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After Toyota and Honda, Suzuki Pakistan also raises car prices by up to Rs355,000 (Check New Rates Here)

Web Desk 10:29 AM | 25 Jan, 2023
After Toyota and Honda, Suzuki Pakistan also raises car prices by up to Rs355,000 (Check New Rates Here)
Source: File photo

KARACHI – Pak Suzuki Motor Company has announced the first hike for its popular vehicles in 2023 by increasing the prices of various models by Rs100,000-355,000.

While the auto giant has not cited any reason for the hike, mounting inflation and local currency depreciation are the likely reasons.

The price of its most famous model Alto has been soared to Rs 1,859,000 with price difference of160,000, Wagon R VXR is now available at Rs2,629,000, Cultus VXR at Rs3,039,000, Swift GL M/T at Rs3,479,000, and Bolan VX at Rs1,619,000.

With immediate effect, the rising car prices are as follows:

The worsening economic crisis badly affected the auto sector as the country’s leading carmaker Suzuki has not produced even a single vehicle in 2023.

The other leading players are also facing the severe impact of the dilapidating situation, witnessing several non-production days every week.

Earlier, Honda and Toyota also announced price hike for their cars and SUVs.

Honda Atlas Cars hiked prices of its entire line-up, with the increase going as high as Rs550,000. The company cited exchange rate volatility and inflation in material cost as the reason behind the price-increase.

Indus Motor Company, the assembler of Toyota-brand vehicles in Pakistan, notified a hike in car prices across its entire lineup with the increase in the range of Rs280,000-Rs1,210,000.

Web Desk
Web Desk

Daily Pakistan Global Web Desk

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Today's currency exchange rates in Pakistan - Dollar, Euro, Pound, Riyal rates on May 27, 2023

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 May 27, 2023 (Saturday).

Source: Forex Association of Pakistan. (last update 09:00 AM)

Currency Symbol Buying Selling
US Dollar ‎USD 307.9 311.15
Euro EUR 330 333
UK Pound Sterling GBP 381 384.5
U.A.E Dirham AED 84.6 85.4
Saudi Riyal SAR 82.6 83.4
Australian Dollar AUD 201 203
Bahrain Dinar BHD 762.21 770.21
Canadian Dollar CAD 225.5 227.5
China Yuan CNY 40.6 41
Danish Krone DKK 41.39 41.78
Hong Kong Dollar HKD 36.6 36.95
Indian Rupee INR 3.47 3.58
Japanese Yen JPY 2.15 2.2
Kuwaiti Dinar KWD 932.2 941.2
Malaysian Ringgit MYR 62.42 63.02
New Zealand Dollar NZD 176.98 178.98
Norwegians Krone NOK 26.14 26.44
Omani Riyal OMR 744.58 752.57
Qatari Riyal ‎QAR 78.73 79.41
Singapore Dollar SGD 215 217
Swedish Korona SEK 26.73 27.03
Swiss Franc CHF 316.34 318.84
Thai Bhat THB 8.28 8.43

Today's gold rates in Pakistan – May 27, 2023

KARACHI - The price of a single tola of 24-karat gold in Pakistan is Rs 235,550 on Saturday.The price of 10 grams of 24k gold was recorded at Rs201,950.   

Likewise, 10 grams of 22k gold were being traded for Rs163,624 while a single tola of 22-karat gold was being sold at Rs 190,880.

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 235,550 PKR 2,450
Karachi PKR 235,550 PKR 2,450
Islamabad PKR 235,550 PKR 2,450
Peshawar PKR 235,550 PKR 2,450
Quetta PKR 235,550 PKR 2,450
Sialkot PKR 235,550 PKR 2,450
Attock PKR 235,550 PKR 2,450
Gujranwala PKR 235,550 PKR 2,450
Jehlum PKR 235,550 PKR 2,450
Multan PKR 235,550 PKR 2,450
Bahawalpur PKR 235,550 PKR 2,450
Gujrat PKR 235,550 PKR 2,450
Nawabshah PKR 235,550 PKR 2,450
Chakwal PKR 235,550 PKR 2,450
Hyderabad PKR 235,550 PKR 2,450
Nowshehra lPKR 235,550 PKR 2,450
Sargodha PKR 235,550 PKR 2,450
Faisalabad PKR 235,550 PKR 2,450
Mirpur PKR 235,550 PKR 2,450

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