Business

Web Desk — The Pakistan Telecommunication Company Limited (PTCL) is all set to buy Telenor Pakistan – a cellular and digital services provider. According to media reports, PTCL is eyeing to buy Telenor at a possible price range of $800 million to $1.2 billion. The PTCL’s board of directors approved the decision to acquire majority shares of Telenor and is …

The assembler and seller of Toyota-brand vehicles in Pakistan, Indus Motor Company (IMC), increased the prices of its cars for the second time in January 2023 following the massive rupee fall against the dollar. According to the IMC notification, there will be an increase of Rs1.16 million in the prices of its vehicles. The price of Corolla 1.6 CVT has …

Web Desk — Giving us a glimpse of its potential, Pakistan’s IT sector has shown consistent growth over the last few years. Umair Azam, the founder and CEO of Integration Xperts, said, “Support from the government and the academia towards improving ease of doing business, tax concessions, promoting research and development, and producing skilled human resources can do wonders for …

Web Desk — The official release date for the Samsung Galaxy S23 has finally been announced. The launch date for Samsung Galaxy S23 will be February 1, 2023. The Samsung flagship phone Galaxy S23 will cost $799(Rs.182,000) (8 GB/128 GB) but the Galaxy S23 Ultra(1 TB/12 GB) will costs around $1499(Rs.342,000). S23, like all the imported phones, will have heavy …

Web Desk — The State Bank of Pakistan (SBP) issues no-objection certificates (NOCs) to Easy Paisa DB, Hugo Bank, KT Bank, Mashreq Bank, and Raqami — for establishing digital banks. The SBP, in January last year, introduced a Licensing and Regulatory Framework for Digital Banks in line with international best practices. With a view to introducing full-fledged digital banks, the …

Web Desk — It may be good news for small car users that the government has reduced customs duty on the import of equipment for small vehicle assembly. The revenue division’s notification in this regard has also been issued. According to the notification, the customs duty for the assembly kits of 1000cc cars or smaller engines has been reduced from …

Web Desk — Citing the uncertain economy, Amazon will cut more than 18,000 jobs from its workforce. The online retail giant is going to cut its workforce as it hired rapidly during the pandemic. CEO Andy Jassy said, “Between the reductions we made in November and the ones we’re sharing today, we plan to eliminate just over 18,000 roles.” Amazon …

Web Desk — Existing since 1960, energy drinks have a colossal market. Before entering America, energy drinks first became popular in Asia and Europe. With the passage of time multiple energy drink brands have been introduced but Red Bull, however, has always stood out. With caffeine and added energizing ingredients including taurine and vitamin B, Red Bull has been a …

Web Desk — While admitting there were some some “unannounced restrictions” as the government seeks to limit dollar outflow, the State Bank of Pakistan (SBP) has dismissed reports that it had withheld payments to Google, the telecom industry and other stakeholders. The Central Bank of Pakistan had to give an explanation as confusion prevailed over the SBP’s alleged decision to …

Web Desk — It is the best time to start your holiday shopping as Black Friday is finally here. You’re almost guaranteed to find your favorite laptops, TVs, speakers, tablets, wearables, and much more at the best prices. For example, you can find the best deal on AirPods Pro, which are on sale for $200 for Black Friday. As usual, …