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Suzuki increases car prices by up to Rs350,000 (Check new rates here)

Web Desk 11:06 AM | 9 Feb, 2023
Suzuki increases car prices by up to Rs350,000 (Check new rates here)
Source: File Photo

KARACHI – Following in the footsteps of other carmakers, Pak Suzuki Motors, the assembler, and seller of Suzuki vehicles in Pakistan, has jacked up the prices of its popular models.

The auto giant with the biggest market share in the fifth most populous country has increased car prices with effect from February 9, it was learnt on Wednesday.

With the latest price revision, the price of its most famous Alto AGS has been increased to Rs2,651,000, with a price difference of Rs228,000.

Alto’s basic variant VX price sees an increase of Rs175,000. The car is now marked at Rs2,034,000. The new price of Wagon AGS stands at Rs3.34 million, Cultus at Rs3.9 million, and Swift GLX CVT at Rs4.46 million.

The company also announced halting its automobile products for five days as the automaker is facing shortage of inventory due to non-issues of letters of credit (LCs) by banks amid dearth of dollars. Several import-based business are struggling to continue the operation as foreign exchange reserves held by the central bank dropped to an alarming level of around $3 billion.

In a letter to Pakistan Stock Exchange, it said that "due to continued shortage of inventory level, the management of the company has decided to shut-down automobile plant from February 13, 2023 to February 17, 2023".

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Today's currency exchange rates in Pakistan - Dollar, Euro, Pound, Riyal rates on March 25, 2023

KARACHI - Following are the foreign currency exchange rates for US Dollar, Saudi Riyal, UK Pound Sterling, U.A.E. Dirham, European Euro, and other foreign currencies in Pakistan open market on March 25, 2023 (Saturday).

Source: Forex Association of Pakistan. (last update 09:00 AM)

Currency Symbol Buying Selling
US Dollar ‎USD 283.1 286.15
Euro EUR 304 307
UK Pound Sterling GBP 345.5 349
U.A.E Dirham AED 77.2 78
Saudi Riyal SAR 75.4 76.2
Australian Dollar AUD 187 189.4
Bahrain Dinar BHD 751.6 759.6
Canadian Dollar CAD 205 207.2
China Yuan CNY 41.44 41.84
Danish Krone DKK 41.31 41.71
Hong Kong Dollar HKD 35.92 36.27
Indian Rupee INR 3.41 3.52
Japanese Yen JPY 2.06 2.11
Kuwaiti Dinar KWD 923.62 932.59
Malaysian Ringgit MYR 62.85 63.45
New Zealand Dollar NZD 177.56 179.56
Norwegians Krone NOK 26.33 26.63
Omani Riyal OMR 731.97 739.94
Qatari Riyal ‎QAR 77.43 78.13
Singapore Dollar SGD 208 210
Swedish Korona SEK 26.5 26.8
Swiss Franc CHF 308.97 311.47
Thai Bhat THB 8.3 8.45

Today's gold rates in Pakistan – 25 March 2023

KARACHI - The price of a single tola of 24-karat gold in Pakistan is Rs 207,000 on Saturday.The price of 10 grams of 24k gold was recorded at Rs177,470.   

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 207,000 PKR 2,445
Karachi PKR 207,000 PKR 2,445
Islamabad PKR 207,000 PKR 2,445
Peshawar PKR 207,000 PKR 2,445
Quetta PKR 207,000 PKR 2,445
Sialkot PKR 207,000 PKR 2,445
Attock PKR 207,000 PKR 2,445
Gujranwala PKR 207,000 PKR 2,445
Jehlum PKR 207,000 PKR 2,445
Multan PKR 207,000 PKR 2,445
Bahawalpur PKR 207,000 PKR 2,445
Gujrat PKR 207,000 PKR 2,445
Nawabshah PKR 207,000 PKR 2,445
Chakwal PKR 207,000 PKR 2,445
Hyderabad PKR 207,000 PKR 2,445
Nowshehra PKR 207,000 PKR 2,445
Sargodha PKR 207,000 PKR 2,445
Faisalabad PKR 207,000 PKR 2,445
Mirpur PKR 207,000 PKR 2,445

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