Pakistan’s promising auto market lures Nissan back

As the CPEC gains momentum, enhancing the feel-good factor and stirring an economic boom across the country, one of the topnotch Japanese automakers Nissan...

Musk reiterates Tesla doesn’t need capital, projects profit in third & fourth quarter

CALIFORNIA: Tesla Inc will be profitable in the third and fourth quarters of this year and will not have to raise any money from...

NAB summons 19 Customs Intelligence officials in Hino trucks auction case

ISLAMABAD: The National Accountability Bureau (NAB) Balochistan has summoned nineteen officials of Customs Directorate of Investigation and Intelligence Quetta in the case pertaining to...

Car assemblers come under fire for price increases, low standards, and cartelisation

ISLAMABAD: As the Competition Commission of Pakistan (CCP) organised a public hearing on complaints against car assemblers in the country here on Thursday, the car...

Auto sales increase by 22pc for 9MFY18

KARACHI: Auto sales increased by 22 per cent despite a surge in car prices due to rupee devaluation for the first nine months of...

Ogra requested to expedite standardization of manganese content in petrol

ISLAMABAD: The government has been requested by Oil and Gas Regulatory Authority (OGRA) to expedite the move to finalizing standards and specifications of petroleum...

CCP to hold an open hearing on Auto sector on April 12

KARACHI: The Competition Commission of Pakistan (CCP) is holding a public hearing on the auto sector on April 12 in Islamabad, and has invited all stakeholders to...

Master Motors granted Greenfield status

ISLAMABAD: Another automobile company is set to enter the fray, as Master Motors has been granted Greenfield status by the Ministry of Industries and...

White House considering stiffer rules for imported cars

WASHINGTON: The Trump administration is considering ways to require imported automobiles to meet stricter environmental standards in order to protect US carmakers, according to...

PAMA proposed tax measures to reduce cost of locally produced vehicles

LAHORE: Pakistan Automotive Manufacturers Association (PAMA) in its budget proposals has proposed some tax measures to reduce the cost of locally produced vehicles and...

US-China trade row puts pressure on German carmakers

FRANKFURT: German carmakers BMW and Daimler are under increasing pressure to diversify production of their sports utility vehicles (SUVs) outside of the United States...

NA committee directs govt to revive PIA

PESHAWAR: The National Assembly (NA) Standing Committee on Cabinet Secretariat while strongly opposing the plan of outsourcing Pakistan International Airlines (PIA) has recommended the...

Harley Davidson, the Stallion that goes with a macho image

Call it the sway of the American culture or the bike’s macho looks and feel, Harley Davidson has a cult fan following globally. For...

Petrol, diesel prices slashed by Rs2 for April 2018

ISLAMABAD: The government on Saturday announced a reduction in prices of petrol and diesel by Rs2.07 and Rs2.00 per litre, respectively, for the month...

Vintage Vespa scooter’s still evoke nostalgia amongst Pakistani’s

KARACHI: As cheap Chinese-made motorbikes flood Pakistan's roads, fans of vintage Vespa scooters are scrambling to find spare parts and preserve models that hark...

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Three major banks are up for sale. Who will buy them?

For the first time in Pakistani history, three perfectly healthy and viable banks are simultaneously up for sale. None of them is a distressed...

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