Pakistan Railway Accident
Pakistan News

Six Railway Employees Have Been Fired In Relation With The Tragic Hazara Express

Six Railway Employees Have Been Fired In Relation With The Tragic Hazara Express

August 8, 2023 / By Zunair Tahir / Pakistan News


Six employees of Pakistan Railways, including two 18-grade officers, were placed on administrative leave on Tuesday as a result of the Hazara Express disaster in Nawabshah last week, which resulted in at least 30 fatalities and several injuries.

In Sindh’s Sanghar district, ten bogies of the Havelian-bound Hazara Express derailed on Sunday, with Pakistan Railways (PR) authorities attributing the derailment on a broken railway line and a hot axle that prevented movement.

Saad Rafique, the minister of railways, had cautioned that it was impossible to completely rule out the potential of sabotage or a technical issue. He also deemed the railway track to be in good condition.

A six-person team was later assembled to investigate the incident.

In a notification released today, the Ministry of Railways stated that six officers had been suspended in connection with the disaster in accordance with Rule-5 of the Civil Servants (Efficiency and Discipline) Rules, 2020, with “immediate effect” and until further instructions.

A divisional executive engineer from Sukkur, a manager of a diesel workshop in Karachi, an assistant executive engineer from Nawabshah, a permanent way officer from Shahdadpur, a power controller for Kotri, and a keyman were among the aforementioned authorities.

The suspension comes a day after a government investigation into the collision found that the Hazara Express’s derailment was caused by a lack of fishplates and a broken track.

According to the study, “[the] accident occurred] due to fresh rail broken and fishplates missing,” after thoroughly investigating all the factors.

The panel also determined that the locomotive’s sliding was a contributing factor in the disaster.

The railway engine had already departed the area without being checked by superiors. Beyond the accident location, “little hitting spots” were discovered on the wooden terminal and iron fishplates. Therefore, it stated, “the engineering branch and mechanical branch are held accountable for this accident.”

According to the paper, sabotage cannot be discounted because the derailed carriages were pulled 750 feet.
“A thorough investigation in this regard is underway,” he insisted. “The Federal Government Inspector of Railways (a grade 22 officer) is on-site to determine the cause of this tragedy.”

Meanwhile, Khawaja Saad Rafique, the minister of railways, has denied reports that wooden pieces were used to fasten the train’s bogies.

The minister emphasized two elements in his speech to the National Assembly today that led to the tragedy and the deaths it caused.

“First, lubricants were used to unclog the two locomotive wheels that were stuck behind the engine. As a safety measure, these locomotives ought to have been completely removed, the minister stated.

He stressed that a section of the railway track between Rohri and Kotri had become problematic because of its deteriorating state, and he proposed that an investment of between Rs10 billion and Rs12 billion could be able to fix the problem. He advised the next administration to think about allocating the funding to stop similar collapses from happening again.

The minister also stated that each deceased person’s heirs will get Rs1.5 million in compensation from the government, although she emphasized that this was not a sufficient remedy.

Rafique also emphasized the need of making investments in the railway industry to ensure its smooth functioning.


READ MORE NEWS…


2022 CARS (13) 2022 News (22) 2022 Tech News (13) 2024 Car Price In Pakistan (16) apple (24) Apple Inc (14) Automotive Blogs (14) Automotive News (227) Automotive News Pakistan (20) Auto News (149) Auto Sector (12) Blogs (11) car news (26) Car Prices (12) cars (46) cars of pakistan (47) Cricket (12) electric cars (13) entertainment news (14) F1 (24) F1 News (12) Formula 1 (12) Honda (12) Hyundai (12) Imran Khan (19) Imran Khan News (18) mg (14) MG Pakistan (17) new cars (34) news (375) news pakistan (16) News Update (22) pakistan automotive news (11) Pakistan Government (41) Pakistan News (77) PCB (23) proton (13) proton pakistan (15) PTI (22) Sports News (45) suzuki (18) Suzuki Pakistan (11) Tech News (67) Toyota (16) World News (14)

Babar Azam And Rohit Sharma
Sport News

ICC And PCB Agree For Changing 2023 World Cup Schedule

ICC And PCB Agree For Changing 2023 World Cup Schedule

August 2, 2023 / By Zunair Tahir / Sport News


In an important milestone, the Pakistan Cricket Board (PCB) has approved the International Cricket Council’s (ICC) suggestions for changes to the World Cup 2023 program.

The dates have changed, but the locations of the selected matches have not altered. The amended tournament schedule will soon be made public by the ICC.

the change in the schedule that was required by factors not related to cricket. According to reports in the Indian media, suggestions to modify the schedule were sent to the Board of Control for Cricket in India (BCCI).

This action was motivated by the fact that an important Pakistan vs. India game coincided with Gujarat’s celebrated Navratri holiday. This choice demonstrates the organizers’ dedication to honoring and accommodating cultural customs.

A spectacular round-robin format including 45 riveting matches will be used for the next Cricket World Cup to feature a fascinating competition amongst ten elite teams.

The best four performing teams will guarantee their spots in the semi-finals, raising the stakes significantly. The locations of these much awaited semifinal matches are Kolkata and Mumbai, two major cricketing cities.

The New World Cup Schedule May Be Seen Here:

DateOpponentVenue
October 6vs NetherlandsHyderabad
October 10vs Sri LankaHyderabad
October 14vs IndiaAhmedabad
October 20vs AustraliaBengaluru
October 23vs AfghanistanChennai
October 27vs South AfricaChennai
October 31vs BangladeshKolkata
November 4vs New ZealandBengaluru (Day)
November 12vs EnglandKolkata

To assure Pakistan’s enthusiastic participation in the World Cup being hosted by India, a crucial measure has been made.

Prime Minister Shehbaz Sharif called together a renowned panel to discuss this important issue. This discussion will take place in an important gathering that will be presided over by Foreign Minister Bilawal Bhutto-Zardari.

The Prime Minister will then receive the complete recommendations of the group. The Prime Minister has the last say on whether Pakistan will compete in this renowned tournament, which heightens the intrigue surrounding this cricketing tale.


READ MORE NEWS…


2022 CARS (13) 2022 News (22) 2022 Tech News (13) 2024 Car Price In Pakistan (16) apple (24) Apple Inc (14) Automotive Blogs (14) Automotive News (227) Automotive News Pakistan (20) Auto News (149) Auto Sector (12) Blogs (11) car news (26) Car Prices (12) cars (46) cars of pakistan (47) Cricket (12) electric cars (13) entertainment news (14) F1 (24) F1 News (12) Formula 1 (12) Honda (12) Hyundai (12) Imran Khan (19) Imran Khan News (18) mg (14) MG Pakistan (17) new cars (34) news (375) news pakistan (16) News Update (22) pakistan automotive news (11) Pakistan Government (41) Pakistan News (77) PCB (23) proton (13) proton pakistan (15) PTI (22) Sports News (45) suzuki (18) Suzuki Pakistan (11) Tech News (67) Toyota (16) World News (14)

2024 Kia Sportage 30th Edition
Automotive News

30th Edition 2024 Kia Sportage Debut With Green Interior

30th Edition 2024 Kia Sportage Debut With Green Interior

July 23, 2023 / By Zunair Tahir / Automotive News


After three decades and the sale of more than six million copies of the first-generation Kia Sportage, the small crossover is receiving a 30th Edition model to commemorate the significant achievement.

The “semi-midsize” model, as described by the firm, was first introduced domestically in South Korea, but it is now a little finer for the 2024 model year. All of the door windows have double glazing, which should make the cabin substantially quieter.

Additionally, side airbags for second-row passengers are standard across the range, making it safer than before. The Sportage 30th Edition is based on the local Gravity model; however, the roof rails, side mirror caps, and door garnish have glossy black elements added to them.

The 18- and 19-inch wheels that are offered for this special edition have a black appearance, much like the front grille and some of the bumpers do.



The striking green and black color scheme within the two-tone interior is exclusive to the Sportage 30th Edition. With a new quilting design and suede accents, the leather upholstery itself differs from the standard model.

The headrests for the front seats have a 30th emblem stitched on them by Kia to further emphasize the significance of the special edition.

In addition to debuting the Sportage 30th Edition, which is now available for purchase in its home market, Kia also produced a film (linked below) comparing the first and current models.

Additionally, the 1993 and 2021 models are now on show side by side at the Kia 360 center in Seoul alongside a digital exhibition of the transitional generations unveiled in 2004, 2010, and 2015.

It should be noted that, depending on where you reside, the latest Sportage (codenamed NQ5) is available in two sizes. While nations like the United States, Canada, and Australia get the extended variant, Europeans get the shorter wheelbase type.

It surpassed the Rio subcompact hatchback/sedan in 2016 and has since become the company’s best-selling vehicle.


READ MORE NEWS…


2022 CARS (13) 2022 News (22) 2022 Tech News (13) 2024 Car Price In Pakistan (16) apple (24) Apple Inc (14) Automotive Blogs (14) Automotive News (227) Automotive News Pakistan (20) Auto News (149) Auto Sector (12) Blogs (11) car news (26) Car Prices (12) cars (46) cars of pakistan (47) Cricket (12) electric cars (13) entertainment news (14) F1 (24) F1 News (12) Formula 1 (12) Honda (12) Hyundai (12) Imran Khan (19) Imran Khan News (18) mg (14) MG Pakistan (17) new cars (34) news (375) news pakistan (16) News Update (22) pakistan automotive news (11) Pakistan Government (41) Pakistan News (77) PCB (23) proton (13) proton pakistan (15) PTI (22) Sports News (45) suzuki (18) Suzuki Pakistan (11) Tech News (67) Toyota (16) World News (14)

Ferrari Purosangue Scale Model
Automotive News

A Ferrari Purosangue Scale Model By Amalgam May Cost Up To $20,795

A Ferrari Purosangue Scale Model By Amalgam May Cost Up To $20,795

July 16, 2023 / By Zunair Tahir / Automotive News


Using its long-standing partnership with the Italian sports vehicle and supercar maker, British scale model specialist Amalgam Collection has unveiled a tiny replica of the Ferrari Purosangue, although at a very high price.

There Will Only Be 199 Produced, And There Will Also Be A $15,995 Version

Amalgam employed hundreds of carefully constructed pieces, including castings, photo-etchings, and CNC-machined metal components, along with genuine CAD blueprints, color codes, and material specifications from Ferrari to produce the 1:8 scale Purosangue.

The outcome is fantastic, and if you were to only look at pictures, you may mistake the scale model for the genuine automobile.

The Amalgam Ferrari Purosangue, which is over 24 inches (62 centimeters) long, took more than 3,000 hours to create, and each of the 199 hand-built pieces took more than 300 hours to build.

The corporation claims that to assure total accuracy of depiction, engineering and design teams would thoroughly inspect models at the conclusion of each production.

The 1:8 scale model of Ferrari’s first SUV is included in the standard price of $15,995 and is painted red with a black interior, while the Bespoke edition boosts the price to $20,795. Customers can choose the paint color, interior color, wheel type, and caliper color for this amount of money.

Even yet, it is far less expensive than the genuine Purosangue, which costs $400,000, has a 6.5-liter V12 engine that produces 715 horsepower, and can accelerate from 0 to 62 mph in just 3.3 seconds.

Amalgam Collection is renowned for producing incredibly accurate scale versions of well-known automobiles, like the Aston Martin DB5 Vantage and Bugatti Veyron.

The Bristol-based firm, which was established in 1985, primarily concentrated on producing exquisite architectural models for the top British and German architects of the time. In particular, it produced parts for the first Dyson vacuum cleaners as part of its product prototyping services.

Ferrari joined Amalgam Collection as a partner in 1998 after the company began producing high-end model automobiles in 1995.

As always, if you have any comments or questions regarding this, please post them in the space provided below.

Source: Amalgam Collection


READ MORE NEWS…


2022 CARS (13) 2022 News (22) 2022 Tech News (13) 2024 Car Price In Pakistan (16) apple (24) Apple Inc (14) Automotive Blogs (14) Automotive News (227) Automotive News Pakistan (20) Auto News (149) Auto Sector (12) Blogs (11) car news (26) Car Prices (12) cars (46) cars of pakistan (47) Cricket (12) electric cars (13) entertainment news (14) F1 (24) F1 News (12) Formula 1 (12) Honda (12) Hyundai (12) Imran Khan (19) Imran Khan News (18) mg (14) MG Pakistan (17) new cars (34) news (375) news pakistan (16) News Update (22) pakistan automotive news (11) Pakistan Government (41) Pakistan News (77) PCB (23) proton (13) proton pakistan (15) PTI (22) Sports News (45) suzuki (18) Suzuki Pakistan (11) Tech News (67) Toyota (16) World News (14)

Porsche Vision 357 Speedster Logo
Automotive News

Porsche Showed Its Magnificent 800kW Speedster Concept, The Vision 357

Porsche Showed Its Magnificent 800kW Speedster Concept, The Vision 357

July 15, 2023 / By Zunair Tahir / Automotive News


To commemorate the 75th anniversary of the German sports car manufacturer Porsche, the company has introduced a Speedster version of its outstanding Vision 357 concept.

The spectacular drop-top design, on display at this year’s Goodwood Festival of Speed, is based on the 918 GT4 e-Performance prototype, which generates 800kW and has a dual-motor setup.

This enables the 357 Speedster to accelerate quickly from 0 to 62 mph in less than 3.0 seconds.

The GT4’s 82kWh battery is divided into many packs for improved weight distribution. In the “frunk,” in the transmission tunnel, and behind the driver, there are many packs. This configuration likely applies to the 357 Speedster as well.

Porsche hasn’t completely divulged the weight of the Speedster, but given that it’s a show car, the 357 is anticipated to weigh somewhat more than its closely related GT4 e-Performance sister, which is believed to weigh approximately 1600kg.

One carbon fiber bucket seat can be found within the vehicle, which Porsche says is “fully tailored to the driver”. The seat is really part of the Speedster monocoque, with the driver seated on Racetex pads and restrained by a Miami Blue-finished six-point harness.

Transparent digital instrumentation and a racing steering wheel are mounted on top of the steering column, and the dashboard’s entire surface is constructed of exposed carbon fiber.

The German company’s original 356 Speedster, which debuted in the middle of the 1950s, served as a major inspiration for the Vision 357. The new designs’ slender shape and sloping front and back ends demonstrate this.

The Vision 357 Speedster, which has a blue and silver 75th Anniversary paint, is shorter than the car it is based on despite having a lot of stylistic cues with its coupe brother.

At this year’s Festival of Speed, where the brand will be staging its 75th anniversary celebrations, the new idea makes its public premiere.


READ MORE NEWS…


2022 CARS (13) 2022 News (22) 2022 Tech News (13) 2024 Car Price In Pakistan (16) apple (24) Apple Inc (14) Automotive Blogs (14) Automotive News (227) Automotive News Pakistan (20) Auto News (149) Auto Sector (12) Blogs (11) car news (26) Car Prices (12) cars (46) cars of pakistan (47) Cricket (12) electric cars (13) entertainment news (14) F1 (24) F1 News (12) Formula 1 (12) Honda (12) Hyundai (12) Imran Khan (19) Imran Khan News (18) mg (14) MG Pakistan (17) new cars (34) news (375) news pakistan (16) News Update (22) pakistan automotive news (11) Pakistan Government (41) Pakistan News (77) PCB (23) proton (13) proton pakistan (15) PTI (22) Sports News (45) suzuki (18) Suzuki Pakistan (11) Tech News (67) Toyota (16) World News (14)

Automotive News

First Look Of Brad Pitt’s Formula One Movie From Apple l APXGP First Look

First Look Of Brad Pitt’s Formula One Movie From Apple l APXGP First Look

July 6, 2023 / By Zunair Tahir / Automotive News


Director Joseph Kosinski of “Top Gun: Maverick” and “Snowfall” actor Damson Idris both star in the unnamed motion picture.
A first look photograph from Brad Pitt’s much awaited Formula One movie has been released by Apple Studios.

The unnamed movie takes place in the realm of competitive motor racing and also stars Snowfall actor Damson Idris in a key role. Pitt plays a former Formula One driver who joins Idris’ character to compete for the fictitious APXGP team, a mediocre outfit.

The film will be filmed on and around real Grand Prix racing weekends as part of an F1-sponsored production. The idea aims to capitalize on the current interest in Formula One racing, which has been stoked by Netflix’s gripping docuseries Drive to Survive.

The Top Gun: Maverick creative team, including director Joseph Kosinski, writer Ehren Kruger, and producer Jerry Bruckheimer, reunite for the movie. Tobias Menzies (Outlander, The Crown) and Oscar winner Kerry Condon (The Banshees of Inisherin) are also included in the cast.

The drama is made by Jerry Bruckheimer Films, Brad Pitt’s Plan B Entertainment, and Sir Lewis Hamilton’s Dawn Apollo Films company, which has won seven F1 championships.

The Hollywood Reporter said in June 2022 that the agreement for Apple’s F1 function has the potential to revolutionize the entertainment industry. The creative team will be compensated in three ways under the special agreement, which asks for a significant theatrical window and a broad distribution, including upfront compensation, significant buyout fees, and theatrical backend.

According to THR, the film would have an exclusive, worldwide run of at least 30 days (one source claims it may possibly go as high as 60 days) before being released on the Apple TV+ platform, as opposed to a token release in a few theaters or a day-and-date debut.

The forthcoming thriller Wolves, directed by Jon Watts, also stars George Clooney, Amy Ryan, and Brad Pitt. The F1 movie marks Pitt’s second leading role for Apple.

Hollywood’s studios and streamers engaged in a fierce bidding battle for Wolves as well.

The inaugural official photos posted by Apple Original Films provide a first glimpse at the APXGP’s style and color palette.


READ MORE NEWS…


2022 CARS (13) 2022 News (22) 2022 Tech News (13) 2024 Car Price In Pakistan (16) apple (24) Apple Inc (14) Automotive Blogs (14) Automotive News (227) Automotive News Pakistan (20) Auto News (149) Auto Sector (12) Blogs (11) car news (26) Car Prices (12) cars (46) cars of pakistan (47) Cricket (12) electric cars (13) entertainment news (14) F1 (24) F1 News (12) Formula 1 (12) Honda (12) Hyundai (12) Imran Khan (19) Imran Khan News (18) mg (14) MG Pakistan (17) new cars (34) news (375) news pakistan (16) News Update (22) pakistan automotive news (11) Pakistan Government (41) Pakistan News (77) PCB (23) proton (13) proton pakistan (15) PTI (22) Sports News (45) suzuki (18) Suzuki Pakistan (11) Tech News (67) Toyota (16) World News (14)

Automotive News

The New Peugeot E-208 Gets Sporty New look And 248 Mile Range

The New Peugeot E-208 Gets Sporty New look And 248 Mile Range

July 6, 2023 / By Zunair Tahir / Automotive News


Order books for the new Peugeot E-208 will open this fall. The electric hatchback will have a new electric motor, a greater range, and a more modern, dynamic external design.

The first-generation E-208 was introduced with a 100kW electric motor and 50kWh battery, providing a range of up to 217 miles, as a competitor to the Renault Zoe and Honda E.

The E-208 received a mid-life upgrade in 2021 that included a heat pump and a new transmission, helping to boost its range to 225 miles.

With a 51kWh battery and 115kW electric motor, the new electric supermini can go up to 248 kilometers on a single charge.

A 20–80% charge is anticipated to take a 100k quick charger around 25 minutes, or a 7kW home charger about 4 hours, 40 minutes.

The new brand logo has been entirely integrated into the front end, and the front grille has been styled to match the body color of the previous generation vehicle. LED lighting is commonplace.

The revised e-208 receives the same three-claw light signature as its e-2008 brother, which consists of three integrated, long vertical lights. The lights have been moved to the car’s outside border to give it a wider stance.

Additional improvements have been made to the back, which now has a distinctive three-claw light signature made up of red LED lights aligned horizontally.

White ‘E’ patterns are scattered around the bodywork of the new e-208 to match Peugeot’s electric vehicle lineup. Not only has the bodywork been changed, but there are also two new wheel designs for the E-208 that come in 16- and 17-inch alloy sizes.

The company’s most recent i-Connect infotainment system, controlled by a 10″ touchscreen display mounted on top of the dashboard, is housed within the stylish new E-208. GT variants come included with a 3D display.

Behind Peugeot’s small steering wheel is a digital display, a design element that has come to represent the company.
Thankfully, Peugeot hasn’t completely abandoned physical buttons just yet, and a number of features, including air conditioning, are simple to use.

The electric hatch now has a variety of innovative driver assistance systems, including as adaptive cruise control, automated emergency braking, road sign recognition, and lane keep assist.

Active, Allure, and GT are the three trim levels that are initially offered. New front and rear light signatures as well as an upgraded 10″ touchscreen are included with the Active trim, which is the base model. If you choose the top-of-the-line GT trim, full LED headlights, 17-inch alloys, and a high-definition parking camera are included.

Peugeot has not yet announced the price of the electric supermini, but we anticipate it to start at about £32,000.


READ MORE NEWS…


2022 CARS (13) 2022 News (22) 2022 Tech News (13) 2024 Car Price In Pakistan (16) apple (24) Apple Inc (14) Automotive Blogs (14) Automotive News (227) Automotive News Pakistan (20) Auto News (149) Auto Sector (12) Blogs (11) car news (26) Car Prices (12) cars (46) cars of pakistan (47) Cricket (12) electric cars (13) entertainment news (14) F1 (24) F1 News (12) Formula 1 (12) Honda (12) Hyundai (12) Imran Khan (19) Imran Khan News (18) mg (14) MG Pakistan (17) new cars (34) news (375) news pakistan (16) News Update (22) pakistan automotive news (11) Pakistan Government (41) Pakistan News (77) PCB (23) proton (13) proton pakistan (15) PTI (22) Sports News (45) suzuki (18) Suzuki Pakistan (11) Tech News (67) Toyota (16) World News (14)

Twiiter Elon Musk
TECH NEWS

Elon Musk Restricts Temporary Reading Limit On Twitter

Elon Musk Restricts Temporary Reading Limit On Twitter

July 3, 2023 / By Zunair Tahir / Tech News


Elon Musk, the chief executive of Twitter, has imposed temporary restrictions on the social media site in an effort to combat widespread data scraping and system manipulation.

Verified accounts are temporarily limited to reading 6,000 posts per day, according to Musk, who made the revelation on his Twitter page on Saturday.

The unverified accounts and new unverified accounts are restricted to reading 600 posts per day and 300 posts per day, respectively.

“We’ve applied the following temporary limits, to address extreme levels of data scraping & system manipulation,” he stated.

The Daily Reading Limit For Verified Users Is 6,000 Posts

600 Daily Postings From Unverified Accounts

300 new unverified accounts are created per day, according to Musk’s tweet on Saturday, hours after the social media network had a global outage.

His explanation came as the social media network had a significant global outage that affected millions of users and stopped thousands of users from accessing it.

More than 7,000 users reported problems with Twitter, according to the outage tracking website “Down Detector.”


READ MORE NEWS…


2022 CARS (13) 2022 News (22) 2022 Tech News (13) 2024 Car Price In Pakistan (16) apple (24) Apple Inc (14) Automotive Blogs (14) Automotive News (227) Automotive News Pakistan (20) Auto News (149) Auto Sector (12) Blogs (11) car news (26) Car Prices (12) cars (46) cars of pakistan (47) Cricket (12) electric cars (13) entertainment news (14) F1 (24) F1 News (12) Formula 1 (12) Honda (12) Hyundai (12) Imran Khan (19) Imran Khan News (18) mg (14) MG Pakistan (17) new cars (34) news (375) news pakistan (16) News Update (22) pakistan automotive news (11) Pakistan Government (41) Pakistan News (77) PCB (23) proton (13) proton pakistan (15) PTI (22) Sports News (45) suzuki (18) Suzuki Pakistan (11) Tech News (67) Toyota (16) World News (14)

Pakistan News

IMF Agreement Is Not A “Magic Cure,” Claims Shehbaz

IMF Agreement Is Not A “Magic Cure,” Claims Shehbaz

July 2, 2023 / By Zunair Tahir / Pakistan News


Prime Minister Shehbaz Sharif stated that the current arrangement is not a panacea and that he hopes it would “be the last one” shortly after the government received a much-needed $3 billion short-term financing package from the IMF.

A Friday IMF accord was set to expire only hours before the new nine-month standby agreement was announced. Now, the IMF’s board must approve the staff-level agreement with Pakistan later this month.

Although the accord provided a “much-needed breather,” Prime Minister Sharif stated he hoped this new program would be “the last one.”

  • Hours before the last package’s expiration, a nine-month standby agreement is announced;
  • The IMF board must approve a $3 billion package later this month.
  • Despite his insistence that loans do not build nations, the PM calls the current agreement a “much-needed breather.”

“This is not a time for arrogance, but rather for reflection on reality. Do countries manage without loans? Let’s pray that this is the last time we obtain a loan from the IMF and that we won’t need to do so in the future, he said to the media in Lahore on Friday after the agreement was reached.

The conversations he had last week in Paris with IMF Managing Director Kristalina Georgieva were characterized by him as a “turning point” in a string of recent negotiations with the international organization.

As it struggles to pay off debilitating external debt, the economy is experiencing a balance of payments crisis, and months of political unrest have discouraged foreign investment.

The country is struggling to afford imports as a result of skyrocketing inflation, the rupee’s record low against the dollar, and a country-wide decrease in industrial production.

“I am pleased to announce that the IMF team has reached a staff-level agreement with the Pakistani authorities on a nine-month standby arrangement in the amount of SDR 2,250 million (about $3bn),” IMF mission leader Nathan Porter said in a statement late Thursday.

According to Mr. Porter, the agreement will be evaluated by the IMF executive board by mid-July.

Since last November, the administration has been trying to satisfy the terms of the bailout arrangement by making hurried modifications to the national budget. According to Mr. Porter, it ended on Friday, and the new pact builds on the IMF’s initiatives under the earlier accord.

A $1.1 billion advance payment would be made under the revised agreement, according to Finance Minister Ishaq Dar, immediately after the IMF board meeting this month.

The agreement will also make other finance available on a bilateral and international basis. Saudi Arabia, the UAE, and China, longtime friends, have already committed or extended billions in credit. The IMF stated that this “will support near-term policy efforts and replenish gross reserves.”

According to Tradeweb statistics reported by Reuters, Pakistan’s sovereign dollar bonds were trading higher after the announcement, with the 2024 issue seeing the greatest gains, up more than 8 cents at little above 70 cents in the dollar.

Shorter-dated bonds had the biggest increases, showing ongoing doubts about the nation’s longer-term budgetary picture.

Later, on Friday night, PM Shehbaz tweeted that the new IMF agreement was a “much-needed breather” that will aid the nation in achieving economic stability. He stressed, nevertheless, that “loans are not used to build states. I ask God that this new program will be the last.

Miftah Ismail, a former finance minister, wrote in a tweet, “We must acknowledge that this IMF accord affords us yet another opportunity to make significant reforms. The people of Pakistan will continue to suffer for the structural and governance failings of their governments if we don’t implement these changes, leaving Pakistan at the mercy of multilateral lenders.

Pakistan’s poor progress in fulfilling the conditions set forth by the IMF for an agreement has drawn criticism from Michael Kugelman, head of the South Asia Institute at the Wilson Centre.

He stated that Islamabad has postponed politically hazardous fiscal policy actions that the IMF had been hoping to see for months.


READ MORE NEWS…


2022 CARS (13) 2022 News (22) 2022 Tech News (13) 2024 Car Price In Pakistan (16) apple (24) Apple Inc (14) Automotive Blogs (14) Automotive News (227) Automotive News Pakistan (20) Auto News (149) Auto Sector (12) Blogs (11) car news (26) Car Prices (12) cars (46) cars of pakistan (47) Cricket (12) electric cars (13) entertainment news (14) F1 (24) F1 News (12) Formula 1 (12) Honda (12) Hyundai (12) Imran Khan (19) Imran Khan News (18) mg (14) MG Pakistan (17) new cars (34) news (375) news pakistan (16) News Update (22) pakistan automotive news (11) Pakistan Government (41) Pakistan News (77) PCB (23) proton (13) proton pakistan (15) PTI (22) Sports News (45) suzuki (18) Suzuki Pakistan (11) Tech News (67) Toyota (16) World News (14)

Automotive News

Toyota Land Cruiser For The US Could Be A Prado With Retro Styling

Toyota Land Cruiser For The US Could Be A Prado With Retro Styling

June 30, 2023 / By Zunair Tahir / Automotive News


It Will Be Influenced By The 1960s And 1970s Land Cruiser Generations

The Toyota Land Cruiser was terminated in the United States after the 2021 model year, but the Japanese automaker reportedly revealed the SUV will return later this year.

READ MORE: Suzuki Introduce the Limited GSX-S1000 Race Edition In France

The new LC for America will not be the LC300, which has been offered in Europe and other parts of the world for a few years, but rather a distinct product with a greater emphasis on off-road capabilities. According to a recent claim, Toyota may potentially introduce the new Land Cruiser Prado to the US market.

According to Drive in Australia, the company’s new Land Cruiser for America would target the more hardcore off-road category.

As a result, it intends to offer it in limited quantities and with classic style influenced by Land Cruisers from the 1960s and 1970s. Indeed, it appears that the new Land Cruiser for the US market will be a revised and more cheap version of the 2017 Lexus GX with its boxy shape.

Needless to mention, the vehicle will be built on a body-on-frame chassis that will accommodate electrification.

The worldwide Prado and the US model will share just the side profile, with the front and rear end style being distinct to the newer vehicle. Naturally, the new Land Cruiser for America will be less expensive than its more premium Lexus-badged sibling.

Nothing is official yet in terms of engines, but rumour on the street is that power will come from a turbocharged 2.4-liter hybrid powerplant, which might also be offered for the new GX.

This electrified mill produces 326 horsepower and 465 pound-feet of torque in the 2017 Toyota Tacoma, and similar numbers might be expected for the new LC.

As previously stated, Toyota intends to offer the new Land Cruiser in the United States as a niche product, with substantially lower sales statistics than, say, the 4Runner.

The new SUV will allegedly come in two trim levels, with the flagship model boasting TRD Pro-inspired off-road enhancements.

Finally, Toyota hinted about a new Land Cruiser for the European market. Nothing is official at this time, but we believe Toyota will send the new and more robust Prado to the Old Continent, where the Land Cruiser name is still used.


READ MORE NEWS…


2022 CARS (13) 2022 News (22) 2022 Tech News (13) 2024 Car Price In Pakistan (16) apple (24) Apple Inc (14) Automotive Blogs (14) Automotive News (227) Automotive News Pakistan (20) Auto News (149) Auto Sector (12) Blogs (11) car news (26) Car Prices (12) cars (46) cars of pakistan (47) Cricket (12) electric cars (13) entertainment news (14) F1 (24) F1 News (12) Formula 1 (12) Honda (12) Hyundai (12) Imran Khan (19) Imran Khan News (18) mg (14) MG Pakistan (17) new cars (34) news (375) news pakistan (16) News Update (22) pakistan automotive news (11) Pakistan Government (41) Pakistan News (77) PCB (23) proton (13) proton pakistan (15) PTI (22) Sports News (45) suzuki (18) Suzuki Pakistan (11) Tech News (67) Toyota (16) World News (14)

PreviousNext

You Want To Have Your Favorite Car?

We have a big list of modern & classic cars in both used and new categories.

Select the fields to be shown. Others will be hidden. Drag and drop to rearrange the order.
  • Image
  • SKU
  • Rating
  • Price
  • Stock
  • Availability
  • Add to cart
  • Description
  • Content
  • Weight
  • Dimensions
  • Additional information
Click outside to hide the comparison bar
Compare
X