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May 19, 2022 / By Zunair Tahir / Business News

US dollar hit Rs200 in interbank trade on Thursday morning, up Rs1 from the previous day’s closing of Rs199, according to statistics from the Forex Association of Pakistan (FAP).

Around 11 a.m., the US dollar hit an all-time high of Rs200, according to the FAP.

The greenback had made a huge gain of more than Rs2 from Tuesday’s close and closed at Rs199 at the end of the session, the latest in a succession of new highs for the US currency since last Tuesday.

While the FAP reported the previous day’s closing rate as Rs199, the State Bank of Pakistan reported the rate as Rs198.39, which is still close to the Rs200 mark that the international currency is expected to reach earlier in the day due to the country’s rising import bill, growing current account deficit, and depleting foreign exchange reserves.

In the open market yesterday, the dollar had already touched Rs200.

‘The Darkest Day’

Some analysts are upset with the achievement. FAP Secretary General Zafar Paracha told Dawn.com that today was the “blackest day” in Pakistan’s history due to the current currency rate.

In a statement to Dawn.com, FAP chairperson Malik Bostan requested the Federal Board of Revenue (FBR) to issue statutory regulatory instructions for the execution of import restrictions.
Meanwhile, Asad Rizvi, a former Chase Manhattan treasury chief, told Mettis Global, a web-based financial data and analytics portal, that “pension costs, circular debt [of] Rs2.5 trillion, public entities [worth] Rs1.2 trillion, and fiscal deficit of nearly 8% are not sustainable and adding pressure” on the rupee.

Meanwhile, the “independent SBP” was “not bothered by the PKR collapse, perhaps waiting for [an] IMF decision,” according to the Mettis Global report.

Rising oil prices have already increased the country’s oil import expenses in recent weeks, and overall imports are also at an all-time high. Imports soared by 72 percent in April, leaving the government with no room to repair its external balance.

Furthermore, the central bank’s foreign exchange reserves have dropped to $10.3 billion, the lowest level since June 2020.

Currency traders believe the unexpectedly large import bill and little foreign investment were not supportive of the currency rate, while the government already faced a $13 billion current account deficit.

The news comes after Pakistani officials resumed talks with the International Monetary Fund (IMF) yesterday, in which Finance Minister Miftah Ismail sought to dispel doubts on two fronts: that the new coalition government would stay in power and take tough decisions, as well as that the original fund program’s reforms would be implemented and structural benchmarks would be met.

According to informed sources, the negotiations began on a positive note, with both parties agreeing on important concepts such as separating the state’s economic decision-making from politics.

According to these sources, the government would revise gasoline and energy prices within days and implement a complete ban, rather than increase tariffs, on a total of approximately 30 luxury products, including cars and cellphones, as well as some smaller things, to limit imports and therefore external accounts. These announcements will be made soon in order to forward discussions toward a satisfactory conclusion of the revised program.

The First Online Antique Car Museum In Pakistan Has Opened

May 19, 2022 / By Zunair Tahir / Automotive News

At the unveiling of Pakistan’s first online Antique Cars Museum at the Quaid-i-Azam House Museum here on Saturday, all of the country’s top antique automobile collectors were there, along with their cherished treasures.

Karim Chhapra was there with his resurrected 1924 Rolls Royce Silver Ghost, in which the Quaid-i-Azam had also travelled while it was owned by the Nawab of Bahawalpur.

He told Dawn that there has always been a demand for an online museum dedicated to the country’s antique and classic cars. “We, the collectors of these automobiles, were even promised land for a vintage car museum in Karachi, which never materialized.” So, because we don’t have the property, we’ll have to make do with an internet museum,” he explained.

Another antique automobile collector, Liaquat Malik, who was there with his 1961 ivory white Mercedes 190 SL and his brilliant yellow 1951 MG TD, remarked that because it was the age of social media, such a museum was necessary. “We will show the world our automotive legacy,” he stated.

Mansoor-ul-Islam, who is famed for hand-building historic vehicles, arrived in his ivory 1938 Rolls Royce Wraith. He also believed that such a museum would be a fantastic idea.

The idea for the online museum occurred to Shoaib Qureshi during the Covid-19 lockdowns two and a half years ago, he claimed. “We frequently attend vintage car exhibitions to promote our interest and our magnificent automobiles with the general public, but we needed a single platform for this purpose where we could display the majority of our vehicles.” This is the first online museum for vintage automobiles in Pakistan, where we can display the greatest of these vehicles not only in Pakistan but throughout the world,” he added.

“Look about you,” he added, pointing to the Porsches, Jaguars, Rolls Royce’s, Mercedes, and other luxury cars parked in the Quaid-i-Azam House Museum’s u-shaped parking lot.

“There are so many treasures here. Starting with 80 vehicles, antiquecars.com.pk will feature 100 vehicles at a time in order to retain quality above quantity. The oldest automobile on display is a 100-year-old 1922 Amilcar C4 from Islamabad, while the newest is a 35-year-old 1987 BMW two-door coupe from Karachi.

We also have Miss Fatima Jinnah’s two cars, her 1955 Series 62 Convertible Cadillac and her 1965 Mercedes Benz 200, in a virtual museum,” he said, gesturing to the two cars parked in their glass garage right there after restoration by Mohsin Ikram, president of the Vintage and Classic Car Club of Pakistan.

A 1930 Cadillac V16, 1926 Renault, 1930 Packard, 1935 Chevrolet Master, 1949 Lincoln Continental V12, 1954 Austin Healey, 1958 Corvette, 1963 Porsche 356, 1966 Aston Martin DB6 and a 1966 Amphicar are among the other worldwide rare, iconic, and costly antique vehicles in the collection.

They will have branded products in the shape of T-Shirts, hats, and other items in addition to displaying the antique automobiles and telling their histories on the museum website.

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On May 23, Oppo Will Release A Flagship Smartphone

May 17, 2022 / By Zunair Tahir / Tech News

Oppo’s Reno brand of smartphones is one of their most popular. It includes some of the company’s most popular phones and is available in practically every country.

The Chinese company is now preparing to introduce the newest Oppo Reno smartphone in China. On May 23, 2022, the Reno 8 clan will be formally established. It’s expected to include a new Qualcomm processor, most likely the Snapdragon 7 Gen 1, which will be unveiled in China later this week. MediaTek chips will be used in some models.

2022 CARS PRICE LIST IN PAKISTAN

The Reno 8, Reno 8 Pro, and Reno 8 SE are likely to be part of the Oppo Reno 8 portfolio. Because of earlier leaks, we already know the specs for these phones.

SPECIFICATIONS:

Reno 8 Pro will have a 6.7-inch OLED screen with 1080p resolution and a refresh rate of 120Hz. It will be powered by a 4,500 mAh battery with support for 80W rapid charging and a MediaTek Dimensity 8100 Max SoC. It will be offered in three colors: green, grey, and black.

The standard Reno 8 will sport a 6.62-inch E4 OLED display with 1080p resolution and a refresh rate of 120Hz. It will have a 4500 mAh battery with 80W quick charging and the forthcoming Snapdragon 7 Gen 1 processor.

Finally, the Reno 8 SE will sport a 6.43-inch OLED screen with a 90Hz refresh rate and a resolution of 1080p. It will be powered by MediaTek’s Dimensity 1300 chipset and have the same 4,500 mAh battery with 80W rapid charging.

There will be a triple camera configuration on the back of all three phones, as well as a 32MP front camera. Color OS will be installed on top of Android 12.

The Hyundai Elantra and Sonata Are Both Getting A Price Hike

May 16, 2022 / By Zunair Tahir / Automotive News

Hyundai Nishat has joined the price rise by raising the pricing of the Elantra GLS and both Sonata models, claiming higher shipping costs and local currency volatility.

The following are the new pricing, which are effective immediately:

Car Variant	Old Prices (Rs.)	New Prices (Rs.)	Increase (Rs.)
Elantra GLS	4,799,000	4,949,000	150,000
Sonata 2.0	6,859,000	6,999,000	140,000
Sonata 2.5	7,749,000	7,849,000	100,000

2022 Hyundai Price List In Pakistan

The Engineering Development Board (EDB) called a meeting last week with the CEOs of major local automakers, including Hyundai Nishat, to review recent pricing rises.

Before the meeting, EDB instructed the firms to present their cost structures and justifications for price increases. Only a couple of the eleven automakers volunteered their information, and the Ministry of Industries and Production (MoIP) objected strongly. The following are the new pricing, which are effective immediately:

The rate of price increases is far faster than the rate of increase in the US Dollar (USD) versus the Pakistani Rupee, according to the report (PKR). Automakers responded by claiming that increases in other operating costs have also led to price increases.

They pointed out that a freight container that used to cost $3,000 now costs $6,000, as well as rising raw material costs.

Finally, MoIP instructed the remaining firms to submit their cost structures within two days. It said that a follow-up meeting will be held soon in this respect.

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Tesla’s India Entrance Strategy Would Be Put On Hold

May 16, 2022 / By Zunair Tahir / Automotive News

According to three people familiar with the issue, Tesla has put plans to sell electric cars in India on hold, abandoned a search for showroom space, and moved members of its domestic staff after failing to negotiate reduced import taxes.

Tesla planned to gauge demand by offering lower taxes on electric cars (EVs) imported from production hubs in the United States and China, which resulted in a year of deadlock negotiations with government officials.

The Indian government, on the other hand, is urging Tesla to commit to local manufacturing before lowering import levies, which can be as high as 100%.

According to people familiar with Tesla’s plan, the business set a deadline of February 1 to see if their lobbying paid off, the day India announces its budget and reveals tax revisions.

According to the persons who asked anonymity because the conversations were private, Tesla put its plans to import cars into India on hold when Prime Minister Narendra Modi’s government refused to compromise.

According to two sources, Tesla had been exploring for real estate options in New Delhi, Mumbai, and Bengaluru for months, but that plan has also been put on hold.

Tesla did not reply to an email request for comment. The Indian government did not respond to a request for comment right away. Tesla’s modest team in India has been handed additional responsibilities for other markets.

According to his LinkedIn page, Manuj Khurana, the company’s India policy head, has been working in a new “product” function in San Francisco since March.

In January, Tesla CEO Elon Musk claimed the business was still “working through a lot of challenges with the government” in terms of sales in India. Increased demand for Tesla automobiles in other countries, as well as a dispute over import levies, prompted the adjustment in strategy. Modi has attempted to woo businesses with a “Make in India” campaign, but his transport minister, Nitin Gadkari, claimed in April that Tesla importing vehicles from China would be a “bad suggestion.”

New Delhi, on the other hand, won a triumph in January when Mercedes-Benz announced that it will begin manufacturing one of its electric cars in India.

Tesla had intended to gain a competitive advantage in India’s small but growing electric car industry, which is now dominated by Tata Motors.

Tesla’s starting price of $40,000 (about Rs. 31 lakh) would put it in the premium segment of the Indian market, where sales account just a small proportion of the country’s almost 3 million annual automobile sales.

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Poco Watch: Release Date And Specifications

May 16, 2022 / By Zunair Tahir / Tech News

The Poco Watch, Poco’s first smartwatch, will be available in stores globally soon

On April 26, at 5:30 p.m. IST, the event will commence. Poco also used social media to promote the watch, which features a square-shaped dial with curving corners.

At first glance, the Poco Watch looks similar to Apple Watch smartwatches. It will be available with the Poco F4 GT gaming smartphone.

Apple Iphone 14 Pro Max Price and Specs In Pakistan

POCO Watch Specifications:

Meanwhile, an online tabloid has released the design and features of the Poco Watch ahead of its official launch.

According to the source, the Poco Watch sports a square AMOLED display with a viewing surface of 1.6 inches. The Apple Watch (41mm) has a 1.9-inch viewing area in comparison.

Users may browse selections throughout the UI using a button on the right spine.
Users will be able to pick choices by scrolling across the screen. The watch is said to come in three different colors: black, blue, and white.

It has a traditional metal-buckle strap attachment technique, which some customers may find outdated for a smartwatch.
According to the source, the Poco Watch would be able to monitor heart rate and blood oxygen levels (SpO2). This watch is expected to weigh around 31 grams and contain a 225mAh battery.

The overall measurements might be 39.1 x 34.4 x 9.98mm. Finally, the smartwatch may feature a 5 ATM water resistance certification.

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Lamborghini Confirms Electric Urus Will Debut Soon

May 14, 2022 / By Zunair Tahir / Automotive News

The Lamborghini Urus is presently one of the most powerful and costly SUVs on the market. This appears to be insufficient for some clients, since the Italian business is working on a more extreme version, which will be released later this year. We’re afraid we’ll have to disappoint you if you were expecting for a completely electric version. It will most likely happen, but not with this generation of Urus.

Drive recently got the opportunity to get down with Lamborghini design chief Mitja Borkert and discuss a variety of issues. A inquiry concerning a possible zero-emissions edition of the super-SUV was one of them, and Borkert originally affirmed the EV but then backed down a bit.

“Sooner or later, the Urus will become electric… to be honest, the world’s legislation, as well as societal acceptability – the trend is definitely headed in this direction,” the designer told the Australian outlet. “I’m not suggesting the Urus replacement will go electric right now, but electrification makes more sense for these sorts of automobiles.”

Borkert’s statements are tough to interpret, but we may deduce that the executives in Sant’Agata Bolognese are at least contemplating an electric Urus. It appears that it will not be ready with this model generation. Given that its successor won’t come until 2028, we’ll have to wait until the end of this decade to witness the Urus EV.

Borkert affirmed that, as far as the remainder of Lamborghini’s portfolio is concerned, the business will supply combustion power for as long as it is legally possible. However, the transition to electric powertrains is unavoidable. “People are still taught that V10 is emotional, but I’m not sure if young children will be satisfied with this in forty years. I, too, am a fan of the internal combustion engine, but I have no reservations about making the switch to electric.”

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Apple Iphone 14 Pro Max Price and Specs In Pakistan

May 13, 2022 / By Zunair Tahir / Tech News

The design and important features of the next iPhone 14 series have been confirmed by a number of sources. Furthermore, a recent leak has hinted at the series’ pricing leak. According to reliable source Leaks Apple Pro, the iPhone 14 Pro Max will cost $1199.

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To put it another way, an iPhone 14 Max will cost around $200 less than an iPhone 14 Pro Max. Let’s break this down now. An iPhone 13 Pro Max costs $1099, putting the iPhone 14 Max at $899 — a $200 premium over the $699 iPhone 13 Mini it replaces. But not right now.

Apple Iphone 14 Pro Max Price in Pakistan

In Pakistan, the Apple iPhone 14 Pro Max is expected to cost Rs. 167,700. [Expected]

Apple Iphone 14 pro Specifications:

iPhone 14 Max Specifications
• 6.68" Flexible OLED Screen
• (2778×1284) Resolution & 458 PPI
• 90Hz Refresh Rate
• A15 Bionic (5nm TSMC)
• 6GB LPDDR4X RAM
• 128GB/256GB Storage
• Dual Rear Camera (12MP+12MP)
• Face ID
• Notch

🫧 6GB+128GB: $899
— Sam (@Shadow_Leak) May 5, 2022

MOBILE RAM	6 GB
MOBILE PROCESSOR	Apple A15 Bionic (5 nm)
FRONT CAMERA	12 MP + 12 MP + 12 MP + TOF
REAR CAMERA	12 MP + SL 3D
BATTERY	3687 mAh
DISPLAY	6.7 inches

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5 Easy Tips To Increase The Life Of Your Car’s Clutch

May 14, 2022 / By Zunair Tahir / Automotive Blogs

Today we’ll discuss one of the most crucial components of an automobile, without which it would never work. The vehicle’s clutch. To be clear, we will discuss non-electric vehicles because electric vehicles do not utilize transmission. To be clear, we will only discuss a manual gearbox and how to extend the clutch’s life.

How To Increase Clutch Life?

Regardless of how you look at it, because the clutch is based on friction, it will ultimately wear out and need to be replaced. However, there are a few easy steps you can do to extend its life, and the most significant reason to do so is that clutch replacement is an expensive procedure. So there you have it:

Tip # 1 Don’t Ride The Clutch

The majority of them have a propensity of resting their foot on the clutch. This is a terrible habit to get into since even the tiniest exertion causes the pressure plates to compress. As a result, some of the friction plates will come into contact, causing needless wear and strain. Make sure your foot isn’t resting on the clutch while you’re not using it. Either fully depress the clutch pedal or leave it unpressurized. This is the easiest approach for extending the life of an automotive clutch.

Tip # 2 Don’t Use The Clutch Every Time You Brake

Another typical poor behavior is pressing both the brake and clutch pedals at the same time while braking. Not only does this result in superfluous clutch usage, but it also removes a significant amount of braking power from the engine. The widespread consensus is that you should utilise your clutch just before the engine starts to struggle and shut out while braking. If your car’s speed is too low for the gear picked, the basic guideline is to compress the clutch. So, if you want to slow down, only use the clutch when you need to shift gears. Keeping the clutch pushed as soon as you brake might help you slow down faster.

Tip # 3 Use Neutral While Waiting At Signals

This is quite straightforward, and we’ve seen a lot of folks do it when stopping at a light. Pressing the clutch while waiting for the signal is a bad idea, even if it’s only for 5 seconds, because it increases clutch usage when you could just put the car in Neutral. Leaving the clutch pedal depressed when not in use is a guaranteed method to shorten its lifespan.

Tip # 4 Use Handbrake On An Uphill

Many individuals use the clutch to stop their automobile from rolling backwards when stopping on an uphill slope. You won’t have enough juice left to drive ahead without jerks if you do this, and you’ll be putting a lot of strain on the clutch. Instead, take your foot off the brakes and utilize the handbrake. Release the clutch and handbrake while boosting the throttle at the same time to get going. This may appear to have a lot going on at once, but when done correctly, it is more comfortable and reduces the pressure on your clutch.

Tip # 5 Use The Clutch Only When You Have To

We recognize that clutching is quite important and probably on the higher side when living in congested cities. And no, we’re not asking you to abandon the clutch totally; rather, we’re advising you to use it more carefully. In the end, the clutch should only be engaged and disengaged when absolutely essential. Furthermore, if you do (dis-)engage it, do so with caution. Always attempt to keep the time you don’t fully push the clutch pedal to a minimum (as the clutch slips it will chafe against the flywheel, gently wearing it out). Avoid touching the clutch whenever possible (mostly during the highway runs).

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The Samsung Galaxy Z Flip 4 Will Resemble The Z Flip 3

May 13, 2022 / By Zunair Tahir / Tech News

We first saw the Samsung Galaxy Z Fold 4 yesterday, and now we have new renderings for the Z Flip 4 from the same source, the well-known Inleak’s. He’s provided detailed renderings of the Z Flip 4 that show the foldable looking nearly identical to its predecessor.

Samsung’s Cheapest Phone With 108 Megapixel Camera

Samsung Z Flip 4 Specifications:

According to the source, the Z Flip 4 is somewhat thicker than the previous (7.2mm vs. 6.9mm), but has the same 6.7-inch screen. Previous rumor’s suggested that the cover display will be larger this year, but this doesn’t appear to be the case in these models.

Take a look at the illustration below.

According to rumor’s, the Z Flip 4 will have a somewhat larger battery, maybe due to the thicker body. The phone might be powered by the Snapdragon 8 Gen 1+, which is expected to be built on TSMC’s 4nm technology but has yet to be confirmed. There will be a more difficult show as well.

We’re still a few months away from the formal debut, but leaks have gotten more prevalent recently, so we shouldn’t have to wait long to learn more about the two foldable. The Galaxy Z Flip 4 and Z Fold 4 will be released in the second half of 2022.

Updates Will Be Provided When They Become Available

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Meteoric Dollar Smashes All Records & Reaches Rs200 In The Interbank Market

US dollar hit Rs200 in interbank trade on Thursday morning, up Rs1 from the previous day’s closing of Rs199, according to statistics from the Forex Association of Pakistan (FAP).

‘The Darkest Day’

The First Online Antique Car Museum In Pakistan Has Opened

At the unveiling of Pakistan’s first online Antique Cars Museum at the Quaid-i-Azam House Museum here on Saturday, all of the country’s top antique automobile collectors were there, along with their cherished treasures.

On May 23, Oppo Will Release A Flagship Smartphone

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SPECIFICATIONS:

The Hyundai Elantra and Sonata Are Both Getting A Price Hike

Tesla’s India Entrance Strategy Would Be Put On Hold

According to three people familiar with the issue, Tesla has put plans to sell electric cars in India on hold, abandoned a search for showroom space, and moved members of its domestic staff after failing to negotiate reduced import taxes.

Poco Watch: Release Date And Specifications

The Poco Watch, Poco’s first smartwatch, will be available in stores globally soon

POCO Watch Specifications:

Lamborghini Confirms Electric Urus Will Debut Soon

Apple Iphone 14 Pro Max Price and Specs In Pakistan

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Apple Iphone 14 Pro Max Price in Pakistan

Apple Iphone 14 pro Specifications:

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5 Easy Tips To Increase The Life Of Your Car’s Clutch

How To Increase Clutch Life?

Tip # 1 Don’t Ride The Clutch

Tip # 2 Don’t Use The Clutch Every Time You Brake

Tip # 3 Use Neutral While Waiting At Signals

Tip # 4 Use Handbrake On An Uphill

Tip # 5 Use The Clutch Only When You Have To

READ MORE NEWS…

The Samsung Galaxy Z Flip 4 Will Resemble The Z Flip 3

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Samsung Z Flip 4 Specifications:

Updates Will Be Provided When They Become Available

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