Tuesday, March 29th, 2022
Change of guards in the Punjab province
Editorial The opposition parties in the Punjab Assembly had submitted the no trust motion against incumbent Chief Minister Usman Buzdar. 126 members signed the motion. A 20 percent of the total members of the Assembly can submit a no-trust motion, which means the opposition needed only 74 members to submit this motion. It was an expected move. But the very next day Usman Buzdar was asked to step down to pave the way for Ch. Pervez Elahi, the Speaker of the Punjab Assembly. In his meeting with Prime Minister ImranRead More
Huawei Releases 2021 Annual Report: Solid Operations, Investing in the Future
ISLAMABAD, MAR 29: Huawei released its 2021 Annual Report today, revealing that the company had maintained solid operations throughout the past year. As per the report, Huawei achieved USD 99.9 billion in revenue in 2021, and USD 17.8 billion in net profits, an increase of 75.9% year-on-year. The company’s R&D expenditure reached about USD 22.38 billion in 2021, representing 22.4% of its total revenue, and bringing its total R&D expenditure over the past 10 years to over USD 132.5 billion. Moving forward, the company also plans to continuously increase investmentRead More