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Tractor production soars 13.2pc to 51,730 units during 11 months

Production of pickups, Light Commercial Vehicle (LCVs) and jeeps also rose by 40.46pc

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Tractor production soars 13.2pc to 51,730 units during 11 months
GNN Media: Representational Photo

Karachi: The production of farm tractors in the country has witnessed an increase of 13.2 percent to reach at 51,730 units during the first eleven months of current fiscal year 2021-22, against the production of 45,697 units in same months of last year.

During the months under review, the production of trucks also witnessed an increasing trend as it went up from 3,215 units as compared to 5,247 units, showing an increase of 63.20 percent, according to Pakistan Automobile Manufacturing Association (PAMA) revealed.

Production of pickups, Light Commercial Vehicle (LCVs) and jeeps also rose by 40.46 percent to 39,611 units during the months under review from 28,200 units during same months of last year.

Similarly, the production of buses witnessed an increase of 15.88 percent from 510 units to 591 units during the period under review, PAMA added.

Meanwhile, the production of passenger cars also posted a record increase of 52.66 percent as it plunged to 204,023 units during the period under review against the production of 133,640 units during July-May 2020-21, the data revealed.

The manufacturing of motorcycles and three wheelers in the country plunged to 1680,776 units during July-May from the production of 1745,352 units during July-May, showing nominal decrease of 3.69 percent, it added.

SOURCE: APP

Pakistan

PM resolves to equip youth with latest education, skills

Pakistan would host 10th Commonwealth Youth Ministers Meeting in Islamabad in January next year.

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PM resolves to equip youth with latest education, skills

Islamabad: Prime Minister Muhammad Shehbaz Sharif Saturday expressed the resolve to take all such measures that could help in increasing the digital transformation and promote literacy and skills of the Pakistani youth in all forms of education and learning.

In a virtual address at the Commonwealth Heads of Government Meeting (CHOGM) being held in Kigali, Rwanda, the prime minister said that about more than sixty percent of the total population of the Commonwealth countries comprised of the youth who held the future of their countries in their hands.

“Further with increased role of technology and use of digital medium, we have come to realize that digital transformation is a key to achieve innovative, inclusive and sustainable growth,” he added.

About the CHOGM, the prime minister said that it gave him immense pleasure that they had gathered to think about their nations.

He appreciated the impacts of such a multilateral forum which could create on their shared goals, values, and principles as per Commonwealth charter.

He also reiterated that Pakistan was ready to contribute to the collective endeavours for the development of Commonwealth youth.

The prime minister also announced that Pakistan would host 10th Commonwealth Youth Ministers Meeting in Islamabad in January next year and invited the Commonwealth youth ministers to visit Pakistan and explore the beauty and diversity of the beautiful country.

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Pakistan

New ‘storm of inflation’ is impending: Imran Khan

Imran Khan takes a dig at government over super tax; terms it 'economic murder' of people

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New ‘storm of inflation’ is impending: Imran Khan

Islamabad: Pakistan Tehreek-e-Insaf (PTI) chairman Imran Khan Saturday slammed the incumbent government for imposing new taxes on the industrial sectors, saying that the taxes on the production sectors would further increase ‘inflation’ and ‘unemployment’. 

While addressing a news conference in Islamabad today, the former Prime Minister of Pakistan banged the coalition government for imposing a 10% super tax on large-scale industries— saying that the decision would lead to the “closure of industries”, increase unemployment, inflation, and push Pakistan further into economic crisis. 

“With the imposition of 10% super tax, the tax on 13 large-scale industries will reach 40%,” he stressed, adding that the decision would led to the shutting down of several industrial units.

The cricketer-turned politician stated that the tax exemption on the salaried class has been reversed which would batter them down financially. 

“They [salaried class] were earlier given a tax exemption on an income of Rs100, 000; but now the slab has been reduced to Rs 50,000,” added Khan.  

Referring to National Accountability Bureau (NAB) amendment law, Imran Khan expressed confidence in the judiciary, saying it would not allow such oppression—terming it “attempt of corrupt rulers to save themselves”. 

“If the government succeeds, Pakistan wouldn’t need enemies,” said PTI chairman, adding that these NAB amendments will destroy the country as the "thieves will be exempted". 

It is pertinent to mention here that PTI has challenged the amendments in the Supreme Court and today the former prime minister gave a call for nationwide protests on July 2 against the amendments in NAB laws.

He further added that his government collected record tax in Pakistan’s history and was working to broaden the tax net.

The main protest would be organized in Islamabad’s Parade Ground where Imran Khan would address. 

Khan also urged the people to protest peacefully against what was being done with Pakistan, asking them to take to the roads simultaneously. 

 

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Pakistan

Mainly hot, humid weather expected in most parts of country

upper Sindh and south Punjab to face very hot weather during the next twelve hours

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Mainly hot, humid weather expected in most parts of country

Islamabad: Mainly hot and humid weather is expected in most parts of the country, while very hot in upper Sindh and south Punjab during the next twelve hours.

Temperature of some major cities recorded this morning:            

Islamabad 24 degree centigrade, Lahore 29, Karachi 30, Peshawar 28, Quetta 26, Gilgit 18, Murree 17 and Muzaffarabad 22 degree centigrade.  

According to Met Office forecast for Indian Illegally Occupied Jammu and Kashmir, partly cloudy and hot weather is expected in Srinagar, Pulwama and Baramulla, dry in Leh, while hot and dry in Jammu, Anantnag and Shopian.

Temperature recorded this morning:    

Srinagar, Pulwama and Baramulla 18 degree centigrade, Jammu 27, Leh 10, Anantnag and Shopian 17 degree centigrade.

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