Pakistan: proving identity mandatory for making purchases
[Islamabad] The Federal Board of Revenue has made it mandatory: ordinary citizens have to show Computerized National Identity Card (CNIC) in case of making purchases of over Pakistan rupees 50000 (US$312). In the case of a female buyer, the CNIC of her husband or father will be considered valid for the purchases. However, the condition […]
Alibaba buys newspaper to ‘improve China’s image’
Chinese e-commerce giant Alibaba has confirmed that it’s agreed to buy Hong Kong English-language newspaper “South China Morning Post”, similar to Amazon CEO Jeff Bezos’s $250 million buyout of The Washington Post. The deal is worth just over HK$2 billion, or about $266 million, and includes other SCMP Group properties like the Hong Kong editions […]
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