Following the announcement of Pakistan’s federal budget for 2025–26, a sharp increase in the General Sales Tax (GST) is expected to drive up the prices of hybrid vehicles—including the highly popular Haval H6 HEV.
(more…)Author: Faisal Shahnawaz
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New energy vehicle levy explained: What Pakistanis must know
Islamabad, June 12, 2025 – As part of its broader green transition agenda, the government of Pakistan has introduced a bold and transformative measure through the Finance Bill 2025: the enactment of the New Energy Vehicles Adoption Levy Act, 2025. This legislation marks a significant step toward incentivizing cleaner transportation solutions and reducing fossil fuel dependency in the country’s automotive sector.
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Asset Declaration Becomes Mandatory for Car Buying in Pakistan
Under the Finance Bill 2025, the government of Pakistan has proposed making asset declaration mandatory for purchasing cars and other high-value assets.
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PIOL secures strategic offshore block in Abu Dhabi
Karachi, June 12, 2025 – In a major milestone for Pakistan’s energy sector, Pakistan International Oil Limited (PIOL) has officially signed a production concession agreement (PCA) for the development of a strategic offshore block in Abu Dhabi, marking a new chapter in the country’s regional energy collaboration.
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Tuchel Wants England Stay Through Euro 2028 Despite Setbacks
England manager Thomas Tuchel has expressed a strong desire to extend his role beyond the 2026 FIFA World Cup, eyeing a long-term project that could take him through to UEFA Euro 2028.
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Pacers Bench Shines Bright, Seize 2-1 NBA Finals Lead
The Indiana Pacers have seized a crucial 2-1 lead in the NBA Finals, defeating the Oklahoma City Thunder 116-107 in a thrilling Game 3.
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Ponting Declares Rabada-Jansen Best Fast Bowling Duo
Cricketing great and ICC Hall of Famer Ricky Ponting has hailed South African fast bowlers Kagiso Rabada and Marco Jansen as the most formidable pace duo in the world.
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WTC Final: Rabada, Jansen Shine as 14 Wickets Fall on Day 1
Lord’s witnessed a thrilling opening day of the ICC World Test Championship final, with a staggering 14 wickets falling as bowlers from both South Africa and Australia took centre stage.
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Rupee weakens to PKR 282.47 against dollar in interbank market
Karachi, June 11, 2025 – The Pakistani rupee continued its downward trend on Wednesday, closing at PKR 282.47 against the US dollar in the interbank foreign exchange market.
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SBP receives nearly $35 billion in remittances during 11MFY25
Karachi, June 11, 2025 – The State Bank of Pakistan (SBP) has reported a substantial increase in remittances, receiving nearly $35 billion during the first eleven months (July to May) of the fiscal year 2024-25. This significant growth highlights the increasing role of overseas Pakistanis in supporting the country’s economy through foreign inflows.
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