Day: September 23, 2020

Volkswagen will leverage its global footprint to profitably produce a new all-electric SUV called the ID.4. The vehicle, which will be produced at five factories on three continents, targets mainstream buyers, starting at $39,995 when it arrives in U.S. showrooms early next year. Pricing excludes an up to $7,500 federal tax credit to purchase electric vehicles. “This is truly a breathtaking global car,” Scott Keogh, CEO of Volkswagen Group of America, said during a media briefing ahead of the vehicle’s online reveal Wednesday. “I think the upside of that is it’s…

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KARACHI: As textile exporters continue to face gas shortages, Sindh Government Spokesperson and Adviser to Chief Minister Barrister Murtaza Wahab on Tuesday urged the federal government to immediately resolve gas shortage issues being faced by Karachi-based industrialists. Addressing Korangi Association of Trade and Industry (Kati) members on Tuesday, he said that Sindh has first right on the gas which is discovered from the province but the federation has deprived the city and province of this right. He said that industry is our top priority and Sindh government is ready to…

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ISLAMABAD: Prime Minister Imran Khan on Tuesday was informed that owing to the reduction in local production and difference of prices between local and imported gas, full cooperation of all the provinces was required to meet the demand of gas during the next few months. Chairing a meeting to review the current demand and supply situation, the prime minister directed the relevant authorities to run a full-fledged public awareness campaign for possible preservation of gas in view of the gap in demand and supply situation during ­winter. Minister for Industries…

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ISLAMABAD: The Trade and Development Report 2020 (TDR2020) on Tuesday warned that the Covid-19 recesion — measured in terms of world gross product — will likely amount to a $12 trillion loss in global income by end of 2021. Moreover, the growth recovery in 2021 will coincide with rising unemployment, which is likely to reach double digits in some advanced economies, says the report released by United Nations Conference on Trade and Development (UNCTAD). A global recovery plan must be both bold and comprehensive, built around a coordinated macroeconomic expansion focused on…

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The Ministry of Climate Change has launched the Consortium to undertake Third Party Monitoring for its flagship Ten Billion Tree Tsunami Programme (TBTTP). The Government of Pakistan has mandated the Consortium which consists of IUCN, FAO and WWF to conduct the Third Party Monitoring and Evaluation of TBTTP from 2020 to 2024 in Pakistan. During media briefing Malik Amin Aslam, Special Assistant to the Prime Minister on Climate Change highlighted that a key milestone has been achieved with the establishment of the consortium today. The initiative will provide the opportunity…

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