Atlas Honda reports 73% decline in after tax profit

KARACHI: The manufacturer of Honda Cars in Pakistan has reported 73 percent decline in profit for the period (April-December) 2019. Read more »

Car import plunges by 80% in July-December

KARACHI: The import of motor cars in completely built unit (CBU) condition fell by 80 percent due to deterrence created against misuse of facility. Read more »

Car sales slump by 44% in first half

KARACHI: Car sales have slumped by 44 percent to 67,019 units in first half (July – December) of fiscal year 2019/2020 as compared with 120,066 units in the corresponding half of the... Read more »

Cars import falls by 81pc during July – November

ISLAMABAD: The import of imported cars has sharply fell by 81 percent during July – November of 2019/2020 owing to restriction imposed by the government for customs clearance through payment in foreign... Read more »

Car sales witness 45 percent decline in July – November

KARACHI: Car sales witnessed 45 percent decline during first five months (July-November) 2019/2020 owing to increased prices and high cost of auto financing. Read more »

Motor vehicle tax rates applicable in Sindh

KARACHI: Following are the motor vehicle tax rates issued by Sindh Excise and Taxation Department for various categories of locally manufactured vehicles.   (a) i)   ii) Motorcycle/Scooter not already registered not... Read more »

Locally manufactured two-, three electric wheelers proposed 1pc sales tax for seven years

ISLAMABAD: All two and three wheelers manufactured under Electric Vehicle Policy will sold at less than one percent sales tax for next seven years to bring the purchase price of EVs down,... Read more »

Electric vehicles to reduce 60pc fuel cost: Amin Aslam

KARACHI: The use of electric vehicles will reduce fuel cost by 60 percent and it will also resolve environmental issues caused by pollution, Malik Amin Aslam, Advisor to Prime Minister for Climate... Read more »

Electric vehicles to help in saving $2 billion oil import payment: adviser

ISLAMABAD: The launch of electric vehicles in the country will help the country to save around $2 billion foreign exchange, which is spend on annually on oil import, Malik Amin Aslam, Prime... Read more »

Pakistan spends $531 million on vehicle import in four months: State Bank

KARACHI: The import of vehicles dropped by 32 percent to $531.53 million dollars during July – October of current fiscal year as compared with $780.57 million in the same period of the... Read more »

Honda Atlas Cars declares 50 percent drop in after tax profit

KARACHI: Honda Atlas Cars (Pakistan) Limited on Thursday announced 50 percent drop in net profit for the quarter ended September 30, 2019. Read more »

Policy recommends import of used electric vehicles

KARACHI: The import of used electric vehicles has been proposed under ‘National Electric Policy’ for at least two years for giving time to local auto manufacturers to prepare development plans. Read more »