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Articles for tag: business, entities, Increased, Latest, losses, net, stateowned, year

January 10, 2026

News Desk

Net losses of state-owned entities increased by 300% in one year

Charging higher taxes on non-filers has become a source of easy revenue generation, rather than broadening the tax base. photo: file Islamabad: The financial health of state-owned enterprises (SOEs) deteriorated further in the first full fiscal year of Prime Minister Shehbaz Sharif’s government, as their net losses rose 300 percent and these companies received an annual fiscal support of Rs2.1 trillion, according to results announced by the Finance Ministry on Friday. The combined revenue of SOEs also fell by Rs 1.4 trillion to Rs 12.4 trillion in the 2024-25 financial year, which ended in June last year. According to the

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

March 26, 2025

News Desk

US add dozens of Chinese entities to the export limit list

A ship stacked with transport containers is discharged to a pier in Port Newark, New Jersey, November 19th 2021 – Reuters Units Inspection between 80 entities included in the export prohibition list. 50 units based in China, Rest is in Pakistan, UAE, Taiwan, etc. Beijing is consistently opposed to politicization, the Weasdionisation of Tech. Washington: The United States has added six subsidiaries of the Inspur team, China’s leading cloud computing and the large data service provider and dozens of other Chinese entities in the export limit list. The Inspur units were listed for the contribution to the development of supercomputers

January 12, 2025

News Desk

The government will “resize” 16 food entities

Listen to the article Islamabad: The government has decided to legitimize 16 entities of the Ministry of Food and National Security by abolishing, merging and transferring them to provinces under the federal government’s entitlement policy. Food ministry officials told The Express Tribune that the government has decided to close down seven entities and merge or downsize nine entities of the food ministry to reduce significant workload. The scale of the Ministry of Food will be reduced by 30% in proportion to the existing pyramid and the staff-to-officer ratio will be reduced to 2.5 times from the current three times. The

December 31, 2024

News Desk

The US sanctions entities in Iran and Russia over election interference

A general view of the White House in Washington, U.S., October 2, 2021. — Reuters/ File Moscow-based GCE released disinformation about candidates: US. The Cognitive Design Production Center has programmed influencing functions. The US should remain vigilant against adversaries who undermine democracy. WASHINGTON: The United States (US) on Tuesday imposed sanctions on entities in Iran and Russia, accusing them of trying to interfere in the US election this year. The US Treasury Department said in a statement that the entities – an affiliate of Iran’s Revolutionary Guard Corps and an organization linked to Russia’s military intelligence service – aimed “to

May 10, 2024

News Desk

China strongly opposes the US adding Chinese entities to the export control list

BEIJING: China strongly opposes the US Commerce Department’s decision to add 37 Chinese entities to its export control “entity list,” a Commerce Department spokesman said Friday. The spokesman added that China noted the latest action by the United States, which was based on the so-called excuses of military and Russian involvement. For a long time, the United States has generalized the concept of national security, abused export control measures, and often imposed sanctions and suppressed businesses from other countries. Such actions have seriously harmed the legitimate rights and interests of these businesses, undermined the stability of the global supply chain

February 3, 2024

News Desk

SIFC approves split of PIA into two entities, days before polls

A Pakistan International Airlines (PIA) passenger plane arrives at Benazir International Airport in Islamabad, Pakistan, December 2, 2015. — Reuters Outstanding liabilities Rs 830b to be placed in a holding company. The Cabinet will approve the transaction model for the sale of PIA’s core operation. Bilaterally approved without a valuation statement from a financial advisor. ISLAMABAD: With just days to go for the general elections, the Special Investment Facilitation Council (SIFC) — overseen by the caretaker government — has given the go-ahead to bifurcate Pakistan International Airlines (PIA) into two entities. The news reported on Saturday. Meanwhile, the national airline’s

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