Gold price increase by Rs600 per tola in Pakistan
Gold prices in Pakistan increased on Thursday in line with their gain in the international market. In the local market, gold price per tola reached Rs435,036 after a gain of Rs600 during the day. Similarly, 10-gram gold was sold at Rs372,973 after it accumulated Rs515, according to rates shared by the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA). On Wednesday , gold price per tola…
Pakistan anticipates surpassing its electric vehicle (EV) adoption goals ahead of the original timeline due to the surge in oil prices, according to a recent report. Haroon Akhtar, an adviser to the prime minister on industries and production, stated that the higher costs associated with petrol and diesel vehicles will be recovered within one to one-and-a-half years, accelerating EV adoption.
The National Electric Vehicles Policy (NEVP) was established in 2019, with initial targets of EVs comprising 30% of passenger vehicle and heavy-duty truck sales by 2030, and 90% by 2040. The recent escalation in oil prices, rising by 54% for petrol and 43% for diesel, has significantly reduced the time it takes for consumers to break even on the higher upfront cost of EVs.
In addition to the current policies, the government is reportedly working on a new auto policy, which could be presented to the cabinet within two weeks, potentially including tax incentives to further narrow the price gap between EVs and conventional vehicles.
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