Business

Web Desk — As business activity resumed operations after Eid holidays, the Pakistani Rupee sustained its stability against US Dollar in the foreign exchange market. Currency dealers surprized to note that despite the payment of $1 billion in Eurobond, the value of the rupee remained steady. The interbank rate saw a slight decrease of 6 paisas, with the dollar now …

Web Desk — Prime Minister Shehbaz Sharif gave away awards to the highest taxpayers and exporters of the country at the Tax Excellence Awards 2024. According to the media reports, Imtiaz Hussain of Imtiaz Provision Stores tops the list of the highest income tax payers. Musadaq Zulqarnain of Interloop Limited is the second in this list. Tarique Aziz Channa, the …

Web Desk — Bank Alfalah Limited, one of Pakistan’s leading commercial banks, has announced to suspend its major services for three days. The bank has informed all customers that its major services will be unavailable for three days starting today due to the revamping of its technology infrastructure. Without disclosing the specifics, the bank said, ATMs, CDMs, CCDMs, debit cards, …

Web Desk — To strengthen the banking sector’s efficiency and fairness in complaints handling and to address customer issues, the State Bank of Pakistan (SBP) has launched ‘Sunwai’ – a customer complaint service portal and app. According to the central bank’s press release, ‘Sunwai’ will serve as a one-window operation for banking customers to register their complaints against Banks, Microfinance …

Web Desk — Pakistan makes amendments to its visa policy in order to facilitate foreign investors as the country is going through an economic crisis. The Kakar-led caretaker government has taken this step to woo investors and businesses from across the globe and now foreign investors will receive Pakistan’s six-month business visa within a day. The Special Investment Facilitation Council …

Web Desk — Pakistan imported mobile phones worth Rs. 32.7 billion in August 2023, according to the latest Pakistan Bureau of Statistics (PBS) data. The PBS data shows imports in August 2023 were 71 percent higher than imports of Rs. 19.1 billion registered in July 2023. The massive increase in imports is seriously alarming for the balance of payments as …

Web Desk — Suzuki GS150 is one of the most popular motorcycles in Pakistan for its comfortable ride, classic looks, and powerful engine. The 150cc GS 150, produced by Pak Suzuki Motors, has stylish looks with a round-shaped analogue speedometer and tachometer as well as vibrant graphics on the fuel tank. Specs Some of the best specifications that the Suzuki …

Web Desk — The first iPhone in 2007 had a price tag of $499, which was a lot of money at that time but it was just the beginning. The price of Apple’s iconic product is increased on the basis of multiple factors, like improved technology, features, and inflation. Apple brings in nearly half of its revenue through the iPhone …

Web Desk — Pakistan’s auto industry is facing a tough time nowadays as car demand has gone down to an incredible low due to inflation and high prices. Pak Suzuki Motor Company (PSMC) has made some new offers in order to increase sales. An ad has been published by the PSMC claiming that the customers will be able to “save” …

Web Desk — In a bid to push the country’s IT exports, the interim government is chalking out a strategy to bring online payment giants PayPal, and Stripe to Pakistan. There was a huge increase of around 24 percent in Pakistan’s IT exports in May 2023 while the annual number was recorded at $2.6 billion in 2022. Caretaker IT Minister …