Tue, 21-Oct-2025

Auto sector booms with higher costs

auto sector

KARACHI: The auto sector production is booming, but the industry is also suffering a squeeze on margins through higher costs, and buyers have to pay much more for vehicles compared with most of the world. Despite multiplying prices, there has been no letup in car sales. However, FY23 is going to be a challenging year … Read more

Japanese, Korean auto makers set to venture into hybrid electric vehicles in Pakistan

Car Import

KARACHI: The Auto Industry Development Plan (AIDP 2026), which is expected to be finalised by the first week of August, enables grounds for an expansionary cycle for the sector with new entrants coming in and existing players undertaking expansion. “The policy with relevant concessions eyed for setting up Hybrid Electrical Vehicles (HEV) and Electrical Vehicles … Read more