Author: Hamza Shahnawaz

  • Foreign currency rates in Pak Rupee – August 13, 2022

    Foreign currency rates in Pak Rupee – August 13, 2022

    KARACHI: Following are the open market exchange rates of foreign currencies in Pak Rupee (PKR) in Pakistan on August 13, 2022 (The rates are updated at 09:00 AM (Pakistan Standard Time):

    CURRENCY NAMEBUYINGSELLING
       
    US DOLLAR $ (USD)210.50212.50
    SAUDI RIYAL (SAR)56.3057.30
    UAE DIRHAM (AED)57.3058.30
    EURO (EUR)217.00220.00
    UK POUND (GBP)255.00258.00
    JAPANESE YEN (JPY)1.561.58
    SWISS FRANC (CHF)222.31223.31
    DANISH KRONE (DKK)28.9229.02
    NORWEGIAN KRONE (NOK)21.9322.03
    SWEDISH KRONA (SEK)20.6320.73
    AUSTRALIAN DOLLAR (AUD)150.00152.00
    CANADIAN DOLLAR (CAD)165.00167.00
    INDIAN RUPEE (INR)2.352.65
    CHINESE YUAN (CNY)31.5033.50
    AFGHAN AFGHANI (AFN)1.702.00

    Disclaimer: Team PKRevenue.com provides the available rates of the open market, which are subject to change every hour. Team PKRevenue.com provides the available exchange rates at the time of posting the story. So the team is not responsible for any inaccuracy of the data.

  • Pakistani Rupee to US Dollar on August 13, 2022

    Pakistani Rupee to US Dollar on August 13, 2022

    KARACHI: Following are the rates of buying and selling of one US dollar (USD) in Pakistani Rupee (PKR) in the open market on August 13, 2022:

    Buying: Rs 210.50 to the US Dollar

    Selling: Rs 212.50 to the US Dollar

    The buying rate means an exchange company or a bank buys foreign currency from a customer.

    The selling rate means an exchange company or a bank sells the foreign currency from a customer.

    The rate has been updated at 09:00 AM Pakistan Standard Time (PST).

    The US Dollar /PKR parity depends on open market rates, they are set by the market forces based on foreign currency demand.

    Pakistani Rupee to US Dollar on August 12, 2022

    ————————————————-

    Pakistani Rupee to UAE Dirham on August 13, 2022

    KARACHI: Following are the rates of buying and selling of one UAE Dirham (AED) in Pakistani Rupee (PKR) in the open market on August 13, 2022:

    Buying: Rs 57.30 to the UAE Dirham

    Selling: Rs 58.30 to the UAE Dirham

    The buying rate means an exchange company or a bank buys foreign currency from a customer.

    The selling rate means an exchange company or a bank sells the foreign currency from a customer.

    The rate has been updated at 09:00 AM Pakistan Standard Time (PST).

    The UAE Dirham /PKR parity depends on open market rates, they are set by the market forces based on foreign currency demand.

    Pakistani Rupee to UAE Dirham on August 12, 2022

    ————————————————-

    Pakistani Rupee to UK Pound Sterling on August 13, 2022

    KARACHI: Following are the rates of buying and selling of one UK Pound Sterling (GBP) in Pakistani Rupee (PKR) in the open market on August 13, 2022:

    Buying: Rs 255.00 to the UK Pound Sterling

    Selling: Rs 258.00 to the UK Pound Sterling

    The buying rate means an exchange company or a bank buys foreign currency from a customer.

    The selling rate means an exchange company or a bank sells the foreign currency from a customer.

    The rate has been updated at 09:00 AM Pakistan Standard Time (PST).

    The UK Pound Sterling /PKR parity depends on open market rates, they are set by the market forces based on foreign currency demand.

    Pakistani Rupee to UK Pound Sterling on August 12, 2022

    ————————————————-

    Pakistani Rupee to Euro on August 13, 2022

    KARACHI: Following are the rates of buying and selling of one Euro (EUR) in Pakistani Rupee (PKR) in the open market on August 13, 2022:

    Buying: Rs 217.00 to the Euro

    Selling: Rs 220.00 to the Euro

    The buying rate means an exchange company or a bank buys foreign currency from a customer.

    The selling rate means an exchange company or a bank sells for foreign currency from a customer.

    The rate has been updated at 09:00 AM Pakistan Standard Time (PST).

    The Euro /PKR parity depends on open market rates, they are set by the market forces based on foreign currency demand.

    Pakistani Rupee to Euro on August 12, 2022

    ————————————————-

    Pakistani Rupee to Saudi Riyal on August 13, 2022

    KARACHI: Following are the rates of buying and selling of one Saudi Riyal (SAR) in Pakistani Rupee (PKR) in the open market on August 13, 2022:

    Buying: Rs 56.30 to the Saudi Riyal

    Selling: Rs 57.30 to the Saudi Riyal

    The buying rate means an exchange company or a bank buys foreign currency from a customer.

    The selling rate means an exchange company or a bank sells for foreign currency from a customer.

    The rate has been updated at 09:00 AM Pakistan Standard Time (PST).

    The Saudi Riyal /PKR parity depends on open market rates, they are set by the market forces based on foreign currency demand.

    Pakistani Rupee to Saudi Riyal on August 12, 2022

    ————————————————-

    Disclaimer: Team PKRevenue.com provides the available rates of the open market, which are subject to change every hour. The given rates are opening for the day. Team PKRevenue.com provides the available exchange rates at the time of posting the story. So the team is not responsible for any inaccuracy of the data.

  • Pakistani Rupee to UAE Dirham on August 13, 2022

    Pakistani Rupee to UAE Dirham on August 13, 2022

    KARACHI: Following are the rates of buying and selling of one UAE Dirham (AED) in Pakistani Rupee (PKR) in the open market on August 13, 2022:

    Buying: Rs 57.30 to the UAE Dirham

    Selling: Rs 58.30 to the UAE Dirham

    The buying rate means an exchange company or a bank buys foreign currency from a customer.

    The selling rate means an exchange company or a bank sells the foreign currency from a customer.

    The rate has been updated at 09:00 AM Pakistan Standard Time (PST).

    The UAE Dirham /PKR parity depends on open market rates, they are set by the market forces based on foreign currency demand.

    Pakistani Rupee to UAE Dirham on August 12, 2022

    ————————————————-

    Pakistani Rupee to US Dollar on August 13, 2022

    KARACHI: Following are the rates of buying and selling of one US dollar (USD) in Pakistani Rupee (PKR) in the open market on August 13, 2022:

    Buying: Rs 210.50 to the US Dollar

    Selling: Rs 212.50 to the US Dollar

    The buying rate means an exchange company or a bank buys foreign currency from a customer.

    The selling rate means an exchange company or a bank sells the foreign currency from a customer.

    The rate has been updated at 09:00 AM Pakistan Standard Time (PST).

    The US Dollar /PKR parity depends on open market rates, they are set by the market forces based on foreign currency demand.

    Pakistani Rupee to US Dollar on August 12, 2022

    ————————————————-

    Pakistani Rupee to UK Pound Sterling on August 13, 2022

    KARACHI: Following are the rates of buying and selling of one UK Pound Sterling (GBP) in Pakistani Rupee (PKR) in the open market on August 13, 2022:

    Buying: Rs 255.00 to the UK Pound Sterling

    Selling: Rs 258.00 to the UK Pound Sterling

    The buying rate means an exchange company or a bank buys foreign currency from a customer.

    The selling rate means an exchange company or a bank sells the foreign currency from a customer.

    The rate has been updated at 09:00 AM Pakistan Standard Time (PST).

    The UK Pound Sterling /PKR parity depends on open market rates, they are set by the market forces based on foreign currency demand.

    Pakistani Rupee to UK Pound Sterling on August 12, 2022

    ————————————————-

    Pakistani Rupee to Euro on August 13, 2022

    KARACHI: Following are the rates of buying and selling of one Euro (EUR) in Pakistani Rupee (PKR) in the open market on August 13, 2022:

    Buying: Rs 217.00 to the Euro

    Selling: Rs 220.00 to the Euro

    The buying rate means an exchange company or a bank buys foreign currency from a customer.

    The selling rate means an exchange company or a bank sells for foreign currency from a customer.

    The rate has been updated at 09:00 AM Pakistan Standard Time (PST).

    The Euro /PKR parity depends on open market rates, they are set by the market forces based on foreign currency demand.

    Pakistani Rupee to Euro on August 12, 2022

    ————————————————-

    Pakistani Rupee to Saudi Riyal on August 13, 2022

    KARACHI: Following are the rates of buying and selling of one Saudi Riyal (SAR) in Pakistani Rupee (PKR) in the open market on August 13, 2022:

    Buying: Rs 56.30 to the Saudi Riyal

    Selling: Rs 57.30 to the Saudi Riyal

    The buying rate means an exchange company or a bank buys foreign currency from a customer.

    The selling rate means an exchange company or a bank sells for foreign currency from a customer.

    The rate has been updated at 09:00 AM Pakistan Standard Time (PST).

    The Saudi Riyal /PKR parity depends on open market rates, they are set by the market forces based on foreign currency demand.

    Pakistani Rupee to Saudi Riyal on August 12, 2022

    ————————————————-

    Disclaimer: Team PKRevenue.com provides the available rates of the open market, which are subject to change every hour. The given rates are opening for the day. Team PKRevenue.com provides the available exchange rates at the time of posting the story. So the team is not responsible for any inaccuracy of the data.

  • Pakistani Rupee to UK Pound Sterling on August 13, 2022

    Pakistani Rupee to UK Pound Sterling on August 13, 2022

    KARACHI: Following are the rates of buying and selling of one UK Pound Sterling (GBP) in Pakistani Rupee (PKR) in the open market on August 13, 2022:

    Buying: Rs 255.00 to the UK Pound Sterling

    Selling: Rs 258.00 to the UK Pound Sterling

    The buying rate means an exchange company or a bank buys foreign currency from a customer.

    The selling rate means an exchange company or a bank sells the foreign currency from a customer.

    The rate has been updated at 09:00 AM Pakistan Standard Time (PST).

    The UK Pound Sterling /PKR parity depends on open market rates, they are set by the market forces based on foreign currency demand.

    Pakistani Rupee to UK Pound Sterling on August 12, 2022

    ————————————————-

    Pakistani Rupee to UAE Dirham on August 13, 2022

    KARACHI: Following are the rates of buying and selling of one UAE Dirham (AED) in Pakistani Rupee (PKR) in the open market on August 13, 2022:

    Buying: Rs 57.30 to the UAE Dirham

    Selling: Rs 58.30 to the UAE Dirham

    The buying rate means an exchange company or a bank buys foreign currency from a customer.

    The selling rate means an exchange company or a bank sells the foreign currency from a customer.

    The rate has been updated at 09:00 AM Pakistan Standard Time (PST).

    The UAE Dirham /PKR parity depends on open market rates, they are set by the market forces based on foreign currency demand.

    Pakistani Rupee to UAE Dirham on August 12, 2022

    ————————————————-

    Pakistani Rupee to US Dollar on August 13, 2022

    KARACHI: Following are the rates of buying and selling of one US dollar (USD) in Pakistani Rupee (PKR) in the open market on August 13, 2022:

    Buying: Rs 210.50 to the US Dollar

    Selling: Rs 212.50 to the US Dollar

    The buying rate means an exchange company or a bank buys foreign currency from a customer.

    The selling rate means an exchange company or a bank sells the foreign currency from a customer.

    The rate has been updated at 09:00 AM Pakistan Standard Time (PST).

    The US Dollar /PKR parity depends on open market rates, they are set by the market forces based on foreign currency demand.

    Pakistani Rupee to US Dollar on August 12, 2022

    ————————————————-

    Pakistani Rupee to Euro on August 13, 2022

    KARACHI: Following are the rates of buying and selling of one Euro (EUR) in Pakistani Rupee (PKR) in the open market on August 13, 2022:

    Buying: Rs 217.00 to the Euro

    Selling: Rs 220.00 to the Euro

    The buying rate means an exchange company or a bank buys foreign currency from a customer.

    The selling rate means an exchange company or a bank sells for foreign currency from a customer.

    The rate has been updated at 09:00 AM Pakistan Standard Time (PST).

    The Euro /PKR parity depends on open market rates, they are set by the market forces based on foreign currency demand.

    Pakistani Rupee to Euro on August 12, 2022

    ————————————————-

    Pakistani Rupee to Saudi Riyal on August 13, 2022

    KARACHI: Following are the rates of buying and selling of one Saudi Riyal (SAR) in Pakistani Rupee (PKR) in the open market on August 13, 2022:

    Buying: Rs 56.30 to the Saudi Riyal

    Selling: Rs 57.30 to the Saudi Riyal

    The buying rate means an exchange company or a bank buys foreign currency from a customer.

    The selling rate means an exchange company or a bank sells for foreign currency from a customer.

    The rate has been updated at 09:00 AM Pakistan Standard Time (PST).

    The Saudi Riyal /PKR parity depends on open market rates, they are set by the market forces based on foreign currency demand.

    Pakistani Rupee to Saudi Riyal on August 12, 2022

    ————————————————-

    Disclaimer: Team PKRevenue.com provides the available rates of the open market, which are subject to change every hour. The given rates are opening for the day. Team PKRevenue.com provides the available exchange rates at the time of posting the story. So the team is not responsible for any inaccuracy of the data.

  • Pakistani Rupee to Euro on August 13, 2022

    Pakistani Rupee to Euro on August 13, 2022

    KARACHI: Following are the rates of buying and selling of one Euro (EUR) in Pakistani Rupee (PKR) in the open market on August 13, 2022:

    Buying: Rs 217.00 to the Euro

    Selling: Rs 220.00 to the Euro

    The buying rate means an exchange company or a bank buys foreign currency from a customer.

    The selling rate means an exchange company or a bank sells for foreign currency from a customer.

    The rate has been updated at 09:00 AM Pakistan Standard Time (PST).

    The Euro /PKR parity depends on open market rates, they are set by the market forces based on foreign currency demand.

    Pakistani Rupee to Euro on August 12, 2022

    ————————————————-

    Pakistani Rupee to UK Pound Sterling on August 13, 2022

    KARACHI: Following are the rates of buying and selling of one UK Pound Sterling (GBP) in Pakistani Rupee (PKR) in the open market on August 13, 2022:

    Buying: Rs 255.00 to the UK Pound Sterling

    Selling: Rs 258.00 to the UK Pound Sterling

    The buying rate means an exchange company or a bank buys foreign currency from a customer.

    The selling rate means an exchange company or a bank sells the foreign currency from a customer.

    The rate has been updated at 09:00 AM Pakistan Standard Time (PST).

    The UK Pound Sterling /PKR parity depends on open market rates, they are set by the market forces based on foreign currency demand.

    Pakistani Rupee to UK Pound Sterling on August 12, 2022

    ————————————————-

    Pakistani Rupee to UAE Dirham on August 13, 2022

    KARACHI: Following are the rates of buying and selling of one UAE Dirham (AED) in Pakistani Rupee (PKR) in the open market on August 13, 2022:

    Buying: Rs 57.30 to the UAE Dirham

    Selling: Rs 58.30 to the UAE Dirham

    The buying rate means an exchange company or a bank buys foreign currency from a customer.

    The selling rate means an exchange company or a bank sells the foreign currency from a customer.

    The rate has been updated at 09:00 AM Pakistan Standard Time (PST).

    The UAE Dirham /PKR parity depends on open market rates, they are set by the market forces based on foreign currency demand.

    Pakistani Rupee to UAE Dirham on August 12, 2022

    ————————————————-

    Pakistani Rupee to US Dollar on August 13, 2022

    KARACHI: Following are the rates of buying and selling of one US dollar (USD) in Pakistani Rupee (PKR) in the open market on August 13, 2022:

    Buying: Rs 210.50 to the US Dollar

    Selling: Rs 212.50 to the US Dollar

    The buying rate means an exchange company or a bank buys foreign currency from a customer.

    The selling rate means an exchange company or a bank sells the foreign currency from a customer.

    The rate has been updated at 09:00 AM Pakistan Standard Time (PST).

    The US Dollar /PKR parity depends on open market rates, they are set by the market forces based on foreign currency demand.

    Pakistani Rupee to US Dollar on August 12, 2022

    ————————————————-

    Pakistani Rupee to Saudi Riyal on August 13, 2022

    KARACHI: Following are the rates of buying and selling of one Saudi Riyal (SAR) in Pakistani Rupee (PKR) in the open market on August 13, 2022:

    Buying: Rs 56.30 to the Saudi Riyal

    Selling: Rs 57.30 to the Saudi Riyal

    The buying rate means an exchange company or a bank buys foreign currency from a customer.

    The selling rate means an exchange company or a bank sells for foreign currency from a customer.

    The rate has been updated at 09:00 AM Pakistan Standard Time (PST).

    The Saudi Riyal /PKR parity depends on open market rates, they are set by the market forces based on foreign currency demand.

    Pakistani Rupee to Saudi Riyal on August 12, 2022

    ————————————————-

    Disclaimer: Team PKRevenue.com provides the available rates of the open market, which are subject to change every hour. The given rates are opening for the day. Team PKRevenue.com provides the available exchange rates at the time of posting the story. So the team is not responsible for any inaccuracy of the data.

  • Pakistani Rupee to Saudi Riyal on August 13, 2022

    Pakistani Rupee to Saudi Riyal on August 13, 2022

    KARACHI: Following are the rates of buying and selling of one Saudi Riyal (SAR) in Pakistani Rupee (PKR) in the open market on August 13, 2022:

    Buying: Rs 56.30 to the Saudi Riyal

    Selling: Rs 57.30 to the Saudi Riyal

    The buying rate means an exchange company or a bank buys foreign currency from a customer.

    The selling rate means an exchange company or a bank sells for foreign currency from a customer.

    The rate has been updated at 09:00 AM Pakistan Standard Time (PST).

    The Saudi Riyal /PKR parity depends on open market rates, they are set by the market forces based on foreign currency demand.

    Pakistani Rupee to Saudi Riyal on August 12, 2022

    ————————————————-

    Pakistani Rupee to Euro on August 13, 2022

    KARACHI: Following are the rates of buying and selling of one Euro (EUR) in Pakistani Rupee (PKR) in the open market on August 13, 2022:

    Buying: Rs 217.00 to the Euro

    Selling: Rs 220.00 to the Euro

    The buying rate means an exchange company or a bank buys foreign currency from a customer.

    The selling rate means an exchange company or a bank sells for foreign currency from a customer.

    The rate has been updated at 09:00 AM Pakistan Standard Time (PST).

    The Euro /PKR parity depends on open market rates, they are set by the market forces based on foreign currency demand.

    Pakistani Rupee to Euro on August 12, 2022

    ————————————————-

    Pakistani Rupee to UK Pound Sterling on August 13, 2022

    KARACHI: Following are the rates of buying and selling of one UK Pound Sterling (GBP) in Pakistani Rupee (PKR) in the open market on August 13, 2022:

    Buying: Rs 255.00 to the UK Pound Sterling

    Selling: Rs 258.00 to the UK Pound Sterling

    The buying rate means an exchange company or a bank buys foreign currency from a customer.

    The selling rate means an exchange company or a bank sells the foreign currency from a customer.

    The rate has been updated at 09:00 AM Pakistan Standard Time (PST).

    The UK Pound Sterling /PKR parity depends on open market rates, they are set by the market forces based on foreign currency demand.

    Pakistani Rupee to UK Pound Sterling on August 12, 2022

    ————————————————-

    Pakistani Rupee to UAE Dirham on August 13, 2022

    KARACHI: Following are the rates of buying and selling of one UAE Dirham (AED) in Pakistani Rupee (PKR) in the open market on August 13, 2022:

    Buying: Rs 57.30 to the UAE Dirham

    Selling: Rs 58.30 to the UAE Dirham

    The buying rate means an exchange company or a bank buys foreign currency from a customer.

    The selling rate means an exchange company or a bank sells the foreign currency from a customer.

    The rate has been updated at 09:00 AM Pakistan Standard Time (PST).

    The UAE Dirham /PKR parity depends on open market rates, they are set by the market forces based on foreign currency demand.

    Pakistani Rupee to UAE Dirham on August 12, 2022

    ————————————————-

    Pakistani Rupee to US Dollar on August 13, 2022

    KARACHI: Following are the rates of buying and selling of one US dollar (USD) in Pakistani Rupee (PKR) in the open market on August 13, 2022:

    Buying: Rs 210.50 to the US Dollar

    Selling: Rs 212.50 to the US Dollar

    The buying rate means an exchange company or a bank buys foreign currency from a customer.

    The selling rate means an exchange company or a bank sells the foreign currency from a customer.

    The rate has been updated at 09:00 AM Pakistan Standard Time (PST).

    The US Dollar /PKR parity depends on open market rates, they are set by the market forces based on foreign currency demand.

    Pakistani Rupee to US Dollar on August 12, 2022

    ————————————————-

    Disclaimer: Team PKRevenue.com provides the available rates of the open market, which are subject to change every hour. The given rates are opening for the day. Team PKRevenue.com provides the available exchange rates at the time of posting the story. So the team is not responsible for any inaccuracy of the data.

  • Hyundai Motor launches Dynamics Artificial Intelligence Institute

    Hyundai Motor launches Dynamics Artificial Intelligence Institute

    SEOUL/CAMBRIDGE: Hyundai Motor Group (the Group) on Friday August 12, 2022 announced the launch of Boston Dynamics AI Institute (the Institute), with the goal of making fundamental advances in artificial intelligence (AI), robotics and intelligent machines.

    The Group and Boston Dynamics will make an initial investment of more than $400 million in the new Institute, which will be led by Marc Raibert, founder of Boston Dynamics. 

    As a research-first organization, the Institute will work on solving the most important and difficult challenges facing the creation of advanced robots.

    Elite talent across AI, robotics, computing, machine learning and engineering will develop technology for robots and use it to advance their capabilities and usefulness.

    The Institute’s culture is designed to combine the best features of university research labs with those of corporate development labs while working in four core technical areas: cognitive AI, athletic AI, organic hardware design as well as ethics and policy.

    “Our mission is to create future generations of advanced robots and intelligent machines that are smarter, more agile, perceptive and safer than anything that exists today,” said Marc Raibert executive director of Boston Dynamics AI Institute.

    “The unique structure of the Institute — top talent focused on fundamental solutions with sustained funding and excellent technical support — will help us create robots that are easier to use, more productive, able to perform a wider variety of tasks, and that are safer working with people.”

    To achieve such advances, the Institute will invest resources across the technical areas of cognitive AI, athletic AI and organic hardware design, with each discipline contributing to progress in advanced machine capabilities. In addition to developing technology with its own staff, the Institute plans to partner with universities and corporate research labs.

    The Institute will be headquartered in the heart of the Kendall Square research community in Cambridge, Massachusetts. The Institute plans to hire AI and robotics researchers, software and hardware engineers, and technicians at all levels.                          

    In addition to the Institute, Hyundai Motor Group separately announced plans to establish a Global Software Center to lead development of its software capabilities and technologies and to enhance its capabilities to advance development of Software Defined Vehicles (SDVs).

    The Center will be established on the basis of 42dot, an autonomous driving software and mobility platform startup recently acquired by the Group.

  • SBP automates verification of refinance claims

    SBP automates verification of refinance claims

    KARACHI: The State Bank of Pakistan (SBP) on Friday announced the automation of verification of refinance clams under the Export Finance Scheme (EFS).

    Automated verification will significantly enhance the efficiency of refinance operations and improve exporters’ access to liquidity, the central bank added.

    READ MORE: Interest rates on export, business loans enhanced to 10%

    With this move, refinance claims can now be verified through an online system by banks and can be made available for performance calculation and loan entitlement within minutes.

    After a brief parallel run, this automated verification of refinance claims will permanently replace the existing manual verification being performed by Foreign Exchange Operation Department (FEOD) and Development Finance Divisions (DFDs) in SBP-BSC offices.

    READ MORE: Pakistan hikes key policy rate by 125 basis points to 15%

    The new automated system allows banks to generate provisional export performance of their exporters during the concluded financial year, review it with the exporter and submit the finalized performance to the system electronically. Subsequently, the system will verify the finalized performance and calculate loan entitlement, which will be granted by SBP-BSC upon banks’ request.

    READ MORE: PHMA cries foul on gas suspension to textile industry

    The automated verification of refinance claims is expected to conserve resources and enhance efficiency by reducing turnaround time and change of hands. This will ensure swift processing of export refinance to exporters and provide them easier access to liquidity, ultimately benefiting export earnings of the country.

    This initiative is part of SBP’s long term vision of digitizing banking operations and bringing ease of doing business in the country.

    READ MORE: Pakistan’s textile exports hit record high at $19.33 bn in FY22

  • Pakistan car sales drop 59% in July 2022

    Pakistan car sales drop 59% in July 2022

    KARACHI: The total sales of car in Pakistan have dropped by 59 per cent Month on Month (MoM) in July 2022.

    The sales are also included non-members of Pakistan Automotive Manufacturers Association (PAMA).

    READ MORE: Pakistan car sales surge 54 per cent in FY22

    Analysts at Topline Securities on Friday said Pakistan car sales (including sales of Non-PAMA members) clocked in at around 14,000 units down 59 per cent MoM primarily due to production issues, higher car prices resulting low purchasing power of consumers, and less working days due to Eid ul Adha holidays in Jul-2022.

    The car sales is also down by 52 per cent Year on Year (YoY).

    READ MORE: Toyota unveils all new Crown for first time

    Indus Motors (INDU) posted decline of 62 per cent MoM to 2,375 units primarily due to non-production days in the month of July 2022. Similarly, Hyundai sales was down by 89 per cent MoM to 201 units from 1,871 units in June 2022.

    Pak Suzuki Motors Company (PSMC) sales was down 58 per cent MoM in July 2022. All variant of company reported decline in the range of 57-95 per cent on MoM basis except for Alto where sales increased to 4,618 units from 1,216 units in June 2022, largely due to low base effect.

    Honda Atlas Car (HCAR) also recorded decline of 35 per cent MoM to 2,537 units in July 2022 led by decline in sales of City & Civic by 30 per cent MoM.

    READ MORE: Honda Motors to start pre-orders of ZR-V SUV by September 2022

    Amongst Tractors, Millat Tractors (MTL) recorded decline of 60 per cent MoM and 65 per cent YoY to 1,011 units . Al Ghazi Tractors (AGTL) recorded sales of 1,243 units, down 48 per cent MoM and 12 per cent YoY.

    Pakistan bike sales were down by 33 per cent MoM and 34 per cent YoY in July 2022. Atlas Honda (ATLH) recorded sales of around 80,000 units down 28 per cent MoM and 20 per cent YoY.

    Trucks & Buses sales were down 22 per cent MoM and 37 per cent YoY to 379 units in July 2022 primarily due to drop in transportation activities amid slowdown in overall economy.

    READ MORE: New tax rates on car registration from July 01, 2022

  • Xiaomi launches ultra-high resolution Pad 5 Pro

    Xiaomi launches ultra-high resolution Pad 5 Pro

    BEIJING: Xiaomi Corporation launched its Xiaomi Pad 5 Pro which provides 12.4″ display for work and entertainment.

    Xiaomi Pad 5 Pro features a large 12.4″ display, which users can fully utilize for a highly efficient and convenient experience in both work and entertainment scenarios.

    READ MORE: Xiaomi unveils CyberOne – first ever humanoid robot

    The 12.4″ high-quality display features an ultra-high resolution of 2560×1600, 120Hz high refresh rate, and hardware-level blue light reduction, providing a comfortable and smooth experience for video-watching and swift multitasking on split-screens.

    Xiaomi Pad 5 Pro’s built-in conference mode can convert speech into text in real time, quickly distinguish between different speakers, and supports real-time translation between Chinese and English.

    READ MORE: Xiaomi launches ultra slim MIX Fold 2 smartphone