Everyday happening in Pakistan and around
A coalition of US high-tech industry groups is urging President Joe Biden to take a stand against Canada’s approach to digital services. They argue that Ottawa’s proposed digital services tax unfairly targets US companies and is incompatible with international efforts to establish a global standard. The group also complains about two federal bills: the Online […]
Waymo has released a safety case for the use of autonomous vehicles (AVs) on public roads without human drivers. As well as providing guidelines for how Waymo ensures self-driving vehicles are safe to deploy, the case includes evidence to support the company’s claims, such as data from vehicles during test drives. Waymo, owned by Google parent Alphabet, released […]
The Philippines’ business process outsourcing (BPO) industry, which provides support services to global companies, exceeded revenue and hiring targets last year and is expecting more growth in 2023. The sector earned $32.5bn, up 10.3% YoY, and employed 1.57 million people, up 8.4%, according to the IT and Business Process Association of the Philippines (IBPAP). Healthcare, […]
The European Union is seeking to secure its supply lines of critical raw materials, including lithium and rare earths, amidst concerns over its dependence on China. Lithium is classified by the EU as a “critical raw material” necessary for the transition to cleaner energy, as it is a key component of rechargeable batteries for electric […]
On the last night of its existence, Silicon Valley Bank was hosting VC Bill Reichert of Pegasus Tech Ventures, who was giving a presentation on “How to Pitch Your WOW! to Investors” to about 45 or 50 people. Mike McEvoy, the CEO of OmniLayers, recounted the scene for me. “It was eerie over there,” he […]
Pakistan’s sugar industry has experienced a revolution in the past two decades. Prices of refined sugar have dropped drastically, while wages have outpaced sugar prices, resulting in higher affordability of consumer goods. This has been made possible thanks to policy decisions driven by political incentives. Despite the industry’s faults, it has achieved efficiency and productivity […]
ISLAMABAD: The tax authorities have left a lacuna in a statutory book, which will prove injurious to the health of foreign tobacco brands and also hurt government revenues due to a disproportionate increase in the minimum sale price of cigarettes and federal excise duty (FED) rates. Through the mini-budget, the government has rightly increased the […]
