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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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Samsung’s Cheapest Phone With 108 Megapixel Camera


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.


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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
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TECH NEWS

Samsung’s Cheapest Phone With 108 Megapixel Camera

Samsung’s Cheapest Phone With 108 Megapixel Camera

April 11, 2022 / By Zunair Tahir / Tech News

Samsung Has Introduced The Galaxy M53 5G Smartphone.

The highlight of the phone is its powerful camera and large display.

By the way, this phone is very similar to the Galaxy A73, but it has a different processor.

The Galaxy M35 5G has a 6.7-inch Super AMOLED Plus display with 120 Hz refresh rate support.


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The price of the phone has not been announced yet but it will probably be Samsung’s cheapest phone with a 108 megapixel camera. With the smart and sleek design and with the Super AMOLED Plus display with 120 Hz refresh rate support. Buyers can also enjoy high speed games and and good quality videos. Inside the phone is MediaTek’s Dementia 900 processor good for gaming and processing other apps.

Samsung M53 SPEC:

The back of the phone will have a setup of 4 cameras with a main camera of 108 megapixels with 8 megapixel Ultra Wide, 2 megapixel macro and 2 megapixel depth cameras. The Galaxy M35 has a 5000 mAh battery with 25 watt fast charging support and with MediaTek’s Dementia 900 processor.

Samsung company has not been announced the price of the Samsung M53 5G Smartphone and the release date has also not been announced yet hope the price will be cheap and more and more people can afford and buy the phone and enjoy it.


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Automotive News

Pakistan Is Now Proton’s Largest Export Market

Pakistan Is Now Proton’s Largest Export Market

April 7, 2022 / By Zunair Tahir / Automotive News

Proton is steadily extending its global presence, with Pakistan being its most important export market. According to Paul Tan, a famous Malaysian news site, the manufacturer exported 794 units to foreign markets in March 2021, with 690 of those going to Pakistan.


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What is Causing Pakistan’s Automobile Costs to Rise?


In March 2022, Proton sold a total of 13,028 units (in Malaysia and other countries), a 41 percent increase over the previous month, with the Saga being the best-selling model with 6,422 units. The X70 SUV was the second best seller, with 2,320 units sold in a month.

Proton has a huge market share in Malaysia, but it isn’t quite as successful in Pakistan. Slow sales, delayed local manufacture, extended delivery periods, and a resulting drop in demand are some of the causes behind this.

Proton only sold 1,233 cars in Pakistan in 2021, according to data compiled by AutoJournal.pk. Only 181 of these units were locally produced, with 1,052 being CBUs.


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Following the de-intensification of COVID19 limitations and the resulting ease of commerce with Malaysia, Al-Haj Automotive recently stated that it is scaling up local manufacture of Proton automobiles.

According to market sources, Proton now has a backlog of over 1,000 reservations, resulting in a delivery delay of up to a year for new reservations. Previous customers have been enraged by these faults, and new purchasers have been turned off by Proton.

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Automotive News

Hyundai Elantra Sees A Significant Rise In Prices

Hyundai Elantra Sees A Significant Rise In Prices

April 7, 2022 / By Zunair Tahir / Automotive News

HNMPL (Hyundai Nishat Motors Private Limited) has announced a significant price increase for the Elantra. This statement comes two weeks after the Hyundai Tucson’s price increase.

MODELHyundai Elantra GLS
Old PricePKR 4,399,000 EST
50% Revised Price (Rs.)PKR 4,599,000 EST
100% Revised Price (Rs.)PKR 4,799,000 EST
Increase (Rs.)PKR 400,000 EST

The automakers’ car costs have been reasonably stable over the previous two years. Analysts have predicted stormy times for the car sector this year.


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2022 Hyundai Price List In Pakistan


Mashood Khan, chairman of the Pakistan Association of Automotive Parts and Accessories Manufacturers (PAAPAM), indicated last month that rising freight costs, rising raw material expenses, and the depreciation of the Pakistani rupee will continue to cause havoc on automobile pricing.

HNMPL, like a number of other automakers, will adopt the revised pricing in the following order:

  • Those who paid in full by April 5th, 2022, and expect delivery in June will be charged the previous price.
  • Those who paid in full before April 25th, 2022, and expect delivery in May or June, will face a 50% price increase.
  • Those who order new Elantras after April 5, 2022, will be charged the full price hike.

He, like numerous others, pointed to the current Ukraine-Russia war as a major impediment to global commerce and a contributing factor to the looming catastrophe. More price spikes are likely in the future, based on these details.


READ MORE NEWS…
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The Price Of The Proton X70 Has Skyrocketed.
PEUGEOT Officially Launches Operations in Pakistan
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TECH NEWS

Chinese Company Offers Cheap 5G Phones

Chinese Company Offers Cheap 5G Phones

April 4, 2022 / By Zunair Tahir / Tech News

Xiaomi, one of the world’s largest smartphone makers, has launched a low-end feature phone for sale in the international market.
According to technology website Gadgets 360, the 195-gram Redmi Note 11S 5G has been launched with a 6.6-inch Full HD display.

MOBILE SPECIFICATIONS:

It offers good display with 1080×2400 pixels resolution, dot display, touch sampling rate of 240 Hz and refresh rate of 90 Hz. The Redmi Note 11S 5G has a MediaTek Dynasty 810 SOC chip set.

With 6 GB RAM comes 128 GB storage which can be expanded up to one terabyte (one thousand GB) with the help of microSD card.
The Redmi Note 11S 5G has three cameras set up. The main camera is 50 megapixels, the secondary camera is 8 megapixels with ultra wide shooter and the third camera is 2 megapixels with micro shooter.


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There’s a 13-megapixel selfie camera on the front for selfies, v-logging and video calling.

Xiaomi’s own operating system MIUI 13 is based on the Redmi Note 11S 5G, which is based on Android 11.
The security features of the phone include side-mounted fingerprint sensor, while other sensors include infrared blaster, NFC, accelerometer, magnetometer, proximity, compass sensor and ambient sensor.

The Redmi Note 11S 5G is powered by a 5000 mAh battery and is capable of fast charging with a 33 watt ProFast charger. Xiaomi’s midrange phone is marketed in two variants with 4GB RAM with 64GB and 6GB RAM with 128GB storage.
The variant with 4 GB RAM and 64 GB storage is offered for 279 Dollar (51,000 Pakistani) and the 128 GB storage model with 6 GB for 299 Dollar (54,500 Pakistani).

The Redmi Note 11S 5G is offered in three bright colors:

  • Midnight Black
  • Star Blue
  • Twilight Blue shades

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