The Suzuki Alto, one of Pakistan’s most popular small cars, has seen a huge drop in sales. According to data from the Pakistan Automotive Manufacturers Association (PAMA), sales went down by 75% in just one month, from 9,497 units in June to only 2,327 in July. This sharp decline came after the government increased taxes … Read more
In a significant move in the financial landscape, Pak Suzuki Motor Company (PSMC) has unveiled its plans to delist from the Pakistan Stock Exchange (PSX) and set a minimum share price for the buyback of shares held by minority stakeholders. The automotive giant, renowned for being the assembler of Suzuki cars in Pakistan, disclosed its … Read more
KARACHI: The profit after tax of Pak Suzuki Motor Company Limited (PSMC) increased 94 per cent to Rs2.67 billion translating into the earnings per share (EPS) of Rs32.6 during the year ended December 31, 2021. The company recorded a profit of Rs1.37 billion (EPS: Rs16.8) during the same period last year. The company along with … Read more
KARACHI: The Finance Supplementary Act, 2022 imposes several taxation measures on the automobile sector, which prompted the local car assemblers and importers to significantly increase the prices. Dealers of old and used cars said surge in new car prices directly impacted the secondary market. Though there are no authentic numbers, dealers estimate at least Rs25,000 … Read more
ISLAMABAD: A meeting of the Privatisation Commission (PC) Board discussed the prequalification criteria of investors for the revival of Pakistan Steel Mills Corporation (PSMC), auction result of Services International Hotel (SIH) among others. Federal Minister for Privatisation Mohammedmian Soomro chaired the meeting. The revival of Pakistan Steel Mills is one of the important objectives of … Read more
The second-generation Suzuki Swift was introduced in Pakistan back in 2010 to a warm reception and became an instant hit due to its modern features and strong performance. Pak Suzuki Motor Company (PSMC) is still selling it in Pakistan while skipping the launch of the third-generation Swift. According to the recent updates, it is now … Read more
