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KIA cuts car prices by up to Rs500,000 (Check Latest Rates)

03:19 PM | 6 Oct, 2023
KIA cuts car prices by up to Rs500,000 (Check Latest Rates)
Source: File Photo

LAHORE – The Lucky Motor Corporation (LMC) has announced a cut in the prices of Kia vehicles as rupee made significant recovery against the US dollar.

The auto-assembler in a statement said that the prices of various cars have been reduced by up to Rs500,000.

The price of Sorento variants’ – 3.5L FWD, 2.4L AWD, and 2.4FWD – prices have been reduced by Rs500,000 each.

People who will made full payment will be able to take benefit of reduction in car prices.

Following are the revised prices:

Model Old Price New Price Difference
Picanto AT 3,950,000   3,850,000  -100,000
Sportage FWD  8,190,000  8,040,000    -150,000
Sportage AWD 8,920,000 8,770,000   -150,000
Sportage Black Limited Edition 9,650,000 9,300,000 -350,000
Sorento 2.4L FWD 10,800,000 10,300,000  -500,000
Sorento 2.4L AWD 11,700,000 11,200,000  -500,000
Sorento 3.5L FWD 11,790,000 11,290,000  -500,000

The new prices will come into effect from today, October 6, 2023.

The company said that “new/additional duties and taxes, if any, imposed by the government and applicable at the time of delivery will be borne by the customer.”

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PKR exchange rate to US dollar, Euro, Pound, Dirham, and Riyal - 21 Feb 2024

Pakistani currency remains stable against US dollar and other currencies in the open market on February 21, 2024 (Wednesday).

US Dollar rate in Pakistan

In the open market, the US dollar was being quoted at 279.6 for buying and 282.4 for selling.

Euro comes down to 300 for buying and 303 for selling while British Pound rate stands at 350.5 for buying, and 354 for selling.

UAE Dirham AED hovers at 76.15 whereas the Saudi Riyal saw slight increase, with new rates at 74.35.

Today’s currency exchange rates in Pakistan - 21 Feb 2024

Source: Forex Association of Pakistan. (last update 09:00 AM)
Currency Symbol Buying Selling
US Dollar USD 279.6 282.4
Euro EUR 300 303
UK Pound Sterling GBP 350.5 354
U.A.E Dirham AED 76.15 76.9
Saudi Riyal SAR 74.35 75.1
Australian Dollar AUD 181 183
Bahrain Dinar BHD 743.32 751.32
Canadian Dollar CAD 207 209
China Yuan CNY 38.89 39.29
Danish Krone DKK 40.38 40.78
Hong Kong Dollar HKD 35.74 36.09
Indian Rupee INR 3.37 3.48
Japanese Yen JPY 2.10 2.18
Kuwaiti Dinar KWD 902.41 911.41
Malaysian Ringgit MYR 58.6 59.2
New Zealand Dollar NZD 171.68 173.68
Norwegians Krone NOK 26.43 26.73
Omani Riyal OMR 725.96 733.96
Qatari Riyal QAR 76.76 77.46
Singapore Dollar SGD 207 209
Swedish Korona SEK 26.53 26.83
Swiss Franc CHF 316.9 319.4
Thai Bhat THB 7.93 8.08

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