Sales of automobiles rise 32pc in four months

Mahmood Idrees 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.


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 January 27, 2023 (Friday).

Source: Forex Association of Pakistan. (last update 07:00 AM)

Currency Symbol Buying Selling
US Dollar ‎USD 253.5 255.5
Euro EUR 274 276.7
UK Pound Sterling GBP 311 314
U.A.E Dirham AED 68.7 69.3
Saudi Riyal SAR 66.4 67
Australian Dollar AUD 176 178
Bahrain Dinar BHD 615.68 620.18
Canadian Dollar CAD 186 188
China Yuan CNY 34.12 34.37
Danish Krone DKK 33.83 34.18
Hong Kong Dollar HKD 29.52 29.87
Indian Rupee INR 2.81 2.89
Japanese Yen JPY 2.5 2.54
Kuwaiti Dinar KWD 756.69 761.69
Malaysian Ringgit MYR 52.59 53.04
New Zealand Dollar NZD 148.33 149.53
Norwegians Krone NOK 22.43 22.73
Omani Riyal OMR 600.37 604.87
Qatari Riyal ‎QAR 63.5 64
Singapore Dollar SGD 178 179.3
Swedish Korona SEK 21.78 22.08
Swiss Franc CHF 250.23 251.98
Thai Bhat THB 6.98 7.08

KARACHI – The price of a single tola of 24-karat gold in Pakistan is Rs197,900 on Friday. The price of 10 grams of 24k gold was recorded at Rs168,000.

Likewise, 10 grams of 22k gold were being traded for Rs150,300 while a single tola of 22-karat gold was being sold at Rs 173,200.

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 197,900 PKR 2,100
Karachi PKR 197,900 PKR 2,100
Islamabad PKR 197,900 PKR 2,100
Peshawar PKR 197,900 PKR 2,100
Quetta PKR 197,900 PKR 2,100
Sialkot PKR 197,900 PKR 2,100
Attock PKR 197,900 PKR 2,100
Gujranwala PKR 197,900 PKR 2,100
Jehlum PKR 197,900 PKR 2,100
Multan PKR 197,900 PKR 2,100
Bahawalpur PKR 197,900 PKR 2,100
Gujrat PKR 197,900 PKR 2,100
Nawabshah PKR 197,900 PKR 2,100
Chakwal PKR 197,900 PKR 2,100
Hyderabad PKR 197,900 PKR 2,100
Nowshehra PKR 197,900 PKR 2,100
Sargodha PKR 197,900 PKR 2,100
Faisalabad PKR 197,900 PKR 2,100
Mirpur PKR 197,900 PKR 2,100


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