Friday, May 6th, 2016
Suzuki ready to invest $460m in Pakistan if new auto policy revised
ISLAMABAD: Suzuki plans to invest $460 million into Pakistan if the government provides the right incentives and amends its new auto policy, the company said on Friday. Pakistan in March announced a new auto policy that favours potential new entrants over existing manufacturers by offering them lower duties, part of a strategy to attract foreign car makers and loosen the dominance of Suzuki, Toyota and Honda. The Pakistan Suzuki Motor Company, which assembles Suzuki cars for the local market, said it had concerns that the new auto policy may “damageRead More
Saudi policeman shot dead after Mecca raid: ministry
RIYADH: A Saudi police officer has been shot dead in the Mecca region, the interior ministry said on Friday, after four suspected jihadists died during a raid in the same area. Corporal Khalaf al-Harithi was on duty at a station in the western region on Thursday evening when he was hit by gunfire from an unknown source, the ministry said in a statement. An investigation is under way into the incident. It occurred several hours after officers shot dead two “terrorists” during an exchange of fire at their hideout betweenRead More