Samsung partners with Jazz
News Desk
KARACHI: Samsung has engaged Jazz-Mobilink – Jazz as its operating-partner to introduce Samsung ‘Knox’ in Pakistan, a statement said on Tuesday.
‘Knox’ is a defence-grade security platform, and mobile-device management system, which is built into Samsung’s latest products, to protect confidential data and sensitive applications, it said.
Samsung’s award-winning enterprise solutions empower you to secure, manage and customise your business's mobile devices. Knox solutions allow businesses of any size to deploy Samsung mobile devices to meet their business needs, it added.
So the smart-device users can now build on the Knox platform, with extra security, management policies, and advanced device-customisation.
Pakistan Coating Show in January
News Desk
KARACHI: A three-day “Pakistan Coating Show” will be organised at the Lahore Expo Centre from January 19-21, a statement said on Tuesday. In this regard, a networking event was organised to promote the upcoming event, it added.
The annual “Pakistan Coating Show” is a series of mega events held in the country to showcase a large variety of products, new technologies and innovations being nurtured for the coatings industry that produces paints, coatings, inks, adhesives and sealants, it added.
This is an exclusive initiative taken by the B2B Media Pvt Ltd.
Manufacturers, formulators, suppliers, distributors, traders, stockists, dealers, process engineers and quality managers, dealing in paints, resins and solvents for the packaging, printing, fabrication and chemical industries, participate enthusiastically on this vibrant platform.
A large number of buyers and entrepreneurs from Pakistan and abroad also attend the show, the statement added.
BD economy to grow 7.5 percent
DHAKA: Bangladesh´s economy will grow as much as 7.50 percent in the 2016/17 financial year that ends in June, the planning minister said on Tuesday, slightly faster than the initial target.
"We are hopeful of achieving this growth, beating the initial projection of 7.25 percent," the minister, Mustafa Kamal told a news conference.
Growth in the South Asian nation sped up to 7.11 percent in the 2015/16 financial year, from 6.5 percent the previous year when political unrest crippled the economy.
Garment exports and remittances from Bangladeshis working overseas are the key drivers of the nation´s more than $200 billion economy.
CNG prices deregulation lauded
By our correspondent
KARACHI: The All Pakistan CNG Association (APCNGA) has lauded the decision of the government to deregulate prices of compressed natural gas (CNG) countrywide, terming it a great step, which will revive the Rs450 billion industry, a statement said on Tuesday.
The government had recently approved the deregulation of CNG prices for Sindh and Khyber-Pakhtunkhwa on the pattern of Punjab through the reenactment of an amendment of the Oil and Gas Regulatory Authority (Ogra) law, under which the regulator is required to notify CNG prices.
“It has ended the role of Ogra in determining prices, leaving pricing issue to the market forces following the suit of Punjab where the prices had already been deregulated,” Ghiyas Abdullah Paracha, central chairman of APCNGA, said. He said the decision would pave the way for a healthy competition among the owners of CNG filling stations, which would benefit consumers and bring significant investment in the ailing sector.
Thal Ltd offloads 25pc stakes in MHCCP
By our correspondent
KARACHI: Thal Limited has offloaded its 25 percent holding in Metro Habib Cash & Carry Pakistan Ltd (MHCCP) by exercising their right (put option) for Rs2.12 billion, a bourse filing said on Tuesday.
Thal Limited received Rs2.12 billion, ie, Rs26/share as consideration for exercising its put option in MHCCP. Thal owned 201.529 million shares in the chain of mega stores.
"The carrying value of Thal’s holding was Rs284 million on a standalone basis, resulting in a gain of Rs1.8 billion, said Mubasshir Anis at Elixir Securities on Tuesday.
“While on a consolidated basis, the entire amount would be booked as a gain, as MHCCP was written off from the consolidated books on account of recurring losses.”
The company had a 25 percent stake in MHCCP and its primary function is to run the operations of stores of Metro Habib.
India to offer tax benefits
NEW DELHI: India will offer tax incentives to small businesses engaged in cashless transactions, Finance Minister Arun Jaitley told reporters on Tuesday, as part of the government´s fight against the cash economy. Jaitley said the move would enable businesses with annual turnover of 20 million rupees ($294,000) to save up to 30 percent in tax payments.
Since Prime Minister Narendra Modi´s shock move last month to scrap old 500 and 1,000 rupee notes, New Delhi has taken a raft of measures to encourage cashless transactions.
Earlier this month, it announced incentives including discounts of between 0.75 percent to 10 percent on digital payments for purchases of petrol, diesel and insurance products from state-run companies.
