Business

Web Desk — A local company that assembles and markets brands from neighboring countries is introducing another Chinese brand in Pakistan in the home appliances category. Speaking at the launching ceremony of Midea (a Chinese brand) in Pakistan on Tuesday, the Consul General of China in Karachi Li Bijian voiced hope that the new assembly line would lead to import …

Web Desk — As part of the State Bank of Pakistan’s (SBP’s) ‘Shared KYC (Know Your Customer) Project, resident investors can open capital market accounts on their bank’s portal or app, central bank governor Dr. Reza Baqir stated on Tuesday. He added that the move would enable the equity market to be more widely accessible.During a visit to the Central …

Web Desk — The Securities and Exchange Commission of Pakistan has granted approval to Burj Energy International Management, a UAE-based renewable energy provider, to float Pakistan’s first green energy modaraba worth Rs1 billion (approximately $5.5 million), the watchdog and company officials said.   The company will engage in the business of generating and supplying renewable energy, and renting commissioned renewable energy …

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) …