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Pakistan

Mastung blast: Three-day mourning announced in Balochistan

The purpose of the mourning is to express solidarity with the families of the martyrs, Balochistan Govt.

Published by Khadija Nadeem

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Mastung: In the wake of the tragic suicide blast in Mastung that claimed the lives of 20 individuals, including DSP Nawaz Gashguri, the Balochistan government has declared a three-day period of mourning.

The announcement was made by John Achakzai, the caretaker information minister of the province, in accordance with the directives of the chief minister.

The primary objective of this mourning period is to demonstrate solidarity with the grieving families who lost their loved ones in this devastating incident.

The explosion, which occurred near the Eid Milad-ul-Nabi procession on Al-Falah Road in Mastung, resulted in extensive damage and a significant number of casualties among the procession participants.

Photographs from the scene captured the severity of the explosion, with at least 10 bodies visible in the vicinity, further underscoring the gravity of the tragedy.

The three-day mourning period will serve as a somber and solemn period for the province to collectively grieve and pay respects to the victims of this heart-wrenching event.

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Business

Caretaker govt seeks $11 bln aid from China, Saudi Arabia

The caretaker government will implement the changes that are necessary for the next installments of loans from IMF: Caretaker Finance Minister.

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Islamabad: In an effort to restore the country's economic stability, Pakistan's caretaker government has formally requested $11 billion in aid from China and Saudi Arabia.

Caretaker Finance Minister Dr. Shamshad Akhtar presented this policy statement during a Senate Standing Committee meeting.

The meeting, chaired by Senator Saleem Mandviwala, took place on Thursday, focusing on financial and revenue matters.

Dr. Shamshad Akhtar explained that the government is actively working on expanding the tax base, particularly in the retail, agriculture, and real estate sectors.

During the session, Dr. Shamshad Akhtar also mentioned that the federal government is considering a partial transfer of the Benazir Income Support Program to the provinces to alleviate the financial burden on the federal government.

While acknowledging the limitations of the caretaker government, the Finance Minister emphasized its commitment to implementing essential reforms required to secure the next tranche of loans from the International Monetary Fund (IMF).

Pakistan hopes to receive $700 million from the IMF, but its financial requirements surpass this amount.

Dr. Shamshad Akhtar informed the committee that Pakistan has requested $11 billion in aid from both Saudi Arabia and China.

Additionally, the country has sought an oil facility from Saudi Arabia.

He outlined that Pakistan has initiated efforts to secure $6.3 billion from institutions like the World Bank to meet its external financing needs.

Under the current agreement with the IMF, Pakistan is required to bolster its foreign exchange reserves to $9 billion in the near term, with a target of reaching $12 billion by June 2024, as stated in Dr. Shamshad Akhtar's written statement.

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Technology

Kia’s three-row EV9 electric SUV will start at $54,900

Kia’s three-row electric EV9 with RWD is cheaper than the Tesla Model X and Rivian R1S if you’re looking for a seven-seater EV. It starts shipping later this year.

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The 2024 Kia EV9 will start at $54,900 for the Light RWD trim before destination fees or adding options like a bigger battery or two extra motors for AWD. When announced earlier this year, the EV9 caught everyone’s attention since there are few (and costly) seven-seater fully-electric vehicles on the market, and the automaker’s entry looked like it was primed to disrupt.

The EV9 will come standard with 19-inch wheels, dual 12.3-inch screens up front, a 5-inch screen for HVAC controls, CarPlay and Android Auto, a wireless phone charger, advanced driver assistance features like automatic braking and cross traffic check, and support for ultra-wideband smartphone key access (though that requires a subscription). It can charge its battery from 10 to 80 percent in under 25 minutes when connected to a 350kW DC fast charger (Car and Driver’s preview found it supports up to 230kW speeds).

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Other options for three-row electric SUVs are limited and include the Tesla Model X that costs at least $83,490 with seven seats, and while the cheapest Rivian R1S starts at $78,000, ordering one with a shipping date in 2024will have you looking at a $92,000 quad-motor configuration. And while a bit cramped, Tesla’s Model Y with seven seats costs $52,990, and it qualifies for the $7,500 federal tax credit.

But by comparison, similar-size gas-powered three-row SUVs are still available for quite a bit less. Kia’s own 2024 Telluride starts at $36,000 (about $40,000 when said and done). The EV9 is about the same height and width and just slightly longer than the Telluride.

Kia’s EV9 will initially ship from South Korea for availability by year-end. It doesn’t yet qualify for the federal tax credits due to complex new rules that foreign automakers are pretty mad about. But the EV9 might qualify after Kia starts assembling it in the USA sometime next year at a new factory in West Point, Georgia. Other trims in the lineup, including the Light Long Range, Wind, Land, and GT-Line, will have prices announced “later.”

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