Tag: Manufacturing
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Car sales increase in Pakistan despite high prices, economic challenges
In a surprising turn of events, the soaring prices of cars in Pakistan have not deterred buyers, as car sales experienced a notable uptick in February 2024.
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Toyota manufacturer in Pakistan halts car production amid parts shortage
Indus Motor Company (IMC), the manufacturer of Toyota vehicles in Pakistan, has declared a temporary shutdown of its production plant for a duration of six days.
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Pakistan’s mobile phone imports skyrocket, surpassing $987 million in first half of FY 23-24
Pakistan has witnessed a remarkable surge in mobile phone imports, reaching $987.539 million during the first half (July–January) of the fiscal year 2023–24.
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Pakistan’s key industries report 3.63% output increase
In November 2023, Pakistan’s Large Scale Manufacturing Industries (LSMI) experienced a notable monthly growth of 3.63 per cent, reaching a production index of 114.85, as reported by the Pakistan Bureau of Statistics (PBS).
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Pakistan navigates economic turbulence in 2023: A year of challenges and resilience
2023 posed significant challenges for Pakistan’s economy, characterised by a sharp slowdown, escalating inflation, and a near-default situation.
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Robot mistakes man for box, crushes him to death
A South Korean man was misidentified as a box by a robot that crushed him to death, local media has reported. The incident took place when the worker, reportedly in his 40s, was inspecting the robot’s sensor at a warehouse for agricultural products. Yonhap news agency reports that the robot was lifting boxes of bell…
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Here’s why Toyota Indus Motor Company is halting car production for one month
Indus Motor Company (IMC), the leading manufacturer of Toyota vehicles in Pakistan, has announced a temporary production suspension lasting a month due to inventory shortages.
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Inventory challenges lead Indus Motor Company to halt Toyota car production in Pakistan
Indus Motor Company Limited, the firm responsible for the assembly of Toyota vehicles in Pakistan, has recently announced a temporary suspension of its production operations until October 9. This significant decision was formally communicated through a notice submitted to the Pakistan Stock Exchange (PSX).
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Toyota resumes production after system malfunction halts operations
The broader context in Japan includes reports of harassing phone calls received by businesses and government offices, possibly due to geopolitical factors. These calls have been linked to China and the decision to release treated radioactive water from the damaged Fukushima nuclear power plant into the Pacific Ocean.
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Output of Pakistan’s main industries declines by over 10%
The economic landscape of Pakistan has faced a notable setback, with the Large Scale Manufacturing Industries (LSMI) output experiencing a decline of 10.26 per cent during the fiscal year 2022–23 when compared to the same period in 2021–22. This concerning information has been revealed by the Pakistan Bureau of Statistics (PBS), shedding light on the…