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Joylong set to launch light commercial vehicles in Pakistan

03:46 PM | 21 May, 2018
Joylong set to launch light commercial vehicles in Pakistan
LAHORE – Chinese auto manufacturer Joylong is all set to launch its light commercial vehicles in Pakistan.

Jiangsu Joylong Automobile Co Ltd.’s local subsidiary, Joylong Pakistan, will launch Vans in Pakistan by importing CBU’s (completely built units).

The company will bring four different variants of coasters and Hiace-like vans.



Rehan Meghani, Joylong Pakistan’s Chairman told media that they had decided to target the commercial aspect of Pakistan’s auto industry after thorough studies by both our Pakistani and Chinese counterparts.

The variants we are offering have added features with half the price of currently available commercial vans; this will definitely break the monopoly of Japanese manufacturers, he said.

Under the new auto policy 2016-21, many new automakers are coming into the country and are gearing up to launch new vehicles.

https://en.dailypakistan.com.pk/business/pakistan-set-to-start-mercedes-benz-trucks-production/

Aside from Joylong, many companies such as Daimler AG has signed Memorandum of Understanding (MoU) with National Logistics Cell (NLC) to assemble Mercedes-Benz trucks in Pakistan. The company is aiming to tap the pickup/truck segment of the market due to CPEC.

The writer is a member of the staff. He can be accessed on Twitter @iamnozair

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Pakistani Rupee exchange rate to US Dollar, Euro, Pound, Dirham, and Riyal - 11 May 2024

Pakistani rupee rates against US Dollar and other currencies on May 11, 2024 (Saturday) in open market.

USD to PKR rate today

US dollar was being quoted at 277.15 for buying and 279.85 for selling.

Euro stands at 296 for buying and 298.7 for selling while British Pound rate is 344 for buying, and 347.5 for selling.

UAE Dirham AED was at 75 and Saudi Riyal came down to 73.3.

Today’s currency exchange rates in Pakistan - 11 May 2024

Currency Symbol Buying Selling
US Dollar USD 277.15 279.85
Euro EUR 296 298.7 
UK Pound Sterling GBP 344 347.5
U.A.E Dirham AED 75 75.5
Saudi Riyal SAR 73.3 74
Australian Dollar AUD 180.5 182.5
Bahrain Dinar BHD 739.61 747.61
Canadian Dollar CAD 203 205
China Yuan CNY 38.43 38.83
Danish Krone DKK 40.16 40.56
Hong Kong Dollar HKD 35.6 35.95
Indian Rupee INR 3.34 3.45
Japanese Yen JPY 1.91 1.99
Kuwaiti Dinar KWD 904.67 913.67
Malaysian Ringgit MYR 58.71 59.31
New Zealand Dollar NZD 166.93 168.93
Norwegians Krone NOK 25.69 25.99
Omani Riyal OMR 722.52 730.52
Qatari Riyal QAR 76.44 77.14
Singapore Dollar SGD 204 206
Swedish Korona SEK 25.79 26.09
Swiss Franc CHF 306.4 308.9
Thai Bhat THB 7.56 7.71

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