Business

According to the most recent data released by the Pakistan Bureau of Statistics (PBS) on Wednesday, mobile phone imports in Pakistan exceeded Rs. 37 billion in September 2023.

According to data released by the Pakistan Bureau of Statistics (PBS) on Wednesday, during the first quarter of the current fiscal year (FY24), imports in the petroleum group experienced a significant decline, with a negative growth rate of 28.03 percent.

Auto manufacturers are still wrestling with challenges related to limited inventory and parts, and Honda recently joined the ranks of companies facing these issues.

Customers are now reaping the rewards of the Pakistani currency’s strengthening against the US dollar. MG Motors Pakistan has taken a significant step to provide relief to its customers by slashing the price of the HS Essence by a substantial Rs. 600,000.

In the wake of a recent price reduction, KIA Motors has introduced a new incentive to attract a greater number of customers.

Hyundai has recently elevated the attractiveness of the ELANTRA by introducing a time-limited special offer that provides customers with the valuable benefit of free registration when booking any variant of the Hyundai ELANTRA.

Elahi Cotton Mills Limited made an announcement on Monday regarding the temporary suspension of production activities at the mills for a period of ten days.

The auto industry in Pakistan is grappling with ongoing challenges as Indus Motor Company (IMC), the manufacturer of Toyota vehicles in the country, has revealed a temporary production shutdown due to inventory shortages.

The Honda CG 125 dominates a significant portion of the two-wheeler market in the country.

Ferrari has initiated the acceptance of cryptocurrency payments for its luxury sports cars in the United States and plans to expand this initiative to Europe.