KARACHI (Web Desk) - Sales of locally produced cars escalated to 167,507 units in July-May 2015-2016 compared to 136,723 units in the same period last year.
According to a report by Dawn, multiple factors contributed to the increase in car sales including low-interest rates, improving law and order situation and overall improvement in economy.
Among others, Toyota corolla sales swelled to 53,410 units as compared to 46,680 units last year.
Sedan lines of Honda including Civic and City showed a poor growth against Toyota with combined sale of 23,800 as compared to 21,134 units last year.
Related:2016 Honda Civic Launch and Booking in Pakistan – Explained
Suzuki Mehran and Suzuki Bolan sales hit 34,691 and 28,498 units as compared to 27,580 and 20,579 units last year.
As for SUV's, sales of the Toyota Fortuner fell to 518 from 668 units. Suzuki Ravi sales peaked to 28,339 units from 20,225 under Punjab Taxi Scheme, and Toyota Hilux sales crawled up to 4,603 units from 4,137.
Related:Suzuki to replace ‘classical’ Mehran with this modern Alto
The Punjab government yellow cab scheme has helped Suzuki to increase sales up to 33 percent.
Chief Operating Officer of Indus Motors Company (IMC) Ali Asghar Jamali said due to low per capita income, only 16 out of 1,000 people in Pakistan owned a vehicle, as compared to 18 in India.
Pakistani currency continues to gain against US Dollar and other currencies on April 18, 2024. US dollar was being quoted at 277.2 for buying and 280.3 for selling.
Euro comes down to 293 for buying and 296 for selling while British Pound stands at 342.25 for buying, and 345.65 for selling.
UAE Dirham AED was at 75.25 and Saudi Riyal's new rates was at 73.30.
Currency | Symbol | Buying | Selling |
---|---|---|---|
US Dollar | USD | 277.2 | 280.3 |
Euro | EUR | 293 | 296 |
UK Pound Sterling | GBP | 342.25 | 345.65 |
U.A.E Dirham | AED | 75.25 | 75.95 |
Saudi Riyal | SAR | 73.3 | 74.05 |
Australian Dollar | AUD | 181 | 182.8 |
Bahrain Dinar | BHD | 739.63 | 747.63 |
Canadian Dollar | CAD | 201 | 203 |
China Yuan | CNY | 38.45 | 38.85 |
Danish Krone | DKK | 40.45 | 40.85 |
Hong Kong Dollar | HKD | 35.57 | 35.92 |
Indian Rupee | INR | 3.32 | 3.43 |
Japanese Yen | JPY | 1.86 | 1.94 |
Kuwaiti Dinar | KWD | 902.26 | 912.91 |
Malaysian Ringgit | MYR | 58.24 | 59.52 |
New Zealand Dollar | NZD | 164.75 | 169.63 |
Norwegians Krone | NOK | 25.42 | 25.68 |
Omani Riyal | OMR | 722.1 | 730.1 |
Qatari Riyal | QAR | 76.37 | 77.05 |
Singapore Dollar | SGD | 206 | 208 |
Swedish Korona | SEK | 25.72 | 26.02 |
Swiss Franc | CHF | 307.11 | 309.61 |
Thai Bhat | THB | 7.56 | 7.76 |
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