Palm oil central to food security

[ LAHORE: In Pakistan’s kitchens, snack factories and food industries, one ingredient quietly sustains, both in terms of affordability and availability, ie, Indonesian palm oil. As the world’s largest palm oil producer, Indonesia has become the backbone of Pakistan’s edible oil market, playing a decisive role in keeping its fast-moving consumer goods (FMCG) sector running … Read more

FBR collects record Rs2b in wedding taxes

[ KARACHI: A significant rise has been recorded in tax collection from wedding ceremonies across the country, as authorities intensify efforts to ensure the collection of withholding tax on such events. According to documents of the Federal Board of Revenue (FBR), during the fiscal year 2024-25, withholding tax deductions from weddings increased by 19 percent, … Read more

Ubisoft cancels ‘Assassin’s Creed’ over political concerns

Ubisoft reportedly cancelled a planned ‘Assassin’s Creed’ game set during and after the American Civil War, according to a new report by Game File. The project, which was in early development, was described as one of the franchise’s most ambitious instalments before being halted by company leadership in mid-2024. Five current and former Ubisoft employees … Read more

Experts wary of pension reform

[ ISLAMABAD: The government has introduced a new pension scheme to cut expenses and bring fiscal discipline. In the first phase, it has been implemented for civil employees only and will be extended to armed forces employees after one year. However, experts warn that this piecemeal approach may not work, as the reform’s success depends … Read more

North Korea holds military parade

PYONGYANG: North Korean leader Kim Jong Un oversaw a large military parade displaying its new intercontinental ballistic missile in front of visiting international dignitaries, state media KCNA said on Saturday. The parade, which began late on Friday, marked the 80th anniversary of the foundation of its ruling Workers’ Party and followed celebrations on Thursday. Chinese … Read more

FinMin to attend IMF, World Bank meetings

[ ISLAMABAD: Federal Minister for Finance Muhammad Aurangzeb departed for the United States to attend annual meetings of the International Monetary Fund (IMF) and the World Bank. The minister will represent Pakistan at plenary sessions of both the IMF and the World Bank, according to a press release issued by the finance ministry on Saturday. … Read more

Europe draws line against big tech’s power

a visitor walks past a logo of microsoft photo afp

BRUSSELS: The European Union has launched fresh scrutiny of digital giants including Apple, Snapchat and YouTube over online child safety, as Britain moved to tighten oversight of Google’s powerful search business in a widening global crackdown on Big Tech. The European Commission on Friday demanded detailed explanations from major platforms about how they are protecting … Read more