Auto sector raises alarm over unrestricted CBU imports under NEV policy

Auto sector raises alarm over unrestricted CBU imports under NEV policy

ISLAMABAD: Local auto manufacturers have raised alarm over the proposed New Energy Vehicle (NEV) policy, fearing that it will lead to unrestricted import of completely built units (CBUs) at very low duty and sales tax rates. may allow They believe this could hurt local original equipment manufacturers (OEMs), disrupt parts suppliers and hamper the growth…

Govt rejects plan to cut power tariffs by Rs4, citing Rs1.8 trillion circular debt constraints

Govt rejects plan to cut power tariffs by Rs4, citing Rs1.8 trillion circular debt constraints

The government has rejected a proposal to cut electricity prices by about Rs 4 per unit, thereby increasing public debt through the retirement of Rs 1.8 trillion in revolving credit. This decision indicates the limited financial space available for substantial consumer relief. According to a news release, the Power Division had proposed to pay Rs…

CMA Awards 2024 : George Strait honored with CMA Lifetime Achievement Award

CMA Awards 2024 : George Strait honored with CMA Lifetime Achievement Award

Iconic American singer-songwriter George Strait receives the Willie Nelson Lifetime Achievement Award during the 58th Annual Country Music Association CMA Awards 2024 at Bridgestone Arena on November 20, 2024 in Nashville. While accepting the award, the singer paid tribute to his wife Norma Street. Singers Chris Stapleton, Miranda Lambert, Parker McCollum, and Jamie Johnson performed…