Business
EVs face grid, land, trust deficits | The Express Tribune
KARACHI:
Pakistan’s EV push has gained momentum as two firms announced plans to install 500 charging stations nationwide within two years, underscoring both ambition and structural challenges. The move comes amid energy constraints, but the rapid rise of rooftop solar offers a viable pathway to integrate EV infrastructure into a more resilient energy ecosystem.
At present, Pakistan has an estimated 30 to 50 public EV charging stations, a figure that pales in comparison to the government’s target of 3,000 stations by 2030 under the National Electric Vehicle Policy 20252030. Bridging this gap, industry experts say, is not simply a matter of scaling numbers but addressing deep-rooted issues in power infrastructure, land access, and consumer confidence.
“The gap between 50 and 3,000 stations isn’t just a numbers problem, it’s a grid problem, a land problem, and a trust problem,” said Talha Khan, CEO of ORKO. He noted that fast-charging stations require a reliable three-phase electricity supply, which is often unavailable in areas where demand for EV infrastructure is expected to grow.
According to Khan, public-private partnerships (PPPs) offer the only viable pathway to scale. In such a model, the government would facilitate right-of-way access, streamline coordination with power utilities, and ensure policy continuity, while private firms bring in technology, capital, and operational expertise.
The newly announced collaboration between Solcraft, a renewable energy solutions provider, and ORKO, an AI-powered EV and fleet management platform, aims to address these gaps. The partnership will combine Solcraft’s infrastructure deployment capabilities with ORKO’s software-driven platform to offer integrated solutions spanning EV charging, fleet automation, and real-time fuel analytics.
The companies plan to install 500 chargers over a two-year period, focusing on both urban centres and key intercity corridors. The initiative is expected to serve a wide client base, including oil marketing companies (OMCs), logistics operators, automotive manufacturers, and public-sector entities.
Industry stakeholders view the partnership as timely, given the policy push to electrify transport and digitise the oil and gas supply chain. The EV policy targets 30% EV penetration in new vehicle sales by 2030, with a particular focus on two- and three-wheelers, which dominate Pakistan’s transport mix.
However, experts caution that financial incentives alone will not be sufficient to drive adoption.
“Subsidies lower the entry price, but they don’t fix range anxiety, charging access, or consumer trust,” said Zeeshan Ansari, CEO of Solcraft. “The missing piece is infrastructure confidence. A buyer will choose an EV when they know a working charger is within reach, not just on a government map.”
He emphasised the need for mandatory EV charging provisions in commercial real estate, conversion targets for fuel stations, and adoption of interoperable charging standards such as Open Charge Point Protocol (OCPP), ensuring compatibility across networks and vendors. Pakistan’s rapid expansion in rooftop solar installations, driven by high grid tariffs and frequent outages, presents another critical lever for the EV transition. Analysts argue that decentralised energy generation could help bypass grid constraints and improve the reliability of charging networks.
“Pakistan is generating solar power on rooftops faster than it can build grid infrastructure; that’s actually an opportunity hiding inside a crisis,” said Wahab Hussain Khan, COO of Solcraft. He added that integrating solar with EV charging creates a “micro-energy ecosystem” where vehicles can be charged during peak generation hours, reducing reliance on diesel generators and improving uptime.
Such solar-integrated charging solutions are particularly relevant in regions where grid reliability falls below 80%, making them not just environmentally sustainable but commercially viable for operators.
Beyond passenger vehicles, the electrification of commercial fleets is emerging as a high-impact opportunity. With predictable daily mileage and centralised operations, logistics and delivery fleets offer a clearer business case compared to individual consumers.
“Commercial fleets are the highest-leverage bet in Pakistan’s EV transition,” Khan said, adding that total cost of ownership (TCO) remains poorly understood among fleet operators. “They are still comparing sticker prices, not fuel savings over five years.”
According to ORKO’s internal data, fleet operators switching to EVs can recover their initial investment within 12 to 18 months, provided they have access to financing, maintenance networks, and performance data through telematics systems.
Looking ahead to 2030, industry leaders argue that Pakistan must focus on a few achievable but critical milestones to ensure EV adoption reaches scale. These include building at least 500 interoperable fast-charging points along major transport corridors, establishing domestic battery assembly capacity, and ensuring that EVs become cost-competitive with internal combustion engine (ICE) vehicles within a three-year ownership horizon, without reliance on subsidies.
Business
Joni Lamb, Whose Christian TV Station Went Global, Dies at 65
Joni Lamb, the president of Daystar Television Network, a televangelism broadcaster she founded with her husband, Marcus Lamb, turning their family into stars of Christian entertainment, died on Thursday. She was 65.
In an announcement posted on Daystar’s website, the company described the cause as “serious health matters” exacerbated by a recent back injury. It did not say where she died.
On a trip to Jerusalem in 1983, shortly after the couple married, Mr. Lamb visited the Mount of Olives and felt God telling him to move to Montgomery, Ala., and start a Christian TV station. He and Ms. Lamb poured their energy and modest finances into the effort and began appearing on the air two years later.
By the time they founded Daystar — in Texas in 1997 — they were experienced entrepreneurs and performers. After just a few years, they owned 24 stations around the country. By 2010, they had become the second-largest Christian broadcaster, after Trinity Broadcasting Network, and were reaching more than 200 countries, The Dallas Morning News reported.
Compared with other televangelists, the Lambs “are younger and come across as more ordinary folks,” David Clark, the president of a rival Christian broadcaster, told The Fort Worth Star-Telegram in 2001. “They come across as being sincere.”
Mr. Clark added: “Marc is sharp, and his wife, Joni, is a big asset.”
The Lambs frequently appeared on their own network in a talk show format, discussing the pleasures and challenges of domestic life in a Christian idiom. Ms. Lamb, who liked to break into song, was Daystar’s leading talk show host, over the decades moderating shows like “Taking a Break With Joni” and “Joni Table Talk.” She would often be surrounded by other female regulars, putting questions to a male guest who had wisdom to impart.
The prominent pastor Jentezen Franklin visited earlier this year, for example, to discuss his new book, “The Power of Short Prayers.” The conversation slipped easily into evangelism.
“For someone watching right now: You’ve been listening; God’s opened your heart,” Ms. Lamb said. “In fact, your heart’s already been opened for some time, as you’ve been looking, searching, and you tried everything else. Always say, ‘Why don’t you try Jesus?’ A simple prayer: That will change your life for eternity.”
During the episode she was flanked, as she often was, by her two daughters, Rachel Lamb Brown and Rebecca Lamb Weiss, and referred to her husband by his first name, as if the viewers at home were family friends.
In 2021, Mr. Lamb died, at 64, of Covid-19, after having frequently suggested that people should pray instead of getting vaccinated. Ms. Lamb announced his death on air.
The travails of the Lamb family were often incorporated into the station’s programming. In 2010, Mr. Lamb admitted on live TV to an extramarital affair and described an attempt to extort millions of dollars in blackmail.
“Christian TV took a soap opera turn,” The Dallas Morning News wrote of the episode.
In 2020, Daystar returned a $3.9 million Paycheck Protection Program loan after the CBS program “Inside Edition” investigated the company’s purchase of a Gulfstream jet used by the Lamb family for beach and golf trips.
Four years later, a panel of Ms. Lamb’s talk show regulars questioned her on air about an accusation by her son, Jonathan, that there had been a coverup of a family member’s sexual molestation of his infant daughter. Ms. Lamb denied that any abuse had occurred, and after an investigation, no charges were filed.
Joni Lynn Trammell was born on July 19, 1960, in Greenville, S.C., where she grew up. Her father, Billy Frank Trammell, worked for a local refrigeration and heating company and would evangelize with friends he made playing basketball. Her mother, Sandra (Hudson) Trammell, competed in the Miss Greenville beauty pageant.
The Lambs met at a Greenville church in 1980, when Mr. Lamb, a traveling Pentecostal preacher, was visiting. They married in 1982.
Their early investments in TV stations came fortuitously, at a time of deregulation that The Star-Telegram would describe as “market bottom.” They later made money buying and selling small broadcast towers, and selling airtime to ministries and churches.
In 2023, Ms. Lamb married Doug Weiss, a sex therapist who became a co-host on Daystar. He survives her; other survivors include her three children and several grandchildren.
On air earlier this year, Ms. Lamb told viewers that the Christian faith guaranteed a posthumous reward.
“When you pray that prayer, and you receive Jesus, he forgives your sins,” she said. “When you die, you’re going to heaven.”
Business
US consumer price inflation hits 3.8% in April, highest in nearly 3 years as Iran war fuels energy costs – The Times of India
US inflation rose in April to 3.8 per cent as surging fuel costs amid the ongoing Iran-US conflict drove up consumer prices, hitting a three-year high complicating the Federal Reserve’s path on interest rates.Data released by the Labor Department on Tuesday showed the Consumer Price Index (CPI) increased 0.6 per cent in April after a 0.9 per cent jump in March, the biggest monthly rise since June 2022. On an annual basis, inflation accelerated to 3.8 per cent, marking the highest year-on-year increase, since May 2023.Petrol prices in the US are now more than 28 per cent higher than a year ago, according to official data. AAA estimates show average gasoline prices have crossed $4.50 per gallon, roughly 44 per cent above year-ago levels, squeezing household budgets and raising concerns about broader economic fallout.The spike in energy prices follows the escalation of hostilities between the US, Israel and Iran earlier this year. Markets were rattled after Tehran blocked access through the Strait of Hormuz — a critical global energy route that handles nearly one-fifth of the world’s oil and liquefied natural gas supplies.Core inflation, which excludes food and energy prices, remained relatively contained. Core CPI rose 0.4 per cent month-on-month and 2.8 per cent annually, suggesting that higher fuel costs have not yet fully spread across the wider economy.Food prices also edged higher in April. Grocery costs rose 0.7 per cent from March, led by increases in meat prices after a slight decline in the previous month.The latest inflation reading adds to uncertainty for the Federal Reserve, which had earlier been expected to begin cutting interest rates in 2026. Policymakers are now signalling caution amid fears that prolonged geopolitical tensions and elevated oil prices could trigger another wave of inflation.US President Donald Trump has repeatedly criticised the Fed for not lowering borrowing costs faster to support economic growth. Attention is now turning to Kevin Warsh, Trump’s nominee to succeed outgoing Federal Reserve Chair Jerome Powell, whose Senate confirmation is expected this week.Higher fuel costs are also beginning to weigh on corporate America. Appliance maker Whirlpool Corporation said last week that quarterly revenue fell nearly 10 per cent, warning that the war-driven economic slowdown had severely dented consumer confidence.
Business
EBay rejects £41.4 billion GameStop takeover offer
EBay has turned down a 56 billion US dollar (£41.4 billion) takeover move from GameStop, labelling the proposal as “neither credible or attractive”.
GameStop boss Ryan Cohen launched an unsolicited offer of 125 dollars (£92.40) per share – half in cash and half in GameStop stock – to eBay shareholders last week.
However, the online marketplace’s board confirmed on Tuesday that it had now rejected the move.
In a letter, eBay chairman Paul Pressler said it reviewed the offer but believes that eBay is a “strong, resilient business”.
He added: “We have sharpened our strategic focus, strengthened execution, enhanced our marketplace and seller experience, and consistently returned capital to shareholders.
“With its differentiated global marketplace and a clear strategy, eBay’s board is confident that the company, under its current management team, is well-positioned to continue to drive sustainable growth, execute with discipline, and deliver long-term value for our shareholders.”
GameStop, which runs around 1,600 shops around the US, said it started accumulating eBay shares earlier this year and currently has a 5% stake.
Mr Cohen had previously indicated he would take his proposal directly to eBay shareholders if the company’s board rejected the deal.
-
Politics1 week agoIran weighs US reply delivered via Pakistan as Trump signals opposition to deal terms
-
Tech1 week agoDHS Demanded Google Surrender Data on Canadian’s Activity, Location Over Anti-ICE Posts
-
Business1 week agoHeineken to invest £44.5m in hundreds of pubs creating 850 jobs
-
Entertainment1 week agoJelly Roll reacts to daughter Bailee Ann’s major life milestone
-
Business1 week agoHeineken plans huge investment in hundreds of UK pubs ahead of World Cup
-
Tech4 days agoA new frontier: Identity stack evolves for agentic systems | Computer Weekly
-
Tech4 days ago‘Orbs,’ ‘Saucers,’ and ‘Flashes’ on the Moon: Pentagon Drops New UFO Files
-
Tech5 days agoWhat Microsoft Executives Really Thought About OpenAI in 2018
