China overtakes Japan as Australia's largest vehicle supplier
China has overtaken Japan as Australia's largest source of imported vehicles, driven by rising shipments from automakers such as BYD and growing demand for electric and hybrid cars.
"IMPORTED" · 총 67건
필터 보기현재 지수
50.3
0 = 부정 우세
50 = 중립
100 = 긍정 우세
최근 7일 기준 82,455건을 분석한 결과, 뉴스 심리지수는 50.3(균형)입니다. 긍정 4,183건(5.1%)·중립 76,224건(92.4%)·부정 2,048건(2.5%)이며, 중립 비중이 뚜렷하게 높습니다. 성향 지수는 종합 14.8(중도 균형)입니다.
China has overtaken Japan as Australia's largest source of imported vehicles, driven by rising shipments from automakers such as BYD and growing demand for electric and hybrid cars.
India is launching on Friday a new fuel blend with an 85% ethanol component as part of the fuel flex mobility program of the world's third-largest crude importer to reduce dependence on imported oil. The E85 fuel was officially launched at a ceremony in New Delhi in the presence of India's Minister of Petroleum and Natural Gas, Hardeep Singh Puri. On Thursday, Puri launched India's first flex-fuel passenger vehicle by Maruti Suzuki in New Delhi. Flex-fuel vehicles can operate on a range of ethanol–petrol blends, from E20 up to E100. India…
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Shares of Hero MotoCorp gained 3% to their day’s high of Rs 4,980 on the BSE on Thursday after the company unveiled its first flex-fuel motorcycles, marking its entry into a segment aimed at supporting India's transition towards cleaner and more sustainable mobility solutions.The country's largest two-wheeler manufacturer launched flex-fuel versions of its flagship Splendor+ and HF Deluxe motorcycles, making them India's first flex-fuel motorcycles in the 100cc category. The motorcycles are compatible with ethanol-blended fuels ranging from E20 to E85 and are designed for everyday commuting without compromising on performance or affordability.Hero MotoCorp said the new range is aimed at reducing the carbon footprint of daily transportation while aligning with India's goal of lowering economic carbon intensity by 45% by 2030.The motorcycles were unveiled in New Delhi ahead of World Environment Day in the presence of Union Minister for Road Transport and Highways Nitin Gadkari, Union Minister for Petroleum and Natural Gas Hardeep Singh Puri and Hero MotoCorp Chief Executive Officer Harshavardhan Chitale.Speaking at the event, Gadkari said the introduction of flex-fuel motorcycles in the mass-market segment would support ethanol adoption, help reduce crude oil imports, strengthen farmers' incomes and contribute to the government's vision of Atmanirbhar Bharat and Viksit Bharat.Puri said the launch represents another milestone in India's efforts to build a mobility ecosystem powered by cleaner and domestically produced fuels. He added that wider adoption of such vehicles could improve energy security, lower carbon emissions and reduce dependence on imported crude oil while strengthening the country's biofuels ecosystem.Chitale said the flex-fuel-ready Splendor+ and HF Deluxe were developed at the company's Centre for Innovation & Technology in Jaipur and reflect Hero MotoCorp's focus on future-ready and locally relevant technologies. He added that the motorcycles have minimal-to-no import content and reinforce India's manufacturing capabilities.Hero MotoCorp said the flex-fuel portfolio will be introduced in Delhi and select regions of Maharashtra in July 2026, followed by a nationwide rollout. The HF Deluxe Flex Fuel has been priced at Rs 72,792 (ex-showroom Delhi), while the Splendor+ Flex Fuel will be available at Rs 82,710 (ex-showroom Delhi).(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)
A cargo ship full of shipping containers is seen at the port of Oakland in Oakland, California, US on March 6, 2025. — ReutersExports drop deepens reliance on imported goods.May trade deficit narrows as imports decline, exports rise.Services exports growth trims deficit. ISLAMABAD:...
KARACHI: Representatives of exporters are confident that a proposal under consideration in Washington to impose 10 per cent additional duties on imports would not hurt Pakistan’s exports. The US Trade Representative (USTR) has proposed to the Trump administration to slap 10pc additional duties on imports from Pakistan, Canada, Bangladesh, Ecuador, Indonesia, Mexico, Argentina, Taiwan, Britain and the European Union. Exporters said the buyers in the US have to pay the duties making the Pakistani products costly after reaching the American market. Javed Bilwani, an exporter who is a former president of the Karachi Chamber of Commerce, said Pakistan was already facing 16.5pc tax on export of textile products to the US, while an additional 10pc duty was imposed after the US Supreme Court struck down the new tariff regime to change the world trade order. Importers in the United States had approached the Supreme Court against President Trump’s new tariff regime, which jolted the global market since the tariffs on imports were too high. The top US court struck down the regime in February, but President Trump again imposed a 10pc additional duty on many countries, including Pakistan. “Our products are already facing 26.5 per cent total duties in the United States. This makes our products costly in the US market,” Bilwani said. Costly products Pakistani products are already costlier than those from other countries in the region due to higher energy prices, higher interest rate and higher prices of imported constituents required for exports. “Since the 10pc additional duty would end on July 24, the US government wants to continue it by reimposing it,” he said. Data shows that the balance of trade with the US is in favour of Pakistan. However, for the last three years imports from the US have started rising, while exports saw only a marginal improvement in FY25. The State Bank’s data shows exports to the USA during July-April FY26 were $5.124 billion, compared to $5bn during the same period of the previous year. Exports rose to $6.03bn in FY25 from $5.44bn in FY24. Imports from the United States were less than fifty per cent of exports during this period for the last three years. During the July-April FY26 period, exports totalled $2.54bn, against $1.9bn during the same period of last fiscal year. In FY25, total imports were $2.35bn and $1.875bn in FY24. “If the 10pc additional duty is not reimposed at the end of this month, Pakistani products would get the benefit of price differential in the US market,” said Amir Aziz, a textile exporter. He said if the 10pc duty continues in future, the situation would hurt Pakistan since “our products are already the costliest in the region as competitors in other countries have the advantage of lower cost of production”. Published in Dawn, June 4th, 2026
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ISLAMABAD: The state-owned Oil and Gas Development Company Limited (OGDCL) on Wednesday said it made a significant oil and gas discovery from its exploratory well Bobi Deep-1, located in Sindh’s Sanghar district. The company is the country’s largest oil and gas producer and, in April this year, began commercial production from Pakistan’s largest-ever oil and gas discovery from a single well. In a statement issued today, OGDCL said the well successfully tested the Massive Sand interval of the Lower Goru Formation and produced 2,000 barrels of oil per day (bpd) and 1.1 million standard cubic feet of gas per day (mmscfd) through a cased-hole Drill Stem Test (DST), confirming the hydrocarbon potential of the reservoir. A Drill Stem Test (DST) is a temporary well-completion procedure used in oil and gas exploration to assess the pressure, permeability and production potential of a geological formation. It helps determine whether a well has encountered a commercially viable reservoir without the need for costly permanent casing. “The achievement marks a major milestone for OGDCL as the first hydrocarbon discovery from the Massive Sand play within the Bobi and Dhamraki Mining Lease,” the company stated. “Beyond the discovery itself, the success has opened a new exploration window in the area, de-risking similar prospects in the surrounding region and creating opportunities for future reserve additions and resource growth,” said the oil company. The discovery is particularly significant because the project had previously encountered complex subsurface challenges that led to the suspension of drilling operations. “Rather than abandoning the prospect, OGDCL relied on indigenous expertise and adopted an innovative approach to address the issue,” it said. A multidisciplinary team of geoscientists and engineers collaborated with the Centre for Pure and Applied Geology at the University of Sindh, Jamshoro, to investigate the formation through advanced geophysical surveys, subsurface studies and field evaluations. The joint effort led to the development of a comprehensive geological and geophysical model, enabling OGDC to de-risk the prospect and resume operations. Multiple engineering safeguards, specialised civil works and extensive technical evaluations were carried out before the drilling rig was redeployed and the target depth successfully reached. “The exploratory well Bobi Deep-1 success story stands as a testament to indigenous innovation, technical excellence and industry-academia collaboration. It demonstrates how local expertise can successfully resolve complex operational challenges and unlock new hydrocarbon resources for the country,” the company said. “The discovery is expected to contribute towards enhancing Pakistan’s indigenous oil and gas production, strengthening national energy security, reducing reliance on imported energy and augmenting the hydrocarbon reserves base of the country,” it concluded. Last April, OGDCL announced the successful revival of oil and gas production from Chak#2-2 well, a joint venture in the Sinjhoro Block in Sanghar. The Sinjhoro Block comprises OGDCL as the operator with a 62.5 per cent working interest, alongside Government Holdings (Pvt) Ltd (GHPL) with 22.5pc, and Orient Petroleum Inc. (OPI) holding a 15pc share.
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India is heavily reliant on imported crude and fuels, and the Iran war has led to surging energy prices that are squeezing state-run refiners and weighing on the broader economy.
• Economists see little room for growth under IMF programme • Economy stuck in low-growth equilibrium as consumers’ purchasing power erodes • Exports, energy costs, policy inconsistency remain major hurdles WITH the government preparing to roll out its third budget, the economy appears trapped between two competing imperatives: preserving fragile macroeconomic stability to avoid another balance-of-payments crisis and reviving growth to create jobs and alleviate poverty. While the government continues to flaunt stabilisation as an achievement in itself, a sense of “stabilisation fatigue” appears to have settled in among businesses and households. The fatigue stems from a simple reality: Pakistan has spent much of the last three years managing crises rather than building sustainable growth drivers. No wonder the economy remains stuck in repeated cycles of adjustment and a low-growth equilibrium — stable enough to avoid collapse, but too weak to generate prosperity. The IMF-mandated adjustment policies — tight monetary policy, fiscal contraction, demand compression, import controls, and energy price hikes — have helped restore external stability, narrow the twin deficits, moderate inflation, and bring back some semblance of macroeconomic order. But the social and economic costs of prolonged stabilisation are now more visible than its benefits. Industries continue to operate below capacity, businesses remain hesitant to invest and consumers continue to struggle with eroded purchasing power. For most Pakistanis, the lived economy remains far harsher than the official narrative of recovery suggests. Several deep-rooted weaknesses continue to obstruct any transition towards sustainable growth. Exports remain weak, energy costs and inefficiencies continue to undermine industrial competitiveness, policy inconsistency deters investment and high interest rates have compressed private-sector activity. A large portion of government revenues is absorbed by debt servicing, defence spending and subsidies, leaving limited fiscal space for development, relief and industrial support. The upcoming budget is unlikely to break the economy away from this path of austerity. Growth prospects offer little comfort. Some analysts believe GDP growth in FY27 could remain closer to 3-3.5pc if crude oil prices stay elevated amid prolonged Middle East tensions, well below the government’s target of 4.1pc. Average growth over the last three years has remained below 2pc. The budget will almost certainly be framed within the IMF’s Extended Fund Facility, analysts at Topline and JS Global, two Karachi-based brokerage firms, wrote in their pre-budget analyses. They said the government would target a fourth consecutive primary surplus, push for stronger revenue mobilisation and pursue fiscal restraint. Little room for growth Development economist Naved Hamid sees little room for growth under the IMF programme. “We don’t really have any room. This budget will be an austerity budget like before,” he said. Economist Waqar Wadho is also not hopeful about the economy moving out of its low-growth mode. “The biggest issue remains structural problems. They are exactly where they were before. Even targeting 3-5pc growth would be a marginal change, not a major shift,” he said. He said growth would remain elusive because it was not the IMF’s mandate. “The IMF’s mandate is stabilising external balance. Under an IMF programme, growth-oriented policy is simply not possible,” he said. The constraints facing growth are serious. The revenue target for next year, for example, has been upgraded by the IMF to quantitative performance criteria, a binding commitment rather than a soft benchmark. This further tightens the screws around the government after repeated failures to meet targets. Pakistan Banks Association Chairman Zafar Masud said the problem lay deeper than collection shortfalls. “The centre of gravity of our economic problems is unsustainable government finance,” he said. “The issue is not the scale of government spending per se. The issue is the weakness of revenue generation, cross-subsidy and its leakages and fiscal efficiency. The FY27 budget is an opportunity to break Pakistan’s recurring low-growth, high-debt equilibrium.” This raises the uncomfortable question: stabilisation for what? Mr Masud believes growth is possible even under the IMF programme. “The IMF programme buys stability, not growth. Stability is necessary, but growth is what ultimately reduces poverty and improves living standards. It’s the micro-economic interventions which can bring the necessary growth. With limited fiscal space, leveraging private-sector funding becomes a game-changer for achieving the economic multiplier,” he said. Mr Hamid agreed that some room existed for improvement, but he sounded less optimistic. “Yes, there is some room to improve even under the IMF programme. But whether you look at private-sector investment, early indicators or any visible government strategy, I do not see anything big or substantial happening,” he said. The recently released Shadow Economic Survey 2026-27, published by an Islamabad-based think tank financed by a business lobby, acknowledged that stabilisation was necessary. However, it warned that stabilisation was defensive economics; it may prevent collapse, but it does not automatically generate growth, jobs, investment or prosperity. Many business leaders say it is unfortunate that economic success is now measured through reserve accumulation, current account balances and IMF review completions. Managing immediate crises appears to have taken precedence over pursuing a growth agenda. This may reassure lenders and financial markets, but it cannot satisfy a population facing declining real incomes and disappearing jobs. Mr Masud described the current economic predicament as a failure of policy design. “Pakistan’s recurring balance-of-payments crises are downstream symptoms of unresolved structural fiscal distortions — distortions that have been patched in the past rather than fixed,” he said. Beyond stabilisation Pakistan’s growth predicament stems from an economic model dependent on imports and external financing. Historically, whenever growth accelerates beyond a modest threshold, imports surge because the domestic industry relies heavily on imported machinery and inputs, while exports fail to keep pace. The current account deficit widens, foreign exchange reserves come under pressure and the country eventually returns to the IMF for another bailout. The deeper structural weaknesses remain unresolved. Aware of public pressure, the government is reportedly considering limited relief measures for salaried classes and compliant businesses despite fiscal constraints. These concessions, however modest, could create an additional revenue gap. Mr Wadho is sceptical that any meaningful relief will materialise. “They are unable to broaden the tax base, so there will be pressure. For public optics, they may trim a few headline items here and there. But then they will squeeze people indirectly, say, in the form of an even higher petroleum levy, and everyone will feel that,” he said. Mr Masud argued that Pakistan should widen the tax base rather than continue raising tax rates. “Tax-base expansion without punitive rates should be one of the defining objectives of the coming budget. Sustainable deficit reduction requires stronger revenue generation and lower leakages, not higher tax rates,” he said. Business leaders argue that the IMF programme can provide temporary stability and policy discipline, but it cannot substitute for a long-term national growth strategy based on reforms. “Confidence cannot be restored through macroeconomic management alone,” a textile exporter said, adding that public belief had weakened that economic sacrifices today would eventually lead to tangible improvements in living standards. Economists say Pakistan does not need another stabilisation budget dressed in the language of reform. It needs a redesign of its growth model: from consumption-driven, import-financed expansion to export-oriented, productivity-led growth. Such a transformation requires reforms that successive governments have continued to delay because they are politically costly and slow to yield visible rewards. The new budget will be judged not by whether it satisfies the IMF’s performance criteria, but by whether it offers any credible signal that Pakistan is finally charting a course beyond mere survival. As Wadho put it: “The choice before the budget makers is clear: reform, delay or another lost cycle.” Published in Dawn, June 3rd, 2026
MANILA, Philippines — Authorities seized over P35.4-million worth of smuggled onion and garlic during a recent operation inside a cold storage facility in Talavera, Nueva Ecija. The operation on the seizure of illegally imported products was conducted by the National Bureau of Investigation’s Special Action Unit (NBI-SAU), the Bureau of Customs (BOC), and the Philippine
President Trump on Monday adjusted tariffs on some aluminum, copper and steel imports. In a proclamation, the president lowered tariffs on some aluminum and steel derivative products, including agricultural equipment and certain heating, air conditioning and ventilation (HVAC) systems, from 25 percent to 15 percent. Trump initially imposed 25 percent tariffs on aluminum and steel...