Automotive News

Are GAC New Cars Being Introduced In Pakistan?

Are GAC New Cars Being Introduced In Pakistan?

September 29, 2022 / By Zunair Tahir / Automotive News


SUPERPAK Engineering (pvt.) ltd. first hinted at GAC Motor, a new SUV producer in Pakistan, last year. Chinese state-owned automaker Guangzhou Automobile Group (GAC) manufactures and markets passenger automobiles in more than 120 nations.

A year ago, Mukhtar Ahmad. Ahmad said during the conversation that the business will introduce a Completely Built-Up (CBU) facility in Pakistan in November 2021. Ahmad further said that GAC will release a compact sedan and a compact crossover SUV in Pakistan in 2022.

ALSO READ: Pakistan Suzuki Unveils the Alto VXR AGS With ABS

Last year, the business started using social media to promote the GS3 subcompact crossover SUV. However, the business has been inactive on social media as well since May 2022.

According to credible market sources, All About Cars has found that SUPERPAK’s plans are presently in limbo as a result of the continued economic climate, local currency depreciation, tax rate increases, and import limitations from the State Bank of Pakistan for the automobile sector (SBP).

We made an attempt to get in touch with Ahmad to ask him about this news and are currently waiting for a response.

Launch Delays

Additionally, we just learnt that the introduction of the HR-V and Every Wagon, respectively, are being delayed by Honda Atlas Cars Limited (HACL) and Pak Suzuki Motor Company (PSMC). Both businesses made suggestions that their new products might debut at the Pakistan Auto Show (PAS) in 2022.

All automakers have postponed the introduction of new vehicles as a result of these issues. The insider also said that until the current upheaval ends, which might not be until Q2, 2023, auto-sector activity will stay subdued.

ALSO READ: Rupee Strengthens More Against The Dollar Following Ishaq Dar’s Warning

The following issues have developed since then:

  • Within the past two months, the US Dollar (USD) rate has twice achieved an all-time high.
  • Automobile manufacturers have reduced output as a result of the State Bank of Pakistan (SBP) banning imports.
  • The government has announced increases in tax rates for certain automobile classes.
  • Up to 20 percent has been added to car costs.
  • Vehicle sales have drastically decreased.

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TECH NEWS

What Fresh Features Will Meta Be Introducing To Its Facebook & Instagram Users?

What Fresh Features Will Meta Be Introducing To Its Facebook & Instagram Users?

September 29, 2022 / By Zunair Tahir / Tech News


What fresh functionality is Meta planning to provide its users?

Users of Facebook and Instagram may now access, create, and switch between many identities and profiles within the two apps thanks to new functionality made available by Meta, the parent company of both platforms.

Users must add both accounts to the same Accounts Centre in order to enjoy the services.

Users will be able to browse both profiles in one location thanks to the new capabilities, according to Meta. In order to be informed about activity on both platforms, they may also view notifications for each profile.

Globally, Meta is testing this function on iOS, Android, and the web.

Users will be able to log in and create new accounts on Facebook and Instagram using the newly implemented account registration and login experience.

New users can register for an account and join up for multiple platforms using that account. Additionally, users who have accounts on both Facebook and Instagram can access the second app using their login credentials from the first.

Their accounts must be in the same Accounts Center for this to be possible. On both iOS and Android, this functionality is undergoing worldwide testing.


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Pakistan News

Rupee Strengthens More Against The Dollar Following Ishaq Dar’s Warning

Rupee Strengthens More Against The Dollar Following Ishaq Dar’s Warning

September 29, 2022 / By Zunair Tahir / Pakistan News


Following a change in leadership at the Ministry of Finance and a warning from Ishaq Dar to the speculators using the local currency, the rupee appreciated versus the dollar on Thursday for the fifth straight trading day.

The dollar’s value in the interbank market dropped during intraday trade from the previous session’s finish of 232.12 to 231 per rupee.

ALSO READ: Provincial Government To Prevent Unjustified Profiteering: Ahsan Iqbal

The PML-N supremo Nawaz Sharif’s close aide Ishaq Dar’s reappointment as the nation’s finance minister has contributed to bettering sentiment, while the decline in global commodity prices fueled the rupee’s advance.

Dr. Khaqan Hassan Najeeb, an economist and former consultant to the federal ministry of finance, stated in an interview with Geo.tv that the first factor is a shift in market attitude brought on by a change in leadership at the finance ministry.

The previous advisor claimed that “the new team is viewed to be more sensitive of rupee movement and so leaning toward more orderly progress.”

Second, he pointed out that several fundamentals had improved, particularly the drop in oil and other important commodity prices, which may assist to lower the volume of imports.

Fortunately, the government’s administrative actions and the dropping global commodity prices will likely keep the current account deficit under control.

The rate of inflation has also likely reached its peak and is anticipated to decline during the ensuing months.

Dr. Najeeb added that the World Bank and the Asian Move Bank’s confirmation to give flood assistance is a market-supporting development.

The analyst went on to say that although it seems improbable, the potential for reconsideration and relaxation of some criteria by the International Monetary Fund (IMF) owing to the impact of the floods is boosting the rupee’s value.

The new finance czar asserts that the value of the local unit is undervalued and that he would try to control inflation by decreasing interest rates. He has firmly supported intervention in currency markets during his three prior tenures in the position.

Dar has also forwarded a warning to investors not to manipulate the currency markets.


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Automation News

Weintek E-News: Did You Choose The Right Product To Upgrade The Network Connectivity Of Your Equipment?

Weintek E-News: Did You Choose The Right Product To Upgrade The Network Connectivity Of Your Equipment?

September 29, 2022 / By Zunair Tahir / Automation News


Putting current equipment on the network is the first step toward smart production. Traditionally, this is accomplished by installing a communication/expansion module, a “special-purpose module” made specifically for the system; but, when there are hundreds of machines in a plant, all of various brands and ages, it might be difficult to locate one for every machine.

The “general-purpose gateway” provides a workable substitute in the interim. To address the limitations of extension modules, general-purpose gateways like Weintek’s Gateway Series enable a wide range of protocols, enabling flexible device integration at a significantly reduced cost.

ALSO READ: cMT-SVRX Next Generation HMI For Smart Monitoring

Is it possible for a general-purpose gateway to take the place of a special-purpose module and emerge as the top option for network integration? Let’s examine their primary purposes, cost effectiveness, and application adaptability to provide a solution.

When it comes to their primary function of protocol conversion, special-purpose modules and general-purpose gateways may appear to be comparable.

However, the general-purpose gateway is better able to handle the issue of a large number of devices of various sorts than special-purpose modules could. Furthermore, as seen above, the general-purpose gateway and the solution it offers have an advantage in connectivity, development costs, and feature offerings.

Smart Gateway:

In addition to supporting several protocols, a good gateway solution should also be flexible, simple to use, and reasonably priced. In addition to 400+ PLC drivers and the industrial protocol standards OPC UA, MQTT, and MODBUS TCP/IP, Weintek’s Gateway Series, which was created as a general-purpose gateway, also allows data sampling and event reporting, the results of which may be synced to MySQL or MS SQL databases.

Additionally, it combines EasyAccess 2.0’s email and push notification features to communicate device statuses instantaneously, enabling more intelligent site monitoring. And EasyBuilder Pro, the program, has all of the aforementioned settings set up.

The Gateway Series from Weintek offers a wide range of connecting options to meet various needs. Do you want to give your computer network connectivity? Why not begin with the Gateway Series from Weintek?

More about Weintek Gateway Series: Visit Our Website


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Pakistan News

Provincial Government To Prevent Unjustified Profiteering: Ahsan Iqbal

Provincial Government To Prevent Unjustified Profiteering: Ahsan Iqbal

September 29, 2022 / By Zunair Tahir / Pakistan News


Today in Islamabad, Professor Ahsan Iqbal, Minister for Planning, Development, and Special Initiatives, presided over a National Price Control and Monitoring Meeting to evaluate the progress of the decisions made at the previous NPMC meeting.

There were officials from the Ministry of Finance, line ministries, the FBR, the Trading Corporation of Pakistan, the Utility Stores Corporation of Pakistan, PASSCO, and the Chief Economist, Dr. Nadeem Javaid.

ALSO READ: Inauguration Of Ishaq Dar As New Finance Minister

The Minister evaluated the actions taken by the respective departments and the resultant impact on the trend in pricing of basic products in light of the recent floods that caused damage to staple food commodities like wheat, potatoes, tomatoes, and other crops.

Sensitive Price Index Report was presented by the Pakistan Bureau of Statistics (PBS) (SPI). According to reports, production of ten necessities—including power, tomatoes, LPG cylinders, bananas, garlic, pulse masoor, and cooking oil—has decreased during the last week.

Wheat was included in the report on commodities with rising prices. The estimate comprising 17 cities and derived from various provinces was also considered at the conference.

It should be mentioned that the Sensitive Price Index (SPI) is calculated on a weekly basis in order to examine the country’s price situation and gauge how vital commodities are changing in price over shorter time periods.

The Pakistani Competition Commission gave an analytical study on the nationwide profiteering phenomenon. The Minister gave the order to dissuade shops from making excessive profits and to implement real solutions in this regard.

READ MORE: In Pakistan, Petrol Prices May Decrease By Rs.5 & Diesel Prices By Rs.15

Due to the enormous pricing differences between the wholesale and retail marketplaces. The minister further ordered the administration in Islamabad and the provincial governments to work together to reduce the profit margins between the wholesale and retail costs of necessities.

The Planning Minister instructed Provincial administration to closely monitor profiteering and to keep all associations informed in order to distribute aid to the general public.

The Ministry of Industries informed the public that the price of palm oil has significantly decreased on the global market; nevertheless, the local market would not immediately feel the effects of the substantial reduction on the global market.

The Minister of Industries was instructed to secure a 20 rupee reduction in Ghee/edible oil costs within the upcoming month.

The conference was informed that the destruction caused by floods has resulted in a significant reduction in the supply of commodities, which has increased prices overall. The Minister emphasized that the Laya supply of wheat should have a significant influence on Balochistan’s wheat prices.


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Sport News

In T20Is, Rizwan Maintains The Top Spot While Haris Rises To The Top

In T20Is, Rizwan Maintains The Top Spot While Haris Rises To The Top

September 28, 2022 / By Zunair Tahir / Sport News


Haris Rauf, who had outstanding performances against England, is ranked as the 14th best bowler.

The top players for India and Pakistan have seen significant increases in the most recent ICC Men’s Player Rankings for T20 Internationals.

Mohammad Rizwan, an experienced batsman, has reclaimed the top place in the batting rankings because to his outstanding performances in the current seven-match series against England.

In the second, third, and fourth T20Is against England, Rizwan scored 88*, 8, and 88 runs, respectively, to enable him hold onto first place. With the series tied at 2-2 going into Wednesday’s fifth game, his contributions helped Pakistan win the second and fourth T20Is.

ALSO READ: Pakistan Win By 3 Runs In Dramatic Finish At Karachi

Suryakumar Yadav of India has moved up to No. 2 as a result of his brilliant 69 off 36 deliveries in the third Twenty20 International against Australia in Hyderabad. His performance enabled India to defeat its 187-goal and win the series 2-1.

Babar Azam, the captain of Pakistan, earned his second T20I century of his career against England in the second T20I, propelling him to No. 3 in the batting rankings.

Aaron Finch, the captain of Australia, climbs one spot to No. 5 following his 31-run innings in Nagpur’s second Twenty20 international match against India.

One of the top gainers in the batting rankings is England’s rising star Harry Brook, who rose a staggering 118 spots to No. 29. With scores of 31, 81*, and 34 in the past three T20Is against Pakistan in Karachi, Brook has won over fans large and small with his aggressive batting.

Following his passionate efforts in the T20I series against England, pacer Haris Rauf has created quite an impression on the bowling rankings. Rauf has moved up seven positions to No.14 thanks to performances of 2/30, 0/39, and 3/32 in the past three games.

Axar Patel finished with the most wickets in the series against Australia, and his performances of 2/13 and 3/33 in the last two games have helped him move up to No. 18 in the rankings.

After underwhelming performances in the series between India and Australia, pacer Bhuvneshwar Kumar (down to No. 10) and spinner Adam Zampa (down to No. 6) have both dropped one spot apiece.

Mohammad Nabi, the captain of Afghanistan, has supplanted Shakib Al Hasan as the top all-rounder in the rankings. After his outstanding performances in the series against Australia, Hardik Pandya has also climbed into the top four.

In the past two T20Is against Australia, Pandya recorded scores of nine and 25* while also contributing with a few useful overs. Wanindu Hasaranga, another all-around player from Sri Lanka, and he are currently tied for fourth place.

As nations ramp up their preparations for the ICC Men’s T20 World Cup 2022 in Australia, which begins in October, there will be a tons of T20 International matches coming up. As a result, players will be vying for spots in the rankings tables.


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Automotive News

F1: Zhou Guanyu Will Continue At Alfa Romeo Till 2023

F1: Zhou Guanyu Will Continue At Alfa Romeo Till 2023

September 28, 2022 / By Zunair Tahir / Automotive News


Alfa Romeo has given Zhou Guanyu a new contract, keeping the first full-time F1 driver from China with the club through 2023 together with Valtteri Bottas.

The 23-year-old made a strong start by earning a point in his race debut in Bahrain. He then backed it up with two further point finishes at the Italian Grand Prix and in Canada.

His “passion and attitude,” according to Alfa Romeo, have pleased them, and he has shown “levels of maturity and runecraft that belie his youthful age.”

Alfa Romeo chose to extend Zhou’s contract for a second season in part because of the close bond he has developed with teammate Bottas, who is signed for several seasons.

Before this weekend’s Singapore Grand Prix, Alfa Romeo CEO Fred Vasseur remarked, “I am looking forward to continuing working with Zhou.”

“He has impressed me with his approach to work, which is usually a very good attribute, ever from his first day with the squad, in the Abu Dhabi test last year. We were aware of his speed, but one of our season’s biggest shocks has been how quickly he learned how to adjust to Formula 1.

Everyone on the team like both his personality and attitude since he is such a great person. He has the wisdom to use all the knowledge he has acquired to get better race each race, as well as the humility to learn from the engineers and Valtteri.

“He will be able to rely on this experience next season, and I am confident he can make another progress as we continue to build our squad.”

“I am pleased and appreciative to Alfa Romeo F1 Team for the opportunity to remain a member of the team for another season,” Zhou continued.

The team has been wonderfully helpful, embracing me from day one and assisting me in adjusting to the most challenging series in motorsport. “Making it to Formula 1 was a dream come true and the thrill of participating for the first time in a race will be with me forever,” the driver said.

“There are still things I want to accomplish in this sport and with the team, and the diligent effort we have been putting in since the beginning of the year is only the first step toward where we want to be next season.

There is still much to learn and grow in, but I am confident in our work and eagerly awaiting the next chapter of our tale.

Bottas has 46 points so far this season compared to Zhou’s six, but it’s believed internally that Zhou’s total would be significantly higher if it weren’t for a string of technical issues.


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Pakistan News

Inauguration Of Ishaq Dar As New Finance Minister

Inauguration Of Ishaq Dar As New Finance Minister

September 28, 2022 / By Zunair Tahir / Pakistan News


Ishaq Dar, a prominent member of the Pakistan Muslim League-Nawaz (PML-N), was sworn in as the nation’s new finance minister on Wednesday.

At the Aiwan-i-Sadr, the oath was delivered by President Dr. Arif Alvi. At the oath-taking event, attendees included Interior Minister Rana Sanaullah and Prime Minister Shehbaz Sharif.

ALSO READ: In Pakistan, Petrol Prices May Decrease By Rs.5 & Diesel Prices By Rs.15

“To bear genuine faith and devotion to Pakistan,” Dar said at the event. “To fulfil its responsibilities honestly to the best of its capacity and truthfully in line with the Constitution of the Islamic Republic of Pakistan and the law.”

“I shall work to protect the Islamic ideology that served as Pakistan’s foundation. The new minister recited the words of the oath while reading it. “That I will not permit my personal interests to affect my official behaviour or my official choices,” he stated.

The action was taken when Miftah Ismail, a former finance minister, resigned from his position to make room for the PML-N senator.

Following a crucial party conference presided over by party leader and former prime minister Nawaz Sharif in London, the choice to choose Dar as the next finance czar was decided. Sen. sworn into office

Ishaq Dar took the oath of office as a senator on Tuesday amidst protests from Pakistan Tehreek-e-Insaf (PTI) MPs.

Dar took the oath of office from Senate Chairman Sadiq Sanjrani after returning to Pakistan earlier in the day after nearly five years in the UK on a “medical leave.”

While on trial for corruption in 2017, the PML-N leader had fled the nation.

Leaders of the PML-N greeted him by thudding their desks as he walked into the Senate hall.

However, PTI senators gathered around the chairman’s rostrum when he was taking the oath of office and yelled things like “absconder.”


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Pakistan News

In Pakistan, Petrol Prices May Decrease By Rs.5 & Diesel Prices By Rs.15

In Pakistan, Petrol Prices May Decrease By Rs.5 & Diesel Prices By Rs.15

September 27, 2022 / By Zunair Tahir / Pakistan News


Due to a substantial reduction in POL rates in foreign markets, petroleum product prices are expected to drop by up to Rs 15 starting on October 1st, according to industry sources on Tuesday.

According to estimations made by specialists in the oil business, the price of diesel may drop by Rs. 15 and that of gasoline may drop by Rs. 5 during the course of the next two weeks.

  • POL costs are anticipated to decline starting on October 1.
  • The cost of diesel may decrease by Rs 15.
  • Prices for gas might be reduced by Rs5.

ALSO READ: Current Fuel Prices In Pakistan

They stated that the new price will be determined based on the price of oil on the global markets through September 29.

“The POL prices will drop if the government chooses to keep the fuel levy at the existing percentage,” they continued.

The government is required to charge a fee on petroleum products as part of an agreement with the International Monetary Fund (IMF).

The application of a petroleum levy on gasoline is now set at Rs37.50 per liter and on diesel at Rs7.50 per litre, according to a notification released on September 1.

ALSO READ: Pakistan Suzuki Unveils the Alto VXR AGS With ABS

On September 21, the government raised the price of gasoline from Rs235.98 to Rs237.43 while maintaining the price of High-Speed Diesel (HSD) at Rs247.43.

Kerosene’s price was cut by Rs. 8.30, from Rs. 210.32 to Rs. 202.02, while light diesel oil’s price was cut by Rs. 4.26, from Rs. 201.54 to Rs. 197.28.


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Sport News

Pakistan Win By 3 Runs In Dramatic Finish At Karachi

Pakistan Win By 3 Runs In Dramatic Finish At Karachi

September 26, 2022 / By Zunair Tahir / Sport News


In a thrilling match on Sunday in Karachi, Pakistan defeated England by three runs. After losing their top three, England’s 168-point chase never really got underway. However, Haris Rauf took two wickets in as many balls to leave Adil Rashid and Reece Topley needing four runs from the last over after Liam Dawson hit 24 from an over to push his team close to victory. They were unable to complete the task, though, and the hosts tied the series at 2-2.

The series’ next game will be played in Lahore with the score currently tied at 2-2 between the two sides (September 28, 30 and October 2).

At the National Stadium in Karachi on Sunday, England captain Moeen Ali called the toss and chose to put Pakistan in to bat.

Pakistan was given the opportunity to bat first but was only given a goal of 167 runs, which by all accounts should have been simple for an English team to reach after setting a massive 222-run total in the previous game.

Haris Rauf (3-32) Mohammad Hasnain (2-40) and Mohammad Wasim (1-30) pressured the English side with their speed, while spinners Mohammad Nawaz (3-35) and Mohammad Iftikhar (0-23) limited the run rate even as the Pakistani batters struggled to find their feet.

Pakistan played in the 200th T20 game, becoming the first side to do so.

From the previous game, England made three adjustments. While Olly Stone received his opportunity to play in an international T20 match, Alex Hales and David Willey entered the lineup.

They took the place of Mark Wood, Sam Curran, and David Malan.
In order to bring Asif Ali and Naseem Shah, Pakistan left aside the unhealthy Haider Ali and Shahnawaz Dahani.

TEAM DETAILS:

Pakistan Cricket Team:

Babar Azam (captain), Mohammad Rizwan, Shan Masood, Asif Ali, Haris Rauf, Iftikhar Ahmed, Mohammad Nawaz, Khushdil Shah, Mohammad Hasnain, Usman Qadir, Mohammad Wasim

England Cricket Team:

Moeen Ali (captain), Will Jacks, Harry Brook, Olly Stone, Ben Duckett, Liam Dawson, Alex Hales, Adil Rashid, Phil Salt, Reece Topley, David Willey

Umpires:

Asif Yaqoob (PAK) and Faisal Afridi (PAK)

TV umpire:

Rashid Riaz (PAK)

Match referee:

Ahsan Raza (PAK)


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