Business

Excise duty structure fuels counterfeit cigarette use: report

admin - May 23, 2024

ISLAMABAD: The current excise duty structure on tobacco products has led consumers to shift from legally compliant cigarette brands to illegal, tax-evaded ones, causing an estimated annual revenue loss of Rs310 billion for the national exchequer. Illicit cigarette brands...

Business

Gold prices in Pakistan continue to decline

admin - May 23, 2024

On Wednesday, the gold prices in Pakistan continued to decline, taking the cost of 24-karat gold to Rs248,200 per tola after reporting a price decrease of Rs300. Dealers reported a related fall in the price of 10 grams...

Business

Mercedes-Benz Launches AMG S 63 E Performance and Maybach GLS 600 In India; Check Performance And Specifications | Auto News

admin - May 22, 2024

Mercedes-Benz has introduced two new luxury models to the Indian market: the AMG S 63 E Performance and the Maybach GLS 600. The AMG S 63 E Performance is priced at Rs. 3.3 crore, with the exclusive 'Edition...

Business

‘Extreme Turbulence’ on Singapore Airlines Flight Kills 1 and Injures Dozens

admin - May 22, 2024

A 73-year-old man from Britain died and dozens of people were injured after a plane encountered “sudden extreme turbulence” about 10 hours into a flight from London to Singapore, officials said on Tuesday.The plane, a Boeing 777-300ER operated...

Business

India’s mcap crosses $5tn for 1st time, $1tn added in 6 mths

admin - May 22, 2024

MUMBAI: For the first time, the total market value of all listed companies in India rose above the $5-trillion mark in intraday trades on Tuesday. At close of the day's trade, however, it settled just a tad below...

Business

NC to pay $885,000 to animal-rights groups for undercover video lawsuit

admin - May 22, 2024

North Carolina spent eight years arguing that it was constitutional to ban employees from recording undercover video at work. After losing in court to animal rights and food safety groups who have argued the videos are key to...

Business

Macy’s (M) Q1 2024 earnings

admin - May 21, 2024

The Macy's company logo is seen at the Macy's store on Herald Square on January 19, 2024 in New York City. Macy's department-store chain announced that they will be laying off roughly 2,350 employees which is about 3.5%...

Business

Another power tariff hike in offing

admin - May 21, 2024

ISLAMABAD: Electricity consumers may need to brace for another jolt as power distribution companies have proposed a tariff increase of up to Rs3.48 per unit. The companies have requested permission from the National Electric Power Regulatory Authority (NEPRA) to collect...

Business

Using Mobile Phone At Petrol Pump Is Open Invitation To ‘Yamraaj’! Know How | Auto News

admin - May 21, 2024

In this age of technology, our addiction to mobile phones can be life-threatening, especially when used at fueling stations. It is always advisable to never use mobile phones at the petrol pump as it can be an open...

Business

Macy’s Reports Another Drop in Sales

admin - May 21, 2024

The Numbers: Macy’s lags while Bloomingdale’s and Bluemercury grow. Macy’s said its comparable-store sales in the United States fell 1.2 percent from the same quarter a year earlier. The retailer has not reported a sales increase since the...

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