Tag: auction

  • Here’s a look at the world’s first V12 supercar from ’60s

    Here’s a look at the world’s first V12 supercar from ’60s

    When the Lamborghini Miura first appeared in 1966, it set new records as the world’s fastest production vehicle. The Miura set the standard for sports cars at the time, achieving a top speed of 280 km/h and accelerating from 0 to 100 km/h in 6.7 seconds. It is widely regarded as the first supercar.

    Ferruccio Lamborghini founded his sports car company in an attempt to compete with Ferrari. His first car, the 350GT, launched in 1964 and was instantaneously praised as a worthy rival to modern Ferrari grand tourers. But it was his second car, the mid-engined Miura, that really hurt Maranello.

    Miura held a unique place in automotive history. It was regarded as the world’s first “supercar,” a term coined by automotive writer LJK Setright to describe this vehicle’s exotic appearance, advanced design, and incredible performance. The latter may have been overstated by Lamborghini, who initially claimed it could reach 300 km/h.

    The Miura was dubbed a supercar for its advanced mid-engined design. At the time, mid-engined setups were thought to be either impossible or unnecessary for road cars (among them included Enzo Ferrari). Prior to the Lamborghini, a few cars attempted to use it on the road, but the majority of them were actually road-legal race cars, such as the 1954 Porsche 550 Spyder or 1964 Ford GT40.

    Only the De Tomaso Vallelunga, which debuted a year before Miura, was a true mid-engined road car. Of course, the 4-cylinder De Tomaso was not a supercar. Lamborghini was the first to use a mid-engine in a serious performance vehicle.

    The most significant contribution Miura made to history was launching a two-horse supercar race between Lamborghini and Ferrari. In 1969, Ferrari reclaimed the world’s fastest car title from Miura with the Daytona 365GTB/4.

    In 1974, Lamborghini responded with the even more ambitious Countach, and Ferrari responded with the 365/512BB. In 2022, the ‘supercar war’ is still going on.

  • National awareness campaign launched to protect children against cybercrime

    National awareness campaign launched to protect children against cybercrime

    The Federal Ombudsman’s nationwide public awareness campaign aimed at educating the wider populace and relevant groups about the skills and methods needed to combat cybercrime against children is now in full swing.

    On Sunday, a representative for the Federal Ombudsman Office said that as part of the program, state-run broadcasting stations broadcast informational messages and programmes about the prevention and control of cyber-crime against children in Urdu and regional languages.

    The strategic goal of the awareness campaign, according to Commissioner for Children Syeda Viqar un Nisa Hashmi, is to raise public awareness about the effects of cyber-crime abuse and exploitation of minors, as well as to educate children so that they could protect themselves from such situations.

    He went on to say that politicians were encouraged to bring legal amendments to the issue as part of the protection drive. The FIA Cyber Crime Cell is also conducting operations to apprehend the remaining suspects. 

    Read more: Lahore Police arrested 648 dacoits, recovering more than Rs27 crore in three months

    Earlier, the Federal Investigation Agency’s Cyber Crime Cell also nabbed a gang in Lahore that was allegedly making money from the dark web through juvenile crime.

  • Islamabad’s New Blue Area auction receives Rs.12 Billion Investment in Just two Days

    New Blue Area project in Islamabad has received an investment of more than Rs. 12 billion in just 2 days of the auction.

    Capital Development Authority (CDA) has organised a three-day auction from July 15 to 17 for the commercial plots of the New Blue Area situated on Jinnah Avenue in front of the F-9 Park.

    So far, eight commercial plots of different sizes were auctioned that were sold for more than Rs. 12.79 billion.

    The spokesperson of CDA said “the New Blue Area project is evidence of Prime Minister (PM) Imran Khan efforts to promote the construction industry in Pakistan. The interest of the investors in the auction process shows their confidence in the business-friendly policies of the Federal Government.”

    The authorities are expecting to receive a total investment of Rs. 15 billion by the end of the three-day auction process, which is ending today.

    The investment that will be collected through the auction will be used in different projects for the betterment of Islamabad residents.

    On 1 March, PM Imran Khan had visited the proposed site of the New Blue Area project before formally launching the project.

    PM Imran Khan had formally approved the plan of the New Blue Area project in February after CDA allocated 170 Kanals for the project on Jinnah Avenue.

  • Azhar Ali is auctioning two of his ‘closest belongings’ for COVID-19 relief

    Azhar Ali has put up two of his ‘closest belongings’ – a bat and a national jersey – for auction in a bid to raise funds for those affected by the coronavirus pandemic.

    In a video message posted to Twitter, the test cricketer shared that he is auctioning the bat with which he made a triple Test century during the day-night Test match against West Indies and the jersey from the 2017 Champions Trophy which also bears signatures of all squad members.

    Azhar Ali hits out during the ICC Champions Trophy
    Azhar Ali hits out during the ICC Champions Trophy semi-final between England and Pakistan

    In his message, Ali said that the base price for the two items was Rs 1 million each.

    “These two things are very close to my heart and I wanted to keep them but desperate times call for desperate measures,” he added.

    https://twitter.com/AzharAli_/status/1255016799583813632?s=20

    Earlier, Rumman Raees had also auctioned his debut ODI cap, which he received during the Champions Trophy, along with his jersey, cricket bat and the two-starred Islamabad United shirt. He had managed to raise almost Rs1 million.

    Cricketers and sportsmen all over the world and auctioning their memorabilia to raise funds for coronavirus relief efforts.

  • Ishaq Dar to take govt to court for turning his residence into shelter home

    Ishaq Dar to take govt to court for turning his residence into shelter home

    Pakistan Muslim League-Nawaz (PML-N) leader and former finance minister Ishaq Dar has accused the federal and Punjab governments of contempt of court for turning his Lahore residence — seized as part of the National Accountability Bureau’s (NAB) action against him in an assets beyond means case — into a shelter home.

    “They have violated the decision of the Islamabad High Court (IHC) and I will take them to court for it,” Dar said in a video message tweeted by the PML-N.

    Dar’s 4 kanal 17 marla residence in Lahore’s posh Gulberg area was seized on July 27, 2019, on NAB’s orders and was to be auctioned last month.

    “The government had raided my residence in Lahore and wanted to auction it in January, but the court had on January 27 barred it from doing so,” Dar said in the video, adding that when the government failed to auction it, it decided to convert the house into a shelter home.  

    He termed the conversion of his residence as “state terrorism”, and maintained that he had proof of his innocence. “I can show it to the world in a global conference but I’m waiting for the right time.”

    Dar had left Pakistan in 2017 to seek medical treatment abroad and hasn’t returned since. On May 8, 2018, he was ordered by the Supreme Court (SC) to return to the country and Pakistan had even sought Interpol’s help for the same, however, on November 7, 2019, Interpol had said there was insufficient evidence against Dar for his extradition.

    His house is going to be inaugurated as a shelter home by Punjab Social Welfare Department on Saturday. As many as 40 people will be given a place to stay in the house, and beds have been set up in what was once a living room. Each room is air-conditioned and separate rooms for women have also been set up.

  • Rs185m set as minimum price for Dar’s Lahore house to be auctioned Jan 28

    Rs185m set as minimum price for Dar’s Lahore house to be auctioned Jan 28

    The government has initiated the process to auction the Lahore residence of Pakistan Muslim League-Nawaz (PML-N) leader and former finance minister Ishaq Dar, which was confiscated by the National Accountability Bureau (NAB) in an assets beyond means case earlier.

    According to The Express Tribune, the government on Tuesday advertised the auctioning of the house on January 28, which would allow the highest bidder to take its possession. The district government has set a minimum price of Rs185 million.

    Located in the H-Block of Lahore’s posh Gulberg neighbourhood and spreading over four kanals, the house comprises 12 rooms. It was sealed by the district government on NAB orders three months ago. Dar’s wife had challenged the order, but in November 2019, an accountability court had dismissed her petition.

    Tabassum Ishaq Dar had contended that the house was owned by her as it was given to her by Dar on February 14, 1989. The court had ruled that Tabassum had failed to prove that the property was gifted to her, and upheld NAB’s decision to confiscate the property.

    Dar, who is currently in London, has been absconding court proceedings since 2017 following the registration of the corruption reference against him. NAB has also confiscated his various bank accounts worth Rs500 million.