In response to the rupee's strengthening against the dollar, MG Motors has announced a Rs600,000 price decrease for its HS Essence model.
The crossover SUV's revised pricing is Rs8,099,000 as of October 16.
According to Syed Asif Ahmed, general manager of MG Motors Pakistan, "passing on the forex benefit to the consumer is a logical direction for all businesses, including the automotive industry."
According to MG Pakistan website MG HS is designed to be both spacious and comfortable with a raised driving position to sit head and shoulders above the rest.
MG HS with a sporty exterior and an interior is the new standard of luxury vehicles in Pakistan.
The most noticeable feature at the front is the stellar field grille. The rear is even classier with twin tailpipes and an aluminum lower bumper with a sporty finish.
-Adaptive Cruise Control
-Intelligent High Beam Control
-Blind Spot Detection
-Rear Cross Traffic Alert
-Traffic Jam Assist
-Lane Departure Warning System
-Lane Keep Assist
-Lane Change Assist
-Door Open Warning
It is worth mentioning here that as the rupee strengthened against the dollar earlier this month, Lucky Motor Corporation (LMC) also announced a price decrease of up to Rs500,000 on its KIA automobiles.
Pakistani rupee witnessed marginal losses against US dollar, and other currencies in the open market.
On Wednesday, the dollar was being quoted at 285.6 for selling and 288.65 for buying purposes.
Euro price stands at 312 for buying and 315 for selling. British Pound rate stands at 360 for buying, and 363 for selling.
UAE Dirham AED stands at 78.25 whereas the Saudi Riyal also witnessed fall and new price stands at 76.25.
|UK Pound Sterling||GBP||360||363|
|Hong Kong Dollar||HKD||36.24||36.59|
|New Zealand Dollar||NZD||173.44||175.44|
KARACHI – The gold price moved up down in the local market in line with massive increase in international market.
On Wednesday, the single tola of 24 Karat gold was available at Rs218,000, and the price for 10-gram gold saw an increase of Rs943 to reach Rs186,900.
Meanwhile, the 22 Karat Gold price stands at Rs199,830, 21 karat rate for each tola is Rs190,750 and 18k gold rate hoveres around Rs163,500.00.
In international market, the price of precious metal went up by $29 to settle at $2,044 per ounce.
|Lahore||PKR 218,000||PKR 2,610|
|Karachi||PKR 218,000||PKR 2,610|
|Islamabad||PKR 218,000||PKR 2,610|
|Peshawar||PKR 218,000||PKR 2,610|
|Quetta||PKR 218,000||PKR 2,610|
|Sialkot||PKR 218,000||PKR 2,610|
|Attock||PKR 218,000||PKR 2,610|
|Gujranwala||PKR 218,000||PKR 2,610|
|Jehlum||PKR 218,000||PKR 2,610|
|Multan||PKR 218,000||PKR 2,610|
|Bahawalpur||PKR 218,000||PKR 2,610|
|Gujrat||PKR 218,000||PKR 2,610|
|Nawabshah||PKR 218,000||PKR 2,610|
|Chakwal||PKR 218,000||PKR 2,610|
|Hyderabad||PKR 218,000||PKR 2,610|
|Nowshehra||PKR 218,000||PKR 2,610|
|Sargodha||PKR 218,000||PKR 2,610|
|Faisalabad||PKR 218,000||PKR 2,610|
|Mirpur||PKR 218,000||PKR 2,610|