Trends - PAMA - Business Recorder

PAMA

Lower interest rates: car sales in Pakistan increase 27% MoM in October 2024

Car sales in Pakistan surged by 27% month-on-month (MoM) to 13,100 units in October 2024 as lower interest rates...

Updated 12 Nov, 2024 12:14am

Business & Finance

Car sales surge by 24% YoY in September

Backlog deliveries and promotional discounts drive growth

Published 10 Oct, 2024 08:22pm

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

Car sales in Pakistan surge 12% MoM in April

Car sales in Pakistan increased 12% on a monthly basis in April 2024, as the total number of units sold in the said...

Published 13 May, 2024 11:10pm

Local automobile industry in deep trouble: PAMA

KARACHI: The local automobile industry, already grappling with myriad of challenges, is now being severely impacted...

Updated 27 Mar, 2024 09:34am

Locally-made passenger cars: PAMA protests GST hike proposal by govt

KARACHI: The Pakistan Automotive Manufacturers Association (PAMA) has strongly protested the government’s proposal...

Updated 17 Feb, 2024 09:58am

Markets

‘Cars will become more expensive’: automakers decry hike in sales tax

Automakers on Friday lamented the recent government decision to increase sales tax to 25% for the sector, saying the...

Published 16 Feb, 2024 09:51pm

Business & Finance

Passenger car sales in Pakistan plunge 68% YoY in November

Passenger car sales in Pakistan witnessed a steep fall of 68% on a year-on-year (YoY) basis in November 2023, data...

Published 11 Dec, 2023 09:11pm

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

New automobile safety standards: PAMA concerned over not being invited to meeting

KARACHI: Pakistan Automotive Manufacturers Association (PAMA) has expressed concerns over not being invited to a...

Published 14 Sep, 2023 06:07am

Business & Finance

Indus Motor Company’s profit falls 39% YoY to Rs9.66bn in FY23

Company declares final cash dividend of Rs29 per share

Updated 28 Aug, 2023 10:10pm

Business & Finance

‘WHT levy based on invoice price’ PAMA voices its concern over budget proposal

KARACHI: Local auto assemblers have expressed concerns over a budget proposal for the fiscal year 2023-24, which...

Published 03 Jun, 2023 03:52am

Pakistan

Honda Pakistan ‘prepares to resume operations’ after months-long closure

Company cites improvement in accessibility of trade finance as reason

Updated 15 May, 2023 04:13pm

Business & Finance

RD abolishment on imported luxury vehicles may hurt local auto industry

KARACHI: The government’s decision to terminate regulatory duty (RD) on imported luxury vehicles will likely to...

Published 14 May, 2023 03:24am

Markets

Indus Motor Company reports profit of Rs3.22bn for Jan-Mar, 37% lower YoY

However, on a quarter-to-quarter basis, company's earnings post substantial increase

Updated 26 Apr, 2023 06:01pm

Business & Finance

Pak Suzuki extends motorcycle plant shutdown till April 28

Pak Suzuki Motor Company (PSMC) has announced its motorcycle plant will remain shut until April 28. The decision was...

Updated 13 Apr, 2023 06:18pm

Business & Finance

Baluchistan Wheels shuts production till Eid amid drop in sales

Baluchistan Wheels Limited (BWHL), a manufacturer of steel wheels for automobiles, has said it will shut production...

Updated 07 Apr, 2023 03:17pm

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

Business & Finance

PAMA, PAAPAM apprise SBP governor about problems facing the auto industry

KARACHI: The Pakistan Automotive Manufacturers (PAMA) and the Pakistan Association of Automotive Parts and...

Published 03 Feb, 2023 06:17am

Business & Finance

PSQCA blamed for ‘stopping creation of new industry’

ISLAMABAD: The Pakistan Standards Quality Control Authority (PSQCA) in its eagerness to generate revenue, is losing...

Published 20 Jan, 2023 06:10am

Business & Finance

Shirazi elected chairman of PAMA for 2022-23

KARACHI: General body of Pakistan Automotive Manufacturers Association (PAMA) has elected Saquib H Shirazi, ...

Published 04 Oct, 2022 05:55am

Promotion of electric bikes: PD for formation of inter-ministerial task force to devise mechanism

ISLAMABAD: The Power Division has proposed constitution of an inter-ministerial task force to develop comprehensive...

Updated 30 Aug, 2022 09:47am

Business & Finance

Pak Suzuki dismisses rumours over relaunching Mehran

Social media abuzz with rumours company was looking to restart production of vehicle that was discontinued during FY19

Updated 25 Jun, 2022 10:15pm

PAMA concerned at new mechanism introduced by SBP

KARACHI: Automotive manufacturers have expressed serious concern over a new mechanism introduced by the State Bank ...

Updated 06 Jun, 2022 09:48am

BR Research

Auto financing: Out!

Nothing could be more astonishing than the ability of the Pakistani consumer to absorb the exorbitant increase in ...

Published 16 May, 2022 06:14am

Pakistan

Cars’ sale surges 53.78pc in nine months

ISLAMABAD: Sale of cars during nine months of current fiscal year 2021-22 (Jul-Mar) has surged by 53.78 percent as...

Published 13 Apr, 2022 06:03am

Business & Finance

Yearly basis: Pakistan's passenger car sales accelerate in 2021

PSMC leads the way with 108% year-on-year growth

Published 12 Jan, 2022 02:26pm

Business & Finance

Jul-Nov tractor production increases 15pc YoY

ISLAMABAD: The production of farm tractors in the country witnessed an increase of 15.07 percent to 22,034 units...

Published 30 Dec, 2021 04:39am

Business & Finance

Month-on-month: Pakistan's overall auto sales decline 11% in November

Data by Pakistan Automotive Manufacturers Association shows sale of passenger cars declined by 12% MoM

Updated 14 Dec, 2021 03:30pm

Business & Finance

Cars production witnesses 70pc increase in 4 months: PAMA

ISLAMABAD: The production of cars in the country has witnessed an increase of 70.86 percent during the first four...

Published 22 Nov, 2021 05:31am

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
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 10 Grams PKR / Nov 21	238,340
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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