SERES Pakistan is all set to make history by introducing Pakistan’s first locally assembled electric SUV, the SERES 3, on November 30, 2024. The launch event will take place at 4:00 PM at Regal Automobiles’ manufacturing facility in Lahore.
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PkRevenue provides stories related to automotive industry. We focus on auto policy of Pakistan. The coverage also includes sales of domestic manufacturing.
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Tax Collection from New Car Registrations Jumps 111% in 4MFY25
Karachi, November 27, 2024 – The Federal Board of Revenue (FBR) has reported a significant increase in tax collection from new car registrations, reflecting a 111% surge in the first four months of the fiscal year 2024-25 (July–October).
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Indus Motor Announces Three-Day Shutdown: PSX Notice
Karachi, November 26, 2024 – Indus Motor Company Limited announced on Tuesday that it will temporarily shut down its operations for three days due to a shortage of raw materials.
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MG Pakistan Announces Price Reductions for MG HS Variants
MG Motors Pakistan has announced a price reduction for its locally produced MG HS, a stylish mid-sized crossover SUV known for its impressive blend of design and performance.
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Price of Changan Oshan X7 in Pakistan for November 2024
The Changan Oshan X7, locally produced by Master Changan Motors in Pakistan, has earned a reputation for its impressive performance and elegant design.
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MG Pakistan Announces Major Discounts on EV Lineup
In celebration of its 100-year milestone, MG Pakistan has unveiled significant discounts on its electric vehicle (EV) range. The offer applies to popular models, including the MG4, MG ZS, and MG5, aiming to enhance EV affordability and adoption in Pakistan.
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MG HS Now on Easy Installments with Huge Discounts in Pakistan
MG Motors Pakistan has rolled out an enticing installment plan for its flagship crossover SUV, the MG HS, as part of its 100-year celebrations. This initiative makes all variants of the MG HS, including Excite, Essence, and 2.0T AWD, accessible through 12-month and 18-month payment options.
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Advance Tax on Motor Vehicles in Pakistan for TY 2024-25
Advance tax on motor vehicles is levied under Section 231B of the Income Tax Ordinance, 2001, as amended by the Federal Board of Revenue (FBR) for the tax year 2024-25.
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Honda Atlas Cars Announces 44% Dip in Half-Year Profitability
Honda Atlas Cars (Pakistan) Limited (HCAR) on Friday announced its financial result for 1HMY25 today, posting a profit after tax of PKR 460 million (EPS: PKR 3.22), representing Year on Year (YoY) decrease of 44%.
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DFML Defaults Over Rs 1 Billion in Repayments: Auditor’s Report
Karachi, November 22, 2024 – An independent auditor’s report prepared by Feroz Sharif Tariq & Co. has revealed that Dewan Farooque Motors Limited (DFML) has defaulted on the repayment of long-term loans from financial institutions amounting to Rs 1.097 billion. Additionally, short-term financing facilities totaling Rs 4.096 billion have expired and have not been renewed by banks.
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