A strong westerly system brought rain and a dust storm to different parts of Karachi on Monday night, just days before the start of the holy month of Ramadan. The Pakistan Meteorological Department (PMD) earlier today forecasted more rain and thunderstorms in the port city and other parts of the country from Tuesday (tomorrow) to Friday. According to the details, rain and gusty winds were reported in several areas of the city, including Nazimabad, Gulshan-e-Iqbal, Gulistan-e-Johar, Rashid Minhas Road, and Malir. Winds gusted to 32 kilometres per hour in the city, according to the weather service. The weatherman predicted light…
Author: Farhan Khan
Toyota Indus Motors Company (IMC) has added new Fortuner GR-S and Revo GR-S variants to its SUV and pickup truck lineup, providing cosmetic upgrades to these popular models. The Fortuner GR-S costs Rs. 21,089,000 (ex-factory), while the Revo GR-S costs Rs. 16,149,000. (ex-factory). Fortuner GR-S Highlights The Fortuner GR-S has undergone a number of changes to improve its overall appearance and feel. A new premium black interior scheme with GR red stitching, suede and leather seat material, and a redesigned carbon fibre gear shift console are among the upgrades. The SUV also has a new 18-inch all-black alloy design, GR…
With every automaker raising prices to account for the increased General Sales Tax (GST) from 18% to 25%, Changan Pakistan has raised car prices for the third time since February to account for the Federal Government’s additional 7% GST. According to the company, the prices of the Changan Alsvin, Oshan X7, Changan Karvaan, and Changan M9 have been raised in Pakistan, and the new prices have already taken effect. Changan Alsvin Price in Pakistan Variant Old Price (PKR) New Price (PKR) Difference (PKR) Alsvin 1.3L M/T Comfort 3,929,000 4,149,000 220,000 Alsvin 1.5L DCT Comfort 4,239,000 4,699,000 460,000 Alsvin 1.5L DCT…
Honda Atlas Cars Pakistan Limited (HACPL) has increased the price of its vehicles in Pakistan by up to Rs. 1 million. Best-selling models from the company like the Honda City, Honda City, Honda BR-V, and the recently released Honda HR-V are included in the most recent price increase in Pakistan. Due to the deteriorating economy and the Federal Government’s decision to raise the General Sales Tax (GST) from 18% to 25% on all SUVs, CUVs, and vehicles having engine capacities of 1400cc and above, the increase in car prices by Honda Atlas Cars Pakistan Limited (HACLP) was not a surprise.…
Hyundai Nishat Motors Private Limited (HNMPL) has raised the prices of its vehicles in response to a 7% increase in General Sales Tax (GST). The company has raised prices by up to Rs. 591,000, and its cheapest car now costs nearly Rs. 6.2 million. The new prices are as follows: Models Old Price (Rs.) Old Price (Rs.) Increase (Rs.) Tucson GLS Sport FWD 7,569,000 8,030,000 461,000 Tucson Ultimate AWD 8,169,000 8,659,000 490,000 Elantra GL 1.6 5,849,000 6,199,000 350,000 Elantra GLS 2.0 6,349,000 6,730,000 381,000 Sonata 2.0 9,129,000 9,679,000 550,000 Sonata 2.5 9,939,000 10,530,000 591,000 Following the recent rise in the…
Toyota Indus Motor Company (IMC) has once again reported unexpectedly high Fortuner and Hilux sales. According to monthly sales data from the Pakistan Automotive Manufacturers Association (PAMA), the company sold 712 Fortuner and Hilux models combined, outselling Pakistan’s best-selling economy car, the Suzuki Alto. It is worth noting that both vehicles cost more than Rs. 10 million (1 crore). One could argue that Toyota IMC has improved its production efficiency in response to the current production crisis. Nonetheless, it is important to note that both vehicles are among the most expensive locally assembled vehicles in Pakistan. Nonetheless, they outsold the…
Sazgar BAIC has announced a significant rise in the price of the BAIC BJ40 Plus in Pakistan beginning on March 8, 2023, for all new orders and reservations. All SUVs, CUVs, and automobiles with engines of 1400 cc or more are now subject to a 25% General Sales Tax (GST), which has caused a price increase. Sazgar BAIC isn’t the only business to raise pricing, though; Toyota Pakistan has also done so for several of its best-selling models. Everyone else in the automotive industry who sells a car that fits into one of the aforementioned categories will follow suit. BJ40…
In response to the Federal Government’s decision to increase General Sales Tax (GST) on all SUVs, CUVs, and cars with engines of 1400cc and above from 18% to 25% in order to meet the demands of the International Monetary Fund, Sazgar Engineering Works Limited (SEWL) has announced an increase in the price of Haval H6 (all models) in Pakistan (IMF). The price of the Haval H6 1.5T, H6 2.0T, and H6 HEV in Pakistan has increased, per the specifics, to reflect the higher General Sales Tax (GST) levied by the Federal Government. Here are the latest prices of all Haval…
Following the imposition of a 25% sales tax, the prices of Honda Civic trims have risen. As part of the reforms related to the International Monetary Fund’s Ninth Review, the federal cabinet approved the Finance Supplementary Bill 2023, which allows an increase in general sales tax to 25% and additional taxes on luxury items. Because of the uncertain economic situation and the depreciation of the local currency against the dollar, Honda Pakistan has increased the retail selling prices of Honda Civic trims. We calculated the estimated new prices of these vehicles because it is almost certain that the government will…
You can purchase a motorcycle from Meezan Apni Bike using Musawamah, an Islamic financing method. The seller does not reveal the costs incurred when producing or acquiring the items when using Musawammah Finance. It is ideal for those looking for Shariah-compliant bike financing with manageable monthly payments, as well as a variety of other benefits. Meezan Apni Bike Financing operates in accordance with Shariah, employing the Musawammah method, in which the bank purchases the vehicle from the market and then sells it to the customer in mutually convenient monthly installments over the facility’s chosen tenure. Essential Qualities & Advantages Mode…