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Sales of automobiles rise 32pc in four months

12:43 PM | 14 Nov, 2017
Sales of automobiles rise 32pc in four months
KARACHI – The automobile sector of Pakistan recorded an increase of 32 percent to 83,809 units in sale of locally produced cars, jeeps, vans and light commercial vehicles (LVCs) during first four months (July-October) of running fiscal year 2017-18.

According to data released by Pakistan Automotive Manufacturers Association (PAMA), 23,341 units of these vehicles were sold in October showing an increase of 46pc on year on year basis.

With the launch of new models, Honda Atlas Cars observed an increase of 55pc to 17,110 units during the four months. It sold 4,506 units in October marking an increase of 50pc year on year basis.

Pak Suzuki Motor Company Ltd (PSMCL) topped the list as the company registered a surge of 53pc in sales of its products during October as compare to last year. Sales of WagonR observed 141pc increase.

The company’s overall sales went up 36pc to 46,941 units during four months.

Indus Motors Company’s sales of Toyota increased 4pc in October, while the growth remained 10pc in four months.

During the first four months, the sales of Massey Ferguson and Fiat tractors reached 13,318 and 8,385 units from 7,628 and 4,627.

Sales of trucks increased to 2,917 during July-October of 2017 as compared to 2,183 units of last year, while a decline has been observed in sales of bus.

Motorcycle/three-wheeler sales registered a growth of 18pc in October, and 74pc in the first four months.

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Currency Rates in Pakistan Today - Pakistani rupee to US Dollar, Euro, Pound, Dirham, and Riyal - 17 April 2024

Pakistani currency saw minor adjustment against global currencies on April 17, 2024. US dollar was being quoted at 277.4 for buying and 280.4 for selling.

Euro comes down to 293.15 for buying and 296.1 for selling while British Pound stands at 344.25 for buying, and 347.6 for selling.

UAE Dirham AED was at 75.4 and Saudi Riyal's new rates was at 73.30. 

Today’s currency exchange rates in Pakistan - 17 April 2024

Currency Symbol Buying Selling
US Dollar USD 277.4 280.4
Euro EUR 293.15 296.1
UK Pound Sterling GBP 344.25 347.6
U.A.E Dirham AED 75.45 76.2
Saudi Riyal SAR 73.3 74.05
Australian Dollar AUD 181 182.5
Bahrain Dinar BHD 739.38 747.38
Canadian Dollar CAD 201 203
China Yuan CNY 38.45 38.85
Danish Krone DKK 40.45 40.85
Hong Kong Dollar HKD 35.57 35.92
Indian Rupee INR 3.33 3.44
Japanese Yen JPY 1.86 1.94
Kuwaiti Dinar KWD 902.26 911.26
Malaysian Ringgit MYR 58.24 58.84
New Zealand Dollar NZD 164.75 166.75
Norwegians Krone NOK 25.38 25.68
Omani Riyal OMR 722.1 730.1
Qatari Riyal QAR 76.37 77.07
Singapore Dollar SGD 204.5 206.5
Swedish Korona SEK 25.72 26.02
Swiss Franc CHF 307.11 309.61
Thai Bhat THB 7.61 7.76

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