Category Archives: News

Pakistan is Proton's largest export market as it expands its global presence. Popular Malaysian news source Paul Tan reports that in November 2022, the manufacturer exported 5,028 units to foreign markets, 2,610 of which went to Pakistan. Other export markets included Brunei and South Africa. The Saga continues to be the most popular export model, [...]

The year 2022 will be remembered as one of the worst for Pakistan's Test cricket. Only one of the eight Test matches played by the Babar Azam-led team so far this year has ended in victory. The worst happened this month when they were thoroughly defeated by England in a three-match Test series. This result [...]

Due to persistent external, economic, and fiscal risks, S&P Global reduced Pakistan's long-term sovereign credit rating to "CCC+" from "B-" and its short-term rating to "C" from "B." The rating agency predicted that, barring a significant drop in oil prices or an increase in foreign aid, Pakistan's already meagre foreign exchange reserves would remain under [...]

Imran Khan, the leader of the Pakistan Tehreek-e-Insaf (PTI), renewed his call for early elections on Thursday. He also urged the "system" and "judiciary" to do their part to prevent more economic devastation and political instability in the nation. He spoke to his staff and followers via video link from his Zaman Park home in [...]

Jameel Ahmad, governor of the State Bank of Pakistan (SBP), encouraged banks on Thursday to execute the Kissan Package in letter and spirit and pledged to provide all necessary help to the banks. The governor mentioned the recent floods' destruction while presiding over the annual meeting of the Agricultural Credit Advisory Committee (ACAC) in Hyderabad. [...]

The Vivo Series 16 has just been authorised in China. Three variants are available: the S16, S16 Pro, and S16e, which are the S15 series' immediate successors. Despite having slightly varied features, all three models share the same design. The three phones all have the same AMOLED panel, which has a 120Hz refresh rate and [...]

Over 350 school buildings were damaged in the D. I. Khan district alone due to the severe rains and flash floods, which hampered learning in several parts of the state. According to a representative of the district's education department, the recent rains and floods have destroyed or damaged about 257 male and 87 female schools [...]

In order to solve traffic concerns such encroachments, unlawful parking, and traffic infractions in Punjab's capital, the Lahore Chamber of Commerce and Industry (LCCI) and City Traffic Police (CTP) have decided to create collaborative committees and designate a focal person. This decision was made at LCCI by Senior Vice President Chaudhry Zafar Mahmood, President Kashif [...]

The FBR circular dated 30-06-2015, which states that no notice under the Income Tax Ordinance 2001 is to be issued to taxpayers w.e.f. 01-07-2015 without a system-generated barcode, has been violated. The Federal Tax Ombudsman (FTO) has ordered FBR to reexamine the duplicate illegal assessment orders for the tax years 2016, 2017, and 2020 that [...]

After the Federal Government appointed three additional commissioners to bring its total to a quorum, the Securities and Exchange Commission of Pakistan (SECP) approved the creation of new benches to hear appeals under Section 33 of the SECP Act, 1997. In the previous year, the Commission had only had two Commissioners on staff, which led [...]

On Thursday, the Senate Standing Committee on Finance and Revenue suggested modifying the anti-money laundering regulations. The committee meeting, which was presided over by Senator Saleem Mandviwalla, stated that the anti-money laundering rules were being abused. Farooq Hamid Naek, a committee member, bemoaned the fact that these regulations are implemented uniformly throughout Pakistan in order [...]

Sharjeel Inam Memon, Sindh's Minister of Information, Transportation, and Mass Transit, has declared that Red Line BRT's bus depot will be built on 10 acres of Aladin Park, a well-known park in Karachi. The park recently underwent an infrastructure clean-up as part of an anti-encroachment campaign, during which several membership clubs, marriage halls, and over [...]

Car makers have reduced production as a result of Pakistan's persistent economic difficulties. Market sources imply that automakers may have also fired a sizable number of staff as a result of a weakened operating capacity, despite the absence of any public updates. This swirl of rumours had also ensnared Toyota Indus Motor Company (IMC). To [...]

The introduction of numerous new Maps, Search, and Shopping services was announced by Google today. The majority of the new capabilities were debuted by the business at its Search On event in September, and they are now beginning to be made available to consumers. Search Users will now be able to use Search to locate [...]

Regulatory Duty (RD) on Electric Vehicles (EVs) has been removed following the expiration of SRO1571(I)/2022 on November 21, 2022. Due to this, Audi e-tron prices have dropped considerably today. Audi announced new ex-showroom prices for its e-tron and e-tron GT in a notification. Prices for the new Audi e-tron Compared to Rs. 32,450,000, the new [...]

In an announcement Saturday that the State Bank of Pakistan has suspended a $34 million payment to international service providers, which will prevent users from downloading Google Play Store services until December 1, 2022. As a result of the central bank discontinuing the direct carrier billing (DCB) mechanism, an annual payment of $34 million to [...]