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BMW

BMW profit boosted by Chinese joint venture, strong car prices

LONDON: BMW posted a rise in first-quarter profit on Thursday, boosted by a reevaluation of the German car maker’s...

Published 05 May, 2022 12:01pm

Markets

BMW, Mercedes-Benz to sell car-sharing joint venture to Stellantis

FRANKFURT: BMW and Mercedes-Benz are selling their car-sharing joint venture Share Now to Stellantis for an...

Updated 04 May, 2022 10:27am

Business & Finance

BMW and Audi suspend shipments by train to China

German carmakers BMW and Volkswagen’s Audi have suspended shipments of cars by rail from Germany to China due to the...

Published 26 Apr, 2022 11:18am

Markets

BMW launches new 7 Series with all-electric model

NEW YORK: BMW began pre-sales of the seventh generation of the BMW 7 Series on Wednesday, featuring for the first...

Published 20 Apr, 2022 05:51pm

Business & Finance

BMW’s CEO expects chip shortage to last into 2023

BERLIN: A shortage of semiconductors is likely to remain a problem for the auto industry into 2023, German carmaker...

Published 11 Apr, 2022 10:24am

Business & Finance

Import of used cars gaining momentum once again

KARACHI: The import of used cars has been gaining momentum once again despite the government’s resolve to curb ...

Updated 10 Apr, 2022 04:37pm

Business & Finance

Dewan Motors delivers first ever BMW iX Electric Vehicle in Pakistan

KARACHI: The roads of Karachi were electrified when Dewan Motors delivered the first ever BMW iX Electric Vehicle in...

Published 22 Mar, 2022 05:21am

Business & Finance

BMW cuts car unit profit forecast due to Ukraine war

BERLIN: BMW lowered its profit margin expectations for its automotive segment for 2022 due to the war in Ukraine,...

Published 16 Mar, 2022 12:48pm

Markets

BMW triples pre-tax earnings with high prices, top-end vehicle sales

BERLIN: BMW more than tripled its pre-tax earnings to 16 billion euros ($17.67 billion) in 2021, the company said on...

Published 10 Mar, 2022 05:28pm

Markets

BMW recalling 917,000 US vehicles over engine fire concerns

WASHINGTON: BMW will recall 917,106 vehicles in the United States over potential engine fire risks, the German...

Published 09 Mar, 2022 09:04pm

Business & Finance

BMW receives license to take 75% stake in China joint venture

BERLIN: BMW has received the license from Chinese authorities to increase its stake in its Chinese joint venture BMW...

Published 11 Feb, 2022 04:09pm

Business & Finance

Renault says it backs moratorium on deep-sea mining

JOHANNESBURG: French automaker Renault SA has backed a moratorium on deep-sea mining, the company told Reuters on...

Published 11 Feb, 2022 04:31am

Business & Finance

BMW reigns with sales record in 2021 as Daimler, VW lose ground

BERLIN: Volkswagen vehicle deliveries fell 8.1% in 2021 to just under 4.9 million hurt by supply chain bottlenecks,...

Updated 12 Jan, 2022 02:45pm

Technology

BMW’s iX Flow: a colour-changing future?

BMW recently unveiled the world's first colour-changing car at the Consumer Electronics Show (CES) in Las Vegas, a...

Published 10 Jan, 2022 08:48pm

Technology

BMW hits one million EV sales, targeting two million by 2025

BERLIN: BMW has sold its one millionth electric vehicle (EV) and plans to reach two million total EV sales by 2025,...

Published 07 Dec, 2021 02:22pm

Business & Finance

BMW navigates chip crisis to book higher profits

FRANKFURT: German luxury carmaker BMW said Wednesday that it was able to book a significant increase in profits in...

Published 08 Nov, 2021 05:19am

Business & Finance

BMW offsets lower deliveries with higher prices, EV sales

BERLIN: Higher prices and strong electric vehicle sales helped German automaker BMW beat analysts' forecasts on...

Published 03 Nov, 2021 12:31pm

Business & Finance

German auto giants place their bets on hydrogen cars

That's the view of some major automakers, including BMW and Audi, which are developing hydrogen fuel-cell passenger vehicle prototypes alongside their fleets of battery cars as part of preparations to abandon fossil fuels

Published 22 Sep, 2021 12:21pm

Business & Finance

BMW, Daimler sued for refusing to tighten carbon emissions targets

The NGO, Deutsche Umwelthilfe, confirmed to Reuters that the lawsuits had been filed on Monday evening

Published 21 Sep, 2021 10:41am

Business & Finance

BMW backs the restructuring of China JV partner's parent Huachen

"To BMW, Liaoning province and the city of Shenyang have become the crucial innovation and production base in China, and the cornerstone of our future success in China," BMW says

Published 31 Aug, 2021 05:03pm

World

Biden to set target of half of US car sales to be zero-emission by 2030

WASHINGTON: President Joe Biden will set a target on Thursday that half of all cars sold in the United States by ...

Published 06 Aug, 2021 04:18am

Business & Finance

Chip shortage 'likely' to hit second half, BMW predicts

In the first half, this closely watched figure reached 13 percent, well above the figure of negative four percent recorded for 2020

Published 03 Aug, 2021 01:32pm

Business & Finance

EU slaps VW, BMW with 875m euro antitrust fine

BRUSSELS: The EU's antitrust authority on Thursday fined German auto giants Volkswagen and BMW 875 million euros for...

Published 09 Jul, 2021 04:25am

Business & Finance

BMW warns chip supply shortage 'critical', output to suffer

Chip supply outlook for H2 remains tense -board member.
Lost production 30,000 units so far in 2021 -board member.
Comments made as serial production of iX SUV starts.

Published 02 Jul, 2021 06:24pm

Business & Finance

BMW boosts corporate venture investment pool to $900mn

BMW i Ventures, based in Mountain View, California, will manage the fund, as well as continuing to disburse money from its initial 500-million-euro fund.
Its focus continues to be on early to mid-stage startup companies, many of them based in Silicon Valley.

Published 30 Jun, 2021 08:10pm

Business & Finance

Renault-Nissan's India unit wants state govt to set social distancing rules

The Renault-Nissan plant resumed operations last week after workers earlier went on strike saying they felt unsafe due to a rising number of coronavirus infections at the factory.

Published 08 Jun, 2021 10:47am

Business & Finance

BMW plans limited series hydrogen fuel cell SUV in 2022

Speaking at the carmaker's annual shareholder meeting, Chief Executive Officer Oliver Zipse said the company plans a small production run of a hydrogen fuel-cell powered x5 SUV next year.
Most of the auto industry is focusing its efforts on developing battery-electric cars to meet tightening emission standards in Europe and China.

Published 12 May, 2021 05:35pm

Business & Finance

BMW drives profits sharply higher in Q1

BERLIN: German luxury carmaker BMW said Friday that earnings rose sharply in the first three months of the current...

Updated 09 May, 2021 10:30am

Business & Finance

BMW confirms outlook, but says rest of 2021 to be volatile

BMW said that its first-quarter results also received a boost from the sale of previously leased vehicles, in particular in the US market.

Published 07 May, 2021 11:48am

Business & Finance

BMW aiming for quarter of China sales to be electric vehicles by 2025

He said BMW will have 12 electric models for sale in China by 2023.

Published 19 Apr, 2021 12:02pm

Gainers
Losers
Leaders

Stock	Price
Punjab Mod / Dec 6 First Punjab Modaraba(FPJM)	1.80 ▲ 0.20 (12.50%)
Popular Islamic / Dec 6 Popular Islamic Modaraba(PIM)	10.50 ▲ 1.00 (10.53%)
Bawany Air Products / Dec 6 Bawany Air Products Limited(BAPL)	11.28 ▲ 1.00 (9.73%)
Tri-Star Power / Dec 6 Tri-Star Power Limited(TSPL)	11.88 ▲ 1.00 (9.19%)
Trust Sec.& Brok. / Dec 6 Trust Securities & Brokerage Limited(TSBL)	12 ▲ 1.00 (9.09%)
Nazir Cotton Mills / Dec 6 Nazir Cotton Mills Limited(NCML)	3.91 ▲ 0.31 (8.61%)
First Elite Cap.Mod / Dec 6 First Elite Capital Modaraba(FECM)	3.50 ▲ 0.27 (8.36%)
Sakrand Sugar / Dec 6 Sakrand Sugar Mills Limited(SKRS)	9.94 ▲ 0.71 (7.69%)
Tariq Corporation / Dec 6 Tariq Corporation Limited(TCORP)	19.18 ▲ 1.34 (7.51%)
Matco Foods Ltd / Dec 6 Matco Foods Limited(MFL)	37.86 ▲ 2.64 (7.50%)

Stock	Price
Universal Ins. / Dec 6 The Universal Insurance Company Limited(UVIC)	6.45 ▼ -0.70 (-9.79%)
Power Cem(Pref) / Dec 6 Power Cement (Pref)(POWERPS)	7.80 ▼ -0.80 (-9.30%)
Unicap Modaraba / Dec 6 Unicap Modaraba(UCAPM)	1.81 ▼ -0.16 (-8.12%)
Universal Network (GEM) / Dec 6 Universal Network Systems Limited (GEM)(GEMUNSL)	26.11 ▼ -2.12 (-7.51%)
MithchellsFruit / Dec 6 Mitchells Fruit Farms Limited(MFFL)	225.64 ▼ -18.30 (-7.50%)
Otsuka Pakistan / Dec 6 Otsuka Pakistan Limited(OTSU)	159.25 ▼ -12.91 (-7.50%)
Olympia Mills / Dec 6 Olympia Mills Limited(OML)	16.31 ▼ -1.31 (-7.43%)
F.Credit & Inv / Dec 6 First Credit and Investment Bank Limited(FCIBL)	5.51 ▼ -0.43 (-7.24%)
Philip Morris Pak. / Dec 6 Philip Morris (Pakistan) Limited(PMPK)	510.70 ▼ -39.30 (-7.15%)
Saif Textile / Dec 6 Saif Textile Mills Limited(SAIF)	10.22 ▼ -0.77 (-7.01%)

Stock	Volume
Cnergyico PK / Dec 6 Cnergyico PK Limited(CNERGY)	58,087,694 ▲ 0.24
WorldCall Telecom / Dec 6 Worldcall Telecom Limited(WTL)	57,079,786 ▲ 0.01
Fauji Cement / Dec 6 Fauji Cement Company Limited(FCCL)	41,984,500 ▲ 0.28
Pak Refinery / Dec 6 Pakistan Refinery Limited(PRL)	30,480,397 ▲ 1.12
P.T.C.L. / Dec 6 Pakistan Telecommunication Company Ltd(PTC)	28,170,500 ▲ 0.47
Hascol Petrol / Dec 6 Hascol Petroleum Limited(HASCOL)	26,337,000 ▲ 0.36
Fauji Foods Ltd / Dec 6 Fauji Foods Limited(FFL)	26,128,740 ▲ 0.52
Oil & Gas Dev. / Dec 6 Oil & Gas Development Company Limited(OGDC)	23,810,103 ▼ -1.28
Pak Petroleum / Dec 6 Pakistan Petroleum Limited(PPL)	23,518,237 ▼ -0.58
Maple Leaf Cement / Dec 6 Maple Leaf Cement Factory Limited(MLCF)	22,423,667 ▲ 0.19

Markets →

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Dec 5	284.60
USD PKR Interbank Buying / Dec 5	284.20
USD to Japanese Yen / Dec 5	146.80
USD to Swiss Franc / Dec 5	0.87
Pound Sterling to USD / Dec 5	1.26
Euro to USD / Dec 5	1.08
UK LIBOR % / Dec 1	5.46

Stock	Volume
S&P 500 / Dec 4	4569.78
Nasdaq / Dec 4	14185.50
Dow Jones / Dec 4	36204.44
India Sensex / Dec 5	69356.82
Tokyo Nikkei / Dec 5	32782.14
Hang Seng / Dec 5	16405.25
FTSE 100 / Dec 5	7475.73
Germany DAX 30 / Dec 5	16399.89
France CAC40 / Dec 5	7341.86

Item	Value
Karachi Cotton PKR/37.32 KG / Dec 1	17235
Gold 10 Grams PKR / Dec 4	191701
Crude Oil USD/Barrel / Dec 5	73
Gold Spot USD/Ounce / Dec 5	2033.31
Cotton US¢/pound / Dec 5	78.78

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