Web Desk — Blaming the rising import cost of parts amid the massive depreciation of the Pakistani rupee, Pak Suzuki Motor Company (PSMC) has posted a net loss of Rs460.2 million for the first quarter ended March 31, 2022.  According to a statement sent to Pakistan Stock Exchange (PSX) on Tuesday, the company posted a net profit of Rs777.9 million in …

The Pasoori fever is still alive as the Coke Studio 14 track debuted at the 161st spot on global Spotify charts with over 736,000 streams, surpassing Senorita by Shawn Mendes and Die for You by The Weeknd, among several others. The song stands mere streams away from topping Dance Monkey by Tones and I, Something Just Like This by Chainsmokers …

Web Desk — Tesla Inc., the US electric vehicle manufacturer, is welcome to set up shop in India, sell its cars there, and export them, but must not import vehicles from China, India’s transport minister said on Tuesday. Making in China and selling here is not a good idea, Nitin Gadkari said at a government conference. Elon Musk, Tesla’s billionaire …

Web Desk — On the occasion of World Earth Day, Jazz has committed to be a Net zero emitter of carbon by 2050. While the World Earth Day is being celebrated, it is essential for us to understand that responding to climate change is not an option anymore; in fact, there is a climate emergency which needs to be addressed, …

Web Desk — The e-Pay Punjab, an online payment solution and a joint initiative of the Punjab Information Technology Board (PITB) and the Punjab Finance Department, has collected over Rs. 80 billion in tax revenue through 15 million transactions to date. This was informed during a progress review meeting held at Arfa Software Technology Park on Wednesday. While chairing the …

Pakistan Telecommunications Authority (PTA) expressed concern over the decision to ban cryptocurrency trading in the country. In a high-level meeting, the State Bank of Pakistan (SBP), Securities and Exchange Commission of Pakistan (SECP), and the Ministry of Information Technology and Telecommunication had proposed a ban on crypto-based transactions. According to the PTA, such a measure may adversely affect several other …

Web Desk — The Federal Board of Revenue (FBR) plans to conduct physical surveys of selected undocumented sectors as part of its new tax reform plan. As part of the reform plan, the FBR will examine methods to verify the accuracy of informal economy reporting. As part of this reform action, FBR will identify ways in which income reporting can …

Web Desk — Serena Williams, after the exceptional success of “King Richard” wants to make the film’s sequel focusing on her personal story, IndieWire has reported. The Oscar-winning Warner Bros. film depicts Venus and Serena Williams’ rise to tennis stardom. ‘King Richard,’ according to producer Williams, had the perfect ending with Venus on the tennis court. However, there is definitely …

Web Desk — Faysal Bank Limited & TPL Life Insurance (Window Takaful Operations) have recently signed an agreement for strengthening their existing partnership further besides introducing a Women-specific Takaful coverage proposition for Faysal Islami Amal Women’s Account holders. Women, under this plan, will get coverage for major critical illnesses, and the benefit of income continuation, along with unlimited online health …

Web Desk — Elon Musk, who wants to buy Twitter for $43 billion, expresses doubt that he will be able to acquire it. Musk said while speaking at the TED2022 conference in Vancouver, “I am not sure that I will actually be able to acquire it.” On Thursday, the world’s richest man offered a $43 billion bid for the entire …