FBR to brief PM about administrative measures to boost revenue collection

The tax regulator has projected Rs37 billion in tax demand from an audit of high net-worth individuals

Meezan Bank and Hyundai Nishat Motor sign Rs5.66b Islamic finance facility

Meezan Bank is the sole lead arranger of this Islamic finance facility for Hyundai Nishat to finance its upcoming vehicle manufacturing project

Pak Suzuki again ratchets up prices of vehicles by Rs40,000

The prices of Suzuki Swift DLX and AT have been jacked up to Rs1,515,000 and Rs1,651,000 and Cultus VXR, VXL and AGS prices have been revised upwards to Rs1,380,000, Rs1,501,000 and Rs1,608,000

Atlas Autos to invest $20m in DID assembly plant

With the new DID assembly plant, Honda bikes will further be localized and will help in reducing the country’s mounting import bill

King Long Automotive to setup assembly plant in Lahore for producing buses

The official said the project is projected to rope in an investment of around $200 million

IMC posts profits of Rs3.508m, decline 3% YoY

The company’s topline recorded a growth of 12% YoY to Rs35 billion due to a volumetric growth of 2% YoY to 15,419 units

Chinese state-owned automaker FAW Group gets $144 billion credit line

FAW said in a posting on its social media account it wanted to consolidate its cooperation with banks, create an open and innovative financial platform and to secure funds for FAW initiatives in the future

Kia jacks up prices of Grand Carnival

Also, Kia Motors hiked the prices of two variants of the Kia Frontier, which is a 2700cc truck to Rs2,049,000 for the base model and Rs2,099,00 for the XL model

IMC resumes booking of vehicles

IMC requests customers to make partial payments only and told them not to make full payments at the time of booking their vehicles

Honda Atlas increases prices of its vehicle lineup

Honda Atlas Cars (Pakistan) Limited on Friday increased the prices of its vehicle lineup. The new tariff will be effective from October 22, 2018.In...

Indus Motors jacks up prices of Corolla for fourth time this year

Indus Motor has hiked the prices by Rs50,000 for Toyota Corolla XLI to Rs1.944 million till December and it will see a further rise of Rs50,000 in January to Rs2.044 million

GNL working with Nissan Motor Japan for localization of parts

Ghandhara Nissan said NML teams had paid a visit to domestic suppliers for determining their quality and capacity, however, the majority of them didn’t qualify as per the global standards set by NMI

Indus Motors suspends car bookings in lieu of rupee devaluation

Indus Motors after determining the impact of the rupee devaluation, would announce new prices and will resume its order bookings then

Car sales inch up by 1.1 percent in July-September 2018

The country’s auto sales grew by 3 percent YoY in September 2018, breaking the trend of falling volumes in the past couple of months

Car manufacturers may hike prices, after record rupee devaluation

The interest rate hike by the central bank is also impacting auto financing, said an analyst

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