Toyota Pakistan’s chief says 50% of Corolla Cross value comes from localised parts Indus Motor Company, the assembler of Toyota vehicles in Pakistan, has recently launched its Hybrid Electric Vehicle... Published 20 Dec, 2023 09:00pm
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
Print Ways identified to salvage economy, back businesses Country’s top businessmen urge government to reform Federal Board of Revenue Updated 08 Dec, 2023 10:03am
Business & Finance Landmark achievement: IMC holds line-off ceremony for first locally-made HEV KARACHI: In a landmark event for the Pakistani automotive industry, Indus Motor Company (IMC) held line-off ceremony... Updated 07 Dec, 2023 09:41am
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
Business & Finance Suzuki Motor proposes purchase of minority shareholders’ stake at minimum Rs406 per share Development follows intention of PSMC's majority shareholder to buy back nearly 22.15mn shares Updated 04 Dec, 2023 10:41pm
Business & Finance Automakers continue to shut production amid falling demand, raw material shortage Amid a decline in demand and the inability to procure much-needed raw material, various companies in the auto sector... Updated 01 Dec, 2023 06:06pm
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
Print Auto sector: Govt mulling revalidating import quotas of new entrants ISLAMABAD: The government is considering revalidating import quotas of new entrants till June, 30, 2023 in the light... Updated 24 Nov, 2023 09:42am
Markets Chinese auto giant BYD ‘discusses’ Pakistan’s EV sector potential: Board of Investment BYD, a Chinese auto conglomerate and the world’s largest electric vehicles (EVs) manufacturer, discussed Pakistan’s... Updated 23 Nov, 2023 08:12pm
Business & Finance Honda Atlas Cars’ profit-after-tax clocks in at Rs675m in July-Sept Despite lower sales, the profit-after-tax (PAT) of Honda Atlas Cars (Pakistan) Limited (HCAR) clocked in at Rs675.34... Published 22 Nov, 2023 01:44pm
Technology EVs’ manufacturing licenses: two, three wheelers take front seat in Pakistan A four-wheel EV manufacturer yet to approach govt for license under EV policy Updated 17 Nov, 2023 10:11pm
Print 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 Pak Suzuki announces yet another shutdown of automobile plant Pak Suzuki Motor Company (PSMC) on Wednesday announced another temporary shutdown of its automobile plant amid... Updated 08 Nov, 2023 03:05pm
Business & Finance Honda Atlas Cars extends plant shutdown Honda Atlas Cars (Pakistan) Limited, a subsidiary of Honda Motor Co., Ltd., Japan, on Tuesday announced a temporary... Updated 07 Nov, 2023 07:00pm
Business & Finance Automakers in Pakistan announce temporary shutdowns as economic woes bite Pak Suzuki Motor Company announces another shutdown of automobile plants Agriauto Industries says it will observe a partial shutdown Updated 01 Nov, 2023 04:35pm
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
Print 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 Auto part makers call for tax cut on local vehicles to boost manufacturing The country’s auto part makers have asked the government to reduce taxes on the auto sector to boost localisation.... Published 27 Oct, 2023 10:44pm
Life & Style ‘Pakistan Auto Show’ begins today KARACHI: The upcoming Pakistan Auto Show, to be held in Karachi from October 27-29, is set to feature over 150... Published 27 Oct, 2023 05:16am
Business & Finance PAAPAM members say ‘significant’ import substitution, exports possible in Pakistan KARACHI: Pakistan Association of Automotive Parts & Accessories Manufacturers (PAAPAM) officials believe... Updated 26 Oct, 2023 10:08pm
Business & Finance PSMC has not yet announced reduction in Suzuki car prices: spokesperson Pak Suzuki Motor Company Limited (PSMC) has not announced a reduction in prices at present, its spokesperson... Published 26 Oct, 2023 06:38pm
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
Print Auto manufacturing units: Ministry decides to re-validate licences ISLAMABAD: The Ministry of Industries has decided to re-validate the licenses of auto manufacturing units operating... Updated 26 Oct, 2023 09:34am
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 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 Atlas Honda’s profit up nearly 152% in July-Sept Atlas Honda Limited (ALTH), one of Pakistan’s largest motorcycle manufacturers, saw its profit-after-tax (PAT) jump... Published 23 Oct, 2023 05:14pm
Markets Auto sector leads rally KARACHI: A bullish trend continued on Pakistan Stock Exchange on Friday on the back of aggressive buying, mainly in... Published 21 Oct, 2023 06:05am
Business & Finance Suzuki here to stay, company reiterates its commitment to Pakistan’s market Suzuki Motor Corporation will continue to invest in Pakistan and ensure that Pak Suzuki serves its customers in... Published 19 Oct, 2023 09:55pm
Pakistan EV giant BYD considering investment in Pakistan, says Dr Ejaz BYD, a Chinese auto conglomerate and the world’s largest electric vehicles (EVs) manufacturer, is considering... Updated 19 Oct, 2023 04:05pm
Pakistan’s pharma sector can increase exports to $3bn in five years, but it ‘needs policy, govt support’