Business

Web Desk — Global logistics company DHL on Monday announced to suspend some of its operations partially in Pakistan due to restrictions on outbound remittances by the government. DHL Pakistan has informed customers that it will suspend ‘Import Express Product’ and restrict outbound shipments to a maximum weight of 70kg per shipment for all customers billed in Pakistan from March …

Web Desk — Honda is developing a motorcycle crash detection system that can call emergency services, a report from Cycleworld says. According to the report, the system will use bike, phone, and Bluetooth headset sensors, providing “higher resolution” than the industry currently offers to help first responders act promptly in case of an emergency. The data from these sensors will …

Web Desk — After Honda, Yamaha has also announced a price increase of 2023 for all its motorcycles. This is Yamaha’s first price increase in the current year. The last announcement of the price increase was made in December. The price of Yamaha motorcycles has been increased by up to Rs. 3,500. With Effect from February 21, 2023, the new …

Web Desk — Continued shortage of inventory has led the Pak Suzuki Motor Company Limited (PSMC) to extend the shutdown of its automobile plant from February 20, 2023, to February 21, 2023, the company filing on PSX has shown. However, the motorcycle plant will remain in operation during this period. The company announced this decision in a letter sent to …

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: