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August 6, 2022August 6, 2022

UAE To Spend $1 Billion In PSX, Claims Miftah Ismail

August 6, 2022 / By Zunair Tahir / Business News

**Finance Minister Miftah Ismail addresses a press conference in Karachi on August 6**

Finance Minister Miftah Ismail announced on Saturday that the United Arab Emirates (UAE) has invested in the nation’s stock exchange in an effort to strengthen bilateral economic ties.

The UAE previously announced its willingness to invest $1 billion in Pakistani businesses across a range of economic and investment sectors. The action is intended to seek new investment possibilities and areas for collaboration in projects across multiple industries in order to strengthen bilateral economic relationships in the best interests of the two nations, according to the Emirates News Agency.

“Problems will continue to prevail until September,” says Miftah Ismail

Miftah Ismail stated during a news conference in Karachi that the national economy requires the importation of luxury goods to be prohibited for the foreseeable future.

He insisted that wise government policies are driving the country’s economy in the right direction, and that efforts are being done to stabilize it.

In Three References, ECP Summons Imran Khan

August 6, 2022 / By Zunair Tahir / Pakistan News

Imran Khan is being asked to appear on August 23 at 10am by the electoral authority.

Imran Khan, the former prime minister and leader of the PTI, was served three notices by the Election Commission of Pakistan (ECP) on Friday inviting him to appear in three cases.

Khan received one notification from the commission over the foreign money case, whose decision was made public earlier this week. Imran has been called to appear before the electoral board on August 23 at 10am, according to the reason list it released.

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The warning was given following a unanimous ruling by the ECP in a case brought in 2014 by founding member of the PTI Akbar S. Babar, which determined that the PTI had received illegal funds, according to Geo.

Furthermore, the PTI chairman has received a new notice from the ECP calling him to appear in person on August 18 to hear a reference about his disqualification, at the request of the Pakistan Democratic Movement (PDM) leadership.

A day earlier, the coalition government submitted a reference to the ECP asking for the former premier’s disqualification. Barrister Mohsin Nawaz Ranjha, a PML-N MNA, presented the reference to the ECP.

Mohsin Ranjha has also received a separate notice for hearing on August 24 on the referral he had filed in his own capacity against Imran Khan’s disqualification as MNA under Article 63 (2) of the Constitution.

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Pakistan’s Medal Score At The 2022 Commonwealth Games Climbs to 5

August 6, 2022 / By Zunair Tahir / Sport News

Due to the three medals the wrestlers won, Pakistan’s total number of medals at the Commonwealth Games 2022 increased to five.

Zaman Anwar, Inam Butt, and Inayatullah, three Pakistani wrestlers, earned gold on Friday, August 5, cheering on their countrymen.

Inayatullah defeated Ross Connelly of Scotland to win the bronze medal for his nation in the Men’s Free Style 65 kg Wrestling competition. After three minutes and 59 seconds, he claimed victory by technical superiority.

Common Wealth Games 2022 Competitors:

The following is the list of number of competitors participating at the Games per sport

SPORT	MEN	WOMEN	TOTAL
Athletics	3	2	5
Badminton	2	2	4
Boxing	4	1	5
Cricket	—	15	15
Gymnastics	1	0	1
Hockey	18	0	18
Judo	2	0	2
Squash	2	2	4
Swimming	1	3	4
Table Tennis	1	0	1
Weightlifting	3	0	3
Wrestling	6	0	6
Total	43	25	68

Nooh Dastagir Butt, a weightlifter from Pakistan, earned the gold medal earlier this week with a record-breaking lift of 405 kg for the Commonwealth. The people of his nation, especially Prime Minister Shehbaz Sharif, were quite complimentary of Butt.

Judoka Shah Hussain Shah won Pakistan’s first medal this week, taking home the Bronze. In his first ever 90 kg event after always competing in the 100 kg bracket, he outperformed his South African opponent.

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Banks Will Be Closed On August 8 and 9 For Muharram In 2022

August 6, 2022 / By Zunair Tahir / Pakistan News

A two-day bank holiday in honour of Ashura was announced by the State Bank of Pakistan (SBP) on Thursday (Muharram 9-10).

The State Bank of Pakistan announced that it will be closed on August 8 and 9, which were the 9th and 10th Muharram-ul-Haram, 1444 AH, in observance of Ashura.

On Ashura, the State Bank of Pakistan will be closed.
The dates August 8 and 9 will be Ashura.
Also declared by the government is a two-day holiday.

The announcement states that Shehbaz Sharif, the prime minister, has authorized the two-day public holiday honoring Ashura on August 8 and 9. (Monday and Tuesday).

For informational purposes only, the Prime Minister therefore proclaims the 8th and 9th of August, 2022 (Monday and Tuesday), as public holidays in honor of Ashura (9th & 10th Muharram 1444 AH).

All private and public agencies, educational institutions, enterprises, and other activities will be closed over those two days, according to the announcement.

In a notification sent by the Cabinet Division the day before, the federal government granted two vacations in honor of Ashura as Pakistanis and Muslims throughout the world get ready to observe the sacred event with grief, sorrow, and prayers.

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From Friendly Nations, Pakistan Receives The “Green Light” For A $8 Billion Package

August 5, 2022 / By Zunair Tahir / Pakistan News

ISLAMABAD: According to reliable sources cited by ARY News on Friday, friendly nations have given Pakistan the go-ahead to receive investment and money.

Sources in the finance ministry claim that there have been encouraging signs of a $8 billion economic package from friendly nations, with China, Saudi Arabia, the United Arab Emirates, and Qatar heading the pack.

They add that there has been tremendous progress in the talks between Pakistan and Saudi Arabia and that there is a chance that the oil facility might double with Saudi Arabia deferring payment.

The New National Anthem Will Be Released By The Government On August 14

The oil facility’s budget would rise from 1.2 billion to 2.4 billion dollars, and Saudi Arabia may provide safe deposits as well.

Ayesha Ghous Pasha, a minister of state, stated that although the friendly nation notified Pakistan in this respect, it would be making the formal statement.

She said that up to this point, China has rolled over $4.3 billion in debt, which includes $2.3 billion in commercial loans and $2 billion in deposits.

During the week that concluded on July 29, the State Bank of Pakistan’s (SBP) foreign exchange reserves fell by $190 million.

The State Bank of Pakistan now holds $8,385.4 million in foreign reserves, according to a breakdown provided by the central bank.

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Muva Electric Rickshaw Made In Pakistan l Pakistan Auto Show 2022 l

August 4, 2022 / By Zunair Tahir / Automotive News

MUVA (Rethink Urban Mobility)

YES Electromotive, an entirely original producer of electric vehicles (EVs), participated in the Pakistan Auto Show (PAS) 2022 with plans to deploy MUVA electric rikshaws in Pakistan.

According to a company official, Lahore, Pakistan is the exclusive manufacturing and assembly location for MUVA electric rickshaws.

Before it is formally introduced to the general public or the market, the corporation is fine-tuning it through testing, research, and development.

At its state-of-the-art facility in Lahore, Pakistan, MUVA Electric Rickshaws are made entirely from scratch

A firm representative said that Pakistan’s cutting-edge plant in Lahore produces MUVA electric rickshaws fully from scratch.

The firm is presently fine-tuning the product through testing and in-depth research and development before publicly launching these rickshaws on the market, the spokesperson stated.

Modular Utility Vehicle Architecture, sometimes known as MUVA, is a program for creating light commercial vehicles. With no exhaust emissions and nearly seven times cheaper running expenses than a three-wheeled petrol vehicle, these small electric vehicles (EVs) will serve the same purpose as a typical rickshaw.

Muva Electric Rickshaw Specification:

MODEL	TYPE	SEATING
MUVA-Passenger	Ultra Light Commercial Vehicle	Driver+3

Detail Specifications:

Type	Permanent Magnet
Rated/Peak Power	4kw/8kw
Wheel Size	12″
Grade Ability	20%
Turning Radius	3.9m

Battery Type:

Type	Lithium Iron Phosphate
Range	150km

Weight & Capacities:

Gross Vehicle Weight	250Kgs
Chassis Weight	300Kgs
Pay Load (Incl. Driver)	300Kgs

Dimensions:

Length	2800mm
Width	1400mm
Height	1500mm

MUVA, an abbreviation for Modular Utility Vehicle Architecture, refers to a programme for developing light commercial vehicles. These small electric vehicles (EVs) will perform the same function as a traditional rickshaw, but with no tailpipe emissions and at roughly seven times lower operating costs than a three-wheeled petrol vehicle.

A driver and three passengers can ride in the MUVA electric rickshaw, a commercial EV that is incredibly light. Its curb weight is 450 KG, and its maximum payload capacity is 300 KG. It has a single electric permanent magnet motor with a maximum output of 10.7 horsepower.

The firm will only sell the MUVA rickshaw as a commercial electric vehicle, and the company will focus on fleet sales, the company spokesman continued. He continued by saying that YES Electromotive also plans to adopt a ride-hailing service operating model, allowing customers to request these rickshaws using a smartphone app.

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In Japan, A Brand New Toyota Land Cruiser Prado Matte Black Edition Debuts

August 4, 2022 / By Zunair Tahir / Automotive News

The SUV Receives Several New Trim Pieces

The Toyota Land Cruiser Prado continues to serve its purpose and is now offered in Japan in a new Matte Black Edition. This comes after the 70th Anniversary Edition, which went on sale last year just in time for the unveiling of the new Land Cruiser.

The new Matte Black Edition adds some style to the SUV but doesn’t improve performance. Toyota has added matte black trim elements all around the vehicle, including the headlamp garnish, fog light bezels, and the grille and grille insert. The SUV also gets 18-inch matte black six-spoke metal alloys.

Gallery:

The outdated SUV need a major renovation, so the upgrades aren’t really big. It is smaller than the Land Cruiser, which was introduced for the 2010 model year and entered a new generation last year. Since then, the SUV industry has undergone tremendous shift, and a new LC Prado may be in the works.

For The Fourth Time In 2022, Pak Suzuki Have Raise Bike Prices

Last year, Toyota introduced the brand-new Land Cruiser LC300, giving it brand-new foundations in the shape of Toyota’s TNGA platform.

The SUV had a significant exterior redesign and a thorough interior makeover to bring it into line with the other SUV models in the market. When the redesigned Land Cruiser Prado is released, we anticipate it will be built on the Land Cruiser’s new platform.

Specifications:

Only white or black are offered in the Land Cruiser Prado. The SUV’s powertrain looks to remain unchanged and will likely continue to be either the 163 horsepower (121 kW) 2.7-liter gasoline engine or the 201 horsepower (149 kW) 2.8-liter diesel engine. A six-speed automatic transmission transmits power to all four wheels.

Price Tag:

For between $32,662 and $38,739 at the current exchange rate, Toyota is asking for between 4.3 and 5.1 million for the Land Cruiser Prado Matte Black Edition. The Lexus GX sold in the US is comparable to the Land Cruiser Prado. It is a little less sturdy than its full-sized sister and smaller than a normal Land Cruiser.

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Uber Will Reveal To Drivers Their Pay After Accepting A Ride

August 4, 2022 / By Zunair Tahir / Tech News

The way drivers accept trips has been “reimagined,” according to Uber.

The firm claims to have “totally redesigned the way drivers take rides” with the introduction of its new feature, “upfront fares,” which will now display drivers the actual amount they will be paid for a journey.

The ride-sharing service has grown more adaptable with this new innovation. Uber is currently developing a new tool that will let drivers to browse nearby trip requests and select the ones they want to accept. Since the driver would be informed of the destination and fee of the trip before accepting it, there will be fewer transportation cancellations for the passengers.

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According to an upfront support fee document, the cost displayed to Uber drivers before to accepting a trip is dependent on a number of variables, including “base charges, projected trip length and duration, pickup distance, and surge pricing.”

The fare is anticipated to fluctuate in response to the rider changing drop-off locations and unanticipated traffic. Wait times and tips won’t be included in the total.

According to the study, transitioning to upfront charges would also result in certain drivers earning less, for instance, if there is no traffic.

However, the system makes sure that drivers make more money on short journeys with traffic, trips where there aren’t many passengers at the destination, or trips where they have a greater distance to travel to pick up the passenger.

Additionally, Uber has announced the launch of trip radar, which will allow drivers to select from a list of nearby ride requests that might be a good fit for them.

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The New National Anthem Will Be Released By The Government On August 14

August 3, 2022 / By Zunair Tahir / Pakistan News

In celebration of the nation’s 75th anniversary of independence, the Pakistani government will release a new rendition of the national anthem on August 14.

The effort was taken, according to a statement made by the Steering Committee for the Re-recording of the National Anthem of Pakistan, to “represent the current inclusivity in voices and expression” while maintaining its core.

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Additionally, “the committee adopted a gender-balanced, all-inclusive approach and hired vocalists from varied regional, cultural, and ethnic origins, from all religious beliefs, and from all musical genres.”

125 singers participated in rehearsing and recording the nation’s song in Islamabad in June after practising for the most recent rendition at the National Academy of Performing Arts (NAPA) in Karachi.

The vocalists and choir members who appear in the re-recorded version are listed below:

Abdullah Qureshi, Abid Brohi, Abid Wilson, Adil Baloch, Ahmad Gul, Ahmed Jahanzeb, Ahsan Ali, Aizaz Sohail, Akbar Ali, Akbar Ali Khan, Akhtar Chanaal, Ali Hamdani, Ali Hamza, Alycia Dias, Amanullah Nasar, Anamta Saleem Sabri (of the Sabri Sisters), Aqdas Asif, Arif Khan, Arif Lohar, Arqam Khan, Asfar Hussain, Asim Baloch, Bakhtiar Khattak, Bilal Ali, Bilal Asvad, Bilal Saeed, Bisma Abdullah, Dr. Essa Kakar, Essa Khajjak, Fakhir Mehmood, Fariha Pervez, Fozia Yasmeen (of the Manwa Sisters), Goher Mumtaz, Haider Ali, Hamayoon Khan, Hamza Tanveer, Haroon Shahid, Humaira Javed, Hussain Baksh, Iman Shahid, and Irfan Ali Taj.

The other singers include Irfan Khan, Islam Habib, Jabar Abbas, Jana Nazareth, Jasim Haider, Jia Nauman, Junaid Javed, Karan Khan, Kashif Din, Kashif Zafar, Kehkashan Khan, Khalid Jahangir, Khurram Iqbal, Laila Khan, Lucky Khan, Maham Waqar, Maria Unera, Mehak Ali, Moez Mohamand, Naseer Afridi, Nasir Butt, Natasha Humera Ejaz, Nauman Lasharie, Niaz Balti, Nida Irtiza, Nimra Gilani, Nimra Rafiq, Nirmal Roy, Nirmala Maghani, Noman Asmet, Quaid Ahmed, Rabia Nazar, Rachel Johnson, Rafia Ali, Rahim Khan, Raisa Raisani, Rameez Mukhtar, Razia Abrar, Rizwan Anwar, Saba Noreen (of the Manwa Sisters), Sadiq Hussain, Sahir Ali Bagga, Sajjad Gohar, Salman Paras, Saman Areej (of the Sabri Sisters), and Sana Tajik.

The new version also features Sanwal Esakhelvi, Sardar Amar, Sehar Gul Khan, Shahab Hussain, Shahmir Quidwai, Shaina Johnson, Shamu Bai, Shaukat Faqeer, Sherry Raza, Shuja Haider, Sibtain Khalid, Sidra Kanwal, Sitara Younas, Sumraan Shafique, Sunny Sam, Tahir Feroz, Taj Mastani, Tehmina Tariq (Gospel Singer), Tina Sani, Umair Jaswal, Urooj Fatima, Usman With D, Vishnu, Wajahat Aalmi, Wajiha Naqvi, Wali Ullah Farooqi, Yamsa Noor, Yashwa Ayub, Yasir Khan Milzai, Zara Madani, Zarish Kaleem, Zeb Bangash, Zeek Afridi, Zeeshan Ali, Zille Huma (of the Manwa Sisters), Zoha Zuberi, Zohaib Zaman, and Zubin Ernest (Gospel singer).

According to the announcement, a video for the new rendition of the national anthem was created by Num Films, a production company located in Karachi.

The 16-member Steering Committee for the Re-Recording of the National Anthem was established by the Pakistan Tehreek-e-Insaf (PTI) government in June 2021, with former senator Javed Jabbar serving as its chairman.

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For The Fourth Time In 2022, Pak Suzuki Have Raise Bike Prices

August 3, 2022 / By Zunair Tahir / Automotive News

Following Atlas Honda and Yamaha, Pak Suzuki Motor Company (PSMC) has also raised the price of their motorbikes as a result of the devaluation of local currency.

This is the fourth price increase PSMC has announced for its motorcycles this year. The new ex-factory costs for PSMC bikes as of August 1 are as follows:

Suzuki’s GD 110S, GS 150, GS 150SE, and GR 150 all had starting prices of Rs. 199,000, Rs. 215,000, Rs. 232,000, and Rs. 315,000, respectively, at the beginning of 2022.

This indicates that costs have increased this year by up to Rs. 50,000. Last year, PSMC hiked bike costs four times. Suzuki bike costs increased by much to Rs. 28,000 between January and December 2021.

Two-wheelers are now out of the price range for the majority of purchasers due to the bike industry’s recurrent price increases over the past two years. The bike sector in particular need the government’s attention because of this problem.

People of Pakistan are facing serious economic crisis and the companies are increasing the prices of their bikes day by day and for the local people it is very difficult to afford a good bike now and if u assume that a private job person whose salary is around 40,000/: is not able to afford these Suzuki bikes in this price range he will be forced to buy used bike or that bike whose maintenance is low and parts are easily available in the market.

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UAE To Spend $1 Billion In PSX, Claims Miftah Ismail

“Problems will continue to prevail until September,” says Miftah Ismail

READ MORE: Banks Will Be Closed On August 8 and 9 For Muharram In 2022

READ MORE: In Three References, ECP Summons Imran Khan

In Three References, ECP Summons Imran Khan

Imran Khan is being asked to appear on August 23 at 10am by the electoral authority.

Pakistan’s Medal Score At The 2022 Commonwealth Games Climbs to 5

READ MORE: Banks Will Be Closed On August 8 and 9 For Muharram In 2022

Common Wealth Games 2022 Competitors:

Banks Will Be Closed On August 8 and 9 For Muharram In 2022

READ MORE NEWS…

From Friendly Nations, Pakistan Receives The “Green Light” For A $8 Billion Package

ISLAMABAD: According to reliable sources cited by ARY News on Friday, friendly nations have given Pakistan the go-ahead to receive investment and money.

READ MORE

Muva Electric Rickshaw Made In Pakistan l Pakistan Auto Show 2022 l

MUVA (Rethink Urban Mobility)

At its state-of-the-art facility in Lahore, Pakistan, MUVA Electric Rickshaws are made entirely from scratch

Muva Electric Rickshaw Specification:

Detail Specifications:

Battery Type:

Weight & Capacities:

Dimensions:

In Japan, A Brand New Toyota Land Cruiser Prado Matte Black Edition Debuts

The SUV Receives Several New Trim Pieces

Gallery:

READ MORE

Specifications:

Price Tag:

READ MORE NEWS…

Uber Will Reveal To Drivers Their Pay After Accepting A Ride

The way drivers accept trips has been “reimagined,” according to Uber.

READ MORE

The New National Anthem Will Be Released By The Government On August 14

READ MORE

READ MORE NEWS…

For The Fourth Time In 2022, Pak Suzuki Have Raise Bike Prices

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