The visiting delegates were briefed about Special Technology Zones being developed by STZA across Pakistan and the special fiscal and monetary incentives, including but not limited to 10-year tax and duty holiday, and support being offered to domestic and foreign tech companies in the Special Tech Zones. “If companies such as Google enter Pakistan with a range of products, then startups would take further boost in the country. Moreover, jobs would also be created,” Hashmi added.
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Pensioners could save rural economy: Pietzsch
The sole SA Nationals candidate Jonathan Pietzsch, standing for the seat of Barker, has called on a returned Coalition government to allow pensioners to work without the threat of losing their pension. He said a National Seniors survey showed one in five pensioners wished to continue working, but only 2.9 per cent were. He said this meant that Australia was missing out on hundreds of thousands of keen and skilled workers, which had a flow on effect to the economy.”Increasing the Pensioner Work Bonus in 2 levels, one for those working in the city, and another for those wishing to work in regional areas where the worker shortage is even more critical, is a viable way to address our immediate labour shortage and will pump billions back into the economy – it truly is a win/win/win,” Mr Pietzsch said.
Read moreUAE Corporate Tax law will continue incentives for free zone based entities
The UAE Ministry of Finance (MoF) has released a public consultation document inviting comments from stakeholders on the proposed legislation. A progressive step by the Ministry, which provides an opportunity for businesses to play a key role in formulating the UAE Corporate Tax law.
While there is no tax on individual income, income from activities carried out by individuals through a commercial license would attract the tax. Further, federal and emirate governments, their departments, and companies carrying out sovereign activities, companies engaged in the extraction of natural resources, charities, pension funds, investment funds (subject to conditions) would be exempt.
Read moreRising red tape under the Morrison government is strangling Australian business
Australia needs an investment boom in the wake of the pandemic. After two years (and counting) of missed opportunities, the government should deliver an aspirational Budget, and run a similarly spirited election, with bold initiatives that will foster a boom in investment. Cutting tape and taxes and allowing Australians to get on with building their lives and our country with less government in the way is a vital part of this. The Treasurer’s Thatcherite/Reaganite credentials remain to be seen. We can only hope for an improvement on last year’s Budget, which mentioned cutting tape twice, but providing subsidies 19 times.
Read morePositive factors powering gas’ price rise
Australian gas prices, especially along the eastern seaboard, have also been trending up and look like rising further as demand outstrips supply, which is why Gina Rinehart, one of Australia’s richest people dived into the gas market last year as a partner with Korea’s steel giant Posco in the takeover of Queensland gas producer Senex Energy. Rinehart’s move on Senex was well timed with oil trading around US$70 a barrel when it was first reported to US$105/bbl today.
Read moreThe 10,000 missing miners
High commodity prices are masking deep-seated problems in the world’s big mining companies were a combination of cost inflation, supply-chain tightness, and shortages of everything is starting to bite. Reports covering March quarter production, scheduled to start flowing this week, might throw fresh light on the size of the challenge confronting BHP, Rio Tinto and other leading miners which are currently enjoying strong investor support because of near-record prices for most of their output.
Read moreROY HILL A World Class Vision of a Modern Iron Ore Project
The world-class Roy Hill operation in Western Australia’s Pilbara region is a perfect example of Executive Chair Gina Rinehart’s example of the next generation of integrated iron ore mining, rail and port projects. One of Australia’s single largest iron ore mines, Roy Hill is delivering enormous economic benefits to the Western Australian and Australian communities. Roy Hill provides employment to over 2,800 employees, plus a number of contract suppliers and service providers.
Read moreResources, energy export earnings set for record $425bn
Australia’s resources and energy export earnings are forecast to surge to a record high $425 billion for 2021-22. Minister for Resources and Water Keith Pitt said the latest forecast, from the Department of Industry, Science, Energy and Resources’ March 2022 edition of the Resources and Energy Quarterly (REQ), is up a stunning 12 per cent on the December 2021 REQ projection of $379 billion. “The March 2022 REQ has found that soaring demand and high prices for Australia’s gas, coal and oil are a key contributor to our record export earnings. In short our resources sector is knocking it out of the park and underpinning our economic growth, our energy security and our national security,” Minister Pitt said.
Read moreDes Houghton: Katter’s right, we need more dams, more mines and more gas
We Australians are living in a fool’s paradise when we let water that could be nourishing cattle and food crops flow wastefully into the ocean. We are already producing the world’s best beef thanks to outstanding companies like Stockyard, AAco, Stanbroke, and Gina Rinehart’s Hancock Agriculture. With more dams, more mines and more gas, Australia could become a food and energy superpower.
Read moreAustralian Mining Prospect Awards | Lifetime Achievement Award | Speech by Mrs Gina Rinehart
17th March, 2022.
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