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auto sector

Automart: car prices in Karachi

Rates in the week ended Monday December 25, 2023

Published 26 Dec, 2023 04:30am

Business & Finance

Toyota Pakistan’s chief says 50% of Corolla Cross value comes from localised parts

Indus Motor Company, the assembler of Toyota vehicles in Pakistan, has recently launched its Hybrid Electric Vehicle...

Published 20 Dec, 2023 09:00pm

Business & Finance

Passenger car sales in Pakistan plunge 68% YoY in November

Passenger car sales in Pakistan witnessed a steep fall of 68% on a year-on-year (YoY) basis in November 2023, data...

Published 11 Dec, 2023 09:11pm

Ways identified to salvage economy, back businesses

Country’s top businessmen urge government to reform Federal Board of Revenue

Updated 08 Dec, 2023 10:03am

Business & Finance

Landmark achievement: IMC holds line-off ceremony for first locally-made HEV

KARACHI: In a landmark event for the Pakistani automotive industry, Indus Motor Company (IMC) held line-off ceremony...

Updated 07 Dec, 2023 09:41am

Business & Finance

Indus Motor Company lines-off Pakistan’s first 1800cc hybrid EV

Indus Motor Company (IMC) lined-off the 4th generation Toyota Corolla Cross Hybrid Electric Vehicle (HEV) at a...

Published 06 Dec, 2023 07:10pm

Business & Finance

Suzuki Motor proposes purchase of minority shareholders’ stake at minimum Rs406 per share

Development follows intention of PSMC's majority shareholder to buy back nearly 22.15mn shares

Updated 04 Dec, 2023 10:41pm

Business & Finance

Automakers continue to shut production amid falling demand, raw material shortage

Amid a decline in demand and the inability to procure much-needed raw material, various companies in the auto sector...

Updated 01 Dec, 2023 06:06pm

Opinion

Navigating challenges in the auto sector

The auto industry is at a crossroads, grappling with issues that threaten its stability. Used car imports, coupled...

Published 29 Nov, 2023 05:09am

Auto sector: Govt mulling revalidating import quotas of new entrants

ISLAMABAD: The government is considering revalidating import quotas of new entrants till June, 30, 2023 in the light...

Updated 24 Nov, 2023 09:42am

Markets

Chinese auto giant BYD ‘discusses’ Pakistan’s EV sector potential: Board of Investment

BYD, a Chinese auto conglomerate and the world’s largest electric vehicles (EVs) manufacturer, discussed Pakistan’s...

Updated 23 Nov, 2023 08:12pm

Business & Finance

Honda Atlas Cars’ profit-after-tax clocks in at Rs675m in July-Sept

Despite lower sales, the profit-after-tax (PAT) of Honda Atlas Cars (Pakistan) Limited (HCAR) clocked in at Rs675.34...

Published 22 Nov, 2023 01:44pm

Technology

EVs’ manufacturing licenses: two, three wheelers take front seat in Pakistan

A four-wheel EV manufacturer yet to approach govt for license under EV policy

Updated 17 Nov, 2023 10:11pm

Locally-produced cars: IMC CE lists factors behind high prices

ISLAMABAD: Indus Motor Company (IMC) Chief Executive Ali Asghar Jamali has said issues such as high taxation,...

Updated 09 Nov, 2023 03:59pm

Business & Finance

Pak Suzuki announces yet another shutdown of automobile plant

Pak Suzuki Motor Company (PSMC) on Wednesday announced another temporary shutdown of its automobile plant amid...

Updated 08 Nov, 2023 03:05pm

Business & Finance

Honda Atlas Cars extends plant shutdown

Honda Atlas Cars (Pakistan) Limited, a subsidiary of Honda Motor Co., Ltd., Japan, on Tuesday announced a temporary...

Updated 07 Nov, 2023 07:00pm

Business & Finance

Automakers in Pakistan announce temporary shutdowns as economic woes bite

Pak Suzuki Motor Company announces another shutdown of automobile plants
Agriauto Industries says it will observe a partial shutdown

Updated 01 Nov, 2023 04:35pm

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

High taxes hampering auto industry’s growth: PAAPAM chief

KARACHI: The government’s high auto taxes of 37-43% are severely hampering Pakistan’s auto industry growth. This was...

Updated 28 Oct, 2023 09:47am

Business & Finance

Auto part makers call for tax cut on local vehicles to boost manufacturing

The country’s auto part makers have asked the government to reduce taxes on the auto sector to boost localisation....

Published 27 Oct, 2023 10:44pm

Life & Style

‘Pakistan Auto Show’ begins today

KARACHI: The upcoming Pakistan Auto Show, to be held in Karachi from October 27-29, is set to feature over 150...

Published 27 Oct, 2023 05:16am

Business & Finance

PAAPAM members say ‘significant’ import substitution, exports possible in Pakistan

KARACHI: Pakistan Association of Automotive Parts & Accessories Manufacturers (PAAPAM) officials believe...

Updated 26 Oct, 2023 10:08pm

Business & Finance

PSMC has not yet announced reduction in Suzuki car prices: spokesperson

Pak Suzuki Motor Company Limited (PSMC) has not announced a reduction in prices at present, its spokesperson...

Published 26 Oct, 2023 06:38pm

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

Auto manufacturing units: Ministry decides to re-validate licences

ISLAMABAD: The Ministry of Industries has decided to re-validate the licenses of auto manufacturing units operating...

Updated 26 Oct, 2023 09:34am

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

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

Atlas Honda’s profit up nearly 152% in July-Sept

Atlas Honda Limited (ALTH), one of Pakistan’s largest motorcycle manufacturers, saw its profit-after-tax (PAT) jump...

Published 23 Oct, 2023 05:14pm

Markets

Auto sector leads rally

KARACHI: A bullish trend continued on Pakistan Stock Exchange on Friday on the back of aggressive buying, mainly in...

Published 21 Oct, 2023 06:05am

Business & Finance

Suzuki here to stay, company reiterates its commitment to Pakistan’s market

Suzuki Motor Corporation will continue to invest in Pakistan and ensure that Pak Suzuki serves its customers in...

Published 19 Oct, 2023 09:55pm

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / May 20	278.30
USD PKR Interbank Buying / May 20	278.10
USD to Japanese Yen / May 20	155.76
USD to Swiss Franc / May 20	0.91
Pound Sterling to USD / May 20	1.27
Euro to USD / May 20	1.09

Stock	Volume
S&P 500 / May 17	5303.27
India Sensex / May 17	73917.03
Nasdaq / May 17	16685.97
FTSE 100 / May 17	8420.26
Dow Jones / May 17	40003.59
Germany DAX 30 / May 17	18704.42
France CAC40 / May 17	8167.50
Tokyo Nikkei / May 20	39197.34

Item	Value
Karachi Cotton PKR/37.32 KG / May 17	19935
Gold 10 Grams PKR / May 17	210562
Petrol/Litre / May 20	273.10
Crude Oil USD/Barrel / May 20	80.09
Gold Spot USD/Ounce / May 20	2436.84
Diesel/Litre / May 20	274.08

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / May 20 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / May 20 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / May 20 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / May 20 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / May 20 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / May 20 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / May 20 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / May 20 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / May 20 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / May 20 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / May 20 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / May 20 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / May 20 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / May 20 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / May 20 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / May 20 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / May 20 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / May 20 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / May 20 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / May 20 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / May 20 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / May 20 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / May 20 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / May 20 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / May 20 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / May 20 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / May 20 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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