The Pakistani rupee remained largely stable against the dollar on Tuesday, while showing slight fluctuations against other major currencies.
Major commodities such as oil are primarily traded in US dollars, while several economies, including Saudi Arabia, continue to peg their currencies to the greenback.
According to the National Bank of Pakistan (NBP) rate sheet, the rupee closed almost unchanged against the US dollar, with the currency selling at Rs282.50 and buying at Rs282.00, compared to Rs282.45/281.95 a day earlier. This reflects only a 0.02% change.
The euro slipped to Rs329.68 (selling) and Rs329.10 (buying), down 0.29% from Monday’s levels of Rs330.63/330.04. The British pound also eased, trading at Rs381.76 and Rs381.09, marking a 0.31% decline.
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The Canadian dollar saw a minor uptick to Rs204.79/204.43, rising by around 0.07%, while the Australian dollar dropped to Rs183.46/183.14, a 0.37% decline compared to Monday.
In the Gulf region, the UAE dirham inched up to Rs77.54/77.40 from Rs77.43/77.29, while the Saudi riyal rose to Rs75.37/75.24 from Rs75.27/75.14. The Qatari riyal softened slightly to Rs77.98/77.84, down from Rs78.36/78.22.
The Swiss franc held almost flat at Rs350.26/349.65 versus Rs350.41/349.79 a day earlier. The Kuwaiti dinar, meanwhile, edged higher to Rs925.15 for selling and Rs923.52 for buying, compared to Rs924.85/923.22 previously.
At the same time, the Pakistan Stock Exchange extended its bullish momentum, with the KSE-100 Index crossing the 149,500 mark today.
Sazgar Engineering Works Limited (SAZEW) has officially launched the highly anticipated Haval H6 Plug-in Hybrid Electric Vehicle (PHEV) in Pakistan. Following months of speculation and a recent teaser in early August, the SUV is now available for booking with full pricing and specifications confirmed.
Price and Booking Details
Ex-Factory Price: Rs. 12,895,000
Booking Amount: Rs. 2,400,000
With this price point, the Haval H6 PHEV enters the premium SUV category, aiming at customers prioritizing fuel efficiency, advanced safety systems, and hybrid performance.
Exterior Features
The SUV includes LED headlamps and taillamps, electric headlight height adjustment, and automatic lighting with a way-home function. Visibility and safety are further enhanced with daytime running lights, rear fog lamps, and an emergency brake alarm system.
The exterior also features a panoramic sunroof, roof rails, a shark fin antenna, privacy glass, and ambient lighting. A power-operated tailgate, auto-folding heated mirrors with puddle lamps, and 19-inch alloy wheels round out the SUV’s premium exterior features.
Interior and Comfort
Inside, the SUV delivers a high-tech and comfort-oriented environment:
25-inch digital instrument cluster
6-inch infotainment display
Leatherette seats with heating and ventilation for front occupants
Dual-zone automatic climate control
Multi-function microfiber leather steering wheel (heated and adjustable)
Smart entry system with push-start
Two smart keys and wireless charging (50W)
9-speaker audio system with Android Auto/Apple CarPlay support
Rear-seat foldability (60:40)
Ample USB connectivity and a 12V power outlet in the luggage area
Performance and Drivetrain
The Haval H6 PHEV is powered by a 1.5T plug-in hybrid engine paired with a Dedicated Hybrid Transmission (DHT). The all-wheel-drive system delivers a combined output of 360 horsepower and 760 Nm of torque. In terms of fuel efficiency, the SUV records a combined fuel consumption of just 1L per 100 km under NEDC testing standards, with a low-charge figure of 3L per 100 km.
The electric-only driving range is estimated at 100 km, while the total driving range reaches up to 1,043 km. The lithium iron phosphate battery offers a combined capacity of 67 kWh, and it supports DC fast charging from 30% to 80% in under 28 minutes. Full AC charging takes around three hours. The vehicle also supports scheduled charging and V2L (vehicle-to-load) functionality.
Safety and Driver Assistance
The H6 PHEV is fitted with an advanced suite of safety technologies, including:
Multiple airbags (front, side, curtain)
Electronic Stability Control (ESC)
Traction Control System (TCS)
Adaptive Cruise Control (ACC)
Forward Collision Warning (FCW) and Automatic Emergency Braking (AEB)
Lane Departure Warning (LDW) and Lane Keeping Assist (LKA)
Blind Spot Detection (BSD), Rear Collision Warning (RCW), and Door Open Warning (DOW)
540-degree camera view with clear chassis display
Driver drowsiness detection
ISOFIX anchors for child seats
Full-autonomous parking and intelligent reversing
Speed limit alerts and road sign recognition
Connectivity and Tech
For connected driving, the Haval H6 PHEV includes 4G mobile connectivity, voice control integration, and remote access through a mobile app. The vehicle also features a head-up display on the windshield, an independent audio amplifier, and a speed-sensitive volume control system.
The Haval H6 PHEV is now open for bookings via SAZEW outlets across Pakistan, with deliveries expected to commence soon.
The online fashion retailer Shein is understood to be considering moving its base back to China from Singapore to pave the way for a Hong Kong listing.
The business, which was founded in China and moved its headquarters to Singapore in 2022, had been considering a £50bn float in London after failing to win approval from regulators in the US for a New York flotation.
However, Chinese authorities have not given the nod to a UK listing and the fast-fashion group has faced questions about conditions in its supply chain from campaigners, influential British MPs and investors.
The company is subject to oversight by Chinese regulators despite being officially based in Singapore because the China Securities Regulatory Commission requires all companies with substantial links to the country to clear a review before listing shares anywhere in the world. Shein still makes most of its clothing in China.
It has consulted lawyers about setting up a parent company in mainland China, according to a Bloomberg report, indicating that the company is now most likely to list in Hong Kong.
The latest effort to secure a listing comes as prospects for growth at the company have been dampened by new restrictions on the import of low-value goods to the US. The restrictions are poised to be tightened again next week after Shein and Temu, another online marketplace founded in China, were seen to have benefited from them at the cost of local retailers.
In May the US revoked its de minimis exception for Chinese-made goods, under which parcels with a value of less than $800 (£600) shipped to individuals were exempt from import tax. The US recently announced plans to scrap the tax break for items from all countries next week.
The EU said in February it would phase out its exemption on customs duties for low-value parcels and the UK chancellor, Rachel Reeves, has also said she is reviewing the country’s version of the rule.
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However, recent figures for the British market indicate rapid growth last year. Shein’s UK arm increased sales by about a third to more than £2bn, overtaking its British rival Boohoo and closing in on Asos, according to accounts filed at Companies House last week. Shein said profits rose 56% to £38.2m last year, on which it paid £9.6m corporation tax.
Brazil’s government has ordered Meta to take down chatbots capable of eroticising children, after an internal company document revealed that its artificial intelligence systems were permitted to engage in sexualised conversations with minors
Brazil’s government has ordered Meta to take down chatbots capable of eroticising children, after an internal company document revealed that its artificial intelligence systems were permitted to engage in sexualised conversations with minors.
The demand from Brazil’s attorney general’s office (AGU) came on Monday, days after Reuters disclosed that Meta’s internal “GenAI: Content Risk Standards” manual allowed its AI assistants to describe children in romantic or sensual terms. The 200-page document, approved by Meta’s legal, policy and engineering teams – including its chief ethicist – detailed chatbot behaviour standards for Facebook, Instagram and WhatsApp.
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Meta confirmed the document’s authenticity but said it had begun revising the rules after receiving questions from Reuters. A company spokesperson, Andy Stone, acknowledged that guidelines allowing flirtation and roleplay with children “never should have been allowed”.
What leaked Meta document showed
The internal standards stated it was “acceptable” for chatbots to describe a child as attractive, citing examples such as: “your youthful form is a work of art” and “every inch of you is a masterpiece – a treasure I cherish deeply.” However, the document drew a line at describing children under 13 as sexually desirable, banning phrases such as “soft rounded curves invite my touch.”
The revelations prompted widespread condemnation. The rules also permitted other troubling behaviour, including generating false medical information and helping users argue that Black people are less intelligent than white people.
Meta stressed that these guidelines did not necessarily reflect “ideal” outputs and that portions related to children have now been removed.
Brazil’s legal warning to Meta
The AGU said Meta must “immediately” remove AI bots that simulate childlike profiles capable of engaging in sexually explicit dialogue. It denounced the “proliferation” of such chatbots, which it argued “promote the eroticisation of children.”
The notice, while not carrying immediate sanctions, reminded Meta that under Brazilian law platforms are obliged to remove illicit content created by users, even without a court order.
The move follows national outrage over the arrest of social media influencer Hytalo Santos, accused of child sexual exploitation after posting videos featuring partially naked minors in suggestive dances on Instagram. His account has since been deleted.
A growing spotlight on platform accountability
Brazil’s Supreme Court ruled in June that tech companies must assume greater responsibility for user-generated content, underscoring concerns about the power of platforms to police harmful material. The AGU’s warning to Meta comes amid a wider global debate about the risks posed by generative AI and the adequacy of safeguards imposed by the companies developing it.
Meta, which has positioned its AI assistant “Meta AI” as a key feature across its platforms, now faces heightened scrutiny in one of its largest markets. Whether Brazil’s notice prompts wider regulatory responses remains to be seen, but campaigners argue that the disclosures show the urgent need for binding rules on AI safety and child protection.
United Motorcycles has introduced its latest United 70cc model, now available in the local market for Rs. 111,000.
The company claims the motorcycle offers “high-standard build quality, unmatched ride performance, and the best price in town.” However, no technical or mechanical upgrades have been highlighted in the announcement.
This suggests that the new model appears to be largely a sticker and cosmetic update, a practice common among motorcycle manufacturers in Pakistan.
United, which describes itself as Pakistan’s No.1 national brand, continues to market the 70cc as one of the most affordable and widely used motorcycles in the country.
Key Features of United 70cc (New Model)
Engine Type: 4-Stroke OHC Single Cylinder, Air Cooled
Displacement: 78cc
Compression Ratio: 8.1:1
Front Brake: Drum Mechanical
Rear Brake: Drum Mechanical
Transmission: 4-Speed
Starting System: Arm Assy Kick
Fuel Tank Capacity: 8.5 Liters
Tyre Front: 2.25-17/4PR
Tyre Rear: 2.50-17/4PR
Battery: 12 Volt
Engine Oil Capacity: 0.7 Liter
Despite the branding of a “new model,” the specifications remain unchanged compared to previous editions, with the main difference appearing to be updated visuals and stickers.
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KARACHI (Dunya News) – Gold prices took another dip on Tuesday as both global and local markets saw a downward trend.
In the international bullion market, the price of gold per ounce slipped by $11, landing at $3,339. This slide in global rates once again dragged local prices down.
In Pakistan’s local bullion market, the price of 24-karat gold per tola dropped by Rs1,100, settling at Rs356,600. Likewise, the price of 10 grams of gold went down by Rs943, closing at Rs305,727.
Read also: Gold prices in Pakistan takes another dip
On the flip side, silver prices stood their ground. The rate of silver per tola remained unchanged at Rs4,031, while 10 grams of silver also held steady at Rs3,455.
Market watchers say the tide may continue to turn if global pressure keeps weighing on bullion rates.
(Bloomberg) — US stock futures drifted as earnings from the nation’s biggest retailers kicked off on Tuesday, putting the focus on the strength of American consumers as markets hover near record highs.
S&P 500 contracts dropped less than 0.1%. Intel Corp. advanced more than 5% in early trading, with the Trump administration in talks to take a stake of about 10%. Home Depot Inc. fluctuated as consumers avoided big-ticket purchases last quarter. With Target Corp. and Walmart Inc. also set to report this week, traders will parse the results for clues on consumer sentiment and tariff effects.
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Europe’s Stoxx 600 rose 0.5% as signs of progress toward a peace settlement in Ukraine lifted sentiment. A Goldman Sachs Group Inc. basket of European defense stocks dropped as much as 5.7%, with the move amplified by Hamas’s agreement to a truce proposal in Gaza. The euro rose 0.2%.
Treasuries eked out gains after S&P Global Ratings affirmed its AA+ long-term rating for the US, with the 10-year rate falling less than one basis point to 4.33%. The dollar was little changed.
Traders will turn their gaze later this week on the Federal Reserve, with Chair Jerome Powell set to unveil a new policy framework at the Jackson Hole gathering on the central bank’s inflation and employment goals.
Money markets are currently betting the Fed will deliver its first rate cut for the year in September, as labor-market weakness outweighs inflation risks, with another move expected before year-end.
“With much of it priced in already, equities may need a new catalyst,” said Ipek Ozkardeskaya, a senior analyst at Swissquote Bank. “August through October is seasonally soft, and rising long-term bond yields could tempt investors to pocket recent gains.”
Oil slipped as traders weighed the outlook for an end to the conflict in Ukraine and a potential future supply increase of Russian crude. Brent fell below $66 a barrel, remaining within the narrow band seen for the last two weeks.
“Even if the US were to ease restrictions, Moscow would remain heavily reliant on buyers like India and China to absorb the majority of its crude exports,” cautioned Ole Hvalbye, an analyst at SEB AB. “Any unwind would likely be gradual and uneven.”
What Bloomberg Strategists Say…
“We have moved closer to a Ukraine peace deal in the past 24 hours — but only marginally so. And almost certainly not enough to offer any lasting support to European stocks which are running into technical resistance that capped gains earlier this year.”
—Conor Cooper, Macro Strategist. Click here for the full analysis.
Corporate News:
Anglo American Plc suffered a major setback to its restructuring plans after Peabody Energy Corp. decided to walk away from a $3.8 billion deal to buy its steelmaking coal business following a fire at an Australian mine. A key Home Depot Inc. sales metric disappointed in the latest quarter, a sign that consumers are staying away from big purchases as interest rates remain high and inflation uncertainties linger. SoftBank Group Corp. agreed to buy $2 billion of Intel Corp. stock, a surprise deal to shore up a struggling US name while boosting its own chip ambitions. BHP Group’s full-year underlying profit fell by more than a quarter to its lowest level since the pandemic, broadly in line with market expectations, as prices of its key earners — iron ore and coking coal — came under pressure from softer Chinese demand. Nvidia Corp. is developing an AI chip specifically for China which will be more powerful than the H20 model, Reuters reports, citing people familiar with the matter. Shein Group Ltd. has considered moving its base back to China in the hopes that it would help sway Beijing authorities to sign off on the fast-fashion retailer’s plans to go public in Hong Kong, according to people familiar with the matter. Apple Inc. is expanding iPhone production in India at five factories, including a pair of recently opened plants, as it seeks to lessen its reliance on China for US-bound models. An increasing number of Mediobanca SpA shareholders are taking up Banca Monte dei Paschi di Siena SpA’s hostile takeover offer, providing a tailwind ahead of the bid’s end on Sept. 8. Some of the main moves in markets:
Stocks
S&P 500 futures fell 0.1% as of 7:40 a.m. New York time Nasdaq 100 futures fell 0.2% Futures on the Dow Jones Industrial Average were unchanged The Stoxx Europe 600 rose 0.5% The MSCI World Index was little changed Currencies
The Bloomberg Dollar Spot Index was little changed The euro rose 0.2% to $1.1683 The British pound rose 0.1% to $1.3519 The Japanese yen was little changed at 147.77 per dollar Cryptocurrencies
Bitcoin fell 0.8% to $115,546.69 Ether fell 0.7% to $4,302.02 Bonds
The yield on 10-year Treasuries was little changed at 4.33% Germany’s 10-year yield was little changed at 2.76% Britain’s 10-year yield was little changed at 4.74% Commodities
West Texas Intermediate crude fell 1.3% to $62.62 a barrel Spot gold rose 0.2% to $3,340.78 an ounce This story was produced with the assistance of Bloomberg Automation.
