Business

NAGOYA: (Web Desk) Toyota, the world’s largest carmaker, that earlier planned to make nearly 900,000 cars next month, has now reduced that to 540,000 vehicles. According to details, Volkswagen, the world’s second-biggest car producer, has warned to also cut its output further due to the micro-chip shortage. The chips these days are not as easily available as before because the …

ISLAMABAD: (Web Desk) The Federal Board of Revenue (FBR) has categorically stated that the return filing date will not be extended after September 30. An official statement said that the FBR saw an overwhelming response from taxpayers after the decision of non-extension in the due date for filing of return last year. Pakistan To Launch 5G In 2023 FBR has …

ISLAMABAD: (Web Desk) Pakistan aims to launch 5G in 2023 as the telecom industry’s market size has grown to $16.9 billion during the last year. The Minister of Information technology, in a recent presentation to Prime Minister Imran Khan, highlighted the future requirements of digitalization across the country and the launch of future technological needs such as 5G. During the …

ISLAMABAD: (Web Desk) The Commerce Ministry, in order to give a boost to the industrial growth, on Friday announced the latest round of tariff rationalization. According to the ministry, the focus of tariff rationalization would be on iron & steel, auto, packaging material, agriculture, and plastic sectors. The ministry of commerce has formally requested the relevant industrial sectors to send …

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 …