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Car sales plunge 36pc in September in sixth straight month of decline

KARACHI: Sales of passenger cars plunged by 36 per cent in September, the sixth consecutive month of decline as the escalating interest rate and import tariff hit the slumping industry, according to data by manufacturers association. Sales fell to 10,923 vehicles in September 2019 from 16,957 units sold during the …

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Facebook’s efforts to establish Libra currency suffers severe setback

Facebook Inc’s ambitious efforts to establish a global digital currency called Libra suffered severe setbacks on Friday, as major payment companies including Mastercard and Visa Inc quit the group behind the project. The two companies announced they would leave the association Friday afternoon, as did EBay Inc, Stripe Inc. and …

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FBR launches campaign to get commercial consumers registered for tax

ISLAMABAD: The Federal Board of Revenue (FBR) is all set to launch an aggressive campaign from October 15, 2019 to get industrial and commercial consumers registered for income tax. Chairman FBR, Syed Shabbar Zaidi, in a tweet on Friday said that all industrial and commercial consumers were must be registered …

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Officials push Facebook for way to peek at encrypted messages

SAN FRANCISCO: Officials are calling on Facebook not to use encryption in its messaging services that does not provide authorities a way to see what is being sent. The request was made in a letter signed by US Attorney General William Barr, British home secretary Priti Patel and Australian minister …

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Meeting with COAS was cordial: industry leaders

KARACHI: A number of business leaders who met Chief of Army Staff (COAS) Gen Qamar Bajwa in Rawalpindi on Wednesday told Dawn that the meeting “was held in a comfortable and cordial atmosphere” and its main purpose was to focus on areas where an economic revival could be brought about, …

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PIA to start Islamabad-Kuala Lumpur flights from Oct 14

ISLAMABAD: Pakistan International Airlines(PIA) has decided to resume Islamabad – Kuala Lumpur flight operations from 14th October, according to a report in Radio Pakistan. A statement made by the Spokesperson of the Federal Ombudsman reveals that complaints were filed to the Ombudsperson’s office by overseas Pakistanis seeking the restoration of …

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Samsung ends smartphone production in China

Samsung Electronics on Friday said it has ended the production of smartphones in its last factory in China. Production at the factory in southern China’s Huizhou ended last month, the company said in an email on Friday. It said it made “the difficult decision to cease operations of Samsung Electronics …

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Saudi buyer eases rules, opens door to Black Sea grain

CAIRO/MOSCOW: Saudi Arabia’s state grain buyer SAGO will relax its bug-damage specifications for wheat imports from its next tender, it said on Thursday, in a move seen opening the door to Black Sea imports. SAGO is relaxing its limits for bug-damage in hard wheat to 0.5% from 0% from its …

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