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Coinbase Could Be a Material ‘Beneficiary’ of Ethereum’s Merge Transition, JPMorgan Analyst Says Finance Bitcoin News – Bitcoin News

JPMorgan analyst Kenneth Worthington says digital currency exchanges like Coinbase will end up being a meaningful beneficiary of Ethereums long-awaited transition from proof-of-work (PoW) to proof-of-stake (PoW). Based on $2K ethereum prices and a 5% ethereum yield, Worthington explained that The Merge could boost Coinbases annual income by $80 to $100 million from staking services.

In 29 days, the Ethereum network is expected to implement The Merge on or around September 15, 2022. It will be a very big deal for the chain that has operated as a PoW blockchain for seven years. Thats because the network will fully transition into a PoS distributed ledger system. Four days ago, Bitcoin.com News reported on JPMorgan (NYSE: JPM), strategists saying Ethereum Classic (ETC) could benefit from The Merge, as ether miners will be forced to mine another Ethash-based cryptocurrency.

This week, JPMorgan analyst Kenneth Worthington explained in a note to investors that the crypto exchange Coinbase Global (Nasdaq: COIN) could be a meaningful beneficiary of The Merge. The investment banks analyst also noted that staking revenue could bolster exchanges like FTX, Binance, and Gemini as well.

We see the staking revenue opportunity bigger (proportionally) than the income opportunity given we expect institutional staking clients will contribute meaningfully to [ether] staking revenue, but much less so for institutional customers, Worthington said. The vast majority of the economics remains with retail, the JPMorgan analyst added. In order to be a validator 32 ether is required to stake on your own, but a number of exchanges offer ethereum staking services with negligible threshold requirements to earn from staked assets.

At the time of writing, Coinbase is one of the largest ETH holders in terms of validators, according to the ETH Staking dashboard hosted on Dune Analytics. Out of the 13,326,533 ether deposited into the Ethereum 2.0 contract, Coinbase commands 14.7% or 1,966,080 ETH. Crypto firms like Kraken, Binance, Bitcoin Suisse, and Bitstamp also have significant staking positions, but Coinbase and the liquid staking service Lido have the largest. JPMorgans Worthington expects Coinbase to benefit significantly from the staking rewards.

We estimate Coinbase incremental annual staking revenue from the Ethereum Merge of $650 million based on $2,000 [ether] and 5% [ethereum] yield. We see [an] incremental annual income of $80-$100 million of staking income, Worthingtons note detailed.

Year-to-date, COIN is down 65.04% with a $357 per share high this year, but the current $85.44 is up from the $47 low share prices saw on June 30. Furthermore, on August 16, Coinbase summarized in a blog post what customers need to know about the upcoming PoW to PoS transition. During The Merge, Coinbase will briefly pause ethereum transactions and it will not process withdrawals and deposits during the change. The Coinbase pause rule further applies to ERC20-based tokens built on top of the Ethereum network.

On August 14, Coinbase and a number of exchanges were asked: If regulators ask you to censor at the ethereum protocol level with your validators will you: (A) Comply and censor at [the] protocol level (B) Shut down the staking service and preserve network integrity. Coinbase co-founder and CEO Brian Armstrong responded to the question on Twitter three days later, on August 17.

Its a hypothetical we hopefully wont actually face, Armstrong wrote on Thursday. But if we did wed go with (B), I think. Got to focus on the bigger picture. There may be some better option (C) or a legal challenge as well that could help reach a better outcome.

What do you think about the commentary from JPMorgans analyst Kenneth Worthington? Let us know what you think about this subject in the comments section below.

Jamie Redman is the News Lead at Bitcoin.com News and a financial tech journalist living in Florida. Redman has been an active member of the cryptocurrency community since 2011. He has a passion for Bitcoin, open-source code, and decentralized applications. Since September 2015, Redman has written more than 5,700 articles for Bitcoin.com News about the disruptive protocols emerging today.

Image Credits: Shutterstock, Pixabay, Wiki Commons

Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.

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CACI Announces Partnership with the Alabama School of Cyber Engineering and Technology – HS Today – HSToday

CACI International Inc has announced a partnership with the Alabama School of Cyber Engineering and Technology (ASCTE) Foundation in support of a residential magnet high school in Huntsville dedicated to enabling and advancing education in cyber technology and engineering to students across the state.

Government Technology and Services Coalition member and mentor partner CACI delivers expertise and technology to enterprise and mission customers. Working with the ASCTE Foundation, CACI furthers its commitment to developing a robust talent pipeline of skilled scientists and engineers by preparing the nations next generation of innovators for careers in national security. CACI will provide internship and mentorship opportunities, curriculum development, guest instructors, and career coaching to all students. CACI will also offer professional development for staff members and participate in an ASCTE Speaker Series.

John Mengucci, CACI President and Chief Executive Officer, said, The need for strong, qualified talent is most critical. As we grow our presence in Huntsville, I am confident that this partnership will provide students with cutting-edge technology and resources and will also build an invaluable talent pipeline for government and industry.

ASCTE is Alabamas only fully public residential high school offering advanced engineering and cyber technology studies. ASCTE was formed to help address severe workforce shortages in cyber systems and engineering.

CACIs position as a technology and national security leader supports and aligns with ASCTEs mission to produce graduates who will drive the innovation needed to secure tomorrows prosperity, said Matt Massey, ASCTE President. We are thrilled and thankful for this investment into our students and community because we know that together we can bridge the gaps needed in the workforce with talent, drive, and competence.

CACI will offer added benefits to the ASCTE Foundation as a Titanium Dell Technologies Partner, which was established through the companys acquisition of ID Technologies.

Read more at CACI

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This Throwing Knife Launcher Is an Amazing and Terrifying Feat of Engineering – Gizmodo

Steven Seagal makes knife throwing look effortless in movies like Under Siege, but its actually an incredibly hard skill to master if you dont have Hollywoods movie magic helping you out. Thats what Quint, of the YouTube channel Quint BUILDs, was lacking. But with some good old fashioned engineering, they managed to build a handheld throwing knife launcher that reliably hit their target from varying distances.

Jeff Goldblums Your scientists were so preoccupied with whether or not they could, they didnt stop to think if they should, is what comes to my mind here. That apparently wasnt the case with Quint, though, because after months of designing, redesigning, programming, and reprogramming, the YouTubers built one of the most impressively terrifying pieces of amateur engineering weve ever seen.

Knife Throwing Machine!

Once you learn to hit a target with an arrow, hitting it again from varying angles and distances is relatively easy with some minor aim adjustments. Thats not the case when throwing knives. Added spin is needed to give the knife enough kinetic energy to embed itself into a target, with a specific number of rotations needed to ensure its sharp tip hits the target first, not the flat side or blunt handle. If youve ever been axe throwing, youll know what were talking about.

As with many other talented makers and hardware hackers on YouTube, Quint decided that brute force engineering was a better alternative to diligent practice, so they created a handheld launcher that uses high-performance servo motors, solenoids, custom 3D-printed components, and some heavy batteries to hurl throwing knives with the right amount of spin so they hit the mark and stick every single time. To allow the launcher to work from varying distances, the launcher even employs a LiDAR sensor thats used to measure how far away the target is and adjust its green targeting laser appropriately.

It appears to work almost flawlessly, launching knives from a magazine as quickly as the machine can reset itself and Quint can pull the trigger. Steven Seagal might finally have some stiff competition for Under Siege 3.

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Deblina Sarkar recognized as an Innovative Early Career Engineer by National Academy of Engineering MIT Media Lab – MIT Media Lab

National Academy of Engineering (NAE) has recognized Deblina Sarkar, assistant professor at MIT and AT&T Career Development Chair Professor at MIT Media Lab,as one of the highly accomplished early career engineers. She has been invited to attend NAEs Grainger Foundation Frontiers of Engineering 2022 Symposium, which will feature innovative researchers from industry, academia and government. The symposium will be held September 21-23in Seattle, Washington, where she will present her scientific and technological contributions.

Prof. Sarkar has been selected based on her exceptional research in the interdisciplinary fields of nanoelectronics and biology. Her lab develops energy-efficient nanoelectronic devices as environmentally sustainable hardware for Artificial Intelligence and merges novel nanoelectronics with biology to create a new paradigm of life-nanomachine symbiosis for transforming healthcare.

The NAEs Frontiers of Engineering 2022 Symposium is sponsored by the Grainger Foundation, Amazon, National Science Foundation, Air Force Office of Scientific Research, Office of the Under Secretary of Defense for Research and Engineering, and Cummins.

The NAE is a private, independent, nonprofit institution which provides engineering leadership with the mission to advance the welfare and prosperity of the nation. It is part of the National Academies of Sciences, Engineering, and Medicine, which is chartered by Congress for providing advice to the nation on matters related to science, technology, and health.

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NHTSA to do an engineering analysis on Teslas autopilot that killed many – Business Standard

Elon Musk-run Tesla has come under heavy scrutiny on the controversial Autopilot advanced driver assistance system that has allegedly killed many, with both federal and state regulators turning up the heat on electric car-maker.

The National Highway Traffic Safety Administration (NHTSA) has upgraded its investigation from a preliminary evaluation to an engineering analysis, asking Tesla to answer questions about its cabin camera as part of a probe into 830,000 Tesla vehicles that include Autopilot.

"Describe the role that the cabin camera plays in the enforcement of driver engagement/attentiveness and the manner in which its inputs are factored into the subject system's operation," the US regulator said in a letter to Tesla late on Thursday.

The letter asked Tesla to share inputs on the impact on driver engagement alert types and timing and how it integrates with the existing engagement strategy; recoverable data elements pointing to its influence either via telemetry or from the vehicle's onboard storage; and impact on driver alerting and recoverable data if the driver does not opt to share data from the camera with Tesla.

According to Tesla, the cabin camera can determine driver inattentiveness and provide them with audible alerts, to remind them to keep eyes on the road when Autopilot is engaged.

Tesla introduced its camera-based driver monitoring system in May last year.

The NHTSA is investigating at least 16 crashes in which Tesla owners were potentially engaging Autopilot and then crashed into stationary emergency vehicles, resulting in 15 injuries and one fatality.

"Describe in detail the engineering and safety explanation and evidence for design decisions regarding enforcement of driver engagement/attentiveness during the subject system's operation in the subject vehicles," said the US transportation agency.

Earlier this month, the Department of Motor Vehicles (DMV) in California accused Musk-run Tesla of running fake claims about its Autopilot and Full Self-Driving (FSD) features.

The agency said in its filing that Tesla "wrongly implies" that cars equipped with the technology can operate autonomously.

Tesla has now responded, asking the California DMV for a hearing to present a defense against the claims that it misled prospective customers, reports TechCrunch.

The California DMV filed two separate complaints, alleging Tesla made "untrue or misleading" claims about its vehicles' autonomous driving capabilities.

Former US presidential candidate Ralph Nader has called Tesla's FSD technology as one of the "most dangerous and irresponsible actions" by a car company in decades.

--IANS

na/dpb

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

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Genius engineering: the battle to save Hawaiis historic fish ponds – The Guardian US

On a clear day, Kuuleini Keakealani peers into the Kholo fish pond on the west coast of Hawaii Island, Hawaii, and sees an abundance of fish.

Its a sight for sore eyes Keakealani knows all too well how the development of the Big Island has threatened delicate ecosystems, waterways, and Indigenous ways of life. Her ancestors were once stewards of this place.

This particular fish pond, sandwiched between five-star resort hotels, is just one of many that Keakealani and her peers have sought to restore. There are dozens of these man-made, rockwall-enclosed sites across Hawaii, including one spanning 88 acres, and for centuries, Native Hawaiians have used these ponds to raise fish to feed their communities.

But over time, the ponds have been neglected, damaged by molten lava, polluted with the litter of island-hopping tourists, and in some cases overrun by mangrove trees, which can destroy fish ponds with their roots and dense biomass. Just over a decade ago, these ponds were almost barren of the native fish species that once fed families.

Today, however, Keakealani watches over the ponds that are now brimming with marine life.

The ponds remain as one of many examples of the genius engineering and true ingenuity of our kupuna [elders], Keakealani explains. We relearn, re-establish, revitalize and reassume our places as kiai loko [guardians].

The fish ponds are seen not only as nurturing grounds for fish but as an important habitat for other native species. Each day, 3m to 5m gallons of submarine groundwater flows through the ponds and into the ocean, aiding the coral reefs and reef fisheries, according to the non-profit Nature Conservancy.

The ponds are also sacred to Hawaiians. Not only are they a relic from the past, reconnecting communities to their aquaculture heritage, before the islands were occupied by the US, but they provide vital cultural and physical sustenance to the Indigenous communities of today.

For the last decade, coalitions of community groups have been working with the Nature Conservancy to restore the fish ponds, both as a point of cultural pride and as a means to enhance the resilience of the coastline and address food insecurity. The ponds have been dredged to restore them to their original depths, the pond walls have been rebuilt, mangroves have been cleared and hundreds of volunteers gather at the ponds regularly to remove overgrown vegetation from around a ponds edge and remove invasive species using handheld nets.

The efforts are starting to pay off.

At the 3.2-acre Kholo pond, there has been a tenfold increase in the fish population since restoration work began in 2012, gains that are important to a state where food insecurity has been climbing at an alarming rate. Other restored fish ponds are similarly seeing gains.

Since 2019, there has been a 51% increase in the number of Hawaii residents who are food insecure, with the pandemic exacerbating an already serious problem. Almost half of families in Hawaii are struggling to feed themselves, and Native Hawaiians are particularly affected, with two in five families relying on food banks.

Food security is a really big issue here, said Kim Falinski, a scientist who works for the Nature Conservancy in Hawaii.

Koa Shultz, executive director of the non-profit community group Kkoo iwi, the organization that led the clearing of the mangroves, sees the fish pond efforts as part of a larger battle to restore the coastlines, as development rapidly erodes culturally and ecologically valuable areas.

Our way of life is rapidly disappearing, he said. We are struggling for enough land to feed ourselves, and water to grow our crops. Resources are scarce on the island, and yet millions [of tourists] still come.

We hope that the kind of work that is being carried out here, such as land restoration and Indigenous communities taking the lead, will be relevant to other areas in the world that are suffering similar issues, he said.

Keakealani also said the work to restore the fish ponds had greater significance for Hawaii. Theres so much more that happens when spaces like loko ia [fish ponds] are restored, she said. As we work to restore them, we also work on restoring ourselves as well.

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Engineers saved a baby’s life by printing the missing part of her skull – Interesting Engineering

If the surgery were not planned within four days, the baby would be open to all kinds of infections.

The lifesaving 1:1 model of the newborn's skull followed an urgent request for help from surgeons at the Upper Silesian Centre of Child Health and doctors at the enable Polska Foundation.

3D printing in SLA technology

SYGNIS

As Sygnis reported, after the project file came to them, two engineers started to print the 3D skull model required for the baby. The company also stated that they didn't want to put the baby at risk, so they used two different technologies:

Sygnis also stopped all 3D printing projects to save the baby's life and finished the baby's skull project in 26 hours.

The choice of resin technology (SLA) on the FlashForge Photo 8.9s 3D printer was used to quickly obtain an illustrative printout for evaluation by specialists before printing in SLS technology. On the other hand, the SLS technology, SLS technology, and polyamide (PA12) printing to 3D print the model for preoperative surgical exercises. Powder technology enables 3D printing without the use of support structures, which in turn allows for the perfect reproduction of geometrically complex bone structures.

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North Yorkshire marine engineering business ‘makes a splash’ with Brighton based acquisition – Bdaily

Twisted Marine, sister company to North Yorkshire based Twisted Automotive, is expanding its capabilities and resources after a deal to acquire Brighton based marine engineering business, West Marine Services Limited.

West Marine, which turns over circa 700k and provides powerboat service, repair and supply services, will join the Twisted Marine group of companies and continue to scale its operations as part of the larger business.

Twisted Marine said the acquisition would support its plans to grow its market presence in the marine sector and cement its growing reputation for building and enhancing power boats based on solid marine engineering foundations.

West Marine is an authorised dealer for Volvo Penta, Mercury Marine and Yanmar and the business will strengthen Twisted Marines dealership links to support customers across the whole of the south coast.

Based in a 1,900 sq ft facility in a prime location on the Brighton Marina Village, West Marine was founded in 2005 and has developed a reputation as a one-stop shop for all types of leisure craft, from small tenders to large yachts. The businesss current owner, Mike West, will exit the business.

Twisted founder Charles Fawcett commented: There are some excellent synergies between our two marine engineering businesses, which together will provide us with a wider client base and expanded capabilities across the south coast.

The cultures within the two organisations are remarkably similar, which will ensure a smooth integration and enable us to quickly get on with scaling Twisted Marine further. West Marine Services is a second-generation engineering company, with significant engineering knowledge to bring to the Marine Services Group of the future.

We very much look forward to welcoming the West Marine team to Twisted, and working together with them to create a centre of marine engineering excellence, firmly putting Twisted Marine on the map as a household name in the marine industry.

Twisted entered the marine market in November 2020 when Fawcett acquired Devon based SMS (Salcombe) Limited for an undisclosed sum and rebranded it as Salcombe Marine Services. Twisted Marine is currently reviewing a number of additional acquisitions to bolster its growth plans.

Twisted Marine is run by Fawcett and MD Jake Cronk, a fully qualified marine engineer and member of the Institute of Mechanical Engineer who holds a masters degree in mechanical engineering. He joined the business following a successful career with the Mercedes AMG Formula 1 and Formula E teams.

By Matthew Neville Correspondent, Bdaily

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U.S. Army Corps of Engineers supports U.S. Air Force on projects throughout Europe – United States Army

1 / 2 Show Caption + Hide Caption U.S. Army Corps of Engineers, Europe District Regional Program Manager for Air Force Military Design and Construction Program Jennifer Regel, right, discusses the construction of the new Family Housing Management Facility in Vogelweh, Germany April 11, 2022 with project partners, including the then 86th Air Lift Wing Commander U.S. Air Force Brig. Gen. Joshua Olson, left, just before its formal groundbreaking ceremony. The project is an example of one of the many traditional military construction projects Europe District delivers in support of U.S. Air Forces Europe at installations across the continent. (U.S. Army photo by Alfredo Barraza) (Photo Credit: Alfredo Barraza) VIEW ORIGINAL 2 / 2 Show Caption + Hide Caption U.S. Army Corps of Engineers, Europe District Project Engineer Chris Bailey and Quality Assurance Engineer Jri Saljukov check progress on a bulk fuel storage facility under construction at Amari Air Base in Estonia as part of the larger European Deterrence Initiative program May 12, 2022. Managing the design and construction of EDI projects like this one in Estonia is part of how the U.S. Army Corps of Engineers works closely with U.S. Air Forces Europe to deliver projects in support of their missions across the continent. (U.S. Army photo by Chris Gardner) (Photo Credit: Christopher Gardner) VIEW ORIGINAL

A large part of the U.S. Army Corps of Engineers Europe Districts military construction, or MILCON, program focuses on U.S. Army facilities around Europe - But the Army also supports the U.S. Air Forces in Europe with a wide-ranging design and construction program as well.

Were proud to support our U.S. Air Force partners in Europe by managing MILCON projects for their stakeholders, said Europe Districts Regional Program Manager for Air Force Military Design and Construction Program Jennifer Regel. Our sustained Air Force MILCON program consists of projects such as dormitories, operational facilities, quality of life initiatives, gymnasiums, office buildings, and airplane hangars.

Many of these projects are centered around the Kaiserslautern Military Community in Germany, which includes Ramstein Air Base, Vogelweh Air Base and other sites.

U.S. Army Corps of Engineers officials joined U.S. Air Force officials and others recently to celebrate the groundbreaking for the new Military Family Housing Management Facility being constructed at Vogelweh Air Base. Once complete, the new facility will function as the main hub for managing military family housing throughout the KMC for Airmen and other personnel stationed there.

"Partnering with the U.S. Army Corps of Engineers delivers facilities, like the Military Family Housing Management Facility, that reinforce the Air Force's commitment to quality of life for our Airmen and their families," said Brig. Gen. Josh Olson, former 86th Airlift Wing commander. "However, it goes beyond that. We also partner on operational and training facilities that

support our capability to expedite global mobility and air power throughout

Europe and Africa."

Regel said that in addition to the sustained MILCON work in traditional European locations, the Districts support to the Air Force has greatly expanded in recent years, to include projects at new locations and meet the overall changing mission priorities for the DoD. The District now manages roughly $1B of the Air Forces European Deterrence Initiative, EDI, design and construction projects, in addition to the sustained work.

EDI programs specific goal is to increase partner and allied capacity in the region.

This work spans several countries, where the U.S. Air Force partners with host nation forces to support security in Europe- with heavy workloads in Romania, Bulgaria, Poland and the Baltic nations of Estonia, Lithuania and Latvia. The District is also helping the Air Force to develop new country agreements and to plan, design, and construct infrastructure in additional countries.

Through the EDI program military infrastructure is built to enhance the U.S. deterrence posture, increase the readiness and responsiveness of U.S. forces in Europe, support the collective defense and security of NATO allies, and bolster the security and capacity of U.S. allies and partners. Typical examples would be a runway and airfield improvements, base infrastructure, operations facilities and more.

Another recent Air Force initiative that the District supports is geared toward energy conservation and reinforcing energy security through the Energy Conservation Investment Program. ECIP projects for the Air Force are generally intended to save energy and water, reduce energy costs and reduce reliance on outside energy sources. For example, crews are currently working on energy management control system improvements at Spangdahlem Air Base in Germany.

Regel said she finds the work in Europe in support of USAFE and their programs both professionally and personally rewarding.

Executing projects overseas in new locations, even if you have already managed similar ones stateside, is double the challenge. I like to learn about the mission and then utilize that information to formulate the best overall execution strategy, she said. Getting to play a role in the important missions the Air Force has here in Europe and Africa is also really exciting and rewarding.

Europe District manages many other MILCON and Non-MILCON, funded by other entities, which also supports USAFEs missions, their Airmen and their families. For example, the District has supported the design and construction of several Department of Defense Education Activity-funded elementary, middle, and high schools on Air Force bases in the last five years. Defense Commissary Agency has funded commissaries and upgrades managed by the District. Defense Logistics Agency has funded pipelines, hydrants and other infrastructure work managed by the District. Working with the Defense Health Agency, the District leads construction of medical clinics, dental clinics, renovations, and the new, large hospital being built in the Kaiserslautern Military Community.

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Sazgar Engineering to roll out locally-assembled Haval units this month – Business Recorder

Sazgar Engineering Works Limited will roll out the first batch of locally-assembled units of Great Wall Motor's Haval, the H6 1.5T and 2.0T, this month. The SUVs have been priced at Rs7.425 million and Rs8.499 million, respectively.

A senior official of the company said the new SUV will be competing with KIA Sportage, Hyundai Tucson, Oshaan X7, MG HS and Cherry Tiggo 8 in Pakistan.

Haval is the number one SUV in China and number three in the world, Head of Marketing Sazgar Engineering Abuzer Butt told Business Recorder. Right now, we are starting with two variants, the Haval H6 1.5T and 2.0T. But another variant the Jolion can be added in the next few months."

The company has a capacity to assemble 40 cars a day on a single shift basis, translating to an annual capacity of 15,000 vehicles.

We started bookings in April and gave a delivery time of November. But we are delivering vehicles at the end of August, despite all the issues. We are three months ahead of schedule and we plan to stay this way, he claimed.

Sazgar completes manufacturing facilities for Haval, says trial operation to begin July 15

The companys stock gained 2.73%, and closed at Rs67.47 after the announcement was made towards the end of trading at the Pakistan Stock Exchange (PSX) on Friday.

In its notice, Sazgar confirmed it has completed its trial operation of Haval vehicles "before the stipulated time and first CKD roll-out is expected this month".

Background

Sazgar Engineering received the government's green-field status to manufacture Haval SUVs last year.

The company, the largest rickshaw-maker in Pakistan, also exports three-wheelers.

It has also brought another Chinese carmaker, BAIC, to Pakistan. BAIC introduced its D20 vehicle, X25 crossover, and the BJ40-Plus off-roader SUV.

Commercial production of BAIC vehicles to commence in Sept: Sazgar

Sazgar brought these two companies under the governments green-field status. In the auto development policy (ADP-2016-21), the government offered tax incentives to car manufacturers to invest in the sector and receive tax and duty incentives.

The policy attracted a number of auto makers including KIA, Hyundai, MG Motors, Proton, Changan, DFSK and others. However, not all of them have begun local production.

The aim of the policy was to break dominance of the few automakers in the country, while increasing consumer-choice.

The policy did pave the way for new car assemblers to enter Pakistans auto fray, however, most of them choose to cater to the high price-tag SUV segment. There are now over a dozen SUVs available to choose from, which is the highest for any segment in Pakistan.

The auto assemblers say they have been responding to anticipated demand patterns in the country. An industry analysis by an auto company suggests that the SUV segment will grab the biggest portion of the auto market in Pakistan with approximately 37% share by 2030 ahead of sedans and hatchbacks.

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