Business

Web Desk — The government is likely to bring the banking sector under heavy taxation in the 2023-24 budget as Islamabad looks for easy sources of revenue in a fiscally challenged environment, said a report published in Daily Dawn on Thursday. In the report, the head of research at JS Global Amreen Soorani was quoted as saying that the 2023-24 …

Web Desk — Having made impressive gains in digital banking, the State Bank (SBP) is going to launch Pakistan’s Digital Currency in the future. The launch of digital currency will surely be a major step towards Digital Pakistan, though its adoption requires tough regulations. Digital currency will intercept Pakistan’s physical currency in many ways by cutting the cost of financial …

Web Desk — Pakistan’s auto industry, since May 2022, has been on a constant decline in terms of production, sales, and revenue due to restrictions on automotive imports. Honda Bike Sales According to an autojournal.pk report, there was a significant decline in bike sales in April 2023. However, Atlas Honda sold over 73,528 units, witnessing a 2.4% Month over Month …

Web Desk — Huawei’s latest smartwatch, the Watch 4 series, is going to bring about a revolutionary change in the life of diabetic patients. The new watch offers a unique feature that delves into the user’s blood sugar health, all without the need for blood samples. With this achievement, Huawei surpasses Apple in this realm and sets a new standard …

Web Desk — Pakistani airline AirSial will now be operating flights from Pakistan to Muscat, the capital city of Oman. Oman’s Civil Aviation Authority (CAA) has given the green light to AirSial to commence its operations. An official CAA approval has been given to AirSial to operate flights connecting three major Pakistani cities to Muscat International Airport. AirSial will offer …

Web Desk — The International Monetary Fund (IMF) resident representative in Islamabad says Pakistan’s external financing requirements have not been changed in talks with the IMF over bailout funds, denying local media reports that the Fund was demanding fresh financing. Esther Pérez Ruiz, in a text message to Reuters, said there was no truth to reports that the IMF is …

Web Desk — The Federal government, in an important development, assures the International Monetary Fund (IMF) that it would not implement the fuel subsidy plan. The assurance has been given as the two sides negotiate a pending $1.1 billion bailout package for the country. According to Bloomberg News, the IMF pledged to continue negotiations with the government on the long-delayed …

Web Desk — Atlas Honda — Pakistan’s biggest two-wheeler producer — has increased prices of its motorcycles for the fourth time this year. With the recent price hike, the Honda motorbikes will be costlier by Rs5,000-15,000. The company has sent a notification to its dealers all across Pakistan for the implementation of new prices from May 1 onwards. As new …

Web Desk — If you are fond of gaming and searching for the best gaming phone in 2023, you are just a step away from your destination. Let’s give you the good news that your dream gaming device ROG Phone 7 and ROG Phone 7 Ultimate are ready to be launched. With these phones, mobile phone gaming will just be …

Web Desk — Honda Atlas Cars Limited (HACL) has been the prime victim of the troubles the auto industry has been facing in recent months in Pakistan. According to an update from autojournal.pk, Honda Atlas couldn’t sell even a single unit of its flagship sedan last month, bringing down the total sales significantly. Under present circumstances, Honda has decided to …