Finance

$2 billion is at stake as companies seek to impose deep-sea mining rules by 2025 – Trendy Blogger

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billion is at stake as companies seek to impose deep-sea mining rules by 2025 – Trendy Blogger

Companies investing heavily in exploring for precious seabed minerals have urged the International Seabed Authority (ISA) to adopt long-awaited deep-sea mining regulations by 2025, highlighting concerns about the lack of a legal framework. Under UNCLOS, the Homeland Security Agency, based in Jamaica, is charged with protecting the seabed in areas beyond national jurisdiction and supervising … Read more

Pakistan and China sign a memorandum of understanding worth $250 million in the medical equipment sector – Trendy Blogger

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Pakistan and China sign a memorandum of understanding worth 0 million in the medical equipment sector – Trendy Blogger

Pakistan and China signed MoUs worth around US$250 million to enhance cooperation in the medical equipment and surgical instruments sector at a business matchmaking conference in Beijing. Silk Road Assistance Industrial Internet platform, which specializes in cross-border business advisory services, has concluded agreements with Pakistani dental and surgical instrument manufacturer Sawwat and Chinese pharmaceutical company … Read more

The Qadir Fund case: How one deal brought down Imran Khan and Bahria Town – Trendy Blogger

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The Qadir Fund case: How one deal brought down Imran Khan and Bahria Town – Trendy Blogger

Former Prime Minister Imran Khan was found guilty in the Al Qadir Trust case, with an accountability court sentencing him to 14 years in prison at the end of a nearly two-year trial. The ruling also convicted the wife of the former Prime Minister, Bushra Bibi, and sentenced her to seven years in prison. The … Read more

The government is cutting more than 1,200 PTV jobs in a cost-saving move – Trendy Blogger

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The government is cutting more than 1,200 PTV jobs in a cost-saving move – Trendy Blogger

The government has decided to cut 1,232 jobs, nearly one in every four sanctioned jobs, at the Pakistan Television Authority (PTV) to reduce its financial losses. The announcement was made during a meeting of the Cabinet Committee on State-Owned Enterprises on Friday, which was chaired by Finance Minister Muhammad Aurangzeb. “The committee was informed that … Read more

The United States provides $590 million to Moderna to develop a bird flu vaccine – Trendy Blogger

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The United States provides 0 million to Moderna to develop a bird flu vaccine – Trendy Blogger

The US government has awarded Moderna $590 million to accelerate the development of its bird flu vaccine, as part of efforts to address rising infection rates in humans. This funding builds on $176 million provided by the Department of Health and Human Services (HHS) last year to advance late-stage trials of a messenger RNA (mRNA)-based … Read more

Finance Minister reviews New Energy Vehicle Policy 2025 to boost adoption of electric vehicles – Trendy Blogger

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Finance Minister reviews New Energy Vehicle Policy 2025 to boost adoption of electric vehicles – Trendy Blogger

Federal Minister for Finance and Revenue, Senator Muhammad Aurangzeb, chaired a meeting on New Energy Vehicle (NEV) Policy 2025 at the Finance Department today. The policy aims to address key challenges in the adoption and production of electric vehicles (EVs) and set ambitious targets for the transition to clean energy in the transportation sector. The … Read more

TikTok ban deadline forces businesses to prepare for closure – Trendy Blogger

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TikTok ban deadline forces businesses to prepare for closure – Trendy Blogger

On Sunday, the United States set a deadline for TikTok to cut ties with its China-based parent company, ByteDance, or close its operations in the United States. The deadline comes after the Supreme Court upheld the ban in a unanimous decision, citing national security concerns. With President Joe Biden taking no action to delay implementation, … Read more

PIA will launch its inaugural flight to Gwadar Airport on January 20 – Trendy Blogger

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PIA will launch its inaugural flight to Gwadar Airport on January 20 – Trendy Blogger

Pakistan International Airlines (PIA) will operate its first ever flight to the New Gwadar International Airport on January 20, 2025, marking a milestone in the country’s aviation history. “This is a proud step towards connecting Pakistan like never before,” PIA announced on social media, celebrating the historic event. The new Gwadar International Airport, the largest … Read more

PepsiCo is facing a lawsuit with the US Federal Trade Commission over allegations of price discrimination – Trendy Blogger

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PepsiCo is facing a lawsuit with the US Federal Trade Commission over allegations of price discrimination – Trendy Blogger

The US Federal Trade Commission (FTC) filed a lawsuit against PepsiCo, Inc. on Friday, alleging that the company engaged in illegal price discrimination by providing unfair pricing advantages to large retailers. The complaint alleges that PepsiCo provided promotional payments and other benefits to the retailer while increasing prices for competitors. Lina M said: “When companies … Read more

He urged FBR to set up a tax office in Gwadar amid rising economic activity – Trendy Blogger

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He urged FBR to set up a tax office in Gwadar amid rising economic activity – Trendy Blogger

The Pakistan Tax Bar Association (PTBA) has called on the Federal Board of Revenue (FBR) to set up a dedicated tax office in Gwadar, citing increased economic activity and growing compliance challenges faced by local taxpayers. In a letter to FBR Member (Operations) Hameed Atiq Suroor, the PTBA asserted that the existing facilitation center in … Read more