KARACHI: Local automotive companies are likely to increase car prices in coming days on surging cost of production by uncontrolled utility expenses and depreciation of Pakistani currency against dollar and Japanese currency.
Sources in the market said the Suzuki and Honda carmakers are likely to jack up prices of their brands.
They said Suzuki and Honda were facing a recent increase of Rs 14,000 to 159,000 or 2.1 to 3.5 percent in the price of their car brands in the month of October.
Recently, Indus Motor Company (IMC) soared its automobiles prices by 1.5 percent on the same account.Read More »Pakistani Automakers likely to raise cars’ prices from Dec-2011
By Tariq Butt
The talented sons and daughters of political heavyweights are bracing up to find their niche in Pakistan’s political landscape with some currently playing a supporting role, often forced to defend the deeds or misdeeds of their illustrious fathers in the murky political arena.
Their growing political ascendance is basically because of their hereditary politics in South Asia. They are relishing the official patronage that their elders have at their disposal to offer; are ensconced in the commanding power corridors like the presidency, the prime minister’s house or chief minister house; and are enjoying the protocol and protection at the official expense. Read More »The next crop of Pakistani politicians: sons and daughters
Mehmood-Ul-Hassan Khan On 2nd December 2011, the United Arab Emirates celebrates its fortieth National Day. UAE leadership jointly decided to form a federation in 1971 and worked collectively for the common socio-economic development of all… Read More »UAE at 40: Spirits of Union
Report published in “The News” on 15th December 2011
As the Supreme Court of Pakistan has directed the National Accountability Bureau to prove that the Sharif brothers had left Pakistan under a clandestine deal in December 2000, the NAB is all set to furnish all available records.
A leading Republican presidential candidate Newt Gingrich has said that .Pakistan’s nukes are at risk of being seized by extremists. He was talking to CNN in the second week of this December inWashington. He said, “My guess isPakistanhas well over 100 nuclear weapons. And that the Pakistani military is so penetrated by extremist elements you have no idea if one morning they’re going to lose three or four of them.” He referred to the Abotabad episode in support of his apprehension regarding the presence of extremist element inPakistanmilitary. He said, “Pakistani officials claim they did not know Osama bin Laden had been hiding there for years before elite US forces found and killed him in May.” Gingrich’s anxiety over the safety of Pakistani nukes is nothing new; it is the continuity of the same bed-time story which all American children have been listening to for the last many years. It is not in fact the anxiety over the insecurity of Pakistani nukes; it is the desire of getting hold on them. To be very honest and straightforward, the nuclear program is the most precious asset for the people ofPakistan. It is just like a dream based on hope and life. We, the Pakistanis know very well how to take care of our dreams. TheUSauthorities are very well aware of the reality that in the presence of the nuclear assets, it is almost next to impossible to cause any damage to the federation ofPakistan. Apparently they have no excuse for getting control of these assets but one; the danger of going these assets into the hands of terrorists. So the whole of theUSteam is busy in preparing a stage where it could perform a play, ‘Pakistan’s nukes at stake’. Somewhere in 2009, a statement of the chairman of the Joint Chiefs of Staff Adm. Mike Mullen was reported by the New York Times. He had told the members of the congress in a confidential briefing that despite being racked by an insurgency,Pakistanis rapidly adding to its nuclear arsenal. Now it is the beginning of 2012; even after three years the story of blames and allegations is the same. In 2009 it was Mike Mullen and now it is Newt Gingrich. Our American friends are simply wasting their times in worrying about the insecurity of our nukes. Their worry, anxiety and concern regarding nuclear arsenals ofPakistanwould do nothing but add to their own problems. The situation could have been much better if they had shown just twenty percent of this anxiety and concern in the matter of the Indian nuclear program; that is the actual direction they must divert their attention to.Read More »All worries about Pakistan
Mehmood-Ul-Hassan Khan United Arab Emirates (UAE) is our strategic partner. Pakistan and the UAE enjoy cordial and harmonious relations marked by mutual respect. UAE is one of the biggest investors and trading destination of us.… Read More »PAK-UAE: A Strategic Partner
Shifting the portrait of President Obama from his room to the adjoining store-room, my elder son said to me, “The Americans are the misguided missiles. We will have to lead them to the right path. We will have to put them in the right place”. I still remember the day when President Obama was elected President of theUSAand my son was celebrating his success in such a joyous manner as I had never ever noticed before. I had asked him, “Why are you so happy on the success of this black man?” I could very easily feel the trust and confidence oozing out of his words. “Baba – This black man would one day illuminate every nook and corner of the world.” And now the same young man was eager to throw away the portrait of his ‘beloved leader’ somewhere in the junk of store-room. This is not only the story of my elder son; it is the story of every young man inPakistan. Obama, who had become the most favourite leader of the Pakistani youth during his election campaign, no more resides in the hearts he had conquered. Though today, the Pakistani nation is unfortunately divided and sub-divided into countless fragments and fractions; sometimes on the basis of religious creeds and dogmas and sometimes on the basis of political leanings and inclinations but there is just one thing which has miraculously magnetized them together ; a never ending, ever-increasing hatred for the US. The recent malicious, merciless and cruelly indiscriminate aerial battering by NATO at Salala border outpost in Mohmand Agency has added a lot to this loathing. Although the NATO forces and theUStroops deputed there inAfghanistanare two separate identities yet the people ofPakistanconsider them one and the same thing. This aerial attack on Pakistani military check-post by the NATO forces is being regarded as a criminal act of aggression of theUSAagainstPakistan.Read More »SEARCHING FOR OBAMA
Increasing utility expenses and record depreciation in Pakistani rupee, which in last month only has depreciated by almost 5 percent against Japanese Yen (from 1.0980 to 1.152) and 4 percent US$ (from 86 to 89) has forced the Indus Motor Company (IMC) to marginally increase the retail prices of Corolla, Cuore and Hilux variants with immediate effect.
According to the IMC statement, prices have been increased by around 1.5 percent only on account of very steep decline in Pak Rupee against US$ and Japanese Yen, which is making the imported CKD kits and local vendor parts more costly as the raw materials of vendors are also imported.Read More »Islamabad: Indus Motors increases car prices