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Reasons for banning the further sale of fossil fuel vehicles include: reducing health risks from pollution particulates, notably diesel PM10s, and other emissions, notably nitrogen oxides; [8] meeting national greenhouse gas, such as CO 2, targets under international agreements such as the Kyoto Protocol and the Paris Agreement; or energy independence.
While crude oil and natural gas are also being phased out in chemical processes (e.g. production of new building blocks for plastics) as the circular economy and biobased economy (e.g. bioplastics) are being developed [16] to reduce plastic pollution, the fossil fuel phase out specifically aims to end the burning of fossil fuels and the consequent production of greenhouse gases.
That month Pakistan also ended a four-year streak of outflows (totaling $1.4 billion) in Treasury Bills, earning $875 million. According to Bloomberg, Pakistan's stock became the "world’s best performer", increasing 73% in the past 12-months. Treasury Bill yields became some of Asia's highest, while foreign reserves rose to a two-year high. [73]
However, according to a report in Bloomberg, Ford’s losses per electric vehicle exceeded $100,000 in the first quarter of 2024, prompting the company to cut battery supplier orders.
Toyota Indus's Corolla is the most assembled car in Pakistan. In 2017, 52,874 models were made. The automotive industry in Pakistan is one of fastest-growing industries in the country, growing by 171% between 2014 and 2018. It accounts for 7% of Pakistan's GDP and employed a workforce of over 6.8 million people as of 2024. Pakistan is the 15th ...
Iran–Pakistan gas pipeline is pending for a long time to receive PNG from Iran for the needs of both Pakistan and India. [55] However, due to the sharp deterioration in India-Pakistan relations, the pipeline is currently changed to be used only by Iran and Pakistan. Pakistan is also planning the Turkmenistan–Afghanistan–Pakistan–India ...
In 2016, Renault announced to start assembling cars in Pakistan by 2018 in collaboration with Ghandhara Nissan, [8] [9] and collaborated with new partner Al-Futtaim Group of United Arab Emirates (UAE) but shelved the project later on. [10] [11]
According to the policy, 100,000 cars and 500,000 bikes and rickshaws will be converted to EVs in the next four years, and more than 3,000 compressed natural gas stations that have been closed due to gas shortages will be converted to EV charging stations. Pakistan is also planning to set up special units for electric car manufacturing in the ...