Passenger car sales rose by 32.2% to 83,269 units during the first 10 months of the current fiscal year compared to the same period in the previous year because of a fall in interest rate announced by the State Bank of Pakistan (SBP) and improved buyer sentiment. According to data released by the Pakistan Automotive Manufacturers Association (PAMA), sales of all vehicles, including two, three a
China has removed a ban on airlines taking delivery of Boeing planes after the United States and China agreed on a temporary cut in steep tariffs, Bloomberg News reported on Tuesday, citing sources familiar with the matter. Officials in Beijing have started to tell domestic carriers and government agencies this week that deliveries of aircraft made in the US can resume, Bloomberg said. Last mon
Pakistan's economic managers have expressed serious concerns over the newly appointed boards of power distribution companies (DISCOs), which have failed to meet loss reduction targets. The Economic Coordination Committee (ECC), in a recent meeting, voiced grave concern that the targets assigned to DISCOs regarding reduction in transmission and distribution (T&D) losses had not been met. Specifi
Telenor Group has voiced concerns about the ongoing delays in selling its local operations to Pakistan Telecommunication Company Ltd (PTCL), stating that these delays have resulted in a continuous decline in Telenor Pakistan’s customer base. In the first quarter report of the current calendar year, released in Norway, Telenor International stated that obtaining the necessary regulatory approval
The Pakistan Textile Exporters Association (PTEA) has urged the government to rectify anomalies in the industrial electricity tariff, which will penalise large industries investing in high-voltage infrastructure. The demand came from the association when the country’s textile exports have slowed down in the past few months owing to structural changes and the high cost of energy. In a sta
