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Arab News
19-07-2025
- Business
- Arab News
Pakistani tech firms urge 10-year tax stability, one-window compliance to ‘supercharge' exports
KARACHI: Pakistan can unlock billions in tech investment if it gives investors predictable taxes, friction-free remittances and a single digital compliance experience, the Pakistan Software Houses Association (P@SHA) said on Friday. P@SHA said it presented a 'Continuity & Consistency reform package' to the Ministry of Finance earlier this year, laying out a small number of high-impact changes that would slash compliance costs, bring tens of thousands of remote digital workers into the formal tax net, and catalyze both domestic and foreign investment into Pakistani tech firms. The requested changes are not subsidies; they are predictability, digitalization, and administrative simplification. Most steps can be budget-neutral or revenue-positive once increased documentation, broadened compliance, and higher recorded export flows are taken into account. 'Every serious investor, local or international, asks the same two questions: What will my tax exposure be, and will the rules change after I invest?' P@SHA Chairman Sajjad Syed said. 'Right now, innovators spend too much time navigating overlapping regimes and too little time building export-earning products. If we hard-code continuity and make compliance near effortless, capital will move to Pakistan.' Pakistan tech firms have been demonstrating their growing potential in the IT sector by showcasing their products and services at global forums, including the LEAP tech conference in Riyadh and GITEX global exhibition in Dubai. Pakistan recorded monthly IT exports of $338 million in June, up by 14% year on year and by 3% month on month, according to Karachi-based Toplines Securities brokerage and market research firm. This took Pakistan's annual IT exports to $3.8 billion, up by 18% YoY, in the outgoing fiscal year that ended in June. In its statement, P@SHA urged continuation of the 10-Year Final Tax Regime (FTR) on information technology/IT-enabled services (IT/ITeS) export income, removal of discrepancies in tax rates where Pakistani IT companies get penalized for running payrolls from Pakistan, exemption of the Capital Gains Tax to secure investor's confidence among other measures. The association proposed joint working sessions with the Federal Board of Revenue, Ministry of IT & Telecom, State Bank of Pakistan, National Tax Council, and provincial revenue authorities to translate its proposed reforms package into draft language, digital filing flows, and phased rollout milestones, recommending immediate start of technical work. 'Pakistan stands at an inflection point: with its young talent base, global client footprint, and expanding startup ecosystem, the country can compete for high-value digital work, if investors trust the rules,' it said. 'P@SHA urges policymakers to seize this moment to send that signal.'
Asharq Al-Awsat
11-07-2025
- Business
- Asharq Al-Awsat
Huawei Eyes Greater Role in Brazil Data Center Market
Chinese tech giant Huawei is interested in strengthening and improving its capacity as a supplier of data center solutions, it said in a statement to Reuters on Thursday, clarifying that it did not intend to invest directly in data centers. Reuters had reported on Wednesday that Huawei was interested in Brazil's data center market but was waiting on the government to roll out a tax-break plan. "We want the government to implement these incentives, which are good for the country, and the time has to be now," Atilio Rulli, Huawei vice president of public relations for Latin America and the Caribbean, told Reuters. The government's plan to dole out tax breaks for tech investments in Brazil is set to be sent to Congress soon, a finance ministry adviser said last month. Latin America's largest economy is looking to establish a foothold in the fast-growing data center industry, pulling from its ample renewable energy. The country is already courting major investments from firms such as ByteDance, TikTok's Chinese parent company, Reuters has reported. Huawei could provide connectivity, storage and energy for data centers, Rulli said, speaking on the sidelines of an event hosted by state development bank BNDES. "Huawei continues to follow the incentive policy being conducted by the Ministry of Development, Industry, Trade and Services, and when in force, will continue to contribute reliable, scalable and sustainable solutions to accelerate the digital transformation in Brazil and Latin America," Huawei said in the statement on Thursday.
Globe and Mail
10-05-2025
- Business
- Globe and Mail
2 No-Brainer Artificial Intelligence (AI) Stocks to Buy Right Now
Many investors are watching large tech companies invest massive capital into artificial intelligence (AI) infrastructure. The big question is when, or even if, there will be an adequate return on those investments. There are even concerns that massive capital allocation plans already announced may be cut or pushed out. But there are more and more signs that spending is continuing and even accelerating. If that indeed remains true, two of the biggest beneficiaries of that spending are no-brainer stocks to buy right now. Where to invest $1,000 right now? Our analyst team just revealed what they believe are the 10 best stocks to buy right now. Continue » "A ton" of AI data center demand Currently, one of the main recipients of that capital is Nvidia (NASDAQ: NVDA). Its high-end chips are filling server stacks in many data centers being built globally. As a result, the AI boom has been of game-changing benefit to Nvidia and its investors. The stock has been under pressure, though, as questions surface about demand from a slowdown in AI infrastructure spending, and regulatory headwinds in the form of export restrictions. The concerns related to capital spending may be overblown. Jonathan Gray, chief operating officer of asset manager Blackstone, recently told CNBC: "I think this trend is powerful. I think it will we still see a ton of demand." That's great news for Nvidia investors and supports what large Nvidia customers like Meta Platforms, Microsoft, and Amazon have been saying about maintaining, or even growing, their capital spending plans. Export curbs could be more problematic for Nvidia. Management already said Nvidia plans to take $5.5 billion in charges after the Trump administration declared limits to exports and required licensing for Nvidia's H20 AI chip sales to China. That chip was a modified product created specifically to comply with previous regulations for China shipments. The China picture might be improving China is an important market for Nvidia. Concerns surrounding that business are a big reason why Nvidia shares have declined this year. Sales there represented 13% of total revenue last year. That was down from 17% in the prior fiscal year, though, showing that Nvidia isn't overly reliant on Chinese customers. Recent reports say that President Donald Trump may even be ready to relax AI chip export curbs, too. Just as Biden-era export restrictions are getting ready to go into effect, Trump reportedly will overturn those rules. Potential rules and regulations going forward remain unclear, but the effect on Nvidia's business may already be priced into the stock. The takeaway is that investing in the AI leader should still make sense, especially as the stock has pulled back this year. With Nvidia's business still flourishing, investors could also look to its biggest supplier for a winning investment right now. Another global AI leader Taiwan Semiconductor (TSMC) (NYSE: TSM) also considers Nvidia one of its most important customers. TSMC supplies semiconductor products, including microprocessors, graphics processing units (GPUs), microcontrollers, and other specialty and advanced technology packages. Nvidia is one of several big tech companies reliant on TSMC, but the Taiwan-based company has a diverse customer base. It supplied products to more than 500 customers last year. Demand for its services is surging. Revenue soared 42% in the first quarter, and profits surged even more. Net income and diluted EPS (earnings per share) soared 60% year over year. That rapid growth is expected to continue. Management expects year-over-year revenue to jump another nearly 40% in the current quarter. Yet, as with Nvidia, investors have pushed TSMC shares down by more than 10% year to date. That's led to a very desirable valuation. The stock now trades at a forward price-to-earnings ratio below 20. Nvidia and TSMC stocks have both been beaten down due to concerns about slowing growth. Yet based on customer demand and tech companies' recent comments, the rise in AI development has not become a bubble. Even if capital spending on data center buildouts does slow, that doesn't present the full picture either. AI also includes software that is likely going to run in almost every device for both consumers and many enterprises. Taking that broader view should make most investors comfortable owning both Nvidia and TSMC at recent valuations. Don't miss this second chance at a potentially lucrative opportunity Ever feel like you missed the boat in buying the most successful stocks? Then you'll want to hear this. On rare occasions, our expert team of analysts issues a 'Double Down' stock recommendation for companies that they think are about to pop. If you're worried you've already missed your chance to invest, now is the best time to buy before it's too late. 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The Motley Fool has positions in and recommends Amazon, Blackstone, Meta Platforms, Microsoft, Nvidia, and Taiwan Semiconductor Manufacturing. The Motley Fool recommends the following options: long January 2026 $395 calls on Microsoft and short January 2026 $405 calls on Microsoft. The Motley Fool has a disclosure policy.
