PIDE for increasing EVs production to 50pc by 2035 The Pakistan Institute of Development Economics (PIDE) building can be seen. — APP/File Islamabad:Technology transfer, global value chain integration, export oriented production and reducing upfront cost are priority areas identified by Pakistan Institute of Development Economics (PIDE) in its recommendations for the upcoming Electric Vehicle (EV) policy. googletag.cmd.push(function() { googletag.display('div-gpt-ad-1700472799616-0'); }); These insights are based on PIDE’s recently published two books on the automobile industry of Pakistan “Driving backwards: what is wrong with Pakistan’s automobile industry?” and “Wheels of change: tracing Pakistan’s automotive evolution through political economy and technology acquisition.” The Prime Minister of Pakistan in September 2024 had directed the government to present a new policy for accelerating EV manufacturing and increase user adoption across the country. In response to the Prime Minister’s call for a robust EV policy, PIDE presented its set of recommendations “Future on wheels” to support the development of an effective policy framework. PIDE recommends devising a long term policy for development of EV Industry in Pakistan with short term goals for 2030, medium term targets till 2035 and long term targets set to be achieved by 2040. These include 10% of all new 4-wheelers and 25% of all new 2/3 wheeler sales to be EVs by 2030, while increasing the shares of the former to 50% and latter to 75% by 2040. PIDE also recommends increasing production of EVs in Pakistan to produce 50% of all new 4 and 2/3 wheelers in Pakistan as EVs by 2035. The policy recommendations by PIDE emphasise integrating the country’s automobile industry into the global value chain of automobiles, EVs in particular. This is possible only when the custom duties on import of EV inputs are lowered while production of EVs and EV parts and components is increased manifolds to enhance exports. PIDE recommends targeting 10% of all EVs and 5% of auto parts produced to be exported by 2030 while 50% of all EVs and auto parts both produced in Pakistan must be exported by 2040. For this purpose, the government must take steps to facilitate joint ventures between existing automotive firms in Pakistan and foreign firms to enhance production of EVs, parts and components through Transfer of Technology and Capital Investment. G2G and G2B basis engagement must be carried out for attracting investment and manufacturing in Pakistan. The State Bank of Pakistan is also encouraged to devise a Green Financing Plan for provision of financing through commercial banks to support the growth of EVs and EV parts and components manufacturing in Pakistan, with keen focus on establishment of new or expansion of existing manufacturing facilities and setting up of charging facilities. Future on Wheels, PIDE’s policy viewpoint, emphasises that the adoption of EVs is not just an environmental imperative but also an economic opportunity. A well rounded and effective policy, building on the lessons learned from previous policies will set the stage for Pakistan to leapfrog into a sustainable future, said a statement.

Key Pimozide Tablet Market Driver 2024-2033: Rising Healthcare Expenditure

The quake that shook Noto's sake brewing traditionPNC Financial Services Group Inc. lowered its stake in The Cooper Companies, Inc. ( NASDAQ:COO – Free Report ) by 3.5% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 84,964 shares of the medical device company’s stock after selling 3,079 shares during the quarter. PNC Financial Services Group Inc.’s holdings in Cooper Companies were worth $9,375,000 as of its most recent SEC filing. Several other hedge funds and other institutional investors have also made changes to their positions in COO. Envestnet Portfolio Solutions Inc. lifted its position in Cooper Companies by 43.1% during the second quarter. Envestnet Portfolio Solutions Inc. now owns 35,233 shares of the medical device company’s stock valued at $3,076,000 after purchasing an additional 10,616 shares during the last quarter. Axxcess Wealth Management LLC lifted its holdings in shares of Cooper Companies by 298.4% in the 1st quarter. Axxcess Wealth Management LLC now owns 8,211 shares of the medical device company’s stock valued at $833,000 after acquiring an additional 6,150 shares during the last quarter. Public Employees Retirement Association of Colorado increased its stake in Cooper Companies by 298.9% during the first quarter. Public Employees Retirement Association of Colorado now owns 245,793 shares of the medical device company’s stock worth $24,938,000 after acquiring an additional 184,171 shares during the last quarter. Diversify Advisory Services LLC purchased a new stake in Cooper Companies during the second quarter valued at approximately $501,000. Finally, BDF Gestion bought a new stake in shares of Cooper Companies in the 2nd quarter valued at approximately $2,919,000. Institutional investors own 24.39% of the company’s stock. Cooper Companies Price Performance Shares of COO stock opened at $100.80 on Friday. The Cooper Companies, Inc. has a twelve month low of $82.21 and a twelve month high of $112.38. The company has a current ratio of 1.99, a quick ratio of 1.18 and a debt-to-equity ratio of 0.33. The stock has a fifty day simple moving average of $105.91 and a two-hundred day simple moving average of $98.26. The stock has a market capitalization of $20.08 billion, a price-to-earnings ratio of 56.16, a P/E/G ratio of 2.14 and a beta of 0.99. Insider Activity at Cooper Companies In other Cooper Companies news, COO Daniel G. Mcbride sold 114,992 shares of the business’s stock in a transaction dated Wednesday, September 4th. The shares were sold at an average price of $105.48, for a total value of $12,129,356.16. Following the completion of the transaction, the chief operating officer now directly owns 44,696 shares in the company, valued at approximately $4,714,534.08. The trade was a 72.01 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website . Also, CAO Agostino Ricupati sold 1,601 shares of Cooper Companies stock in a transaction that occurred on Tuesday, September 10th. The stock was sold at an average price of $108.03, for a total transaction of $172,956.03. Following the completion of the transaction, the chief accounting officer now directly owns 4,818 shares in the company, valued at approximately $520,488.54. The trade was a 24.94 % decrease in their position. The disclosure for this sale can be found here . Insiders have sold a total of 256,373 shares of company stock valued at $27,637,427 over the last ninety days. 2.00% of the stock is owned by company insiders. Analyst Ratings Changes Several analysts recently weighed in on COO shares. Piper Sandler increased their price target on Cooper Companies from $115.00 to $120.00 and gave the company an “overweight” rating in a report on Thursday, August 29th. Needham & Company LLC restated a “hold” rating on shares of Cooper Companies in a report on Thursday, August 29th. Stifel Nicolaus reiterated a “buy” rating and set a $115.00 price target (up from $110.00) on shares of Cooper Companies in a report on Thursday, August 29th. Wells Fargo & Company raised their price objective on shares of Cooper Companies from $110.00 to $115.00 and gave the stock an “overweight” rating in a research note on Thursday, August 29th. Finally, Robert W. Baird upped their target price on Cooper Companies from $118.00 to $125.00 and gave the company an “outperform” rating in a research note on Thursday, August 29th. Four research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $117.00. View Our Latest Stock Analysis on COO Cooper Companies Company Profile ( Free Report ) The Cooper Companies, Inc, together with its subsidiaries, develops, manufactures, and markets contact lens wearers. The company operates in two segments, CooperVision and CooperSurgical. The CooperVision segment provides spherical lense, including lenses that correct near and farsightedness; and toric and multifocal lenses comprising lenses correcting vision challenges, such as astigmatism, presbyopia, and myopia in the Americas, Europe, Middle East, Africa, and Asia Pacific. Featured Stories Want to see what other hedge funds are holding COO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Cooper Companies, Inc. ( NASDAQ:COO – Free Report ). 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