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Business

Syed Raza Hassan
May 24, 2025

‘Govt’s plan to relax vehicles’ import to inflict big dent to local auto industry’

Chairman of Lucky Group Tabba says the government’s policy will turn the country into a “junkyard” for old vehicles and undermine ongoing efforts to promote EVs.

Business

AFP
Jan 28, 2025

Sri Lanka ends ban on vehicle imports after five years

The Sri Lankan government hoped to cap imports at about USD1.2 billion this year.

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.

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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.