The Competition Commission of Pakistan has penalised Reckitt Benckiser Pakistan Limited Rs150 million for what it said was deceptive and misleading marketing of one of its products, Strepsils The commission said that the company is accused of disseminating misleading information to consumers by creating an impression its product ‘Strepsils’ is a drug for
Day: February 11, 2021
Xiaomi Crowdfunds the Midian Zero Blue Music Atmosphere Light With Bluetooth Speaker
In May last year, Xiaomi crowdfunded the Midian Zero Blue Light Bedside Lamp which was touted to be the “world’s first zero blue light bedside lamp”. The lamp is the product of research by scientists from the Chinese Academy of Sciences of Nanchang University. Since then, the team has manufactured a couple of
Withholding Tax Imposed on Motor Vehicle sale to Discourage ‘On Money’
The federal government has approved an additional withholding tax on motor vehicles sold within 90 days of delivery in order to discourage ‘on money’ trend, sources said on Wednesday. The federal cabinet in its meeting on February 09, 2020 approved the Tax (Amendment) Ordinance, 2021 to implement through a presidential ordinance. The
All You Need to Know About Punjab Women Safety App
Punjab Women Safety App has become the voice of women, the app is playing an important role in helping women to prevent incidents of domestic violence and harassment against women. According to the details, the Women Safety App developed jointly by Punjab Safe City Authority and Punjab Police is proving to
Pakistanis Can Now Invest in India, SBP Gives Conditional Permission
The State Bank has allowed Pakistanis to make equity investments in India but investors need to take permission from the central bank before doing so. The bank has now made it easier to make investments in countries that allow capital and profits to be repatriated to Pakistan. The expectations are that
Apple Watch’s Heart Rate Sensor can Predict COVID-19 a Week Before a Swab Test
A new study has revealed that the popular wearable Apple Watch can effectively predict a positive case of Coronavirus infection up to a week prior to the PCR based nasal swab tests. According to a MacRumors report, a new study published in the Journal of Medical Internet Research titled “Warrior Watch Study” had several hundred Mount Sinai healthcare workers
Pakistani Startup Safepay Secures Funding from Stripe and Others: Report
A Karachi based startup Safepay has raised seed funding from a global financial technology company called Stripe. Ziyad Parekh and Raza Naqvi founded the startup in 2019, which became the first fintech company to have graduated from the Y Combinator in the 2020 batch. Through the Y Combinator program, the startup had
Mastercard Will Support Cryptocurrency Payments Later this Year
Mastercard has become the latest payment company to give cryptocurrencies its blessing. The financial services firm has begun preparations to support select cryptocurrencies later this year, Mastercard’s digital asset and blockchain VP Raj Dhamodharan said in a blog post. Of course, if you want to be part of the establishment, you have
Sindh Launches Waste-to-Energy Project to Generate 200MW of Electricity
The Sindh government has launched the waste-to-energy project to generate electricity form the municipal waste produced in Karachi, said the Provincial Energy Minister, Imtiaz Sheikh. The energy minister revealed that the environment friendly project will help in generating 200 megawatts of electricity from the waste produced in the city, and for
Pakistan Successfully Test Fires Babur Cruise Missile with a Range of 450km: ISPR
Pakistan conducted on Thursday training launch of Babur cruise missile with a range of 450 kilometers. Chairman National Engineering & Scientific Commission (NESCOM) Dr Raza Samar, Commander Army Strategic Force, Commandant, Lt General Muhammad Ali and others witnessed the training launch. The missile was launched from a multi-tube missile launch vehicle, Radio Pakistan reported.