The Ministry of Industries and Production has conducted the first Pakistan Accelerated Vehicle Electrification scheme e-balloting to allocate subsidized electric two and three-wheelers. The digital draw was organised with support from the Engineering Development Board and monitored by a Balloting Oversight Committee to ensure transparency and fairness. According to official details, 269,161 applications were received…
A shipment of compact electric cars has been spotted at Karachi port, raising expectations of a potential new entrant in the electric vehicle lineup in Pakistan. CCTV footage circulating from a local yard shows multiple small hatchbacks parked alongside an MG ZS EV, suggesting an upcoming launch under the same group. The model has been…
Federal Secretary Saif Anjum Initiates Pakistan’s First E-Balloting for Electric Vehicles under PAVE Schemes. In the event of the E- Balloting, CEO EDB Khuda Bux , Additional Secretary Asif Saeed Lughmani were also present. The Ministry of Industries & Production, through the Engineering Development Board (EDB), successfully conducted the first-ever Pakistan Accelerated Vehicle Electrification (PAVE)…
In a major development, the Lahore High Court has rejected Honda Atlas Cars (Pakistan) Limited’s attempt to transfer its appeal against the Competition Commission of Pakistan (CCP) to the court of to justice Anwal-ul-Haq. The court has now fixed October 13, 2025, for final arguments. The automaker, allegedly accused of involving in consumer exploitation through…
Indus Motors To Start Import of Used Cars. It warns the local industry to go down. The Ministry of Commerce (MoC) has issued the Statutory Regulatory Order (SRO) for the commercial import of used cars. The notification follows the decision of the economic coordination committee. The ECC had directed the commerce ministry to issue a…
Topline has revised up earnings estimates for SAZEW for FY27F/28F by 61/60% following the reveal of some details by the company in an analyst briefing held on Sep 25, 2025. While for FY26E, we revise down our earnings estimates by 7% from Rs304/share to Rs282/share owing to lower-than-expected gross margins. Alongside this, we expect the…
Ghandhara Automobiles Limited is preparing to expand its portfolio with the launch of the JAC T9 plug in hybrid electric vehicle in 2026. The company also confirmed the arrival of the JAC T9 2WD, which is expected to reach customers during the first half of October. Industry reports suggest the JAC T9 PHEV will compete…
Ghandhara Automobiles Limited (GAL) announced 4QFY25 results on Monday, wherein the company posted consolidated net earnings of Rs1.8bn (EPS Rs32) compared to net earnings of Rs290mn (EPS Rs5.1) in the same period last year. The result came lower than our expectations due to lower-than-expected revenue and higher other expenses. The company also announced final cash…
Topline Securities has downgraded Millat Tractors Limited (MTL) from HOLD to SELL. It warns that poor farm economics and flood-related disruptions will continue to weigh on tractor sales despite fresh government support schemes. Topline has downgraded its previous HOLD stance on Millat Tractors (MTL) to SELL as we expect the sale of tractors to remain…
Belarus is going to set up the Belarus Tractor Assembly Line in Pakistan in a bid to capture the market. “An agreement with Belarus on tractors will significantly boost agriculture and increase farmers’ productivity,” said Haroon Akhtar Khan. Special Assistant to the Prime Minister (SAPM) on Industries and Production, Haroon Akhtar Khan, chaired a high-level…