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Proposal to Increase Federal Excise Duty on Tobacco Products by 37% for Health and Revenue Gains

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BYD Becomes First Automaker to Produce 17 Million New Energy Vehicles
BYD Rolls Out Its 17 Millionth New Energy Vehicle, Setting a New Acceleration Rec-ord for the Global NEV Industry BYD celebrated the production of its 17 millionth new energy vehicle (NEV) at its Xi’an plant, with the all-new large flagship family sedan, the Seal 08, marking the milestone vehicle. With this achievement, BYD officially becomes the world’s first automaker to reach 17 million NEV units produced, setting a new acceleration benchmark for the […]
Ferrari Luce EV Debut in Asia Sparks Debate Over Heritage
China Allocation of Ferrari’s First EV Raises Questions Amid Ongoing Orders Ferrari has unveiled its first all-electric model, the Luce, in Asia, marking a historic milestone for the brand nearly 80 years after its founding. Priced at RMB 3.988 million in China, the four-door, five-seat EV boasts a quad-motor system exceeding 1,000 horsepower, accelerating from […]
Geely Auto Enters Pakistan, to Launch Two Electric Vehicles in 2026
Bestway Group Becomes Exclusive Distributor of Geely Galaxy in Pakistan Chinese automaker Geely Auto has officially entered the Pakistani market by appointing Bestway Group as the exclusive importer and distributor of its Geely Galaxy electric vehicle brand. The company plans to launch two battery-electric vehicles (BEVs) — the Galaxy EX5 compact SUV and the Galaxy […]
Government Allocates Rs9 Billion to Boost Electric Vehicle Adoption
Pakistan Targets 2.2 Million Electric Vehicles on Roads by 2030 Pakistan is set to witness rapid growth in electric mobility, with the number of electric vehicles (EVs) on its roads expected to reach 2.2 million by 2030, according to a briefing presented to the Senate Standing Committee on Industries and Production. The growth is expected […]

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FED rates increased