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auto industry

Six manufacturers to participate in Automechanika Dubai

KARACHI: Six Pakistani exhibitors will present the latest innovations in the auto industry at the renowned...

Published 21 Nov, 2024 07:46am

Business & Finance

Sazgar to launch ORA-07 EV in Pakistan

Sazgar Engineering Works (SAZEW) is set to introduce the ORA-07 EV, a Completely Built Unit (CBU) electric vehicle,...

Updated 13 Aug, 2024 10:24pm

China’s BYD partners with Mega Motor to launch ‘NEV’

KARACHI: Chinese automotive giant BYD is poised to make its official entry into the Pakistani market, with a grand...

Updated 06 Aug, 2024 01:28pm

Business & Finance

‘Protect local auto industry’: Indus Motor CEO wants higher duties, taxes on import of used cars

Ali Asghar Jamali, Chief Executive Officer of Indus Motor Company (IMC) that assembles/manufactures Toyota-brand...

Published 06 Jun, 2024 12:01am

Opinion

Auto industry

Pakistan’s automobile industry is stunted and dysfunctional. Customers must “book” a vehicle and wait upwards of...

Published 29 May, 2024 06:05am

Business & Finance

Local auto industry seeks govt’s support

LAHORE: Local auto industry has demanded of the government to take appropriate measures, to support the local auto...

Published 23 Apr, 2024 03:41am

Technology

Experts hail Chinese EV giant BYD’s entry to Pakistan market

Chinese electric vehicle (EV) giant BYD revealed its plan to enter the Pakistan market and industry experts see it...

Published 29 Mar, 2024 11:00pm

Business & Finance

In meeting with finance minister, Ambassador Mitsuhiro raises Japanese automakers’ concerns

Ambassador of Japan to Pakistan, H.E. Mitsuhiro Wada, on Tuesday discussed issues being faced by Japanese automakers...

Updated 26 Mar, 2024 06:33pm

Business & Finance

After launching hybrid, Indus Motor introduces cheaper, petrol variants of Corolla Cross

Gasoline vehicles priced at Rs8.199mn and Rs8.899mn

Updated 22 Mar, 2024 09:53pm

Business & Finance

After Indus Motor, Honda Atlas reduces City’s prices in Pakistan

Honda Atlas Cars announced on Friday a price reduction of up to Rs140,000 on two of its City variants on Friday,...

Updated 15 Mar, 2024 08:02pm

Business & Finance

Indus Motor reduces Toyota Yaris prices in Pakistan by up to Rs133,000

Indus Motor Company, the maker of Toyota cars in Pakistan, announced on Thursday a price reduction for its Yaris...

Updated 14 Mar, 2024 09:23pm

Markets

Car sales in Pakistan surge 57% YoY in February

However, during first eight months of fiscal year 2024, total car sales stood at 59,699 units, a 41% decline compared to the same period last year when sales stood at 101,426 units

Updated 12 Mar, 2024 10:35pm

Markets

Indus Motor temporarily halts production citing inventory shortage

Company to close its plant from March 6 to March 11

Updated 06 Mar, 2024 03:07pm

Business & Finance

KIA decreases Sportage prices in Pakistan

Low demand, competition from Corolla Cross seen as reasons for decrease in price

Published 04 Mar, 2024 05:57pm

Markets

‘Increased expenses’: Pak Suzuki jacks up car prices by up to Rs180,000

Pak Suzuki has jacked up its car prices by up to Rs180,000, blaming inflation and an increase in its overhead...

Published 01 Mar, 2024 10:27pm

Opinion

Business strategy in downtimes

Business environment has been uncertain and unsure. That was to be. Any country before the elections is naturally...

Published 28 Feb, 2024 06:10am

Business & Finance

Indus Motor Company lines-off Pakistan’s first 1800cc hybrid EV

Indus Motor Company (IMC) lined-off the 4th generation Toyota Corolla Cross Hybrid Electric Vehicle (HEV) at a...

Published 06 Dec, 2023 07:10pm

Opinion

Navigating challenges in the auto sector

The auto industry is at a crossroads, grappling with issues that threaten its stability. Used car imports, coupled...

Published 29 Nov, 2023 05:09am

BR Research

Cuts and scrapes

Assembly plants for Indus Motors (PSX: INDU) will remain closed for another 6 days after the company completes its...

Published 10 Nov, 2023 08:34am

Locally-produced cars: IMC CE lists factors behind high prices

ISLAMABAD: Indus Motor Company (IMC) Chief Executive Ali Asghar Jamali has said issues such as high taxation,...

Updated 09 Nov, 2023 03:59pm

Business & Finance

EDB official says import quotas for new auto companies opened

Asim Ayaz, General Manager Policy at Pakistan’s Engineering Development Board (EDB), said on Saturday that quotas...

Updated 29 Oct, 2023 10:55pm

High taxes hampering auto industry’s growth: PAAPAM chief

KARACHI: The government’s high auto taxes of 37-43% are severely hampering Pakistan’s auto industry growth. This was...

Updated 28 Oct, 2023 09:47am

Business & Finance

Pakistan’s auto industry seeks ‘remission’ after failing to meet export target during FY23

Manufacturing Certificate of all OEMs is due to expire on Sept 30, and would have been renewed if export target had been met

Published 28 Sep, 2023 06:47am

Business & Finance

Pakistan’s car sales jump 49% MoM in August

Car sales in Pakistan witnessed an increase of 49% on a month-on-month (MoM) basis in August 2023, clocking in at...

Published 11 Sep, 2023 08:37pm

Business & Finance

2023 a challenging year for automotive industry: ‘Major OEMs are experiencing 55pc drop in volumes’

KARACHI: The financial year 2023 has brought significant challenges to Pakistan’s automotive industry, with original...

Updated 09 Sep, 2023 09:29am

Business & Finance

Import of used cars crippling local auto industry: IMC chief

LAHORE: Chief Executive Indus Motor Company (IMC), Ali Asghar Jamali has lamented that total used car imports have...

Published 07 Sep, 2023 06:21am

Business & Finance

IMC hasn’t announced layoffs despite 55pc cut in production: CEO

KARACHI: Chief Executive Officer, Indus Motor Company (IMC), Ali Asghar Jamali has said that despite registering a...

Published 31 Aug, 2023 06:00am

Business & Finance

Auto sales suffer massive fall of 66% YoY to 9,211 units in March

Non-availability of CKD kits, escalating prices, expensive auto financing drive decline on a yearly basis
Sales are, however, higher on a monthly basis

Published 11 Apr, 2023 07:23pm

Business & Finance

Pak Suzuki jacks up its car prices for a fourth time in 2023

Its cheapest model, the Alto VX, is now priced at Rs2.251mn, while its high-end Swift variant is now at Rs4.96mn

Published 05 Apr, 2023 04:54pm

Markets

Auto financing dips for eighth consecutive month

Factors for the decline include massive hike in car prices, soaring interest rates and plant shutdowns of various assemblers

Published 21 Mar, 2023 04:03pm

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Dec 20	278.48
USD PKR Interbank Buying / Dec 20	278.28
USD to Japanese Yen / Dec 20	156.31
USD to Swiss Franc / Dec 20	0.89
Pound Sterling to USD / Dec 20	1.26
Euro to USD / Dec 20	1.04

Stock	Volume
S&P 500 / Dec 20	5,930.85
India Sensex / Dec 20	78,041.59
Tokyo Nikkei / Dec 20	38,701.90
Nasdaq / Dec 20	19,572.60
Hang Seng / Dec 20	19,720.70
FTSE 100 / Dec 20	8,084.36
Dow Jones / Dec 20	42,840.26
Germany DAX 30 / Dec 20	19,884.75

Item	Value
Crude Oil USD/Barrel / Dec 20	69.46
Gold 10 Grams PKR / Dec 20	234,311
Gold Spot USD/Ounce / Dec 20	2,622.91
Cotton US¢/pound / Dec 20	68.06
Petrol/Litre / Dec 21	252.10
Karachi Cotton PKR/37.32 KG / Dec 21	17,585

Gainers
Losers
Leaders

Stock	Price
Media Times Ltd / Dec 20 Media Times Limited(MDTL)	2.37 ▲ 0.37 (18.50%)
Pace (Pak) Ltd. / Dec 20 Pace (Pakistan) Limited(PACE)	7.23 ▲ 1.00 (16.05%)
Ist.Capital Sec / Dec 20 First Capital Securities Corporation(FCSC)	2.12 ▲ 0.26 (13.98%)
Khalid Siraj / Dec 20 Khalid Siraj Textile Mills Limited(KSTM)	9.60 ▲ 0.97 (11.24%)
Aruj Industries / Dec 20 Aruj Industries Limited(ARUJ)	9.90 ▲ 0.98 (10.99%)
Escorts Bank / Dec 20 Escorts Investment Bank Limited(ESBL)	4.79 ▲ 0.47 (10.88%)
Cresent Jute / Dec 20 Crescent Jute Products Limited(CJPL)	4.20 ▲ 0.40 (10.53%)
S.G.Power / Dec 20 S.G. Power Limited(SGPL)	11.19 ▲ 1.02 (10.03%)
P.T.C.L. / Dec 20 Pakistan Telecommunication Company Ltd(PTC)	25.80 ▲ 2.35 (10.02%)

Stock	Price
LSE Financial Serv. / Dec 20 LSE Financial Services Limited(LSEFSL)	16.25 ▼ -1.81 (-10.02%)
Dar-es-Salaam / Dec 20 Dar-es-Salaam Textile Mills Limited(DSML)	41.93 ▼ -4.66 (-10.00%)
Maqbool Tex. / Dec 20 Maqbool Textile Mills Limited(MQTM)	31.05 ▼ -3.45 (-10.00%)
Reliance Cotton / Dec 20 Reliance Cotton Spinning Mills Limited(RCML)	621 ▼ -69.00 (-10.00%)
Sanghar Sugar / Dec 20 Sanghar Sugar Mills Limited(SANSM)	27.72 ▼ -3.08 (-10.00%)
Olympia Mills / Dec 20 Olympia Mills Limited(OML)	34.58 ▼ -3.84 (-9.99%)
Nagina Cot. / Dec 20 Nagina Cotton Mills Limited(NAGC)	48.92 ▼ -5.41 (-9.96%)
Oilboy Energy / Dec 20 Oilboy Energy Limited(OBOY)	11.39 ▼ -1.26 (-9.96%)
Arpak Int. / Dec 20 Arpak International Investments Ltd.(ARPAK)	65.22 ▼ -7.19 (-9.93%)

Stock	Volume
WorldCall Telecom / Dec 20 Worldcall Telecom Limited(WTL)	177,645,248 ▲ 0.10
K-Electric Ltd. / Dec 20 K-Electric Limited(KEL)	81,901,542 ▲ 0.16
Cnergyico PK / Dec 20 Cnergyico PK Limited(CNERGY)	68,345,098 ▲ 0.12
Pak Elektron / Dec 20 Pak Elektron Limited(PAEL)	57,974,101 ▲ 1.47
Pak Refinery / Dec 20 Pakistan Refinery Limited(PRL)	45,251,944 ▲ 0.40
Pace (Pak) Ltd. / Dec 20 Pace (Pakistan) Limited(PACE)	43,240,462 ▲ 1.00
Sui South Gas / Dec 20 Sui Southern Gas Company Limited(SSGC)	40,539,001 ▼ -0.74
B.O.Punjab / Dec 20 The Bank of Punjab(BOP)	35,598,669 ▲ 0.24
Symmetry Group / Dec 20 Symmetry Group Limited(SYM)	34,869,613 ▼ -0.72

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