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Articles for tag: admits, companies, country, Energy, Expensive, FinMin, high, leaving, Taxes

January 15, 2026

News Desk

FinMin admits that some companies are leaving the country because of high taxes and expensive energy

Finance Minister Muhammad Aurangzeb addresses the Pakistan Policy Dialogue in Islamabad on January 14, 2026. — Screengrab via Geo News 20 new foreign investors entered Pakistan market: FinMin. He says investors include Google, Aramco, Wafi Energy, Turkish Petroleum. It adds up to nearly Rs 1 trillion wasted annually due to inefficiencies in state-owned enterprises. Finance Minister Muhammad Aurangzeb admitted on Wednesday that some companies are leaving the country because of high taxes and expensive energy, stressing that the government is fully aware of the challenges facing the economy. However, the finance minister said there are 20 new foreign investors including

December 27, 2025

News Desk

China hits US defense companies with sanctions over arms sales to Taiwan

The flags of the US and China are seen in this picture taken on March 20, 2025. — Reuters Sanctioned executives, including Anduril’s founder, have been barred from entering China. Targets include Northrop Grumman, L3Harris, Boeing’s defense arm. China calls Taiwan a “core interest”. The US reaffirms its defense support. China’s foreign ministry announced sanctions on Friday targeting 10 individuals and 20 US defense companies, including Boeing’s branch in St. Louis, for arms sales to Taiwan. A US State Department spokesman said the United States strongly opposed China’s move, which freezes all assets held by companies and individuals in China

December 27, 2025

News Desk

China sanctions US companies and executives over arms sales to Taiwan

The Trump administration approved a record $11 billion arms sale to Taiwan earlier this month Beijing urged Washington to abide by the one-China principle and the three jointly announced China-US, stop Taiwan’s dangerous arming moves and stop undermining peace and stability in the Taiwan Strait. PHOTO: FREEPIK China on Friday imposed “retaliatory measures” against US defense companies and officials after the Donald Trump administration approved a record arms sale to Taiwan. “In response to the latest US announcement of large arms sales to China’s Taiwan region, China has decided to take countermeasures under the Foreign Sanctions Act against 20 US

November 6, 2025

News Desk

Dubai sees record 53,838 new companies in 9 months. Pakistani companies are in second place

Screens displaying stock information are seen as investors look at the Dubai Financial Market, June 17, 2013. — Reuters DUBAI: Dubai continues to attract foreign investors at a record pace, with 53,838 new companies joining the Dubai Chamber of Commerce in the first nine months of 2025. Pakistani companies ranked second among non-UAE investors, with 4,281 new registrations, highlighting the emirate’s growing importance as a hub for trade, investment and regional business expansion, according to the report. The chamber reported that the total value of members’ exports and re-exports reached AED 260 billion, representing an increase of 16% compared to

October 24, 2025

News Desk

China’s state-owned oil companies “suspend” purchases of Russian oil due to sanctions

An aerial view shows tugboats helping a crude oil tanker dock at an oil terminal off Waidiao Island in Zhoushan, Zhejiang province, China, July 18, 2022. — Reuters US sanctions hit Moscow’s two biggest oil companies. India is ready to drastically reduce Russian oil imports. Russia faces falling demand from two biggest customers. SINGAPORE: Chinese state oil majors have suspended purchases of Russian offshore oil after the United States imposed sanctions on Rosneft and Lukoil, Moscow’s two biggest oil companies, multiple trade sources said on Thursday. The move comes as refiners in India, the biggest buyer of seaborne Russian oil,

October 23, 2025

News Desk

Trump steps up pressure on Putin, imposes sanctions on top Russian oil companies. EU bans LNG

A view shows a board with the logo of Russian oil producer Rosneft at the Saint Petersburg International Economic Forum (SPIEF) in Saint Petersburg, Russia, June 5, 2024. — Reuters First Ukraine-related sanctions on Russia in Trump’s 2nd term. Bessent calls on allies to join US sanctions against Russia. Trump hopes the sanctions won’t have to be in place for long. WASHINGTON/BRUSSELS: US President Donald Trump on Wednesday imposed Ukraine-related sanctions on Russia for the first time in his second term, targeting oil companies Lukoil and Rosneft, as his frustration with Russian President Vladimir Putin over the war. The move

September 22, 2025

News Desk

World Music Publishers blame top companies AI to take advantage of copyright -protected songs

The global music industry has raised serious concerns about the practices of top artificial intelligence companies, accusing them of breach of large -scale copyright. The International Confederation of Music Publishers (ICMP), which represents the rights of publishing music worldwide, recently published the findings of a two -year survey claiming that large AI companies train their models in songs and lyrics protected by copyright. Publishers argue that these companies use huge quantities of unauthorized material obtained from electronic platforms, effectively exploiting the work of artists for commercial profit. The ICMP claims that businesses such as Openai, Suno, Udio and Mistral harvest

September 13, 2025

News Desk

Chinese, Indian companies hit as we add 32 entities to exchange black list

The American and Chinese flags are photographed at the negotiating table during a bilateral meeting between the United States and China, in Geneva, Switzerland, on May 10, 2025. -reuters The United States has set 32 ​​companies and organizations on Friday – including businesses in India, Iran, Turkey and the United Arab Emirates – in its commercial black list, according to a US government announcement. The move punishes two Chinese companies accused of acquiring US chipmaking equipment for China’s leading semiconductor manufacturer Smic. GMC (Wuxi) Co and Jicun Semiconductor Technology Technology Technology Technology was placed on the list, which is typically

September 2, 2025

News Desk

Saudi Arabia, Iraqi companies stop slow sales in the Indian refinery, sources say

Nayara’s logo appears at the fuel station on the outskirts of Ahmedabad, India, November 16th 2022. – Reuters Nayara loses 3m barrels Monthly offer by bay exporters. Sanctions raise payment issues for Iraqi crude oil markets. The Nayara refinery operates with a capacity of 70-80% amid sanctions. The Saudi oil company of Saudi Arabo and Iraq, Somo, stopped selling crude oil in India’s energy Nayara after sanctions imposed in July by the European Union for the refinery supported by Russia, reported three sources. The interruption of the offer by the two Gulf exporters means that Nayara, which belongs to the

July 21, 2025

News Desk

Two companies get 56% interest in Pearl Continental Hotels for over RS12BN

An exterior view of the PC Hotel building in Karachi. – PC Hotels website/file Dawood Jan Muhammad acquires 9,107,800 for over Rs6.3bn. AKD Holding gets 9,089,651 shares of Pakistan Services Limited. PSL shares acquired by two entities at RS700 per share. Karachi: In a move that seems to be synchronized, two companies have acquired about 56% share of the company holding and managing the Pearl Continental Hotels chain, causing speculations for possible acquisition, The news reported on Monday. According to information submitted to the Pakistan Stock Exchange, according to 2015’s title law, Dawood Jan Muhammad bought 28% shares of Pakistan

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