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Articles for tag: business, Latest, Local, mobile, production, sales

July 6, 2025

News Desk

Local mobile production, lower sales

Listen to the article Karachi: Despite the increasing local construction, the Pakistani mobile market continues to face heads, as locally constructed and assembled headset sales decreased by 8% annually during the first five months of 2025 and the wider 11 -month period of FY25, according to data published. Despite increased production by 4% annually in April and May 2025, reaching 4.84 million units, total demand remains sloppy compared to 2024, when sales were reinforced by consumer market after loosening of imports, there are sunny kumar. Local mobile companies were manufactured or raised 4.84 million units in April and May 2025,

July 3, 2025

News Desk

Petroleum Products Witness 7% Increase in Sales in Financial Year 2024-25

Fuel workers are waiting for customers in Islamabad. – AFP/file Sales of oil products reach 16.32 million tonnes of FY25. The MS Offtake reaches 0.73 million tonnes in June to mark 36 months high. OMCS publishes 8.0% increase in June sales after Reduce MS, HSD prices. Karachi: Reflecting on oil growth, Pakistan was observed 7.0% on an annual basis (YOY) in oil sales during FY25, reaching 16.32 million tonnes, compared to 15.28 million tonnes of FY24, according to official figures, according to official data, The news reported on Thursday. During the financial year ended on June 30, gasoline (MS) and

June 10, 2025

News Desk

18% sales tax on vehicles up to 850cc proposed

Listen to the article Islamabad: The government has proposed tax increases in the 2025-26 funding bill, increasing the duties for the production, introduction and sale of a wide range of objects – the fear of market observers will only feed further inflation. According to budget proposals, the government will impose a tax on sales of 18 % on vehicles up to 850cc and imported solar panels, who had previously enjoyed various exceptions. The 0.25% withholding tax will apply to electronic products under the digital pricing system, while the 2% withholding tax is likely to be imposed on clothing markets. Electronic

June 3, 2025

News Desk

Celebrities urge the United Kingdom to terminate weapons sales in Israel

LONDON: Pop Star Dua Lipa joined about 300 UK celebrities in signing an open letter on Thursday, urging Britain to stop weapons sales in Israel, following similar applications from lawyers and writers. Actors, musicians, activists and other public figures wrote the letter calling for Prime Minister Keir Starmer to “end the UK complicity in horror in Gaza”. The British sense of pop reaction Dua Lipa was a vocal for the Gaza war and last year criticized Israel’s attack as a “genocide”. Israel has repeatedly denied claims for genocide and says its campaign intends to crush Hamas after the deadly October

May 14, 2025

News Desk

Car sales increased in the reduction of the policy interest rate

Listen to the article Karachi: Sales of passenger cars increased by 32.2% to 83,269 points during the first 10 months of current year compared to the same period last year due to the fall of the interest rate announced by the Pakistani Bank (SBP) and the improved buyer. According to data published by the Pakistani Car Manufacturers Association (PAMA), sales of all vehicles, including two, three and four wheels, increased, while sales of agricultural tractors declined. Jeep-Cum-Pickups increased by 69% to 28,063 points. At the same time, truck and bus sales increased by 88.8% to 3,261 points and by 68.6%

May 5, 2025

News Desk

Audi maintains Outlook after raising Q1 sales, excluding pricing impacts

Listen to the article TECHNOLOGY: Audi, Volkswagen’s premium brand, confirmed its full prospect on Monday, reporting a 12.4% increase in first -month revenue driven by strong sales of electric vehicles. Specifically, the provision does not represent possible implications for US invoices. First quarter revenue at € 15.43 billion (\ 17.49 billion) in January – March compared to € 13.73 billion last year. The company expects revenue between 67.5 billion and € 72.5 billion for 2025 and a 7% and 9% margin. “The financial impact of import invoices, especially in the United States, cannot be assessed definitively,” Audi said in a

April 13, 2025

News Desk

OCAC requires Super Tax to terminate, tax exemption on sales of FY26 budget

The representative image shows a work pump in Taft Kern County, California, USA, on September 21, 2023. – AFP The impact on FY 2025 is expected to be greater than 18 billion Rs. The industry wants a minimum tax on refineries and OMCs that decreased to 0.25%. OCAC seeks to restore the powers of the Commissioner’s Certificate. ISLAMABAD: Petroleum industry has submitted budget proposals for the financial year 2025-26, urging the Federal Revenue Council (FBR) to abolish super tax, withdraw exemption from sales tax and final tax regime for exports The news reported. In a three -page letter addressed to

March 5, 2025

News Desk

Cement sales receive less than expected

Listen to the article Lahore: Domestic cement missions did not take up as expected in February 2025, although they had increased by 11.64% in January after many months of decline. According to figures released by the All Pakistan Cement Association, local cement missions from the industry reached 3,065 million tonnes in February compared to 2,869 million tonnes last February, showing an increase of 6.82%. However, exports increased by 34.30% as tumors increased from 395,935 tonnes in February 2024 to 531,736 tonnes in February 2025. The northern cement mills sold 2,556 million tonnes, higher by 5.06% against sales of 2,433 million

February 12, 2025

News Desk

Pakistan’s car sales principle reaches 2.5-rear in January 2025

Listen to the article Pakistan’s car sales showed a significant increase in January 2025, increasing 61% on an annual basis (on an annual basis) to reach 139,161 points of 2.5 years. This increase is due to favorable factors, including lower interest rates, increased consumer confidence and the introduction of new variants of vehicles. According to a Topline Securities report, car sales for the month reached 17,010 points, up 73% months in a month compared to December 2024. Sales increase comes after the Pakistani State Bank (SBP) reduced its main interest rate by 100 basis points to 12% in December 2024,

February 12, 2025

News Desk

Pakistan’s passenger cars sales of 52% in January

A representation of a picture of cars parked in a tail. – Reuters/file Suzuki Alto leads growth in small car sales. Truck and bus sales, the tractor market slows down. Experts warn that car growth depends on fiscal policies. Karachi: Passenger cars sales in Pakistan saw an increase of 52% annually in January 2025, The news He mentioned, citing the data of the Pakistani Car Manufacturers Association (PAMA). According to data released by Pama on Tuesday, January 2025, passenger cars sales reached 11,868 points, compared to 7,802 points in the same month last year. Meanwhile, cumulative sales for the first

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