Auto – Pakistan & Gulf Economist http://www.pakistaneconomist.com Pakistan's Business Financial Magazine Mon, 21 Oct 2019 07:39:11 +0000 en-US hourly 1 https://wordpress.org/?v=5.1.3 Auto industry in shambles due to dull consumer demand http://www.pakistaneconomist.com/2019/10/07/auto-industry-in-shambles-due-to-dull-consumer-demand/ http://www.pakistaneconomist.com/2019/10/07/auto-industry-in-shambles-due-to-dull-consumer-demand/#respond Sun, 06 Oct 2019 19:58:40 +0000 http://www.pakistaneconomist.com/?p=33180 Auto industry was the highest tax-paying industry during the last government’s tenure followed by cigarette, tobacco, telecom sectors. Presently, the automobile industry is going through worst crisis amid rising prices due to imposition of new, higher taxes in the budget and steep currency devaluation in the recent months and now the government is expected to …

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China’s Electric Vehicle Market Races Ahead http://www.pakistaneconomist.com/2019/01/15/chinas-electric-vehicle-market-races-ahead/ http://www.pakistaneconomist.com/2019/01/15/chinas-electric-vehicle-market-races-ahead/#respond Tue, 15 Jan 2019 08:00:30 +0000 http://www.pakistaneconomist.com/?p=24561 When Tesla broke ground on its first factory in China last week, some people were questioning the timing of the company’s expansion to the country. Amid trade tensions, a general economic slowdown and cooling consumer confidence, the Chinese automobile market contracted by 2.8 percent in 2018, marking the first annual decline in more than two decades. As …

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Overview of auto sector of Pakistan http://www.pakistaneconomist.com/2019/01/14/overview-of-auto-sector-of-pakistan/ http://www.pakistaneconomist.com/2019/01/14/overview-of-auto-sector-of-pakistan/#respond Sun, 13 Jan 2019 19:56:34 +0000 http://www.pakistaneconomist.com/?p=24455 Transportation plays a very important role in the development of a society as the demand for transportation increases along with development. It is one of the major industrial sectors of an economy. Over the years, Pakistan has achieved reasonable economic growth with the stable unemployment rate and a rise in foreign investments in recent years …

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Highs and lows for the automotive sector last year http://www.pakistaneconomist.com/2019/01/14/highs-and-lows-for-the-automotive-sector-last-year/ http://www.pakistaneconomist.com/2019/01/14/highs-and-lows-for-the-automotive-sector-last-year/#respond Sun, 13 Jan 2019 19:55:45 +0000 http://www.pakistaneconomist.com/?p=24434 Automotive manufacturing sector is the backbone of engineering spectrum in any country but when compared to many developed countries, our automotive sector is still at infancy level. In Pakistan, automobile sector is mainly lead by the Japanese manufacturers i.e. Honda, Toyota, Suzuki, Yamaha, yet due to the implementation of Automotive Development Policy (ADP 2016 -2021) …

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Strengthening Japanese currency keeping auto sales under pressure http://www.pakistaneconomist.com/2019/01/14/strengthening-japanese-currency-keeping-auto-sales-under-pressure/ http://www.pakistaneconomist.com/2019/01/14/strengthening-japanese-currency-keeping-auto-sales-under-pressure/#respond Sun, 13 Jan 2019 19:54:46 +0000 http://www.pakistaneconomist.com/?p=24460 Automobile sales were up nominally in December 2018, as against 17%YoY decline in November 2018, sales were up 11%MoM. This is the first time in 12 years (since December 2005) that sales have increased in December on MoM basis. This brings 1HFY19 sales number to 120,066 units, down by 3%YoY. This is also the first …

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Time to make Balochistan heaven of auto and allied sector http://www.pakistaneconomist.com/2019/01/14/time-to-make-balochistan-heaven-of-auto-and-allied-sector/ http://www.pakistaneconomist.com/2019/01/14/time-to-make-balochistan-heaven-of-auto-and-allied-sector/#respond Sun, 13 Jan 2019 19:53:26 +0000 http://www.pakistaneconomist.com/?p=24462 Govt must support private sector to set up assembling units in Gwadar Sector has been growing at 8pc a year and is on track to reach $31bn this year Automobile is an export driven-industry providing lucrative investment opportunities for foreign investors. Though Pakistan automobile market witnessed a rapid growth and hefty expansion over the past …

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Top upcoming car manufacturers in Pakistan http://www.pakistaneconomist.com/2019/01/14/top-upcoming-car-manufacturers-in-pakistan/ http://www.pakistaneconomist.com/2019/01/14/top-upcoming-car-manufacturers-in-pakistan/#respond Sun, 13 Jan 2019 19:52:11 +0000 http://www.pakistaneconomist.com/?p=24436 The auto policy 2016-21 indeed seems to be revolutionary for the automobile industry and it seems that the monopoly of local Japanese automakers will soon end in Pakistan. Many new automakers are entering Pakistani market and ready to give tough competition to the existing ones namely; Toyota, Honda, and Suzuki. Following are the new companies …

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New entrants in the auto sector of Pakistan http://www.pakistaneconomist.com/2019/01/14/new-entrants-in-the-auto-sector-of-pakistan/ http://www.pakistaneconomist.com/2019/01/14/new-entrants-in-the-auto-sector-of-pakistan/#respond Sun, 13 Jan 2019 19:51:24 +0000 http://www.pakistaneconomist.com/?p=24453 Pakistan, a country with over 208 million population with educated middle class, is focus of attention of the automobile investors of the world. A recent development reveals that the world’s renowned auto brands are flexing their muscles to make their way to Pakistan and explore the untapped market which is solely dominated by the Japanese …

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Need of fair auto policy objective http://www.pakistaneconomist.com/2019/01/14/need-of-fair-auto-policy-objective/ http://www.pakistaneconomist.com/2019/01/14/need-of-fair-auto-policy-objective/#respond Sun, 13 Jan 2019 19:49:46 +0000 http://www.pakistaneconomist.com/?p=24464 Present government led by Prime Minister Imran Khan needs to announce a comprehensive auto policy that could attract new foreign manufacturer and create a healthy competitive business environment. The country can attract investments of $4-5 billion over the next three to four years in the automobile industry, according to Pakistan Association of Automotive Parts and …

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Automative parts and accessories manufacturers en route for growth and double the investment http://www.pakistaneconomist.com/2019/01/14/automative-parts-and-accessories-manufacturers-en-route-for-growth-and-double-the-investment/ http://www.pakistaneconomist.com/2019/01/14/automative-parts-and-accessories-manufacturers-en-route-for-growth-and-double-the-investment/#respond Sun, 13 Jan 2019 19:48:37 +0000 http://www.pakistaneconomist.com/?p=24438 Rising per capita income with changing demographic distribution with influx of workforce help push auto industry to expand Interview with Mr Sohail Shamim Firpo – Director, Firpo Group of Companies PAGE: Your views on auto parts business in Pakistan: Sohail Shamim Firpo: Auto parts business is growing and emerging business in Pakistan. The auto spare parts …

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