Pakistan News

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  • Burning of used tyres a bane of Okara residents

    OKARA: Burning of used tyres as fuel at brick kilns and absence of treatment plants in industrial units is causing environment pollution in the district, while the officials responsible for checking these illegal practices are not bothered...

    As old tyres are considered a low-cost fuel, these are illegally used in brick kilns, small manufacturing units, barbers’ saloons (for heating water in winter) etc, contributing to air pollution...

  • Tubeless tyres for motorcycles

    KARACHI: General Tyre and Rubber Company Limited (GTR) has introduced tubeless motorcycle tyres for the first time in Pakistan...

    GTR said some of the advantages of tubeless tyres are its easy maintenance, longer life and safe driving at night with family as there are remote chances of puncture and slow air loss in case of puncture...

  • Panther Tyres goes for listing

    4bn at the floor price of Rs47 per shareRegardless of Covid-19, share prices across the globe and in the home market are going through the roof...

    But with all the money chasing just a dozen bluechips on the Pakistan Stock Exchange (PSX), the investors’ appetite for quality fresh offerings is insatiable...

  • Cheap Chinese tyres flood local markets

    KARACHI: Chinese tyres have captured 85 per cent of market share in Pakistan — a substantial 45pc increase from two years ago, importers said on Monday...

    Back in 2018, Chinese car tyres held 40pc of the market share which has since increased to 85pc...

  • Pakistan fails to capitalise on oil price dip: ADB

    ISLAMABAD: The Asian Development Bank says that Pakistan’s economy has failed to achieve its growth potential in spite of benefiting from lower prices of oil which accounts for almost a third of its imports...

    The ADB approved $1 billion for projects in Pakistan to improve transport and trade...

  • Fixing Pakistan's water woes beyond regulating the price of bottled water

    But even if Diamer-Bhasha reaches its funding goal, then what?The court summoned yesterday the CEOs of all bottled water companies to present data on the price of extracted water and the revenue they have made selling it...

    We can question whether major bottlers are cartelised, and whether quality audits are functioning well, but let’s think here instead about what the price of water should be...

  • Pakistan paid the price for waking up too late

    LONDON: Every World Cup failure for Pakistan sparks a wave of reviews and sackings and the promise of a fresh approach — until the team wins again and all is forgotten...

    Pakistan won four straight matches to finish level on 11 points with New Zealand, but they bowed out of the tournament due to an inferior net run-rate...

  • Petrol prices in Pakistan still very cheap compared to rest of the world, says finance minister, day after price hike

    Finance Minister Shaukat Tarin on Friday said petrol prices in Pakistan were cheaper than the rest of the region and the world, adding that only 16 countries had lower prices — all of them being oil producers themselves...

    "The finance minister added that Pakistan had cheaper petrol prices than other regional countries as well, such as India and Bangladesh...

  • The Russian price Pakistan is paying

    According to a recent liquefied natural gas (LNG) report (2020-21) published by the State Bank of Pakistan, Pakistan has a 15-year take-or-pay contract with Qatar as well as some private suppliers in Italy...

    This contractual purchase makes up 87 per cent of Pakistan’s LNG imports while the remaining 13pc are spot purchases...

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