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Pakistan auto sector

EV policy draft finalised: minister

ISLAMABAD: Federal Minister for Industries and Production Rana Tanveer Hussain on Wednesday announced that the draft...

Updated 21 Nov, 2024 02:37pm

Business & Finance

Sazgar Engineering plans Rs1.5bn land purchase for future expansion

Sazgar Engineering Works Limited (SAZEW), a Pakistani auto manufacturer, has announced plans to purchase land valued...

Updated 14 Nov, 2024 08:52pm

EV charging tariff delay: Govt apathy hits investors and consumers

ISLAMABAD: The government’s apathy towards determination of new tariff to set up Electric Vehicles (EVs) charging...

Updated 14 Nov, 2024 09:23am

Markets

Indus Motor temporarily halts operations citing inventory shortage

Indus Motor Company (INDU), the manufacturer/assembler of Toyota vehicles in Pakistan, has announced to suspend its...

Updated 28 Oct, 2024 10:16pm

Business & Finance

Indus Motor Company’s profit up 58% at Rs5.09bn in 1QFY25

Indus Motor Company (IMC) reported a profit of Rs5.09 billion for the quarter ended September 30, 2024 (1QFY25), an...

Updated 28 Oct, 2024 12:11pm

Business & Finance

PAAPAM holds pre-show press conference to announce PAPS 2024

LAHORE: The Pakistan Association of Automotive Parts & Accessories Manufacturers (PAAPAM) recently held a...

Published 24 Oct, 2024 06:49am

Business & Finance

Pakistan’s Mega Motor secures key partnership with global EV giant BYD

Mega Motor Company (Private) Limited, a subsidiary of The Hub Power Company Limited (HUBCO), has announced a...

Updated 17 Oct, 2024 11:24pm

Business & Finance

eTurbo launches fastest, most economical EV motorcycles

KARACHI: eTurbo Motors has set a new benchmark in Pakistan’s electric vehicle (EV) industry with the launch of the...

Updated 17 Oct, 2024 08:16am

Business & Finance

Pak Suzuki to discontinue its Bolan, launch ‘Every’ in Pakistan

Pak Suzuki Motor Company has formally announced the launch of its new model ‘Every’, ending decades-long production...

Published 11 Oct, 2024 03:31pm

Business & Finance

Car sales surge by 24% YoY in September

Backlog deliveries and promotional discounts drive growth

Published 10 Oct, 2024 08:22pm

Business & Finance

Regal Automobiles gets nod to manufacture Pakistan’s first electric SUV, price set at Rs8.399mn

Becomes second four-wheel carmaker to receive licence from Engineering Development Board for electric vehicles

Published 07 Oct, 2024 10:08pm

Business & Finance

Pakistan’s HUBCO plans to enter lithium mining, battery manufacturing

Hub Power Company Limited (HUBCO), Pakistan’s largest Independent Power Producer (IPP), has announced plans to enter...

Updated 30 Sep, 2024 10:53pm

Technology

Attock Petroleum plans to expand network of EV charging stations across Pakistan

Attock Petroleum Limited (APL) has said that it plans to set up further electric vehicle (EV) charging stations...

Published 26 Sep, 2024 02:01pm

Business & Finance

Indus Motor temporarily halts production citing material shortage

Indus Motor Company (INDU) has announced the shutdown of its plant for five days citing low inventory and a shortage...

Updated 25 Sep, 2024 07:05pm

National Electric Vehicle policy expected in one month

ISLAMABAD: The Steering Committee on Electric Vehicles (EV) has decided to finalise the National Electric Vehicle...

Updated 25 Sep, 2024 09:14am

Business & Finance

New Energy Vehicles: Sazgar Engineering gears up for local assembly in Pakistan by Dec 2025

Sazgar Engineering Works Limited (SAZEW), a Pakistani auto manufacturer, on Monday announced its plans to launch New...

Updated 23 Sep, 2024 10:24pm

Technology

Pakistan’s first locally produced electric car to hit the road in December

Pakistan’s first locally produced four-wheeled electric vehicle (EV) is set to hit the market in December. The...

Updated 14 Sep, 2024 03:57pm

Business & Finance

Dewan Farooque Motors (DFML) starts EV production after EDB’s approval

Dewan Farooque Motors Limited (DFML) said on Tuesday that it has commenced production of electric vehicle (EVs) at...

Updated 10 Sep, 2024 10:57pm

Business & Finance

Despite auto sector’s slowdown, Indus Motor Company’s profit up 56% at Rs15.07bn in FY24

Indus Motor Company (IMC) reported a profit of Rs15.07 billion for the fiscal year that ended June 30, 2024 (FY24),...

Updated 02 Sep, 2024 10:37pm

Markets

Indus Motor to invest another Rs1.1bn ‘for additional localization’

Indus Motor Company Limited (INDU) announced that its board has approved an additional investment of Rs1.1 billion...

Updated 02 Sep, 2024 04:33pm

Opinion

How renewable energy can save the planet

Last week, Pakistan witnessed a significant milestone in its energy transition as the Chinese electric vehicle (EV)...

Published 27 Aug, 2024 06:44am

Govt has failed to finalise policy on EV-charging stations

This comes due to lack of proper coordination between National Energy Efficiency & Conservation Authority (NEECA) and Engineering Development Board (EDB)

Updated 27 Aug, 2024 11:32am

Opinion

Electric Vehicles come to Pakistan

Minister for Finance Muhammad Aurangzeb claimed at the launching ceremony of BYD, a Chinese company globally ...

Updated 26 Aug, 2024 07:36am

Aurangzeb says on BYD’s NEV launch occasion: Plan launched to revitalize economy

The finance minister says the government is committed to supporting the private sector, recognizing its crucial role in driving economic growth

Updated 18 Aug, 2024 01:34pm

Pakistan

Aurangzeb wants BYD to export from Pakistan as Chinese automotive giant launches in country

Finance minister says presence of major global player could enhance the country's export potential in the burgeoning electric vehicle market

Updated 17 Aug, 2024 09:46pm

Business & Finance

ADM Group keen to invest $250m for EVs manufacturing: CEO

ISLAMABAD: ADM Group Chief Executive Officer (CEO) Yasir Bhambhani on Thursday said that the ADM Group was keen to...

Published 16 Aug, 2024 06:56am

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

Markets

Car sales down 36% MoM in July over budgetary measures

Car sales in Pakistan saw a significant month-on-month (MoM) drop in July 2024, plummeting by 36% to 8,589 units,...

Updated 12 Aug, 2024 11:06pm

Business & Finance

Pak Suzuki Motor Co shuts down plant in Karachi

KARACHI: Pak Suzuki Motor Company has been forced to shut down its manufacturing plant in Karachi due to a prolonged...

Published 09 Aug, 2024 06:56am

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

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Nov 21	278.03
USD PKR Interbank Buying / Nov 21	277.78
USD to Japanese Yen / Nov 21	154.92
USD to Swiss Franc / Nov 21	0.88
Pound Sterling to USD / Nov 21	1.26
Euro to USD / Nov 21	1.05

Stock	Volume
S&P 500 / Nov 20	5,917.11
Nasdaq / Nov 20	18,966.14
Dow Jones / Nov 20	43,408.47
India Sensex / Nov 21	77,137.20
Tokyo Nikkei / Nov 21	38,026.17
Hang Seng / Nov 21	19,620.49
FTSE 100 / Nov 21	8,069.57
Germany DAX 30 / Nov 21	18,942.65

Item	Value
Gold 10 Grams PKR / Nov 20	238,940
Petrol/Litre / Nov 21	248.38
Crude Oil USD/Barrel / Nov 21	69.38
Karachi Cotton PKR/37.32 KG / Nov 21	17,785
Gold Spot USD/Ounce / Nov 21	2,662.71
Diesel/Litre / Nov 21	255.14

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Nov 21 786 Investments Limited(786)	7.11 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Nov 21 Al-Abbas Sugar Mills Limited(AABS)	611.40 ▼ 0.00 (0.00%)
Agro Allianz / Nov 21 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Nov 21 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Nov 21 Ali Asghar Textile Mills Limited(AATM)	63.60 ▼ 0.00 (0.00%)
Allied Bank / Nov 21 Allied Bank Limited(ABL)	114.42 ▼ 0.00 (0.00%)
Abbott Lab. / Nov 21 Abbott Laboratories (Pakistan) Limited(ABOT)	1,048.22 ▼ 0.00 (0.00%)
Abson Ind. / Nov 21 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Nov 21 Alfalah Consumer Index ETF.(ACIETF)	12.32 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Nov 21 786 Investments Limited(786)	7.11 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Nov 21 Al-Abbas Sugar Mills Limited(AABS)	611.40 ▲ 0.00 (0.00%)
Agro Allianz / Nov 21 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Nov 21 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Nov 21 Ali Asghar Textile Mills Limited(AATM)	63.60 ▲ 0.00 (0.00%)
Allied Bank / Nov 21 Allied Bank Limited(ABL)	114.42 ▲ 0.00 (0.00%)
Abbott Lab. / Nov 21 Abbott Laboratories (Pakistan) Limited(ABOT)	1,048.22 ▲ 0.00 (0.00%)
Abson Ind. / Nov 21 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Nov 21 Alfalah Consumer Index ETF.(ACIETF)	12.32 ▲ 0.00 (0.00%)

Stock	Volume
K-Electric Ltd. / Nov 21 K-Electric Limited(KEL)	174,389,145 ▲ 0.00
Hascol Petrol / Nov 21 Hascol Petroleum Limited(HASCOL)	63,973,243 ▲ 0.00
Kohinoor Spining / Nov 21 Kohinoor Spinning Mills Limited(KOSM)	62,996,737 ▲ 0.00
Aisha Steel Mill / Nov 21 Aisha Steel Mills Limited(ASL)	48,137,561 ▲ 0.00
Waves Home Appliances / Nov 21 Waves Home Appliances Limited(WAVESAPP)	43,506,391 ▲ 0.00
Lotte Chemical / Nov 21 Lotte Chemical Pakistan Limited(LOTCHEM)	40,852,960 ▲ 0.00
Telecard Limited / Nov 21 Telecard Limited(TELE)	36,937,252 ▲ 0.00
Cnergyico PK / Nov 21 Cnergyico PK Limited(CNERGY)	31,401,025 ▲ 0.00
WorldCall Telecom / Nov 21 Worldcall Telecom Limited(WTL)	31,346,592 ▲ 0.00

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Pakistan auto sector

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