Trends - auto sector - Business Recorder

auto sector

Auto industry likely to shrink over 30% in FY23: company study

Decrease likely due to high interest rates, inflation, fuel costs, rupee depreciation

Updated 29 Jun, 2022 09:13pm

BR Research

Auto financing fades!

Car buyers are seemingly no longer knocking on bank doors for auto loans given the upward trajectory of interest...

Published 27 Jun, 2022 09:25am

Markets

Automart: car prices in Karachi

KARACHI: The prices of different makes and models of cars prevailing in Karachi in the week ended Saturday (June 25,...

Published 26 Jun, 2022 05:44am

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

Large-scale industry: Govt announces 10pc supertax to clinch IMF deal

Says this would take the country towards economic sovereignty and self-reliance

Updated 25 Jun, 2022 09:50am

Pakistan

Watch: Finance Minister Miftah Ismail's entire address in National Assembly

Clarifies super tax of 4% will be applicable to all sectors.
For specified 13 sectors, another 6% will be added for a total of 10%
Their tax rates will go from 29% to 39%
This is a one-time tax aimed at curtailing previous four record budget deficits, says Miftah

Published 24 Jun, 2022 02:45pm

Pakistan

Watch: PM Shehbaz Sharif's entire address on 10% super tax on large industries

We intend to tax high income earners so that the entire nation can reap the benefit through education, health, infrastructure, skills education and IT uplift, he says
Tax will be applicable on cement, steel, sugar, oil and gas, fertiliser, LNG, textile, banks, automobile, beverages, chemicals, tobacco and airlines
Collection from this tax will be used to alleviate poverty in Pakistan

Updated 24 Jun, 2022 02:53pm

Pakistan

Super tax a one-time levy, will help narrow budget deficit: Miftah Ismail

Finance minister says tax applicable for FY23, announces reduction in sales tax on large shops

Updated 24 Jun, 2022 05:58pm

Pakistan

PM Shehbaz slaps 10% 'super tax' on large-scale industries

One-time levy to be imposed on cement, steel, sugar, oil and gas, fertiliser, LNG , textile, banking, and automobile sectors among others for FY23

Updated 24 Jun, 2022 05:53pm

Pakistan

Honda Atlas to introduce locally-assembled Vezel in Pakistan?

Honda Atlas is considering introducing a locally-assembled version of its crossover SUV, Vezel, as Pakistan sees a...

Published 23 Jun, 2022 10:10pm

Business & Finance

BMW starts production at new $2.2bn China plant to ramp up EV output

SHANGHAI: Germany’s BMW said on Thursday that production has formally begun at a new plant in China with an...

Published 23 Jun, 2022 11:37am

BR Research

Autos: Start-stop

Over the past two years, policymakers have reduced or raised taxes, and imposed or relaxed restrictions, at times to...

Published 20 Jun, 2022 09:29am

Markets

Automart: car prices in Karachi

KARACHI: The prices of different makes and models of cars prevailing in Karachi in the week ended Saturday (June 18,...

Published 19 Jun, 2022 06:06am

Business & Finance

‘Pro-HEVs policies can bring substantial savings’

KARACHI: Pakistan can achieve substantial savings due to policies favouring Hybrid Electric Vehicles (HEVs). The...

Published 12 Jun, 2022 06:55am

Markets

Automart: car prices in Karachi

KARACHI: The prices of different makes and models of cars prevailing in Karachi in the week ended Saturday (June 11,...

Published 12 Jun, 2022 04:23am

Pakistan

Budget 2022-23: higher tax imposed on buyers of vehicles over 1,600cc engine capacity

The government jacked up the advance tax on buyers of cars over1,600cc in the budget 2022-23. Buyers of Toyota...

Published 11 Jun, 2022 12:57am

Pakistan

Economic Survey 2021-22: auto sector posts 54% growth

The country's automobile sector posted a significant 54% growth, according to the Pakistan Economic Survey 2021-22...

Updated 09 Jun, 2022 09:40pm

Business & Finance

Delayed deliveries, high ‘own-money’ are every car buyer’s bane in Pakistan

Fahad Ahmed, a businessman, wanted to buy a new vehicle, and instantly faced two options – pay ‘own-money’ for...

Published 07 Jun, 2022 11:30pm

Business & Finance

Auto sales to increase in May, but a slowdown is right around the corner in Pakistan

JS Research says number for May likely to clock in at 22,700 units

Updated 07 Jun, 2022 09:04pm

Business & Finance

Apple dives deeper into autos with software for car dashboard

NEW YORK: Apple Inc on Monday announced it would more deeply integrate its software into the instrument cluster on...

Published 07 Jun, 2022 06:54am

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

Markets

Automart: car prices in Karachi

KARACHI: The prices of different makes and models of cars prevailing in Karachi in the week ended Saturday (June 4,...

Published 05 Jun, 2022 05:54am

Business & Finance

Dealers' association irked by ban on used car imports, wants it reversed

All Pakistan Motor Dealers Association (APMDA) has urged Prime Minister Shehbaz Sharif to allow the import of used...

Published 01 Jun, 2022 08:52pm

Pakistan

PM Shehbaz stresses on industrial collaboration with Turkey

Invites businessmen to invest in hydel, solar and wind projects in Pakistan

Updated 01 Jun, 2022 06:59pm

Business & Finance

Change of guard in FBR leads to end of creating excessive tax demands

LAHORE: A change of guard in the Federal Board of Revenue (FBR) has led to an end to the culture of creating...

Published 31 May, 2022 05:11am

Business & Finance

How a cheap component could help kill off combustion cars

LONDON/BERLIN: The humble wire harness, a cheap component that bundles cables together, has become an unlikely...

Published 30 May, 2022 11:14pm

Business & Finance

Atlas Honda jacks up motorcycle prices by as much as Rs9,000

Increase to come into effect from June 1, 2022

Published 30 May, 2022 07:41pm

Markets

Automart: car prices in Karachi

KARACHI: The prices of different makes and models of cars prevailing in Karachi in the week ended Saturday (May 21,...

Published 29 May, 2022 05:50am

Markets

VW Group to settle UK ‘dieselgate’ claims for £193mn

LONDON: Volkswagen on Wednesday said it would pay £193 million ($242 million, 226 million euros) to British...

Published 25 May, 2022 08:44pm

Business & Finance

Most automakers fall short on climate goals

PARIS: Only two of the world’s 12 top automakers plan to make enough electric vehicles by 2030 to stay in step ...

Published 23 May, 2022 08:02am

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Apr 25	278.52
USD PKR Interbank Buying / Apr 25	278.32
USD to Japanese Yen / Apr 25	155.60
USD to Swiss Franc / Apr 25	0.91
Pound Sterling to USD / Apr 25	1.25
Euro to USD / Apr 25	1.07

Stock	Volume
S&P 500 / Apr 24	5070.63
Nasdaq / Apr 24	15712.75
Dow Jones / Apr 24	38460.92
India Sensex / Apr 25	73780.80
Tokyo Nikkei / Apr 25	37628.48
Hang Seng / Apr 25	17264.90
FTSE 100 / Apr 25	8077.84
Germany DAX 30 / Apr 25	17994.97

Item	Value
Karachi Cotton PKR/37.32 KG / Apr 23	21035
Gold 10 Grams PKR / Apr 23	213220
Crude Oil USD/Barrel / Apr 25	83.02
Gold Spot USD/Ounce / Apr 25	2325.45
Cotton US¢/pound / Apr 25	80.89
Petrol/Litre / Apr 26	293.94

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Apr 26 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Apr 26 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / Apr 26 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Apr 26 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Apr 26 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Apr 26 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / Apr 26 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / Apr 26 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Apr 26 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Apr 26 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Apr 26 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / Apr 26 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Apr 26 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Apr 26 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / Apr 26 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / Apr 26 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / Apr 26 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Apr 26 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / Apr 26 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / Apr 26 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / Apr 26 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / Apr 26 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / Apr 26 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / Apr 26 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / Apr 26 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / Apr 26 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / Apr 26 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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