Pak Suzuki stops factory, sales operations

KARACHI: Pak Suzuki Motors Company Limited on Tuesday announced to stop operations in compliance with the government efforts to contain spread of coronavirus epidemic. Read more »

Car sales come down by 44% in eight months

KARACHI: The domestic car sales have declined by 44 percent during first eight months of current fiscal year owing to higher prices and economic slowdown. According to data released on Wednesday by... Read more »

Finance ministry may resolve taxation issues of automotive industry

KARACHI: A standing committee of the National Assembly has assured that finance ministry to convene an exclusive meeting for resolving taxation issues of automotive industry. Read more »

Car sales decline by 45% in seven months

KARACHI: The sale of locally manufactured cars has declined by 45 percent to 78,806 units during first seven months (July – January) 2019/2020 as compared with 142,579 units in the corresponding months... 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 »

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 »

Pak Suzuki declares huge loss of Rs1.52 billion in first half despite multiple increases in prices

KARACHI: Pak Suzuki Motors (PSMC) has declared massive loss of Rs1.52 billion for the first half ended June 30, 2019 despite multiple increase in prices of vehicles during the period. Read more »

Car sales down 4 percent on economic slowdown, high prices

KARACHI: The sales of locally assembled cars have declined by 4 percent during first nine months (July-March) 2018/2019 owing to slowdown in economy and recent rise in car prices, analysts said on... Read more »

Car sales decline 3.2 percent in July – January

KARACHI: The sale of locally assembled motor vehicles has declined by 3.2 percent during first seven months of current fiscal year despite higher prices owing to depreciation of rupee value. Read more »