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Wall Street edges lower as Tesla, 3M weigh; big tech earnings in focus

Tesla slips despite revenue beat.
3M slides on warning of higher costs.
UPS jumps as revenue tops expectations.
Indexes down: Dow 0.07%, S&P 0.14%, Nasdaq 0.35%.

Published 27 Apr, 2021 08:32pm

Business & Finance

When will automakers ditch petrol and diesel engines for EVs?

Some 11 European countries intend to ban ICEVs in the near future. This includes Norway, UK, and France.
Norway wants them gone by 2025, while the UK has a deadline set for 2030.

Published 22 Apr, 2021 06:10pm

BR Research

BMW takes on Volkswagens in a race for next-level EV batteries

Most EVs in the market use lithium-ion batteries which have a liquid electrolyte between the anode and cathode.
Solid-state batteries would swap the liquid for a solid, improving performance and safety.

Published 21 Apr, 2021 02:21pm

World

Stellantis electric cars will have up to 800km range

PARIS: Automaker Stellantis said Thursday it plans to develop four electric vehicle platforms that will offer up to...

Updated 19 Apr, 2021 09:56am

Business & Finance

Mercedes-Benz unveils its 2022 EQS Luxury Electric Sedan

Mercedes-Benz has finally unveiled its 2022 EQS Luxury Electric Sedan, featuring a two-tone paint design, larger battery, a huge infotainment screen, and luxurious interior.

Published 16 Apr, 2021 06:39pm

Business & Finance

Tesla posts record deliveries in first quarter, beats estimates

"We are encouraged by the strong reception of the Model Y in China and are quickly progressing to full production capacity," Tesla said in a statement.
"The new Model S and Model X have also been exceptionally well received, with the new equipment installed and tested in Q1 and we are in the early stages of ramping production," it added.

Published 02 Apr, 2021 08:04pm

Business & Finance

Tesla first-quarter deliveries beat estimates

The electric-car maker delivered 184,800 vehicles during the first quarter, above estimates of 177,822 vehicles, according to Refinitiv data.

Published 02 Apr, 2021 05:59pm

Business & Finance

VW vows to dominate e-car market by 2025

FRANKFURT: German auto giant Volkswagen said Tuesday it is aiming to dominate the electric car market by 2025 as it...

Updated 22 Mar, 2021 09:43am

Business & Finance

Toyota to reveal its X Prologue electric car on March 17th

Toyota is teasing a new electric car reveal on March 17th.
The sneak picture shows a single headlight of the new car called X Prologue.

Updated 11 Mar, 2021 02:40pm

Business & Finance

Betting on death of petrol cars, Volvo to go all electric by 2030

Volvo CEO says customers won't want a petrol engine in future.
Carmakers racing to switch to zero-emissions models.
Volvo targets 50% of its sales fully electric cars, 50% hybrid by 2025.
Volvo launches C40 model, a fully electric SUV.

Published 02 Mar, 2021 07:40pm

Business & Finance

VW's SEAT says Spain needs a battery plant as it eyes EV production

After deeming it "essential" to have a battery factory in Spain, Griffiths also said it would help if batteries were assembled close to the Martorell plant near Barcelona.
"The Spanish government cannot miss the train of electrification," Griffiths said.

Published 22 Feb, 2021 08:03pm

Business & Finance

All JLR cars to be fully electric by 2030; Jaguar all electric by 2025

JLR, owned by India's Tata Motors, said on Monday the Jaguar brand will lead the way with a fully electric model range built on a brand-new electric platform by 2025.
Land Rover will launch six pure electric models in the next five years with the first one coming in 2024, JLR said.

Published 15 Feb, 2021 04:56pm

Pakistan

Electric cars to hit Pakistan roads soon: minister

LAHORE: Federal Minister for Science and Technology Fawad Chaudhry said on Saturday that battery-powered electric...

Updated 14 Feb, 2021 10:01am

Pakistan

Electric cars to arrive in Pakistan soon: Fawad Chaurdary

The Minister made this announcement during the launch of an upgraded version of the Lahore Chambers of Commerce website.'
He said that government is taking every necessary measure to make Pakistan economically strong.

Published 13 Feb, 2021 06:33pm

Pakistan

Imported electric cars meet accident in Nawabshah

The speeding trailer overturned on the national highway near Daulatpur in Nawabshah.
According to the motorway police, the truck was loaded with electric cars imported from Korea.

Updated 12 Feb, 2021 03:27pm

Business & Finance

GM reports higher profits

NEW YORK: Strong demand for large autos in the United States boosted General Motors’ fourth-quarter profits as the...

Updated 11 Feb, 2021 09:32am

Govt mulling slapping additional taxes on cars from next week

ISLAMABAD: The government is considering promulgation of tax amendment ordinance next week, it was learnt on ...

Published 06 Feb, 2021 04:06am

World

Electric cars, fewer cows in New Zealand’s climate change plan

WELLINGTON: New Zealand unveiled a blueprint Sunday to phase out petrol-powered cars while its dairy industry, a key...

Updated 01 Feb, 2021 09:08am

Business & Finance

Tesla to give Model S its First Major Makeover

Tesla has just announced the its Model S electric sedan will be getting its first major redesign.

Published 28 Jan, 2021 05:26pm

Business & Finance

Tesla's Rivals follow NIO in Achieving the 1000km Driving Range

Tesla's rivals and Chinese partners of General Motors, Toyota and Honda also follow NIO's lead to develop cutting-edge batteries that can allow automobiles to achieve the 1000km driving range on a single charge.

Published 22 Jan, 2021 04:12pm

Business & Finance

China and electric cars offer automakers hope after a dire 2020

VW brand sales down just over 15%, but EV sales up.
Volkswagen's Audi had best ever Q4.
China, EVs also help BMW limit 2020 sales decline.
Renault underperforms, but also sees EV sales rise.

Published 12 Jan, 2021 07:12pm

Business & Finance

Shell & K-Electric Partner to Develop Three EV Charging Stations in Karachi

Shell has signed a MoU with K-Electric to jointly develop the first three Electric Vehicle (EV) charging stations in Defense, Gulshan and Gadap.

Published 09 Jan, 2021 03:09pm

Business & Finance

Electric cars rise to record 54pc market share in Norway in 2020

So-called battery electric vehicles (BEV) made up 54.3% of all new cars sold in the Nordic country in 2020.
The policy has turned the country's car market into a laboratory for automakers seeking a path to a future without internal combustion engines.

Published 05 Jan, 2021 05:34pm

Technology

Hyundai Motor to launch dedicated EV platform in major push into electric cars

The plan underscores efforts by the world’s No.5 auto group to become a major player in the global EV market, as car makers around the world are pouring billions of dollars of investment to improve battery technology, which keeps EV prices high compared with combustion engine models.

Published 02 Dec, 2020 02:09pm

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Apr 23	278.40
USD PKR Interbank Buying / Apr 23	278.10
USD to Japanese Yen / Apr 23	154.75
USD to Swiss Franc / Apr 23	0.91
Pound Sterling to USD / Apr 23	1.24
Euro to USD / Apr 23	1.07

Stock	Volume
S&P 500 / Apr 23	5070.55
India Sensex / Apr 23	73738.45
Tokyo Nikkei / Apr 23	37552.16
Nasdaq / Apr 23	15696.64
Hang Seng / Apr 23	16828.93
FTSE 100 / Apr 23	8044.81
Dow Jones / Apr 23	38503.69
Germany DAX 30 / Apr 23	18137.65

Item	Value
Crude Oil USD/Barrel / Apr 23	83.54
Karachi Cotton PKR/37.32 KG / Apr 23	21035
Gold 10 Grams PKR / Apr 23	213220
Gold Spot USD/Ounce / Apr 23	2323.25
Cotton US¢/pound / Apr 23	81.72
Petrol/Litre / Apr 24	293.94

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Apr 24 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Apr 24 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / Apr 24 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Apr 24 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Apr 24 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Apr 24 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / Apr 24 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / Apr 24 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Apr 24 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Apr 24 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Apr 24 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / Apr 24 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Apr 24 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Apr 24 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / Apr 24 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / Apr 24 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / Apr 24 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Apr 24 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / Apr 24 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / Apr 24 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / Apr 24 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / Apr 24 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / Apr 24 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / Apr 24 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / Apr 24 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / Apr 24 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / Apr 24 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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