Tag: pakistani

  • Pak Suzuki records 62 per cent increase in sales

    Pak Suzuki records 62 per cent increase in sales

    Following the launch of multiple new models in the local auto market, the demand for cars has increased significantly since COVID-19.

    According to a Business Recorder report, volumetric sales in the auto industry have increased significantly Year Over Year (YOY) through the eleventh month of the fiscal year 2022 (11MFY2022).

    According to the data, around 270,000 auto sales were made in the 11MFY2022. It also notes that Kia, Changan, and other new automakers’ sales are not included in these numbers. When their sales are taken into consideration, the total rises to almost 300,000 units.

    With over 130,000 units sold and YoY growth of 62 percent, Pak Suzuki Motor Company (PSMC) continues to be in the lead. With almost 60,000 units sold and a YoY growth rate of 59 per cent, Toyota comes in second. Honda ranks third with over 30,000 units sold and YoY growth of 37 per cent.

    Despite the fact that sales have been steady over the previous year, they are projected to start declining in the second quarter (Q2) of FY2023. The automakers also forecast a drop in sales of up to 25 per cent, citing escalating shipping, gasoline, and raw material costs as well as the consequent pricing hikes.

    Conversely, many experts predict that pre-booked orders would help sales stay robust through Q1 FY2023. It would be fascinating to observe how the sales perform in Q3 FY2023 or Q4 FY2023, according to experts, as that is when the rise in automobile and gasoline prices will really start to have an impact on demand.

  • Pakistani rupee remains volatile as US dollar surpasses Rs211

    Pakistani rupee remains volatile as US dollar surpasses Rs211

    On Monday, the Pakistani rupee dropped sharply to a record low of over Rs211 against the US dollar in the interbank market, indicating that the currency remains highly volatile.

    The rupee’s latest devaluation against the US dollar is the result of panic buying by traders in response to reports that some financial institutions were out of foreign currency.

    According to the State Bank of Pakistan (SBP), the US dollar was available at Rs211.21 at 11:03 AM and had closed at Rs208.75 on Friday.

    It is worth noting that the Pakistani rupee has fallen for the seventh working day in a row, losing nearly Rs6, or more than 3 per cent, to date.

    Experts predict that the Pakistan rupee will continue to fall against the US dollar and other major currencies owing to concerns regarding the IMF’s $6 billion program’s restoration, the country’s expanding current account deficit, and dwindling foreign exchange reserves.

    The PKR which lost 32.5 per cent of its value in the current financial year 2021-22 is forecasted to remain under stress as the dollar is in high demand in the market due to economic crises.

    SBP appears helpless to stem the rupee’s speculative fall, as demand for the US dollar continues to rise due to quarter-end payment strain.

    Monetary specialists attribute the depreciation of the local currency to a widening trade deficit, political instability, and a drop in foreign direct investment. The currency expert believes that the positive news from the Financial Action Task Force (FATF) will help attract foreign investment, increasing the availability of the dollar.

    Traders expect the rupee to settle in a range of 195-200 per dollar until the end of the current fiscal year 2021-22 if the IMF deal is finalised.

    According to data compiled by Ismail Iqbal Securities, Pakistan’s currency has depreciated by 14.57 per cent against the dollar this year, making it one of the worst performers in the world.

    The worst-performing currency was the Sri Lankan rupee, which fell 43.9 per cent, followed by the Laotian Kip, which fell 24 per cent, the Turkish Lira, which fell 23.18 per cent, and the Ghana Cedi, which fell 22.33 per cent, according to the data.

  • British-Pakistani Baroness to the House of Lords Shaista Gohir: ‘Anger drives me’

    British-Pakistani Baroness to the House of Lords Shaista Gohir: ‘Anger drives me’

    Shaista Gohir OBE, CEO of the Muslim Women’s Network UK was appointed Baroness to the House of Lords through her nomination as a non-affiliate peer at the House of Lords. ‘OBE’ [Officer of the Most Excellent Order of the British Empire] next to her name refers to the title used for the second highest ranking officer in the order of the British Empire.

    Gohir has been a trailblazing women’s rights campaigner, especially as an ambitions Muslim woman striving to achieve progressive attitudes amidst Islamophobia and the response of active gendered Islamisation. She joined the Muslim Women’s Network UK (MWNUK) in 2005 and spent almost 17 years developing the organisation from a handful of volunteers to a nationally acknowledged charity, becoming Executive Director, then Chair and eventually Co-Chair so she can diversify her efforts.

    In a report for the Office of the High Commissioner for Human Rights, Gohir writes, “More Muslim women need to be empowered with information to be able to challenge religious extremist rhetoric… More resources need to be created to highlight role models and relevant role models need to be included in the education curriculum.” Shaista Gohir has done extensive work on building the epistemic necessity of female Muslim role models in society.

    On January 15, 2015, Gohir launched a national helpline for Muslim women to help those who are stuck in situations of domestic violence or sexual abuse from family members. Born to parents who hailed from Daultalla, Tehsil Gujarkhan in Rawalpindi, they moved to England in the 1960s, where she was raised by a single mother who worked long hours in a clothing factory. Growing up, even as a child, she had to take care of her siblings and feed them as her mother continued to labor to financially sustain the family. On this subject she tells The Guardian, “Even in a single-parent family, I saw how women would take responsibility for men’s bad behaviour.”

    Her organisation MWNUK has researched extensively the sexual exploitation of Asian girls and their ability to report and on child sexual exploitation and how it can be reported by the members of the service industry. She has also written for The Guardian, advocating Muslim women’s rights, where she talks about a comprehensive report compiled in 2015 by her organisation on the subject of shariah councils and Muslim divorce for women, titled “Information and Guidance on Muslim Marriage and Divorce in Britain”.

    Shaista Gohir has extensively advocated for the rights of Muslim women and given a way of articulation to the problems they face in the West. And so naturally, in light of her relentless efforts, she was appointed as a Baroness to the House of Lords earlier today. Talking to The News and GEO, she emphasised that through her organisation Nisa Global Foundation in Pakistan she wants to expand her mission of supporting and empowering women.

    “A lot of these women are suffering in silence, and they aren’t strong enough to vocalise that they want help,” Gohir says in an interview with The Guardian, “I don’t mind taking the flak.”

  • Lahore Police officials will now wear ‘body cams’  to fight crime

    Lahore Police officials will now wear ‘body cams’ to fight crime

    Lahore Police has planned to utilise Body Worn Cam at E-Police checkpoints on the entry and exit points of the provincial capital for the welfare of the public, according to the Senior Superintendent of Police (SSP) Operations Wing Lahore Captain (retd) Mustansir Feroze. 

    He claimed that the Lahore Police Department’s plan will not only keep the city secure but also minimize citizen-police conflicts. He added that the interaction (audio and video) between police officers and civilians would also be recorded by the Body-Worn Cam.

    According to SSP Operations, this measure will aid in identifying criminals as well as eliminating terrorism. He claimed that this method would re-establish public trust in the police force, and also that citizens can lodge complaints on 1787.

    Read more: Islamabad Traffic Police intensifies crackdown against wrong parking

    Senior police officials will supervise the programme and would offer on-the-spot instructions to address the public’s complaints.

    Body cameras are already being used in a number of other nations, but they have never been deployed by police in Pakistan. This idea will undoubtedly aid higher-ranking Lahore police officials in combating crime and monitoring how officers perform throughout the day and their attitude toward civilians.

  • 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.

  • PIA prohibits pilots and cabin crew from fasting during Ramzan

    PIA prohibits pilots and cabin crew from fasting during Ramzan

    Pakistan International Airlines (PIA) has prohibited its pilots and cabin staff members from fasting during the holy month of Ramzan.

    As per a recent safety notice released by the national flag carrier, fasting is one of the key factors behind diminished human performance.

    The decision is part of the PIA’s in-flight safety measures, which were recently announced by Aamir Bashir, the PIA’s General Manager (GM) of Flight Services.

    In order to meet the physical and psychological demands of flying, a healthy diet is crucial for pilots. Human errors that result in plane crashes can be minimized by focusing on nutrition due to its strong connection with flying performance.

    On-duty pilots and flying crew members should consider several aspects such as tiredness, performance degradation, and refrain from fasting throughout Ramadan, keeping in view the safety of the innocent lives (passengers and other staff).

    In addition to this, the administration has also allowed pilots and cabin crew members to apply for leave who do not wish to give up fasting during the month of Ramadan.

    Read more: Man hacks airline’s website after he lost his baggage

    Lastly, it also noted that non-compliance with the directive could result in the suspension or cancellation of the flying crew’s licenses.

  • Pakistan wins ‘Best Pavilion Exterior Design’ award at Expo Dubai 2020

    Pakistan wins ‘Best Pavilion Exterior Design’ award at Expo Dubai 2020

    The Pakistan Pavilion has been awarded the best exterior award given by the Burj Ceo.

    After winning the award for the best pavilion exterior design, a statement was issued by the Pakistani pavilion stating that “we are happy to win the award for the best pavilion exterior design at the Dubai Expo”.

    Rashid Rana, one of Pakistan’s most celebrated artists, was asked to transform the Pakistan Pavilion into one of the largest artworks of its kind through his artistic intervention. He has been awarded the country’s third-highest civil award ‘Sitara-e-Imtiaz’.

    “We congratulate the country’s renowned artist and exterior designer of the Pakistani pavilion, Rashid Rana, on receiving the highest civil award Sitara-e-Imtiaz in recognition of his outstanding performance in the field of fine arts,” the Pakistani pavilion said in a Twitter message.

  • Babar Azam becomes the fastest Asian batter to reach 4,000 ODI runs

    Babar Azam becomes the fastest Asian batter to reach 4,000 ODI runs

    Pakistan’s skipper Babar Azam become the fastest Asian batter to score 4,000 ODI runs. It took 82 innings to reach this mark. He is also the first-ever Pakistani to complete 4,000 ODI runs in less than 100 innings.

    Babar Azam becomes the second quickest batter after Hashim Amla to achieve this record. Amla scored over 4,000 runs in 81 innings. Former India captain Virat Kohli, who is second on the list, achieved the same feat in 106 innings.

  • Video: Waqar Younis sings ‘Ye watan tumhara hai’ on Pakistan Day

    Video: Waqar Younis sings ‘Ye watan tumhara hai’ on Pakistan Day

    The Pakistan Cricket Board (PCB) shared a video on Twitter, in which legendary cricketer, Waqar Younis can be seen singing the famous national song, ‘Ye Watan Tumhara Hai’.

    Presenter Zainab Abbas asked Waqar to sing something on the historic occasion, and the former Pakistan coach sang “Yeh Watan Tumhara Hai”.

    The commentary team — Sikandar Bakht, Waqar Younis, and Simon Katich — held Pakistani flags and wore green to celebrate the historic occasion.

    Yesterday, Waqar Younis, was officially inducted into the Pakistan Cricket Board (PCB) Hall of Fame.

    PCB Chief Executive, Faisal Hasnain presented a commemorative cap and plaque to Waqar Younis during the third test match between Pakistan and Australia at Gaddafi Stadium Lahore.

  • Pak vs Aus: Imamul Haq, Shafique create Test record against Australia

    Pak vs Aus: Imamul Haq, Shafique create Test record against Australia

    Imam-ul-Haq created a Test record and his opening partner Abdullah Shafique hit a maiden hundred as Pakistan’s first home Test against Australia in 24 years ended in a tense draw in Rawalpindi on Tuesday.

    Imam-ul-Haq was the Player of the Match for scoring hundred in both the innings. He said that he has been working hard for the last couple of years and he feels good to score centuries in both the innings, especially against a team like Australia.

    Shafique finished on 136 as Pakistan were 252 without loss when the match ended without a result.

    The home team led by 208 runs after dismissing Australia for 459 in the morning session. Pakistan declared 476-4 in their first innings.

    Left-arm spinner Nauman Ali grabbed four wickets on Monday and finished with career-best figures of 6-107 in 38.1 overs — his third five-wicket haul in eight Tests. Shaheen Afridi bowled really well.

    The second Test of the series will begin on Saturday, March 12.

    The Australian cricket team is in Pakistan for its first tour of the country in 24 years.

    Pakistani authorities aren’t taking any risks and have deployed 4,100 security personnel, army snipers and road closures for the players.