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auto industry

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

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

BR Research

Cuts and scrapes

Assembly plants for Indus Motors (PSX: INDU) will remain closed for another 6 days after the company completes its...

Published 10 Nov, 2023 08:34am

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

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

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

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

Pakistan’s car sales jump 49% MoM in August

Car sales in Pakistan witnessed an increase of 49% on a month-on-month (MoM) basis in August 2023, clocking in at...

Published 11 Sep, 2023 08:37pm

Business & Finance

2023 a challenging year for automotive industry: ‘Major OEMs are experiencing 55pc drop in volumes’

KARACHI: The financial year 2023 has brought significant challenges to Pakistan’s automotive industry, with original...

Updated 09 Sep, 2023 09:29am

Business & Finance

Import of used cars crippling local auto industry: IMC chief

LAHORE: Chief Executive Indus Motor Company (IMC), Ali Asghar Jamali has lamented that total used car imports have...

Published 07 Sep, 2023 06:21am

Business & Finance

IMC hasn’t announced layoffs despite 55pc cut in production: CEO

KARACHI: Chief Executive Officer, Indus Motor Company (IMC), Ali Asghar Jamali has said that despite registering a...

Published 31 Aug, 2023 06:00am

Business & Finance

Auto sales suffer massive fall of 66% YoY to 9,211 units in March

Non-availability of CKD kits, escalating prices, expensive auto financing drive decline on a yearly basis
Sales are, however, higher on a monthly basis

Published 11 Apr, 2023 07:23pm

Business & Finance

Pak Suzuki jacks up its car prices for a fourth time in 2023

Its cheapest model, the Alto VX, is now priced at Rs2.251mn, while its high-end Swift variant is now at Rs4.96mn

Published 05 Apr, 2023 04:54pm

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

Supplements

The Landscape of the Auto Industry in Pakistan

TEXT: 1972, socialism deeply influenced PPP Government to wrap up the entire industry under nationalization. The...

Published 16 Mar, 2023 06:01am

Business & Finance

Another increase: Honda Atlas jacks up car prices by up to Rs1 million

New prices came into effect on March 14

Updated 14 Mar, 2023 08:34pm

Business & Finance

Auto parts maker Agriauto announces partial plant shutdown in March

Says this is due to reduction in production volumes of major clients

Updated 02 Mar, 2023 04:15pm

Business & Finance

Import restrictions bite: Pak Suzuki extends automobile plant shutdown

Pak Suzuki Motor Company (PSMC) on Friday announced extending the shutdown of its automobile plant from February 20...

Updated 17 Feb, 2023 02:48pm

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

Business & Finance

China’s car sales down

SHANGHAI/BEIJING: China’s passenger car sales fell 37.9% in January, an auto industry body said on Wednesday, as...

Published 09 Feb, 2023 07:00am

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

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

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Dec 10 786 Investments Limited(786)	5.74 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Dec 10 Al-Abbas Sugar Mills Limited(AABS)	526 ▼ 0.00 (0.00%)
Agro Allianz / Dec 10 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Dec 10 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Dec 10 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Dec 10 Allied Bank Limited(ABL)	90.51 ▼ 0.00 (0.00%)
Abbott Lab. / Dec 10 Abbott Laboratories (Pakistan) Limited(ABOT)	500.43 ▼ 0.00 (0.00%)
Abson Ind. / Dec 10 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Dec 10 Alfalah Consumer Index ETF.(ACIETF)	10.99 ▼ 0.00 (0.00%)
Attock Cement / Dec 10 Attock Cement Pakistan Limited(ACPL)	105.15 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Dec 10 786 Investments Limited(786)	5.74 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Dec 10 Al-Abbas Sugar Mills Limited(AABS)	526 ▲ 0.00 (0.00%)
Agro Allianz / Dec 10 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Dec 10 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Dec 10 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / Dec 10 Allied Bank Limited(ABL)	90.51 ▲ 0.00 (0.00%)
Abbott Lab. / Dec 10 Abbott Laboratories (Pakistan) Limited(ABOT)	500.43 ▲ 0.00 (0.00%)
Abson Ind. / Dec 10 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Dec 10 Alfalah Consumer Index ETF.(ACIETF)	10.99 ▲ 0.00 (0.00%)
Attock Cement / Dec 10 Attock Cement Pakistan Limited(ACPL)	105.15 ▲ 0.00 (0.00%)

Stock	Volume
K-Electric Ltd. / Dec 10 K-Electric Limited(KEL)	342,535,258 ▲ 0.00
WorldCall Telecom / Dec 10 Worldcall Telecom Limited(WTL)	98,557,282 ▲ 0.00
P.T.C.L. / Dec 10 Pakistan Telecommunication Company Ltd(PTC)	58,736,500 ▲ 0.00
Kohinoor Spining / Dec 10 Kohinoor Spinning Mills Limited(KOSM)	56,593,500 ▲ 0.00
Fauji Foods Ltd / Dec 10 Fauji Foods Limited(FFL)	47,998,197 ▲ 0.00
Cnergyico PK / Dec 10 Cnergyico PK Limited(CNERGY)	46,684,647 ▲ 0.00
B.O.Punjab / Dec 10 The Bank of Punjab(BOP)	32,876,325 ▲ 0.00
Pak Elektron / Dec 10 Pak Elektron Limited(PAEL)	29,819,540 ▲ 0.00
Hascol Petrol / Dec 10 Hascol Petroleum Limited(HASCOL)	27,935,500 ▲ 0.00
Pak Int.Bulk / Dec 10 Pakistan International Bulk Terminal(PIBTL)	25,443,500 ▲ 0.00

Markets →

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Dec 8	284.30
USD PKR Interbank Buying / Dec 8	283.95
USD to Japanese Yen / Dec 8	144.95
USD to Swiss Franc / Dec 8	0.88
Pound Sterling to USD / Dec 8	1.25
Euro to USD / Dec 8	1.08
UK LIBOR % / Dec 8	5.48

Stock	Volume
S&P 500 / Dec 8	4604.37
India Sensex / Dec 8	69825.60
Tokyo Nikkei / Dec 8	32307.86
Nasdaq / Dec 8	14403.97
Hang Seng / Dec 8	16334.37
FTSE 100 / Dec 8	7554.47
Dow Jones / Dec 8	36247.87
Germany DAX 30 / Dec 8	16759.22
France CAC40 / Dec 8	7526.55

Item	Value
Crude Oil USD/Barrel / Dec 8	71.23
Karachi Cotton PKR/37.32 KG / Dec 8	17235
Gold 10 Grams PKR / Dec 8	187414
Gold Spot USD/Ounce / Dec 8	2004.67
Cotton US¢/pound / Dec 8	81.44

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