Business

Latest Yamaha bike price in Pakistan

Published

1 year ago

Farwa

Following an increase in the general sales tax, one of the players in the two-wheeler segment in Pakistan — Yamaha Motor — also notified an increase in the rates of its motorcycles.

It should be noted that this is the second time the company has increased rates since the start of 2023, as the two-wheel maker increased motorcycle prices between the range of Rs3,000 to Rs3,500.

The new rates came into effect on February 21 (Tuesday).

Following are the new retail selling price (ex-factory):

Model	Retail price (exclusive of sales tax)	Sales tax — 18%	Retail price (inclusive of sales tax)	Previous price (inclusive of 17% GST)
YB125Z (Red, Black)	Rs261,440.68	Rs47,059.32	Rs308,500	Rs305,500
YB125Z DX (Red/Black/Blue)	Rs280,084.75	Rs50,415.25	Rs330,500	Rs327,000
YBR125 (Red, Black, Blue)	Rs287,711.86	Rs51,788.14	Rs339,500	Rs336,000
YBR125G (Red, Black)	Rs299,152.54	Rs53,847.46	Rs353,000	Rs349,000
YBR125G (Matt Dark Gray)	Rs301,694.92	Rs54,305.08	Rs356,000	Rs352,500

According to the Finance (Supplementary) Bill 2023, which was stamped by the National Assembly a day earlier — it was announced that the general sales tax (GST) rate had been increased to 18%.

Following an increase in GST, several industries and sectors raised the prices of goods and services.

Amid the ongoing economic crisis, Pakistan’s automobile sector has been hit hard owing to problems with the opening of letters of credit, arising due to the rapidly depleting foreign exchange reserves and a weakening rupee.

Business

Pakistan’s gold prices continue to decline.

Published

15 hours ago

Farwa

The price of ten grams of 24 carat gold dropped by Rs 1,201 to Rs 205,418 from Rs 206,619, while the price of ten grams of 22 carat gold dropped to Rs 188,300 from Rs 189,400, according to the All Sindh Sarafa Jewellers Association.

Silver, priced at Rs. 2,620 per tola and Rs. 2,254.80 per ten grams, stayed at that level. As reported by the organization, the price of gold dropped by $11 on the global market, to $2,297 from $2,308.

Business

Price of LPG “slashed” by Rs. 20 per kilogram

Published

15 hours ago

Farwa

Sources claim that LPG rates have been lowered by Rs 20, making the cost per kilogram drop from Rs 280 to Rs 260.

It is noteworthy to remark that the costs of LPG were reduced by Rs 20 per kilogram earlier, resulting in a total reduction of Rs 40 per kilogram within a few weeks.

The price of liquefied petroleum gas for the month of May 2024 was lowered by the Oil and Gas Regulatory Authority (OGRA) on April 30.

The LPG tariffs were lowered by Rs 11.88 to Rs 238.46 per kilogram in accordance with the OGRA’s notice. On Wednesday, May 1, 2024, the new rates will go into effect.

In April of last year, the price per kilogram of LPG was Rs 250.34. pricing reduction of Rs 140.18 has resulted in a new pricing for home LPG cylinders set for May 2024 of Rs 2813.85.

The OGRA reported a drop in liquefied petroleum gas pricing in April. The price of LPG is now Rs 250.34 per kg instead of Rs 256.78 due to a reduction of Rs 6.44 per kg.

The price of the household cylinder was fixed at Rs 2954.03 for the month of April, down from Rs 3030.12, a decrease of Rs 76.9.

Business

ADB delegation stops by FBR headquarters

Published

15 hours ago

Farwa

Senior Director ADB Tariq Niazi oversaw the expedition, which also involved Sana Masood, Farzana Noshab, and Senior Public Sector Management Specialist Laisiasa Tora. The meeting included presentations from economists as well, according to an FBR press release.

The officers focused on structural and policy adjustments as they discussed the Domestic Resource Mobilization Program’s implementation at the meeting.

$300 million was given to the Pakistani government by ADB in December 2023 as a result of the hard work and dedication of FBR. Better laws, regulations, and institutional capability for the FBR were established by Sub-Program I.

With the $300 million in funding provided by the Asian Development Bank (ADB) to the Government of Pakistan in December 2023, the delegation conveyed satisfaction with the program’s effective launch.

The FBR also underlined how crucial digitization is to recording the economy and boosting productivity in a sustainable way.

In order to promote the Government of Pakistan’s Digital Tax Administration Project, both parties decided to look into measures to improve their cooperation.