Browsing: Business

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.

Roshan Digital Accounts (RDAs) in Pakistan recorded a substantial $6.898 billion in foreign exchange inflows by October 2023, showcasing the program’s success in attracting global investments. With $1.524 billion repatriated and $4.219 billion used locally, RDAs continue to play a crucial role in the country’s financial landscape.

PayFast, Pakistan’s top payment gateway, reinforces its collaboration with JazzCash, a leading fintech provider, allowing millions of Pakistanis to use JazzCash mobile wallets for online transactions, fostering financial inclusion and convenience. This partnership also offers businesses using PayFast an opportunity to tap into the growing e-wallet market, with JazzCash boasting over 43 million registered users.