McDonald’s Fires CEO Steve Easterbrook Over Relationship With Employee
McDonald’s Corp. fired Chief Executive Officer Steve Easterbrook because he had a consensual relationship with an employee against company policy, losing the strategist who had pushed the world’s largest restaurant chain into delivery and online ordering. The burger company’s board voted Friday to terminate Easterbrook, 52, after investigating the relationship, according to a statement Sunday. McDonald’s policy doesn’t allow the CEO to have a relationship with … Continue reading McDonald’s Fires CEO Steve Easterbrook Over Relationship With Employee
Amazon will pay $0 in taxes on $11,200,000,000 in profit for 2018
While some people have received some surprise tax bills when filing their returns, corporations continue to avoid paying tax — thanks to a cocktail of tax credits, loopholes, and exemptions. According to a report from the Institute on Taxation and Economic Policy (ITEP), Amazon (AMZN) will pay nothing in federal income taxes for the second year in a row. Thanks to the new Tax Cuts … Continue reading Amazon will pay $0 in taxes on $11,200,000,000 in profit for 2018
SBP Launches National Payment Systems Strategy during Visit of World Bank’s President
Dr. Reza Baqir, Governor, State Bank of Pakistan launched the National Payment Systems Strategy (NPSS) in an event held today at its headquarters in Karachi. President of the World Bank, Mr. David Robert Malpass was the Chief Guest at the event that was attended by key stakeholders including regulators, government entities, banks, telcos, Electronic Money Institutions (EMIs), Payment System Operators (PSOs) and Payment Service Providers … Continue reading SBP Launches National Payment Systems Strategy during Visit of World Bank’s President
Ministry of Energy has reinforced FBR position
Manipur declares independence from India 🇮🇳
The dissident political leaders from the Indian state of Manipur have declared independence from India and forming a government-in-exile in Britain. Addressing a press conference in London, representatives of Manipur’s King Leishemba Sanajaoba also announced formation of Manipur State Council. The Chief Minister Yamben Biren and Minister of External Affairs and Defence Narengbam Samarjit of the Manipur State Council said we believe that now is … Continue reading Manipur declares independence from India 🇮🇳
Ease of doing business in Pakistan ranks up 28 places!
Biggest leap ever in ease of doing business ranking of 28 points & that too within just a year of correct economic policies. Pakistan is on the upswing & open for business .. a true treat for any investor! Ease of Doing Business Ranking & GDP Growth, 2010 EODB: Pakistan 85, China 89, Bangladesh 119, India 133 GDP Growth: Pak 1.6%, China 10.6%, Bng, 5.6%, … Continue reading Ease of doing business in Pakistan ranks up 28 places!
Flat tariff at Rs11.97 to the domestic and commercial consumers- Power Division
New tariff will not only give relief to masses but help government get out of capacity payment trap. In a welcoming development, the government is all set to introduce flat tariff regime for electricity consumers having ToD (Time and Day) meters at Rs11.97 per unit for four months of winter reason. It will not only give a substantial relief to masses but also help the … Continue reading Flat tariff at Rs11.97 to the domestic and commercial consumers- Power Division
No unauthorised communications allowed with FBR staff
FBR will very soon issue very strict instructions to all officers, employees and staff of all formations of FBR not to interact with businessmen through personal visits, telephone calls, cell phone messages or emails. Automated / authorised system will be only manner to interact. From November 1, 2019 strict enforcement will be made against unauthorised interaction between FBR staff and business community. Business community is … Continue reading No unauthorised communications allowed with FBR staff
SSGC has launched crackdown on hefty defaulting government owned entities.Â
In Karachi, the Company disconnected gas supplies of Abbasi Shaheed Hospital, Sindh Government Hospital North Nazimabad, Trauma Centre of Ruth Pfau Civil Hospital and other defaulting entities. SSGC’s Spokesperson informed that Abbasi Shaheed Hospital was continuously defaulting its current as well as past gas bills and the previous arrears had reached to significant level. On the last disconnection by SSGC, , the managements of Karachi … Continue reading SSGC has launched crackdown on hefty defaulting government owned entities.Â
Forex reserve increase.
The country’s total liquid foreign exchange reserves slightly moved up by $ 44 million to $ 15.186 billion by the end of last week. During the week under review, the State Bank of Pakistan’s reserves increased by $ 79 million to $ 7.893 billion as on October 18, 2019 compared to $ 7.813 billion a week earlier. Reserves held by banks declined by $ 35 … Continue reading Forex reserve increase.
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