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ISLAMABAD:  A Russian technology firm has expressed interest in investing in the electric vehicle industry of Pakistan with the latest technology called nanotubes. In that regard, a delegation of the Russian firm, led by Igor Kim, met Adviser to Prime Minister on Climate Change Malik Amin Aslam on Wednesday. Talking to the...
KARACHI: After experiencing a dismal FY19, Fiat tractor sales recovered in the first month of the current fiscal year, while Massey Ferguson (Millat) was still in hot waters. Fiat sold 1,122 units in July versus 814 units in July 2018. In 2018-19, its sales plunged by 35 per cent to...
KARACHI: Pak Suzuki Motors Company Limited (PSMC) holds rupee depreciation and tax measures responsible for the rising cost of production, which has pushed sales down by 12 percent in six months. In its half-yearly report submitted to the Pakistan Stock Exchange (PSX) on Thursday, PSMC informed that its sales recorded...
KARACHI: Pakistan’s auto sector continued to face the brunt of harsh economic policies and an overall slowdown in the economy as sales recorded a significant decline of 42% to 12,482 units in July 2019 from 21,344 units in the same month of previous year. Analysts attributed the plunge to the continued...
ISLAMABAD: The Japan International Cooperation Agency (Jica) will assist the automobile industry of Pakistan in enhancing its domestic production from existing 200,000 vehicles by introducing new safety and environment-friendly features. This was announced by Jica chief representative Shigeki Furuta in a meeting with Adviser to Prime Minister on Commerce, Textile, Industries,...
Assemblers of 660-1,000cc cars are lucky in the sense that the market is now getting wide open for them to take advantage of shrinking used car imports. The government’s decision to curb used car imports from January 2019 onwards led to a plunge of 51 per cent in overall imports...
LAHORE: The automotive industry fears that amid declining auto sales, the sector is likely to lose at least 10-15 per cent of the direct jobs over the next few months. Warning of tough times ahead, they said rising auto prices on the back of steep currency depreciation, imposition of federal...
KARACHI:  Pak Suzuki Motor Company’s earnings were massively dented as the automaker declared a loss of Rs1.53 billion in the six months ended June 2019. The company had reported a profit of Rs1.3 billion in the same period of previous year, according to a company notice sent to the Pakistan Stock...
LAHORE: Automobile sales may witness a steep downslide of 40-60 percent in fiscal year 2019/20, rendering about 150,000 people jobless, industry forecast suggests. Auto industry had forecasted to increase its sales to 0.3 million by 2021 and half a million units by 2022; however, changes in the policy, new taxes...
KARACHI: Pakistan’s auto sector recorded a slowdown in FY19 as its sales dropped 8% to 237,950 units on the back of depreciation of the rupee and other economic developments. Restriction on non-filers of tax returns in first half of the previous fiscal year, surge in interest rate and multiple price hikes...

Opinion

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Kashmir-CPEC nexus

In a new geostrategic scenario, situation has tied up Kashmir and CPEC with each other forever. Their correlation has opened up a new window...