Import of used cars: Surge causing adverse impact on local auto sector KARACHI: Over 6,000 used cars have been imported during the last financial year, giving a significant blow to the... Updated 07 Oct, 2023 09:51am
Markets Lucky Motor Corp reduces KIA car prices in Pakistan after rupee’s appreciation Company cuts vehicle rates by up to Rs500,000 Published 06 Oct, 2023 12:04am
BR Research Autos: Demand-side now in play Continued and persistent supply restrictions facing automobile assemblers importing vital raw materials in order to... Published 04 Oct, 2023 08:51am
Business & Finance More companies announce temporary shutdowns as economic woes continue Despite the government’s decision to ease restrictions on the approval of Letters of Credit (LCs), Pakistan’s... Updated 02 Oct, 2023 04:02pm
Business & Finance Pak Suzuki Motors committed to providing affordable vehicles: CE LAHORE: The Pak Suzuki Motors Chief Executive Hiroshi Kawamura has said that the Suzuki Motors has been working on... Published 29 Sep, 2023 06:24am
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 Indus Motor Company announces another plant shutdown Indus Motor Company (IMC), the assembler of Toyota vehicles in Pakistan, has once again announced that it will shut... Published 27 Sep, 2023 04:22pm
Opinion Engineering evolution or devolution? Across the world, the engineering industry is one of the significant contributors to the economy. However, in... Updated 27 Sep, 2023 06:59am
Print Sugar, poultry, auto and cement sectors: Dysfunctional Competition Tribunal unable to take decisions, Shamshad told ISLAMABAD: Dr Kabir Ahmed Sidhu, Chairman Competition Commission of Pakistan (CCP) Monday conveyed to Finance... Updated 26 Sep, 2023 08:51am
Business & Finance Detroit’s ONE is gearing up to potentially change EV battery landscape DETROIT, MICHIGAN: Pakistani-origin American Mujeeb Ijaz, the CEO and founder of Michigan-based Our Next Energy... Published 20 Sep, 2023 06:28am
Business & Finance Chinese firm to establish EV plant in Pakistan ISLAMABAD: A Chinese electric car manufacturer has announced establishing an electric vehicle (EV) plant in Pakistan... Published 17 Sep, 2023 06:05am
BR Research Told you so! Despite a marked decline in automobile volumes over the past year—and a host of demand suppressing factors... Published 14 Sep, 2023 08:54am
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 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
Markets Automart: car prices in Karachi Rates in the week ended Sunday September 03, 2023 Updated 04 Sep, 2023 07:24am
Business & Finance Pak Suzuki, Agriauto announce shutdown as economic woes bite Feeling the pinch of economic conditions, Pak Suzuki Motor Company (PSMC) and parts-maker Agriauto Industries... Updated 01 Sep, 2023 08:08pm
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 Indus Motor counting on its hybrid Corolla Cross as petrol prices hit record high KARACHI: Indus Motor Company, the maker of Toyota-brand vehicles in Pakistan, is betting on its upcoming hybrid car,... Updated 30 Aug, 2023 08:03pm
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
Markets Pak Suzuki bleeds Rs9.68bn as losses in 6MCY23 as finance costs soar Company remained non-operational through much of the period, as it faced inventory shortages Updated 25 Aug, 2023 03:54pm
Business & Finance Indus Motor Company again announces 12-day plant shutdown Indus Motor Company, the assembler of Toyota automobiles in Pakistan, has decided to shut production from August 25,... Published 24 Aug, 2023 04:02pm
Markets Automart: car prices in Karachi Rates in the week ended Monday August 15, 2023 Published 15 Aug, 2023 06:30am
Business & Finance First month of FY24: Car sales down 57% YoY as rising prices suppress demand Pakistan Automotive Manufacturers Association says only 5,092 units were sold in July Published 11 Aug, 2023 10:36pm
Business & Finance Honda Atlas Cars’ profit-after-tax plunges 78% in April-June Quarterly earnings fall from Rs658.2mn to Rs144.96mn on a yearly basis as sales see nearly 90% decline Updated 25 Jul, 2023 07:05pm
Business & Finance MG HS Excite and 2.0 AWD: MG Pakistan to launch two new variants LAHORE: MG Pakistan – a joint venture between SAIC, the number one Chinese and the sixth-largest global automobile... Updated 25 Jul, 2023 08:00pm
Business & Finance ‘Historic feat’: Indus Motor signs pact with Toyota Egypt KARACHI: Marking a historic turning point, Indus Motor Company (IMC) has become the first auto manufacturer to open... Published 12 Jul, 2023 06:39am
Business & Finance Fiscal year 2022-23: car sales drop 56% due to high prices, low purchasing power Automobile firms sell 126,879 cars in previous fiscal year Published 11 Jul, 2023 09:33pm
Business & Finance Pakistan’s Indus Motor Company starts exports to Toyota Egypt: CEO Agreement signed, Ali Asghar Jamali says 'too early' to deem it turning point for struggling auto sector Updated 11 Jul, 2023 06:52pm
Behind the screens: SECP probe into State Life’s equity investment process opens Pandora’s box at PSX?