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  • Chery Pakistan increases Tiggo 4 Price to Rs7 million

    In the face of mounting economic uncertainty, import restrictions, and complications surrounding Letter of Credit (LC) transactions, Chery Pakistan has been forced to implement a significant price hike on one of its popular crossover SUVs.

    According to Pakwheels, the Chery Tiggo 4, a favoured choice among Pakistani car enthusiasts, will now come with a heftier price tag, soaring from Rs6,399,000 to Rs6,999,000, reflecting an increase of Rs600,000. This move comes as Chery Pakistan grapples with the multifaceted challenges posed by a volatile economic landscape and supply chain disruptions, as the company revealed in an official statement.

    The surge in pricing has been attributed to the prevailing precarious economic conditions and the stifling supply constraints that have been a constant thorn in the side of numerous industries, including the automotive sector. Nevertheless, Chery Pakistan aims to mitigate the impact on its customers by extending a price lock guarantee to all new bookings for the Chery Tiggo 4, providing a semblance of stability amidst the tumultuous market fluctuations.

    The price escalation, while not entirely unexpected, underscores the current tribulations faced by Pakistan’s local auto industry. As a sector heavily reliant on imported components, particularly critical vehicle parts, the domestic car manufacturing industry is inherently susceptible to the ripple effects of foreign exchange rate fluctuations.

    Compounding the challenges are the import restrictions introduced by governmental authorities, leading to a cascade of delays and, in some instances, complete production standstills for various car manufacturers.

    The predicament has been further exacerbated by the non-issuance of LCs by the State Bank of Pakistan (SBP), casting a darker shadow over an already beleaguered landscape. Industry experts predict that the situation is poised to persist for the foreseeable future, with a grim timeline of at least 2–3 years for the auto sector to regain its footing.

    The intertwining of persistent economic woes with a backdrop of political instability paints a disheartening picture, further clouding the prospects of a swift recovery.

  • ‘Poora maza lootun’, SRK has a hilarious response to going bald

    ‘Poora maza lootun’, SRK has a hilarious response to going bald

    Shah Rukh Khan did another one of his hilarious #AskSRK sessions on Twitter to celebrate the release of ‘Jawaan’ on September 7.

    In response to one question, the actor addressed his unique look as a bald man, an image that had shocked social media.

    When a fan asked him why he chose to shred his dark locks for a bald look, the actor hilariously responded:

    “Ghar ke bahar aule padh rahe the….socha ganja ho jaoon….pura maza lootun….”

    Not quite a bad reason in our opinion! And twitter users had to cackle as well!

    Other than his witty remarks, the Bollywood Badshah had to commemorate some of his iconic films like ‘Chak De! India’ by praising the female actors who helped make the film so memorable

  • Kaun banega caretaker PM? Consultations between Shehbaz and Raja Riaz to begin today

    Kaun banega caretaker PM? Consultations between Shehbaz and Raja Riaz to begin today

    Consultations between Prime Minister Shehbaz Sharif and Leader of the Opposition Raja Riaz will start today as the country waits for an announcement on who will be the caretaker Prime Minister.

    A meeting between Raja Riaz and Shehbaz Sharif was postponed yesterday due to the dissolution of the National Assembly late last night.

    “The president dissolved the National Assembly on the advice of the prime minister under Article 58-1 of the Constitution,” read an official statement issued by the President’s Office on X, formerly known as Twitter, late Wednesday.

    Shehbaz Sharif has invited Raja Riaz to the meeting by sending a letter, writing that President Arif Alvi has dissolved the National Assembly and that it’s his constitutional responsibility to appoint the caretaker Prime Minister.

    The PM and Raja Riaz will mutually decide on one of the names proposed for the caretaker Premier.

    Earlier on Wednesday, the opposition leader denied rumours that a scheduled meeting had been postponed for nefarious reasons and expressed eagerness for the upcoming conversation with Prime Minister Shehbaz Sharif.

  • Mahira Khan, Nina Kashif buy rights to ‘This House of Clay and Water’

    Mahira Khan, Nina Kashif buy rights to ‘This House of Clay and Water’

    Actress Mahira Khan is about to attempt changing the Pakistani entertainment industry for good by bringing forward an array of unique projects. Yesterday, author Faiqa Mansab announced on her Instagram page that the actress, along with producer Nina Kashif had brought the rights to her novel ‘This House Of Clay And Water’ under the banner of Soul Fry Films. Mahira is grounded yet a true superstar, the novelist wrote, adding that her book is in good hands:

    “I am so happy to have Mahira and Nina at the helm for this project because they really get the essence of this story. I was immediately won over by Mahira, who is grounded and yet a true superstar. In a few words she showed me how deeply she understood my novel. Few people have shown such insight. My novel is in extremely good hands. I look forward to seeing it on screen. Thank you to all who believe in my stories!”

    In a statement released to Book Brunch, Mahira and Nina called the novel “one of the most poetic pieces of writing”:

    ‘This book is one of the most poetic pieces of writing that we have come across from our part of the world. Each character stays with you, you feel invested in all of them. A story that is so different and yet so rooted. It would be an honor for us to adapt it for our screen audience. We are so grateful to Faiqa for putting her trust in us with what we feel is a piece of her heart, and now ours.”

    ‘The House Of Clay And Water’ was released in May 2017 and explores the lives of two women, Nida and Sasha and how they navigate a world that makes them feel alienated.

  • ‘Worst assembly’: PML-N’s Shahid Khaqan slams govt

    ‘Worst assembly’: PML-N’s Shahid Khaqan slams govt

    Former Prime Minister Shahid Khaqan Abbasi has said in his farewell speech on Wednesday that the outgoing National Assembly was the worst because it did not provide relief to the public.

    The former Prime Minister, a stalwart of the ruling Pakistan Muslim League-Nawaz (PML-N), said that not a single legislation was passed by the Lower House in its five years. “You seek record of five years’ legislation and you will see all the government bills were not meant to provide relief to people,” he said, stressing that it was a matter of shame for all.

    He pointed out that the people have lost faith in the government, emphasizing that such matters cannot be fixed by legislation but with actions. He blamed everyone for the economic crisis in the country, adding that it would take at least ten years to fix the economy.

    People say that all members of the assembly are corrupt and we show that they are correct,” Abbasi said, pointing out that parliamentarians were surrounding the Interior Minister to get his signature for licenses.

  • IMF willing to work with prolonged caretaker setup for SBA programme success

    IMF willing to work with prolonged caretaker setup for SBA programme success

    The International Monetary Fund (IMF) is reportedly willing to collaborate with a prolonged caretaker government in Pakistan to wrap up the $3 billion Standby Arrangement (SBA) programme, offering relief for the country’s economic challenges. 

    The ongoing SBA programme, set to conclude around March–April 2024, has garnered support from the IMF for this approach.

    Pakistan has informed the IMF about the possibility of extending the caretaker government’s term after the approval of the 7th Population and Housing Census. This change pushes the next elections to the first quarter of 2024 instead of the anticipated 2023 date.

    Candidates for crucial ministries, like finance, include Sultana Allana, Dr Ashfaque Hassan Khan, and Tariq Bajwa. For other economic portfolios, Muhammad Mian Soomro and Ijaz Gohar are being considered.

    Former FBR chairman Shabbar Zaidi declined a role in the interim setup due to personal reasons.

    In scenarios where Jalil Abbas Jilani or Dr Abdul Hafeez Shaikh become caretaker premiers, potential finance minister candidates shift. 

    Outgoing finance minister Ishaq Dar aims for a team member to secure a significant role.

    Ultimately, the decision rests on the appointment of the PM’s top official.

  • ‘I’ve been dreaming about this for a long time’: Ranveer Singh celebrates being cast as ‘Don’

    ‘I’ve been dreaming about this for a long time’: Ranveer Singh celebrates being cast as ‘Don’

    On Wednesday, the internet was blown away when Excel Entertainment announced that the next actor to play the iconic villain ‘Don’ jis ko 11 mulkoon ki police dhoond rahi hai will be Ranveer Singh.

    The thriller icon was previously played by Amitabh Bachchan and Shah Rukh Khan- leading to incredibly high expectations about who would be the next person to fill in such big shoes.

    READ MORE: Ranveer Singh confirmed to be the next ‘Don

    Taking to his Instagram account, Ranveer celebrated the announcement by sharing some throwback pictures of his childhood when he used to pretend to play the villain, calling this something he had been dreaming about for a long time:

    “As a child I fell in love with the movies, and like the rest of us,” gushed the ‘Rocky and Rani ki prem kahani actor. “Watching and worshipping Amitabh Bachchan and Shah Rukh Khan – the two G.O.A.Ts of Hindi Cinema . I dreamed of growing up to be like them. They are the very reason I wanted to become an actor and a ‘hindi film hero’. Their impact and influence on my life cannot be overstated. They’ve shaped the person and actor that I am. Taking their legacy forward is a manifestation of my childhood dream ”

    Addressing some of the critics who were aghast by the announcement, Singh went on to say:

    “I understand what a great responsibility it is to be a part of the ‘Don’ dynasty. I hope the audience gives me a chance and showers me with love, the way they have for numerous characters over the past so many years. ”

  • Taylor Swift announces 1989 (Taylor’s Version)

    She never goes out of style

    Taylor Swift really knows how to keep cruising. On Wednesday she announced that her next rerecorded album will be 1989, on the sixth L.A show of the Era’s tour at SoFi Stadium.

    The new rerecording comes after Speak Now (Taylor’s Version), Fearless (Taylor’s Version) and Red (Taylor’s Version)- in an effort to own the original masters of her own albums after she spoke publicly about cutting ties with her own record label when they sold it to Scooter Braun.

    Swift said the album will be released internationally on October 27, calling it a dream to own her music:

    “Since I was a teenager, I wanted to own my music and the way to do it was to re-record my albums and call them Taylor’s Version. And the way that you have embraced that, the way that you have celebrated that, you really decided that it was your fight, too, and that you were 100% behind me and that if I cared about it, you cared about it,” the ‘Anti-Hero’ singer. “I will never stop thanking you for that. It was so generous. And so now here we are at the last night of the US leg of the Eras Tour in the eighth month of the year, on the ninth day of the month.”

    “There’s something that I’ve been planning for a really, really long time… and I think instead of just like telling you about it, I think I’ll just sort of show you,” and Swift gestured to the screen which showed the album artwork for 1989, along with the release date.

    Along with a post on her social media account, Swift called this her ‘FAVOURITE re-record’ and said that the 5 From The Vault tracks are ‘insane’.

    Released in 2014, the album featured critically acclaimed tracks like ‘Blank Space’, ‘Style’ and ‘Wildest Dreams’, and had gone on to win Swift’s second Album of the year award at the Grammy’s.

  • Nepra approves Rs2.31 per unit tariff increase for K-Electric consumers

    The National Electric Power Regulatory Authority (Nepra) has approved a tariff increase of Rs2.31 per unit for K-Electric (KE) consumers due to June 2023’s monthly fuel charges adjustment. This is slightly below KE’s requested Rs2.34 per unit hike. The new tariff takes effect in August and excludes lifeline consumers and electric vehicle charging stations.

    A public hearing on July 26, 2023, discussed KE’s proposal to address higher fuel costs for electricity generation in June. KE generated electricity at Rs24.90 per unit internally, while government-supplied electricity cost Rs11.56 per unit during that period. Nepra’s analysis resulted in an upward revision of Rs2.31 per unit for June, compared to KE’s requested increase.

    Conversely, Nepra raised the power tariff by Rs1.81 per unit for ex-Wapda distribution companies (DISCOs) in June’s fuel charges adjustment, slightly less than the hike for KE consumers. The Central Power Purchasing Agency-Guarantee (CPPA-G) requested a tariff increase of Rs1.88 per unit on behalf of DISCOs.

    This tariff adjustment, effective in August, applies to all DISCOs customers except lifeline consumers and electric vehicle charging stations. It follows a public hearing held by Nepra on July 26. Earlier, DISCOs customers paid Rs1.90 per unit under May 2023’s fuel charges adjustment, making the new rate Rs0.09 per unit lower.

    While the tariff increase has raised concerns among consumers, it has also spotlighted the delay in approving renewable energy projects. During KE’s petition hearing, an industrial consumer, Rehan Javed, highlighted pending Requests for Proposals (RFPs) with Nepra, which could expedite affordable electricity production through renewables, benefiting Karachi’s businesses.

    Nepra member Rafique Ahmed Shaikh expressed disappointment in KE’s slow progress in embracing renewable energy. Delayed approval of RFPs has hindered renewable energy initiatives.

    The Ministry of Energy’s bid to raise the base tariff for the new fiscal year, potentially leading to record-high prices, underscores the urgency of integrating renewable energy into the national energy mix.

  • Khan’s alleged cypher is out

    A report carried by The Intercept, a US publication, says that Imran Khan’s cypher which he blamed for his removal from power, did include American official Donald Lu pressurising Pakistan to oust Khan. The Intercept says it has the cypher.

    The conversation took place during a meeting held on March 7, 2022.

    The meeting between the Pakistani ambassador to the United States and two State Department officials has drawn significant attention, controversy, and rumours in Pakistan.

    On August 5, Khan was given a three-year prison sentence in the Tosha Khana case and was arrested for a second time since being ousted. Khan’s supporters deny the accusations as unfounded.

    One month after the meeting with U.S. officials documented in the leaked Pakistani government document, a no-confidence vote was held in Parliament, leading to Khan’s removal from power.

    The text of the Pakistani cable that the ambassador sent to Islamabad following the meeting has not yet been made public. The cable, internally referred to as a “cypher,” promises improved relations if Khan was ousted and isolation if he was not, The Intercept says.

    An unnamed insider in the Pakistani military who claimed to have no connections to Imran Khan or Khan’s party gave The Intercept access to a
    the document.

    Here is the complete text of the cipher as published in The Intercept:

    “I (the former Pakistani Ambassador to the US) had a luncheon meeting today with Assistant Secretary of State for South and Central Asia, Donald Lu. He was accompanied by Deputy Assistant Secretary of State Les Viguerie. DCM, DA and Counsellor Qasim joined me.

    At the outset, Don referred to Pakistan’s position on the Ukraine crisis and said that “people here and in Europe are quite concerned about why Pakistan is taking such an aggressively neutral position (on Ukraine), if such a position is even possible. It does not seem such a neutral stand to us.” He shared that in his discussions with the NSC, “it seems quite clear that this is the Prime Minister’s policy.” He continued that he was of the view that this was “tied to the current political dramas in Islamabad that he (Prime Minister) needs and is trying to show a public face.” I replied that this was not a correct reading of the situation as Pakistan’s position on Ukraine was a result of intense interagency consultations. Pakistan had never resorted to conducting diplomacy in public sphere. The Prime Minister’s remarks during a political rally were in reaction to the public letter by European Ambassadors in Islamabad which was against diplomatic etiquette and protocol. Any political leader, whether in Pakistan or the U.S., would be constrained to give a public reply in such a situation.

    I asked Don if the reason for a strong U.S. reaction was Pakistan’s abstention in the voting in the UNGA. He categorically replied in the negative and said that it was due to the Prime Minister’s visit to Moscow. He said that “I think if the no-confidence vote against the Prime Minister succeeds, all will be forgiven in Washington because the Russia visit is being looked at as a decision by the Prime Minister. Otherwise, I think it will be tough going ahead.” He paused and then said “I cannot tell how this will be seen by Europe but I suspect their reaction will be similar.” He then said that “honestly I think isolation of the Prime Minister will become very strong from Europe and the United States.” Don further commented that it seemed that the Prime Minister’s visit to Moscow was planned during the Beijing Olympics and there was an attempt by the Prime Minister to meet Putin which was not successful and then this idea was hatched that he would go to Moscow.

    I told Don that this was a completely misinformed and wrong perception. The visit to Moscow had been in the works for at least few years and was the result of a deliberative institutional process. I stressed that when the Prime Minister was flying to Moscow, Russian invasion of Ukraine had not started and there was still hope for a peaceful resolution. I also pointed out that leaders of European countries were also traveling to Moscow around the same time. Don interjected that “those visits were specifically for seeking resolution of the Ukraine standoff while the Prime Minister’s visit was for bilateral economic reasons.” I drew his attention to the fact that the Prime Minister clearly regretted the situation while being in Moscow and had hoped for diplomacy to work. The Prime Minister’s visit, I stressed, was purely in the bilateral context and should not be seen either as a condonation or endorsement of Russia’s action against Ukraine. I said that our position is dictated by our desire to keep the channels of communication with all sides open. Our subsequent statements at the UN and by our Spokesperson spelled that out clearly, while reaffirming our commitment to the principle of UN Charter, non-use or threat of use of force, sovereignty and territorial integrity of States, and pacific settlement of disputes.

    I also told Don that Pakistan was worried of how the Ukraine crisis would play out in the context of Afghanistan. We had paid a very high price due to the long-term impact of this conflict. Our priority was to have peace and stability in Afghanistan, for which it was imperative to have cooperation and coordination with all major powers, including Russia. From this perspective as well, keeping the channels of communication open was essential. This factor was also dictating our position on the Ukraine crisis. On my reference to the upcoming Extended Troika meeting in Beijing, Don replied that there were still ongoing discussions in Washington on whether the U.S. should attend the Extended Troika meeting or the upcoming Antalya meeting on Afghanistan with Russian representatives in attendance, as the U.S. focus right now was to discuss only Ukraine with Russia. I replied that this was exactly what we were afraid of. We did not want the Ukraine crisis to divert focus away from Afghanistan. Don did not comment.

    I told Don that just like him, I would also convey our perspective in a forthright manner. I said that over the past one year, we had been consistently sensing reluctance on the part of the U.S. leadership to engage with our leadership. This reluctance had created a perception in Pakistan that we were being ignored and even taken for granted. There was also a feeling that while the U.S. expected Pakistan’s support on all issues that were important to the U.S., it did not reciprocate and we do not see much U.S. support on issues of concern for Pakistan, particularly on Kashmir. I said that it was extremely important to have functioning channels of communication at the highest level to remove such perception. I also said that we were surprised that if our position on the Ukraine crisis was so important for the U.S., why the U.S. had not engaged with us at the top leadership level prior to the Moscow visit and even when the UN was scheduled to vote. (The State Department had raised it at the DCM level.) Pakistan valued continued high-level engagement and for this reason the Foreign Minister sought to speak with Secretary Blinken to personally explain Pakistan’s position and perspective on the Ukraine crisis. The call has not materialized yet. Don replied that the thinking in Washington was that given the current political turmoil in Pakistan, this was not the right time for such engagement and it could wait till the political situation in Pakistan settled down.

    I reiterated our position that countries should not be made to choose sides in a complex situation like the Ukraine crisis and stressed the need for having active bilateral communications at the political leadership level. Don replied that “you have conveyed your position clearly and I will take it back to my leadership.”

    I also told Don that we had seen his defence of the Indian position on the Ukraine crisis during the recently held Senate Sub-Committee hearing on U.S.-India relations. It seemed that the U.S. was applying different criteria for India and Pakistan. Don responded that the U.S. lawmakers’ strong feelings about India’s abstentions in the UNSC and UNGA came out clearly during the hearing. I said that from the hearing, it appeared that the U.S. expected more from India than Pakistan, yet it appeared to be more concerned about Pakistan’s position. Don was evasive and responded that Washington looked at the U.S.-India relationship very much through the lens of what was happening in China. He added that while India had a close relationship with Moscow, “I think we will actually see a change in India’s policy once all Indian students are out of Ukraine.”

    I expressed the hope that the issue of the Prime Minister’s visit to Russia will not impact our bilateral ties. Don replied that “I would argue that it has already created a dent in the relationship from our perspective. Let us wait for a few days to see whether the political situation changes, which would mean that we would not have a big disagreement about this issue and the dent would go away very quickly. Otherwise, we will have to confront this issue head on and decide how to manage it.”

    We also discussed Afghanistan and other issues pertaining to bilateral ties. A separate communication follows on that part of our conversation”.

    Rana Sanauulah said in his tweet late Wednesday night “It should not be forgotten that Imran Khan Niazi had a copy of the cypher, which he has not returned and has accepted (on record) that he misplaced or lost it. If proven guilty, Khan should be tried under the Official Secret Act”.