LAHORE: Only a very short number of new CNG air-conditioned buses, recently launched by Lahore Transport Company (LTC) was seen on Thursday on the city roads just after six months of its inauguration.

Punjab government in November 2012 launched 56 new buses which were inaugurated by Punjab Chief Minister Muhammad Shahbaz Sharif but due CNG supply problems, the full number of these new air-conditioned buses could not start its operation in provincial capital. ...

NEW YORK: Ford, the second-largest US automaker, said Wednesday second-quarter profit dropped sharply, as losses in Europe and overseas cut into North American gains.

Ford reported profit in the quarter of $1.0 billion, less than half of what it earned a year ago. The results included a $404 million loss in Europe.

Earnings of 26 cents per share in the quarter missed Wall Street estimates by two cents.

Revenue of $33.3 billion marked a decline of $2.2 billion from ...

KARACHI  - The traffic problems of the metropolis including those of the Defence Housing Society would be resolved on priority basis.This was stated by Commissioner Roshan Ali Shaikh on Wednesday. He was presiding over a meeting after talking to a delegation of Defence Residents Association in his office.The Commissioner said that concrete steps would be taken in consultation with the Traffic Police, Traffic Engineering Bureau and the Civil Administration.At the meeting the issues ...

KARACHI  - Karachi Metropolitan Corporation Commissioner Matanat Ali Khan has urged the City Wardens to perform duties with commitment to ensure smooth traffic flow during Ramazan.He gave these directions while handing over uniforms to the zonal heads of the City Wardens here. KMC’s Director Municipal Services, Dr Shaukat Zaman and Chief City Warden, Tehsinur Rehman were also present, said a KMC press release issued on Tuesday.He acknowledged that with support of the City War ...

FRANKFURT: Daimler has awarded independent Finnish car manufacturer Valmet Automotive a contract to build more than 100,000 of its Mercedes-Benz A-Class compact cars from 2013 to 2016, the German automotive group said on Tuesday.

Daimler has received more than 40,000 orders for the A-Class, a volume model critical to its plans to close the gap with larger rivals BMW and Audi, it said.

"Our new compacts are so popular with our customers that the Rastatt and Kecskeme ...

RAWALPINDI  - Education Wing of City Traffic Police (CTP), on the special instructions of Chief Traffic Officer (CTO), Superintendent Police Syed Ishtiaq Hussain Shah, is educating the citizens during Ramazan about the traffic rules to ensure safety for all road users.

According to details, Education Wing of CTP, under its campaign launched to educate the citizens, is regularly visiting different areas of the city. Lectures are delivered through multimedia, public addres ...

RECORDER REPORT

LAHORE: The Pakistan Association of Automotive Parts and Accessories Manufacturers (Paapam) has flayed the change in current policy regarding the motorcycle industry and said the plan to allow a new investor to import all motorcycle parts at five percent duty instead of current rate of 15 percent would not only be a negation of previous policies, but it would also encourage producers to bypass local vendors and manufacturers.

The Paapam Managing Committee ...

KARACHI - Owing to the ongoing energy crisis, particularly that of the compressed natural gas, it seems the long-pending multibillion rupee Benazir Bhutto Transport Programme of 1,000 environment-friendly CNG buses will not materialise in the tenure of this government. In year 2006-07, the federal government had announced this important project at a cost of Rs 2.5 billion that increased manifold. However, it was delayed following lack of interest on the part of the Sindh gover ...

ISLAMABAD  – The Capital Development Authority (CDA) is starting a new bus service to provide some relief to the downtrodden masses of the federal capital.The CDA has allocated Rs 400 million for the said project from fiscal year budget.According to the CDA, the metro bus service will travel from Islamabad to adjoining areas with optimum facilities for male and female passengers.The bus service will be highly helpful to the office going people, women, students and elderly peo ...

LAHORE – The motorcycle production has increased from 100,000 units at the start of the century to around 2 million units this fiscal year with almost 95 per cent localisation. But the abrupt changes in current policy regarding motorcycle industry and plan to allow new investors to import all motorcycle parts at 5 per cent or less duty will not only be a negation of previous policies, but it will also encourage producers to bypass local vendors and manufacturers, stated auto pa ...