Business

Web Desk — The Federal Board of Revenue (FBR) has decided to restrict travelers arriving from abroad from bringing goods valued beyond $1,200. This decision, reflected in an FBR notification dated December 6, signifies changes to the Baggage Rules, 2006, under Section 219 of the Customs Act, 1969. Key Updates to Baggage Rules Definition of Commercial Quantity Revised Previously: Goods …

Web Desk — Finance Minister Muhammad Aurangzeb emphasized the government’s efforts to curb revenue leakages while addressing the Overseas Investors Chamber of Commerce and Industry recently, Business Recorder reported. The minister reiterated the government’s resolve to enhance trade and investment while ensuring transparency and efficiency in the revenue system. Aurangzeb noted that significant steps are being taken to digitize the …

Web Desk — For over a decade, Apple and Samsung have been locked in a battle for smartphone supremacy. Both brands have earned global respect—Apple with its premium, flagship-only approach, and Samsung catering to diverse segments while excelling in innovation. The latest clash? The iPhone 16 Plus vs. Samsung Galaxy S24 Ultra. Let’s dive into the features, performance, and price …

Web Desk — The Federal Government has allowed foreign visitors to temporarily import duty-free vehicles for three months in an effort to promote foreign tourist mobility. The government has also decided that the adjudicating authority would confiscate goods carried in commercial quantities under the Baggage Rules 2006. The Federal Board of Revenue (FBR) has issued two different notifications to notify …

Web Desk — The Federal Trade Commission (FTC) has warned people about increasing fraud at Bitcoin ATMs. According to the FTC report, the ATMs allowing people to turn their cash into crypto, have become a tool for scammers to perpetrate fraud. The FTC says that fraud at Bitcoin ATMs has become manifold since 2020. It says that just in the …

Web Desk — According to Fitch Ratings the primary challenges for the Chinese corporates can be grouped into three themes: trade protectionism, weaker Chinese economic growth, and a rollback of US climate-related policies if Donald Trump wins a second presidential term. Fitch expects a potential major policy shift if Trump wins the upcoming presidential election in November 2024. The technology …

Web Desk — The Renewable Energy Test Center (RETC) in its annual PV Module Index report provides a comprehensive evaluation of solar panels’ reliability, quality, and performance. Based on rigorous testing, this year’s report highlights the top performers in various categories, offering valuable insights for project stakeholders seeking the best solar solutions. RETC tests the efficiency of solar modules by …

Web Desk — The Tesla Cybertruck’s gigantic windshield wiper reportedly has some issues and as a result, isn’t working properly for some people. According to users on the Cybertruck Owners Club forum, the wiper issues are apparently to blame as Tesla has been delaying Cybertruck deliveries on short notice. The Verge has reported one forum user saying that Tesla told …

Web Desk — KIA Motors Pakistan has unveiled the striking new look of its Sportage model to increase its customers. The company announced a minor upgrade in the crossover SUV in a Facebook post. “Introducing a striking new look for Kia Sportage Limited Edition with a distinct new emblem,” read the caption as the company shared photos of KIA’s upgraded …

Web Desk – Customers impacted by the dramatic crash of cryptocurrency exchange FTX 17 months ago will receive their money back plus interest. FTX co-founder and former CEO Sam Bankman-Fried (SBF) has already been found guilty on seven counts related to fraud, conspiracy, and money laundering, with some $8 billion of customers’ funds going missing. SBF was awarded a 25-year …