Trends - automaker - Business Recorder

automaker

Spin to win for Afghanistan at World Cup

PUNE: When cricket lovers refer to a ‘fearsome foursome’ they are usually talking about one of the West Indies’...

Published 29 Oct, 2023 06:10pm

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

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

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

Mitsubishi Motors to end production in China

TOKYO: Japan’s Mitsubishi Motors will end production in China, the company said on Tuesday, after failing to keep...

Published 25 Oct, 2023 06:19am

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

Tesla Q2 margins fall as it boosts discounts to drive demand

NEW YORK: Tesla beat quarterly revenue expectations on Wednesday, but said gross margin fell in the second quarter...

Published 24 Jul, 2023 06:11am

Business & Finance

Ford to cut 3,800 jobs, mostly in Germany and UK

PARIS: US automaker Ford said Tuesday it would cut 3,800 jobs in Europe, mostly in Britain and Germany, as...

Published 20 Feb, 2023 06:26am

Business & Finance

IMC profit after tax declines by 74.3pc in Q2

KARACHI: Indus Motor Company Limited (IMC) announced its financial results for the second quarter ended December 31,...

Published 14 Feb, 2023 07:18am

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

Markets

Indus Motor after-tax income plunges 72% in Q2 FY23

Profit After Tax fell from Rs4.75 billion in 2QFY22 to Rs1.33 billion. Also announces interim cash dividend of Rs10.2/share

Published 13 Feb, 2023 01:06pm

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

Renault, Nissan boards approve ‘rebalanced’ alliance

LONDON: The boards of French automaker Renault and Japanese partner Nissan have approved a major overhaul of their...

Published 06 Feb, 2023 12:53pm

Business & Finance

Nissan directors endorse steps to reach deal with Renault

TOKYO: A Nissan Motor Co board committee reviewed proposals from Renault SA on Monday and endorsed pressing ahead on...

Published 17 Jan, 2023 11:23am

Business & Finance

Pak Suzuki extends plant shutdown again due to inventory shortage

Plant to be closed until January 20

Updated 13 Jan, 2023 09:06pm

Business & Finance

Tata Motors extends losses on chip woes, weak exports

MUMBAI: India’s Tata Motors announced a seventh consecutive quarter of losses Wednesday as chip shortages and weak...

Published 09 Nov, 2022 05:34pm

Business & Finance

India's Tata Motors to delist American Depositary Shares from January

BENGALURU: Indian automaker Tata Motors said on Wednesday it plans to delist its American Depositary Shares (ADS)...

Updated 09 Nov, 2022 06:10pm

Business & Finance

Dewan Farooque Motors says it has entered into agreement with KIA Corp to assemble its vehicles in Pakistan

Dewan Farooque Motors Limited (DFML) announced on Monday that it has entered into a Technology License Agreement...

Updated 07 Nov, 2022 06:42pm

BR Research

OMC sales: of weak demand and high prices

The consumption of petroleum products in the country improved during October as compared to the previous month ...

Published 04 Nov, 2022 08:54am

Pakistan

Govt should revisit auto policy, PAC told

ISLAMABAD: The policy of import compression by the government to manage the balance of payments which was ...

Updated 19 Oct, 2022 07:20am

Business & Finance

Tesla steps up recruiting in Thailand as EV competition heats up

BANGKOK: Tesla Inc is stepping up recruitment in Thailand, Southeast’s Asia automotive hub, with the U.S. electric...

Published 05 Sep, 2022 05:47pm

Business & Finance

Pak Suzuki announces further extension in automobile plant shutdown

Pak Suzuki Motor Company (PSMC) on Monday said it has further extended the shutdown of its automobile production...

Published 29 Aug, 2022 04:43pm

Business & Finance

After Toyota and Suzuki, Honda reduces car prices in Pakistan

Cuts vehicle rates in view of significant recovery in rupee's value against dollar

Updated 17 Aug, 2022 05:28pm

Business & Finance

Pak Suzuki cuts car prices by up to Rs199,000

Company decreases rates owing to steep rupee appreciation

Updated 16 Aug, 2022 08:19pm

Business & Finance

Pak auto industry among main beneficiaries of CPEC: PCJCCI chief

LAHORE: “Automobile industry is an integral part for the development of highways, roads and infrastructure and it...

Published 12 Aug, 2022 05:44am

Pakistan

Minister inaugurates Pakistan Auto Show 2022

LAHORE: Federal Minister for Industries and Production Syed Murtaza Mahmood on Friday inaugurated the Pakistan Auto...

Published 30 Jul, 2022 03:39am

Pakistan

Indus Motor Company announces temporary shutdown of plant from Aug 1

Company says insufficient inventory levels to maintain further production forcing it towards temporary production shutdown
Plant to stay closed till August 13, 2022

Updated 29 Jul, 2022 11:52am

Business & Finance

Pakistan Auto Show 2022 to start on 29th

LAHORE: The largest exhibition of automobiles in the country - The Pakistan Auto Show 2022 (PAS-22) is being held on...

Published 19 Jul, 2022 07:41am

Business & Finance

Musk says Tesla could lower car prices if inflation slows

Tesla Inc Chief Executive Officer Elon Musk said on Friday the electric automaker could lower prices for cars if...

Published 15 Jul, 2022 07:01pm

Business & Finance

Mercedes sales slump in Q2 as supply problems continue

BERLIN: Mercedes-Benz sales fell sharply in the second quarter, hampered by supply problems and coronavirus-related...

Published 11 Jul, 2022 07:02pm

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Apr 30	278.40
USD PKR Interbank Buying / Apr 30	278.20
USD to Japanese Yen / Apr 30	156.75
USD to Swiss Franc / Apr 30	0.91
Pound Sterling to USD / Apr 30	1.25
Euro to USD / Apr 30	1.07

Stock	Volume
S&P 500 / Apr 29	5116.17
Nasdaq / Apr 29	15983.08
FTSE 100 / Apr 29	8147.03
Dow Jones / Apr 29	38386.09
Germany DAX 30 / Apr 29	18118.32
France CAC40 / Apr 29	8065.15
India Sensex / Apr 30	75020.21
Tokyo Nikkei / Apr 30	38337.50

Item	Value
Karachi Cotton PKR/37.32 KG / Apr 26	20535
Gold 10 Grams PKR / Apr 29	209105
Petrol/Litre / Apr 30	293.94
Crude Oil USD/Barrel / Apr 30	82.43
Gold Spot USD/Ounce / Apr 30	2326.07
Diesel/Litre / Apr 30	290.38

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Apr 30 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Apr 30 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / Apr 30 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Apr 30 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Apr 30 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Apr 30 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / Apr 30 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / Apr 30 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Apr 30 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Apr 30 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Apr 30 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / Apr 30 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Apr 30 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Apr 30 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / Apr 30 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / Apr 30 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / Apr 30 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Apr 30 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / Apr 30 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / Apr 30 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / Apr 30 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / Apr 30 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / Apr 30 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / Apr 30 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / Apr 30 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / Apr 30 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / Apr 30 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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