EU Hits Apple with €500M Fine and Meta with €200M Over Legal Violations
On Wednesday, April 23, the European Union antitrust regulators issued their first sanctions under groundbreaking legislation designed to rein in the influence of Big Tech. Apple was fined a significant 500 million euros (S$747.6 million), while Meta faced a penalty of 200 million euros.
Mehfooz
Tetra Pak demonstrates packaging circularity at Euro Village 2024
Tetra Pak showcased its commitment to packaging circularity at Euro Village 2024, hosted by the European Union in Islamabad. The event provided an excellent platform for Tetra Pak to demonstrate its ongoing efforts towards creating a sustainable future.
Adil Aziz
Pakistan and Turkiye business community wanted to increases the volume of bilteral trade
Consul General of Turkiye Cemal Sangu has said although Turkiye and Pakistan have been cooperating in many fields of trade and economy but the existing trade volume was very low which requires very hard work from the business communities of both countries.
Business community take advantage of GSP+ by diversifying exports
Ambassador of European Union (EU) to Pakistan, Dr. Riina Kionka, advised business community of Karachi to broaden and diversify their exports to EU for taking maximum advantage of EU’s GSP Plus scheme for Pakistan which has recently been rolled over for four more years up to 2027.
FPCCI welcomes extension of GSP Plus by 4 years
Mr. Irfan Iqbal Sheikh, President FPCCI, has welcomed the extension of Pakistan’s GSP Plus status by EU for a period of 4 years as it will now be valid till 2027. Nonetheless, the catch lies in fully capitalizing on its preferential treatment provisions to enhance exports to EU and creating jobs for the countrymen.
Mr. Saleem Khan Tanoli congratulated the Government of Pakistan on renewal of GSP Plus
Mr. Saleem Khan Tanoli, Vice President – Asia Advertisement Association (AAA) and Former Sr. Vice President – German Pakistan Chamber of Commerce & Industry (GPCCI) congratulated the Government of Pakistan following the announcement that the European Union (EU) had officially extended Pakistan’s Generalized Scheme of Preferences Plus (GSP Plus) status for an additional four years, ensuring its continuation until 2027.
Editor
Mobilink Bank and VBF team up to drive financial literacy for women
Mobilink Bank, in collaboration with Vision-Building Future (VBF) and Shirakat Partnership for Development, was actively engaged in the European Union (EU) initiative, “Power to Youth.” This strategic endeavour, funded by the EU, was dedicated to providing financial literacy training to more than 100 young individuals, especially women. The “Power to Youth” program’s core objective is…
European Union to set out legal underpinnings for a digital euro
THE European Union (EU) is due on Wednesday (Jun 28) to publish draft rules that give legal underpinnings for a digital euro, if the European Central Bank (ECB) decided to issue one in coming years. Central banks across the world, from China and Japan to Brazil, Britain and Canada are looking into digital versions of…
Hina Rabani Khar and EU Commissioner discuss matters of flood rehabilitation, food security, energy, trade & GSP+ Scheme
As part of her ongoing visit to Belgium, Minister of State for Foreign Affairs Hina Rabbani Khar has held extensive meetings with two European Union Commissioners in Brussels. The Minister of State called on the European Commissioner for Crisis Management Janez Lenarcic to follow up on discussions pertaining to EU’s flood relief activities in Pakistan….
Pakistan, EU agree to strengthen economic ties
Pakistan and the European Union (EU) have agreed to continue engaging in high-level discussions and work towards concrete actions to strengthen the economic ties, promote investment opportunities, and enhance bilateral trade. The understanding to this effect was reached during a meeting between Ambassador of the European Union to Pakistan Dr Riina Kionka and Minister for…
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