Toyota increases car prices again by up to Rs1.16m (Check new rates here)

Web Desk 05:10 PM | 29 Jan, 2023
Toyota increases car prices again by up to Rs1.16m (Check new rates here)
Source: file photo

KARACHI – The Indus Motor Company (IMC), the assembler and seller of Toyota-brand vehicles in Pakistan, has increased prices of its cars for a second time in January 2023 following massive depreciation of the local currency.

The IMC notified an increase in the prices on its vehicles with the hike going as high as Rs1.16 million.

The price of Corolla 1.6 CVT has been hiked from Rs5.369 million to Rs5.749 million, an increase of Rs380,000. Corolla 1.8 CVT is now priced at Rs6.07 million after an upward price revision of Rs430,000.

The biggest increase was seen in the prices of the Fortuner range. Fortuner Diesel Legender witnessed a price hike of Rs1.16 million and it will now be available at Rs17.07 million

Toyota Yaris 1.3 MT saw a price surge of Rs260,000 as its rate rose from Rs3.819 million to Rs4.079 million.

Yaris 1.5 CVT’s price has been jacked up by Rs320,000, and it would be now available at Rs4.929 million.

On January 12, IMC also raised car prices across its entire lineup in the range of Rs280,000-Rs1.21 million.

The new RSP (retail selling price) will be effective on all new orders booked after January 12, 2023, the latest notification said.

IMC said economic uncertainties and the extreme volatility in value of rupee against dollar had adversely impacted the cost of manufacturing of the company.

“This situation has made it extremely difficult for IMC to hold on to the current retail selling prices, and therefore, we are compelled to pass on some impact to the market,” the company said in a statement.

The company added that the increase in prices are subject to change and prices prevailing at the time of delivery shall continue to be applicable on all orders.

“Any change in government levies and taxes (including FED, Sales Tax, CVT etc.), tariff, fiscal policies, import policies, etc. will be on account of the customer,” the company said.

Web Desk
Web Desk

Daily Pakistan Global Web Desk


Today's currency exchange rates in Pakistan - Dollar, Euro, Pound, Riyal rates on March 25, 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 March 25, 2023 (Saturday).

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

Currency Symbol Buying Selling
US Dollar ‎USD 283.1 286.15
Euro EUR 304 307
UK Pound Sterling GBP 345.5 349
U.A.E Dirham AED 77.2 78
Saudi Riyal SAR 75.4 76.2
Australian Dollar AUD 187 189.4
Bahrain Dinar BHD 751.6 759.6
Canadian Dollar CAD 205 207.2
China Yuan CNY 41.44 41.84
Danish Krone DKK 41.31 41.71
Hong Kong Dollar HKD 35.92 36.27
Indian Rupee INR 3.41 3.52
Japanese Yen JPY 2.06 2.11
Kuwaiti Dinar KWD 923.62 932.59
Malaysian Ringgit MYR 62.85 63.45
New Zealand Dollar NZD 177.56 179.56
Norwegians Krone NOK 26.33 26.63
Omani Riyal OMR 731.97 739.94
Qatari Riyal ‎QAR 77.43 78.13
Singapore Dollar SGD 208 210
Swedish Korona SEK 26.5 26.8
Swiss Franc CHF 308.97 311.47
Thai Bhat THB 8.3 8.45

Today's gold rates in Pakistan – 25 March 2023

KARACHI - The price of a single tola of 24-karat gold in Pakistan is Rs 207,000 on Saturday.The price of 10 grams of 24k gold was recorded at Rs177,470.   

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 207,000 PKR 2,445
Karachi PKR 207,000 PKR 2,445
Islamabad PKR 207,000 PKR 2,445
Peshawar PKR 207,000 PKR 2,445
Quetta PKR 207,000 PKR 2,445
Sialkot PKR 207,000 PKR 2,445
Attock PKR 207,000 PKR 2,445
Gujranwala PKR 207,000 PKR 2,445
Jehlum PKR 207,000 PKR 2,445
Multan PKR 207,000 PKR 2,445
Bahawalpur PKR 207,000 PKR 2,445
Gujrat PKR 207,000 PKR 2,445
Nawabshah PKR 207,000 PKR 2,445
Chakwal PKR 207,000 PKR 2,445
Hyderabad PKR 207,000 PKR 2,445
Nowshehra PKR 207,000 PKR 2,445
Sargodha PKR 207,000 PKR 2,445
Faisalabad PKR 207,000 PKR 2,445
Mirpur PKR 207,000 PKR 2,445


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