Saudi Riyal to PKR: Today’s SAR TO PKR exchange rates, 21 July 2022

SAR TO PKR

Saudi Riyal TO PKR buying exchange rate is 58.5 as per Pakistan Open Market and SAR TO PKR selling exchange rate for 1 Riyal is PKR is 59.5. Updated on, 21 July 2022. Saudi Riyal to PKR Exchange rates fluctuates all the time, depending on worldwide supply and demand. Understanding the rate exchange for your currency … Read more

Dell releases 480Hz-refresh rate Alienware m17 & x17 gaming laptops

  • The Alienware m17 and x17 models have been added to Dell’s selection of gaming laptops.
  • They feature 17-inch panels with a swift 480Hz refresh rate.
  • The most recent Alienware laptops range in price from $1,599 to $2,249.

The Alienware m17 and x17 models have been added to Dell’s selection of gaming laptops in the US. They are improved versions of the laptops Alienware m17 R5 and x17 R2. They feature 17-inch panels with a swift 480Hz refresh rate. The Alienware m17 R5 AMD Advantage Edition is additionally offered.

Refresh rates of 480Hz on the Alienware m17 and x17 displays are a standout feature. Only a few models come close to 480Hz, yet it has an intriguing application in gaming environments.

The first desktop display to handle a 500Hz refresh rate was just revealed by Asus. Both the m17 and x17 support full HD resolution and give gamers an engaging gaming experience. Along with the fast refresh rate, they also have a 3ms response time.

With advanced features like Advanced Optimus for faster frame rates, the Alienware m17 and x17 models boast strong CPUs and GPUs. Both classic and contemporary games benefit from the environment.

Many different types of gamers could become interested in the new gaming laptops. Both the CPU and GPU in the AMD Advantage Alienware m17 R5 are made by AMD. The laptop can be set up to optimize performance and make use of AMD Smart Access Graphics, Smart Access Memory, and other features.

The cost of the most recent Alienware laptops ranges from $1,599 to $2,249. However, compared to the ordinary models, the new Alienware m17 and x17 with 480Hz refresh rates cost much more.

 

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OnePlus 10R Price in Pakistan & Specs

OnePlus 10R Price in Pakistan

According to reports, the OnePlus 10R will go on sale in August globally. On the same day, the smartphone will also go on sale in Pakistan.

The 6.7-inch AMOLED screen on the OnePlus 10R features Full HD+ resolution, 120 Hz refresh rate, and HDR0+ compatibility.

The phone is powered by a MediaTek Dimensity 8100 Max chipset and can accommodate up to 12GB of LPDDR5 RAM and 256GB of internal storage.

The system comes pre-installed with OxygenOS 12.1, a modified skin for the Android 12 OS. A 4,500mAh battery with 150W fast charging and a 5,000mAh battery with 80W fast charging are the two battery options available.

On the rear of the phone, there are three cameras: a 50MP primary sensor, an 8MP ultra-wide lens, and a 2MP macro lens. A 16MP lens is on the front-facing camera.

OnePlus 10R Price in Pakistan

The OnePlus 10R expected price in Pakistan is ₨ 94,999.

OnePlus 10R Specifications:

Build OS Android 12 OS
UI ColorOS 12.1
Dimensions 163.3 x 75.5 x 8.2 mm
Weight 186 g
SIM Dual Sim, Dual Standby (Nano-SIM)
Colors Sierra Black, Forest Green
Frequency 2G Band SIM1: GSM 850 / 900 / 1800 / 1900
SIM2: GSM 850 / 900 / 1800 / 1900
3G Band HSDPA 800 / 850 / 900 / 1700(AWS) / 1800 / 1900 / 2100
4G Band LTE band 1(2100), 2(1900), 3(1800), 4(1700/2100), 5(850), 7(2600), 8(900), 12(700), 17(700), 18(800), 19(800), 20(800), 25(1900), 26(850), 28(700), 29(700), 34(2000), 38(2600), 39(1900), 40(2300), 41(2500), 66(1700/2100)
5G Band 5G SA/NSA
Processor CPU Octa-core (4 x 2.85 GHz Cortex-A78 + 4 x 2.0 GHz Cortex-A55)
Chipset MediaTek Dimensity 8100 Max
GPU Mali-G610 MC6
Display Technology Fluid AMOLED Capacitive Touchscreen, 1B Colors, Multitouch
Size 6.7 Inches
Resolution 1080 x 2400 Pixels (~393 PPI)
Protection Corning Gorilla Glass 5
Extra Features 120Hz, HDR10+
Memory Built-in 128/256/52GB Built-in, 8/12GB RAM, UFS 3.1
Card No
Camera Main Triple Camera: 50 MP, f/1.8, 24mm (wide), 1/1.56″, PDAF, OIS + 8 MP, f/2.2, 15mm, (ultrawide), 1/4.0″ + 2 MP, f/2.4, (macro), dual-LED dual-tone flash
Features HDR, panorama, Video (4K@30fps, 1080p@30/60/120fps, gyro-EIS)
Front 16 MP, f/2.4, 26mm (wide), 1/3.09″, HDR, Video (1080p@30fps, gyro-EIS)
Connectivity WLAN Wi-Fi 802.11 a/b/g/n/ac/6, dual-band, Wi-Fi Direct, hotspot
Bluetooth v5.2 with A2DP, LE
GPS Yes + dual-band A-GPS with GLONASS, BDS
USB USB Type-C 2.0
NFC Yes
Data GPRS, Edge, 3G (HSPA 42.2/5.76 Mbps), 4G (LTE-A (CA) Cat20 2000/200 Mbps), 5G capable
Features Sensors Accelerometer, Compass, Fingerprint (under display, optical), Gyro, Proximity
Audio 24-bit/192kHz audio, Speaker Phone
Browser HTML5
Messaging SMS(threaded view), MMS, Email, Push Mail, IM
Games Built-in + Downloadable
Torch Yes
Extra Active noise cancellation with dedicated mic, Document viewer, Photo/video editor
Battery Capacity (Li-Po Non removable), 4500 mAh
– Fast charging 150W, 1-30% in 3 min, 1-100% in 17 min (150W version)

Price

Price in Rs: Coming Soon    (Expected Rs: 94,999)   Price in USD: $NA

 

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US stocks tread water after rally

US stocks
  • The Dow Jones is down 0.3 percent at 31,747.55.
  • The S&P 500 slips less than 0.1 percent to 3,935.22.
  • The tech-rich Nasdaq Composite Index gains 0.5 percent to 11,766.79.

Wall Street stocks were mixed early Wednesday, moving sideways after the prior day’s bounce that was partly a response to the market’s losses so far in 2022.

Major indices had piled on more than two percent Tuesday in what Briefing.com analyst Patrick O’Hare called a “technical” rally after a survey of investors suggested stocks had been oversold and were due for a turnaround.

Analysts also cited the better-than-expected tone from executives at large banks and other companies that reported results that eased worries about second-quarter earnings season.

Tuesday’s trading was “predominantly a technical rally,” O’Hare said. “The limiting factor is that the fundamental show isn’t that appealing, which is perhaps why the futures market this morning isn’t teasing an encore performance.”

About 15 minutes into trading, the Dow Jones Industrial Average was down 0.3 percent at 31,747.55.

The broad-based S&P 500 slipped less than 0.1 percent to 3,935.22, while the tech-rich Nasdaq Composite Index gained 0.5 percent to 11,766.79.

Among individual companies, Netflix slipped 0.7 percent after it reported the loss of 970,000 subscribers, its second quarter in a row with a decline.

Shares had risen immediately after the report as the streaming company predicted it would gain subscribers in the current period.

 

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Xiaomi launches S10T robot vacuum cleaner globally

Xiaomi S10T robot vacuum cleaner
  • Xiaomi’s S10T robot vacuum cleaner has an 8kPa suction and multiple cleaning modes.
  • It also has anti-tangle technology built in, which keeps debris from obstructing it.
  • There are no specifics yet regarding the product’s price or release date.

The S10T robot vacuum cleaner, which has an 8kPa suction, has been unveiled by tech giant Xiaomi.

There are no specifics yet regarding the product’s price or exact release date, and the announcement was made in China.

Multiple cleaning modes, strong suction, and mopping capabilities are all features of the new Xiaomi robot vacuum cleaner.

The gadget also has Xiaomi’s anti-tangle technology built in, which keeps debris from obstructing it. The brand-new robot vacuum cleaner has a cleaning capacity of 180 square meters and uses an LDS laser for navigation.

Three different water volume options are available on the S10T to accommodate different preferences for mopping. With a single charge, its 5,200mAh battery can clean up to 180 square meters.

The cleaning and mopping operation is sped up by its 450ml dustbin and 250ml water tank. The robot can climb over barriers as tall as 2 cm.

It uses LDS laser navigation to traverse and creates an accurate map of the cleaning area. The quad-core chip in the robot implements the SLAM algorithm for effective operations, and the map can be utilized to direct it to particular locations.

Through the Mi Home or Xiaomi Home apps, the Xiaomi S10T robot vacuum cleaner may be remotely operated. You may designate no-go areas and schedule cleaning activities using the app.

The S10T’s release date, pricing, and availability information are anticipated to be announced shortly.

 

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Samsung Galaxy Z Fold 4 Price in Pakistan & Features

Samsung Galaxy Z Fold 4 Price in Pakistan

The Samsung Galaxy Z Fold 4, an S-series smartphone will be made available soon. There are renderings of the foldable phone.

The Qualcomm Snapdragon 8 Gen 1 Plus chipset and 2.84 GHz Octa-core processor in the Galaxy Z Fold 4 are quick. Adreno 730 is its GPU are all included in the Galaxy Z Fold4.

The device’s 7.6-inch full HD display (1768 x 2208 pixels). AMOLED 2X capacitive touchscreen on Samsung Galaxy Z is foldable.

Screens are shielded by Gorilla Glass. 12GB of RAM is there on the phone. Work is accelerated by the CPU and RAM of the Samsung Galaxy Z Fold 4.

Three cameras are on the Samsung Z Fold 4. Telephoto and ultra-wide cameras will each have a 12 megapixel sensor, with a 50 megapixel main sensor.

Samsung Galaxy Z Fold 4 Price in Pakistan

The Samsung Galaxy Z Fold 4 expected price in Pakistan is ₨ 318,999.

Samsung Galaxy Z Fold 4 Specifications:

Build OS Android 12 OS
UI One UI
Dimensions Folded: (155 x 130 x 7.1 mm), Unfolded: (158.2 x 128.1 x 6.4 mm)
Weight N/A
SIM Dual Sim, Dual Standby (Nano-SIM)
Colors Black; other colors
Frequency 2G Band SIM1: GSM 850 / 900 / 1800 / 1900
SIM2: GSM 850 / 900 / 1800 / 1900
3G Band HSDPA 850 / 900 / 1700(AWS) / 1900 / 2100
4G Band LTE
5G Band SA/NSA/Sub6
Processor CPU 2.84 Ghz Octa Core
Chipset Qualcomm Snapdragon 8 Gen 1 Plus
GPU Adreno 730
Display Technology Foldable Dynamic AMOLED 2X Capacitive Touchscreen, Multitouch
Size 7.6 Inches
Resolution 1768 x 2208 Pixels (~372 PPI)
Protection Corning Gorilla Glass Victus
Extra Features 120Hz, HDR10+, 1200 nits (peak), Cover display: Dynamic AMOLED 2X, 6.2 inches, 832 x 2268 pixels, 120Hz, 25:9 ratio, 120Hz, Corning Gorilla Glass Victus
Memory Built-in 256GB Built-in, 12GB RAM, UFS 3.1
Card No
Camera Main Triple Camera: 50 MP + 12 MP, f/2.4, 52mm (telephoto), 1/3.6″, PDAF, OIS, 2x optical zoom + 12 MP, f/2.2, 12mm (ultrawide), LED Flash
Features Geo-tagging, touch focus, HDR, panorama, Video (4K@60fps, 1080p@60/240fps (gyro-EIS), 720p@960fps (gyro-EIS), HDR10+)
Front 10 MP
Connectivity WLAN Wi-Fi 802.11 a/b/g/n/ac/6e, dual-band, Wi-Fi Direct, hotspot
Bluetooth v5.2 with A2DP, LE, apt-X HD
GPS Yes + AGPS, GLONASS, BDS, GALILEO
USB USB Type-C 3.2
NFC Yes
Data GPRS, Edge, 3G (HSPA 42.2/5.76 Mbps, 4G (LTE-A (7CA) Cat20 2000/200 Mbps), 5G capable
Features Sensors Accelerometer, Barometer, Compass, Fingerprint (side mounted), Gyro, Proximity
Audio 32-bit/384kHz audio Tuned by AKG, Speaker Phone
Browser HTML5
Messaging SMS(threaded view), MMS, Email, Push Mail, IM
Games Built-in + Downloadable
Torch Yes
Extra Glass front + Gorilla Glass Victus) (folded), Plastic front (Unfolded), Glass back + Gorilla Glass Victus), Aluminum frame, Stylus support, IPX8 water resistant (up to 1.5m for 30 mins), Bixby natural language commands and dictation, Samsung DeX (desktop experience support), Samsung Pay (Visa, MasterCard certified), Ultra Wideband (UWB) support, Active noise cancellation with dedicated mic, Document viewer, Photo video/editor
Battery Capacity (Li-Po Non removable), 4400 mAh
– Fast charging 25W, Fast wireless charging 10W, Reverse wireless charging 4.5W

Price

Price in Rs: Coming Soon    (Expected Rs: 318,999)   Price in USD: $NA

 

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Samsung Galaxy Z Flip 4 Price in Pakistan & Specs

Galaxy Z Fold4

As the anticipated release of Samsung’s upcoming foldable smartphone generation nears, more details about the Galaxy Z Flip 4 are becoming available. The most recent ones are related to the chipset and battery size of the phone, each of which contains two new entries.

This is a Geekbench listing for a Samsung device with the model number SM-F721U, which is believed to be the Z Flip 4 and is powered by the upcoming Qualcomm Snapdragon 8 Gen 1+ CPU.

The chipset, code-named “Taro,” is for the Cortex-X2 CPU performance core and has a maximum clock speed of 3.19GHz. Four power-efficient Cortex-A510 processors operating at 1.8GHz and a trio of cores with a 2.75GHz clock speed are also discernible. The available Z Flip 4 likewise runs Android 12 and has 8GB of RAM. It received 3,642 multi-core points and 1,277 single-core points.

Samsung Galaxy Z Flip 4 Price in Pakistan

The Samsung Galaxy Z Flip4 expected price in Pakistan is ₨ 218,999.

Samsung Galaxy Z Flip4 Specifications:

OS Android 12 OS
UI OneUI 4.5
Dimensions N/A
Weight N/A
SIM eSIM (Nano-SIM)
Colors Black; other colors
Frequency 2G Band SIM1: GSM 850 / 900 / 1800 / 1900
3G Band HSDPA 850 / 900 / 1900 / 2100
4G Band LTE band 1(2100), 2(1900), 3(1800), 4(1700/2100), 5(850), 7(2600), 8(900), 12(700), 13(700), 14(700), 17(700), 18(800), 19(800), 20(800), 25(1900), 26(850), 28(700), 29(700), 30(2300), 34(2000), 38(2600), 39(1900), 40(2300), 41(2500), 46(5200), 66(1700/2100), 71(600)
5G Band SA/NSA/Sub6/mmWave
Processor CPU Octa-core (1 x 3.19 GHz Cortex-X2 + 3 x 2.75 GHz Cortex-A710 + 4 x 1.80 GHz Cortex-A510)
Chipset Qualcomm SM8450 Snapdragon 8 Gen 1+ (4 nm)
GPU Adreno 730
Display Technology Foldable Dynamic AMOLED 2X Capacitive Touchscreen, Multitouch
Size 6.7 Inches
Resolution 1080 x 2640 Pixels (~424 PPI)
Protection To be confirmed
Extra Features 120Hz, HDR10+, 1200 nits (peak) Cover display: Super AMOLED, 2.3 inches
Memory Built-in 128/256GB Built-in, 8GB RAM, UFS 3.1
Card No
Camera Main Dual 12 MP, f/1.8, 27mm (wide), 1/2.55″, Dual Pixel PDAF, OIS + 12 MP, f/2.2, (ultrawide), LED Flash
Features Geo-tagging, touch focus, HDR, panorama, Video (4K@30/60fps, 1080p@60/240fps, 720p@960fps, HDR10+)
Front 10 MP, f/2.4, 26mm (wide), HDR, Video (4K@30fps)
Connectivity WLAN Wi-Fi 802.11 a/b/g/n/ac/6, dual-band, Wi-Fi Direct, hotspot
Bluetooth v5.1 with A2DP, LE
GPS Yes + AGPS, GLONASS, BDS, GALILEO
USB USB Type-C 2.0, USB On-The-Go
NFC Yes
Data GPRS, Edge, 3G (HSPA 42.2/5.76 Mbps), 4G LTE-A (6CA), 5G capable
Features Sensors Accelerometer, Barometer, Compass, Fingerprint (side mounted), Gyro, Proximity
Audio 32-bit/384kHz audio, Tuned by AKG, Speaker Phone
Browser HTML5
Messaging SMS(threaded view), MMS, Email, Push Mail, IM
Games Built-in + Downloadable
Torch Yes
Extra Plastic front, glass back + Gorilla Glass Victus), Aluminum frame, IPX8 water resistant (up to 1.5m for 30 mins), Armour aluminum frame with tougher drop and scratch resistance (advertised), Samsung Pay (Visa, MasterCard certified), Documet viewer, Photo video/editor
Battery Capacity (Li-Po Non removable), 3700 mAh
– Fast charging 25W, Fast wireless charging 10W, Reverse wireless charging 4.5W

Price

Price in Rs: Coming Soon    (Expected Rs: 218,999)   Price in USD: $NA

 

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Vivo T1x Price in Pakistan & Specs

Vivo T1x Price in Pakistan

Vivo first unveiled the T1x 4G in Malaysia back in April, and now the phone has arrived in Pakistan with a few minor modifications.

It includes a 5.8-inch, 5,000 mAh battery with 18W charging, a 6.58-inch, 90Hz LCD with FHD+ resolution, and a Snapdragon 680 CPU.

A 50MP main camera and a 2MP depth sensor make up the camera section’s centerpiece. In addition to Android 12, Funtouch OS 12 provides coverage for the software side.

Vivo T1x Price in Pakistan

The Vivo T1x expected price in Pakistan is ₨ 37,999.

Vivo T1x Specifications:

Build OS Android 12 OS
UI FuntouchOS 12
Dimensions 164.3 x 76.1 x 8 mm
Weight 182 g
SIM Dual Sim, Dual Standby (Nano-SIM)
Colors Gravity Black, Space Blue
Frequency 2G Band SIM1: GSM 850 / 900 / 1800 / 1900
SIM2: GSM 850 / 900 / 1800 / 1900
3G Band HSDPA 850 / 900 / 1700(AWS) / 1900 / 2100
4G Band LTE band 1(2100), 2(1900), 3(1800), 4(1700/2100), 5(850), 8(900), 34(2000), 38(2600), 39(1900), 40(2300), 41(2500)
Processor CPU Octa Core
Chipset Dimensity 900 SoC
GPU ARM Mali-G68 MP4
Display Technology IPS LCD Touchscreen Capacitive, 16M Colors, Multitouch
Size 6.58 Inches
Resolution 1080 x 2408 Pixels (~401 PPI)
Extra Features 120Hz
Memory Built-in 64/256GB Built-in, 4/8GB RAM
Card microSDXC (dedicated slot)
Camera Main Triple Camera: 50 MP, f/1.8, (wide), PDAF + 2 MP, f/2.4, (depth) + 2 MP, f/2.4, (macro), LED Flash
Features Phase detection, Geo-tagging, touch focus, face detection, HDR, panorama, Video (1080p@30fps)
Front 8 MP, f/1.8, (wide), HDR, Video (1080p@30fps)
Connectivity WLAN Wi-Fi 802.11 a/b/g/n/ac, dual-band, Wi-Fi Direct, hotspot
Bluetooth v5.0 with A2DP, LE
GPS Yes + A-GPS support, & GLONASS, BDS, GALILEO, QZSS
USB USB Type-C, USB On-The-Go
NFC Yes
Data GPRS, Edge, 3G (HSPA 42.2/5.76 Mbps), 4G LTE-A
Features Sensors Accelerometer, Compass, Fingerprint (side mounted), Proximity
Audio MP4/H.264 player, MP3/WAV/eAAC+/FLAC player, Speaker Phone
Browser HTML5
Messaging SMS(threaded view), MMS, Email, Push Mail, IM
Games Built-in + Downloadable
Torch Yes
Extra Glass front, Plastic frame, Plastic back, Document viewer, Photo/video editor
Battery Capacity (Li-Po Non removable), 5000 mAh
– Fast charging 44W

Price

Price in Rs: Coming Soon    (Expected Rs: 37,999)   Price in USD: $NA

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Nano Box: A Chinese electric SUV; cheaper than Suzuki Cultus

Nano Box: A Chinese electric SUV
  • A new electric SUV from Chinese automaker Dongfeng is more affordable than the standard Suzuki Cultus.
  • The Nano-Box is a little crossover SUV with a modern style and a rounded profile.
  • It includes a 27.2 kWh ternary lithium battery that enables a cruising range of up to 331 kilometers.

A new electric SUV from Chinese automaker Dongfeng is more affordable than the standard Suzuki Cultus. It is an A-segment crossover SUV with an all-electric drivetrain known as “Nano Box.”

The infant SUV is not Dongfeng’s first all-electric model. Aeolus EX1, Dongfeng Fengxing T1, Dongfeng Fengguang E1, and Venucia e30 are additional EVs. In the next five years, the company plans to introduce 3 to 5 new EV models in an effort to increase its EV output.

The Nano-Box is a little crossover SUV with a modern style and a rounded profile. It includes a 27.2 kWh ternary lithium battery that enables a cruise range of up to 331 kilometers. It has a single electric motor that produces 125 Newton-meters (Nm) of torque and 44 horsepower (hp), and it exclusively drives the front wheels.

The Nano Box has a number of contemporary features, similar to other contemporary SUVs, including:

  • A 7-inch instrument panel
  • a 10-inch central control screen
  • app-based vehicle controls
  • automatic and remote climate control
  • a car-location indicator
  • an internal diagnosis system
  • charging management
  • parking sensors
  • ABS brakes with electronic brakeforce distribution (EBD) and brake assist (BA) technology
  • voice recognition
  • a rear camera
  • Bluetooth connectivity

If DFSK introduces the SUV in Pakistan, it will be one of the most affordable EVs in the world and a compelling option for Pakistan’s consumers. The SUV is currently priced at roughly Rs. 2.2 million in China.

 

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Kia announces major price spike for all vehicles

Kia announces major price spike
  • Lucky Motor Corporation Limited (LMCL) has increased the pricing of all Kia automobiles in Pakistan.
  • This is LMCL’s fourth price hike this year.
  • According to Kia, the depreciation of the local currency and a rise in shipping expenses caused major spike.

In the previous two years, Lucky Motor Corporation Limited (LMCL) was renowned for maintaining vehicle costs. Unfortunately, the automaker has been compelled to hike car pricing alongside other businesses due to the depreciation of local currency and rise in shipping expenses.

As per a recent statement, the business has increased the pricing of all Kia automobiles in Pakistan namely Sportage, Stonic, and Picanto. The following are the new prices, which take effect right away:

Variants Old Price (Rs.) Revised Price (Rs.) Increase (Rs.)
Picanto M/T 2,600,000 3,100,000 500,000
Picanto A/T 2,700,000 3,200,000 500,000
Sportage Alpha 5,300,000 6,250,000 897,000
Sportage FWD 5,858,000 6,750,000 892,000
Sportage AWD 6,363,000 7,250,000 877,000
Stonic EX 4,425,000 4,545,000 76,000
Stonic EX+ 4,725,000 4,848,000 76,000
Sorento 2.4 FWD 6,904,360 7,800,000 895,000
Sorento 2.4 AWD 7,573,990 8,500,000 926,000
Sorento V6 FWD 7,573,990 8,500,000 926,000
Carnival 11,499,000 12,599,000 1,100,000

Oddly, compared to the rest of the lineup, the price increases for the Kia Stonic are minimal. The top-selling Kia vehicles now cost more thanks to a fourth price hike this year from LMCL.

This price increase is probably due to the Pakistani Rupee’s rate against the US Dollar, which was Rs. 222 on July 19. With additional companies issuing such somber announcements and blaming the devaluation of the Pakistani Rupee for their price increases, Kia may have started a new wave of price increases in the automotive sector.

 

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PSX experiences range-bound trading with a gain of around 71 points

PSX experiences range-bound trading
  • The benchmark KSE-100 closed with a gain of around 71 points on Wednesday.
  • Trading on the Pakistan Stock Exchange (PSX) was range-bound.
  • 136 stocks ended the day’s trading in the black, 169 in the red, and 20 were unchanged.

The benchmark KSE-100 closed with a gain of around 71 points on Wednesday, although trading on the Pakistan Stock Exchange (PSX) was range-bound.

The stock market started off in the black, but it quickly gave in to selling pressure. The bulls, however, maintained a firm hold throughout the day, helping to close the market on a high note.

The benchmark KSE-100 index increased by 70.63 points or 0.17 percent to settle at 40,459.70 points.

According to Arif Habib, the ongoing depreciation of the Pakistani rupee versus the US dollar and political upheaval are to blame for the benchmark KSE-100 index’s sideways performance.

Despite value purchasing during the final hour of trading in the exploration and production sector, volumes were low.

Exploration and production (+73.3 points), banks (+29.0 points), OMCs (+15.8 points), electricity (+13.6 points), and technology are among the sectors that have helped the performance (11.8 points).

During the session, shares of 325 firms were exchanged. 136 stocks ended the day’s trading in the black, 169 in the red, and 20 were unchanged.

Compared to Tuesday’s total of 194.86 million shares, the overall trading volume increased to 141.74 million shares. Shares were traded for a total of Rs4.49 billion during the day.

With 13.37 million shares traded and a loss of Rs0.35 to close at Rs17.56, TPL Properties Limited had the highest volume. Worldcall Telecom Limited, with 10.75 million shares traded, gained 0.02 rupees to close at Rs. 1.27, and Cnergyico PK Limited, with 7.95 million shares traded, lost 0.02 rupees to settle at Rs. 5, came in second and third, respectively.

 

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Pakistan, Afghanistan to boost trade relations

Pakistan Afghanistan trade relations
  • A Pakistani delegation visited Kabul to discuss joint initiatives for boosting cross-border transit and connectivity.
  • Meetings were held with ministers and top officials from various Afghan Ministries.
  • Border crossing points, including Torkham, Karachi, Ghulam Khan, and Spin Boldak, will have longer operational hours.

From July 18 to 20, a Pakistani delegation headed by Secretary of Commerce Muhammad Sualeh Ahmed Faruqui visited Kabul to discuss joint initiatives for boosting cross-border transit and connectivity.

During the two-day tour, the delegation also reviewed the essential trade facilitation measures to solve the real-world challenges faced by importers, exporters, merchants, and businesses from both sides.

The Pakistan team includes representatives from all pertinent ministries and departments with regard to economic contact, commerce, transit, commercial exchanges, and improving facilitation at all border crossing locations in order to achieve significant progress on these issues.

Meetings were held with ministers and top officials from various Afghan Ministries, including Nooruddin Azizi, the acting minister of commerce, and Amir Khan Muttaqi, the acting minister of foreign affairs.

The following beneficial outcomes were agreed upon by the two parties during the substantive discussions:

  1. Bilateral trade and transit have increased over the past fiscal year. On a mutually advantageous basis, this momentum needs to be maintained and further reinforced.
  2. It was decided to make border crossing points more effective in order to ensure prompt passage of trade and transit traffic and to prioritize resolving bottlenecks and obstacles.
  3. To further boost trade between the two nations, the two sides decided to create a Temporary Admission Document (TAD) that would provide unfettered circulation of vehicles engaged in bilateral trade and prohibit loading and unloading of cargo at border crossing locations.
  4. All crossing points, including Torkham, Karachi, Ghulam Khan, and Chaman/Spin Boldak, would have longer operational hours as a result of an agreement between the two sides’ competent authorities.
  5. In order to increase the effectiveness of the clearance of products, the heads of the customs departments of the two nations decided to collaborate and develop mutually connected custom procedures and systems.
  6. Actions should be made to begin a luxury bus service between Quetta and Kandahar and Peshawar and Jalalabad, with a goal of launching the service by the end of August this year.
  7. Through mutual collaboration, difficulties in visa processing would be resolved.

The two parties underlined their commitment to maintaining regular coordination in order to put these understandings into practice and increase economic cooperation.

 

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Gold price falls by Rs 1200 per tola despite Rupee’s depreciation

Gold price falls in Pakistan
  • Despite the rupee’s collapse, the price of gold in Pakistan fell by Rs 1,200 per tola.
  • Bullion prices fell $9 per ounce to close at $ 1,708 on the global market.
  • In Pakistan, gold is priced at about Rs 2,000 less than the Dubai market.

Despite the rupee’s collapse, which on Wednesday reached an all-time low of Rs224.92 versus the US dollar, the price of gold in Pakistan fell by Rs 1,200 per tola.

The price of gold in the local bullion market reduced by Rs 1,200 per tola to Rs 144,000 and by Rs 1,028 for 10 kilos to Rs 123,457, according to the All Sindh Sarafa Jewellers Association (ASSJA).

The valuable commodity had a previous day’s closing price of Rs145,200 per tola and Rs124,485 per 10 kilos.

Analysts were taken aback by a decrease in the price of gold because historical evidence suggests that during periods of inflation, people tended to hold aggressive positions in gold.

A gold dealer told Geo.tv that purchasing gold is a secure bet against currency depreciation or devaluation.

Some investors are more inclined towards the conventional shining asset, but people may invest directly in the dollar to obtain a same advantage, he said.

But according to him, Pakistan is still only a minor portion of the world gold market. As it does not manufacture the commodity locally, it imports it to satisfy demand.

As a result, the price of gold in local markets is established by taking into account its costs on international markets, the rupee-dollar exchange rate, as well as the supply and demand for it in those markets.

Bullion prices fell $9 per ounce to close at $1,708 on the global market.

In Pakistan, gold is priced at about Rs 2,000 less than it would be in the Dubai market.

In the meantime, today’s domestic market silver prices stayed the same at Rs. 1,580 per tola and Rs. 1,354.60 per 10 grams.

 

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