Business

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 …

LAHORE: (Web Desk) The real estate sector has warned of serious repercussions if authorities of Designated Non-Financial Business and Professions (DNFBPs) are not stopped from making planned inspections of the offices of the property dealers, developers and investors. Muhammad Ahsan Malik, Vice President, (Punjab) Federation of Realtors (FOR) and General Secretary of Real Estate Consultants Association (RECA), expressed his community’s …

Web Desk — Finance Minister Abdul Hafeez Shaikh directed the concerned authorities to contain rising prices of eggs, wheat flour and tomatoes to give benefit to end consumers. While chairing the meeting of the National Price Monitoring Committee (NPMC), Hafeez directed to take all possible measures to bring down the food inflation. Minister for Industries & Production Hammad Azhar briefed …

Web Desk — According to a report published in Express Tribune, Pakistan LNG Limited (PLL) has received all-time highest bid at 32.48% of Brent to secure cargoes for the month of February. The report says that Pakistan has to purchase the costliest liquefied natural gas (LNG) in February 2021 at 32.48% of Brent with a 31-day gap between tender opening …

Web Desk — The telecom sector has been generous enough to contribute to the national exchequer 129 percent in the fiscal year ended in June 2020 as compared to a year ago owing to Covid-19 lockdown, the Pakistan Telecom Authority (PTA) has reported. Sharing its Annual Report 2020, PTA highlighted that the surge in demand for telecom services due to lockdown …