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automaker

General Motors approves new $6 billion share buyback plan

General Motors on Tuesday announced a new $6 billion share buyback plan, just over a month after the automaker...

Published 11 Jun, 2024 05:16pm

Sports

Spin to win for Afghanistan at World Cup

PUNE: When cricket lovers refer to a ‘fearsome foursome’ they are usually talking about one of the West Indies’...

Published 29 Oct, 2023 06:10pm

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

Business & Finance

Govt, auto sector appear ‘close to resolving manufacturing certificate’ issue

OEMs' licence expired at the end of September, and has not yet been renewed due to companies missing the 2% export target in FY23

Published 26 Oct, 2023 06:50am

Business & Finance

After Toyota, Honda Atlas also reduces car prices in Pakistan

Honda Atlas Cars is the latest to announce reduction in car prices by up to Rs300,000, in line with rupee’s...

Published 25 Oct, 2023 09:49pm

Business & Finance

Mitsubishi Motors to end production in China

TOKYO: Japan’s Mitsubishi Motors will end production in China, the company said on Tuesday, after failing to keep...

Published 25 Oct, 2023 06:19am

Business & Finance

As high as Rs1.31mn: Indus Motor announces significant reduction in Toyota car prices

Rates reduced in range of 2 to 8% following rupee's recent appreciation against US dollar

Updated 24 Oct, 2023 06:54pm

Business & Finance

Tesla Q2 margins fall as it boosts discounts to drive demand

NEW YORK: Tesla beat quarterly revenue expectations on Wednesday, but said gross margin fell in the second quarter...

Published 24 Jul, 2023 06:11am

Business & Finance

Ford to cut 3,800 jobs, mostly in Germany and UK

PARIS: US automaker Ford said Tuesday it would cut 3,800 jobs in Europe, mostly in Britain and Germany, as...

Published 20 Feb, 2023 06:26am

Business & Finance

IMC profit after tax declines by 74.3pc in Q2

KARACHI: Indus Motor Company Limited (IMC) announced its financial results for the second quarter ended December 31,...

Published 14 Feb, 2023 07:18am

Business & Finance

Car sales drop to 31-month low in Pakistan

Amount to 10,867 units in January 2023 after 36% month-on-month drop

Published 13 Feb, 2023 10:11pm

Markets

Indus Motor after-tax income plunges 72% in Q2 FY23

Profit After Tax fell from Rs4.75 billion in 2QFY22 to Rs1.33 billion. Also announces interim cash dividend of Rs10.2/share

Published 13 Feb, 2023 01:06pm

Business & Finance

Second hike in two weeks: Honda Atlas jacks up car prices by up to Rs550,000

New prices came into effect on February 4, 2023

Updated 06 Feb, 2023 04:23pm

Business & Finance

Renault, Nissan boards approve ‘rebalanced’ alliance

LONDON: The boards of French automaker Renault and Japanese partner Nissan have approved a major overhaul of their...

Published 06 Feb, 2023 12:53pm

Business & Finance

Nissan directors endorse steps to reach deal with Renault

TOKYO: A Nissan Motor Co board committee reviewed proposals from Renault SA on Monday and endorsed pressing ahead on...

Published 17 Jan, 2023 11:23am

Business & Finance

Pak Suzuki extends plant shutdown again due to inventory shortage

Plant to be closed until January 20

Updated 13 Jan, 2023 09:06pm

Business & Finance

Tata Motors extends losses on chip woes, weak exports

MUMBAI: India’s Tata Motors announced a seventh consecutive quarter of losses Wednesday as chip shortages and weak...

Published 09 Nov, 2022 05:34pm

Business & Finance

India's Tata Motors to delist American Depositary Shares from January

BENGALURU: Indian automaker Tata Motors said on Wednesday it plans to delist its American Depositary Shares (ADS)...

Updated 09 Nov, 2022 06:10pm

Business & Finance

Dewan Farooque Motors says it has entered into agreement with KIA Corp to assemble its vehicles in Pakistan

Dewan Farooque Motors Limited (DFML) announced on Monday that it has entered into a Technology License Agreement...

Updated 07 Nov, 2022 06:42pm

BR Research

OMC sales: of weak demand and high prices

The consumption of petroleum products in the country improved during October as compared to the previous month ...

Published 04 Nov, 2022 08:54am

Pakistan

Govt should revisit auto policy, PAC told

ISLAMABAD: The policy of import compression by the government to manage the balance of payments which was ...

Updated 19 Oct, 2022 07:20am

Business & Finance

Tesla steps up recruiting in Thailand as EV competition heats up

BANGKOK: Tesla Inc is stepping up recruitment in Thailand, Southeast’s Asia automotive hub, with the U.S. electric...

Published 05 Sep, 2022 05:47pm

Business & Finance

Pak Suzuki announces further extension in automobile plant shutdown

Pak Suzuki Motor Company (PSMC) on Monday said it has further extended the shutdown of its automobile production...

Published 29 Aug, 2022 04:43pm

Business & Finance

After Toyota and Suzuki, Honda reduces car prices in Pakistan

Cuts vehicle rates in view of significant recovery in rupee's value against dollar

Updated 17 Aug, 2022 05:28pm

Business & Finance

Pak Suzuki cuts car prices by up to Rs199,000

Company decreases rates owing to steep rupee appreciation

Updated 16 Aug, 2022 08:19pm

Business & Finance

Pak auto industry among main beneficiaries of CPEC: PCJCCI chief

LAHORE: “Automobile industry is an integral part for the development of highways, roads and infrastructure and it...

Published 12 Aug, 2022 05:44am

Pakistan

Minister inaugurates Pakistan Auto Show 2022

LAHORE: Federal Minister for Industries and Production Syed Murtaza Mahmood on Friday inaugurated the Pakistan Auto...

Published 30 Jul, 2022 03:39am

Pakistan

Indus Motor Company announces temporary shutdown of plant from Aug 1

Company says insufficient inventory levels to maintain further production forcing it towards temporary production shutdown
Plant to stay closed till August 13, 2022

Updated 29 Jul, 2022 11:52am

Business & Finance

Pakistan Auto Show 2022 to start on 29th

LAHORE: The largest exhibition of automobiles in the country - The Pakistan Auto Show 2022 (PAS-22) is being held on...

Published 19 Jul, 2022 07:41am

Business & Finance

Musk says Tesla could lower car prices if inflation slows

Tesla Inc Chief Executive Officer Elon Musk said on Friday the electric automaker could lower prices for cars if...

Published 15 Jul, 2022 07:01pm

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Dec 23	278.69
USD PKR Interbank Buying / Dec 23	278.43
USD to Japanese Yen / Dec 23	156.63
USD to Swiss Franc / Dec 23	0.90
Pound Sterling to USD / Dec 23	1.26
Euro to USD / Dec 23	1.04

Stock	Volume
S&P 500 / Dec 20	5,930.85
Nasdaq / Dec 20	19,572.60
Dow Jones / Dec 20	42,840.26
India Sensex / Dec 23	78,595.51
Tokyo Nikkei / Dec 23	39,161.34
Hang Seng / Dec 23	19,857.04
FTSE 100 / Dec 23	8,068.16
Germany DAX 30 / Dec 23	19,830.32

Item	Value
Gold 10 Grams PKR / Dec 20	234,311
Karachi Cotton PKR/37.32 KG / Dec 21	17,585
Petrol/Litre / Dec 23	252.10
Crude Oil USD/Barrel / Dec 23	69.79
Gold Spot USD/Ounce / Dec 23	2,632.38
Diesel/Litre / Dec 23	255.38

Gainers
Losers
Leaders

Stock	Price
First Capital Equities / Dec 23 First Capital Equities Limited(FCEL)	6.15 ▲ 1.00 (19.42%)
Dewan Sugar / Dec 23 Dewan Sugar Mills Limited(DWSM)	6.60 ▲ 1.00 (17.86%)
Cnergyico PK / Dec 23 Cnergyico PK Limited(CNERGY)	6.83 ▲ 0.92 (15.57%)
Jahangir Sidd(Pref) / Dec 23 Jahangir Sidd(Pref)(JSCLPSA)	9.50 ▲ 0.95 (11.11%)
Chenab Ltd (Pref) / Dec 23 Chenab Limited (Pref)(CLCPS)	3.75 ▲ 0.36 (10.62%)
Dewan Farooque Sp. / Dec 23 Dewan Farooque Spinning Mills Limited(DFSM)	4.72 ▲ 0.45 (10.54%)
Trust Sec.& Brok. / Dec 23 Trust Securities & Brokerage Limited(TSBL)	10.55 ▲ 1.00 (10.47%)
Dawood Equities / Dec 23 Dawood Equities Limited(DEL)	10.63 ▲ 1.00 (10.38%)
HBL Invest Fund / Dec 23 HBL Investment Fund(HIFA)	4.15 ▲ 0.39 (10.37%)

Stock	Price
Sindh Abadgar / Dec 23 Sindh Abadgar's Sugar Mills Limited(SASML)	36.60 ▼ -4.07 (-10.01%)
Blue-Ex Ltd / Dec 23 Blue-Ex Limited (GEM)(GEMBLUEX)	40.87 ▼ -4.54 (-10.00%)
J.A.Textile / Dec 23 J.A. Textile Mills Limited(JATM)	37.72 ▼ -4.19 (-10.00%)
Asia Ins. / Dec 23 Asia Insurance Company Limited(ASIC)	13.96 ▼ -1.55 (-9.99%)
Dar-es-Salaam / Dec 23 Dar-es-Salaam Textile Mills Limited(DSML)	42.01 ▼ -4.58 (-9.83%)
First Tri-Star Mod. / Dec 23 First Tri-Star Modaraba(FTSM)	14.01 ▼ -1.33 (-8.67%)
Dadabhoy Cement / Dec 23 Dadabhoy Cement Industries Limited(DBCI)	6 ▼ -0.54 (-8.26%)
Oilboy Energy / Dec 23 Oilboy Energy Limited(OBOY)	10.46 ▼ -0.93 (-8.17%)
Burj Clean Energy Modaraba / Dec 23 Burj Clean Energy Modaraba(GEM)(GEMBCEM)	8.45 ▼ -0.65 (-7.14%)

Stock	Volume
WorldCall Telecom / Dec 23 Worldcall Telecom Limited(WTL)	99,942,750 ▲ 0.14
Cnergyico PK / Dec 23 Cnergyico PK Limited(CNERGY)	66,327,753 ▲ 0.92
Pace (Pak) Ltd. / Dec 23 Pace (Pakistan) Limited(PACE)	43,280,462 ▲ 0.19
K-Electric Ltd. / Dec 23 K-Electric Limited(KEL)	40,644,312 ▲ 0.37
Sui South Gas / Dec 23 Sui Southern Gas Company Limited(SSGC)	40,619,788 ▲ 0.76
Pak Elektron / Dec 23 Pak Elektron Limited(PAEL)	38,585,180 ▲ 1.96
Fauji Foods Ltd / Dec 23 Fauji Foods Limited(FFL)	35,015,764 ▲ 1.32
P.T.C.L. / Dec 23 Pakistan Telecommunication Company Ltd(PTC)	33,026,526 ▲ 2.58
B.O.Punjab / Dec 23 The Bank of Punjab(BOP)	29,495,012 ▲ 0.26

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