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KARACHI:  Leading Chinese automobile manufacturer Changan, in collaboration with the Master Group, is set to kick-start commercial production of passenger buses and cargo trucks in Pakistan next month. The Chinese firm has invested $100 million in a joint venture with Master Motors Corporation Limited (MMCL), in which it holds a 30%...
LAHORE: The production of tractors ground to a halt in December last year and the industry was hopeful of the beginning of operations at the beginning of the new year but it did not happen, said Pakistan Association of Automotive Parts and Accessories Manufacturers (Paapam) Chairman Ashraf Sheikh. “The assembly plants...
KARACHI:  Indus Motor Company (IMC), the manufacturers of Toyota cars, has increased prices of its vehicles by up to Rs175,000 to completely pass on to consumers the rise in cost of production resulting from rupee depreciation. IMC, which hiked car prices four times in 2018, has again enhanced prices significantly following...
KARACHI:  Pak Suzuki Motor Company, a Japanese carmaker doing business in Pakistan for decades, has increased prices by up to Rs322,000 for different vehicle variants, except for its popular Mehran model, in a bid to pass the impact of rupee depreciation on to consumers. After increasing prices four times in 2018,...
KARACHI:  It has been an eventful, but tough, year for automakers in Pakistan as key developments on the macroeconomic front proved to be hard-hitting for the auto sector. The rupee witnessed massive depreciation against the US dollar, which then led to the existing carmakers raising their prices on multiple occasions to...
The government on Thursday informed the Senate Standing Committee on Industries and Production that it would not bring any changes in the auto policy announced by the previous Pakistan Muslim League-Nawaz (PML-N) government. The committee, in a meeting presided over by Senator Ahmed Khan, was told by Adviser to Prime...
KARACHI: First ever dedicated freight train loaded with 75 cargo containers commenced its journey from Karachi’s Cantonment Railway Station to Lahore. The freight train is being launched under public-private partnership with the expected journey time of 48 hours. The Federal Minister for Railways Sheikh Rasheed Ahmed while inaugurating the service said...
KARACHI:  Pakistan Railways, in collaboration with China, has planned to lay a high-speed double track from Karachi to Peshawar but it has yet to finalise the mode of financing for the project which will cost billions of rupees, said the railways minister on Tuesday. “We, along with China, will lay a...
KARACHI:  Locally produced vehicle sales, especially cars of small engines, fell in November 2018 as multiple price hikes and restriction on non-filers of tax returns discouraged many buyers. Sales of the low-end vehicle segment, 1,000cc and below, dropped heavily on the back of a deteriorating macroeconomic situation in the country and...
ISLAMABAD:  New entrants into the auto sector have protested against the government’s willingness to allow Pak Suzuki Motor Company tax exemptions under the auto policy 2016-21. After introduction of the new policy, French automobile manufacturer Renault and South Korean players Kia Motors and Hyundai announced their interest in starting vehicle assembly...

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Asad: between rock and a hard place

The beleaguered Finance Minister gets no respite. He is constantly in the line of fire; at times under friendly fire as well. He puts...