Tag: transportation

  • 914 road accidents reported in Punjab during last 24 hours

    914 road accidents reported in Punjab during last 24 hours

    During the last 24 hours, at least eight people were killed and 962 were injured in 914 road accidents across all 37 districts of Punjab.

    577 people were seriously injured and taken to various hospitals, while 385 people with minor injuries were treated on the spot by rescue medical teams. Once again, Lahore remained at the top in reporting highest number of accidents.

    According to the findings, 450 drivers, 27 underage drivers, 104 pedestrians, and 388 passengers were killed in traffic accidents. The road accidents involved a considerable number of two-wheelers as it involved 807 motorcycles, 82 auto-rickshaws, 74 motorcars, 22 vans, 11 buses, 17 trucks, and 100 other types of auto vehicles and slow-moving carts.

    Considering the statistics, 239 road accidents were reported in Lahore, affecting 238 people, putting the provincial capital at the top of the list, followed by 80 in Faisalabad with 85 victims and 53 in Multan with 50 victims.

  • Crisis-hit Sri Lanka has enough petrol left for one day, PM warns

    Crisis-hit Sri Lanka has enough petrol left for one day, PM warns

    As the country suffers its greatest economic crisis in more than 70 years, Sri Lanka’s new Prime Minister (PM) declared that the country is headed to its last day of petrol stock.

    PM Ranil Wickremesinghe said the country urgently needed $75 million in foreign currency to pay for crucial imports in a televised address. In order to pay government salaries, he claims the central bank will have to print money.

    Sri Lankan Airlines, which is owned by the government, may be privatised, according to PM Wickremesinghe.

    The pandemic, soaring energy prices, and populist tax cuts have all wreaked havoc on the island nation’s economy. Medicines, fuel, and other essentials were in low supply due to a chronic shortage of foreign cash and rising inflation.

    Auto rickshaws, the city’s most popular mode of transportation, and other vehicles have been queuing at gas stations in Colombo.

    The country has enough petrol for one day at the time. Mr Wickremesinghe, who was appointed Prime Minister last week, cautioned that the next few months will be the hardest of our lives.

    He noted that shipments of petrol and diesel using an Indian credit line could provide fuel supplies in the coming days.

    Mr Wickremesinghe stated that the nation’s central bank will have to print money to assist the government in meeting its salary bill and other obligations.

    The PM stated that he is forced to allow the printing of money against his will in order to pay state employees and purchase vital products and services. However, the nation must keep in mind that printing money causes the local currency to depreciate.

    Read more: CNG prices pushed to Rs140 per kg for sales tax collection

    As part of his efforts to stabilise the country’s finances, he advocated selling out Sri Lankan Airlines. In the fiscal year ended March 2021, the airline lost 45 billion rupees ($129.5 million; £105 million).

  • 49 buses arrive Karachi for Orange Line BRT, intra-city service

    49 buses arrive Karachi for Orange Line BRT, intra-city service

    A total of 49 buses procured for the Orange Line BRT project and the Intra-District Peoples Bus Service reached Karachi port on May 11.

    In June 2016, Syed Qaim Ali Shah laid the foundation stone for the Orange Line, predicting that the project will be finished in a year.

    After six years, the project is still unfinished. The Sindh Mass Transit Authority (SMTA) and contractors had originally been granted until November 2021 to complete the building of the Orange Line BRT track, however, they had missed the deadline.

    The provincial minister has directed the SMTA to finish the civil and electrical work for the Orange Line BRT by the end of this month. The Orange Line BRT is named after Abdul Sattar Edhi.

    Read more: CNG prices pushed to Rs140 per kg for sales tax collection

    As the 49 buses landed at the port, Sindh Transport and Information Minister Sharjeel Inam Memon tweeted that the remaining buses were on their way and will come in phases over the coming months.

  • CNG prices pushed to Rs140 per kg for sales tax collection

    CNG prices pushed to Rs140 per kg for sales tax collection

    The Federal Board of Revenue (FBR) has raised the sales tax rate on compressed natural gas (CNG) supplies to customers.

    On Tuesday, the FBR published S.R.O. 587(I)/2022 to replace S.R.O. 39(I)/2022, which was issued on January 8, 2022. It has amended the value of compressed natural gas (CNG) supply to consumers in order to charge sales tax from CNG stations.

    It has set the value of supply to CNG customers in order for gas generation and distribution businesses to charge sales tax from CNG stations.

    CNG rates

    The price of CNG in Region-I, which includes Khyber Pakhtunkhwa, Balochistan, and Potohar, has been raised from Rs134.57 per kg to Rs140 per kg (Rawalpindi, Islamabad, and Gujar Khan).

    Read more: Pakistani Rupee crashes to a record low against US dollar 

    Moreover, the cost of CNG has been raised from Rs128.11 per kg to Rs135 per kg in Region-II, which covers Sindh and Punjab except for the Potohar region.

  • City Traffic Police Lahore to check overcharging, overloading by transporters on Eid

    City Traffic Police Lahore to check overcharging, overloading by transporters on Eid

    The Lahore Traffic Police have declared a crackdown on transport company owners who overcharge and overload passengers during the Eid holidays.

    According to Lahore’s Chief Traffic Officer (CTO), Muntazir Mehdi, thousands of people depart for their hometowns to celebrate Eid with their loved ones. It’s terrible that dishonest transportation owners take advantage of them, he says. Mehdi stated that police had developed a thorough plan to combat exploitation this year. He announced the deployment of at least 84 wardens at Lorry Adda, Badamibagh, Babu Sabu, Niazi Chowk, Thokar Niaz Beg, Shahdara Chowk, Begum Kot Chowk, Gajjumatta, and other key bus stations.

    The traffic police have also issued orders to transportation companies to display fare information prominently on their vehicles. Those who charge high rates to commuters deserve no concessions, according to the CTO, who directed all circle officers to speak with transporter owners in their respective zones. He announced the impoundment of vehicles found overcharging or overloading.

    Police is taking precautions against overcrowding to ensure safe travelling, according to Mehdi, who also stated that additional police officers have been stationed at the city’s entry and exit points. He asked people to phone Police Helpline 15 if they needed assistance or had a complaint. He also stated that people who overload their buses will face consequences.

    Read more: Shopkeepers fined in Islamabad for not adhering to DC rates

    The CTO stated that transportation owners and drivers are required to charge a fixed rate and display a fare list prominently on the vehicle. According to Mehdi, automobiles should be seized if their owners are proven to be overcharging and overloading. Traffic teams have been dispatched to ten locations to investigate overcharging and overloading.

  • International oil prices declined by 4%, crashing below $100 per barrel

    International oil prices declined by 4%, crashing below $100 per barrel

    Brent crude slid below $100 for the first time since March 16 amid plans to release huge amounts of petroleum and oil products from strategic storage, and also China’s prolonged coronavirus closure.

    Crude oil was down $4.1, or 3.99 per cent, at $98.68 per barrel. The price of US West Texas Intermediate (WTI) crude fell $4.28 a barrel, or 4.28 per cent, to $94.07 per barrel.

    The International Energy Agency (IEA) recently announced that member countries will release 60 million barrels over the next six months, with the United States matching that amount as part of its 180-million-barrel release announced in March.

    The actions are meant to make up for a shortfall of Russian crude after Moscow was extensively sanctioned for what it claims was a “special military operation” in Ukraine.

    As per JP Morgan analysts, the release of Strategic Petroleum Reserve (SPR) volumes will amount to 1.3 million barrels per day (BPD) over the next six months, enough to cover a 1 million BPD shortfall in Russian oil supplies.

    The release of strategic government oil reserves is projected to relieve some market tightness in the coming months, reducing the likelihood of oil prices rising and re-enforcing near-term supply constraints.

    While this is the largest release since the IEA stockpile was established in 1980, market participants believe it will fail to affect the principles of the oil market and will just delay further increases in production from crucial suppliers.

  • Pak-China trade to resume through Khunjerab pass after 2-year hiatus

    A lucrative trade route connecting Pakistan and China, the Khunjerab Pass will finally reopen for trade activities on April 1, 2022 after more than a 2-year hiatus. The pass was closed in November 2019 as a preventive measure against the spread of COVID-19.

    As per a credible resource, Chinese authorities sent Pakistan a letter requesting the reopening of the border, in reference to the agreement made in May 2013 between the neighboring countries.

    Port authorities on the Chinese side have been advised to take all preventive measures related to the COVID-19 outbreak.

    Likewise, the Pakistani border authorities have also been instructed to take all necessary precautions to prevent the spread of coronavirus spread.

    The Khunjerab Pass was temporarily opened for less than two weeks from July 29, 2020 to August 10, 2020 to allow the passage of stranded containers filled with goods. The prolonged closure of Khunjerab Pass had caused severe financial hardships to the local business community.