Islamabad, Jan 16: The federal government has announced revised petroleum prices for the upcoming fortnight. According to the latest notification issued by the Ministry of Finance, petrol and high-speed diesel prices have both been increased, adding to the financial burden on consumers. Starting January 16, 2025, the price of petrol has been increased by Rs. 3.47, taking it from Rs. 252.66 per liter to Rs. 256.13 per liter. Meanwhile, the cost of high-speed diesel has risen by Rs. 2.61, now priced at Rs. 260.95 per liter compared to the previous Rs. 258.34. This adjustment follows the government’s earlier fortnightly review,…
Author: Mawadat Fatima
Islamabad, Jan 16: Pakistan’s banking landscape is witnessing a transformation that began nearly three years ago with the State Bank of Pakistan (SBP) unveiling its digital banking framework in March 2022. This groundbreaking move ignited a competitive race among financial institutions eager to shape the future of banking in a digital-first world. With the promise of full-fledged banking services without the hefty costs of physical branches, the opportunity was too significant to overlook. The announcement spurred a frenzy of activity, with the SBP receiving an impressive 20 applications from major players, including HBL, UBL, Alfalah, and JS Bank, alongside fintech…
Islamabad, Jan 15: The Excise and Taxation Department has granted a 15-day extension for the payment of vehicle token taxes, offering vehicle owners an opportunity to clear their dues without facing penalties. The new deadline for payment is set for January 31. This decision comes as a relief for those who may have been unable to settle their taxes on time, allowing them a final chance to comply with the law. A spokesperson from the department emphasized that failure to pay by the revised deadline could lead to severe consequences. Vehicle owners who miss the Headline will face not only…
Islamabad, Jan 15: TikTok plans to shut its app for US users from Sunday, when a federal ban on the social media app could come into effect, unless the Supreme Court moves to block it, sources familiar with the matter said. The outcome of the shutdown would be different from that mandated by the law. The law would mandate a ban only on new TikTok downloads on Apple or Google app stores, while existing users could continue using it for some time.
Islamabad, Jan 15: The Ministry of Commerce has recommended the elimination of the 25% sales tax on EVs priced above Rs. 4 million and the removal of restrictions on EV batteries for cars, vans, and SUVs. These recommendations were discussed during a recent meeting of the EV steering committee, which also explored measures to enhance EV adoption and local manufacturing. The Ministry of Industries and Production (MoIP) instructed the Engineering Development Board (EDB) and the New Energy Vehicle (NEV) Policy team to evaluate these proposals. As part of the discussion, it was emphasized that the Pakistan Standards and Quality Control…
Islamabad, Jan 15: Toyota is making waves in the automotive world with its innovative new four-cylinder turbocharged engine lineup, which promises to revolutionize the industry. According to Chief Technology Officer Hiroki Nakajima, this new engine is a “game changer,” with its 1.5 and 2.0-liter variants designed to prioritize both electrification and exceptional performance. These engines cater to the growing demand for cleaner, more efficient vehicles while delivering thrilling driving experiences. Lexus IS tested the engine, focusing on luxury and performance. At the 2025 Tokyo Auto Salon, the engine debuted in a mid-engine prototype based on the GR Yaris, attracting attention.…
Islamabad, Jan 15: In a significant move aimed at safeguarding the integrity of educational services in Sindh, the Secretary of College Education, Asif Akram, has issued a strict directive prohibiting government college teachers from engaging in private tutoring or teaching at coaching centers during official working hours. This decision follows concerns raised over some teachers neglecting their primary responsibilities to prioritize private tutoring, ultimately affecting the academic environment. A formal notice has been sent to all college principals across the province, urging them to ensure that teachers fulfill their duties without interference from private engagements. The notice emphasizes that teachers,…
Islamabad, Jan 15: As the excitement for the 2025 Champions Trophy intensifies across Pakistan, cricket fans are eagerly awaiting the tournament’s thrilling matches set to take place in Karachi, Lahore, and Rawalpindi. With ticket prices now revealed, fans can plan their attendance for this highly anticipated event, which promises some of the best cricketing action on the planet. Karachi: The Tournament’s Grand Kick-Off Karachi’s National Stadium is set to be the stage for the opening match on February 19, where Pakistan will take on New Zealand. This highly awaited match will set the tone for the competition, with six different…
Islamabad, Jan 15: The Khyber Pakhtunkhwa (KP) government has unveiled the innovative ‘Ehsaas Nojawan Program,’ aiming to uplift the province’s youth through financial independence and self-employment opportunities. Chief Minister Ali Amin Khan Gandapur inaugurated this transformative initiative at a cheque distribution ceremony at the Chief Minister’s House in Peshawar. Provincial dignitaries, cabinet members, and loan recipients marked the occasion with their presence. The program under ‘Ehsaas Initiatives’ empowers young entrepreneurs with interest-free loans.
Islamabad, Jan 15: Air Link Communication Limited (PSX: AIRLINK) has announced an exciting milestone for Pakistan’s electronics market. Its wholly owned subsidiary, Select Technologies (Pvt) Ltd. (SELECT), is set to launch Xiaomi TVs in Pakistan. The grand unveiling will take place today at the Lahore Expo Center, promising to redefine home entertainment standards in the country. The launch marks a pivotal moment in the local consumer electronics sector. SELECT, known for its commitment to innovation and quality, will not only distribute Xiaomi TVs but also manufacture them at its advanced production facility. This endeavor represents a step forward in localizing…
