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Locally assembled vehicles sales surge by 40% in April 2018

Nozair Hanif Mirza 03:00 PM | 12 May, 2018
Locally assembled vehicles sales surge by 40% in April 2018
KARACHI – Sales of locally manufactured cars and light commercial vehicles have increased up to 40% in April 2018 compared to statics of same month in previous year.

According to data released by Pakistan Automotive Manufacturers Association (PAMA) on Friday, 25,576 units of automobiles, including jeeps and light commercial vehicles were sold last month.

Stellar performance in the car segment was driven by record sales of Pak Suzuki Motors Limited (PSMCL) with the total sales volume of 14,781 units during the period under review.

PSMC sales surged by 61% year-on-year as Ravi and Wagon R models led the way. Other brands like Bolan, Swift and Cultus showed impressive growth of 89%, 77% and 58% year-on-year, respectively, according to Topline Securities.

Indus Motor Company (IMC) recorded its second highest sales of 6,183 units, up by 10% year-on-year largely driven by Fortuner, up 147% year-on-year. Hilux and Corolla sales surged by 6% and 4%, respectively.

Honda Atlas Cars (HAC) sales jumped by 31pc to 4,603 units in which robust growth came from City due to its rising popularity amongst the upper middle class.

In trucks and buses segment, Master Motors outperformed industry growth by 63 percentage points (82pc versus industry growth of 19pc).

Hinopak and Isuzu sales grew by 2pc and 25pc respectively on the back of higher construction activities driven by China Pakistan Economic Corridor (CPEC), Public Sector Development Program and private sector growth.

Nozair Hanif Mirza
Nozair Hanif Mirza

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

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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 February 7, 2022 (Tuesday).

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

Currency Symbol Buying Selling
US Dollar ‎USD 279 282
Euro EUR 296.67 297.26
UK Pound Sterling GBP 331.71 332.41
U.A.E Dirham AED 74.8 75.1
Saudi Riyal SAR 73.21 73.51
Australian Dollar AUD 190.31 192.72
Bahrain Dinar BHD 732.23 740.23
Canadian Dollar CAD 205.22 207.42
China Yuan CNY 40.72 41.12
Danish Krone DKK 39.92 40.32
Hong Kong Dollar HKD 35.08 35.43
Indian Rupee INR 3.35 3.46
Japanese Yen JPY 2.5 2.54
Kuwaiti Dinar KWD 900.32 909.32
Malaysian Ringgit MYR 64.65 65.25
New Zealand Dollar NZD 174.19 176.19
Norwegians Krone NOK 27.12 27.42
Omani Riyal OMR 715.11 723.11
Qatari Riyal ‎QAR 75.64 76.34
Singapore Dollar SGD 208.03 210.03
Swedish Korona SEK 26.1 26.4
Swiss Franc CHF 297.31 299.81
Thai Bhat THB 8.25 8.4

KARACHI – The price of a single tola of 24-karat gold in Pakistan is Rs 203,400 on Tuesday. The price of 10 grams of 24k gold was recorded at Rs173,360.

Likewise, 10 grams of 22k gold were being traded for Rs167,318 while a single tola of 22-karat gold was being sold at Rs 195,157.

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 203,400 PKR 2,350
Karachi PKR 203,400 PKR 2,350
Islamabad PKR 203,400 PKR 2,350
Peshawar PKR 203,400 PKR 2,350
Quetta PKR 203,400 PKR 2,350
Sialkot PKR 203,400 PKR 2,350
Attock PKR 203,400 PKR 2,350
Gujranwala PKR 203,400 PKR 2,350
Jehlum PKR 203,400 PKR 2,350
Multan PKR 203,400 PKR 2,350
Bahawalpur PKR 203,400 PKR 2,350
Gujrat PKR 203,400 PKR 2,350
Nawabshah PKR 203,400 PKR 2,350
Chakwal PKR 203,400 PKR 2,350
Hyderabad PKR 203,400 PKR 2,350
Nowshehra PKR 203,400 PKR 2,350
Sargodha PKR 203,400 PKR 2,350
Faisalabad PKR 203,400 PKR 2,350
Mirpur PKR 203,400 PKR 2,350

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