Web Desk — Pakistani tea lovers may face a possible tea shortage before the arrival of Ramadan due to a significant decline in the import of tea leaves in recent months. Pakistan Tea Association’s report says that the import of tea leaves has decreased by 52% in just two months, with only 11,940 tons of leaves imported in February compared …

Web Desk — Due to higher interest rates, the passenger car sales had a massive decline of around 80% YoY in February 2023, clocking in at 3,642 units compared to 18,054 units recorded in the same month last fiscal year. State Bank of Pakistan raised the interest rate to 20% to curb auto imports and cost-led price hikes, the latest …

Web Desk — Pak Suzuki Motor Company’s (PSMC), sales have hit a record low due to insufficient inventory and import restrictions for the second time this year. According to the latest updates gathered from the auto market, Pak Suzuki sold fewer than 1,000 units in February. This is Suzuki’s worst performance since countrywide COVID-19 lockdowns in April 2020. The report …

Web Desk — The Honda bike prices in Pakistan have once again gone up due to the rampant depreciation of the rupee against the dollar. This time Atlas Honda has increased prices by as much as Rs. 25,000. Effective immediately, the new Honda bike prices are as follows: Bike sales and profits are drowning as a result of recent production …

Web Desk — Lionel Messi wins the ‘Best FIFA men’s player prize 2022’ following his World Cup victory. Argentina and Spain’s Alexia Putellas retained the women’s award at the same ceremony held in Paris. Kylian Mbappe and Karim Benzema were the strong contenders but Messi beat them and won the prize. National team coaches and captains, journalists, and also fans …

Web Desk — Global logistics company DHL on Monday announced to suspend some of its operations partially in Pakistan due to restrictions on outbound remittances by the government. DHL Pakistan has informed customers that it will suspend ‘Import Express Product’ and restrict outbound shipments to a maximum weight of 70kg per shipment for all customers billed in Pakistan from March …

Web Desk — Fendi, Dolce & Gabbana, Gucci and Missoni are among Italy’s top labels showing at Milan Fashion Week, with the industry buoyed by bumper sales results despite war-fuelled economic uncertainty. Kim Kardashian, American megastar, is expected to bring some celebrity stardust at an event hosted by D&G to celebrate her Ciao Kim line, which had its debut in …

Web Desk — Honda is developing a motorcycle crash detection system that can call emergency services, a report from Cycleworld says. According to the report, the system will use bike, phone, and Bluetooth headset sensors, providing “higher resolution” than the industry currently offers to help first responders act promptly in case of an emergency. The data from these sensors will …

Web Desk — After Honda, Yamaha has also announced a price increase of 2023 for all its motorcycles. This is Yamaha’s first price increase in the current year. The last announcement of the price increase was made in December. The price of Yamaha motorcycles has been increased by up to Rs. 3,500. With Effect from February 21, 2023, the new …

Web Desk — Continued shortage of inventory has led the Pak Suzuki Motor Company Limited (PSMC) to extend the shutdown of its automobile plant from February 20, 2023, to February 21, 2023, the company filing on PSX has shown. However, the motorcycle plant will remain in operation during this period. The company announced this decision in a letter sent to …