KARACHI – The Indus Motors Company (IMC), the assembler and seller of Toyota-brand vehicles in Pakistan, has decided to “completely” shut down its production plant in the country from February 1-14 due to restrictions on import.
The automaker has informed the general manager of the Pakistan Stock Exchange, stating that the government had directed the commercial banks to facilitate the imports to the certain sectors, which does not include auto industry.
“The company and its vendors continue to face major hurdles in import of raw materials and receiving clearance of their consignments from commercial banks,” Geo News quoted the letter as having said.
It said the company was unable to import raw material and components for the vehicles.
“Accordingly, the company has insufficient inventory levels, therefore, the company is unable to continue its production activities,” the notice read. The plant will remain closed completely from February 1 to 14.
From Feb 15, the production will be reduced to single shift until further notice.
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 November , 2022 (day).
Source: Forex Association of Pakistan. (last update 09:00 AM)
|UK Pound Sterling||GBP||341.5||345|
|Hong Kong Dollar||HKD||36.1||36.45|
|New Zealand Dollar||NZD||174.91||176.91|
KARACHI – The price of a single tola of 24-karat gold in Pakistan is Rs 208,200 on Sunday. The price of 10 grams of 24k gold was recorded at Rs178,500.
Likewise, 10 grams of 22k gold were being traded for Rs159,930 while a single tola of 22-karat gold was being sold at Rs 186,540.
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.
|Lahore||PKR 208,200||PKR 2,350|
|Karachi||PKR 208,200||PKR 2,350|
|Islamabad||PKR 208,200||PKR 2,350|
|Peshawar||PKR 208,200||PKR 2,350|
|Quetta||PKR 208,200||PKR 2,350|
|Sialkot||PKR 208,200||PKR 2,350|
|Attock||PKR 208,200||PKR 2,350|
|Gujranwala||PKR 208,200||PKR 2,350|
|Jehlum||PKR 208,200||PKR 2,350|
|Multan||PKR 208,200||PKR 2,350|
|Bahawalpur||PKR 208,200||PKR 2,350|
|Gujrat||PKR 208,200||PKR 2,350|
|Nawabshah||PKR 208,200||PKR 2,350|
|Chakwal||PKR 208,200||PKR 2,350|
|Hyderabad||PKR 208,200||PKR 2,350|
|Nowshehra||PKR 208,200||PKR 2,350|
|Sargodha||PKR 208,200||PKR 2,350|
|Faisalabad||PKR 208,200||PKR 2,350|
|Mirpur||PKR 208,200||PKR 2,350|
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