Karachi: The Mega Motor Company (Private) Limited (MMC), the official Pakistani partner of Chinese electric vehicle giant BYD, has secured long-term financing from British International Investment (BII) to build Pakistan’s first purpose-built, large-scale new energy vehicle (NEV) manufacturing plant.
(more…)Author: Faisal Shahnawaz
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Changan Motors back on track: Deepal S05 REEV rolls out after delay
Karachi – Changan Motors Limited has announced the resumption of full-scale production and deliveries of its Deepal S05 REEV at its Karachi facility, following a brief delay caused by late arrival of completely knocked down (CKD) kits.
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New Zealand crush Sri Lanka, inch closer to T20 World Cup 2026 semi-final spot
Colombo, February 25, 2026 – New Zealand delivered a commanding all-round performance to defeat Sri Lanka by 61 runs in their crucial T20 World Cup 2026 clash on Wednesday, significantly boosting their chances of securing a place in the semi-finals.
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MG Pakistan Begins Deliveries of All-New MG U9 Pickup in Pakistan
MG Motor Pakistan has officially started deliveries of the all-new MG U9 pickup truck across the country, marking a significant step in the brand’s expansion into Pakistan’s premium pickup segment.
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Chery Pakistan Launches Free Inspection Campaign for Tiggo 8 Pro and Tiggo 4 Pro Owners
Chery Master Pakistan has rolled out a limited-time aftersales campaign, offering a complimentary service inspection for owners of the Chery Tiggo 8 Pro and Chery Tiggo 4 Pro across the country.
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SBP Issues Today’s KIBOR Rates: February 25, 2026
Karachi, February 25, 2026 — The State Bank of Pakistan (SBP) on Wednesday released the latest Karachi Interbank Offered Rates (KIBOR) to provide guidance for banks, investors, and financial institutions on short- and long-term lending rates. The KIBOR serves as a benchmark for the pricing of loans, deposits, and other financial instruments in Pakistan’s banking sector.
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SBP releases today’s interbank foreign exchange rates: February 25, 2026
Karachi, February 25, 2026 — The State Bank of Pakistan (SBP) on Wednesday released the latest interbank foreign exchange rates to provide guidance to banks, businesses, and consumers engaged in foreign currency transactions. The rates serve as an indicative benchmark for commercial banks and are intended to facilitate smooth currency trading in the domestic market.
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Pakistan Customs announces mega public auction of cars, SUVs, and commercial vehicles
Karachi, February 25, 2026 — The Pakistan Customs has announced a public auction of cars, SUVs, and commercial vehicles to be held at Gadani on February 26, 2026, organized by the Collectorate of Customs (Enforcement), Gadani. The auction aims to dispose of old and used vehicles, providing an opportunity for traders, transport companies, and the general public to acquire vehicles at competitive rates.
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PSX profits soar 50% in 1HFY26, riding high on market surge
Karachi, February 25, 2026 — The Pakistan Stock Exchange (PSX) on Wednesday announced its financial results for the first half of fiscal year 2025-26, reporting a 50% increase in profit after tax compared to the same period last year.
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KSE-100 index sheds 1,632 points amid volatile trading session
Karachi, February 25, 2026 — The KSE-100 index at the Pakistan Stock Exchange (PSX) witnessed a sharp decline of 1,632 points on Wednesday, closing at 164,626.29 amid a highly volatile trading session. Analysts attributed the fall to weak investor sentiment, futures rollover pressures, and profit-taking by index-heavy stocks.
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