Business

Web Desk — SkyDrive, a Japanese company specializing in eVTOL, has partnered with Suzuki to develop a two-seat electric flying car. SkyDrive, a startup that develops zero-emission flying vehicles and heavy-lift cargo drones, and Suzuki Motor Corporation, a leading automaker, have announced their partnership to commercialize flying cars (formally known as eVTOL (electric vertical takeoff and landing) aircraft). In many …

Web Desk — Toyota Pakistan is likely to raise the prices of its fully-assembled (CBU) automobiles by Rs. 300,000 to Rs. 1.25 million today. The automaker will raise its prices for the second time in less than a month. According to Pakwheels, the planned spike is a result of the depreciation of the Pakistani rupee, higher freight rates, and higher …

Web Desk — Potato exports to China could earn Pakistan about $2 billion as containers are available at cheaper rates to local exporters under the China-Pakistan Economic Corridor (CPEC).  PGA Pakistan president Mian Muhammad Siddique and vice president Chaudhry Maqsood Ahmad Jutt, who is also chairman of the Potato Research & Development Board, said this in an interview with Dawn. …

Web Desk — POCO, a popular technology brand among the world’s young technologists has announced the global launch of the POCO M4 Pro. For those seeking the ultimate entertainment experience on the go, POCO M4 Pro offers a 90Hz AMOLED display coupled with dual speakers, a 64MP high-resolution main camera, along a high-performance MediaTek Helio G96 and fast charging at 33W. …

Web Desk — Daraz, as its tradition is, has just kicked off its Pakistan Day sale 2022 and the famous smartphone brand Realme has joined hands with Daraz to facilitate people to have access to one of the best smartphone brands with incredible discounts. Pakistan day sale on Daraz is in its full swing and you can also avail these …

Web Desk — By amending its prudential regulations the State Bank of Pakistan (SBP) takes a step forward to facilitate microfinance banks (MFBs) to lend for low-cost housing and micro and small enterprises (MSEs). According to an SBP circular, “Building on measures taken in recent years to encourage financing to low-cost housing for the low-income people, the central bank has …

Web Desk — The account holders of the microfinance banks can now invest in risk-free high yielding government securities. This measure was taken by the State Bank of Pakistan (SBP) to provide greater investment opportunities to the public so as to diversify funds for this exclusive avenue. Microfinance Banks (MFBs) have been permitted to offer Investor Portfolio of Securities (IPS) …

Web Desk — Companies that deal in solar energy have expanded their business worldwide as people are rapidly moving towards alternative sources of electricity. In the United States, more people are installing solar panes on their roofs because of the falling prices, according to a report in CNet. World’s famous carmaker brand Tesla’s entry into the growing market of renewable …

Web Desk — Inflation is a global phenomenon. According to the Bureau of Statistics, the annual inflation rate in Pakistan eased to 12.2% in February of 2022 from 13% in the previous month, pointing to the lowest level since November 2021. For a common man, under present circumstances, it has become an uphill task to make both ends meet while …

Web Desk — Lucky Motor Corporation (LMC) on Saturday officially launched Pakistan’s first locally assembled French automobiles brand — Peugeot 2008 SUV. Peugeot is a French brand of automobiles owned by Stellantis and Peugeot Pakistan will work under LMC that will assemble various Peugeot models including Peugeot car, Peugeot 208, and Peugeot allure 2022. CEO LMC Asif Rizvi said the …