Business

Web Desk — The Federal Board of Revenue (FBR) and the United States of America (USA) Islamabad embassy officials discussed new tax provisions for the beverage industry. According to a press release, the FBR chairman Mr. Asim Ahmad highlighted the areas of cooperation between the two countries in the field of trade and business facilitation. There were representatives of various …

Web Desk — The continuous free fall of the Pakistani Rupee against dollar has triggered a new series of price hikes that are destroying masses purchase power. Getting impacted by the rupee downfall, Honda bike prices have been increased by as much as Rs.35,000. Effective as of February 15, the price of new Honda bikes are as follows: With multiple …

Web Desk — Nokia’s much-awaited X30 model, unveiled last September, will soon be launched in India. HMD Global’s Vice President for India & MENA Mr. Sanmeet Kochhar shared this on Twitter. He said the 5G smartphone is “coming soon to India” without being specific about the launch time frame. Powered by the Snapdragon 695 SoC, the Nokia X30 runs Android …

Web Desk — Atlas Honda brings the most affordable offer for Pakistani bike lovers by offering all Honda Motorcycles in easy installments. According to credible news sources, Honda Atlas, in partnership with Daraz, is going to launch a year-long installment plan on its bikes. Keeping in mind the soaring Honda motorcycles’ price and demand, Pakistan’s top motorcycle brand is trying …

Web Desk — Daraz Group, Chinese e-commerce giant Alibaba subsidiary, is going to reduce its workforce by 11 percent to prepare for the ‘current market reality’. The group CEO Bjarke Mikkelsen shared this information with employees in his letter on the company website. Mikkelsen cited multiple issues for taking this difficult decision. He said the difficult market environment, with a …

Web Desk — In yet another shock to car lovers, Honda Atlas Cars Limited (HACL) has increased its car prices for the second time in two weeks. According to the company, mounting inflation and local currency depreciation led them to increase their prices. The new Honda Car prices are as follows:

Web Desk — Auto players and vendors are in a state of paralysis due to severe paucity of foreign exchange and supply issues in parts. Pakistan Automotive Manufacturers Association (PAMA) and Pakistan Association of Automotive Parts and Accessories Manufacturers (PAAPAM), in a joint letter, informed State Bank of Pakistan Governor Jameel Ahmed that the industry was facing immense problems as …

Web Desk — Pakistan’s top telecom sector’s Chief Executive Officers (CEOs) have warned the government that Pakistan may soon turn into a nightmare of a ‘digital catastrophe’ in case ‘precautionary measures’ are not taken. Aamir Ibrahim, CEO of Jazz, Irfan Wahab Khan, Chief Executive Officer, Telenor Pakistan, and Hatem Bamatraf, President and Group CEO, PTCL & Ufone, in a series …

Web Desk — The continuous free fall of the Pakistani Rupee has compelled companies to increase the prices of their products. Pakistan’s famous motorbike maker Atlas Honda is also among such companies and it has increased the bike prices by as much as Rs. 30,000. Given the recent production hiccups, bike sales and profits have suffered a lot. Honda announced …

Web Desk — The Faisalabad Development Authority (FDA) is going to give away smart cards to property owners in February. FDA Additional Director General Abid Husain Bhatti made this announcement during a meeting that reviewed the progress of digitizing the property records of FDA-controlled housing colonies and commercial markets. The ADG stated that these smart cards will be highly durable …