Senate panel advises to loosen curbs on non-filers in car, property purchases
The Senate panel suggested non-filers of income tax returns to be given permission for buying or importing cars up to 1,000cc with the target to assist the middle-income group
PAMA urges Ministry of Finance to remove restriction for non-filers
The new initiative of restricting non-filers from purchasing motor vehicles to cause a reduction in the sale of 240,000 units
NLC to start assembly of Mercedes-Benz trucks in Pakistan
Daimler AG, owners of Mercedes Benz and The National Logistics Cell (NLC) have signed a memorandum of understanding (MoU) for the local assembly and production of Mercedes‐Benz trucks in Pakistan.
Japanese, Chinese bike assemblers raise prices
KARACHI: The Japanese and Chinese bike assemblers have increased prices again, unofficially the rupee’s fall against the dollar is the reason given...
Customs officers surrender non-custom paid luxury vehicles
ISLAMABAD: All customs officers including incumbent Customs Intelligence and Investigation Director General (DG) Shaukat Ali have surrendered and parked all non-custom paid,...
Tesla posts record loss, CEO projects profits ahead
Moody’s Investor Service downgraded Tesla’s debt into junk territory back in March, warning at the time that Tesla didn’t have the cash to cover $3.7 billion for normal operations, capital expenses and debt that come due early next year.
Auto sector concerned, as government dissolves EDB
As the government has finally decided to dissolve the Engineering Development Board (EDB), not only the existing assemblers but also the new entrants in the auto sector have voiced their concerns regarding the decision without prior arrangements of a substitute.
Atlas Honda investing $15 million to increase production capacity
Atlas Honda sold 838,395 motorcycles during the first nine months (July-March) of the current financial year 2017-18,
Why should Suzuki improve models, if people continue to patronise?
Hirofumi Nagao, former Pak Suzuki CEO having served the last of his third stint in Pakistan, fires a shot across the bow for new entrants: ‘Talk is cheap, in practice competing is difficult’.
Budget FY 2018-19: Govt slashes customs duty to 25 percent on import of electric cars
Imported electric vehicles also to be exempted from 15 percent regulatory duty
PAMA appeals to review dissolution of EDB
ISLAMABAD: Pakistan Automotive Manufacturers Association (PAMA) has appealed to immediately review the dissolution of the Engineering Development Board (EDB) or announce a...
Earnings Report: IMC profits surge 14 per cent to Rs11.6bn
The company’s net sales turnover for the nine months ended March 31, 2018, increased by 19 per cent to Rs100.2 billion as compared to Rs84.3 billion for the same period last year.
Asia a bright spot for Japanese carmakers facing sluggish US sales, trade concerns
TOKYO: Japanese automakers that rely heavily on exports to sell their models in the United States would be hardest hit by trade...
China contemplating to cut import duty on passenger cars by about half: Report
A major reduction in tariffs could prompt overseas automakers, especially luxury brand names, to import more cars made overseas into the Chinese market, boosting their competitiveness by helping close a price gap on local rivals.
Pak Suzuki declares profits of Rs900mn for Q1FY2018
KARACHI: Pak Suzuki Motor Company Limited (PSMC) in the first quarter (Jan-Mar) 2018 posted a profit after tax (PAT) of Rs0.9 billion with...