The government plans to increase duties and taxes on commercial imports of mobile phones. The removal of the sales tax zero rating for mobile phone packaging is under consideration. Current sales tax applies to Completely Built Units (CBUs) and imports in CKD/SKD condition. As the anticipation for the upcoming 2024–25 budget builds up, the government … Read more
Punjab Chief Minister Maryam Nawaz approved the Punjab Green Tractor Scheme for 2024. The government aims to distribute 10,000 tractors through the scheme. Eligibility for the scheme covers farmers with land holdings ranging from 6 to 50 acres. Punjab Chief Minister Maryam Nawaz has approved the Punjab Green Tractor Scheme 2024, aiming to strengthen agricultural … Read more
The Immigration and Passports Directorate in Lahore issues passports to citizens. A passport is the primary document verifying a citizen’s identity abroad in Pakistan. The Directorate has a wide network of regional offices across Pakistan for passport issuance. The Directorate General of Immigration and Passports in Lahore is responsible for issuing passports to legitimate citizens, … Read more
Ghee and cooking oil are popular food items in Lahore and across Pakistan. Both ghee and cooking oil experienced a significant price decrease. Expectations suggest that prices of cooking oil and ghee will rise after budget 2024-25. In Lahore, ghee and cooking oil are highly consumed food items in Pakistan, and their prices have decreased … Read more
The PTA and FIA collaborated on a raid against an illegal SIM issuance operation in DG Khan. The raid resulted in the seizure of BVS devices, SIMs, and digital fingerprints. The PTA’s actions reflect its commitment to eliminating illegal SIM issuance in Pakistan. The Pakistan Telecommunication Authority (PTA) Zonal Office in Lahore, in collaboration with … Read more
Karachi is expected to face heavy rainfall during the upcoming monsoon season. Preemptive directives have been issued to institutions to prepare for heavy rains. Sindh’s Chief Secretary led a meeting on urban flooding readiness. The Sindh Provincial Disaster Management Authority (PDMA) has issued a warning indicating that Karachi is poised to experience exceptionally high levels … Read more
Rain is predicted in various parts of the country, per the Met Department and local sources. Khyber Pakhtunkhwa to see rain in some areas, offering relief from heat. Extended power cuts pose challenges for residents, especially during the summer. ISLAMABAD: Rain is predicted in various parts of the country, as reported by the Met Department … Read more
Toyota announced the inclusion of the new Corolla FX Sport Edition in its 2025 lineup, paying homage to its popular hot hatch from 1987. This sedan features a refreshed appearance and some updated features, enhancing its sporty appeal without any changes to performance. New Toyota Corolla: Exterior Updates The Corolla has long been known for … Read more
Nvidia has become the second-most valuable company globally. Nvidia’s flagship H100 chip has played a key role in increasing its market value. Nvidia plans to maintain its AI market leadership with annual AI chip releases. Nvidia, a prominent chip manufacturer, has achieved a significant milestone by surpassing Apple in market capitalization, becoming the second-most valuable … Read more
Gold prices in Pakistan dropped significantly amid speculation about a potential rate cut. The per-tola and per-10-gram gold prices decreased by Rs 3,600 and Rs 3,086, respectively. The recent decline followed a period of record-high gold prices in Pakistan. The interest in gold among investors in Pakistan saw a sharp decline following speculations of potential … Read more
Indus Motor Company (IMC) plans to export 50 locally assembled Toyota vehicles to Europe. Toyota Pakistan’s CEO, Ali Asghar Jamali, announced the export plans during a media briefing. The export is expected to generate $1.5 million in foreign exchange. Indus Motor Company (IMC), renowned for manufacturing Toyota vehicles in Pakistan, has announced plans to export … Read more
The Sindh Transport Minister announced new routes for Karachi’s People’s Bus Service. The transport department provided an update on projects like bus rapid transit (BRT) systems. The transport minister received updates on the construction progress of eight bus terminals. During a meeting focusing on Karachi’s public transport challenges, Sindh Transport Minister Sharjeel Inam Memon announced … Read more
Punjab Chief Minister Maryam Nawaz approved the “CM Punjab Green Tractor Scheme.” The meeting also sanctioned other measures, like creating a Kisan bank for farmer loans. Farmers with six to 50 acres of land can apply for the Green Tractor Scheme. In Lahore, Punjab Chief Minister Maryam Nawaz has given the go-ahead for the “CM … Read more
Remittances from overseas Pakistanis rose by 54% year-on-year to $3.2 billion in May 2024. This marks the highest-ever monthly remittance inflow. On a month-on-month basis, remittances rose by 15% from $2.8 billion in April 202. Remittances from overseas Pakistanis rose by 54% year-on-year to $3.2 billion in May 2024, up from $2.1 billion in the … Read more
The Honda CD 70 Dream maintains its top-selling status despite currency fluctuations. Honda motorcycles are favored for durability, performance, and handling rough terrain. The 2024 Honda CD 70 Dream is praised for fuel efficiency and affordable maintenance. LAHORE: Two-wheelers are the most common form of transportation in Pakistan, with Honda, including models like the CG … Read more
PSX closes below 74,000 as market decline continues. The KSE-100 index dropped by 356.51 points, closing at 73,862.93. Out of 100 companies, 23 gained, 69 lost, and 8 remained unchanged. Karachi: The Pakistan Stock Exchange (PSX) experienced another day of decline on Thursday, with the benchmark KSE-100 index falling by 356.51 points, or 0.48 percent, … Read more
Despite competition, the 125-cc Honda CG remains a top-selling model in Pakistan. The 2024 Honda CG 125 boasts a sleek design and strong performance. The Honda CG 125 is equipped with a 4-stroke OHV air-cooled engine. In Lahore, the Honda CG 125 is a well-liked motorcycle model in Pakistan recognized for its toughness, dependability, and … Read more
Gold prices in Karachi, Pakistan, increased significantly on Thursday, Internationally, gold prices climbed by $30, reaching $2,362 per ounce. Silver prices in Pakistan remained steady at Rs2,800 per tola. In Karachi, gold prices in Pakistan rose significantly on Thursday, following the upward trend in the international market. As per the Sarafa Association, the price of … Read more
Federal Finance Minister Aurangzeb suggests reducing interest rates in Pakistan to boost the economy. Foreign Minister Ishaq Dar unveils plans to downsize 84 institutions for efficient governance. The announcements boost optimism for a brighter economic outlook. Federal Finance Minister Muhammad Aurangzeb has hinted at a possible reduction in interest rates in Pakistan, signaling positive prospects … Read more
Minister Power clarified recent discussions on Pakistan’s solar system and net metering policies. Concerns arose after Energy Minister Awais Leghari mentioned a potential net metering policy review. Leghari confirmed his openness to reviewing the net metering policy if necessary. Minister of State for Power Ali Pervaiz Malik clarified recent discussions regarding Pakistan’s solar system and … Read more
The UN warns of an 80% chance that Earth’s temperatures will exceed 1.5°C in the next five years. The 2015 Paris Climate Accords targeted a 1.5°C rise over decades, not short-term spans. Temperatures are rising, with 2023 being the hottest year on record. The UN has warned that there’s an 80% probability that Earth’s temperatures … Read more
Dewan Farooque Motors announced prices for the locally assembled Kia Shehzore. The official launch and disclosure of specifications for the Kia Shehzore occurred at Dewan Motors. The interior of the Kia Shehzore includes rock and pinion power steering, Dewan Farooque Motors has announced the prices for the locally assembled Kia Shehzore, which includes three variants: … Read more
The government collected Rs 907 billion through the petroleum levy (PDL) in 11 months. Oil marketing companies reported a 7% year-on-year increase in sales in May 2024. Diesel sales grew by 18% in May due to the harvest season and price reductions. Karachi: The government has successfully surpassed its petroleum development levy (PDL) collection target, … Read more
The PMD predicts rain and thunderstorms in Islamabad and Rawalpindi. Several cities in Punjab are expected to receive rainfall. Khyber Pakhtunkhwa will witness rain and strong winds. The Pakistan Meteorological Department (PMD) predicts rain and thunderstorms in several areas, including Islamabad and Rawalpindi, offering relief from the current heatwave. Rain forecast for Islamabad and Rawalpindi … Read more
Rain and gusty winds are expected in Islamabad, Rawalpindi, and Pakistan from Wednesday to Friday. The Pakistan Meteorological Department notes a westerly wave affecting central and upper Pakistan. Rain, wind, and thunderstorms are forecast for various regions, with gusty winds in the plains. Expect more rain and gusty winds in Islamabad, Rawalpindi, and other areas … Read more
Speculation surrounds solar net metering in Pakistan due to a surge in installations. The Power Division denies reports of ending Pakistan’s net-metering policy. Plans for a 600-MW solar power plant in collaboration with Saudi Arabian investors are underway. In recent days, speculations have been rampant regarding the future of solar net metering in Pakistan, fueled … Read more
Intermittent rain and gusty winds are forecasted for Lahore and parts of Punjab. A westerly wave is affecting the upper and central parts of Pakistan, according to the PMD. Lahore’s maximum temperatures will range between 37 and 39 °C on Thursday and Friday. LAHORE – Intermittent rain and gusty winds are forecasted for Lahore and … Read more
Prime Minister Shehbaz Sharif directs new tariffs for solar electricity in Pakistan. The government will terminate the existing net-metering system for solar users. Solar system users will face fixed monthly charges under the new policy. In a significant policy shift, the federal government, under the guidance of Prime Minister Shehbaz Sharif, has decided to implement … Read more
