Pakistan Archives - Page 58 of 187

State Bank Reduces Auto Financing Loan Tenure

May 24, 2022 - by UsmanAnsari - Leave a Comment

State Bank of Pakistan (SBP) has reduced the consumer financing tenure for vehicles as the country battles a bulging import bill.

Ban on CBU Imports- Who Will Suffer?

May 20, 2022 - by UsmanAnsari - 16 Comments.

In order to curtail the foreign reserves and control the import bill which is running rampant like a raging bull, the government has decided to take extreme measures by putting a complete ban on the import a number of ‘non essential’ items as well as CBU imported vehicles, whether new or used.

Alto 660cc Shatters Yet Another Record

May 19, 2022May 19, 2022 - by UsmanAnsari - 13 Comments.

Suzuki Alto 660cc which came as a replacement of Mehran became the bestselling car within no time. Since its launch back in mid 2019, the hatchback is making records one after another and has just achieved yet another milestone- the highest-ever sales for any local assembled car in a fiscal year.

Another Milestone- A Hat-Trick for Changan

May 19, 2022 - by UsmanAnsari - 6 Comments.

First export, then 10,000 Alsvin, and now 25,000 production celebration – it’s a hat-trick for Changan Pakistan.

Government to Increase Regulatory Duties on Imported Items by Up to 100%

May 18, 2022 - by UsmanAnsari - 2 Comments.

Government in order to put off pressure from foreign exchange reserves and the stability of the exchange rate, is in the process to devise an import curtailment plan as per which Regulatory Duties (RDs) on the number of imported items will increase by up to 100%.

2022: Toyota Sales in Pakistan Spearheaded by Corolla

May 17, 2022July 23, 2022 - by UsmanAnsari - 4 Comments.

The dream run of 11th gen Toyota Corolla in Pakistan continues in April 2022 as well. The aging sedan which is now about to enter its 9th year of production in our country was able to be the highest selling sedan of the country for 7th consecutive month.

Government Considering to Reduce Taxes to Alleviate Price Hikes

May 16, 2022May 18, 2022 - by UsmanAnsari - 5 Comments.

To alleviate the price hikes, the Ministry of Industries and Production (MoIP) has proposed tax reductions to be implemented in the upcoming financial budget for FY22-23.

Changan Celebrates 10,000 Sales of Alsvin

May 15, 2022May 15, 2022 - by UsmanAnsari - 4 Comments.

Changan is celebrating sales of 10,000 units of its Alsvin subcompact sedan which was formally launched in January 2021.

Massive Increase in Toyota CBU Prices

May 15, 2022 - by UsmanAnsari - 1 Comment

Indus Motor Company (IMC) the company behind assembling & importing Toyota cars in Pakistan has announced a massive increase in prices for its CBU imported vehicles.

New Suzuki Swift Received an Overwhelming Response

May 13, 2022 - by UsmanAnsari - 4 Comments.

The latest hatchback by Suzuki has now made it to the domestic sales charts for the first time, and that too, in style. According to the data released by PAMA (Pakistan Automobile Manufacturers Association), new Suzuki Swift saw 2,273 units sold in April 2022.