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Cabinet approves SBP Amend 2021 related three bills: Hafeez


Top Story
March 10, 2021
ISLAMABAD: Federal Minister for Finance Dr Abdul Hafeez Shaikh Tuesday said the federal cabinet had approved three important bills related to the SBP Amendment Bill 2021.
These bills were aimed at granting autonomy to the central bank, abolishing corporate income tax bill for fetching tax revenues up to Rs140 billion and fixing cash bleeding state-owned enterprises (SOEs) bill under the IMF programme.
He was addressing a joint news conference along with Minister for Industries Hammad Azhar, Minister of State for Institutional Reforms Dr Ishrat Hussain, Secretary Finance Kamran Afzal, and FBR Chairman Javed Ghani at the PID here on Tuesday. Reporters raised critical questions about the controversial SBP Amendments Bill 2021 related to lack of accountability of the SBP governor, targeting inflation, doing away with the Fiscal and Monetary Coordination Board and lack of definition of price stability in the proposed amendment bills under the d ....

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OSRAM Licht To File Application Related To Change Of Sub-segment Of Stock Exchange


OSRAM Licht To File Application Related To Change Of Sub-segment Of Stock Exchange
BERLIN (dpa-AFX) - OSRAM Licht AG (OSAGF.PK) said that it has decided to apply to the management board of the Frankfurt Stock Exchange for the revocation of admission of the OSRAM shares to the listing sub-segment of the regulated market with additional obligations arising from the admission (Prime Standard).
Therefore, the OSRAM shares will be listed on the regulated market (General Standard) for trading ex officio.
By changing the listing sub-segment of the exchange, post-listing obligations of the company such as certain reporting and publication requirements will fall away. This will avoid substantial additional effort and assist the company in cost-saving and streamlining processes, the company said in a statement. ....

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Efficacy of Medical Composites to Recuperate Bodily Functions Related to Medical Procedures fuels Medical Composites Market, Demand for Lightweight Medical Composites to Continue to Soar: TMR


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- The medical composites market is being driven by the demand for lightweight medical equipment and the utilization of composite materials in fixing biological tissues.
- Composite materials are used in a wide range of medical applications, including surgeries, implants, prosthetic limbs, instrument materials, and diagnostics.
ALBANY, N.Y., March 9, 2021 /PRNewswire/ In order to resolve market concerns during the ongoing COVID-19 pandemic, attempts are being taken to cooperate domestically and internationally. The introduction of different vaccinations and treatment methods is forecasted to flatten the curve, according to organizations in the global medical composites market. As a result, it is expected that full-capacity manufacturing activities and factory re-openings would restore economic growth in the medical composites industry. Digital events and webinars are also becoming increasingly common, which is likely to benefit expansion of the global medical comp ....

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