Tag: production
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Want a phone on instalments? The govt has good news for you
The Caretaker Federal Minister for IT, Dr. Umar Saif, has said in a conversation with Samaa that by January 2024, people will be able to buy Pakistani-made mobile phones in installments. Dr. Saif pointed out that Pakistan has the fifth largest population and the seventh largest telecom industry in the world; 33 national companies have…
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Commerce minister warns of financial loss over proposed early market closure
aretaker Minister for Commerce, Industries, and Production, Dr Gohar Ejaz, has voiced his opposition to the early market closure proposed as part of the energy conservation plan, expressing concerns over the significant financial losses the government could incur as a result.
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Pakistan aiming for $25 billion textile exports in this fiscal year
Dr Gohar Ejaz, the Caretaker Federal Minister for Commerce, Industries, and Production, has set a bigger target of achieving $25 billion in textile exports for the current fiscal year, a substantial increase from the $16 billion target of the previous year.
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Tesla overcomes setbacks, produces first Cybertruck after two years
Tesla announced via a tweet that its inaugural Cybertruck has been successfully manufactured at the company’s Austin, Texas plant, marking the end of a two-year delay.
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Alarming decline in Pakistan’s manufacturing sector, latest data reveals
The manufacturing industry in Pakistan, which is responsible for about 20 per cent of the country’s economic growth, has experienced its eighth consecutive month of decline. This is a major cause for concern as it could have negative impacts on the overall economy.
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Inventory shortage forces Pak Suzuki to temporarily halt operations
Pak Suzuki Motor Company (PSMC) announced on Wednesday that it will temporarily halt operations at its automobile plant from February 13th to 17th, due to an insufficient inventory. The management of Pak Suzuki, the local assembler, manufacturer, and marketer of Suzuki vehicles and related spare parts, has informed the Pakistan Stock Exchange (PSX) that it…
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Export industry is one of the highest priorities of govt: Ishaq Dar
Federal Minister for Finance and Revenue Ishaq Dar on Monday said that the government will make it easier for all exporters to import the raw materials, components, and accessories they need to meet their demands, including five previously zero-rated export-oriented sectors. “Export industry is one of the highest priority of our government,” the minister wrote…
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Suzuki to halt car and bike production in January 2023 due to parts shortage
Following in the footsteps of Toyota Indus Motor Company (IMC), Pak Suzuki Motor Company (PSMC) has said that its production facility will be totally shut down from January 2 to 6, as a result of a ban on the import of auto parts. The automaker, in a notice sent to the Pakistan Stock Exchange (PSX),…
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Honda Pakistan to launch the long-awaited HR-V tomorrow
The long-awaited all-new Honda HR-V will finally make its formal debut on Friday, according to Honda Atlas Cars Limited (HACL), which recently teased the crossover in a Facebook post and confirmed the unveiling. Honda Pakistan will offer two versions of the HR-V, the VTi and VTi S. The 1.5-liter 4-cylinder naturally aspirated (NA) petrol engine in…
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Malala Yousafzai is all set to produce Hollywood films
Pakistan’s youngest Nobel Prize Laureate Malala Yousafzai is all set to produce Hollywood films after signing a three-film deal with Apple Inc, Variety magazine has revealed. Yousafzai is among creative leaders honoured for Variety’s 2022 Power of Women presented by Lifetime. Her production company Extracurricular has partnered with the indie studio A24 for a still-untitled…