PIA Anticipates Rs112 Billion Loss This Year, CEO Highlights Restructuring Efforts: Pakistan International Airlines (PIA) CEO, Air Vice Marshal Amir Hayat, disclosed that the national carrier is set to face a Rs112 billion deficit in the current year.
Yamaha has offered a one-of-a-kind deal for motorcycle owners. According to the most recent business update, owners of select Yamaha models can bring their bikes to an authorised dealership and drive away with a new one.
The lush landscapes of Pakistan hold the promise of a thriving agricultural sector, and avocado is one of the many high-value crops that can not only benefit the growers but also reposition the country’s agriculture sector in international markets.
BankIslami Pakistan Limited provides simple auto finance for all locally manufactured new and old vehicles. In order to provide consumers with ease, the bank has developed an interest-free monthly instalment option, making car ownership easier and more accessible to everyone.
Aviation Minister Khawaja Saad Rafique issued a warning on Friday regarding the potentially dire financial future of Pakistan International Airlines (PIA). He said that without immediate correction, the airline could suffer staggering losses of Rs. 259 billion by 2030. Minister Rafique stressed the urgency of implementing essential measures, including transferring administrative control to the private sector.
Gold prices witnessed a substantial decline in Pakistan on Thursday, reaching a closing value of Rs. 220,200 per tola. According to data released by the All-Pakistan Sarafa Gems and Jewellers Association (APSGJA), the price of 24-carat gold dropped by Rs. 2,800 per tola, settling at Rs. 222,200, while the price of 10 grams fell by Rs. 2,401, ending at Rs. 188,786.
The Punjab Mass Transit Authority recently announced the imposition of media coverage fees at Metro Bus and Orange Line railway stations.
Toyota provided details about its multi-pathway plan for carbon neutrality, which includes electric cars (EVs), at the global launch of the all-new 2024 Land Cruiser Prado.
The Senate Standing Committee on Communication has expressed serious concerns about the incomplete ongoing road projects, noting that each project only receives 10 to 15% of funds annually, causing delays in completion, price increases, and disputes between the National Highway Authority (NHA) and contractors.
In a hopeful development, Ehsan Bhutta, Chairperson and Secretary Industries of the Technical Education and Vocational Training Authority (TEVTA), revealed plans to expand vocational training programmes in Punjab.
Pakistan Post hiked its domestic and international mail rates by 50% beginning August 1. The Ministry of Communication announced an increase in the tariffs for non-registered regular letters, envelopes, and aerogrammes.
The Federal Board of Revenue (FBR) increased the withholding tax (WHT) on payments to non-resident persons using debit and credit cards by 400% in an effort to discourage withdrawals of foreign exchange reserves, according to The News on Monday.
