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Featured image for article: Changan Pakistan Unveils Exciting Ramadan Offers

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Featured image for article: Newly launch of KIA Ev 5

international automotive news

Newly launch of KIA Ev 5

The Kia EV5 marks an exciting step forward in the world of electric vehicles, crafted to suit the needs of both modern.

Featured image for article: Shell Pakistan rebranded as Wafi Energy Pakistan

fuel and energy

Shell Pakistan rebranded as Wafi Energy Pakistan

Shell Pakistan Limited has officially been rebranded as Wafi Energy Pakistan Limited following the completion of an acquisition by Wafi Energy Holding Limited, according to a filing at the Pakistan Stock Exchange (PSX) on Tuesday.

Featured image for article: Auto-mobile industry news

automobile import

Auto-mobile industry news

Pakistan's automobile import industry has experienced significant developments recently

Featured image for article: The Prime Minister has directed that the project of electric vehicle charging stations should be expedited

electric vehicles

The Prime Minister has directed that the project of electric vehicle charging stations should be expedited

Islamabad: Under the leadership of Prime Minister Mian Muhammad Shahbaz Sharif, a special concessional electricity rate was announced today for charging stations of electric vehicles. The special concessional electricity rate for charging stations has been reduced from the current Rs 71 per unit to Rs 39.70 per unit. Thus, for the first time in the history of the country, the per unit electricity price for electric vehicles has been reduced by 44 percent. Along with this, regulations related to the establishment of charging stations for electric vehicles and replacement points for batteries have also been implemented. These regulations have been implemented under the National Energy Conservation Authority, an institution of the Power Division, for which a regular gazette notification has also been issued. According to the details, the reduction in the per unit tariff of electricity for charging stations from Rs. 71 to Rs. 39.70 will now enable (3) times savings in travel expenses compared to petrol and other fuels, which is also likely to lead to a significant reduction in fares. Along with this, huge foreign exchange will also be saved due to the reduction in dependence on petrol and other fuels in the country. According to an estimate, there are currently 10 million motorcycles in the country and they spend $6 billion on fuel annually. Thanks to the conversion of these motorcycles to electric technology, which is possible on an average of fifty thousand, not only will they get their money back in three to four months in terms of capital savings, but they will also save billions of dollars in terms of valuable foreign exchange.

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