of the Implementation Committee on Diamer Basha and Mohmand Dams (ICDBMD) and renowned water sector expert Shams-ul-Mulk today called on WAPDA Chairman Lt Gen Muzammil Hussain (Retd) and discussed the water security and undergoing water development projects.

Speaking on the occasion, WAPDA Chairman said that WAPDA is undertaking construction of a number of projects including Diamer Basha Dam, Mohmand Dam and Dasu Hydropower Project to ensure socio-economic development. Despite the challenge of Covid-19 the world over, the construction work on both Diamer Basha and Mohmand Dams have been progressing satisfactorily.

Former WAPDA Chairman and ICDBMD Member Shams-ul-Mulk appreciated WAPDA for its efforts to effectively tackle the water and electricity challenges faced by the country. Expressing satisfaction over the pace of work on WAPDA projects, Diamer Basha and Mohmand Dams in particular, he said that it is a good omen for Pakistan that WAPDA has once again been serving the Nation as a dynamic organization.

For more information, contact:
Public Relations Division,
Pakistan Water and Power Development Authority (WAPDA)
G-32, WAPDA House, Sharah-e-Quaid-e-Azam, Lahore, Pakistan
Tel: +92-42-99202633
Fax: +92-42-99203144
Cell: +92-333-4515923
Email: wapdapr@gmail.com
Website: http://www.wapda.gov.pk/

FBR issues clarification on turnover from Disposal of Closing Stock under FTR

Islamabad, December 22, 2020 (PPI-OT): Federal Board of Revenue (FBR) has issued a clarification regarding the treatment of closing stock at the time of change of taxation regime form final to minimum tax. Lahore Chamber of Commerce and Industry in its letter to FBR had sought a clarification in this regard. FBR had clarified the query of Lahore Chamber of Commerce and Industry in its letter of 3rd December. However concern has been shown from certain quarters that the clarification could not be widely publicized. To quell these concerns, the clarification is being clarified through media.

Lahore Chamber of Commerce and Industry had stated in the letter that in case of importers, the tax collected at import stage during Tax Year, 2019 had become final tax at the time of collection, therefore, the turnover or income arising from the disposal of such closing stock should not be included in taxable income for the Tax Year, 2020 as this would result in double taxation.

FBR has informed in its clarification that the turnover resulting from disposal of closing stock already declared under Final Tax Regime in previous tax year should not make part of next year’s turnover as it would be tantamount to double taxation. Therefore, such turnover should not be declared in the column ‘subject to NTR, for Tax Year, 2020. FBR has further clarified that in order to avoid misuse or mis-declaration, field formations are required to conduct desk audit of all such cases for Tax Year, 2020 and cross match turnover with relevant Sales Tax declarations.

For more information, contact:
Second Secretary (Public Relations)
Federal Board of Revenue (FBR)
FATE Wing, Federal Board of Revenue,
Constitution Avenue, Sector G-5,
Islamabad, Pakistan
Phone: +92-51-9217267
Fax: +92-51-9208456
Email: mujeeb.talpur@fbr.gov.pk, talpur35@gmail.com
Website: https://www.fbr.gov.pk/

Indian Tricks can Hamper Probe into attack on UNMOGIP: AJK President

Islamabad, December 22, 2020 (PPI-OT): The Azad Jammu and Kashmir (AJK) President Sardar Masood Khan has strongly condemned the mass arrests of pro-freedom leaders, human rights activists and the youth by the Indian military and paramilitary troops in the length and cranny of Illegally Indian Occupied Jammu and Kashmir (IIOJK) and called upon the international community to take notice of the vindictive actions of the Indian rulers.

Expressing sharp reaction over the arrests of liberation leaders Ghulam Ahmed Gulzar, Maulvi Bashir and Abdur Rashid Lone, Jammu and Kashmir Liberation Front leader Yasin Butt, Jamaat Islami leader Farooq Ahmed Khaki and human rights activist Mohammad Ahsan Untoo as well as dozens of political workers and common civilians in Srinagar, the AJK president said that seeing the courage, patience and firmness of the valiant struggle of the Kashmiri people for the realization of the right of self-determination, the Indian rulers have got frustrated.

He maintained that 0.9 million Indian occupation troops are engaged in the whole of occupied territory in incarcerating the innocent and peaceful civilians, killing the youth in fake encounters and torturing those protesting against the inhuman acts of the Indian Army.

“All the repressive and inhuman tricks of the Indian army are bound to fail, and in spite of all the sufferings and odds, the people of IIOJK will continue the struggle for their freedom and the right to self-determination,” he added.

Welcoming the probe into the Indian Army firing on the vehicle of the UN Military Observers Group for India and Pakistan (UNMOGIP) close to the Line of Control in AJK, the state president said that while investigating this heinous incident, it must be kept in mind that India has always attempted to keep the United Nations away from the Kashmir conflict.

That is why, the UN Military Observers deployed in India and occupied Kashmir are not permitted to independently visit the LoC, he said and added that India also does not like the UN military observers present in Pakistan and Azad Kashmir to reach the LoC and witness ceasefire violations by the Indian Army and send their report to the United Nations.

Sardar Masood Khan said that it cannot be ruled out that the vehicle of the UN military observers has been intentionally targeted to prevent them from observing the violations of the ceasefire, and send their report to the United Nations.

“Let it be understood very clearly that the Indian occupation forces’ attack on U.N. observers (UNMOGIP) was deliberate, with the objective to scare them. The probe should be thorough. Don’t just go through the motions,” Khan asserted.

He expressed his apprehension that on the persuasion of the Indian government, the Indian nationals working in the United Nations will create hurdles in the investigation of the incident or will get the probe buried so as to hide India’s crimes in Kashmir. “The investigation is just the beginning. The probe should be conclusive. The Indians working in the UN will be used by the BJP to bury the investigation,” he said.

For more information, contact:
President of Azad Jammu and Kashmir
President Secretariat, Muzaffarabad Azad Jammu and Kashmir
Kashmir House, F-5/2, Islamabad
Tel: +92-582-2920401, +92-519-214692
Email: presidency@presidentajk.gov.pk
Website: https://www.presidentajk.gov.pk/