Business & Economy

FBR UPDATES CUSTOMS REGULATIONS ON MEDICAL EQUIPMENT AND SUPPLIES IMPORTED FROM CHINA The Federal Board of Revenue (FBR) revises customs values for medical equipment and supplies imported from China through Valuation Ruling No. 2020 of 2025, updating outdated rates from 2017 to ensure fair trade and transparency. Introduction: FBR Revises Customs Values for 2025 The […]

INDIA SECURES PALM OIL SHIPMENTS FROM LATIN AMERICA AT DISCOUNTED PRICES India Diversifies Palm Oil Imports Beyond Southeast Asia For the first time, Indian importers have purchased palm oil cargoes from Colombia and Guatemala, marking a major shift in sourcing strategy. Traditionally, India — the world’s largest palm oil buyer — has relied heavily on

PAKISTAN SEEKS LNG DEAL REVISION WITH QATAR AMID SURPLUS IMPORTS Pakistan Moves to Renegotiate LNG Contracts with Qatar Pakistan is seeking to renegotiate its long-term liquefied natural gas (LNG) supply agreements with Qatar, as reduced industrial growth, falling electricity demand, and costly surplus gas imports weigh on the economy. The contracts, valid until 2031, have

DONGFENG UNVEILS AEOLUS L8: LONG-RANGE PLUG-IN HYBRID PROMISES KARACHI TO ISLAMABAD DRIVE ON A SINGLE CHARGE Chinese automaker Dongfeng Motor Corporation has officially introduced the Aeolus L8 plug-in hybrid electric vehicle (PHEV), powered by the brand’s advanced Mach Electric Hybrid system. With an impressive driving range and cutting-edge features, the Aeolus L8 is being hailed

Chinese Letin Auto Group to Set Up Electric Vehicle Plant in Punjab Punjab to Become EV Manufacturing Hub Punjab is set to witness a major leap in electric vehicle (EV) production as China’s Letin Auto Group announced plans to establish a small EV manufacturing plant in Lahore. The move is expected to boost local industry,

AMAZON TO SHUT DOWN APPSTORE SERVICES ON ANDROID DEVICES BY AUGUST 20, 2025 Amazon Appstore to Officially Close on Android Amazon has announced that it will shut down the Amazon Appstore on all Android devices starting August 20, 2025. The move marks a significant shift in Amazon’s mobile app distribution strategy, as the company focuses

Electric Bike Prices in Pakistan May Rise Sharply Amid Policy Shift Government Rejects EDB Proposal on Tax Exemptions Electric bike prices in Pakistan are expected to rise significantly after the federal government rejected the Engineering Development Board’s (EDB) proposal for continued tax exemptions on imported EV components. This decision is likely to make electric bikes

Honda to Launch Advanced Hybrid Car with Next-Generation Technology in Pakistan Honda Atlas Cars Limited (HCAR), the local subsidiary of Honda Motor Co., Ltd., has officially confirmed the launch of its next-generation hybrid car in Pakistan. The upcoming vehicle will be equipped with Honda Sensing, the automaker’s advanced driver-assistance system designed to enhance safety, comfort,

Google Fined $36 Million in Australia Over Anticompetitive Deals With Telstra and Optus Google has agreed to pay AU$55 million (US$36 million) after Australia’s competition regulator found it engaged in anticompetitive agreements with two of the country’s largest telecom providers, Telstra and Optus. The Australian Competition and Consumer Commission (ACCC) announced the case in the

China’s Data Centres Shift to Domestic Chips Amid Escalating US Tech Restrictions China’s data centres are accelerating the adoption of domestically produced chips as Beijing pushes to reduce reliance on foreign technology. The move comes in response to tightening US export restrictions on semiconductors, underscoring China’s determination to achieve technological self-sufficiency while supporting the rapid