realme C21Y Promises Faster Performance, Lag-free Gaming with the Unisoc T610 Processor

The fastest growing smartphone brand in Pakistan and around the world, realme has a few surprises up its sleeves. Recently, realme became the bestselling smartphone brand on Daraz during the month of September. This achievement was fueled mainly because of realme’s C-Series superstar realme C25s which sold like hot cakes during the realme Super September Shopping Week.… Continue

SRB trying best to resolve issues as per taxpayers’ aspiration: Khalid Mehmood

Chairman Sindh Revenue Board (SRB) Khalid Mehmood has said that SRB has been making cautious efforts all the time to ensure that the business community do not faces a situation in which they receive notices from FBR and also from SRB however, in case they receive notices from both the tax collecting authorities, SRB tries its best to resolve the issue as per aspirations of the taxpayers.… Continue

SBP instructs Banks to Digitize Corporate Payments

Towards digitization of payments and receipts in the corporate sector, SBP has now made it mandatory for its regulated entities (REs) including banks, microfinance banks, payment system operators and payment system providers to provide digital means of payments to their corporate clients to enable businesses for sending and receiving their payments.… Continue

“Mahin” brand launched in Karachi

Pakistan’s leading fashion designer “Tasneem Sadaf” store was inaugurated in Karachi. According to details, to provide a platform for emerging designers in the fashion industry, Mahin formally inaugurated his brand at the multi-brand store “The Designer League” in Defence. There are creations of people who are determined to do something in the world of fashion.… Continue

Arts Council to pay tribute to Umar Sharif

To reminisce and pay homage to Pakistan’s highly acclaimed comedian & artist Umar Sharif the Arts Council of Pakistan Karachi will hold a condolence reference on Saturday, 16th October at 19:00 hours at the Jaun Elia Lawn. Umar’s family, friends, colleagues, politicians, and prominent showbiz personalities will attend the event.… Continue

Change Is Good: What it Takes to Hop on the Digital Transformation Bandwagon

Hussein Malhas, VP of Revenue for MENA, Turkey and Pakistan at Infobip shares his advice on what it takes to implement new technologies in order to deliver a frictionless customer experience. In today’s ever changing digital playing field, it is not uncommon for companies to find themselves stuck somewhere between revaluating their current operations and asking themselves whether it is better to step up or to step away from cloud communication technology.… Continue

3 billion dollar project for Karachi, says Mahmood Moulvi SAPM

Several significant important big projects under the China-Pakistan Economic Corridor (CPEC) framework would be set up at an estimated cost of over $3 billion in Karachi. It includes fishery, three berths, housing projects and other port-related projects. These projects are in discussion with China, and a formal announcement will be made soon.… Continue

The newly elected RCCI President meets Builders and Realtors Delegation led by AAA Associates

A delegation led by Mr. Sheikh Fawad Bashir Chairman AAA Associates, including the Chairman Federation of Realtor’s Pakistan Musarat Ejaz and the President Federation of Realtor’s Pakistan Sardar Tahir visited RCCI, to meet the newly elected president Nadeem Rauf Khan. The delegation members showed faith in the leadership of Mr Nadeem Rauf and hoped that the RCCI would continue support for the industrial and economic growth.… Continue

TikTok removes more than 81 million videos for violating stringent community guidelines in Q2 2021

The world’s leading short-form video platform, TikTok, has today released its Community Guidelines Enforcement Report, which details the volume and nature of violative content and accounts removed from the platform in Q2 of 2021. The report provides insight into content removed for violating the strict Community Guidelines, reinforcing the platform’s public accountability to the community, policymakers, and NGOs.… Continue

Freezing of bank accounts without warning lamented- UBG

The leaders of the United Business Group (UBG) – referring to the instructions issued to the Chief Commissioners of Field Formations by the Federal Board of Revenue (FBR) vide it’s letter dated 11th October 2021 have urged the Federal Finance Minister Shaukat Tareen and Dr Muhammad Ashfaq Ahmad, Chairman FBR to restore the withdrawal clause in the constitute and making it mandatory for the taxmen to obtain FBR Chairman approval and intimate the tax defaulters at least twenty four hours before freezing their bank accounts and recovery of outstanding amounts.… Continue

SBP reserves decreased by US$ 31 million

The total liquid foreign reserves held by the country stood at US$ 25,969.4 million on 08-October-2021. The break-up of the foreign reserves position is as under:-

  1. Foreign reserves held by the State Bank of Pakistan: US$ 19,138.4 million
  2. Net foreign reserves held by commercial banks    : US$ 6,831.0 million
  3. Total liquid foreign reserves                 : US$ 25,969.4 million

During the week ended 08-October-2021, SBP reserves decreased by US$ 31 million to US$ 19,138.4 million.… Continue

KATI demands withdrawal clause of Account Freezing from FBR

President Korangi Association of Trade and Industry (KATI) Salman Aslam has demanded withdrawal of decision of FBR to freeze the accounts of defaulters. Salman Aslam said that this move would damage the confidence of industrialists and exporters in the government. He said industrialists were struggling at a time when production costs and inflation were at an all-time high and the economy was grappling with a global financial crisis such as the COVID19 crisis.… Continue

Chairman BMG vows to raise strong voice for resolving shopkeepers/ small traders’ issues

Chairman Businessmen Group (BMG) & Former President Karachi Chamber of Commerce & Industry (KCCI) Zubair Motiwala has urged all shopkeepers and small traders to exhibit complete unity and solidarity under KCCI’s umbrella so that one strong voice could be raised to compel the federal and provincial governments to pay attention to Karachi and immediately resolve all the issues being suffered by Karachiites.… Continue