Day: August 10, 2021

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PolkaFoundry to List on AscendEX

Singapore, Aug. 09, 2021 (GLOBE NEWSWIRE) — AscendEX, a global cryptocurrency financial platform with a comprehensive product suite, is excited to announce the listing of PolkaFoundry token (PKF) under the pair USDT/PKF on Aug 10 at 1 p.m. UTC.

PolkaFoundry is a platform for building borderless and frictionless DeFi and NFT dapps on Polkadot. PolkaFoundry aims to be the most convenient platform for developers to build DeFi and NFT dapps, providing a platform for making dapps easily accessible to mainstream end-users. PolkaFoundry will achieve this by utilizing Polkadot’s interoperability and scalability and integrating various DeFi-friendly services onto the platform. In addition, PolkaFoundry focuses heavily on ensuring the UX and features of their dApps are simple to use, promoting mainstream adoption.

The native token PKF has several utilities, including payment for services and transaction fees in the PolkaFoundry ecosystem and payments for PolkaFoundry’s partners’ services. In addition, PKF is used for staking and governance so users can earn shares of block rewards and participate in the on-chain governance process to earn additional rewards for voting on proposals.

PolkaFundry believes that the most significant barrier to blockchain adoption is the complexity of the UX on most platforms and dApps. The average person has difficulty engaging with crypto projects because many projects did not design their UX’s for mainstream users. Concepts like wallets, private keys, coins, exchanges, etc. require education and can confuse new users leaving many dApps with a small active user base. Polkafoundry has spent years researching dapp UX’s and has used their research to develop the UX built into PolkaFoundry to enable novice users and professionals to access and use the platform easily.

Polkadot promises a fast-growing ecosystem that offers security, scalability, and interoperability, so PolkaFoundry decided to build its platform on it. To enable dapps to port from Ethereum, PolkaFoundry is EMV-compatible. PolkaFoundry’s foundational goal is to bring the benefits of blockchain to the masses by making its products and services accessible to people outside the crypto community.

About AscendEX 

AscendEX (formerly BitMax) is a global cryptocurrency financial platform with a comprehensive product suite including spot, margin, and futures trading, wallet services, and staking support for over 150 blockchain projects such as bitcoin, ether, and ripple. Launched in 2018, AscendEX services over 1 million retail and institutional clients globally with a highly liquid trading platform and secure custody solutions.

AscendEX has emerged as a leading platform by ROI on its “initial exchange offerings” by supporting some of the industry’s most innovative projects from the DeFi ecosystem such as Thorchain, xDai Stake, and Serum.  AscendEX users receive exclusive access to token airdrops and the ability to purchase tokens at the earliest possible stage. To learn more about how AscendEX is leveraging best practices from both Wall Street and the cryptocurrency ecosystem to bring the best altcoins to its users, please visit www.AscendEX.com.

For more information and updates, please visit:

Website: https://ascendex.com

Twitter: https://twitter.com/AscendEX_Global

Telegram: https://t.me/AscendEXEnglish

Medium: https://medium.com/ascendex

About Polkafoundry

PolkaFoundry is a platform for building borderless and frictionless DeFi and NFT dapps on Polkadot. PolkaFoundry aims to be the most convenient platform for developers to build DeFi and NFT dapps providing a platform for them to make dapps that are easily accessible to end-users.

For more information and updates, please visit:

Website: https://polkafoundry.com/

Twitter: https://twitter.com/PolkaFoundry

Telegram: https://t.me/PolkaFoundry

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Marketing Department
AscendEX
marketing@ascendex.com
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Kinesio® Announces the Release of Kinesio® Medical Taping for the Mature Adult

Albuquerque, New Mexico, Aug. 09, 2021 (GLOBE NEWSWIRE) — FOR IMMEDIATE RELEASE

Kinesio Tape is announcing a new focus on Medical Taping for the Mature Adult, though Kinesio and Dr. Kenzo Kase® have been treating this population for more than 40 years.

In his new book, Dr. Kase provides easily relatable scenarios that affect the mature adult community on a daily basis. He draws upon his own experiences in an insightful and interesting way that allows readers to see a glimpse into the mind of the inventor. Kinesio Medical Taping (KMT) techniques were developed in a clinical environment and aim to improve patient outcomes in palliative care while offering visual aides to guide you every step of the way.

This book outlines ways to help provide care for mature adult patients while using a specifically formulated tape that is designed to be gentle but still effective in treating common conditions that the mature adult often faces such as osteoarthritis and diabetic neuropathy. Kinesio Tex Light Touch+ is the only tape of its kind on the market that is specifically formulated to be gentler on the skin while achieving phenomenal results. Dr. Kase’s expertise and over 40 years of valuable experience combined with this specially formulated line of tape is the perfect recipe for maximum impact.

Kinesio Tape is designed and manufactured in the USA, and proudly serves more than 100 countries globally. With the introduction of Kinesio Medical Taping for the Mature Adult, Dr. Kase’s vision to Tape with Wisdom has taken yet another form. With Dr. Kase’s expertise and his many full years of experience traveling the globe and teaching the method, he has already impacted the lives of thousands of people. Kinesio Medical Taping for the Mature Adult will only add to that impact and encourage the mature adult to continue living a healthy, happy, and active lifestyle.

About Kinesio Holding Corporation:  Kinesio Holding Corporation is a U.S. based manufacturer of unique therapeutic tapes that are sold all over the world. The Kinesio Taping® Method is designed to facilitate the body’s natural healing process while allowing support and stability to muscles and joints without restricting the body’s range of motion.  

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Karli Jenkins
Kinesio Holding Corporation
505-797-7818
kjenkins@kinesiotaping.com
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FBR Issues Directives for Inquiry into Suspicious Exemptions Certificates

The Federal Board of Revenue (FBR) has directed the field formations to investigate the issuance of suspicious exemptions certificates.

Sources told ProPakistani that the FBR has issued directions to large, medium, corporate, and regional taxpayers’ offices pertaining to the furnishing of reports on exemptions certificates issued under SRO 717(1)/2014 from withholding tax u/s 148 of the Income Tax Ordinance, 2001.

The SRO reads as follows:

“I am directed to refer to the subject and to state that vide SRO 717(1)/2014 dated August 7, 2014, the board specified the conditions and the manner for issuance of exemption certificates to the exempt import of raw materials from the operation of provisions of Section 148 of the Income Tax Ordinance, 2001 for industrial undertakings for their own consumption SRO 717(1)/2014 remained in the field till June 30, 2020, when the entire import-stage taxation regime was overhauled.”

The SRO, when in the field, mandated every Chief Commissioner Inland Revenue (CCIR) to furnish a report to the Board on the correctness, propriety, and validity of the Exemption Certificates (ECs) issued on a six-monthly basis. However, it appears that the CCIRs’ oversight on the process of ECs u/s 148 of the I.T.O. 2001 has apparently neither been at the desired level nor have the six-monthly reports been submitted, it added.

“Accordingly, I am directed to request all CCIRs to conduct an examination of all suspicious ECs issued by their formations during TY 2020 viz-a-viz the “conditions” and the “manner” specified in SRO 717(1)/2014 and furnish a report to the Board by August 31, 2021,” the SRO added.

Source: Pro Pakistani

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PTA Authorizes Lucky Motor Corporation to Manufacture Samsung Mobile Devices

In accordance with Mobile Device Manufacturing (MDM) Regulations 2021, PTA has issued MDM authorization to Lucky Motor Corporation Limited for manufacturing of Samsung brand mobile devices.

The company had applied for authorization to set up a mobile device manufacturing plant in Karachi, Pakistan where it will manufacture Samsung brand mobile devices.

The authorization to manufacture Samsung Mobile devices in Pakistan is a landmark achievement and will further revolutionize the vibrant mobile manufacturing ecosystem in the country by ensuring the presence of major local and foreign players in the market.

This is possible only due to the conducive policies of the Government of Pakistan in its “Digital Pakistan” endeavor.

PTA has so far issued MDM authorizations to 25 foreign and local companies for the production of mobile devices (2G/3G/4G) locally. Mobile devices manufactured by these companies shall not only be sold in the country but will also be exported to other competitive markets of the region and beyond. The device manufacturing plants shall be instrumental in creating new job opportunities as well as enabling the affordability of mobile devices for Pakistani users.

The detail of all MDM Authorization holders is available on PTA website.

Source: Pro Pakistani

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Govt Approves Historic Package for IT and Telecom Sector

The government resolved the longstanding issues and approved massive incentives for the information and telecom sector on Tuesday.

The federal Minister for Information Technology and Telecom (IT&T), Syed Amin ul Haque met the federal Minister for Finance, Shaukat Tarin where the breakthrough was made.

While talking to ProPakistani, Minister, Amin ul Haque said, “I am pleased to apprise our industry that the Finance Minister has approved a fund to provide Cash Rewards to IT/ITeS companies against the trade surplus of their exports of products and services from Pakistan. This was a long-standing demand of P@SHA”.

He said that one percent of the IT/ITeS industry annual export remittances will be allocated to the PSEB every year to carry out HR skills development, capacity enhancement of IT companies, branding/marketing and business development, and establishment of software technology parks across Pakistan.

While commenting on the IT industry regarding the tax matters, the minister expressed his gratitude to Minister Tarin for agreeing to form a high-level, high-powered dispute resolution committee for the quick resolution of any tax-related disputes of the IT/ITeS industry.

He noted that the long-standing demand of the IT industry has been addressed, and stated that as per the directions of the Minister for Finance, the FBR will revise and expand the tax definition of the IT/ITeS industry in consultation with the IT industry to ensure the coverage of all the IT and ITeS sub-sectors.

He was also thankful to the Minister for Finance for agreeing to undertake steps to facilitate foreign-owned companies operating in Pakistan with outbound remittances, and the Advisor to Prime Minister, Razak Dawood, for supporting the proposals of the Ministry of IT&T.

Minister Amin Ul Haque added that the directions for the resolution of the profit repatriation issues for multinational technology companies had been given by Minister Tarin.

“These steps will help attract FDI towards Pakistan’s tech sector, enable high-worth job growth, and enhance export income for the country,” he remarked.

Additionally, steps for the Special Foreign Currency Accounts were agreed upon today to facilitate the opening of foreign currency accounts under the FCA regime for the IT/ITeS industry, startups, and freelancers.

Source: Pro Pakistani

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Kamyab Pakistan Program to Bring 3 Million Families Out of Poverty

The federal Minister for Finance and Revenue, Shaukat Tarin, held a meeting with the Special Assistant to the Prime Minister (SAPM) on Social Protection & Poverty Alleviation, Dr. Sania Nishtar, at the Finance Division today.

The SAPM commended the Kamyab Pakistan Program (KPP) for providing relief to the underprivileged segments of society through better financial empowerment opportunities and affirmed full support and facilitation on the occasion.

Minister Tarin stated that the KPP is based on the concept of a “bottom-up” approach as envisaged by the Prime Minister. Its beneficiaries will enjoy easy access to agricultural and business loans at zero-mark up without collateral.

Moreover, the KPP will provide a low-cost housing scheme for lower-income groups, enabling them to own houses. Thus, it will promote financial inclusion.

Furthermore, the proposed program is one of the largest of its kind in the world.

It will also bring at least three million families out of the vicious cycle of poverty within the next three to five years, with Rs. 1,600 billion to be disbursed through different products of KPP, Minister Tarin added.

He also gave a briefing about the basic parameters of the KPP and underlined that the NSER of the Ehsaas program is the premise on which the whole program is based and shall ensure transparency in the disbursement of funds and provision of microloans to the targeted households accurately.

During the meeting, Minister Tarin informed the SAPM that the prospective beneficiaries will only be accessed through the Ehsaas NSER database for the sake of transparency.

Source: Pro Pakistani

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