Regulatory duty on steel, increased cost of production burdening auto industry
KARACHI: Increased input costs are putting immense pressure on the local auto industry, while Regulatory Duty (RD) on steel is playing a...
Careem acquires Middle East online restaurant listing platform, to trial food delivery
DUBAI:Â Careem, a Middle East competitor to Uber Technologies, said on Sunday it had acquired RoundMenu and would start trialling food delivery services...
Govt may temporarily reverse import policy on import of new/used cars
ISLAMABAD: The government is contemplating a reversal of Economic Coordination Committee’s (ECC) decision to lift moratorium on import of three-year old used...
General Motors to close auto plant in South Korea
DETROIT/SEOUL: General Motors Co said it will close one of its four plants in South Korea and incur an $850 million impairment...
Passenger car sales rise 22 percent rise during January
KARACHI: Passenger car sales posted a 22 percent increase in January 2018, touching 23,562 units against 20,884 units sold in January 2017.
Rupee’s...
Supply issues force Suzuki to suspend Wagon R booking
KARACHI:Â Pak Suzuki has notified its dealers to suspend the booking of Wagon R cars as the company is currently facing supply issues...
ERP upgrade halts Suzuki’s production for 12 days
KARACHI: Pak Suzuki has recently upgraded its Enterprise Resource Planning (ERP) to SAP from Oracle which resulted in a 12-day deadlock in...
Toyota Vitz was the highest imported car of 2017
KARACHI: A major spike of 70 percent was recorded in imports of used cars during 2017, touching 65,723 units compared to 38,676...
Pakistan failed to devise specification of manganese additive in petrol
ISLAMABAD: Pakistan has still not formally revised the specifications of fuels and due to which increased content of manganese in gasoline has...
Mortgages escalate 250 percent during 1st quarter of FY 2017-18
KARACHI: Driven by low interest rates regime, State Bank of Pakistan (SBP) reported house financing loans registered a staggering rise of 250...
Govt import policies to put 0.7mn jobs at risk in the auto industry
KARACHI: Government’s policy of putting restrictions and eventually halting import of used cars will leave 0.6 to 0.7 million Pakistanis without employment,...
Honda’s quarterly revenue plunge 5pc, expenses surge 3 folds YoY
KARACHI: Honda Atlas Cars Limited (HCAR) saw a 5 per cent decline in its revenues for the quarter that began in October...
Honda Pakistan achieves record breaking sales in 2017
LAHORE:Â Honda Atlas Cars Pakistan Limited (HACPL), an automobile subsidiary of Honda, announced its annual sales for the year 2017. The company has...
Car production increases 28.8pc in five months
ISLAMABAD: The production of cars and jeeps increased by 28.84 per cent during the first five months of the current fiscal year...
METRO Cash & Carry, Careem to facilitate customers across Pakistan
LAHORE: METRO Cash & Carry Pakistan in a new initiative has joined hands with Careem, a ride-hailing app, to make the travelling...