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5% growth in volume, 21% in value: E-banking sector records 198,250 transactions of Rs51.5tr in Q3

E-banking

KARACHI: The country’s e-banking sector has recorded 5 per cent growth in volume as Pakistan Real-time Interbank Settlement Mechanism (PRISM) settled 198,250 transactions of Rs51.5 trillion during the third quarter (Jan-March) of this fiscal year, an increase 21pc in value. According to State Bank of Pakistan (SBP), the major share in increase of PRISM transactions was contributed by interbank funds ... Read More »

Govt imposes 5% sales tax on CNG sector, fertilizer using imported LNG

sales-taxa-640x330

ISLAMABAD: The federal government has imposed fiver per cent sales tax on liquefied natural gas (LNG) imported for servicing CNG sector and fertilizer produced by using imported LNG. According to notification issued by Federal Board of Revenue, the government issued directives, exercising the powers conferred upon it by clause (b) of sub-section (2) of section 3 of the Sales Tax ... Read More »

Several officers could not get promotion due to various reasons

promotion-640x330

ISLAMABAD: Several officers of the Federal Board of Revenue (FBR) from BS-19 and 20 could not be promoted due to intelligence reports, favoritism and administration sluggishness. According to details, many officers of BS-19 and 20 are not promoted to the next grade and they are feeling discouraged. The Central Selection Board did not promote FBR Chief International Customs Dr Zubair ... Read More »

Scientists explore 500m yrs old brains of ‘sea monsters’

index

FRANCE: Recently, scientists have been examining some of the oldest known fossil brains to be discovered, and this has given them a better idea of how primitive animals developed heads, IFLScience reports. These prehistoric brains belonged to early ancestors of our modern-day arthropods, an amazing group that includes insects, spiders, and crustaceans. Their findings, published this week in Current Biology, ... Read More »

Indonesian website posts spy pictures of MT-25 revealing all details of upcoming street-fighter

Yamaha

NEW DELHI:  This time, an Indonesian website has posted spy pictures of the MT-25 revealing all details of the upcoming street-fighter. The design of the MT-25 for obvious reasons is inspired by the R25, with a lot of parts sharing also been carried out. Starting from the rear, one cannot differentiate between the faired and the naked siblings as both ... Read More »

Mercedes-Benz G-Class lineup includes all-new edition 463 package, new 416-hp twin-turbo 4.0-liter V8

Mercedes car

BERLIN: Mercedes-Benz has disclosed a refreshed version of its G-Class 4×4. Hitting dealerships later this year, the new G-Class lineup includes the all-new edition 463 package and the new 416-hp twin-turbo 4.0-liter V8 previewed in the G 500 4×4² concept revealed at this year’s Geneva Motor Show. The venerable off-roader is more capable than ever. The big news in Mercedes’ ... Read More »

Volkswagen introduces its new Golf GTI Clubsport week ahead at Wörthersee

Volkswagen

PARIS: Volkswagen has introduced its new Golf GTI Clubsport a week ahead of Europe’s largest gathering-of-the-VWs, Wörthersee. Set to remain a show car for the near future, the GTI Clubsport was built to mark the 40th anniversary of the iconic hot hatchback and will eventually be offered in Europe sometime in 2016. The GTI Clubsport is powered by the same ... Read More »

Much-anticipated Toyota HiLux to come soon with excellent features

2016 Toyota

TOKYO: The much-anticipated Toyota HiLux has been photographed without camouflage. The images have leaked across several social media pages, giving a clearer impression of how the eighth-generation model will present inside and out. The first impression is a more dynamic and sculpted appearance, courtesy of a new car-like front grille with LED headlights and muscular wheel arches front and rear. ... Read More »

Toyota announces range of subtle updates for its GT86 sports coupe

GT86

TOKYO: Toyota’s sporty coupe receives another price drop and renovation for 2016 model year, bringing it to £22,195. Toyota has announced a range of subtle updates for its GT86 sports coupe. The Subaru BRZ sibling gets a new colour pallete, smarter wheel designs and trim level changes. The price has also been reduced by £805 for a limited time, down ... Read More »

Porsche 911 GT3 and GT3 RS team to focus more on weight reduction

Porsche

BERLIN: Porsche 911 GT3 and GT3 RS team will focus more on weight reduction rather big jumps in power output for future editions. Andreas Preuninger, head of Porsche’s high performance division, told Car magazine that he’s “not a believer in this horsepower monster, up, up, up, more, more, more”. In his opinion, “500bhp [373kW] is enough, because 700-800bhp (522-597kW) calls ... Read More »

Ford launches Figo Aspire 10-week roadshow across 25 cities

Ford

NEW DELHI: Ford India is launching a 10-week roadshow across 25 cities, including tier II and tier III cities, to showcase its soon to be launched compact sedan Figo Aspire. “As part of pre-launch campaign for Figo Aspire, we are undertaking a roadshow across 25 cities and 40 locations across the country. The idea is to engage with customers and ... Read More »

2015 Ford Ranger line-up to launch in Q3 of this year, 3.2-litre 5-cyl turbo-diesel, 6-spd manual for $57,390

ford3-300x158

MELBOURNE: Ford has confirmed to release its now Ford Ranger lineup in the third quarter of this year. While the Ranger would be featured with 3.2-litre 5-cyl turbo-diesel, 6-spd manual with a 3-year of warranty up to 10,000 km for $57,390. Australian magazine CarAdvice received leaked images of 2015 Ford Ranger line-up. 2015 Ford Ranger line-up leaked images, we can ... Read More »

2015 Ford Ranger line-up to launch in Q3 of this year, 3.2-litre 5-cyl turbo-diesel, 6-spd manual for $57,390

ford3-300x158

MELBOURNE: Ford has confirmed to release its now Ford Ranger lineup in the third quarter of this year. While the Ranger would be featured with 3.2-litre 5-cyl turbo-diesel, 6-spd manual with a 3-year of warranty up to 10,000 km for $57,390. Australian magazine CarAdvice received leaked images of 2015 Ford Ranger line-up. 2015 Ford Ranger line-up leaked images, we can ... Read More »

Third-generation 2016 Toyota Tacoma appears

toyota

TOKYO: At the Denver Auto Show, Paul Cavanaugh gave the assembled media a quick pitch for the refreshed, third-generation 2016 Toyota Tacoma. The Tacoma is by no means midsize it is now a full size pickup with high-grade capabilities and some dandy new features to boot. This new Tacoma, which will come to local dealers this September, will come in ... Read More »

2016 Honda Pilot comes with 3.5-liter V6 now develops 280 horsepower, 260 lb-ft of torque, more than previous generation

2016-Honda-Pilot

TOKYO: 2016 Honda Pilot engine will be more powerful. Indeed, the 3.5-liter V6 now develops 280 horsepower and 260 lb-ft of torque, 30 horsepower and 7 lb-ft more than the previous generation. This engine will be mated to a six-speed automatic gearbox while a nine-speed automatic transmission will be available in the high-end version of the Pilot. The latter gearbox ... Read More »

Volkswagen introduces its new Golf GTI Clubsport week ahead at Wörthersee

Volkswagen

PARIS: Volkswagen has introduced its new Golf GTI Clubsport a week ahead of Europe’s largest gathering-of-the-VWs, Wörthersee. Set to remain a show car for the near future, the GTI Clubsport was built to mark the 40th anniversary of the iconic hot hatchback and will eventually be offered in Europe sometime in 2016. The GTI Clubsport is powered by the same ... Read More »

Pak-Thailand to start dialogue on Free Trade Agreement: Khurram

khurram-dastgir-inp0

ISLAMABAD: Pakistan and Thailand would soon start dialogue on Free Trade Agreement as the Cabinet of Thailand has agreed to allow negotiations for the agreement with Pakistan. The Minister for Commerce, Engr. Khurram Dastgir Khan has said that the Ministry of Commerce would undertake intense trade diplomacy in the coming financial year to allow easy access to Pakistani exporters in ... Read More »

AEDB allows nine more power projects

clean-energy

ISLAMABAD: The Alternative Energy Development Board (AEDB) allowed nine new solar/wind power projects to overcome the energy shortfall. The 33rd AEDB meeting, chaired by Water and Power Minister Khawaja Asif, said that the new projects worth $1 billion would be made operational by September 2016, thus the wind power projects’ supply to national grid would reach 937MW. Currently, wind power ... Read More »

UNIDO organizes workshop to promote SMEs    

SMEs

ISLAMABAD: United Nations Industrial Development Organization (UNIDO) has successfully organized consultative a workshop on “Credit Guarantee Scheme for Small and Medium Enterprises (SMEs) in Pakistan” in collaboration with SMEDA, Islamabad Chamber of Commerce and Industry (ICCI) and Italian Development Corporation. Joint Secretary Industries & Production Muhammad Ashfaq Ghuman, CEO SMEDA Muhammad Alamgir Chaudhary, ICCI President Muzammil Hussain Sabri, State Bank ... Read More »

Energy crisis to be controlled by end of 2018: Arshad

NTDC, electricity

MULTAN: Advisor to CM Punjab Chaudhry Arshad Saeed Araein said that the incumbent government would control energy crisis in the country during its constitutional tenure of five years Talking to journalists, he said they were arranging an exclusive visit of Chief Minister Muhammad Shahbaz Sharif in the region to remove deprivations of people of the area. He said, he would ... Read More »