May 7, 2024 - News Feed

Hitachi Energy supports long-term operation of largest HVDC-connected wind energy project in U.S.

Posted May 7, 2024 by Web Desk

Multi-year agreement provides service solutions to the SunZia Transmission Project, linking New Mexico’s wind farms to Arizona’s grid, increasing renewable energy to Western States Zurich, Switzerland, May 07, 2024 (GLOBE NEWSWIRE) — Hitachi Energy announced that it has signed a multi-year agreement with Pattern Energy to support its high-voltage direct…

Anaqua Unveils PATTSY WAVE Version 8 IP Management Software

Posted May 7, 2024 by Web Desk

New release empowers IP professionals with enhanced operational efficiency and functionality BOSTON, May 07, 2024 (GLOBE NEWSWIRE) — Anaqua, the leading provider of innovation and intellectual property (IP) management technology, today announces the launch of PATTSY WAVE Version 8, the latest release of the patent and trademark management software. With this announcement, PATTSY…

Zenas BioPharma Announces Upsized $200 Million Series C Financing to Advance Mid- and Late-Stage Immunology-Focused Clinical Development Programs

Posted May 7, 2024 by Web Desk

Financing led by SR One, NEA, Norwest Venture Partners, and Delos Capital with significant participation from Enavate Sciences, Longitude Capital, and other new and existing investors Proceeds to support ongoing mid- to late-stage clinical development programs for Company’s lead I&I product candidate, obexelimab WALTHAM, Mass., May 07, 2024 (GLOBE NEWSWIRE)…

The World’s Wealthiest Cities in 2024

Posted May 7, 2024 by Web Desk

LONDON, May 07, 2024 (GLOBE NEWSWIRE) — When it comes to the number of resident millionaires with liquid investable wealth of USD 1 million or more, the US leads the pack, with 11 cities in the Top 50, including New York City, which holds firmly onto 1st place in the 2024 World’s…

Death anniversary of singer Zahida Parveen observed

Posted May 7, 2024 by newsfeed.pk

Pakistan's renowned singer Zahida Parveen's forty-ninth death anniversary was observed on Tuesday. The great Kafi singer Zahida Parveen was born in Amritsar, Punjab in 1925. She was known as The Nightingale and The Queen of Kafi. After partition, she moved to Pakistan and learned singing from Ashiq Hussain of Patiala…

Govt Enforces Tax Laws (Amendment) Act

Posted May 7, 2024 by newsfeed.pk

The government has enforced Tax Laws (Amendment) Act, 2024 from May 6, 2024 to liquidate appeals before Commissioner Inland Revenue (Appeals) and Appellate Tribunal Inland Revenue (ATIR). The Act has amended Income Tax Ordinance 2001, Sales Tax Act 1990 and Federal Excise Act 2005. Under the amended Sales Tax Act,…

Pakistan, Dutch, Australian Companies Announce Partnership to Introduce Superior Livestock

Posted May 7, 2024 by newsfeed.pk

Despite being 4th largest milk producer in the world and a major sub-sector of agriculture, contributing along with livestock over 60 percent of value-added agriculture and 11.7 percent of the total GDP contribution, the dairy sector faces persistent challenges that hinder its optimal potential. These views were expressed by industry…

Pakistan Seeks $8 Billion Funding From World Bank in Next 4 Years

Posted May 7, 2024 by newsfeed.pk

Pakistan has commenced discussions with the World Bank (WB) for a $8 billion Country Partnership Strategy (CPS) policy framework spread over four years. The CPS, expected to span from FY 2025 to FY 2029, is still under discussion regarding its specific framework and duration, reported TheNews. Negotiations for a new…

SECP Proposes Enhanced Disclosures for Shariah Stock Screening of Listed Companies

Posted May 7, 2024 by newsfeed.pk

The Securities and Exchange Commission of Pakistan (SECP) has proposed amendments to the Fourth Schedule of the Companies Act, 2017. These amendments enhance the list of disclosures made in the financial statements of listed companies for Shariah stock screening of shares. Listed companies will be required to provide crucial information…

Chicken Price Falls by Rs. 78 in Punjab in Just a Day

Posted May 7, 2024 by newsfeed.pk

Chicken prices have been reduced by Rs. 78 per kilogram in Punjab effective May 7, 2024. The price of chicken in the local market is now Rs. 470 per kg, significantly down compared to Rs. 548 until yesterday. The price of chicken farm broiler (live) has now been set at…

SECP Allows Offering of Tailored Pension Allocation Schemes

Posted May 7, 2024 by newsfeed.pk

The Securities and Exchange Commission of Pakistan (SECP) has introduced an enabling framework for tailored pension allocation schemes by the Employers Pension Fund (EPF) in order to make voluntary pension schemes feasible. Further, the SECP has authorized pension fund managers to offer tailored allocation options in line with their agreement…

FBR Forms Project Management Team to Monitor Implementation of Digitalization Process

Posted May 7, 2024 by newsfeed.pk

The Federal Board of Revenue (FBR) has constituted a Project Management Team for Tax System Digitalization to monitor the implementation of the project. According to a notification issued by the FBR on Tuesday, in pursuance of the agreement between FBR and Karandaaz Pakistan for Tax System Digitalization, the following Project…

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