Car sales decline by 36.9% in FY2024
KARACHI: Passenger car sales plummeted to 54,089 units, marking a significant 36.9% decline during the initial nine months of fiscal year 2024 (July to March). This downturn can be attributed to various factors, including soaring inflation, diminished purchasing power, high interest rates, expensive auto financing, and rising car prices, as per data provided by the […]
Interior minister orders to block SIMs issued on invalid CNICs
ISLAMABAD: Interior Minister Mohsin Naqvi on Wednesday directed the National Database Registration Authority (NADRA) to block mobile phone SIMs issued on invalid and expired identity cards. During his visit to the NADRA headquarters, the minister visited all sectors and instructed the authorities to set up NADRA offices across the country on the pattern of model police […]
Momota retires from international badminton at 29
TOKYO: Two-time world champion Kento Momota said Thursday he is retiring from international badminton aged 29, admitting he had never been the same since a serious car crash four years ago.Japan’s Momota was once badminton’s undisputed king, winning 11 titles in 2019 and losing just six of the 73 matches he played that year.But in […]
Faizabad agreement was signed before being shown to then-PM: Ahsan Iqbal
ISLAMABAD: PML-N leader and former interior minister Ahsan Iqbal revealed before the Faizabad inquiry commission that the agreement with the Tehreek-e-Labbaik Pakistan (TLP) was signed before then-premier Shahid Khaqan Abbasi’s endorsement. Iqbal also said that Abbasi had objections over the agreement, but was informed that since it had been signed, the government could not backtrack […]
FM Aurangzeb expects rupee stability post-IMF talks
WASHINGTON: Finance Minister Muhammad Aurangzeb has said that the government expected minimal devaluation of the rupee following talks with the International Monetary Fund (IMF), a report by Bloomberg said. The finance minister is currently in Washington to attend the spring meetings organised by the IMF and the World Bank (WB). He said that the rupee typically […]
PMPKL laments significant decline in volumes within legitimate tobacco sector
ISLAMABAD: Philip Morris Pakistan Limited (PMPKL) underscored the urgency for immediate measures to tackle the escalating presence of low-priced non-tax-paid cigarettes, which has resulted in a loss of a level playing field and a significant decline in volumes within the legitimate tobacco sector. In a media briefing to address the profound challenges gripping the tax-paid […]
Flooded UAE counts cost of epic rainstorm, airport still facing disruptions
DUBAI: Emergency workers tried to clear waterclogged roads and people assessed the damage to homes and businesses on Thursday after a rare and epic rainstorm swamped the United Arab Emirates. Dubai International Airport, a major travel hub, struggled to clear a backlog of flights and many roads were still flooded in the aftermath of Tuesday’s […]
Atalanta challenge different to Barcelona: Klopp
MEXICO CITY: Liverpool manager Juergen Klopp knows all about heroic comebacks in European competition but even their barnstorming fightback against Barcelona in the 2019 Champions League will not prepare them for Thursday’s task in Atalanta. Klopp’s side suffered a resounding 3-0 home loss in the first leg of their Europa League quarter-final and travel […]