ISW Holdings Lands Significant Hosting/Mining Agreement with Global Leader Bitmain to Launch Phase One at New Georgia Cryptocurrency Mining Operation

LAS VEGAS, July 27, 2021 (GLOBE NEWSWIRE) — via InvestorWire — ISW Holdings, Inc. (OTC: ISWH) (“ISW Holdings” or the “Company”), a global brand management holdings company, is excited to announce the signing of a cryptocurrency mining hosting agreement (the “Agreement”) with Bitmain Technologies (“Bitmain”), the world’s leading producer of cryptocurrency mining hardware and a leading global cryptocurrency mining firm.The Agreement will form the backbone of the Company’s Phase One launch of its cryptocurrency hosting and mining operation in Georgia. Further details related to this Agreement will be discussed in the near future.

Irene Gao, Antminer BD Director NCSA Region, Bitmain, said, “We are excited to have signed this new pioneering project to begin cooperation with ISW Holdings, a new milestone for the industry for creating hosting facilities overseas. The 200 MW facility is the first phase of our long-term partnership, utilizing renewable energy as its source. We expect to further expand this project into the future to support the development of the industry.”

“Bitmain is probably the most recognizable name in the mining space, and we are excited that they will be a major piece of our success in Georgia,” remarked Alonzo Pierce, ISW Holdings president and chairman. “Once our 200 MW power tranche is fully utilized, we anticipate annualized revenues of over $200 million, but that will only close the first phase of our vision. We look forward to discussing our next phases in due course. If we are able to execute according to our full vision, we have the potential to drive exponential revenue growth ahead.”

For more details and forward-looking statements, view the entire announcement:

About Bitmain

Bitmain Technologies is a multinational semiconductor company with state-of-the-art IC design capabilities. Bitmain offers products, including chips, servers, and cloud solutions for blockchain and artificial intelligence (AI) applications. Founded in 2013 and headquartered in Haidian District, Beijing, Bitmain has research and development centers in Hong Kong, Singapore, and the United States. According to Frost & Sullivan, Bitmain is among the world’s top 10 fabless IC designers and China’s second largest. In the blockchain mining area, Bitmain has shipped billions of ASICs, accounting for 75% of the global market.

About ISW Holdings

ISW Holdings, Inc. (ISWH), based in Nevada, is a diversified portfolio company comprised of essential business lines that serve consumer product demands. Our expertise lies in strategic brand development, early growth facilitation, as well as brand identity through our proprietary procurement process. Together, with our partners, we seek to provide a structure that meets large scalability demands, as well as anticipated marketplace needs. We are able to meet these needs through a variety of strategic innovative processes. ISWH is creating and managing brands across a spectrum of disruptive industries. It maneuvers its proprietary companies through critical stages of market development, which includes conceptualization, go-to-market strategies, engineering, product integration and distribution efficiency. The company has also partnered with a well-known software development and consulting company, Bengala Technologies LLC, which is developing significant enhancements in the supply chain management space; and the partnership has a vitally needed patent now pending.

The Company’s cryptocurrency mining segment, established in partnership with industry leader, Bit5ive LLC, is driven by a mission to mine cryptocurrency with a zero-carbon footprint.

For more information, visit

Company Contact:

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Los Angeles, California
310.299.1717 Office

‫چین کی رپورٹ میں شنگھائی اسپرٹ اور ایس سی اُواز کی 20ویں سالگرہ کے موقع پر خراج تحسین پیش کرتے ہوئے ذاتی کہانیاں پیش کی گئیں

بیجنگ، 27 جولائی 2021 /پی آر نیوز وائر – ایشانیٹ / – اس سال کو شنگھائی تعاون تنظیم (ایس سی او) کے قیام کی 20ویں سالگرہ سے منسلک کیا گیا ہے۔شنگھائی تعاون تنظیم کا قیام امن، ترقی اور تعاون کے دور کے رجحان کے مطابق تھا اور اس نے ایک نئے دور کا آغاز کیا جس کا مقصد خطے میں موجود ممالک سلامتی پیدا کر سکیں، ترقی کو فروغ دے سکیں اور مشترکہ طور پر خوشحالی کا اشتراک کر سکیں۔

چائنا نیشنل اکیڈمی آف گورننس میں بین الاقوامی تعاون کے محکمے کے ڈائریکٹر جنرل ڈونگ چنگ نے کہا کہ انہوں نے 2009 سے شنگھائی تعاون تنظیم کے ساتھ دیرپا تعلقات قائم کیے ہیں۔ چائنا نیشنل اکیڈمی آف گورننس نے گذشتہ 20 سالوں میں شنگھائی تعاون تنظیم کو بہت سی صلاحیتوں سے نوازا ہے اور تنظیم کے ساتھ گہری دوستی قائم کی ہے۔ ڈونگ چنگ نے امید کا اظہار کرتے ہوئے کہا کہ آئندہ “فورم آن گورننس اینڈ لیڈرشپ” کے ذریعے شنگھائی اسپرٹ کو عملی تعاون کو مستحکم اور بھرپور طریقے سے فروغ دے سکتے ہیں۔

پچھلے 20 سالوں میں شنگھائی تعاون تنظیم کی کامیابیاں ابتدائی دنوں میں اس کے اراکین کی کوششوں سے لازم و ملزوم ہیں۔ گریگوری ایک روسی سفارت کار ہے۔ انہوں نے یکم اگست 2001 سے شنگھائی تعاون تنظیم کے کاموں میں حصہ لیا۔ان کی نظر میں “شنگھائی اسپرٹ” اتنی ہی اہم ہے جتنی “بنڈونگ اسپرٹ” اور “پرامن بقائے باہمی کے پانچ اصول۔

نورلان شنگھائی تعاون تنظیم کے سیکرٹریٹ میں جمہوریہ قازقستان کے مستقل نمائندے کی حیثیت سے شنگھائی اسپرٹ کو ایک منفرد جذبہ سمجھتے ہیں جو باہمی افہام و تفہیم اور احترام کی نشاندہی کرتا ہے۔شنگھائی اسپرٹ کی وجہ سے ہی ریجنل استحکام کو برقرار رکھنے میں شنگھائی تعاون تنظیم ایک اہم عنصر بن گیا ہے۔

بیجنگ میں روسی ثقافتی مرکز کی ڈائریکٹر کاسیانووا کئی بار شنگھائی تعاون تنظیم کی سرگرمیوں اور تقریبات میں حصہ لے چکی ہیں اور انہیں لگتا ہے کہ یہ تمام سرگرمیاں گرمجوشی اور ہم آہنگی سے بھری ہوئی ہیں۔اس لئے جب وہ ایس سی او سیکرٹریٹ میں کام کرنے آئی تو انہیں گھر کا سا احساس ہوا۔

شنگھائی اسپرٹ کی رہنمائی میں شنگھائی تعاون تنظیم نے بین الاقوامی سطح کی آزمائش کو عبور کیا ہے اور تعاون اور ترقی کی راہ پر گامزن ہے جو خطے کے حقائق اور تمام فریقوں کی ضروریات کو پورا کرتا ہے اور ایک نئی قسم کے بین الاقوامی تعلقات بناتا ہے اور بنی نوع انسان کے مشترکہ مستقبل کے ساتھ ایک کمیونٹی کی تعمیر کے لئے اہم کھوج لگاتا ہے۔

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Senate Panel Orders NEPRA to Solve Overbilling & Load-Shedding Problems

A meeting of the Senate Standing Committee on Cabinet Secretariat was held under the Chairmanship of Senator Rana Maqbool Ahmad on Tuesday.

A detailed briefing on the working and performance of the Oil and Gas Regulatory Authority (OGRA) and the National Electric Power Regulatory Authority (NEPRA) was received by the committee members.

The Public Petition PP-3745 pertaining to PTDC, submitted by Malik Muhammad Khan, Chairman MK Pakistan, referred by Chairman Senate on 29th June 2021, was also considered.

The meeting commenced with welcoming words by the Chairman Committee and underlined that the committee would work above party lines, with its primary role as a Parliamentary oversight to assist the departments in service and delivery for the common public.

While briefing on the Redressal of Complaints and Enforcement Activities (Oil, LPG, and CNG), the Chairman OGRA apprised the committee members that a formal website has been designed to register online complaints. He further informed the committee that complaints can also be registered through phone calls, which are received by the registrar of the relevant province and forwarded to the Delegatory Officer (DO). The complaint is to be resolved within 90 days, and the decision is binding for the affectees, he informed.

Chairman OGRA informed the committee that so far, 2,763 million complainants had been provided relief. He further apprised the committee that a total number of 1,566 complaints were received through Pakistan Citizen Portal. Out of which, 1,389 have been resolved, and 25 have been forwarded to departments for action.

The committee was also informed that 1,137 complaints had been received through Clean and Green Pakistan. Out of which, 1,000 are oil-related complaints, and 137 are CNG-related complaints. He further informed that eighteen fines of Rs. 50,000 have been imposed following these complaints. The Chairman Committee asked to set a criterion to seek whether or not such services have increased or decreased the satisfaction of the common public.

The committee members and the officials of OGRA had a detailed discussion on the disparity in the oil pricing and the criteria through which the oil prices are increased. Senator Rana Maqbool Ahmed asked the OGRA Chairman as to what is the wisdom in recommending an increase of Rs. 10 to 15 at prices of petrol and diesel, which is later reduced by the government, thereby adding insult to the injuries of the common people. The price hike in LPG within two weeks is considered a matter of serious concern. The Chairman OGRA was asked to furnish a report to the committee within a fortnight, showing tangible improvements in the performance of his department.

The OGRA officials informed that the LC evaluates the price relying on the International Crude Market, along with variable taxes. The committee was informed that OGRA has been given a mandate by the Federal Government to notify the prices of Kerosene. Ethanol (E-10) since June 2006 and Inland Freight Equalization Margins (IFEM) since September 2008. The committee members lamented that the high octane product has not been given in one price on different petrol stations.

Senator Kamil Ali Agha added that the common public is compromising on the quality and the quantity of Petroleum. The Officials informed the committee that 70 percent petroleum and 40 percent diesel are imported. A new refinery policy is also being introduced to redress such complaints.

The chairman committee directed the OGRA officials to introduce a mechanism for the check and balance of disparity in oil pricing, the misconduct in the services provided by the petrol stations, and the use of impurities in petroleum products.

Senator Engr. Rukhsana Zuberi raised the point on the grant of license to the oil industry. The OGRA officials informed the committee that if the stock cannot be stored above 20 days then the license is not provided. The committee members stressed that the license, which has been granted under certain terms and conditions, should be fulfilled, and violation of the same shall result in revocation of the license by the issuing authority. The Chairman Committee emphasized assisting in the provision of the legislative power in this regard.

The Committee also received a comprehensive briefing on the working and performance of the NEPRA. The NEPRA officials informed the Committee that 40 percent of NEPRA losses have come down by 21 percent.

The committee members showed resentment on the poor working of the WAPDA office/authorities. Senator Khalida Ateeb expressed her displeasure that the increasing Electricity bill is resulting in the increasing miseries of the common people. The committee members discussed in detail the problem of load-shedding and malfunctioning of transformers, leaving the common public in pain and agony. The Chairman Committee directed the NEPRA officials to prepare a report within a fortnight on the initiatives taken on overbilling and repair of transformers to rectify the problems of the public. He also urged Chairman NEPRA to improve the performance of his department, which is far from a satisfactory standard.

A detailed discussion on the Public Petition PP-3745 pertaining to PTDC, submitted by Malik Muhammad Khan, Chairman MK Pakistan referred by Chairman Senate on 29th June 2021, was considered. The Chairman Committee deferred the Petition for 10th August, with the direction to the official of the PTDC to consult The PTDC Board for a way forward in a legal framework on the disputed land and give a report in the next meeting for further deliberation.

The meeting was attended by Senator Saifullah Sarwar Khan Nyazee, Kamil Ali Agha, Prince Ahmed Omer Ahmed Zai, Khalida Ateeb, Engr. Rukhasana Zuberi, Naseebullah Bazai, State Minister for Parliamentary Affairs, Ali Muhammad Khan. The officials of the Cabinet Division, OGRA, NEPRA, and PTDC were also in attendance.

Source: Pro Pakistani

CDC Group Agrees $50 Million Trade Finance Risk Sharing Facility with HBL Bank UK

CDC Group, the UK’s development finance institution and impact investor, has announced a $50 million risk-sharing facility with HBL UK, the majority-owned subsidiary of HBL, Pakistan’s largest private sector bank operating in 14 countries across the world.

The facility will increase HBL UK’s capacity to support trade with local banks and trade supply chains across South Asia and Africa.

As COVID-19 continues to disrupt trade in goods and commodities, CDC and HBL UK’s facility will provide critical credit support to ensure consumers have access to essential goods and services.

It will boost the import of food and agricultural commodities, metals, machinery and other essential resources. The risk-sharing facility will increase economic opportunities across a wide socio-economic strata and support businesses despite the impact of COVID-19 on economic activity, particularly in markets where HBL has a strong regional presence such as Pakistan, Bangladesh and Sri Lanka.

This latest commitment from CDC builds on an existing partnership with HBL that spans over five years. It is aligned with the common goal of both organisations of extending financial inclusion across South Asia.

The facility will also help HBL UK broaden its reach across Africa, allowing it to provide liquidity to local banks and keep economic activities flowing – much needed support at a time when local banks and businesses struggle to access foreign exchange.

Admir Imami, Director, Head of Trade & Supply Chain Finance, CDC, said: “We are thrilled that CDC’s facility to HBL UK will strengthen the bank’s ability to offer necessary support to local financial institutions, banks and business that are sustaining local economies and meeting basic consumer needs. CDC is committed to focusing its capital toward helping to mitigate the impact of the pandemic throughout Asia and Africa’s markets, even as Covid-19 exacerbates existing pressures on trade finance. We are pleased that our partnership with HBL UK will help address the financing gap to local businesses, sustain supply chain and trade flows, and ensure communities and businesses can recover and grow.”

Andreas Ponce de Leon, Chief Executive Officer, HBL UK, added: “We are proud of the partnership between HBL UK and CDC. At HBL, we are centred on our customers’ needs and that means supporting the communities in which we operate and do business. This partnership will help us sustain growth in our core markets. By supporting local banks, we facilitate access to trade finance needed by growing business, and thereby we help boost exports, create new jobs, promote financial inclusion and underpin economic growth.”

Source: Pro Pakistani

Govt to Import 100,000 Metric Tons of Sugar to Stabilize Domestic Market Prices

The Federal government has decided to import 100,000 metric tons of sugar.

Sources told ProPakistani that the Economic Coordination Committee is likely to approve importing 100,000 metric tons of sugar in tomorrow’s meeting as the Ministry of Industries and Production, on the instructions of the Prime Minister secretariat, has prepared a summary in this regard.

Sources said that Pakistan had imported 0.130 million metric tons of sugar last year.

Pakistan has ample sugar till November 15, 2021, but the government wants to acquire more sugar to stabilize the prices, which are increasing day by day.

It is pertinent to note that an increase of Rs. 15 to 20 in sugar prices was witnessed during the last six months, as it was recorded Rs. 90 in January, which rose to Rs. 110 in mid-July.

It is worth mentioning here that the government has fixed Rs. 88 per kg as the maximum retail price of sugar, as the mills in their sales tax returns, declared Rs. 70.42 per kg as the average ex-mill sales rate, Rs. 1 per kg distribution cost, Rs. 4 per kg transport/packing and retailer margin, and 17 percent sales tax per kg in their sales tax returns.

On the other hand, Pakistan Sugar Mills Association has never agreed to the price fixation, as one senior official told this scribe that the average ex-mill price comes to Rs. 101 per kg.

“We have to clear sugarcane farmers dues coupled with interest payments on working capital to commercial banks,” he told.

Sources also said the ECC would approve a 5-year strategic trade policy framework, which was deferred in the previous meeting.

Source: Pro Pakistani

Govt Approves Pakistan’s First Ever Digital Advertisement Policy

The federal cabinet on Tuesday approved the country’s first-ever government’s Digital Advertisement Policy 2021, under which advertisements will be made digital while ensuring transparency.

The objective of the policy is to provide a broader framework for Government advertisements and communications in order to inform and inculcate awareness among the masses on the issues of public importance/interest and achievements of the government in print, electronic, social, digital, new and allied media.

Federal Information Minister Fawad Chaudhry announced it while addressing a press conference after the cabinet meeting chaired by Prime Minister Imran Khan.

In a first, the Press Information Department will be shifted to a digital format and become paperless.

Chaudhry said the government would now also sanction advertisements to the digital media. He added,

I had written a letter to the Finance Ministry in 2018, informing them that Rs. 3-4 billion was being spent on digital ads at the time, which has now increased to Rs. 25 billion”. Federal Board of Revenue has not yet framed its policy on it, but the government has taken advertisement in advanced mood. First, the government has introduced transparency and adjustment has been made in rates of advertisement and payments were scheduled. Digital advertisement would bring new revolution for digital media

Back in March, when the portfolio of information ministry was held by Shibli Faraz, the Ministry announced its intention to introduce a Digital Media Advertising Policy, keeping in view the rising trend of social media and internet surfing. Federal Minister for Information and Broadcasting, Senator Shibli Faraz, Focal Person to PM on Digital Media, Dr. Arslan Khalid and GM Digital Media Wing, Imran Ghazali had also briefed the prime minister in this regard.

The premier was briefed that currently there are 93 million internet users in Pakistan and over 45 million social media users, and the number is continuously growing. Keeping in view the rising trend, mechanism for the release of public sector advertisements on digital media has been proposed.

Earlier, there was no mechanism in place for Digital Media Advertisement of the federal government.

Pakistan’s digital media industry is rapidly growing, and this policy will enable the new digital platforms, and content creators and will overall help the economy of Pakistan. Recognition of Digital Media will encourage the corporate sector to adopt digital media as an advertising medium.

He said the cabinet had also approved spectrum auction for next-generation mobile services in the country.

Cyber Security Policy

The federal cabinet has approved the National Cyber Security Policy 2021 for data protection and prevention of cybercrimes, the minister said, after which it was revealed that India had used the NSO Group’s spyware to target PM Imran Khan’s number.

Fawad said the policy has been introduced keeping in view the enhanced significance of the cyber regime.

Option To Block SIMs ‘open’

The information minister said that big cities have been tasked to vaccinate 40% of their eligible population in August, however, the inoculation ratio is still low.

In a bid to inoculate maximum people, vaccination has been made mandatory in government corporations, he said. “If the voluntary coronavirus inoculations do not increase, then the option to block mobile phone SIMS of such people is available,” the information minister added.

Fawad said that the cabinet has approved a policy whereby Pakistanis can be dual nationality holders if they wish to also hold Czech Republic citizenship.

It also approved a new policy for foreign investment in the country which is aimed at providing security to international investors, and reducing international litigation against Pakistan’s bilateral agreements.

Source: Pro Pakistani