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Pakistan auto sector

Dewan Farooque Motors (DFML) starts EV production after EDB’s approval

Dewan Farooque Motors Limited (DFML) said on Tuesday that it has commenced production of electric vehicle (EVs) at...

Updated 10 Sep, 2024 10:57pm

Business & Finance

Despite auto sector’s slowdown, Indus Motor Company’s profit up 56% at Rs15.07bn in FY24

Indus Motor Company (IMC) reported a profit of Rs15.07 billion for the fiscal year that ended June 30, 2024 (FY24),...

Updated 02 Sep, 2024 10:37pm

Markets

Indus Motor to invest another Rs1.1bn ‘for additional localization’

Indus Motor Company Limited (INDU) announced that its board has approved an additional investment of Rs1.1 billion...

Updated 02 Sep, 2024 04:33pm

Opinion

How renewable energy can save the planet

Last week, Pakistan witnessed a significant milestone in its energy transition as the Chinese electric vehicle (EV)...

Published 27 Aug, 2024 06:44am

Govt has failed to finalise policy on EV-charging stations

This comes due to lack of proper coordination between National Energy Efficiency & Conservation Authority (NEECA) and Engineering Development Board (EDB)

Updated 27 Aug, 2024 11:32am

Opinion

Electric Vehicles come to Pakistan

Minister for Finance Muhammad Aurangzeb claimed at the launching ceremony of BYD, a Chinese company globally ...

Updated 26 Aug, 2024 07:36am

Aurangzeb says on BYD’s NEV launch occasion: Plan launched to revitalize economy

The finance minister says the government is committed to supporting the private sector, recognizing its crucial role in driving economic growth

Updated 18 Aug, 2024 01:34pm

Pakistan

Aurangzeb wants BYD to export from Pakistan as Chinese automotive giant launches in country

Finance minister says presence of major global player could enhance the country's export potential in the burgeoning electric vehicle market

Updated 17 Aug, 2024 09:46pm

Business & Finance

ADM Group keen to invest $250m for EVs manufacturing: CEO

ISLAMABAD: ADM Group Chief Executive Officer (CEO) Yasir Bhambhani on Thursday said that the ADM Group was keen to...

Published 16 Aug, 2024 06:56am

Business & Finance

Sazgar to launch ORA-07 EV in Pakistan

Sazgar Engineering Works (SAZEW) is set to introduce the ORA-07 EV, a Completely Built Unit (CBU) electric vehicle,...

Updated 13 Aug, 2024 10:24pm

Markets

Car sales down 36% MoM in July over budgetary measures

Car sales in Pakistan saw a significant month-on-month (MoM) drop in July 2024, plummeting by 36% to 8,589 units,...

Updated 12 Aug, 2024 11:06pm

Business & Finance

Pak Suzuki Motor Co shuts down plant in Karachi

KARACHI: Pak Suzuki Motor Company has been forced to shut down its manufacturing plant in Karachi due to a prolonged...

Published 09 Aug, 2024 06:56am

China’s BYD partners with Mega Motor to launch ‘NEV’

KARACHI: Chinese automotive giant BYD is poised to make its official entry into the Pakistani market, with a grand...

Updated 06 Aug, 2024 01:28pm

Markets

Indus Motor again temporarily shuts production citing low inventory

Indus Motor Company Limited (IMC), the assembler/manufacturer of Toyota-brand vehicles in Pakistan, again said it...

Published 05 Aug, 2024 03:32pm

Business & Finance

Indus Motor starts vehicle export to other Toyota affiliated companies, but ‘financial benefits minimal’

Indus Motor Company Limited (IMC), the assembler/manufacturer of Toyota-brand vehicles in Pakistan, said it has...

Updated 31 Jul, 2024 03:39pm

Business & Finance

Honda Atlas plans to enter hybrid cars market at CAPEX of Rs5bn: report

Honda Atlas Cars Limited (HCAR) has shared its plan to soon enter the hybrid market in Pakistan – possibly with the...

Published 25 Jul, 2024 09:19pm

Business & Finance

Honda Atlas Cars’ profit-after-tax jumps 40% in Apr-Jun

Amid massive increase in sales, the profit-after-tax (PAT) of Honda Atlas Cars (Pakistan) Limited (HCAR) rose nearly...

Updated 24 Jul, 2024 10:06pm

Business & Finance

DFML shares progress on EV manufacturing, share price hits upper limit

Dewan Farooque Motors Limited (DFML) informed stakeholders regarding the progress made at its assembly plant for the...

Updated 23 Jul, 2024 07:18pm

Business & Finance

Electric vehicle: DFML enters into agreement with EGML to manufacture Honri-VE

Dewan Farooque Motors Limited (DFML) said that it has entered into a toll manufacturing agreement with ECO-Green...

Updated 30 May, 2024 10:29pm

Business & Finance

DFML says it has commenced production of KIA Shehzore, rollout on June 4

Share price still falls after PSX notice

Updated 29 May, 2024 08:50pm

Opinion

Auto industry

Pakistan’s automobile industry is stunted and dysfunctional. Customers must “book” a vehicle and wait upwards of...

Published 29 May, 2024 06:05am

Business & Finance

Honda Atlas Cars’ profit-after-tax rises nearly 800%, clocks in at Rs2.33bn

Despite massive decline in sales, the profit-after-tax (PAT) of Honda Atlas Cars (Pakistan) Limited (HCAR) rose...

Updated 27 May, 2024 07:49pm

Business & Finance

Increase in volume base: PSMCL suggests certain policy interventions

ISLAMABAD: Federal Minister for Finance and Revenue Senator Muhammad Aurangzeb was called on by a delegation of...

Updated 24 May, 2024 08:48am

Business & Finance

Car sales in Pakistan surge 12% MoM in April

Car sales in Pakistan increased 12% on a monthly basis in April 2024, as the total number of units sold in the said...

Published 13 May, 2024 11:10pm

Business & Finance

Master Changan Motors to launch Deepal S7 electric vehicles in Pakistan

Master Changan Motors Limited (MCML) is set to introduce its first pure electric vehicle brand in Pakistan – Deepal...

Published 06 May, 2024 11:28am

Business & Finance

Pak Suzuki slashes prices on Swift models

KARACHI: Pak Suzuki Motor Company Limited has taken a surprise move, slashing the prices of its popular Swift...

Published 03 May, 2024 06:29am

Markets

LMC says ‘fully booked’ for KIA Stonic deliveries until September 2024

Lucky Motor Corporation (LMC), the assembler and seller of KIA cars in Pakistan, has announced that it is “fully...

Published 02 May, 2024 09:01pm

Business & Finance

Pak Suzuki announces up to Rs710,000 price drop for Swift variants

In what the company titled “limited time offer”, Pak Suzuki Motor Company announced a price decrease of up to...

Updated 02 May, 2024 09:47pm

Business & Finance

Sazgar commences pre-booking of Haval Jolion HEV latest model

Sazgar Engineering Works (SAZEW), a manufacturer of auto rickshaws, has commenced pre-booking of its...

Updated 01 Apr, 2024 07:16pm

Technology

Experts hail Chinese EV giant BYD’s entry to Pakistan market

Chinese electric vehicle (EV) giant BYD revealed its plan to enter the Pakistan market and industry experts see it...

Published 29 Mar, 2024 11:00pm

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Sep 12	278.53
USD PKR Interbank Buying / Sep 12	278.33
USD to Japanese Yen / Sep 12	142.71
USD to Swiss Franc / Sep 12	0.85
Pound Sterling to USD / Sep 12	1.30
Euro to USD / Sep 12	1.10

Stock	Volume
S&P 500 / Sep 11	5,536.66
Nasdaq / Sep 11	17,395.53
Dow Jones / Sep 11	40,861.71
India Sensex / Sep 12	81,721.93
Tokyo Nikkei / Sep 12	36,785.67
Hang Seng / Sep 12	17,323.75
FTSE 100 / Sep 12	8,273.16
Germany DAX 30 / Sep 12	18,552.19

Item	Value
Karachi Cotton PKR/37.32 KG / Sep 10	18,735
Crude Oil USD/Barrel / Sep 12	67.78
Gold 10 Grams PKR / Sep 12	263,000
Gold Spot USD/Ounce / Sep 12	2,518.36
Cotton US¢/pound / Sep 12	69.69
Petrol/Litre / Sep 13	259.10

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Sep 13 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Sep 13 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / Sep 13 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Sep 13 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Sep 13 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Sep 13 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / Sep 13 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / Sep 13 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Sep 13 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Sep 13 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Sep 13 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / Sep 13 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Sep 13 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Sep 13 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / Sep 13 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / Sep 13 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / Sep 13 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Sep 13 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

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

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Pakistan auto sector

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