Latest news with #WajidAli
Business Recorder
21-07-2025
- Business
- Business Recorder
Two FBR officers promoted
ISLAMABAD: Two top tax officials of the Federal Board of Revenue (FBR) have assumed the charge of the post of FBR Member Customs (Policy) and FBR Member Inland Revenue (IR) Operations on promotion from BS-21 to BS-22. In this regard, the FBR has issued two notifications. According to the notification, in pursuance of Board's Notification No.1604-C-I/2025, Wajid Ali, a BS-21 officer of Pakistan Customs Service on his promotion to BS-22, has relinquished the charge of the post of Member (Customs Policy) (BS-21), Federal Board of Revenue (HQ), Islamabad, on July 18, 2025 and assumed the charge of the post of Member (Customs Policy) (BS-22), FBR, on the same date. Through another notification, in pursuance of Board's Notification No. 1427-IR-I/2025, Dr Hamid Ateeq Sarwar, a BS-21 officer of Inland Revenue Service on his promotion to BS-22 has relinquished the charge of the post of Member (IR-Operations) (BS-21), Federal Board of Revenue (Hq), Islamabad w.e.f. July 18, 2025 and assumed the charge of the post of Member (IR-Operations) (BS-22), FBR on the same date. Copyright Business Recorder, 2025
Business Recorder
14-06-2025
- Business
- Business Recorder
Anomalies in Finance Bill: FBR forms two committees
ISLAMABAD: The Federal Board of Revenue (FBR) has formed two anomaly committees to identify and remove the technical and legal anomalies in the Finance Bill 2025. According to two notifications issued by the FBR on Friday, Chairman, Federal Board of Revenue/Secretary Revenue Division has been pleased to constitute an Anomaly Committee in order to identify and remove the technical and legal anomalies in the Finance Bill 2025. Chairman Ehsan Malik, CEO of the Pakistan Business Council, will chair the Business Anomaly Committee while Wajid Ali, Member (Customs-Policy), FBR and Dr. Najeeb Ahmad Memon, Member (IR-Policy), FBR will be co chair the committee. Finance Bill: FPCCI demands withdrawal of anti-business measures The members of the committee include Atif Ikram Sheikh, President, FPCCI, Mian Abuzar Shad, President, LCCI, Lahore, Muhammad Jawed Bilwani, President, KCCI, Karachi Fazal Moqeem Khan, President, Sarhad Chamber, Peshawar, Muhammad Ayub Maryani, President, Quetta Chamber, Quetta, Nasir Mansoor Qureshi, President, Islamabad Chamber, Rehan Naseem, President, Faisalabad Chamber, Sohail Pasha, Chairman, Pakistan Textile Exporters Association PTEA Faisalabad, Abdul Aleem Aleem, CE/Secretary General, OICCI. The technical Anomaly Committee will be chaired by Asif Haroon, AF Fergusons & Co. Karachi while Dr Najeeb Ahmad Memon, Member (IR-Policy), FBR and Wajid Ali, Member (Customs-Policy), FBR shall be Co-Chairperson of committee. The members of committee includes Anwar Kashif Mumtaz, President, Pakistan Tax Bar Association, Karachi, Rubina Ather, National Tariff Commission, Muhammad Ashfaq, Joint Secretary, Commerce Division, Ghulam Mustafa Qazi, President, ICMAP, Habib Fakhruddin CA, Rawalpindi, Abdul Qadir Memon, former Patron-in-Chief, APTBA, Asif Ali, former President, Balochistan Tax Bar & SVP P, Advocate Muhammad Azam, SVP, PTA, Peshawar, Muhammad Raza, AF Ferguson & Co. Karachi and Khalid Mehmood, KPMG. Copyright Business Recorder, 2025
Time of India
28-05-2025
- Health
- Time of India
City zoo, lion safari to reopen today after two weeks of closure
Lucknow: After about two weeks of closure following bird flu scare, Lucknow zoo and Etawah Lion Safari will reopen for visitors on Thursday. However, the zoos in Kanpur and Gorakhpur will remain closed for yet another week till June 3, as some of the inmates have tested positive for H5N1 ( avian influenza virus). The three zoos in UP, including Gorakhpur, Kanpur and Lucknow zoo and lion safari, were closed for a week on May 14 as a precautionary move, after a tigress, Shakti, died of bird flu in Gorakhpur zoo on May 7. On May 21, the closure was extended for another week, until May 27. While closure of Gorakhpur and Kanpur zoo was extended on Tuesday the decision on reopening Lucknow zoo and lion safari in Etawah was taken on Wednesday. Nawab Wajid Ali Shah Zoological Park Lucknow director Aditi Sharma said: "As per the order from principal chief conservator of forests, wildlife since there are no cases related to bird flu in Lucknow zoo and all the wild animals are healthy and safe, the zoo will reopen on Thursday."
Yahoo
07-05-2025
- Business
- Yahoo
Lumentum Holdings Inc (LITE) Q3 2025 Earnings Call Highlights: Surpassing Expectations with ...
Q : How is Lumentum tracking towards the $500 million revenue target by the end of the calendar year? A : Michael E. Hurlston, CEO, confirmed that Lumentum is on track to achieve the $500 million revenue target by the end of the year. The company is guiding a quarter at a time but remains confident in reaching this goal. The company is experiencing supply constraints in telecom products, which are expected to persist for the next several quarters. Despite ramping capacity, Lumentum Holdings Inc ( NASDAQ:LITE ) is unable to satisfy demand for narrow line width lasers for the balance of the calendar year. The company faces a 100 basis point reduction in overall gross margin due to higher material costs and tariffs on shipments to U.S. destinations. The company introduced the R300 optical circuit switch, which is expected to improve scalability and efficiency in AI clusters and intra data center networks. Lumentum Holdings Inc ( NASDAQ:LITE ) is ramping production in CW lasers for silicon photonics transceiver applications, with expectations of increased shipments. The company set a record for EML chip shipments and remains on track to more than double this business by the end of calendar 2025. Revenue in the Cloud and Networking segment grew 8% sequentially and 16% year-over-year, fueled by robust demand from hyperscale cloud customers. Lumentum Holdings Inc ( NASDAQ:LITE ) exceeded the high end of their guidance for both revenue and EPS in Q3, driven by strong demand from cloud customers. For the complete transcript of the earnings call, please refer to the full earnings call transcript . Story Continues Q: Can you provide an update on the datacom chip business and expectations for CW lasers? A: Michael E. Hurlston, CEO, stated that the company is tracking well with increased capacity in indium phosphide fabs. Demand for EMLs is outstripping supply, and there is room to add CW lasers to the mix, which extends the serviceable market. The focus remains on EMLs due to differentiation and pricing opportunities. Q: What are the assumptions around the tariff headwind, and how is production shifting from China to Thailand? A: Wajid Ali, CFO, explained that the 100 basis point headwind is due to increased component costs and tariffs. Production is being moved from China to Thailand, starting with data center interconnect products, and this shift will continue to reduce the impact of tariffs. Q: What role does Lumentum see in the co-packaged optics (CPO) market, and what is the timeline for its impact? A: Wupen Yuen, Analyst, mentioned that CPO is still some time away from significant impact. The company expects ramp volume in the second half of the next calendar year and is looking to add other components to the CPO ecosystem in the longer term. Q: How is the transceiver business performing, and what is the plan for in-sourcing versus external sourcing? A: Richard Shannon noted that all current products use CW lasers and are externally sourced. The plan is to incorporate internal lasers into transceivers early next calendar year, with a focus on CW lasers for in-sourcing. For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus.
