News

Kia Sportage prices cut by up to Rs0.3m

KARACHI: Lucky Motor Corporation Ltd (LMCL) on Monday reduced the prices of various models of Kia Sportage by Rs250,000-300,000. After the price cut, the new prices of Sportage Alpha, FWD and AWD and Black are Rs7.3 million, Rs7.740m, Rs8.470m and Rs9m. Alpha is booked on partial payment while other models are on full payment. An LMCL official said prices were decreased to lure more customer

Bitcoin bursts above $66,000

LONDON: Bitcoin rallied to a two-year high on Monday, breaking above $66,000 as a wave of money carried it within striking distance of record levels. The price hit a session high of $66,240, up 5.4 per cent in Europe, having already hit a new two-year high in Asian trading. The largest cryptocurrency by market value has gained 50pc this year and most of the rise come in the last few weeks wh

Revenue collection rises 23pc in Punjab

LAHORE: The Punjab Revenue Authority (PRA) on Monday reported that its collections rose year-on-year 22.43 per cent to Rs19.1 billion in February. A PRA spokesperson said the authority has been assigned a Rs240bn target for 2023-24, which is expected to be achieved through a multi-pronged strategy of taxpayers’ facilitation and education, stakeholders’ inclusion, effective use of information te

FBR refunds Rs65bn to exporters

ISLAMABAD: The Federal Board of Revenue (FBR) has released verified refunds of Rs65 billion to exporters. An official announcement of the FBR on Monday said that the decision was taken after directives of Prime Minister Shehbaz Sharif during his first speech on the floor of the National Assembly after being elected as the 24th premier of Pakistan on Sunday. The released refunds issued to exp

Access to banking is a fundamental right: SBP

KARACHI: State Bank of Pakistan Governor Jameel Ahmad has said that access to financial services is a fundamental right of the people. He was delivering a keynote address at the inaugural event of Pakistan Financial Literacy Week (PFLW) on Monday at the SBP. The theme for the week is ‘Digital Bankari – fori aur asaan’. The event was attended by presidents and CEOs of commercial banks, senior of