Reforms by SECP lead to 39% growth in new companies’ registration

ISLAMABAD: A host of reforms by the Securities and Exchange Commission of Pakistan (SECP) for ease of doing business have led to 39 percent corporate growth in February compared to the same month last year. The Corporate Registrar has incorporated 2,257 new companies and startups in February. 99 percent of… Continue reading

NEXT Biometrics to optimize organization and cost base

OSLO: NEXT Biometrics, a global leader in fingerprint sensor technology, is executing a program to optimize the organization and cost base with its strategic priorities and market opportunities. Focus has been a streamlined operating model, reduced cost and enabling revenue growth, a statement said. The measures are expected to result… Continue reading

South Korea non-life insurance market outlook held at stable as companies manage slower growth

HONG KONG: AM Best has maintained a stable market segment outlook on South Korea’s non-life insurance market, although increasing losses and intense competition in the automobile and long-term insurance lines, as well as rising interest obligations, may pressure the sector’s overall profitability. A new Best’s Market Segment Report, titled, “Market… Continue reading

Imposed FED to dampen cement industry’s growth

KARACHI: The government’s decision to increase Federal Excise Duty (FED) on Cement from five per cent to Rs 50 on a 50-kilogram bag, will not only increase Rs 22 on a 50 kg bag but it will also increase the Sales Tax in absolute terms as Sales Tax is being… Continue reading