"The company will use Chinese technology and market its vehicles under the brand name of United. The local assembly of these vehicles will begin in the first half of 2018,” United Motors General Manager Muhammad Afzal said.
The auto-market is abuzz with reports that United is introducing Mehran and Ravi lookalikes with minor design variations to avoid copyright litigation and the launch will be followed by the suspected discontinuation of Pak-Suzuki's iconic Suzuki Mehran in 2019.
“Our car and pickup are not the copy of Suzuki brands. Our vehicles are totally different and loaded with various attractive features and safety standards,” declared Muhammad Afzal.
As for the pricing, he said the company intends to keep it “very affordable”. The official, however, did not give any details about the company’s investment in the greenfield project, level of localisation, plant capacity and monthly production number.
It is believed that Pak Suzuki would discontinue Mehran and introduce the next-generation 660cc Alto in March 2019 which will have a price tag of Rs850,000-900,000 (approx) for the basic variant, though an official announcement in this regard is awaited.
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)
|UK Pound Sterling||GBP||331.71||332.41|
|Hong Kong Dollar||HKD||35.08||35.43|
|New Zealand Dollar||NZD||174.19||176.19|
KARACHI – The gold price in Pakistan dropped by Rs4,300 per tola to reach Rs200,000 on Tuesday as it lost ground on second consecutive day after witnessing mostly bullish trend last week.
As per the All-Pakistan Sarafa Gems and Jewellers Association (APSGJA), the price of 10 grams of 24 carats gold decreased by Rs3,686 to settle at Rs171,468.
On Monday, the gold price witnessed a drop of Rs200 per tola to close at Rs204,300.
In the international market, the commodity dropped by $1 to reach $1,869 per ounce.
Meanwhile, silver prices in the domestic market slumped by Rs20 per tola and Rs17.14 per 10 grams to reach at Rs2,230 and Rs1,911, respectively.