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Here's why Suzuki Cultus Bookings Suspended dnd.com.pk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from dnd.com.pk Daily Mail and Mail on Sunday newspapers.
The number of cars sold soared by a massive 114% to 24,918 units due to decline in mark-up rate for auto financing coupled with a reduction in car prices. ....
KSE-100 index closes flat despite late recovery Volume at KSE-100 slightly rose from 128 million shares recorded in the previous session to 156 million shares July 30, 2021 Stocks staged a sharp recovery at Pakistan Stock Exchange (PSX), paring almost all of the intraday losses by the closing bell on Thursday as investors reacted to series of positive news flow during the day. However, the index still closed in red, posting a loss of five points and clocked at 47,312 level. On Thursday the index opened on a negative note where it lost 363 points on the concerns that the government is mulling over strict measures including imposing a lockdown as Covid positivity ratio has reached 30pc in the business hub of the country – Karachi. ....
Car sales skyrocket 90% in FY21 Demand, however, remains 28% lower compared to peak recorded in FY18 KARACHI: The total number of cars sold in Pakistan in fiscal year 2020-21 soared 90% compared to the previous fiscal year (FY20), but sales remained 28% lower than the all-time high of 329,000 units reached in FY18. Pakistan’s total car sales were estimated to have increased by 90% year-on-year to 238,000 units in fiscal year 2020-21, stated a report released by Topline Securities on Tuesday. The report took into account sales by Pakistan Automotive Manufacturers Association (PAMA) and non-PAMA members as well as imports. According to it, PAMA members sold 181,000 units during fiscal year 2020-21, which was 62% higher than fiscal year 2019-20. ....
More carmakers announce price reduction String of price cuts came after govt unveiled tax incentives in new policy KARACHI: After Pak Suzuki Motor Company and Indus Motor Company, KIA Lucky Motors, Honda Atlas Cars and Hyundai Nishat have also announced reduction in prices of their vehicles in order to pass on the benefit of tax withdrawal to consumers. On July 7, the federal government announced tax incentives under the new auto policy, which have now sparked a string of price cuts by the auto companies. Honda Atlas Cars reduced the price of Civic 1.5 RS Turbo by Rs135,000, which dropped from Rs4.7 million to Rs4.56 million. ....