Category: Popular News

Careem Exits Ride-Hailing in Pakistan, Shifts Focus to Regional Tech Platform

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KARACHI – In a long-anticipated move, Careem has officially suspended its ride-hailing operations across Pakistan, notifying users via email and push notifications on Wednesday. The decision, which takes effect from July 18, marks the end of an era for the Dubai-based company that began operations in Pakistan in 2015. Social media was abuzz with surprise and disappointment from users, particularly women, who viewed Careem as a safer ride option. However, tech experts say the exit had been expected. “This is just a formal confirmation,” said Mutaher Khan, co-founder of Data…

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Pakistan to Launch Rs100bn Electric Vehicle Policy, Targets 30% EV Sales by 2030

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Electric-Vehicle

ISLAMABAD – The federal government is set to unveil the ambitious National Electric Vehicle (NEV) Policy 2025–30 today (Thursday), marking a major leap toward clean mobility, energy efficiency, and industrial self-reliance. Announced by Special Assistant to the Prime Minister Haroon Akhtar Khan, the policy outlines over Rs100 billion in subsidies and introduces a new levy on internal combustion engine (ICE) vehicles to help finance the transition to electric mobility. In its first phase, the policy allocates Rs9 billion in FY2025–26 to support the rollout of 116,053 e-bikes and 3,171 e-rickshaws…

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SIFC Approves SSGC-JJVL Revenue-Sharing Deal to Restart LPG Plant by July 31

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JJVL-SSGC

ISLAMABAD – The Special Investment Facilitation Council (SIFC) on Wednesday formally endorsed a revenue-sharing agreement between Sui Southern Gas Company Limited (SSGC) and Jamshoro Joint Venture Limited (JJVL), paving the way for the resumption of operations at the JJVL LPG-NGL extraction plant within 45 days—by July 31. Under the approved arrangement, SSGC and JJVL will operate on a 66:34 revenue-sharing formula, with SSGC also receiving 25% of the LPG output at the OGRA-notified producer price. The deal is expected to generate Rs2 billion annually for SSGC. The agreement, initially approved…

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Cabinet Approves Historic Circular Debt Plan, Reaffirms Support for Iran Amid Escalating Regional Crisis

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ISLAMABAD – The federal cabinet on Wednesday approved Pakistan’s largest-ever financial restructuring initiative to address the chronic issue of circular debt in the power sector, targeting the elimination of Rs1.275 trillion over six years without burdening the national budget. Chaired by Prime Minister Shehbaz Sharif, the cabinet meeting hailed the plan as a major milestone in energy sector reforms. Under the strategy, Rs683 billion of Power Holding Company debt will be refinanced, while overdue payments to Independent Power Producers (IPPs) will be settled—steps deemed crucial for restoring investor confidence and…

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Trump, Field Marshal Munir Hold Historic Talks on Counterterrorism, Trade in Cordial White House Meeting

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WASHINGTON – In a landmark meeting at the White House, US President Donald Trump and Pakistan’s Chief of Army Staff (COAS) Field Marshal Syed Asim Munir held wide-ranging discussions on joint counterterrorism efforts and expanding bilateral trade, the ISPR said in a statement on Thursday. This unprecedented meeting marked the first time a serving Pakistani army chief was formally received by a sitting US president in such capacity, without holding political office or ruling under martial law. Held in the Cabinet Room over a luncheon, the meeting extended over two…

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