Tag: local

  • Gold prices in Pakistan hit historic high of Rs143,600 per tola

    Gold prices in Pakistan hit historic high of Rs143,600 per tola

    Gold prices in Pakistan continued to rise as the Pakistani currency fell deeper versus the US dollar, pushing the precious metal to a high of Rs143,600 per tola.

    The price of gold per tola increased by Rs1,950 per tola, as per the All Sindh Sarafa Jewellers Association (ASSJA). Moreover, the price per 10 gramme jumped by Rs1,672 to Rs123,114.

    Following yesterday’s gain of Rs1,950 per tola, the gold price has risen by Rs5,250 in the last four days (Friday-Tuesday).

    During the current economic crisis, gold has resurfaced as a secure investment, and consumers have been eagerly buying gold to preserve their savings against inflation.

    The rupee’s collapse, which reached an all-time low of Rs201.41 versus the US dollar in the interbank market, compelled the gold trading body to drastically raise the bullion price.

    The price of yellow metal fell by $4 per ounce on the international market to settle at $1,858. When compared to the Dubai market, gold prices in Pakistan are roughly Rs1,500 lower.

  • Honda announces third price hike, Honda 125 is now priced at Rs163,500

    Honda announces third price hike, Honda 125 is now priced at Rs163,500

    Pakistan’s top two-wheeler manufacturer, Atlas Honda has announced another significant price hike for its motorcycles which is Honda’s third price increase in less than five months.

    Honda CD70, the country’s most popular two-wheeler, is now priced at Rs102,900, after an increase of Rs3000. The 100cc Honda Pridor following the increase will be sold for 139,000 after an increase of Rs3000 in its old price of Rs136,900, while the iconic Honda 125 is now priced at Rs163,500 after a hike of Rs4000 in its prior cost.

    The price of the Honda CB 150 SE increased by Rs8,000, bringing the total price to Rs303,900, up from Rs295,900 previously.

    Pakistan’s two-wheeler industry has achieved over 90 per cent localization, according to the Ministry of Industries and Production’s (MOIP) latest report. This means that the majority of a motorbike’s structural and mechanical components are manufactured in Pakistan, with only a few foreign parts.

    Read more: Honda Atlas announces price hike instead of fixing delivery issues

    Despite this, all companies continue to raise their bike pricing without introducing or incorporating any advancement, putting them out of reach for the majority of local consumers.

  • Pakistani assembled Chery Tiggo SUVs to be delivered in June 2022

    Ghandhara Nissan Limited (GNL) has officially opened bookings for Chery Tiggo 4 Pro and Chery Tiggo 8 Pro, introduced with an ex-factory price of Rs 4.6 million and Rs 6.6 million respectively.

    The booking price of Tiggo 8 Pro is Rs 1.5 million and that of Tiggo 4 Pro is Rs 1 million and the expected delivery time for both models is June 2022. 

    The company partnered with Chinese Chery Automobile Co Ltd. for local assembly and distribution of the Tiggo SUV series in 2021. Chery Tiggo will now be the 12th locally assembled SUV in Pakistan.

    GNL said it had started assembling the SUVs and would be delivering the first batch of the vehicles in April at its authorized dealerships. Chery Tiggo 4 is a 1.5L Turbo five-seater vehicle, while Tiggo 8 Pro is a 1.6L Turbo seven-seater SUV.

    Considering the Auto Development Policy (ADP) 2016-21, Toyota Fortuner was the only locally assembled SUV in Pakistan.

    However, nearly a dozen SUVs were introduced after the auto industry was encouraged by the government and new entrants started stepping into the local auto market of Pakistan.

    Tiggo 8 Pro will compete against 7-seater vehicles in the local market, including the most popular Toyota Fortuner, and the offerings from new entrants: Changan Oshan X7 Comfort, DFSK Glory 580 Pro, as well as Kia Sorento. While the Tiggo 4 Pro will be a direct rival to 5-seater crossovers like KIA Stonic, MG ZS, and the newly introduced Peugeot 2008. 

  • Is Spotify finally coming to Pakistan?

    Swedish-based audio streaming and media services provider Spotify is finally coming to Pakistan. The biggest music streaming services provider confirmed the news on their official Twitter handle.

    “We launch in 80+ new markets over the next few days. See you soon Bangladesh, Pakistan and Nigeria,” the post read.

    Official Instagram account of Spotify Pakistan also hinted at the possibility of launching their services soon in Pakistan by sharing a post with the caption: “Check it out, a new way to discover and play music is coming your way.”

    According to a report, Spotify’s CEO Daniel Ek at a Spotify ‘Stream On’ event said: “This move will make Spotify available to more than a billion people in new markets around the world, with nearly half of them already using the internet.”

    As per Spotify, “Spotify is embarking on a sweeping expansion that will introduce the world’s most popular audio streaming subscription service available to more than a billion people in 80+ new markets around the world, and add 36 languages to our platform.

    “By reaching even more countries across Asia, Africa, the Caribbean, Europe, and Latin America, we’re giving millions of new creators the opportunity to create, discover, and build a career in audio creation—and giving a billion new fans the opportunity to hear it.”

    Last year in November, Spotify created a verified Instagram account for Pakistan, which has gained 24K followers already. However, no official statement was made at the time.

    Spotify is the world’s biggest music streaming platform in terms of the number of subscribers. Users of the service simply need to register to have access to one of the biggest-ever collections of music in history, plus podcasts, and other audio content.

    Spotify, launched in 2008, has grown to be one of the biggest streaming platforms in the world.

  • Pakistani truck art flies high

    Pakistani truck art flies high

    Pakistan’s renowned truck art will move from the highways to the skies, as a flying academy has decorated a two-seater Cessna aircraft using the colourful technique.

    In recent times, Pakistan’s colourful truck art has grown increasingly popular in the West. With elaborate and flamboyant motifs, Pakistani truck art has inspired gallery exhibitions abroad and prompted stores in Western cities to sell miniatures. In fact, UNESCO has been using this unique art blended with indigenous motifs to communicate messages on girls’ education in Kohistan district in Khyber Pakhtunkhwa.

    “We want to show the world that Pakistan is not all about Financial Action Task Force and terrorism issues; it’s a very diverse country and a land of opportunities,” says Imran Aslam Khan, chief operating officer of Sky Wings, a flight training organisation.

    He also plans to paint other aircraft, with the aim of promoting tourism in Pakistan.

    Read more – Did you know Pierre Cardin also designed uniforms for PIA?

    “The world is familiar with our truck art representation; now, with this aircraft, our colours will fly in the air. We are really excited,” said Haider Ali, the artist painting the aircraft.

    Ali who is now 40, has been decorating trucks since his childhood. He was trained by his father and now he is one of the most prominent such painters in Pakistan.

    He also hopes to paint an Airbus or Boeing aircraft in the future, saying an opportunity to work on such gargantuan planes would truly be a learning experience.

  • GO LOCAL? Yeah, We can eat that

    GO LOCAL? Yeah, We can eat that

    As the dollar rises and prices soar, all of us are beginning to feel the crunch. Can’t afford the cheeses you bought all so frequently? Or that cooking chocolate you loved? Here are some local alternatives that are tried and tested.

    Adams Burger Cheese

    Even though we have some local artisanal cheeses available, their prices are also really high. We tried Adams Buffalo Mozzarella and Burger Cheddar Cheese on homemade pizzas and grilled cheeses and are pleased to report that they are excellent. Will never go imported for these commonly loved cheeses

    Baker’s Choice Cooking Chocolate

    As home-based and small bakery owners cry about the rising prices of cooking chocolate, we tried Baker’s Choice Dark Chocolate for baking fudge brownies and damn, they’re just as good as the Malaysian counterpart.

    Opa! Frozen Fries

    Those bags of imported fries aren’t worth the price (and the import if you ask us). Opa! Fries are local, thin and crispy and perfect for you and your kids. Crunch!

    Quinoa

    No need to spend thousands on imported Quinoa. There are excellent local options, like The Soul Food Company and Green Horizon. We’ve tried the Soul Food’s quinoa and it’s super.

    Dipitt Sauces

    We aren’t missing Heinz as much anymore. Dipitt Sauces are great, a local, no preservatives and no MSG and their whole range is pretty darn good if you ask us.

    Nuts

    Hit shops selling dry fruits from Hunza and Gilgit Baltistan, especially if you’re in Islamabad. They’re just as good, if not better than their foreign competition.

    DISCLAIMER: This article is not sponsored and is unpaid.