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Business

Web Desk
Aug 21, 2024

Auto industry calls for ban on imports of used car parts

In a meeting held yesterday, the Auto Industry Development and Export Committee (AIDEC) discussed the implementation of a ban and penalties on the import of used auto parts.

Latest

Web Desk
Mar 12, 2024

Xiaomi to start deliveries of its first electric car

Chinese tech giant Xiaomi has announced the imminent launch of its debut EV model, the Speed Ultra 7 (SU7).

Business

Web Desk
Mar 09, 2024

Which cars are affected by FBR’s 25% sales tax?

In a recent development, the Federal Board of Revenue (FBR) has implemented a significant policy change by imposing a 25 per cent sales tax on domestically manufactured or assembled cars with an invoice price exceeding Rs4 million.

Business

Web Desk
Feb 13, 2024

Passenger car sales in Pakistan surge by over 58%

In January 2024, there was a notable surge in passenger car sales, increasing by 58.71 per cent month-on-month (MoM) to reach 7,802 units, surpassing the 4,916 units recorded in December 2023, as per the latest data from the Pakistan Automotive Manufacturers Association (PAMA).

Business

Web Desk
Nov 13, 2023

Car sales in Pakistan drop by more than 56%

In October, the Pakistani automotive sector faced a substantial downturn, with passenger car sales plummeting by 24.33 per cent, totalling 4,850 units compared to the previous month’s 6,410 units.

Business

Web Desk
Oct 28, 2023

Pakistan’s auto industry growth hampered by excessive taxation

High car taxes imposed by the government, ranging from 37 per cent to 43 per cent, are impeding the growth of Pakistan’s auto industry.

Business

Web Desk
Oct 16, 2023

Toyota Indus Motor Company announces temporary production suspension

In a recent development, Indus Motor Company (IMC), the leading assembler of Toyota vehicles in Pakistan, has declared the temporary suspension of production, attributing the decision to inventory shortages.

Business

Web Desk
Oct 12, 2023

Declining sales may force Pak Suzuki to exit stock market

Pak Suzuki Motor Company (PSMC) has shared a significant update about its future on the Pakistan Stock Exchange (PSX).

Business

Web Desk
Oct 11, 2023

Car sales in Pakistan decline by more than 30%

Pakistan’s car market showed interesting changes. Compared to the same month last year, car sales dropped significantly by 30.42 per cent, with only 6,410 cars sold.

Business

Web Desk
Oct 04, 2023

Suneel Munj says he is not sure of the full form of ‘ABS’ but knows its function

However, he said that understanding its function was what truly mattered to him. This revelation might have been taken lightly, but considering his reputation as one of the most experienced and prominent figures in Pakistan’s auto industry, it does raise eyebrows that he isn’t certain about what ‘ABS’ stands for.