TECH NEWS

Elon Musk Buys Twitter for 44 billion

Elon Musk Buys Twitter for 44 billion

April 26, 2022 / By Zunair Tahir / Tech News

The world’s most expensive business deal has been finalized, with Elon Musk, head of US company Tesla and private space company SpaceX, agreeing to buy microblogging site Twitter for about ً 44 billion.

According to the agreement, Elon Musk will pay 54.20 Dollar per share in cash to buy Twitter.

According to reports, Elon Musk has become the sole shareholder of Twitter after the agreement. This is by far the largest bargain to be made by any private company in the world.


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According to the British news agency Reuters, Elon Musk and Twitter reached a 44 billion deal on Monday, after which control of the social media platform will now be transferred to the richest man in the world. Elon Musk had offered to pay 54.20 per share for the microblogging site, signaling his intention to buy Twitter.

Under pressure, Twitter later began negotiations with Elon Musk to sell the company at a proposed price of 54.20 Dollar per share, and the deal was finalized on Monday. According to reports, after this news, the shares of Twitter have increased by about 6%.


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Automotive News

Prince-DFSK Announces the Second Price Increase for 2022

Prince-DFSK Announces the Second Price Increase for 2022

April 21, 2022 / By Zunair Tahir / Automotive News

In Pakistan, all vehicle firms are raising prices, claiming currency devaluation, rising freight expenses, and rising raw material costs as reasons. The latest to enter the battle is Regal Motors, which has raised the cost of Prince-DFSK automobiles.


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The following are the new Prince-DFSK car pricing, which take effect immediately:

VariantsCurrent Price (Rs.)Expected Price (Rs.)Increase (Rs.)
Prince Pearl M/T1,334,0001,534,000200,000
DFSK Glory 580 1.5T CVT4,649,0005,009,000360,000
DFSK Glory 580 1.8 CVT4,800,0005,160,000360,000
DFSK Glory 580 Pro5,040,0005,400,000360,000
Prince K071,749,0002,039,000290,000

Regal Motors has been a major competitor in the industry since its inception in 2018. This was largely due to the success of the DFSK Glory 580, which provides practicality, advanced features, and comfort at a low cost.


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Even at a price of over Rs. 5 million, the Glory 580 is Pakistan’s cheapest subcompact SUV. It also maintains its advantage in terms of practicality, with seven seats and a solid feature set. Prince Pearl, on the other hand, is expected to see a sales downturn now that its price has surpassed Rs. 1.5 million.


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On April 21, Pakistani Internet Users Will Experience Slow Speeds
(IMF) Has Expressed Concern Over Pakistan’s Growing Inflation and Expanding Current Account Deficit
Booking For The Haval H6 2.0T Begins On April 15th
Pakistan Is Expected To Increase The Price Of Electricity By PKR3.15 Per Unit
At WWDC 2022, Apple Will Unveil Two New Mac Devices
Chinese Company Offers Cheap 5G Phones

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Proton-Logo
Automotive News

Proton Announces a Price Increase for Only One Vehicle

Proton Announces a Price Increase for Only One Vehicle

April 21, 2022 / By Zunair Tahir / Automotive News

Al-Haj Automotive has increased the price of the Proton Saga, joining the recent price hike trend. Proton has already raised the price of the X70, which now begins at Rs. 5.4 million.


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The following are the updated pricing for Saga versions, which are effective immediately:

VARIANTSOLD PRICE(PKR)Price Before May 10 (PKR)Price After May 10 (PKR)Increase (PKR)
Standard Manual2,149,0002,249,0002,349,000200,000
Standard Automatic2,299,0002,399,0002,499,000200,000
ACE Automatic2,399,0002,509,0002,619,000200,000
CALL FOR ON ROAD PRICE

The new pricing have been introduced in such a way that customers who book Saga before May 10 will pay 50% of the increased cost, while those who book cars after May 11 will pay 100% of the increased rate.

The price increase from Proton Saga is similar to those from Kia and Changan. Nonetheless, the Saga is Pakistan’s cheapest sedan, with the potential to become one of the country’s best-selling vehicles.


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What is Causing Pakistan’s Automobile Costs to Rise?


Pakistanis could expect further price rises in the next days, since all automakers have announced price hikes one by one.


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On April 21, Pakistani Internet Users Will Experience Slow Speeds
(IMF) Has Expressed Concern Over Pakistan’s Growing Inflation and Expanding Current Account Deficit
Booking For The Haval H6 2.0T Begins On April 15th
Pakistan Is Expected To Increase The Price Of Electricity By PKR3.15 Per Unit
At WWDC 2022, Apple Will Unveil Two New Mac Devices
Chinese Company Offers Cheap 5G Phones

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Business News

Pakistan Is Expected To Increase The Price Of Electricity By PKR3.15 Per Unit

Pakistan Is Expected To Increase The Price Of Electricity By PKR3.15 Per Unit

April 20, 2022 / By Zunair Tahir / Business News

ISLAMABAD, Pakistan – The National Electric Power Regulatory Authority (NEPRA) has received a petition demanding a Rs3.15 per unit rise in power prices in March 2022 due to changes in fuel prices.

The application was sent by the Central Power Purchasing Agency (CPPA), and it will be heard by Nepra on April 27. If the raise is accepted, the public would be saddled with a Rs30 billion charge.

According to the CPA’s appeal, a total of 10 billion units were produced in March at a cost of Rs94 billion.


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On April 21, Pakistani Internet Users Will Experience Slow Speeds


In March, the CPPA notified the regulatory body that the per unit cost of power generated from thermal oil was Rs22.52, while the cost of energy generated from LNG was Rs14.36.

According to the electricity regulatory, the ruling will have no impact on K-Electric customers.



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Business News

(IMF) Has Expressed Concern Over Pakistan’s Growing Inflation and Expanding Current Account Deficit

(IMF) Has Expressed Concern Over Pakistan’s Growing Inflation and Expanding Current Account Deficit

April 20, 2022 / By Zunair Tahir / Business News

ISLAMABAD, Pakistan – Pakistan’s surging inflation and expanding current account deficit have alarmed the International Monetary Fund (IMF).

According to a recent assessment by the Washington-based banking organization, the South Asian country’s productivity is on the decline.

Inflation is expected to stay around 11.2 percent this year, with the current account deficit hovering at 3.5 percent of GDP.

According to the estimate, economic growth will be about 4% this year, while unemployment will be around 7% this year and 6.7 percent next year.


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On April 21, Pakistani Internet Users Will Experience Slow Speeds


Meanwhile, in the aftermath of the crisis in Ukraine, the UN has cut its global growth estimates, warning that a Kremlin invasion may break the global economy into opposing blocs.

It noted that prospects had deteriorated in the previous three months, as it decreased its growth forecast for 2022 from 4.4 percent to 3.6 percent. The news comes as Islamabad has formally begun discussions with the IMF on the bailout package in Washington. According to sources, negotiations with the US-based financial institution will last until April 24, and the IMF will disburse a $1 billion tranche following successful talks.

Governor of the State Bank of Pakistan, Reza Baqar, is now in the United States for discussions with IMF officials. He will also be present at the World Bank’s steering committee meeting. Miftah Ismail, the Prime Minister’s Finance Adviser, will participate in the IMF negotiations electronically.


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TECH NEWS

On April 21, Pakistani Internet Users Will Experience Slow Speeds

On April 21, Pakistani Internet Users Will Experience Slow Speeds

April 20, 2022 / By Zunair Tahir / Tech News

LAHORE, Pakistan — Due to a failure in the international submarine cable, internet users in Pakistan are expected to experience slower speeds, according to the Pakistan Telecommunication Authority.

PTA said on social media that from 2 to 7 a.m., a power reconfiguration operation on a portion of international undersea cable, SMW4, will be carried out.

It also stated that other means would be considered to offer consumers with uninterrupted internet services in order to satisfy capacity needs and restore to full operation as soon as possible. Throughout the country, internet services will be available as normal.


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The Pakistan Telecommunication Authority (PTA) has reported a malfunction in SMW4 for the second time in six months, following a similar fault that impacted internet speeds across Pakistan in February.

SMW4, or South East Asia-Middle East-West Europe 4, is an undersea cable that connects Singapore, Malaysia, Thailand, Bangladesh, India, Sri Lanka, Pakistan, the United Arab Emirates, Saudi Arabia, Egypt, Italy, Tunisia, Algeria, and France. It is roughly 18,800 kilometer’s long.


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Automotive News

Hyundai Elantra 1.6L Is Set To Debut In Pakistan This Month

Hyundai Elantra 1.6L Is Set To Debut In Pakistan This Month

April 15, 2022 / By Zunair Tahir / Automotive News

By the end of April 2022, Hyundai Nishat Motors Private Limited (HNMPL) plans to debut the Hyundai Elantra 1.6L model in Pakistan. New Hyundai Elantra model will be released before Eid-ul-Fitr, although the business has yet to declare a specific date.

Hyundai will launch a 1.6L Elantra version, according to our sources. In March 2021, Hyundai debuted the Elantra in Pakistan. It’s a mid-size car that competes with the Toyota Corolla Grande and Honda Civic in the C category. Elantra had a favorable reaction for a newcomer and quickly became a favorite among many. Hyundai Elantra sales surged by 186 percent from January to February 2022.

Encouraged by the strong reaction, Hyundai has chosen to introduce the Elantra 1.6L in Pakistan. This implies that in the local market, this car will compete with the top-of-the-line Toyota Yaris and Honda City models.


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2022 Hyundai Price List In Pakistan


Elantra 1.6L Price in Pakistan

It is likely to cost Rs.3.5 million when it is released (approximately). This may have an influence on Toyota Corolla Altis 1.6 X sales.

According to our sources, the new 1.6L Elantra has the same external design as the 2.0L Elantra. The headlights are identical tetra-LED headlights with DRL. Despite the exterior’s similarity, the inside has been upgraded. The 2.0L variant’s instrument cluster has been replaced. This model has a smaller infotainment display. The 8-inch infotainment display screen would be standard on the Elantra 1.6L.

The Hyundai Elantra 1.6L, like its 2.0L predecessor, would include a sunroof. The sunroof is not available on the top-of-the-line Yaris and City models. There are also rear AC vents, which contribute to the rear passengers’ comfort and elegance.

The Hyundai Elantra’s exact details are yet to be revealed. We’ll let you know as soon as we have more information. However, because it is a smaller, less expensive variant of the Hyundai Elantra 2.0L, expect fewer amenities. Meanwhile, let us know what you think of this 1.6L variant of the Elantra, which is already a hit in Pakistan.


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TECH NEWS

At WWDC 2022, Apple Will Unveil Two New Mac Devices

At WWDC 2022, Apple Will Unveil Two New Mac Devices

April 14, 2022 / By Zunair Tahir / Tech News

Apple is rumored to be preparing to unveil two new Mac products during its WWDC 2022 event in June 2022. Apple is expected to debut its much-anticipated MacBook Air only a few months after the Mac Studio and the Studio Display, according to speculations.

The Cupertino-based tech company has announced that the World Wide Developers Conference (WWDC) will begin on June 6 and run through June 10. WWDC 2022 will be held in Cupertino, California. Apple normally announces operating system upgrades during their WWDC event, but Bloomberg’s Mark Gurman says that the company is considering announcing more than just significant OS updates.


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Gurman claims that Apple will finally show off the next-generation MacBook Air, which was previously revealed by Jon Prosser. While Gurman hasn’t revealed any specifics regarding this year’s MacBook Air, it’s rumored to include an Apple M2 SoC and a new chassis. The Apple M2 is said to include 8 CPU cores split evenly between performance and efficiency, as well as 9-10 GPU cores.

To put it another way, the Apple M2 will have the same number of CPU cores as the Apple M1, but two more GPU cores. Other enhancements over the Apple M1, such as a smaller TSMC N4 manufacturing process, are said to be included in the Apple M2.

According to the rumor, Apple will not only show off iOS 16 and WatchOS 9, but it will also show off the next-generation MacBook Air, which will include an Apple M2 SoC and a revamped chassis. The Apple M2 is said to include 8 CPU cores split evenly between performance and efficiency, as well as 9-10 GPU cores.

In essence, the Apple M2 has the same number of CPU cores as the Apple M1, but it also has more GPU cores. Other features of the Apple M2 over the Apple M1 include a smaller TSMC N4 manufacturing process.

Furthermore, according to the source, Apple is going to announce a second Mac device at the WWDC, but he did not specify which device this would be, though he has suggested that it might be a new 24-inch iMac, an iMac Pro, a Mac Mini, a Mac Pro, or a MacBook Pro 13.


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Automotive News

Bookings For The Locally Assembled Haval H6 1.5T Begin On April 15th, With A Significant Price Reduction

Bookings For The Locally Assembled Haval H6 1.5T Begin On April 15th, With A Significant Price Reduction

April 14, 2022 / By Zunair Tahir / Automotive News

SWEL (Sazgar Engineering Works Limited) is preparing to introduce the locally manufactured Haval H6 1.5T in Pakistan, with reservations beginning on April 15, 2022. (Friday). In addition, the business has announced a significant price drop in Pakistan for the locally produced Haval H6.

Customers will be pleased to learn that SEWL is offering the domestically assembled H6 1.5T at a discounted price. The new Haval H6 1.5T pricing is:

Old Price (PKR)PKR 6,849,000/:
Revised Price (PKR)PKR 6,499,000/:
Decrease (PKR)PKR 350,000/:
Booking Amount (PKR)PKR 1,000,000/:

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Booking and Delivery

The Haval H6 1.5T has a booking fee of Rs. 1,000,000 in Pakistan, and the business will begin taking reservations on April 15, 2022. (Friday). In the meanwhile, deliveries of the vehicle is scheduled to begin in October 2022. However, when a Provisional Booking Order is issued, the company will confirm the actual delivery date (PBO).

HAVAL H6 DETAILS:

The Haval H6 1.5T is powered by a 1.5L turbocharged engine that produces 174 horsepower and 230 Nm of torque and is connected to a 7-speed Dual Clutch Transmission (DCT) system with a Front Wheel Drive (FWD) drivetrain.

SAFETYINTERIOREXTERIOR
6 Airbags10.25-inch Touchscreen InfotainmentLED Headlights
360 Camera6-Way Electric Adjustable Driving SeatLED DRLs
Traffic Sign Recognition4-Way Electric Adjustable Passenger SeatLED Taillights
Over Speed WarningPush StartLED Fog Lights
Electronic Stability Program (ESP)Keyless Entry18-inch Alloy Wheels
Traction Control System (TCS)Panoramic Sunroof
Brake Assist (BA)Wireless Charge
Adaptive Cruise ControlDual Zone Auto AC with Rear Vents
Roll Movement Intervention
Car Location Function

SEWL has positioned Haval H6 1.5T near to mid-range crossover SUVs with a price between Chery Tiggo 8 and Hyundai Tucson. This will allow the H6 to compete with all SUVs in its category as well as those above it. What are your thoughts on the new Haval H6 1.5T, which is being produced locally in Pakistan?

Please let us know in the comments section below.


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Automotive News

Booking For The Haval H6 2.0T Begins On April 15th

Booking For The Haval H6 2.0T Begins On April 15th

April 14, 2022 / By Zunair Tahir / Automotive News

However, Sazgar Engineering Works Limited (SEWL) has yet to release the official specs of this version, but given that the vehicle’s business Completely Built Unit (CBU) also came with a 2.0L Turbo Engine, it’s fair to presume that features would be comparable.

Haval H6 2.0T Price in Pakistan:

The Haval H6 2.0T is priced at PKR 7,499,000/: in Pakistan, which would be a difficult sell given the growing competition in the SUV market, with more well-known companies already providing cheaper options. Due to the poor resale value, Pakistani clients are hesitant to give a new name in the automobile sector a chance.

The vehicle’s specs have yet to be verified by the business, however the Haval H6 2.0T is likely to include the following features:


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2022 Haval Price List In Pakistan


Engine and Transmission

The Haval H6 2.0T is expected to be powered by a 2.0L Turbocharged 4b15d engine with 200 horsepower and 320 Nm of torque, linked to a 7-speed Dual Clutch Transmission (DCT).

Features

  • Panoramic Sunroof
  • 360 Camera View System
  • Cruise Control
  • Adaptation LEDs
  • Wireless Charge
  • Auto Wipers
  • 19-Inch Alloy Wheel
  • 6 Airbags
  • Tyre Pressure Monitoring System (TPMS)
  • Dual Zone Climate Control System
  • Electronic Parking Brake (EPB) + Auto Hold
  • Steering Wheel Audio Control
  • 12.3-Inch Color LCD Touch Display
  • Head-up Display (HuD)
  • Automatic Parking System
  • Electronic Stability Program (ESP)
  • Traction Control System (TCS)
  • Brake Assist (BA)
  • Adaptive Cruise Control
  • Roll Movement Intervention
  • Car Location Function
  • Traffic Sign Recognition

What are your thoughts on the new Haval H6 2.0T, which has just been released in Pakistan?

Please let us know in the comments section below.


READ MORE…

2022 Haval Price List In Pakistan
2022 MG Price List In Pakistan
2022 KIA Price List In Pakistan
2022 Proton Price List In Pakistan
2022 Peugeot Price List In Pakistan
2022 DFSK Price List In Pakistan
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