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China temporarily waives taxes to get foreign firms to stay

China temporarily waives taxes to get foreign firms to stay

  BEIJING:China will temporarily waive income taxes for foreign companies on profits they reinvest in the country as Beijing battles to retain foreign firms and investment. The finance ministry announced Thursday the new tax policy, which will apply retroactively from January so businesses will be able to take advantage of the exemption for this year’s taxes. The […]

Pakistan gets access to high-quality solar energy maps

Pakistan gets access to high-quality solar energy maps

ISLAMABAD:  The World Bank, in partnership with the Alternative Energy Development Board (AEDB), on Tuesday launched a series of new solar maps for Pakistan in support of efforts to increase the deployment of renewable energy in the country. This will help in expanding access to sustainable and affordable sources of indigenous energy in the country. […]

‘No ban yet’ – Punjab Govt gives Uber, Careem 15 days to get registered

‘No ban yet’ – Punjab Govt gives Uber, Careem 15 days to get registered

LAHORE: Chief Minister Punjab Shehbaz Sharif has allowed mobile-application taxi service providers Careem and Uber, 15 days to get registered. The companies will continue to operate their services in the meantime, a spokesperson from the Punjab Government clarified. There is no ban on these services in the province. The companies will just need to follow […]