Aftab Ahmed Islamabad: Key cabinet members have blasted local car makers for producing local fuel-efficient cars and charging higher prices. Minister for Science and Technology Fawad Chaudhry says there should be no saving of industry at the cost of the public. He quoted the example of the vehicle of one local auto vendor offering its…
Aftab Ahmed Islamabad: Fauji Fertilizer Company Limited (FFC) has reported a net profit of Rs. 4.26 billion translating into earnings per share of Rs 3.35 for the first quarter ended March 31, 2020. The Company’s profit increased significantly in this quarter due to the PTI government’s decision to reduce GIDC in order to provide benefit…
Aftab Ahmed Islamabad: The Inquiry Committee on Sugar has pointed fingers at the six political and influential groups which include the Jahangir Tareen and the Sharif family involving in cartelization to manipulate prices of sugar in the market. Following the findings of the FIA Inquiry Committee, the government has formed an Inquiry Commission to probe…
News Desk Indus Motor Company (IMC), manufacturer of Toyota vehicles in Pakistan, announced the launch of the all-new Toyota Yaris at an attractive price starting at PKR 2.349 million. The company commenced bookings of its new vehicle on 19th March 2020. Staying true to its focus on continuous improvement and high level of localization, IMC…
News Desk Toyota Indus Motor Company (IMC) plans to launch a new Hybrid SUV in Pakistan to compete with upcoming competition from the Hyundai Tucson, Proton Saga, or the already launched KIA Sportage. The auto sector in Pakistan has recently seen low sales to the point that some manufacturers like Toyota Indus Motor Company (IMC)…