Latest news with #Tabba
Yahoo
6 days ago
- Business
- Yahoo
Realcomm IBCon: Don't wait to implement AI in building operations
This story was originally published on Facilities Dive. To receive daily news and insights, subscribe to our free daily Facilities Dive newsletter. SAVANNAH, Ga. — Thousands of building operators and other real estate professionals are gathering this week for Realcomm IBCon, the annual conference showcasing the latest technology for improving properties and their operations. The focus this year, unsurprisingly, is the potential of AI and how to implement it. 'There are now two worlds,' Jim Young, founder and CEO of Realcomm Conference Group, said Monday. 'The real estate world that works at one speed, and the AI world that is not slowing down.' Those that put in the time and effort to adapt to the new technology will define the future of real estate, technology leaders said at the opening session – while those that don't are destined to be defined by it. This year's conference — The New ROI: Return on Innovation — features more than 150 exhibitors showcasing their use of AI, 5G, immersive experiences, IoT, cybersecurity and other innovations changing the way building operators do their work. Among the companies represented are property management software providers like MRI Software and Visitt and data analytics providers like Cherre and VTS. Big and small building automation companies like Johnson Controls and Kode Labs are there, too. Omar Tabba, chief product officer at BrainBox AI, a building management platform provider, was there to show how his company's ARIA platform can enable facility managers to diagnose comfort issues from anywhere, arming them with an AI-driven tool to respond to out-of-the-ordinary conditions or building systems that aren't functioning correctly. 'ARIA does an analysis, like any facilities professional would do,' Tabba said. 'It fetches the outside air temperature, the average indoor temperature, the set point range and the outdoor and indoor relative humidity. It goes through each of the rooftops and sees that cooling is active with all three stages going on the rooftop units. Basically, it's comfortable, but humid, and the recommendations are to check the dehumidification and system balancing.' While these are standard checks for any facilities manager or HVAC maintenance technician, it may normally take 30 to 40 minutes to pull up and look at all these factors, he said. 'This takes about five seconds [with ARIA], and is a great example of agentic AI and generative AI being used in real buildings, with real equipment, solving real-world problems,' Tabba said. 'Basically collapsing the time required for someone to diagnose the same exact thing.' Seminars, workshops and exhibitions begin Tuesday. A number of companies will have a forum later this week to showcase how they're using AI. Attendees will be able to walk around at their own speed and have conversations and get answers to questions they have about AI opportunities and challenges, said Sarah Bemporad, strategic director of content development and production at Realcomm. Recommended Reading How JLL sees facilities managers benefitting from AI Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Recorder
24-05-2025
- Automotive
- Business Recorder
Proposed tariff rationalisation plan discussed
ISLAMABAD: Chairman of Lucky Motor Corporation (LMC) Muhammad Ali Tabba has met with the Federal Minister for Finance and the Special Assistant to the Prime Minister (SAPM) on Industries and Production to share his concerns regarding the government's proposed Tariff Rationalisation Plan, particularly the reduction of duties on Completely Built-Up (CBU) vehicles to 15 percent over a period of five years. He emphasised that while the intent behind tariff rationalisation may be to make cars more affordable for customers, the proposal currently under consideration—if implemented without a well-thought-out approach—could have an adverse impact on Pakistan's local auto industry, undermine investor confidence, and lead to a current account deficit. He noted that under the Auto Development Policy (ADP) 2016–2021, Korean, European, and Chinese automakers entered the Pakistani automotive market with a cumulative investment of approximately $1.2 billion to establish local manufacturing plants. This initiative achieved key objectives, including offering more choices to consumers, fostering competition, and creating employment opportunities both in vehicle assembly and the auto parts manufacturing sector. While expressing support for the government's initiative to rationalise tariffs, Tabba stressed that a significant gap must be maintained between CBU and Completely Knocked-Down (CKD) duty rates in order to protect the domestic auto industry. He suggested that a consultation session be held with key stakeholders to determine the appropriate duty differential between CBU and CKD imports in order to safeguard the local auto industry. In addition to tariff concerns, he voiced his reservations about the potential liberalisation of used car imports. He stated that Pakistan's auto industry currently produces and sells around 150,000 units per year and hosts approximately 16 automobile brands — offering far more consumer choice than in the past. In this context, there is no justification for liberalising used car imports. He also expressed concern over the government's proposal to allow the commercial import of used cars, warning that such a policy could turn Pakistan into a 'junkyard' of second-hand vehicles. Given Pakistan's fiscal constraints and limited foreign exchange reserves, Tabba proposed that a liberal import and tariff regime is unsustainable and would likely result in the depletion of FX reserves, a widening current account deficit, and further depreciation of the PKR. In response, the SAPM on Industries and Production assured Tabba that the government values industry input and will consult all stakeholders before finalising any decisions on the tariff rationalisation and used car import policies. Copyright Business Recorder, 2025
Express Tribune
24-05-2025
- Automotive
- Express Tribune
Reduction in duties on vehicles rejected
Listen to article Lucky Motor Corporation Chairman Muhammad Ali Tabba has aired concerns over the government's proposed tariff rationalisation plan, particularly the reduction in duties on completely built-up (CBU) vehicles to 15% over a period of five years. Tabba emphasised that while the intent behind tariff rationalisation may be to make cars more affordable for customers, the proposal currently under consideration, if implemented without a well-thought-out approach, could have an adverse impact on Pakistan's auto industry, undermine investor confidence and lead to a current account deficit. He made the remarks while meeting Federal Minister for Finance Muhammad Aurangzeb and Special Assistant to the Prime Minister on Industries and Production Haroon Akhtar Khan. He noted that under the Auto Development Policy (ADP) 2016-2021, Korean, European and Chinese automakers entered the Pakistani market with a cumulative investment of $1.2 billion to establish their manufacturing plants. This initiative achieved key objectives, including offering more choices to consumers, fostering competition and creating employment opportunities both in vehicle assembly and auto parts manufacturing sectors.
Arab News
08-04-2025
- Business
- Arab News
Private sector firm says significant copper-gold mineralization discovered in Pakistan's southwest
KARACHI: The National Resources Limited (NRL), a private sector company involved in exploring and mining minerals in Pakistan, has discovered significant copper-gold mineralization in the southwestern Balochistan province, the firm said on Tuesday. NRL, a subsidiary of Fatima Fertilizer, Liberty Mills Limited and Lucky Cement, was awarded a lease in October 2023 for an area that contained two known porphyry prospects with strong exploration potential. Over 15 months, NRL had identified 18 new prospects, one of whom, 'Tang Kaur,' had rapidly progressed to an 'advanced drilling stage.' 'NRL has completed 13 diamond drill holes (3,517 meters), all of which intersected significant porphyry-style alteration, sheeted and stockwork quartz vein sets, and sulfide mineralization,' the statement said, quoting Muhammad Ali Tabba, Chairman NRL and CEO Lucky Cement Limited as he addressed the Pakistan Minerals Investment Forum 2025. 'Assay results from the first six drill holes (1,500 meters) confirm strongly mineralized, near-surface zones with downhole intervals ranging from 48 to 148 meters, using a 0.2 percent copper cut-off grade and up to 10 meters of internal dilution. The average grade of the intercepts ranges from 0.23 percent to 0.48 percent copper, 0.09 to 0.14 g/t gold, and 1.30 to 6.21 g/t silver, resulting in a copper equivalent of 0.28 percent to 0.56 percent. The mineralized system remains open to the north, east, and at depth.' Tabba said advanced drilling at Tang Kaur was scheduled for May 2025. Additionally, NRL has acquired a lead-zinc exploration license adjacent to a well-known deposit, where a Bankable Feasibility Study had already been conducted, he said. A comprehensive metal value chain was also being studied to assess the feasibility of downstream processing. 'NRL is actively working with the Government of Baluchistan and the Special Investment Facilitation Council (SIFC) to secure two additional Copper-Gold Exploration licenses in Chagai, Balochistan supported by a dedicated $100 million exploration fund,' the statement added. 'We have also signed MOU with Oil and Gas Development Company to work on newly acquired leases together. Looking ahead, NRL plans to bring additional national and international investors into the project as required.' Pakistan is hosting ministers and officials of private mining companies from Saudi Arabia, China, the United States and a host of other countries for a two-day minerals summit in the capital today, Tuesday, as it eyes international investment in its natural reserves estimated to be worth $6 trillion. Grappling with a prolonged macroeconomic crisis, Pakistan hopes to tap into its vast reserves of minerals and natural resources to turn its fortunes around. The country is home to one of the world's largest porphyry copper-gold mineral zones, while the Reko Diq mine in southwestern Balochistan has an estimated 5.9 billion tons of ore. Barrick Gold, which owns a 50 percent stake in the Reko Diq mines, considers them one of the world's largest underdeveloped copper-gold areas, and their development is expected to have a significant impact on Pakistan's struggling economy.
