Business

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 …

Web Desk — Atlas Honda — Pakistan’s biggest two-wheeler producer — has increased prices of its motorcycles for the fourth time this year. With the recent price hike, the Honda motorbikes will be costlier by Rs5,000-15,000. The company has sent a notification to its dealers all across Pakistan for the implementation of new prices from May 1 onwards. As new …

Web Desk — If you are fond of gaming and searching for the best gaming phone in 2023, you are just a step away from your destination. Let’s give you the good news that your dream gaming device ROG Phone 7 and ROG Phone 7 Ultimate are ready to be launched. With these phones, mobile phone gaming will just be …

Web Desk — Honda Atlas Cars Limited (HACL) has been the prime victim of the troubles the auto industry has been facing in recent months in Pakistan. According to an update from autojournal.pk, Honda Atlas couldn’t sell even a single unit of its flagship sedan last month, bringing down the total sales significantly. Under present circumstances, Honda has decided to …

Web Desk — Evee C1 electric scooter will now be running on Pakistani roads as the company has announced its booking soon. According to the company, Evee will resume the bookings for C1 electric scooter from April 10. The company will start taking orders from across Pakistan for the e-scooter. C1 offers a decent value as compared with other bikes …

Web Desk — Due to the continuous deterioration of the economy, there seems to be no end to the automotive industry’s troubles. Honda Atlas, in a recent unfortunate development, has decided to extend the production shutdown to 15 more days. According to the official notification, supply chain disruption due to the deterioration of the economy, as well as restrictions on …

Web Desk — Pakistani tea lovers may face a possible tea shortage before the arrival of Ramadan due to a significant decline in the import of tea leaves in recent months. Pakistan Tea Association’s report says that the import of tea leaves has decreased by 52% in just two months, with only 11,940 tons of leaves imported in February compared …

Web Desk — Due to higher interest rates, the passenger car sales had a massive decline of around 80% YoY in February 2023, clocking in at 3,642 units compared to 18,054 units recorded in the same month last fiscal year. State Bank of Pakistan raised the interest rate to 20% to curb auto imports and cost-led price hikes, the latest …

Web Desk — Pak Suzuki Motor Company’s (PSMC), sales have hit a record low due to insufficient inventory and import restrictions for the second time this year. According to the latest updates gathered from the auto market, Pak Suzuki sold fewer than 1,000 units in February. This is Suzuki’s worst performance since countrywide COVID-19 lockdowns in April 2020. The report …

Web Desk — The Honda bike prices in Pakistan have once again gone up due to the rampant depreciation of the rupee against the dollar. This time Atlas Honda has increased prices by as much as Rs. 25,000. Effective immediately, the new Honda bike prices are as follows: Bike sales and profits are drowning as a result of recent production …