Web Desk — PayPal announced Saturday that it was suspending service in Russia in response to its invasion of Ukraine, adding to the list of firms retreating from the country. In a letter to the Ukrainian government, PayPal CEO Dan Schulman said: “Under the current circumstances, we are suspending PayPal services in Russia.” Ukraine’s minister of digital transformation, Mykhailo Fedorov, …

Web Desk — World’s top car-maker Honda has launched The All-New 2022 Honda Civic Sensing worldwide including Pakistan. The all-new 2022 Civic Sedan is a modern expression of Honda’s human-centered design philosophy. In Pakistan, this is Honda’s 11th Generation of Civic launched on 5th March 2022. Specifications: High-Resolution Navigation Screen. Equipped with an exceptional navigation screen evolved from previous generations …

Web Desk — Following the Russian invasion of Ukraine, experts believe that inflation in Pakistan is expected to rise further.According to Pakistan Business Council (PBC) CEO Ehsan Malik, Pakistan was already struggling to deal with the surge in global commodity prices, and the conflict between Russia and Ukraine would exacerbate the problem. He said, “We saw Brent crude oil cross …

Web Desk — According to the White House, the United States and its allies have agreed to block select Russian banks from using SWIFT, a global financial messaging system. In a joint statement with leaders of the European Commission, France, Germany, Italy, the United Kingdom, and Canada, the officials said excluding Russia from SWIFT means that “these banks are disconnected …

Web Desk — The Track & Trace System (TTS) will help in bringing transparency to the tax collection process, said FBR’s Project Director TTS Tariq Hussain Sheikh at a symposium held on the implementation of TTS in the fertilizer sector. As a result of the prior implementation of the TTS in the sugar sector, the majority of companies have already …

Web Desk — After bad quality cooking oil, bread and confectionary items, cheap Iranian dairy goods have occupied place in the Pakistani markets. Pakistani buyers might be benefiting from these minimal expense Iranian merchandise, yet the local producers are exceptionally enraged over the rising presence of smuggled Iranian dairy items. CEO Pakistan Dairy Association (PDA) Dr Shehzad Amin says the …

Web Desk — Bollywood King Shah Rukh Khan (SRK) is currently busy shooting for his upcoming film ‘Pathan.’ His latest picture from the set of Pathan is breaking records of popularity on social media. In the picture, SRK can be seen in a casual look with his hair tied up in a ponytail. The actor being his charismatic self is …

Web Desk — To enhance digital financial inclusion in Pakistan, the State Bank of Pakistan (SBP) has approved in principle the grant of an Electronic Money Institution (EMI) license to ‘Hubpay’ – a financial technology firm. With the central bank’s approval, Hubpay becomes the first fintech with an international license to receive an in-principle approval in Pakistan to hold the …

Web Desk — The carmakers are finding ways to entice customers with updated models after a noticeable 30% drop in passenger car sales in January 2022 due to higher prices, rising interest rates, and pre-buying in December 2021 in anticipation of tax measures announced in the mini-budget. One or more of the reasons that propelled the upward swing in 1HFY22 …

Web Desk — The Federal Board of Revenue has announced a lower rate of general sales tax on petroleum products to maintain competitive prices for consumers. According to a sales tax SRO 183(I) of 2022 released on Thursday, the lowest GST rates were notified to pass the minimum increase onto consumers. GST is charged at a standard rate of 17 …