Unilever sells Ben & Jerry’s ice cream business in Israel to a local licensee for an undisclosed sum. The deal aims to smooth over a potentially damaging diplomatic row over the company’s political stance. Last year, Unilever announced it would stop marketing products in the Israeli-occupied Palestinian territories. Unilever (ULVR.L) on Wednesday sold its Ben … Read more
China has accused the United States of “suppressing” Chinese companies and threatened retaliation after US President Joe Biden expanded the list of blacklisted companies to prevent Americans from investing in Chinese companies. According to the report, Joe Biden extended the list to 59 Chinese companies two days ago, which are out of the reach of … Read more
On Friday, the Lahore High Court (LHC) announced the reserved verdict on President of Pakistan Muslim League-Nawaz (PML-N) Shahbaz Sharif’s plea seeking exclusion of his name from the blacklist. According to the details, the Lahore High Court has conditionally allowed Shahbaz Sharif to fly abroad. As per the orders of the court, PML-N President Shahbaz … Read more
Foreign Minister Shah Mehmood Qureshi has said that India is trying its best to push Pakistan into the blacklist while we have been trying our best to remove Pakistan from the gray list and add it to the white list. Foreign Minister Shah Mehmood Qureshi while giving a policy statement in the Senate session said … Read more
Pakistan rejects the U.S. State Department’s unilateral and arbitrary designation under the religious freedom report announced on last Friday. In a statement today, the Foreign Office Spokesperson said this pronouncement is not only detached from ground realities of Pakistan but also raises questions about the credibility and transparency of the entire exercise. She said the … Read more
Special Assistant to Prime Minister on Information and Broadcasting Dr. Firdous Ashiq Awan says admiration of the steps taken by incumbent government to counter money laundering and terrorism by the Financial Action Task Force is acknowledgement of our sincere efforts. In a series of tweets, she said Pakistan is determined to take more steps in … Read more
The meeting of Financial Action Task Force (FATF) is underway in Paris where Pakistan will submit its compliance report. Pakistan economic affairs minister Hammad will present the compliance report which suggest the Pakistan’s efforts to tackle terror-financing and money laundering. Officials of Securities & Exchange Commission of Pakistan (SECP), National Counter Terrorism Authority (NECTA), State … Read more
The United States is adding eight Chinese technology companies to its trading blacklist, barring some major producers of surveillance equipment from working with American companies. The Commerce Department on Monday said it was adding 28 entities to the list that have been implicated in human rights violations and abuses in the implementation of China’s campaign … Read more
Foreign Minister Shah Mehmood Qureshi here on Monday said that India was trying to blacklist Pakistan in Financial Action Task Force (FATF). Talking to journalists, FM Qureshi said that Pakistan has mad sincere efforts to fulfill the requirements of FATF and hopped that the body will acknowledge the steps taken by Islamabad to improve counter … Read more
