NEW FOREIGN INVESTMENT TO BOOST ECONOMY: MIFTAH ISMAIL.

         

                                                                                                                                                                                                                       ISLAMABAD: Chairman Board of Investment Miftah Ismail Friday said foreign investment in auto sector would further boost the economy of the country.

Speaking in a TV programme, he said under new auto policy, the government intended to bring new foreign investment for car manufacturing as a French company is establishing its production unit in Karachi.

Initially, about $100 million would be invested by the company and it would have production capacity of upto 30000 cars in first phase, he said adding that the capacity would be increased to 50 thousand units.

With the launch of car models by new company, the customers would have more choice and reasonable price as well.

Miftah Ismail said many other companies of various countries are also taking interest to invest in auto sector of the country.

Beside new companies, current operating companies are also expanding their networks and their business is growing.

PSP SOON HOLD A LARGE PUBLIC MEETING IN HYDERABAD: MUSTafa kamal.

                                                                                                                                                                                                                                                        HYDERABAD: Pak Sarzameen Party leader and former Mayor Karachi Mustafa Kamal Friday said his party would soon hold a large public meeting in Hyderabad.

He said this while addressing a large number of people gathered to receive them on their first visit to Hyderabad after release of PSP leader Anis Qaimkhani from the prison in Karachi.

He said the Anis Qaimkhani was arrested in a fake case. Kamal said they would take the message of their party for a peaceful, prosperous and strong Pakistan door to door.

The rally after passing through many parts of city and Latifabad talukas concluded at the PSP office.

Smog causes closure of motorway across various locations.

FAISALABAD: The motorway was closed across various points due to the dense fog. However, motorway authorities claimed that the fog was less intense as compared to a couple of days ago. 

According to details, the motorway was closed from Lahore to Sialkot, Motorway M3 Pindi Bhattian to Faisalabad and Motorway M4 from Faisalabad to Sial Mor, Gojra-Shorkot section. 

Motorway police stated that the closure of the road was due to the dense fog and lack of visibility on the roads. The fog is also reportedly very dense from Lahore to Khanewal and the visibility has been estimated at 50-150 meter. 

Motorway police have issued cautionary advice and instructions to drivers, urging them to drive slow and avoid unnecessary travel. Use of fog lights has also been recommended.