Business

Web Desk — Famous mobility, ride-hailing, and delivery app ‘Bykea’ was briefly hacked by Indian hackers after users started receiving highly inappropriate text messages abusing Pakistan. The company now claims that the app has been restored and is fully functional and safe to use. In a statement, the company apologized for the inappropriate messages sent through Bykea. The management said …

Web Desk — Lahore-based motorcycle assembler and manufacturer the United Autos has recently introduced the most affordable US150, a 150cc motorcycle, at just Rs. 270,000. The price makes it the most economical 150cc motorbike available in the country. US150 Motorcycle Design & Specifications The design of the US150 seems an inspiration from the popular Honda CB150F. It has the same …

Web Desk — For non-filers, the federal budget 2023-24 is going to go very tough as the government has proposed to double the Withholding Tax (WHT) for nonfilers on buying and selling property. A proposal of Rs700 billion in new taxes is included in the forthcoming budget for the fiscal year 2023–2024. The government decided to set the Federal Board …

Web Desk — The government is likely to bring the banking sector under heavy taxation in the 2023-24 budget as Islamabad looks for easy sources of revenue in a fiscally challenged environment, said a report published in Daily Dawn on Thursday. In the report, the head of research at JS Global Amreen Soorani was quoted as saying that the 2023-24 …

Web Desk — Having made impressive gains in digital banking, the State Bank (SBP) is going to launch Pakistan’s Digital Currency in the future. The launch of digital currency will surely be a major step towards Digital Pakistan, though its adoption requires tough regulations. Digital currency will intercept Pakistan’s physical currency in many ways by cutting the cost of financial …

Web Desk — Pakistan’s auto industry, since May 2022, has been on a constant decline in terms of production, sales, and revenue due to restrictions on automotive imports. Honda Bike Sales According to an autojournal.pk report, there was a significant decline in bike sales in April 2023. However, Atlas Honda sold over 73,528 units, witnessing a 2.4% Month over Month …

Web Desk — Huawei’s latest smartwatch, the Watch 4 series, is going to bring about a revolutionary change in the life of diabetic patients. The new watch offers a unique feature that delves into the user’s blood sugar health, all without the need for blood samples. With this achievement, Huawei surpasses Apple in this realm and sets a new standard …

Web Desk — Pakistani airline AirSial will now be operating flights from Pakistan to Muscat, the capital city of Oman. Oman’s Civil Aviation Authority (CAA) has given the green light to AirSial to commence its operations. An official CAA approval has been given to AirSial to operate flights connecting three major Pakistani cities to Muscat International Airport. AirSial will offer …

Web Desk — The International Monetary Fund (IMF) resident representative in Islamabad says Pakistan’s external financing requirements have not been changed in talks with the IMF over bailout funds, denying local media reports that the Fund was demanding fresh financing. Esther Pérez Ruiz, in a text message to Reuters, said there was no truth to reports that the IMF is …

Web Desk — The Federal government, in an important development, assures the International Monetary Fund (IMF) that it would not implement the fuel subsidy plan. The assurance has been given as the two sides negotiate a pending $1.1 billion bailout package for the country. According to Bloomberg News, the IMF pledged to continue negotiations with the government on the long-delayed …