Islamabad, Oct 11: Gold Prices in Pakistan Surge Significantly After Consecutive Declines. Pakistan’s gold price saw a sharp rise on Friday, closing over the Rs. 273,000 per tola threshold. The Karachi Sarafa Association released data showing that the price of 24-carat gold increased by Rs. 2,700 to Rs. 273,900, while the price of 24-karat gold per 10-gram increased by Rs. 2,315 to Rs. 234,825 per 10-gram. In a similar vein, the cost of ten grams of 22-karat gold was Rs. 215,256. It is important to note that the price of gold decreased by Rs. 500 per tola yesterday, and on…
Author: Iqra Khan
Islamabad, Oct 11: Tesla Shocks Auto Industry with Launch of Fully Autonomous Cab Lacking Steering Wheel and Pedals. On Thursday, Elon Musk, the CEO of Tesla, unveiled what he claimed to be a self-driving robotaxi and said it will be on sale by 2027. Or roughly ten years after he initially made the promise of an autonomous car. According to the CEO of this auto company, the totally electric vehicle which lacks a pedal board or steering wheel will cost less than $30,000 and be charged wirelessly using inductive technology. In addition, Elon says it will be “ten to twenty…
Islamabad, Oct 11: Pakistan Auto Industry Faces Unexpected Surge in Suzuki Ravi, Alto, Toyota Corolla, and Yaris Sales. According to the Pakistan Automotive Manufacturers Association (PAMA), car sales in Pakistan increased significantly in September 2024, reaching 10,297 units. This represents a substantial increase of 24% YoY and 18% MoM between September and August of last year. The backlog of Suzuki cars that were being delivered was the primary driver of this increase. Pakistan Auto Industry Car sales increased 31% to 27,585 units in the first quarter of the fiscal year 2025 (1QFY25) from 20,982 units sold in the same period…
Islamabad, Oct 11: TCL, Pakistan’s No. 1 LED TV brand has proudly secured the coveted Middle East International Business Award 2024 in the Television category for its trailblazing TCL 115” X955 Max, the world’s largest QD-Mini LED TV. This recognition underscores TCL’s relentless pursuit of innovation, pushing the limits of display technology and redefining the home entertainment experience. The TCL 115” X955 Max transforms any space into an immersive, high-end home theatre with its monumental 115-inch screen. Boasting QD-Mini LED technology with a peak brightness of 5,000 nits and over 20,000 local dimming zones, the X955 Max delivers unparalleled visual…
Islamabad, Oct 11: Yamaha Launches New Bike Exchange Program, Accepts Old Models from Any Brand. Are you considering purchasing a new motorcycle? Yamaha is offering you a fantastic chance to trade in your existing bike, regardless of brand, and take a spin on one of their best models. The well-liked YBR 125, YBR 125G, YB 125Z, and YB 125Z-DX are all part of the exchange program. With this deal, purchasing a new Yamaha is simpler than ever, regardless of whether your existing vehicle has seen better days or you’re just eager for a change of scenery. For instance, consider the…
Islamabad, Oct 11: The International Research Council for Religious Affairs (IRCRA), in collaboration with the Directorate of Planning & Development, Bacha Khan University Charsadda (BKUC), successfully hosted a one-day national conference centered on the theme: “Uniting Community Leaders, Youth, and Communities for Peace, Climate Resilience, and Sustainable Development.” This important event brought together around 200 participants, including scholars, community leaders, youth representatives, and climate action advocates. The aim was to foster a collaborative dialogue on global peace, National Narrative Pegham e Pakistan, climate resilience, and sustainable and inclusive tourism. The conference opened with a recitation and prayers, followed by a…
Climate Change has emerged as one of the biggest issues of concern on the social calendar as it has been linked to a wide range of economic effects around the world. Seasonal variation and the Economic Impact of climate change emerge more strongly on vulnerable complex systems in the social-economic system including agricultural production, infrastructure, human health and financial markets. The time has come to examine these aspects and compare them to regular or ‘smooth’ climate conditions so that businesses, policymakers and ordinary people comprehend how Climate Change undermines economies. Recent Reports on Economic Losses A recent report examined how…
Islamabad, Oct 10: CCP Approves Joint Acquisition of Uch Power by Sapphire Fibres and Mindbridge. The Competition Commission of Pakistan (CCP) has approved the joint acquisition of Uch Power (Private) Limited and Uch-II Power (Private) Limited by Sapphire Fibres Limited (Acquirer 1) and Mindbridge (Private) Limited (Acquirer 2). The acquisition, formalized through a Sale and Purchase Agreement with UPLHC-I Limited (Seller 1), UPLHC-II Limited (Seller 2), and International Power Uch Holdings B.V. (Seller 3), will transfer 100 percent of the shares of Uch Power I and Uch-II Power to the acquirers. The total cost for the acquisition includes a significant…
Islamabad, Oct 10: Lake City Lahore Wins ‘Best Real Estate Development’ at FPCCI Excellence Awards for Remarkable Achievements. During the FPCCI Excellence Awards, which were hosted recently at the President House in Islamabad, Lake City Lahore was given the coveted title of Best Real Estate Development in Pakistan. The President of Pakistan gave CEO Sultan Gohar Ejaz the award, which acknowledged Lake City’s dedication to quality and innovation in the real estate industry. CEO Sultan Gohar Ejaz thanked everyone and emphasized the teamwork that went into this noteworthy accomplishment in a statement released after the award ceremony. “I want to…
Islamabad, Oct 10: HBL Honored with ‘Best Conventional Bank of the Year Excellence Award’ for Outstanding Performance. The latest feather in to HBL cap came in the form of, ‘The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) awarding the ‘Best Conventional Bank of the Year Excellence Award’ to HBL. The award was received from the President of Pakistan Mr. Asif Ali Zardari by Muhammad Nassir Salim, President & CEO HBL during the 12th FPCCI Excellence Awards held in Islamabad on 8th of October 2024. Coming on the heels of HBL’s successes was establishing the first commercial bank in…
