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      "title": "Nissan chairman Carlos Ghosn arrested over financial misconduct",
      "body": " \r\n<br><div class=\"K2FeedImage\"><img src=\"https://www.suchtv.pk/media/k2/items/cache/d23c8a24b2c8a75f52efbbf805b7b80b_M.jpg\" alt=\"Reporters gather at Nissan's global HQ in Yokohama, Japan on Monday evening ahead of a news conference\" /><br/></div><div class=\"K2FeedIntroText\">The Nissan chairman has been arrested on suspicion of falsifying financial reports. Brazilian-born Carlos Ghosn has rescued the Japanese automaker from near bankruptcy over the last 18 years.</div><div class=\"K2FeedFullText\">\r\n<p>tify\">Nissan Motor Company said on Monday it was moving to fire Carlos Ghosn from his post as chairman after Japanese media reported he was arrested for using company money for personal use and engaging in other serious acts of misconduct.</p>\r\ntify\">Ghosn, who heads the Renault-Nissan-Mitsubishi alliance, is suspected of failing to report hundreds of millions of yen (millions of euros, dollars) in income. He was arrested in Tokyo on violation of financial regulations including misreporting his income.</p>\r\ntify\">Shares in French carmaker Renault plunged as much as 12 percent as the news of his alleged misconduct broke - Renault's lowest level in about four years.</p>\r\ntify\">Nissan said the violations were discovered during an investigation over several months that was instigated by a whistleblower.</p>\r\ntify\">Ghosn's arrrest comes just five months after he narrowly won a shareholder vote at Renault over his 7.4 million euro ($8.5 million) pay package for 2017, after losing a 2016 vote. The 64-year-old helped turn the carmaker back from the brink of financial ruin 17 years ago and turned it into a global powerhouse, pushing it into electric cars.</p>\r\ntify\"><strong>Appropriate Measures</strong></p>\r\ntify\">The allegations also involve Nissan's representative director Greg Kelly.</p>\r\ntify\">Nissan's CEO, Hiroto Saikawa, said the board will meet on Thursday to vote on dismissing both Ghosn and Kelly. He identified three types of serious conduct: under-reporting income, using investment funds for personal gain and illicit use of company expenses.</p>\r\ntify\">\"This is an act that cannot be tolerated by the company,\" he said during a news briefing.</p>\r\ntify\">The Nissan CEO told journalists that the scandal would not affect the automaker's alliance with Renault and Mitsubishi.</p>\r\ntify\">\"The partnership among the three entities will not be affected by this event, rather we will closely work together with all the partners to contain any possible confusion.\"</p>\r\ntify\"><strong>French vigilance</strong></p>\r\ntify\">France's President Emmanuel Macron said his country would be extremely vigilant about the fate of Renault and its alliance with Nissan after Monday's events.</p>\r\ntify\">Macron said that the French state, as a Renault shareholder, \"will be extremely vigilant to the stability of the alliance and the group.\"</p></div>\r\n<br>\r\n <br /><center><hr/><em>Posted from my blog with <a href='https://www.sasnewssys.com/'>SteemPress</a> : https://www.sasnewssys.com/business/nissan-chairman-carlos-ghosn-arrested-over-financial-misconduct/ </em><hr/></center>  ",
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      "body": " \r\n<br><div class=\"K2FeedImage\"><img src=\"https://www.suchtv.pk/media/k2/items/cache/28a0914be81eab925781f5e7226365f8_M.jpg\" alt=\"Google's marketing head describes Pakistan as fast emerging 'digital-first country'\" /><br/></div><div class=\"K2FeedIntroText\">Google’s Head of Large Customer Marketing, South Asia, Lars Anthonisen has termed Pakistan as a place which is quickly becoming a “digital-first country”.</div><div class=\"K2FeedFullText\">\r\n<p dir=\"ltr\" style=\"text-align: justify\">He wrote this in a blog post for Think with Google, a platform that hosts expert analysis for e-commerce and digital branding in the Asia-Pacific region.</p>\r\n<p dir=\"ltr\" style=\"text-align: justify\">“There’s a reason Pakistan is attracting interest from major foreign investors. With an economy powered by small- and medium-sized enterprises (SMEs) and a rapidly growing population of mobile users, the country is on track to produce one of the largest digital audiences in the world,” says the blog post.</p>\r\n<p dir=\"ltr\" style=\"text-align: justify\">Anthonisen has given five reasons for companies to consider expanding their digital campaigns into Pakistan.</p>\r\n<p dir=\"ltr\" style=\"text-align: justify\"><strong>Growing population</strong></p>\r\n<p dir=\"ltr\" style=\"text-align: justify\">“Pakistan has a population of more than 202 million people, which means there are lot of potential consumers coming online every day. And the country is even more urbanized than neighboring India, with nearly 40% of total households living in cities.”</p>\r\n<p dir=\"ltr\" style=\"text-align: justify\"><strong>Fast-growing economy</strong></p>\r\n<p dir=\"ltr\" style=\"text-align: justify\">“With a current GDP at $1,641 per capita, Pakistan is expected to be the fourth fastest growing economy globally through 2030. Driven largely by SMEs (more than 90% of all companies in Pakistan are SMEs), these smaller businesses contribute 40% to the country’s $305 billion GDP.”</p>\r\n<p dir=\"ltr\" style=\"text-align: justify\"><strong>Increasing smart phone users</strong></p>\r\n<p dir=\"ltr\" style=\"text-align: justify\">“Currently, there are 59 million smartphone users in Pakistan, and more than 83% of those users are on Android devices. This number will likely grow quickly as smartphone prices have dropped over the last few years. Pakistan also has some of the cheapest data prices in the world, which is helping to grow mobile app usage. YouTube captures a huge chunk of smartphone users’ attention and is the most-used online video streaming platform among millennials.”</p>\r\n<p dir=\"ltr\" style=\"text-align: justify\"><strong>Internet penetration</strong></p>\r\n<p dir=\"ltr\" style=\"text-align: justify\">“Pakistan’s overall internet penetration stands at 22% with 44.6 million users. In spite of this, digital consumption in the country continues to grow quickly. YouTube watch time, for example, has seen over 60% growth over the last three years.”</p>\r\n<p dir=\"ltr\" style=\"text-align: justify\"><strong>China’s investment</strong></p>\r\n<p dir=\"ltr\" style=\"text-align: justify\">“The Chinese-Pakistan Economic Corridor (CPEC) is the largest Chinese investment in a foreign country (valued at $62 billion). One of the first CPEC projects is to lay 820 kilometers of fiber-optic cable, connecting more Pakistanis to the internet. This is in addition to ongoing investments in 3G and 4G network expansions from China Mobile — the company has already announced plans to invest another $225 million in 4G expansion (bringing its total investment to $2.4 billion).”</p>\r\n<p dir=\"ltr\" style=\"text-align: justify\">Anthonisen advises businesses to leave a mark on Pakistan by reaching out to the SME audience to help them scale.</p></div>\r\n<br>\r\n <br /><center><hr/><em>Posted from my blog with <a href='https://www.sasnewssys.com/'>SteemPress</a> : https://www.sasnewssys.com/technology/googles-marketing-head-describes-pakistan-as-fast-emerging-digital-first-country/ </em><hr/></center>  ",
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      "title": "Remittances to Pakistan touched $2 billion in October",
      "body": " \r\n<br><div class=\"K2FeedImage\"><img src=\"https://www.suchtv.pk/media/k2/items/cache/4476a31de29931cb9b9d0a9e2db0847e_M.jpg\" alt=\"Remittances to Pakistan touched $2 billion in October\" /><br/></div><div class=\"K2FeedIntroText\">Remittances to Pakistan touched $2 billion in October this year – the second time the inflow from expatriate Pakistanis living in different countries totalled the $2 billion figure in 2018.</div><div class=\"K2FeedFullText\">\r\n<p dir=\"ltr\" style=\"text-align: justify\">According to analysis from the Economist Intelligence Unit (EIU), October remittances stayed above the average monthly remittances of $1.7 billion. The increase in remittances was driven primarily by the weakening of the Pakistani rupee, which made the currency attractive for the expat population.</p>\r\n<p dir=\"ltr\" style=\"text-align: justify\">EIU predicts higher remittances for Pakistan in 2018 compared to the previous year. Among other factors driving the higher inflows are the rising oil prices and better economic conditions in the Gulf countries – which boast a sizeable proportion of the expat population.</p>\r\n<p dir=\"ltr\" style=\"text-align: justify\">Remittances from Saudi Arabia posted a rise of 7.3% in October, with the figure likely to pick up in 2019 as oil prices are expected to rise slightly more.</p>\r\n<p dir=\"ltr\" style=\"text-align: justify\">The higher remittances, however, will not be enough to plug external sector financing gaps, EIU warned.</p>\r\n<p dir=\"ltr\" style=\"text-align: justify\">The current account deficit is estimated to fall to $13.1 billion in 2019, against projections of $18.3 billion in 2018. The deficit will stand at around 5.8% of the GDP, it stated.</p>\r\n<p dir=\"ltr\" style=\"text-align: justify\">An International Monetary Fund bailout program is likely to begin in early 2019. Loans from bilateral donors might also avert a balance-of-payments crisis, EIU added.</p></div>\r\n<br>\r\n <br /><center><hr/><em>Posted from my blog with <a href='https://www.sasnewssys.com/'>SteemPress</a> : https://www.sasnewssys.com/business/remittances-to-pakistan-touched-2-billion-in-october/ </em><hr/></center>  ",
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      "permlink": "facebookshutsmoreaccountsaimedatpoliticalmeddling-t883he5yb9",
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      "body": " \r\n<br><div class=\"K2FeedImage\"><img src=\"https://www.suchtv.pk/media/k2/items/cache/4d4682335003e0866390f9bcf1d4a15c_M.jpg\" alt=\"Facebook shuts more accounts aimed at political meddling\" /><br/></div><div class=\"K2FeedIntroText\">Facebook on Tuesday said it shut down more accounts aimed at influencing the US midterm election and that it is exploring a possible link to Russia.</div><div class=\"K2FeedFullText\">\r\n<p dir=\"ltr\" style=\"text-align: justify\">\"As we've continued to investigate, we detected and removed some additional Facebook and Instagram accounts,\" head of cybersecurity policy Nathaniel Gleicher said in an update posted at the social network.</p>\r\n<p dir=\"ltr\" style=\"text-align: justify\">While stressing the challenge of identifying the culprits, he noted that a website claiming to be associated with the Internet Research Agency (IRA), a Russia-based troll farm, published a list of Instagram accounts they said that they had created.</p>\r\n<p dir=\"ltr\" style=\"text-align: justify\">Facebook had already shut down most of those accounts, and blocked the rest after an internal investigation, according to Gleicher.</p>\r\n<p dir=\"ltr\" style=\"text-align: justify\">\"Ultimately, this effort may have been connected to the IRA, but we aren't best placed to say definitively whether that is the case,\" Gleicher said.</p>\r\n<p dir=\"ltr\" style=\"text-align: justify\">\"Trolls have an incentive to claim that their activities are more widespread and influential than may be the case.\"</p>\r\n<p dir=\"ltr\" style=\"text-align: justify\">On the eve of the midterm election, Facebook announced it blocked some 30 accounts on its platform and 85 more on Instagram after police warned they may be linked to \"foreign entities\" trying to interfere.</p>\r\n<p dir=\"ltr\" style=\"text-align: justify\">On Tuesday, the numbers of accounts removed for \"coordinated inauthentic behavior\" was raised to 36 at Facebook and 99 at the social network's Instagram service.</p>\r\n<p dir=\"ltr\" style=\"text-align: justify\">Most of the accounts were created after the middle of last year. Overall, the Instagram accounts had amassed about 1.25 million followers, with 600,000 of those people located in the United States, according to Facebook.</p>\r\n<p dir=\"ltr\" style=\"text-align: justify\">Meanwhile, the Facebook pages had attracted a total of approximately 65,000 followers in total, with posts mainly in French.</p>\r\n<p dir=\"ltr\" style=\"text-align: justify\">Most of the Instagram accounts were said to be in English.</p>\r\n<p dir=\"ltr\" style=\"text-align: justify\">Facebook shared examples of content being shared, saying there were many posts about celebrities as well as social issues such as women's rights and gay pride.</p>\r\n<p dir=\"ltr\" style=\"text-align: justify\">Facebook blocked the initial accounts a day after being contact by US law enforcement officials about online activity they believe may be linked to foreign entities.</p>\r\n<p dir=\"ltr\" style=\"text-align: justify\">A study published in late October found that misinformation on social media was spreading at a greater rate than during the run-up to the 2016 presidential vote, which Russia is accused of manipulating through a vast propaganda campaign in favor of Donald Trump, the eventual winner.</p>\r\n<p dir=\"ltr\" style=\"text-align: justify\">Major online social platforms have been under intense pressure to avoid being used by \"bad actors\" out to sway outcomes by publishing misinformation and enraging voters.</p>\r\n<p dir=\"ltr\" style=\"text-align: justify\">Facebook weeks ago opened a \"war room\" at its Menlo Park headquarters in California to be a nerve center for the fight against misinformation and manipulation of the largest social network by foreign actors trying to influence elections in the United States and elsewhere.</p>\r\n<p dir=\"ltr\" style=\"text-align: justify\">The war room is part of stepped up security announced by Facebook, which will be adding some 20,000 employees.</p></div>\r\n<br>\r\n <br /><center><hr/><em>Posted from my blog with <a href='https://www.sasnewssys.com/'>SteemPress</a> : https://www.sasnewssys.com/technology/facebook-shuts-more-accounts-aimed-at-political-meddling/ </em><hr/></center>  ",
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      "permlink": "govtstrivinghardtopromoteexportcultureincountryrazakdawood-sed34a1yoa",
      "title": "Govt striving hard to promote export culture in country: Razak Dawood",
      "body": " \r\n<br><div class=\"K2FeedImage\"><img src=\"https://www.suchtv.pk/media/k2/items/cache/24dd24a17745484db27d6314bc22a1d2_M.jpg\" alt=\"Razak Dawood\" /><br/></div><div class=\"K2FeedIntroText\">Advisor to Prime Minister on Commerce, Textile and Industry Abdul Razak Dawood says government is striving hard to promote export culture in the country to reverse the process of deindustrialization.</div><div class=\"K2FeedFullText\">\r\n<p dir=\"ltr\" style=\"text-align: justify\">Addressing an international cement conference in Lahore on Tuesday, he said everyone will have to play role for national and economic development.</p>\r\n<p dir=\"ltr\" style=\"text-align: justify\">The Adviser said the government is committed to facilitate the business community as no nation can progress unless it pursues export driven strategy.</p>\r\n<p dir=\"ltr\" style=\"text-align: justify\">He said several decisions were taken in yesterday's meeting of the Economic Coordination Committee to facilitate zero rated industries.</p></div>\r\n<br>\r\n <br /><center><hr/><em>Posted from my blog with <a href='https://www.sasnewssys.com/'>SteemPress</a> : https://www.sasnewssys.com/business/govt-striving-hard-to-promote-export-culture-in-country-razak-dawood/ </em><hr/></center>  ",
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