Tag: cbu
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Kia increases car prices by up to Rs1.3 million ‘due to significant devaluation of Pakistani rupee’
As the value of the Pakistani rupee (PKR) against the US dollar falls to an all-time low, Kia Lucky Motors Corporation (KLMC) has announced a significant hike in their car prices in Pakistan. Details indicate that, depending on the model, the manufacturer has increased the price of the Kia Picanto, Kia Sportage, Kia Stonic, Kia…
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Honda Pakistan to launch the long-awaited HR-V tomorrow
The long-awaited all-new Honda HR-V will finally make its formal debut on Friday, according to Honda Atlas Cars Limited (HACL), which recently teased the crossover in a Facebook post and confirmed the unveiling. Honda Pakistan will offer two versions of the HR-V, the VTi and VTi S. The 1.5-liter 4-cylinder naturally aspirated (NA) petrol engine in…
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Govt lifts import ban on luxury goods with heavy duties
On the recommendation of the International Monetary Fund (IMF), the Federal Minister for Finance and Revenue, Miftah Ismail, announced lifting of the ban on the import of luxury and non-essential goods on Thursday. He added, however, that the Regulatory Duties (RDs) would be increased significantly to deter the import of such items. “It is requirement…
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ECC lifts import ban on goods except CBU vehicles, mobiles and appliances
The Cabinet’s Economic Coordination Committee (ECC) has decided to lift the import ban on all items other than completely built units (CBUs) of automobile, mobile, and home appliances and to permit the import of 200,000 metric tonnes of wheat. The increase in petroleum dealers’ margin from Rs4.90 per litre and Rs4.13 per litre, respectively, to…
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Pakistani mobile manufacturing businesses are laying off workers due to economic challenges
There has been significant upheaval in the economy as a result of the new tax structure, rising inflation, and the power shortage. The Samsung mobile factory, which is owned by Lucky Motors, experienced a similar situation when it had to lay off a number of employees because Pakistan was short on raw materials. In addition…
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Toyota Camry after a hike of Rs2 million, priced at Rs23.3 million
Toyota Indus Motor Company (IMC) has announced a massive price hike for all completely built-up (CBU) units offered by the Japanese automaker in Pakistan. The price of Toyota Camry is upped by Rs2 million and will now cost Rs23.3 million The only variant of the popular hybrid model, Toyota Prius received a hike of Rs1.26…
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Toyota Land Cruiser is now priced at Rs8 crore after a hefty price hike
The new Land Cruiser was unveiled in Pakistan by Toyota Indus Motor Company (IMC) at a staggering price of Rs72.50 million. The SUV is a one-of-a-kind vehicle in Pakistan, with pricing comparable to some of the most expensive German SUVs. Due to the depreciating Pakistani rupee, overall inflation and rising transportation costs, the Land Cruiser,…
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Proton X70, the low-cost SUV that never arrives after booking
The Malaysian SUV Proton X70 was introduced in Pakistan in December 2020. Still, there are very few vehicles observed running on Pakistani roads, implying that the low-cost SUV may have failed in the country’s auto market. The SUV reached Pakistan at a difficult period when there were several import restrictions due to COVID-19 lockdowns, which…
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Here’s a look at the upcoming Honda Vezel 2023
Honda’s mini-SUV, the HR-V is finally approaching its second generation. The upcoming model will have some significant upgrades from styling to engine performance. It will be bulkier, futuristic, and more powerful than the previous model, with better looks than the smaller, hybrid-only European variant introduced in 2021. VEZEL and HR-V confusion For those who may…