KARACHI - President Karachi Transport Action Committee Mohammed Ashraf Banglori and other office-bearers have demanded the government not to raise petroleum products prices in face of falling prices in the international market as it would cause problems for the people of the country.

They said that reduction in petroleum products after four years helped control price hike and resulted in reduction in the prices of essential commodities especially vegetable and fruit as well a ...

ISLAMABAD - Ufone introduced 20 winners of its ShahCar Offer 2 to the national media in a press conference held here at a local hotel. The lucky winners have won a fabulous Suzuki Swift car through Ufone’s offer.Speaking at the press conference the Chief Commercial Officer Ufone, Salman Wassay said, “being a caring company Ufone has always been mindful of the prizes it offers through its different campaigns. We share the dreams of Pakistanis and try to come up with such a pr ...

LAHORE - The Pakistan Association of Automotive Parts and Accessories Manufacturers (PAAPAM) has said that the local production of cars has registered a massive reduction of 22,000-25,000 units owing to import of 50,000 used cars, besides hurting the domestic auto parts vending industry. “The domestic auto parts manufacturers are feeling the brunt of the government’s inconsistent policies as the demand for locally produced vehicles has slowed down. This is evident by th ...

LAHORE: City Traffic Police, during its special drive against over-speeding, reckless driving on Canal road and Ring Road fined 237 vehicles during the current month.

Traffic officers have been directed to further improve the traffic system at the Ring Road and Canal Road and in other city roads.

According to the Traffic police Spokesman, after the installation of two Speed Guns on both the roads the ratio of accidents was reduced ...

ISLAMABAD: The Adviser to Prime Minister on Industries Muhammad Basharat Raja said that talks were held with delegations of Korean Company and General Motors (GM) to motivate them to invest in Pakistan and he hopes for positive results. Raja told the National Assembly that the government is considering giving more incentives for investment in car manufacturing in the country. He added that presently one hundred and fifty thousand cars are being manufactured in the country and fifty tho ...

KARACHI: The automobile sector sold 431 cars on an average each day in fiscal 2012, an increase of 11% over the previous year. Overall sales stood at a four-year high of 157,325 units in fiscal 2012 compared with the preceding year’s 127,944, according to data released by the Pakistan Automotive Manufacturers Association on Thursday. The year’s first boost came in the budget when the government removed special excise duty of 2.5% on imported and manufactured vehicles cou ...

ISLAMABAD - Prime Minister Raja Pervez Ashraf Thursday chaired a meeting, which was attended by Minister for Law Farooq H. Naek, Advisor to Prime Minister on Petroleum Dr Asim Hussain and the Secretaries of Cabinet and Petroleum Divisions, and Chairman OGRA to discuss import of LNG and LPG on fast-track basis in a transparent manner. Keeping in view the urgency of matter, Prime Minister constituted a committee headed by the Minister for Law and Justice, which would consist of Secretaries o ...

LAHORE - The Pakistan car industry grew by 23% to 178,753 units YoY in FY12 where PSMC contributed 60% followed by INDUS contributing 29% to the total industry sales. The increase can be attributed primarily to 1) good agricultural income 2) deferred sales due to reduction in Sales Tax and 3) Yellow cab scheme.

In Jun12,car sales stood at 19,140 units, depicting an exceptional increase of 158% from 7,419 units sold in Jun11 mainly because of the low base effect as the governm ...

KARACHI, July 12: The Karachi Metropolitan Corporation administrator has said that a deal to purchase 100 ambulances, at a cost of Rs400,000 each, for the city from the Scotland Ambulance Services has been finalised. In a statement issued here on Thursday, KMC administrator Mohammad Hussain Syed said that the KMC was maintaining 13 big hospitals and 346 small medical institutions, including maternity homes, dispensaries and clinics, in the city.—Staff Reporter

FRANKFURT: German carmaker BMW  is to invest 250 million pounds by the end of 2015 expanding capacity at British manufacturing plants where it makes its Mini car. The world’s largest luxury carmaker said on Monday the funds would support its international growth strategy for the Mini, which will be expanded to include up to 10 different versions in the model range in the mid term. BMW board member Harald Krueger said the latest investment showed the company’s &ldq ...