Federal Minister for Finance and Revenue, Senator Muhammad Aurangzeb, chaired a meeting on New Energy Vehicle (NEV) Policy 2025 at the Finance Department today. The policy aims to address key challenges in the adoption and production of electric vehicles (EVs) and set ambitious targets for the transition to clean energy in the transportation sector. The … Read more
Pakistan has embarked on a major joint venture with China’s Baotou Beifang Chuanghe Co., Ltd. to manufacture freight wagons locally, a move expected to transform the country’s rail freight capacity and reduce import dependence. In Lahore, 115 flatbeds are currently being assembled in complete form (CKD), with plans to be completed by April 2025. This … Read more
Japan’s Kyodo News Agency said on Saturday that Honda and Nissan are considering producing cars at each other’s factories as part of their plan to deepen relations and possible merger. The report said that Honda would consider supplying hybrid cars to Nissan as part of the plan, without mentioning the source of the information. The … Read more
The United States has provided Ukraine with more than $60 billion in military assistance since the Russian invasion in 2022, including Stryker combat vehicles used by Ukraine’s 80th Air Assault Brigade to launch an incursion into Russia in August. But as the U.S. presidential election approaches, some in Ukraine are concerned about whether former President … Read more