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Multan Dry Port Struggles Under Government Policies: Local Industrialists Facing Difficulties

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General Manager Multan Dry Port Trust Khawaja Muhammad Hassan Wadood

MULTAN, SEPTEMBER 09: Multan Dry Port is facing severe financial crisis due to lack of clearance shipments in recent few months.

Multan Dry Port, the only clearance station in Southern Punjab is facing severe issues due to recent government policies. In a special interview with Daily Manifest Journal, the General Manager of Multan Dry Port, Khwaja Hassan Wadood, stated that the government’s increase in electricity prices has forced local manufacturing industries to shut down. Because Industrialists are unable to meet production cost, and they are out of completion due to high energy tariff.

He mentioned that when industries are not operational, importers and exporters have nothing to send, making it challenging to conduct business. He further stated that the government’s hike in tax rates has burdened the already struggling industries, rendering industrialists and manufacturers unable to operate.

When Southern Punjab’s industrialists are invited to clear their consignments at Multan Dry Port, they often ask one question: Can they conduct business amid such high taxes and uncertainty? The lack of political stability in the country has negatively impacted the economy, causing significant financial pressure on business owners.

Khwaja Hassan Wadood explained that due to current conditions, people are importing lint cotton because local cotton is subject to an 18% General Sales Tax. Additionally, if someone imports 100 bales of cotton, they have to pay GST, with a mill owner facing taxes amounting to about 3.6 million rupees.

He noted that in recent months, the heavy burden of taxes has led to a slowdown in business, and there has been a decline in clearance consignments at Multan Dry Port also. However, the Multan Dry Port Trust has adopted better strategies and is working on upgrading its infrastructure, despite obstacles due to the business slowdown.

Due to the economic slowdown, the Multan Dry Port Trust has closed the Sadiqabad Dry Terminal but is now focusing on Multan Dry Port. Efforts are being made to attract exporters and importers to clear their consignments at Multan Dry Port, and there is hope for a positive trend in the future due to marketing efforts.

Khwaja Hassan Wadood mentioned that despite the rise in inflation, the Multan Dry Port Trust has not increased its clearance charges in the past 10 years. However, an increase has become necessary under the current circumstances, and relief in electricity prices is crucial for industries to operate. The situation at Faisalabad and other dry ports is worse than at Multan, but improvements are expected, and trade activities at Multan Dry Port are anticipated to rise soon.

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The French winemaker whose wines are illegal in his home country

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Winemaker Maxime Chapoutier would be arrested if he tried to sell two of his newest wines in his native France.
“There would likely be outrage about these wines in France, and that would be a good thing,” he says. “Sometimes you need to be provocative to drive change.”
The two bottles in question, one white and one red, would be illegal in France because they are made from a blend of French and Australian base wines.
Under both French and European Union law it is forbidden to make a wine that combines EU and non-EU fruit. In France in particular, authorities take such things very seriously.
The French wine industry has a celebrated word called “terroir”, which applies to all the environmental factors that affect vines growing in a vineyard, such the soil, the climate, and the elevation. As a result, wines from a specific place are held in the highest esteem.
Add a strict appellation or classification system for France’s wine regions, and the thought of blending French and Australian wine to create a global hybrid would horrify many French wine lovers.
Yet Maxime has done just this, and it is all thanks to one word – Brexit.
For while he cannot sell the two wines in the EU, he can do so in the UK now that London no longer has to follow food and drink rules set by Brussels.

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Musk, MrBeast, Larry Ellison – Who might buy TikTok?

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Jimmy Donaldson – aka MrBeast – was jubilant as he told his tens of millions of TikTok followers about his bid to buy the platform.
“I might become you guys’ new CEO! I’m super excited!” Donaldson said from a private jet. He then proceeded to promise $10,000 to five random new followers.
The internet creator’s post has been viewed more than 73 million times since Monday. Donaldson said he could not share details about his bid, but promised: “Just know, it’s gonna be crazy.”
Donaldson is one of multiple suitors who have expressed interest in purchasing TikTok, the wildly popular social media platform that’s become the subject of a fast-moving political drama in the United States.
Last year, then-President Joe Biden signed a law that gave TikTok’s China-based parent company ByteDance until 19 January to sell the platform or face a ban in the United States.

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UnitedHealthcare names new boss after former CEO killed

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UnitedHealthcare has named a new boss almost two months after its then-chief executive Brian Thompson was shot and killed in New York.
Company veteran Tim Noel will take charge of the largest health insurer in the US, which has more than 50 million customers, at a critical moment.
Mr Thompson’s killing on 4 December in central Manhattan ignited a wide debate about how the US healthcare system operates.
Many Americans, who pay more for healthcare than people in any other country, have expressed anger over what they see as unfair treatment by insurance firms.
Mr Noel “brings unparalleled experience to this role with a proven track record and strong commitment to improving how health care works for consumers, physicians, employers, governments and our other partners,” UnitedHealthcare’s parent company UnitedHealth Group said.
A manhunt ensued for days as police worked to identify who was responsible in the December killing, which happened outside a Manhattan hotel where the CEO was staying.
After five days, Luigi Mangione, 26, was arrested in a McDonald’s restaurant in Pennsylvania after a worker called police.
Mr Mangione has pleaded not guilty to charges in the killing. He is facing 11 state criminal counts, including murder as an act of terrorism.
As well as the state-level charges, he is also accused of federal – national-level – stalking and murder offences that could lead to a death penalty sentence.
Prosecutors allege that Mr Mangione shot Mr Thompson before going on the run.

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