Business

KARACHI: (Web Desk) Despite some positive economic indicators in the first three years of the PTI led government, the galloping rise in the prices of food items has been a major concern for the masses. According to market people the government has not given prime importance to soaring food prices due to lack of an effective price-monitoring mechanism. Due to …

Web Desk — The Pakistan Telecommunication Authority (PTA) has formally allowed the South Korean electronics giant Samsung to start production of its mobile phones in the country through its local partner Lucky Motor Corporation Limited. The PTA has handed over a Mobile Device Manufacturing (MDM) authorization to Lucky Motor to set up a mobile phone production unit in Karachi. The …

Web Desk — Digitalizing financial products and services, the State Bank of Pakistan (SBP) has introducted cheques clearing and a unified QR code for payments. SBP Governor Dr Raza Baqir says introduction of these digital services by the financial institutions will benefit all segments of society. He said, “The digital cheque clearing initiative will replace physical presentation and clearance.” Now …

Web Desk — Like Amazon, Facebook has also launched a golden opportunity for Pakistanis running online businesses to flourish with its new avenue — ‘Marketplace’. How Marketplace Can Help? Online business experts view facebook’s marketplace as new avenues for small business owners seeking online successes not only in Pakistan, but internationally too.Local customers can also access products sold in other …

LAHORE: (Web Desk) The federal government has imposed a tax on mobile phone calls in the budget for the financial year 2021-22. The details of the tax levied on mobile phone calls are as follows: 75 paisa for calls going beyond 5 minutes.1.30 rupees for calls up to 10 minutes.4.30 rupees for calls up to 30 minutes. The government is …

LAHORE: (Web Desk) Pakistan has introduced its first indigenous electric bike (e-bike). We have gathered some of its details for you. Hope the given information will be useful for you. Name: JE-70Company: Jolta ElectricIntroduction Price: Rs.82,500/= onlyMax Speed: 60 km/hourMonthly expense: Rs. 1000/= onlyMonthly saving: Rs.4000/=Charging: 1.5 unit/night(This charging is sufficient for 80 km journey) Dry EV battery is being …

LAHORE: (Web Desk) New CNG prices comes into effect in Pakistan. From now onward CNG will be available for Rs 103/kilo in Punjab and KPK. The previous price was Rs 85/kilo. On the other hand CNG price in Karachi, Hyderabad and Sindh has increased by Rs 20 and the new CNG price in Karachi, Hyderabad and Sindh will be Rs …

LAHORE: (Web Desk) The Federal Board of Revenue (FBR) has collected Rs4.725 trillion in taxes in the last fiscal year at a growth rate of 18% but lower than the original tax target. The present government avoided using arm-twisting measures and instead it opted enforcement tools that helped it to show double-digit growth. During the firscal year 2020-21 the FBR …

LAHORE: (Web Desk) Who will bear the brunt of Rs0.75 tax on mobile phone calls that exceed 5 minutes? According to tax experts government has apparently imposed this tax on well-off people who usually care less about the duration of their mobile phone calls but the ground reality is something else. Most people having smartphones normally use WhatsApp, Zoom, Skype, …

LAHORE:(Web Desk) Licenses of seven trade organizations including Pak-Iran Joint Chamber of Commerce and Industry have been cancelled by the Directorate of General Trade Organizations (DGTO). As reports published in the media, DGTO cancelled licenses because the trade organizations, mentioned below, failed the meet the requirements. “The subject TOs namely Pak Iran Joint Chamber of Commerce and Industry, All Pakistan …