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Haval Pakistan Announces Good News About Car Prices

  While leading automakers such as Pak Suzuki and Kia have raised vehicle prices following the implementation of new taxes under the Federal Budget 2025–26, Sazgar Engineering has taken a different approach. In an official announcement, the company stated that it will absorb the cost of the newly introduced New Energy Vehicles (NEV) Adoption Levy. As a result, Haval vehicle prices will remain unchanged. This decision comes at a time when Pak Suzuki Motor Company and Kia Lucky Motors increased their prices, citing the increased sales tax rate and additional levies introduced in the new fiscal policy. Suzuki models like the Alto, Cultus, and Swift saw noticeable price hikes, while Kia increased rates across most of its popular vehicles, including Sportage and Picanto. Sazgar, on the other hand, emphasized its commitment to customer welfare by maintaining price stability. “As a responsible and customer-focused organization, Sazgar has consistently taken proactive measures to protect t...
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UAE Unveils $30 Billion Climate Investment Fund as COP28 Kicks Off With New Finance Initiatives

 


Dubai - The 28th Conference of Parties (COP28) climate summit is hosted in Dubai today with several new funding initiatives aimed at mobilizing greater private investment to tackle the climate crisis. 


The United Arab Emirates announced the launch of a $30 billion climate investment venture called ALTRRA. The new fund aims to mobilize $250 billion globally by 2030 to support projects reducing emissions and adapting to climate impacts. UAE COP28 President Sultan Ahmed Al-Jaber said ALTRRA demonstrates the UAE's commitment to climate action and will be the "world's largest private investment vehicle" for the issue.


In addition, multiple development banks and countries pledged new climate finance. The World Bank committed to increase its annual climate spending to 45% of total projects by 2024-25. Canada pledged $16 million to the new UN loss and damage fund, while France committed $100 million. Separately, the UK announced $2 billion for the Green Climate Fund. 


New public-private partnerships were also unveiled to blend funding sources. An $11 billion platform called Allied Climate Partners was launched with support from the Bezos Earth Fund and other donors. India also saw commitments totaling over $6.5 billion to boost electric vehicles and green hydrogen. 


The financial announcements at the start of COP28 aim to accelerate progress on climate goals through greater investment across sectors. If realized, the new sources of funding could help scale up climate action in developing nations most vulnerable to impacts.

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