The e-motorcycle launch is set to intensify competition in the world’s second-largest two-wheeler market. Ola Electric will face off with bigger rivals like Bajaj Auto, TVS Motor, New Tab, and Hero Motocorp. Two-wheelers dominate Indian roads, with 18 million units sold last year. Ola Electric, which listed its shares on Aug. 9 after a $734 […]
Russian fuel oil and VGO seaborne exports last month rose 7% from June to about 4.05 million metric tons, helped by the completion of seasonal maintenance on Russian refineries. Russia’s offline primary oil refining capacity for July at 2.5 million tons was below June’s level by some 44%, according to calculations from industry sources. Since […]
According to the PBS data, the SPI for the week under review in the above-mentioned group was recorded at 322.03 points as compared to 322.54 points during the past week. As compared to the corresponding week of last year, the SPI for the combined consumption group in the week under review witnessed an increase of […]
Textile exports showed a decline of 3.09 percent from $1,311.650 million during the same month of last year (July 2023-24). The textile commodities that contributed to trade growth included tents, canvas, and tarpaulin the exports of which increased by 14.22 percent to $10.877 million during July 2024 as compared to the exports of $9.523 million […]
According to sources, the tax will be imposed on the subsidy amounting to Rs 60 billion in the current financial year. Sources said that the FBR will collect approximately Rs 1 billion in tax revenue from the subsidy after considering the subsidy as income. Last year, the FBR had attached the accounts of utility stores […]
As per details, the decision was taken by the federal cabinet in a meeting held here in Islamabad, the sources said and added that the five-year privatization program will be completed in three phases. In the first phase, privatization of Pakistan International Airlines (PIA), House Building Finance Corporation (HBFC), Faisalabad Electric Supply Company, Islamabad Electric […]
The new policy will prioritize the employment of Omani nationals in various roles, including construction workers, cleaners, loaders, bricklayers, steel fixers, tailors, electricians, waiters, painters, chefs, and barbers. This decision aligns with the Labour Law established by Royal Decree No. 53/2023 and follows the service guidelines set by the Ministry of Labour under Ministerial Decision […]
President Asif Zardari called on the federal government to give the nation good news by reducing electricity bills on Independence Day. He stated that the current electricity bills are beyond the public’s capacity. “The burden of electricity bills on the people cannot be increased any further,” the president emphasized. He urged that immediate relief be […]
Chairing the first meeting of the task force on digitalization of the FBR, held on Tuesday at the FBR headquarters and co-chaired by DG C41 Major General Syed Ali Raza, the state minister said the prime minister had constituted the task force for submitting recommendations to completely digitize all systems at the FBR. He explained […]
According to sources close to the development, there is a strong possibility that the prices of petroleum products may be reduced from tonight. The price of petrol is expected to decrease by Rs 11 per liter, while the cost of diesel might be reduced by Rs 7 per liter. Petrol prices to see another massive […]
