Articles for tag: 20day, companies, Conflict, directs, IranIsrael, maintain, midst, ogra, OGRA directs petroleum companies to maintain 20-day stocks in the midst of Iran-Israel conflict, Petroleum, stocks

Three cement companies participate in MSCI FRONTIER INDEX

Listen to the article Karachi: Morgan Stanley Capital International (MSCI) has included three Pakistani companies in the Frontier Market (FM) index and four more on the FM Small Cap index as part of the May 2025 review. MSCI, prominent worldwide investment decision support tools, has announced the results of the May 2025 ratio, bringing significant changes to Pakistan’s listed companies to both MSCI Frontier Markets Standard and Small Cap. Changes, effective after the end of the negotiation on May 30, 2025, highlight the increased representation of Pakistan in the global investment landscape, especially in the cement sector. According to Arif

April 22, 2025

Japanese companies invest in FPT’s NVIDIA Data Center in Vietnam, what is the weather today

Listen to the article Sumitomo Corp. And SBI Holdings, two major Japanese companies, announced their decision to make a 20% bet each to the FPT Smart Cloud Japan, a subsidiary of the leading Vietnam Company, FPT Group. The use of NVIDIA’s NVIDIA solutions at FPT Smart Cloud Japan highlights the importance of cutting -edge technology to satisfy the increasing requirements of AI industries that drives such as health care, education and construction. The investment, which will close in May 2025, aims to support the growing demand for artificial intelligence applications (AI) in the region. The FPT Smart Cloud Japan was

April 15, 2025

Silicon Six technology companies are accused of avoiding $ 278 billion in US taxes for decade

Amazon, Meta, Alphabet, Netflix, Apple and Microsoft – collectively called “Silicon Six” – are accused of avoiding almost $ 278 billion (£ 211 billion) in the US Corporate Income Tax in the last decade, according to a new Fair Tax Foundation (FTF). The six technology giants reportedly paid an average income tax rate of 18.8% in the last 10 years, significantly lower than the legal interest rate of 29.7% for US companies earning equivalent profits. According to FTF, these companies earned the $ 11TN and $ 2.5TN revenue during the period under consideration. The FTF report, first published by The

January 24, 2025

Pakistani companies face growing network security threats

Listen to the article Lahore: In 2024, network protection incidents emerged as the most common cyber security challenge for Pakistani businesses, according to the latest Kaspersky It Security financial report. The report revealed that 71% of companies faced efforts to penetrate their networks, while 49% reported incidents involving malicious execution of code or opponents trying to take control of compromised systems. Large companies, despite having advanced security measures, have presented the highest rate of network security incidents. Small and medium -sized enterprises (MBMs) were also significantly affected, with many incidents coming from workers’ actions, either deliberately or by accident. Network

January 16, 2025

Chinese companies TikTok, Shein, Xiaomi face claims of breaching EU data law

Listen to the article Austrian privacy group Noyb has filed a formal complaint against several Chinese tech giants, including TikTok’s parent company ByteDance, Xiaomi and Shein, accusing them of violating European Union (EU) data protection regulations by illegally transferring personal data of European users in China. This marks Noyb’s first legal action targeting Chinese companies, having previously taken successful action against major US companies such as Apple, Meta and Alphabet. The group is now pushing for a suspension of data transfers to China, alongside fines that could amount to up to 4% of each company’s global revenue. The complaint concerns

January 2, 2025

China sanctions US companies over arms sales to Taiwan

Soldiers drive M60 tanks down a road as part of a military exercise in Taichung, Taiwan. — Reuters/File BEIJING: China imposed sanctions on 10 US defense companies on Thursday over arms sales to Taiwan, the second round of measures against US companies over the issue in less than a week. Subsidiaries of Lockheed Martin, General Dynamics and Raytheon “involved in arms sales to Taiwan” have been added to China’s “Untrustworthy Entity List,” the country’s commerce ministry announced Thursday. Import and export activities or making new investments in China will be banned, and their senior officials will be banned from entering

December 28, 2024

Overcharging by power companies is unacceptable at any cost, Chief Minister Shehbaz warns

Chief Minister Shehbaz Sharif chairs a review meeting on the performance of Electricity Distribution Companies (Discos) on December 28, 2024. — APP Strict action to be taken against officer involved in overcharging: PM Premier says all resources should be used to achieve Nepra’s goals. He expresses concern over the delay in the appointment of CEOs in Discos. Islamabad: Prime Minister Shehbaz Sharif on Saturday said overcharging by electricity distribution companies was unacceptable and strict action would be taken against officers involved in such practices. The Chief Minister made the remarks while presiding over a review meeting on the performance of

December 14, 2024

CM Maryam woos Chinese companies to invest in Punjab

Punjab Chief Minister Maryam Nawaz (centre) is pictured with the participants of the Punjab-China Round Table Conference on December 14, 2024 in Guangzhou, China. — Provided LAHORE: On the 6th day of her 8-day visit to China, Chief Minister Punjab Maryam Nawaz Sharif invited Chinese technology companies to start operations in Punjab while presiding over an investment roundtable conference in Guangzhou. Responding to her invitation, Chinese technology companies expressed strong interest in investing in Punjab as she pledged to facilitate them through a one-stop shop. During the conference attended by executives from more than 60 prominent companies from China and

December 12, 2024