Car sales plunge 42pc in August

Pakistan's auto industry sold 10,222 units in the second month of the fiscal year 2019-20 (FY20), down 42pc on a yearly basis, as the...

Car dealers to go on strike over exorbitant import duties

The car dealers of Lahore are mulling to hold a strike on The Mall if both the provincial and federal governments fail to address...

DISCOs raise power tariff by 70pc for Punjab export industry

LAHORE: The power distribution companies (DISCOs) have raised their electricity tariff for the export-oriented industries of Punjab, charging them up to Rs20 per unit from...

PM gives in-principle approval to construction sector as ‘industry’

Prime Minister Imran Khan on Thursday declared the construction sector as an industry by giving an in-principle approval, Radio Pakistan reported. The approval was given...

Pakistan, Uzbekistan agree to form JWG on energy

ISLAMABAD: In a meeting with Uzbekistan Ambassador Furqat Sidiqov, Power Division Minister Omar Ayub Khan asserted that Pakistan wanted to take benefit from the...

Russia’s ExpoBank takes keen interest in Pakistan’s financial sector

ISLAMABAD: Expobank Chairman Igor Vladimirovich Kim has expressed keen interest to invest in Pakistan's financial sector. Talking to Privatisation Minister Muhammad Mian Soomro and Board...

Zaidi not involved in issuing IFL to tobacco companies, FBR clarifies

The Federal Board of Revenue has rebutted a media report, published on 5th August 2019, regarding issuance of Invitation for License (IFL) for 'Electronic...

Toyota may replace Corolla XLi, GLi with Yaris sedans to counter price hike

Toyota may halt the production of Corolla XLi and GLi variants and replace them with Yaris sedans, following the dramatic fall of Pakistani Rupee...

Toyota tests solar-powered Prius in quest for plugless electric car

TOKYO: Inspired by new ultra-thin solar panels developed for satellites, a project led by Toyota Motor Corp is experimenting with a sun-powered Prius that...

AEDB reviews renewable energy policy draft

ISLAMABAD: The 45th board meeting of the Alternative Energy Development Board (AEDB) was held in Islamabad on Friday under the chairmanship of Power Division Minister...

LUMS conducts seminar on battery electric vehicles

The Lahore University of Management Sciences recently organized a seminar for the stakeholders of battery electric vehicles (BEVs). The seminar, held at the Suleman Dawood...

Pakistan to challenge $6.2bn Reko Diq penalty: minister

Power Division Minister Omar Ayub Khan said on Monday that Pakistan has decided to challenge the $6.2 billion penalty in the Reko Diq case,...

POL prices may surge by up to Rs8 from Oct 1

The prices of petroleum products in Pakistan are likely to go up by up to Rs12 in the next two months owing to an...

Cement prices surge to previous levels in Punjab

LAHORE: Cement prices, after witnessing a drop of almost 15pc during the last five months, have started reverting to the previous level in the northern...

IESCO billing fraud irks Senate body

ISLAMABAD: The Senate's Standing Committee on Power has expressed serious annoyance over heavy billing fraud in the Islamabad Electric Supply Company (IESCO). The Senate committee met...

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Bookings for Kia Picanto from next week

After introducing two of its vehicles in the Pakistani market, Kia Lucky Motors is all set to launch Kia Picanto for its customers. The company...

Car sales plunge 42pc in August

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Introduction of 5G services in Pakistan could take up to 5...

ISLAMABAD: The Pakistan Telecommunication Authority (PTA) on Monday briefed Senate’s Standing Committee on Information Technology it would take around four to five years to...