AIRLINK 85.06 Decreased By ▼ -2.14 (-2.45%)
BOP 4.98 Decreased By ▼ -0.04 (-0.8%)
CNERGY 4.12 Increased By ▲ 0.03 (0.73%)
DFML 37.20 Decreased By ▼ -0.70 (-1.85%)
DGKC 92.80 Decreased By ▼ -1.08 (-1.15%)
FCCL 23.41 Decreased By ▼ -0.36 (-1.51%)
FFBL 33.05 Increased By ▲ 0.38 (1.16%)
FFL 9.25 No Change ▼ 0.00 (0%)
GGL 10.02 Decreased By ▼ -0.01 (-0.1%)
HASCOL 6.35 Decreased By ▼ -0.19 (-2.91%)
HBL 123.83 Increased By ▲ 1.91 (1.57%)
HUBC 147.00 Increased By ▲ 1.35 (0.93%)
HUMNL 10.95 Increased By ▲ 0.45 (4.29%)
KEL 4.66 Decreased By ▼ -0.08 (-1.69%)
KOSM 4.12 Decreased By ▼ -0.07 (-1.67%)
MLCF 38.64 Decreased By ▼ -0.16 (-0.41%)
OGDC 132.80 Decreased By ▼ -2.21 (-1.64%)
PAEL 25.05 Decreased By ▼ -0.03 (-0.12%)
PIBTL 6.20 Decreased By ▼ -0.07 (-1.12%)
PPL 119.30 Decreased By ▼ -0.38 (-0.32%)
PRL 24.69 Increased By ▲ 0.59 (2.45%)
PTC 12.16 Decreased By ▼ -0.06 (-0.49%)
SEARL 59.22 Decreased By ▼ -0.58 (-0.97%)
SNGP 64.15 Decreased By ▼ -0.85 (-1.31%)
SSGC 9.83 Decreased By ▼ -0.22 (-2.19%)
TELE 7.85 Decreased By ▼ -0.02 (-0.25%)
TPLP 9.47 Decreased By ▼ -0.27 (-2.77%)
TRG 64.50 Increased By ▲ 0.20 (0.31%)
UNITY 27.13 Increased By ▲ 0.08 (0.3%)
WTL 1.30 Decreased By ▼ -0.02 (-1.52%)
BR100 8,317 Increased By 6.6 (0.08%)
BR30 25,935 Decreased By -15.3 (-0.06%)
KSE100 78,696 Decreased By -105.6 (-0.13%)
KSE30 25,418 Decreased By -19.6 (-0.08%)
Business & Finance

5,000 MG Cars cleared at Karachi Port

  • The court ordered to release 5,000 Morris Garages (MG) vehicles stuck at the Karachi port.
Published March 11, 2021

The wait is finally over as the court ordered to release 5,000 Morris Garages (MG) vehicles stuck at the Karachi port.

This is great news for customers who had already booked these vehicles and were patiently waiting for them, and those who were planning to purchase the MG vehicles.

The MG cars were stuck at the Karachi Port due to a dispute over the valuation of the products between Pakistan Customs and MG Motors Pakistan, as reported by Pakwheels.com.

Pakistan Customs had stopped the cars at the Karachi port over the difference in valuation and MG Motors had to submit a Pay Order to the court as a guarantee to get them cleared.

It is important to note that if the case is won by Customs, it would cash the Pay Order; otherwise, MG Motors will get these Pay Orders back.

While a lot of people were worried about the delays in the delivery of MG cars, this recent update puts various speculations about the auto manufacturer's future in Pakistan to rest.

Comments

Comments are closed.