Business & Economy

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

IMF Flags Pakistan’s Weak Anti-Money Laundering Measures, Highlights Gaps in Beneficial Ownership Framework The International Monetary Fund (IMF) has expressed concern over Pakistan’s inability to effectively control money laundering, pointing to serious flaws in its beneficial ownership framework and weak institutional coordination. The findings are part of the IMF’s Governance and Corruption Diagnostic Assessment Report,

Pakistan’s Oil and Gas Output Hits 20-Year Low, Exposing Deep Energy Crisis Pakistan’s oil and gas production has slumped to its lowest level in two decades, marking a 20-year decline that poses serious challenges for the country’s energy security and economic stability. According to FY25 data, both crude oil and natural gas output fell sharply,

Trump Sons-Backed American Bitcoin Eyes Asian Expansion with Strategic Acquisitions August 2025 – American Bitcoin, a U.S.-based cryptocurrency miner backed by Donald Trump Jr. and Eric Trump, is setting its sights on Asia to expand its bitcoin portfolio and influence in the global digital assets market. The company plans to acquire stakes in publicly listed

Red Sea International Airport Expands Facilities to Boost Passenger Experience and Tourism Growth Saudi Arabia, August 2025 – Red Sea International Airport (RSI), operated by daa International, has unveiled major operational upgrades, marking a new milestone in Saudi Arabia’s journey to becoming a global tourism hub. With expanded facilities at its Main Terminal Building and