Browsing: Business

The Makkah Route Initiative extends to Karachi for Hajj pilgrims, offering streamlined immigration processes at home airports, as Pakistan’s government aims for nationwide implementation, reduced airfare, and enhanced pilgrimage support. The cost of Hajj for the next year has been reduced to PKR 1,075,000, showcasing the government’s commitment to accessibility and convenience.

Kia Picanto Automatic gets upgraded with a 9-inch touchscreen and a rear-view camera, maintaining its price at Rs. 3,850,000, with an extra Rs. 50,000 cashback for early bookings. Meanwhile, Pak Suzuki enhances safety features in the Swift line-up, introducing airbags, fog lamps, and seatbelt reminders for an improved driving experience.

Pakistan’s IT and IT-enabled Services (ITeS) sector witnessed a 4.4% increase in export remittances, reaching $893 million in the first four months of FY23-24. Despite impressive growth over the past five years, challenges such as policy inconsistency and taxation issues hinder the sector’s goal of reaching a $15 billion export potential, according to the Ministry of Information Technology and Telecommunication.

Toyota is gearing up to introduce its first Hybrid Electric Vehicle (HEV) in Pakistan, the Corolla Cross HEV, representing a major step in the country’s automotive sector. With a significant $100 million investment, the move aims to cut import costs and save $37 million annually, catering to a growing demand for fuel-efficient and eco-friendly vehicles.