France fines Microsoft 60 million euros over advertising cookies
FRANCE’S privacy watchdog said (Dec 22) it has fined US tech giant Microsoft 60 million euros (S$86 million) for foisting advertising cookies on users. In the largest fine imposed in 2022, the National Commission for Technology and Freedoms (CNIL) said Microsoft’s search engine Bing had not set up a system allowing users to refuse cookies…
Adil Aziz
FTO nominates Ahsan Bakhtawari as Honorary Business Coordinator
Ahsan Zafar Bakhtawari, President Islamabad Chamber of Commerce and Industry (ICCI) has been nominated as the Honorary Business Coordinator by the Federal Tax Ombudsman Secretariat, Islamabad to work in coordination with FTO for addressing the grievances of taxpayers and facilitate them in tax matters. Dr Asif Mahmood Jah, Federal Tax Ombudsman presented the letter of…
Ismail Industries Extends Relationship with SAP for Digital Transformation
Ismail Industries Limited, one of the major Pakistani confectionery and snack food manufacturers, has signed up a road map contract with SAP for the digitization of business functions across all its operations. SAP has successfully provided a holistic solution to one of the largest manufacturers in Pakistan to improve its core system and move to…
Egyptian envoy for easier measures to import halal meat, rice from Pakistan
Ambassador of the Arab Republic of Egypt Tarek Mohamed Dahroug called on Federal Minister for Commerce Syed Naveed Qamar and expressed desire to enhance the export of rice and halal meat from Pakistan. The Ambassador specifically requested that the Pakistani government take measures to make it easier for Egyptian importers to purchase Pakistani Halal meat…
Motor Car imports witness sharp decline
The imports of motor cars, both Completely Built Up (CBU) as well as Semi-Knocked Down (SKD) or Completely Knocked Down (CKD), witnessed a sharp decline of 81.79 percent and 31.43 percent respectively during the first five months of the current fiscal year compared to last year. The imports of CKD/SKD were recorded at $455.780 million…
Ishaq Dar meets Pakistan software houses association for IT & ITES
Federal Minister for Finance and Revenue Senator Mohammad Ishaq Dar chaired a meeting with a delegation of the Pakistan Software Houses Association for IT & ITES. SAPM on Finance Tariq Bajwa, SAPM on Revenue Tariq Pasha, Khurram Rahat Vice Chairman ‘P@SHA’, Syed Ahmed exchairman P@sha, Mohsin Ali, CEO Inbox and senior officers from the finance division attended…
Pakistan earns $854 million from IT services’ export in 4 months
Pakistan earned US$ 854.100 million by providing different Information Technology (IT) services to various countries during the first four months of the current fiscal year 2022-23. This shows a growth of 2.92 percent as compared to US$ 829.890 million earned through the provision of services during the corresponding months of the fiscal year 2021-22. During…
Ishaq Dar lauds UAE support for Pakistan’s economy, terms it major ‘economic partner’
Federal Minister for Finance and Revenue Senator Mohammad Ishaq Dar said that the United Arab Emirates (UAE) was one of the major economic partners of Pakistan. “Pakistan attaches great value to brotherly relations with the UAE,” the minister added. These views were expressed by the minister while meeting with a delegation of Etisalat International led…
Crypto assets can generate over $100 billion in Pakistan by the next 20 years
The potential of crypto assets in Pakistan can generate over $100 billion in total income for technology talent over the next twenty years, contributing significantly to the national economy. The last few months have exponentially increased societal, investor, and policy interest in crypto, blockchain, and Web 3.0 technologies because Pakistan ranks third in terms of…
Travel for Indonesia to be eased: Indonesian Envoy
Ambassador of Indonesia to Pakistan Adam M. Tugio has said that Indonesia is now open for international visitors and the normal visa-issuing process for different purposes has been resumed. The Ambassador stated this while addressing a gathering of visa dropbox travel agents in Haripur organized by the Indonesian Embassy to brief on the post-pandemic new…