App Store in crosshairs as Apple courts developers
?We only collect a commission from developers when a digital good or service is delivered through an app,? Apple said in a page recently established in defense of the App Store. In contrast, applications tailored for mobile devices powered by iOS rival Android can be obtained at online venues aside from Google?s Play Store, where the Internet firm can ...
SECP makes accounting standards mandatory
Staff Reporter Karachi Abacus Consulting, a leading firm in transformation services, has entered into a strategic alliance with Aestimatio Analytics Inc. on an exclusive basis in Pakistan to provide end-to-end automated solution for estimating provisions under IFRS 9 for corporations, especially listed companies and financial institutions. Elaborating on the software, Dr. Muhammad Saleem, MD Aestimatio Analytics, said, ?Aestimatio 9 is ...
Beaconhouse School System, NIC Islamabad sign MoU
ISLAMABAD (PR) Beaconhouse School System, Pakistan?s largest education system, and the National Incubation Centre Islamabad, a premier state-of the art campus, recently held MoU signing ceremony in Islamabad. The MoU was signed by Nassir Kasuri, Executive Director Beaconhouse Group, and Parvez Abbasi, project director National Incubation Centre Islamabad.
Airlines want joint lifting of 737 MAX ban, but EU cautious
Global airlines urged regulators on Sunday to coordinate on software changes to the Boeing 737 MAX, thus avoiding damaging splits over safety seen when the aircraft was grounded in March. ?Certainly EASA will take a very close look at the results (of proposed design changes) and then make a decision and that message was very clearly passed,? Transport Commissioner ...
Total takes on Toshiba’s US LNG business
Paris/Tokyo Total will take over Toshiba?s U.S. liquefied natural gas business and get $800 million cash from the Japanese group as part of the deal, the companies said, weeks after attempts to sell it to a Chinese buyer fell through. It added that the purchase would add 2.2 million tonnes per annum (Mtpa) of LNG to its U.S. business, which ...
Jazz fastest operator to reach 10 million super 4G data subscribers
ISLAMABAD (PR) Jazz, Pakistan?s leading digital communications company, has achieved yet another milestone by crossing the 10 million mark for super 4G data subscribers. Not only is Jazz the country?s largest mobile operator with 59+ million subscribers, but is also the largest internet provider in the country with the largest data user base of over 35 million 2G, 3G ...
Plastic exports up by 30pc
The plastic exports from the country were recorded at $ 263.655 million during July-April (2018-19) against the exports of $202.527 million during July-April (2017-18), showing growth of 30.18 percent, according to Pakistan Bureau of Statistics. On month-on-month basis, the exports of plastic material however witnessed decreased of 23 percent in April 2019 when compared to the exports of $26.745 ...
Saudi Arabia’s central bank warns global slowdown may hit growth
Saudi Arabia?s economy is expected to pick up in 2019 but a global economic slowdown and its potential impact on the global oil market could impact growth, the Kingdom?s central bank said. Saudi Arabia?s economy grew by 2.2% in 2018, driven by the oil sector, compared to a decline of 0.7% in 2017, the Saudi Arabian Monetary Authority (SAMA) ...
Govt aims to revive PSM on fast track basis: Dawood
ISLAMABAD?? -?? Adviser to the Prime Minister on Commerce, Textile, Industry & Production and Investment Abdul Razak Dawood on Friday said that the government will be rigorous in carving out a plan for the revival of Pakistan Steel Mills. The adviser appreciated the initial proposals and asked the participating companies to submit the proposals officially and assured them that ...
Cement retail rates up by Rs20/ a 50-kg/bag
Cement retail rates up by Rs20/ a 50-kg/bag. For best experience download and install PkShorts app on your smartphone
Plan to set up PDC in Sialkot for composite based sports goods
Sialkot The federal government is contemplating to establish ?Product Development Centre? (PDC) for Composite Based Sports Goods in the city costing Rs 487.97 million. Service like facilitate in increasing exports of composite based sports goods, prototype production, provide skilled workforce to the industry, product testing, help develop imported machinery locally and enhance productivity by providing technical consultancy service to new ...
Govt issues sales tax refund bonds to exporters
ISLAMABAD?? -?? In order to facilitate businesses, particularly exporters, the government on Friday issued refund bonds to the claimants worth of Rs7 billion as first tranche. The Federal Board of Revenue (FBR) made necessary arrangements for issuance of bonds through Central Depository Company (CDC). Adviser to the Prime Minister on Finance, Revenue and Economic Affairs, Dr Abdul Hafeez ...
How Trump’s Mexico threat imperils his own economic agenda
President Donald Trump?s vow to impose new tariffs on Mexican imports risks sabotaging not just his drive to forge more favorable trade deals but also a US economy that he says has strengthened under his watch. ?It?s very hard to see the USMCA going forward after this,? said Philip Levy, who was a White House economist under President George ...
Fish exports decline 6pc to $348.484m in 10 months
The seafood exports during July-April (2018-19) were recorded at $348.484 million against the exports of $371.548 million in July-April (2017-18), showing negative growth 6.21 percent, according to Pakistan Bureau of statistics (PBS).
Businessmen want harmonisation between Sales Tax and Income Tax laws
The Friends of Economic and Business Reforms (FEBR) President Kashif Anwar has said the non-filers, who are outside the tax net, are not accounted for at all, which discourages businesses to come into the tax net, calling for legislations through parliament for protection of the rights of the existing taxpayers. Kashif Anwar said that in the past instead of ...
PEW criticises creation of market support fund
The newly established market support fund is, in fact, a broker support fund for which Rs20 billion have been earmarked while the process of approvals has been completed with unprecedented speed, said Dr. Murtaza Mughal, President PEW.
China raises tariffs on US goods amid esclating tensions
China on Saturday increased tariffs on billions worth of US goods as it prepares to unveil a blacklist of ?unreliable? foreign companies that analysts say aims to punish US and foreign firms cutting off supplies to telecoms giant Huawei. Hitting back, China?s commerce ministry said Friday it would release its own list of ?unreliable entities? that break their commercial ...
Call to take full benefit of GSP Plus status to bridge trade deficit
The Textile Traders Association (TTA) chairman Sheikh Abdul Mannan has stressed the need for fully availing the preferential market access by the EU countries for textile products under the GSP Plus scheme with a view to further bridge the trade as well as current account deficit (CAD) which has contracted by 27 percent to $11 billion during the first ...
US cuts off India preferential trade access
The United States will end preferential trade treatment for India from Wednesday, US President Donald Trump has announced, in a fresh economic headwind for New Delhi alongside slowing growth and record unemployment.
Huawei ‘not a military company’: China defence minister
?It doesn?t make sense because these sorts of ex-servicemen, upon their retirement, a lot of them have set up companies in countries across the world.?
