Business

Web Desk — Japanese carmaker Mazda has announced its complete withdrawal from Russia as according to the company officials parts exports to its factory would end and production would cease when stocks will ran out. The company says it sees no path to restarting production in Russia. Mazda has been manufacturing cars for the Russian market in the eastern city …

Web Desk — Automakers have urged the government to ease the import embargo after observing a significant drop in sales and car finance. Director General of the Pakistan Automotive Manufacturers Association (PAMA) Abdul Waheed Khan has written to the Ministry of Industries and Production to clarify the import curbs that are shattering the auto industry. As per the quota allocated …

As of next month, Apple Inc will raise prices for apps and in-app purchases in all eurozone countries, as well as some Asian and South American countries. Apple said in a blog post that the new prices, excluding auto-renewable subscriptions, will take effect Oct 5. US tech giant Apple periodically adjusts its prices in different regions, including lowering the starting …

Web Desk — With interest rate rises looming around the world, cryptocurrencies fell to fresh lows on Monday due to regulatory concerns. The price of bitcoin, the largest cryptocurrency by market capitalization, fell about five percent to $18,387, the lowest level in three months. The second-largest cryptocurrency, Ether, fell 3pc to a two-month low of $1,285 and is down more …

Web Desk — Along with its standard Honda CG 125 2023, Atlas Honda unveils the 2023 model of its CG 125 SELF START. ATLAS HONDA has unveiled the all-new CG125 and CG125 SELF. A bike driven by the sound of power, with a suite of senses that are synonymous with the experience of riding CG125. Price of Honda CG125 Self …

Web Desk — The Federal Board of Revenue (FBR) has rebutted misleading information being shared in some sections of the media that Pakistan has recently imposed currency declaration requirements for passengers coming into Pakistan. FBR’s spokesperson, in a tweet, said that the above requirement is not new as the State Bank of Pakistan (SBP) issued a notification in this regard …

Web Desk — Apple has once again surprised fans with its upcoming iPhone 14 models, which will have satellite connectivity. Despite rumors that it would cost as much as $1,100, Apple dropped the iPhone mini, its low-cost device. The iPhone Plus will cost $899, the iPhone Pro will cost $999, and the iPhone Pro Max will cost $1,099 when it …

Web Desk — Due to low inventory supply, Pak Suzuki Motor Company Ltd (PSMCL) has extended its plant shutdown to September 8-9, according to the company’s filing in the Pakistan Stock Exchange filing on Friday. However, its motorcycle plant will keep operating. A filing by the company stated that the State Bank of Pakistan’s condition requiring prior approval for imports …

Web Desk — Having completed its successful trial before the stipulated time, Sazgar Engineering Works Limited (SAZEW) plans to roll out its first CKD HAVAL vehicles this month, i.e., August 2022. “HAVAL” vehicles have successfully completed their trial operations well ahead of schedule, with the first CKD roll-out scheduled for this month, i.e. August 2022. GWM “HAVAL” vehicles will be …

Web Desk — Automaker Honda has reduced the prices of its vehicles as other auto giants announced price reductions in light of rupee gains against the US dollar over the past fortnight. In a notification, the automaker said keeping in view the appreciation of PKR against USD, the company is pleased to pass the impact to its customers. It mentioned …