Following the government’s announcement of withdrawal of taxes on vehicles, the auto companies have announced a reduction in car prices. “Indus Motor Company has slashed prices in the range of Rs100,000-400,000 on different variants and models in line with the government’s initiatives,” said Indus Motor Company CEO Ali Asghar Jamali while talking to The Express Tribune. Indus Motor reduced the…
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President Joe Biden on Thursday acknowledged that the Taliban are militarily stronger than at any point since the war in Afghanistan began in 2001, adding that he considered it “highly unlikely” that a “unified government” would be able to control the entire country. In a speech delivered at the White House, Biden however defended his plans to withdraw US troops…
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The Taliban on Thursday seized another key Afghan border crossing, this time with Iran, according to an Afghan official and Iranian media. The seizure is part of a Taliban surge as American troops complete their pullout from Afghanistan. It was the third border crossing the insurgents have taken in the past week, after previously seizing crossings with Tajikistan and Uzbekistan.…
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The United States has said that Pakistan has been a “helpful and constructive partner” when it comes to Afghanistan, stating that the interests of both countries “go well beyond that”. “Pakistan is an important partner in various fronts and both the countries have shared interests in peace and stability in Afghanistan,” US State Department Spokesperson Ned Price was quoted by…
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Prime Minister Imran Khan on Thursday launched Pakistan’s first ever locally manufactured electric motorcycle. Speaking at a ceremony in Islamabad, the prime minister said the launch of the electric motorcycle was a “futuristic step”, adding that his government’s new electric vehicle (EV) policy laid down a plan and defined a direction for the future. The launch of the electric motorcycle…
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The Ministry of Climate Change (MoCC) on Wednesday urged the Interior Ministry to take action against the nominated senior official of the Capital Development Authority (CDA) on his alleged misconduct with the Islamabad Wildlife Management Board (IWMB) staff. The MoCC in its second letter written to the Interior Ministry has nominated a senior official of the CDA Rana Tahir Hassan…
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Oil and petroleum consumption witnessed a sharp recovery in FY21 after a dip in pandemic hit FY20. This recovery is reflected in resurgence of petroleum sales by the downstream oil marketing segment, which in turn is a representation of improved economic and industrial activity. The recent data from OCAC shows that overall petroleum sales by the OMCs in FY21 stood…
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US oil may retest a resistance at $76.14 per barrel, a break above which could lead to a gain towards $76.83-$77.29 range. The contract is riding on a wave C, which may extend to $77.29, as it briefly travelled above $74.99, its 138.2% projection level. Another projection analysis on the uptrend from $69.77 suggests a similar target of $76.83. The…
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Yet again power load-shedding and gas shortage in the country. This time it is due to drydocking of Engro’s liquefied natural gas (LNG) terminal. Sceptics argue that better planning and coordination and timely decisions could have prevented or at least eased the problem. Engro will be able to replace its Floating Storage and Regasification Unit (FSRU) by a larger unit…
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Federal Minister for Maritime Affairs Ali Zaidi Tuesday said that Japanese company Mitsubishi would install fourth Liquefied Natural Gas (LNG) terminal in the country at Karachi’s Port Qasim. Taking to Twitter, Ali Zaidi said that Mitsubishi would invest US$300 million (Rs47.52 billion) for setting up the LNG terminal at the city’s port. “After Energas, Tabeer Energy (Mitsubishi) also close to…
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