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Multan Chamber of Commerce and Industry hosts IT Roundtable Conference at Rumanza

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Key stakeholders from the IT industry, government, and academia gather at the Multan Chamber of Commerce IT Roundtable Conference to discuss the future of technological advancement and the establishment of an IT park in South Punjab

Multan, September05: The (MCCI) organized an IT Roundtable Conference at Rumanza, bringing together representatives from IT companies, industrialists, professors, and other key stakeholders from the region. The conference, aimed at advancing the IT sector in South Punjab, was attended by notable figures, including Additional Chief Secretary South Punjab, Fawad Hashim Rabbani, who graced the event as the chief guest.

Also present were MCCI President Mian Rashid Iqbal, Vice President Asim Saeed Sheikh, and other members of the chamber, along with senior officials from the Punjab Information Technology Board (PITB), including Director General E-Governance Sajid Latif.

A key outcome of the conference was the unanimous adoption of a resolution calling for the establishment of an IT park in South Punjab. The resolution emphasized that once the IT park is set up in Multan, its scope should be expanded across the entire South Punjab region. The text of the resolution highlighted the vital role of information technology in economic growth, innovation, and employment generation.

The resolution further stated that the establishment of an IT park would attract investment and encourage multinational companies to set up operations in the region. The IT Park is expected to define a clear vision, framework, and roadmap for the region’s technological development.

In his address, Fawad Hashim Rabbani, Additional Chief Secretary South Punjab, stressed the necessity of IT development for fast-paced economic growth. He pointed out that setting up an IT park in South Punjab is a pressing need, stating that it will serve as a hub for innovation, entrepreneurship, and digital transformation. According to Rabbani, the park will create investment opportunities, generate jobs, and enhance human capital by increasing productivity through information technology.

He added that the IT park would provide a conducive environment for IT companies, startups, and researchers, thus promoting local talent and human development. The Additional Chief Secretary assured the participants that the South Punjab Secretariat would advocate for the establishment of the IT park at every forum.

Rabbani also mentioned that the Chinese Consul General had committed to training South Punjab’s youth in Artificial Intelligence (AI) and Information Technology through Chinese experts. He extended his congratulations to the Multan Chamber of Commerce for successfully organizing the IT conference.

MCCI President Mian Rashid Iqbal, speaking at the event, reiterated the chamber’s commitment to expanding and modernizing business opportunities in the region. He emphasized that the MCCI is dedicated to the development of all sectors in South Punjab.

MCCI Vice President Asim Saeed Sheikh highlighted that over 200 IT companies are currently operating in South Punjab, alongside 400,000 freelancers working in the IT sector. However, he pointed out that the lack of resources in the region is causing some IT companies to shift to other cities. Sheikh noted that the establishment of the IT park would be the solution to these challenges, ensuring that IT companies and talent remain in South Punjab.

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UK bans cattle, pigs and sheep imports from Germany after foot-and-mouth case

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The UK has introduced a ban on pigs, sheep and cattle imports from Germany after a case of foot-and-mouth disease was confirmed in the country.
The government said on Tuesday it will no longer approve health certificates for animals, fresh meat and animal products susceptible to the disease to prevent its spread to the UK where there are currently no confirmed cases.
While there is no risk to humans or food safety, foot-and-mouth is highly contagious in pigs, sheep and cattle, as well as other cloven-hoofed animals.
In 2001 and 2007, the UK suffered major outbreaks of the disease, leading to millions of livestock animals being slaughtered across the country.
Farming minister Daniel Zeichner said the government will do “whatever it takes to protect our nation’s farmers from the risk posed by foot-and-mouth”.
He added: “That is why restrictions have immediately been brought in on animal products from Germany to prevent an outbreak, and we will not hesitate to add additional countries to the list if the disease spreads.
“We will continue to keep the situation under review, working closely with the German authorities.”
Foot-and-mouth disease is a legally notifiable disease, meaning it is an offence not to report a case to the government.
As well as culling animals, farmers affected by the disease could see reduced milk production, as well as wider economic implications such as the loss of access to foreign markets for animals and their subsequent products.
Major outbreaks in 2001 and 2007 cost the public and private sectors billions.
For cattle, symptoms of the disease include blisters and sores on their feet, mouth and tongue, as well as lameness, fever and reluctance to feed.
In sheep and pigs, symptoms typically present as lameness and blisters.
UK Chief Veterinary Officer Dr Christine Middlemiss has asked “livestock keepers to exercise the upmost vigilance for signs of disease, follow scrupulous biosecurity, and report any suspicion of disease immediately to the Animal and Plant Health Agency”.
The government recently announced a £200m investment in the UK’s main research and laboratory testing facilities at Weybridge to bolster protection against animal disease.

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Spain plans 100% tax for homes bought by non-EU residents

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Spain is planning to impose a tax of up to 100% on the value of properties bought by non-residents from countries outside the EU, such as the UK.
Announcing the move, Prime Minister Pedro Sánchez said the “unprecedented” measure was necessary to meet the country’s housing emergency.
“The West faces a decisive challenge: To not become a society divided into two classes, the rich landlords and poor tenants,” he said.
Non-EU residents bought 27,000 properties in Spain in 2023, he told an economic forum in Madrid, “not to live in” but “to make money from them”.
“Which, in the context of shortage that we are in, [we] obviously cannot allow,” he added.
The move was designed to prioritise available homes for residents, the Spanish prime minister said.
Sánchez did not provide any more details on how the tax would work nor a timeline for presenting it to parliament for approval, where he has often struggled to gather sufficient votes to pass legislation.
His office described the proposed measure as a way to limit the purchase of homes by “non-resident non-EU foreigners”. In Spain, people are classed as non-residents if they live in the country for less than 183 days in a single year.
It added: “The tax burden that they will have to pay in case of purchase will be increased up to 100% of the value of the property, in line with countries such as Denmark and Canada.”
Currently non-residents can be expected to pay 6-10% in tax on the property’s value depending on the region and if the property is new or not.
The Spanish government said the proposal would be finalised “after careful study”.

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TikTok users flock to Chinese app RedNote as US ban looms

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TikTok users in the US are migrating to a Chinese app called RedNote with the threat of a ban just days away.
The move by users who call themselves “TikTok refugees” has made RedNote the most downloaded app on Apple’s US App Store on Monday.
RedNote is a TikTok competitor popular with young people in China, Taiwan and other Mandarin-speaking populations.
It has about 300 million monthly users and looks like a combination of TikTok and Instagram. It allows users, mostly young urban women, to exchange lifestyle tips from dating to fashion.
Supreme Court justices are due to rule on a law that set a 19 January deadline for TikTok to either sell its US operations or face a ban in the country.
TikTok has repeatedly said that it will not sell its US business and its lawyers have warned that a ban will violate free speech protections for the platform’s 170 million users in the US.

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