India’s foreign exchange reserves, declined by 6.05 billion U.S. dollars during the week, ended May 19, to 593.48 billion U.S. dollars, showed the latest data released by the Reserve Bank of India.This situation came, after three consecutive weeks see…

Sales volume in the soft drink industry has experienced a substantial drop of up to 40 percent. This decline has been linked to the government’s decision to raise the Federal Excise Duty (FED) from 13 to 20 percent in a mini-budget implemented in Febr…

The SAIC-GM-Wuling Baojun Yep fully electric urban SUV will go on sale in China soon. The SUV’s specs and price range have been revealed ahead of its official launch.The two-door electric city car resembles Suzuki Jimny. However, it is 600 mm shorter …

The government has substantially reduced the prices of ghee by 69 rupees and edible oil and by 76 rupees per Kilogram, to protect the people from inflation.According to the Ministry of Finance, this relief will be provided to people through the Utilit…

The Economic Coordination Committee (ECC) of the Cabinet on Wednesday approved a supplementary grant of Rs. 20 billion for parliamentarians for the Sustainable Development Goals Achievement Program (SAP).Federal Minister for Finance and Revenue Ishaq …

Vivo, a leading global technology company, has launched the gorgeous V27e in Pakistan.The device is the brand’s latest addition to its popular V Series and comes with powerful camera capabilities.Vivo V27e is equipped with an outstanding 64MP OIS Ultr…

Jaffer Business Systems (JBS), a system integrator based in the MENAP region, announces its strategic acquisition of a Silicon Valley-based start-up, “Imparé”, specializing in chip verification.This acquisition is the first time JBS has made a start-u…

Minister for Finance and Revenue Ishaq Dar has reiterated the government’s commitment to ensure equitable distribution of resources among all sectors of economy.He was chairing a meeting in Islamabad on budgetary proposals presented by Federal Board o…

The Federal Tax Ombudsman (FTO) has taken serious notice of the absence of the facility for electronic auction (e-auction) of seized goods at the newly-established Collectorates of Customs by the Federal Board of Revenue (FBR).At the new Collectorates…

Foreign Secretary Asad Majeed Khan has appreciated China for investment in diverse sectors of Pakistan and development of the country.He was speaking as chief guest at China’s Embassy in Islamabad to mark anniversary of diplomatic relations between th…