Honda Pakistan scores hat trick in price surge race

Nozair Hanif Mirza 02:19 PM | 3 Jul, 2018

LAHORE – Auto manufacturer Honda Atlas Cars (Pakistan) Ltd. has increased prices of its various vehicles for the third time in the running year.

Earlier, two Pakistani major car giants Suzuki and Toyota have already ‘revised’ the price of their vehicles manufactured for Pakistani market.

New Retail Price for Honda variants:

Models	Current Price – PKR	New Prices – PKR	Difference – PKR
Honda Civic 1.8L I-VTEC	Rs.2499000	Rs.2599000	Rs.100000
Honda Civic 1.8L Oriel	Rs.2649000	Rs.2749000	Rs.100000
Honda City 1.3L MT	Rs.1699000	Rs.1729000	Rs.30000
Honda City 1.3L AT	Rs.1839000	Rs.1869000	Rs.30000
Honda City 1.5L MT	Rs.1759000	Rs.1789000	Rs.30000
Honda City 1.5L AT	Rs.1899000	Rs.1929000	Rs.30000
Honda City 1.5L Aspire MT	Rs.1839000	Rs.1939000	Rs.50000
Honda City 1.5L Aspire AT	Rs.2029000	Rs.2079000	Rs.50000
Honda BR-V MT	Rs.2099000	Rs.2134000	Rs.35000
Honda BR-V CVT	Rs.2249000	Rs.2284000	Rs.35000
Honda BR-V S CVT	Rs.2349000	Rs.2384000	Rs.35000

The new price will be effective from 2nd July 2018.

The new price will be applicable on cars in consignment stock, if invoiced after 30th June 2018. However, the prices for optional features will remain same.

The surge in price is due to the devaluation of the rupee. In simple terms, not all parts of the cars are manufactured locally, so the automakers are forced to import parts from foreign vendors, which due to the devaluation of the rupee have now become expensive.

Nozair Hanif Mirza

The writer is a member of the staff. He can be accessed on Twitter @iamnozair

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USD to PKR: Pakistani rupee remains stable against dollar as IMF talks underway

ISLAMABAD – Pakistani rupee remained stable against the US dollar as the market is looking for direction amid Pakistan’s ongoing negotiations with the International Monetary Fund (IMF).

Amid the economic uncertainty, the local currency remained unchanged against the greenback, moving up 0.01 percent during the opening hours of trading. Before noon, PKR was hovering at 285.40 in the interbank.

In contrast to the inter-bank, the dollar continued its upward trajectory in the open market and is reportedly available at Rs315, as the gap between the official rate and open market rate is Rs30 per dollar.

As the money market is waiting for a positive development from the economic front, International Monetary Fund (IMF) Mission Chief to Pakistan said they continued engagement with Islamabad focusing on the restoration of foreign exchange proper market functioning, with special on the upcoming budget.

https://en.dailypakistan.com.pk/30-May-2023/today-s-currency-exchange-rates-in-pakistan-dollar-euro-pound-riyal-rates-on-may-30-2023

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Today's gold rates in Pakistan – May 30 2023

KARACHI - The price of a single tola of 24-karat gold in Pakistan is Rs 232,700 on Tuesday.The price of 10 grams of 24k gold was recorded at Rs199,510.

Likewise, 10 grams of 22k gold were being traded for Rs163,624 while a single tola of 22-karat gold was being sold at Rs 190,880.

Note: The gold rate in Pakistan is fluctuating according to the international market so the price is never been fixed. The below rates are provided by local gold markets and Sarafa Markets of different cities.

City	Gold	Silver
Lahore	PKR 232,700	PKR 2,500
Karachi	PKR 232,700	PKR 2,500
Islamabad	PKR 232,700	PKR 2,500
Peshawar	PKR 232,700	PKR 2,500
Quetta	PKR 232,700	PKR 2,500
Sialkot	PKR 232,700	PKR 2,500
Attock	PKR 232,700	PKR 2,500
Gujranwala	PKR 232,700	PKR 2,500
Jehlum	PKR 232,700	PKR 2,500
Multan	PKR 232,700	PKR 2,500
Bahawalpur	PKR 232,700	PKR 2,500
Gujrat	PKR 232,700	PKR 2,500
Nawabshah	PKR 232,700	PKR 2,500
Chakwal	PKR 232,700	PKR 2,500
Hyderabad	PKR 232,700	PKR 2,500
Nowshehra	PKR 232,700	PKR 2,500
Sargodha	PKR 232,700	PKR 2,500
Faisalabad	PKR 232,700	PKR 2,500
Mirpur	PKR 232,700	PKR 2,500