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IBM Breaks Industry Record for Conversational Speech Recognition by Extending Deep Learning Technologies

Lanka Bell Teams with IBM to Accelerate Cloud Adoption in Sri Lanka
IBM (NYSE: IBM) today announced that it broke the industry record for speech recognition, creating a technology that recognizes spoken words ever closer to human parity. Last year, IBM announced a major improvement in conversational speech recognition: a system that achieved a 6.9 percent word error rate. Since then, IBM Researchers have continued to push the boundaries of accuracy rates, achieving this historic milestone and setting an industry record of 5.5 percent, a 20% improvement from the rate than was reported six months prior. "These speech developments build on decades of research, and achieving speech recognition comparable to that of humans is a
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Business

Porsche Financial Reports Of February 2017 Sales

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Porsche Cars North America, Inc. (PCNA), importer and distributor of Porsche 911, 718 Boxster and 718 Cayman sports cars, Macan and Cayenne SUVs, and the Panamera four-door sports sedan line-up in the United States, today announced February 2017 sales of 3,637 vehicles, up 2.1 percent over February 2016 (3,561). Year-to-date Porsche recorded 8,239 vehicle sales, a 4.1 percent increase over the same period last year. The Macan remained in strong demand with 1,575 units sold, up 55.6 percent over February 2016. Macan sales year-to-date stand at 3,535 units which represents a 42.5 percent increase over 2016. The 911 model line achieved 552 vehicle sales, an increase
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Business

Pakistan Auto Show is going to start from March 3rd

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Pakistan Auto Show 2017 is going to start from March 3 to 5 in Karachi Expo center where auto parts suppliers and auto service This exhibition will be held in Karachi Expo center and around 67 international companies will participate. Pakistan Association of Auto Parts and Ex Series Manufactures (PAPAM), chairman Mashood Ali Khan said while addressing a press conference in Pakistan last year only six companies came to Pakistan and quite encouraging results have been observed. He said that this time around 85 local companies are displaying their products while 17 sponsors, six universities and 17 support related organizations
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Business

PepsiCo launches Hepatitis C awareness campaign

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PepsiCo Pakistan launched a CSR campaign to raise awareness about Hepatitis C. In its first phase all PepsiCo employees will be tested and given key information about Hepatitis. The initiative is launched in collaboration with Ferozsons Laboratories Limited. The kickoff session held at the PepsiCo Head Office discussed messages around disease awareness and prevention, with a presentation by a leading hepatologist. After the awareness session, information about the disease was distributed, followed by on-spot screening for Hepatitis C for all associates. Globally, Pakistan is number 2 on the list of countries most impacted with viremic HCV infections. Viral Hepatitis presents a
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Shell Unveils its Revolutionary Retail Ecosystem in Lahore & Islamabad

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Shell Pakistan Limited has extended its reimagined retail offerings at two filling stations in Lahore & Islamabad – thus marking a significant milestone in the company’s bid to revolutionize the forecourt experience for customers all over Pakistan. The revamped offerings were inaugurated by Royal Dutch Shell’s Executive Vice President for RetailIstván Kapitány accompanied by the British High Commissioner Mr. Thomas Drew along with the Dutch Ambassador Ms. Jeannette Seppen and the Managing Director of Shell Pakistan, Jawwad Cheema. In Lahore, the Golf View Filling Station now offers Shell’s new generation format Select Store with Kitchen Cuisine’s on-the-go bakery along with
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PTC contributes Rs. 89 billion to National Exchequer in 2016

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PTC contributes Rs. 89 billion to National Exchequer in 2016; volumes decline as illicit cigarette trade grows to 40.6% of the total market in December 2016 Islamabad.  A leading multinational cigarette manufacturing company, Pakistan Tobacco Company Ltd. (PTC), has contributed Rs. 89 billion to the National Exchequer in the form of Excise Duty, Sales Tax, Income Tax and Custom Duties during 2016. PTC has announced its results for 2016 and from January to December, 2016, the Company posted a net turnover of Rs 44,867 million and earnings per share of Rs 40.55. Illicit cigarette trade is currently the biggest challenge
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Samsung Electronics is Reaching Higher for Consumers at MENA Forum 2017

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Samsung continues to deliver on its promise to make IoT a reality today. Samsung introduced breakthroughs in picture quality, design, and smart features with the all-new QLED TVs that use a completely new metal Quantum Dot material. Samsung revealed yet another first of its kind washing machine; FlexWash™, which has the capabilities of two washers in one system. Samsung expanded on its ecosystem of mobile products and smart devices that extend beyond the phone, allowing users to work faster and live smarter. Samsung Electronics Middle East and North Africa (MENA), today, unveiled how it is building on its heritage of
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JCR-VIS has assigned entity ratings AA+/A-1+ to Bank Alfalah

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JCR-VIS Credit Rating Company Limited (JCR-VIS) has assigned initial entity ratings of ‘AA+/A-1+’ (Double A Plus/A-One Plus) to Bank Alfalah Limited (BAFL). Outlook on the assigned ratings is ‘Stable’. The assigned ratings reflect the Bank’s diversified operations, healthy financial risk profile, strong sponsors and existing market presence. BAFL has exhibited sustained improvement across key performance areas including asset quality, liquidity, capitalization, and profitability. Majority owned by the Abu Dhabi Group (ADG), comprising some of the prominent members of UAE’s ruling family and leading businessmen, BAFL is the fifth largest private sector bank in the country with a market share of
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PNSC gets ‘AA’ Entity Ratings from PACRA with a Stable Outlook

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The Pakistan Credit Rating Agency (PACRA) has granted an Entity Ratings of Long Term 'AA' to Pakistan National Shipping Corporation (PNSC) in February, 2017. This rating has been raised from PNSC's previous Entity Ratings of Long Term 'AA-'in 2016.  The Short Term Ratings given to PNSC this year was 'A1+', while its 2016 Short Term Ratings was also A1+. PNSC's Outlook has also remained constant at 'Stable'. The action advised for PNSC in 2017 is 'Upgrade', while last year the advised action was to 'Maintain'. As per PACRA's report, the ratings reflect PNSC's strong ownership – majority owned by Government
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Huawei Consumer Business Group predicts to beat 2015 performance

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Huawei Consumer Business Group (CBG) revealed its expected 2016 annual performance figures indicating a 42 per cent increase when compared to 2015. With anticipated sales revenue of USD $26 billion Huawei CBG is showing steady growth for the fifth consecutive year. Additionally, smartphone shipments reached 139 million units presenting a year-on-year growth of 29 percent. According to IDC, the increasing rate of global smartphone shipments was only 0.6% in 2016, which means Huawei has outperformed the overall market. Mr. Richard Yu, Chief Operating Officer of Huawei CBG commented on the results saying, "Despite tough market conditions Huawei CBG is still
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