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.


Pakistani rupee exchange rate against US dollar, Euro, Pound and Riyal - 20 Feb 2024

Pakistani currency remained largely stable against US dollar and other currencies in the open market on February 20, 2024 (Tuesday).

US Dollar rate in Pakistan

In the open market, the US dollar was being quoted at 279.05 for buying and 282.1 for selling.

On Tuesday, Euro stands at 301 for buying and 304 for selling while British Pound rate stands at 352.4 for buying, and 355.4 for selling.

UAE Dirham AED hovers at 76.55 whereas the Saudi Riyal saw slight increase, with new rates at 74.2.

Today’s currency exchange rates in Pakistan - 20 Feb 2024

Source: Forex Association of Pakistan. (last update 09:00 AM)
Currency Symbol Buying Selling
US Dollar USD 279.05 282.1
Euro EUR 301 304
UK Pound Sterling GBP 352.4 355.4
U.A.E Dirham AED 76.55 77.25
Saudi Riyal SAR 74.2 75
Australian Dollar AUD 180 182
Bahrain Dinar BHD 743.12 751.12
Canadian Dollar CAD 206.5 208.5
China Yuan CNY 38.84 39.24
Danish Krone DKK 40.24 40.64
Hong Kong Dollar HKD 35.74 36.09
Indian Rupee INR 3.48 3.59
Japanese Yen JPY 2.10 2.18
Kuwaiti Dinar KWD 906.33 915.33
Malaysian Ringgit MYR 58.6 59.2
New Zealand Dollar NZD 170.1 172.1
Norwegians Krone NOK 26.43 26.73
Omani Riyal OMR 725.75 733.75
Qatari Riyal QAR 76.76 77.46
Singapore Dollar SGD 207 207
Swedish Korona SEK 26.85 27.15
Swiss Franc CHF 315.64 318.14
Thai Bhat THB 7.93 8.08


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