The Senate is scheduled to vote on a scaled-down version of legislation to offer more than $50 billion in subsidies for the computer chip sector. The bill would provide tax benefits to firms building plants in the country and $52 billion to revive the U.S. semiconductor industry. Reuters, July 19, Washington The U.S. Senate was … Read more
Executives at this year’s Farnborough Airshow are concerned about shortages. Hiring mechanics has become more difficult since the global financial crisis. Montreal’s ÉNA aerospace centre is down 20% from 2019 levels. As COVID-19 devastated aviation, Christophe Gagnon, a 21-year-old student of avionics, gave thought to dropping out of school. However, he persisted, and today the … Read more
ISLAMABAD: Federal Minister for Finance and Revenue Miftah Ismail on Tuesday assured real estate stakeholders that their proposal about capital gains tax would be considered by the government. The minister was meeting a delegation of DHA Estate Agents Association headed by Chief Patron Mian Irfan. The minister assured the delegation to consider the relief in … Read more
KARACHI: The textile sector is set to announce second quarter of FY22 ended December 31, 2021 result and we foresee improvement in the earnings, amid strong order book, low cost inventory and currency depreciation. We expect the margins to expand as the companies were able to increase the prices in the international market. The textile … Read more
ISLAMABAD: The Asian Development Bank (ADB) on Friday approved a $300 million policy-based loan to support financial, technical, and governance reforms to strengthen Pakistan’s energy sector and improve its financial sustainability. The financing is part of the second sub-programme of the ADB’s Energy Sector Reforms and Financial Sustainability Programme, which aims at improving the governance … Read more
KARACHI: Pakistan Stock Exchange (PSX) has listed a second company on its Growth Enterprise Market (GEM) Board within 10 days, while a significant number of offerings are in line, bourse’s top official said, as Universal Network Systems Limited (UNS) commenced trading on Monday. “This listing comes in quick succession to the first listing on the … Read more
CAIRO: The Egyptian banking sector has pumped EGP 2.8 trillion ($178 billion) in the Egyptian economy this year, Head of Egypt’s Banque Misr said in an interview with Al-Arabiya. Mohamed El-Etreby said that the Federation of Egyptian Banks (FEB), headed by Mohamed El-Etreby, has contributed EGP 500 million ($31.824 million) towards Egypt’s purchase of vaccines for … Read more
ISLAMABAD: The government’s Kamyab Pakistan Programme aims at uplifting the 4.5 million underprivileged households who are registered with the National Socio-Economic Registry (NSER) of the Ehsaas programme, a senior government official said. Chairing a meeting of the Steering Committee and the Advisory Board of the Kamyab Pakistan Programme through a video-link, Federal Minister for Finance … Read more
