Jetour’s mid-size SUV, the T2, has been officially named the 2026 South African Car of the Year (COTY), marking a significant achievement for the Chinese automaker in a highly competitive market. The South African market is known for its challenging terrain and driving conditions, characterized by a mix of rugged off-road paths and demanding weather,…
KARACHI: Two alleged facilitators in the Anmol Pinky narcotics case have approached the Karachi City Court, asserting their innocence and requesting to be discharged from the case proceedings, according to reports on June 4, 2026. Sohail-ur-Rehman and Zeeshan-ur-Rehman filed an application under Section 63-A, seeking removal of their names from the charges related to narcotics…
Pakistan’s public debt has sharply increased to Rs97,307 billion, up from Rs89,774 billion in the previous year, marking a rise of Rs7,533 billion within 12 months. This surge has heightened the financial pressure on the country’s economy, with every Pakistani now carrying an average debt burden of Rs333,000. Official data reveals that the per-capita debt…
Former U.S. President Donald Trump has proposed a $700 million financial package aimed at bolstering the nation’s coal power sector. This support initiative, reported by Reuters citing an anonymous White House official, is expected to be formally announced soon. The funding plan intends to leverage the 1950 Defense Production Act, a law that enables the…
Climate change is anticipated to trigger over $20 trillion in global investments toward climate adaptation, resilience, and infrastructure modernization over the coming decade, according to analysts at Bloomberg Intelligence. The escalating frequency and severity of extreme weather events such as heatwaves, mega-storms, floods, droughts, and wildfires—largely attributed to human-induced climate change—have compelled governments and industries…
As Pakistan prepares its Budget 2026-27, the focus of transportation discussions remains disproportionately on passenger cars. However, recent data and market trends underscore a different reality: motorcycles, alongside rickshaws and loaders, are the backbone of daily mobility for the majority of Pakistan’s population. The Pakistan Economic Survey 2024-25 highlights that motorcycles dominate the country’s roads…
Oil prices declined in early Asian trading on Thursday following a ceasefire agreement between Israel and Lebanon. This development has reignited optimism about a potential comprehensive U.S.-Iran deal, which could lead to the reopening of the Strait of Hormuz, alleviating pressures on the strained global oil market. At the time of reporting, Brent crude was…
OpenAI CEO Sam Altman is advocating against proposals that would require AI developers to obtain government approval before releasing new models to the public. Instead, he calls for increased funding for AI testing at the U.S. Department of Commerce, according to a company statement released on June 4, 2026. During his visit to Washington, Altman…
The upcoming Budget 2026-27, expected to be announced on June 10, is generating anticipation among new energy vehicle (NEV) buyers in Pakistan. The focus is on potential revisions in tax relief for various vehicle technologies including electric vehicles (EVs), hybrid electric vehicles (HEVs), plug-in hybrid electric vehicles (PHEVs), and range-extended electric vehicles (REEVs). Last year,…
Bitcoin is currently trading near its lowest levels in two months, around $65,362, echoing the bearish trends observed during the 2022 bear market. Market analysts have noted that Bitcoin’s price movement in 2026 appears to closely follow the trajectory seen in the previous major market correction. Crypto analyst Rekt Capital emphasized the significance of Bitcoin’s…