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Nippon Steel Foresees 43% Drop In Fy 2025 Profits Due To Tariff Troubles
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On Friday, Nippon Steel Corporation announced that they anticipate their net profit for the fiscal year 2025 will decrease by 42.9% to reach ¥200 billion ($1.38 billion). This outlook stems from increasing uncertainties surrounding the tariffs introduced by the United States. The Japanese steel company, struggling with its plans to purchase U.S. Steel Corp.,…
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Haroon Akhtar: Leading The Charge On Karachi’S Industrial Renaissance
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An important virtual gathering occurred between Haroon Akhtar Khan, who serves as the Special Assistant to the Prime Minister, and representatives from the Karachi Chamber of Commerce and Industry (KCCI). The purpose of the meeting was to tackle various critical concerns related to Karachi’s industrial sector, such as electricity availability, water distribution, increasing gas…
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Fcci Head Urges Meeting With Commerce Minister
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The President of the Faisalabad Chamber of Commerce and Industry (FCCI), Rehan Naseem Bharara, met with Federal Minister for Commerce Jam Kamal Khan on Thursday to address critical challenges facing businesses and identify opportunities for improving trade processes. During their discussion, Bharara emphasized the necessity of extensive changes within the Federal Board of Revenue…
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Tax Officials Seal Electronics Store Over Point-Of-Sale Violation
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While conducting a continuous operation aimed at enforcing Point-of-Sale (PoS) compliance, the Regional Tax Office-1 sealed an electronic goods shop located on Abdullah Haroon Road in Karachi on Thursday. According to officials, this decision came after discovering that the sales receipts generated by the establishment had not been synchronized with FBR’s PoS billing framework.…
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Sindh Cracks Down On Restaurants Evading Taxes By Refusing Card Payments
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The Sindh government has resolved to implement stringent measures against eateries, shopping centers, cafes, and biryani outlets that decline to accept debit/credit card transactions from customers. To enforce this, the Sindh Consumer Protection Authority within the Bureau of Supply Prices has initiated actions by serving warnings to notable restaurants in Clifton such as Karachi…
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Iba-Salu Hosts Pelatihan: Boosting Entrepreneurship And Business Management Skills
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On Thursday, the Institute of Business Administration (IBA) at Shah Abdul Latif University (SALU) in Khairpur hosted a seminar titled ‘Entrepreneurship and Business Management.’ During this event, Aamir Ali Khan Ghouri, who serves as the Executive Director of the Ghouri Group of Companies, recounted his path as an entrepreneur and provided insights into real-world…
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Finance Minister Supports Fabag’S Call For Broad Price Cuts
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The Food and Beverage Association of Ghana (FABAG) has reported that the costs of major products in their industry are starting to drop, with expectations for additional decreases over the next few weeks. At a stakeholders meeting alongside the Finance Minister, John Awuni, who serves as the Executive Secretary of FABAG, verified that the…
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Customs Unveils Digital Revolution: Form M Integration Into B’Odoggwu Trade Portal Sets New Standards (International Edition)
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Mkpoikana Udoma Port Harcourt — The Nigeria Customs Service (NCS) has initiated a pilot acara for handling Form M using their internally developed B’Odoggwu Unified Customs Management System, signaling an important step forward in digitizing Nigeria’s trade facilitation processes. The move is seen as a major stride toward streamlining customs documentation, boosting efficiency, and…
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Luxury Brands In China Cut Discounts To Restore Value
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Balenciaga, Versace, Valentino, and their contemporaries are shifting strategies to highlight exclusivity and draw steady expenditures from affluent customers. Several high-end brands are reducing deep discounts in China with the aim of restoring their exclusive image to attract affluent customers whose purchasing power remains less affected by economic downturns. None of the items offered…
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Morocco’S Casablanca Stock Exchange Set To Launch Derivatives Market For Enhanced Liquidity
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The Casablanca Stock Exchange (CSE) in Morocco plans to introduce a new derivatives market over the next few weeks, according to its CEO, as an initiative to increase liquidity. Reuters . Tarik Senhaji, who leads CSE, mentioned that this step intends to expand the range of investors involved by permitting stakeholders to adopt both…