Pakistan News

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  • Renault signs new agreement to assemble cars in Pakistan

    KARACHI: After suspending talks with Ghandhara Nissan Ltd (GNL) last week, French automaker Renault is making another attempt to assemble and distribute its vehicles in Pakistan in partnership with Al Futtaim, a Gulf-based business house...

    Groupe Renault and Al-Futtaim have signed definitive agreements to assemble vehicles in a new plant in Karachi, a statement said on Monday...

  • Courts mulls ban on new diesel cars as Delhi chokes

    NEW DELHI: India’s top court on Tuesday said it was considering banning new diesel-guzzling SUVs and luxury cars from the streets of New Delhi in a bid to improve the capital’s notoriously toxic air...

    The Supreme Court said it was mulling a ban on purchases of new diesel vehicles with engines over 2000cc, typical of SUVs, jeeps and large cars made by BMW, Toyota and others...

  • Small cars to become ‘affordable’ under new policy: Jatoi

    KARACHI: Federal Minister for Industries and Production Ghulam Murtaza Khan Jatoi on Wednesday said that under the new industrial policy small car prices would be brought down to make them affordable for common people...

    Referring to issues related to new auto units, the minister said that bureaucratic snags had been removed and prospective investors require no permission except those aspiring to set up sugar mill or bring in new...

  • Used cars import to continue under new auto policy

    ISLAMABAD: The government has decided to continue allowing expatriate Pakistanis to bring cars up to three years old on reduced customs duty under the new Automotive Development Policy 2015-20...

    However, the age limit on the commercial import of special-purpose vehicles has been proposed to be restricted to five years under the new policy, a senior official of the Ministry of Industries and Pro­duction told Dawn on Wednesday...

  • One million cars pulled off New Delhi’s smog-shrouded roads

    NEW DELHI: More than a million private cars were barred from New Delhi’s roads on Friday, as authorities began testing drastic new measures to cut smog in the world’s most polluted capital...

    For 15 days from January 1, private cars will only be allowed on the city’s roads every other day to try to reduce pollutant levels, which regularly hit 10 times the World Health Organization’s safe limits...

  • Plan to launch new cars

    KARACHI: In the light of new auto policy, a plan for launching passenger cars in Pakistan by Nissan and Renault was discussed at a meeting held between the officials of Engineering Development Board (EDB), Board of Investment (BoI) and automobile manufacturers...

  • Rs129m sought for 46 new cars for LHC judges

    414 million for the purchase of 46 brand new cars for as many judges...

    It is reliably learnt that the court’s registrar office has sought chief minister’s approval for the provision of supplementary grant for the procurement of 46 new Honda Civic (1800cc) Oriel CVT...

  • Electric future: Britain to ban new petrol and hybrid cars from 2035

    LONDON: Britain will ban the sale of new petrol, diesel and hybrid cars from 2035, five years earlier than planned, in an attempt to reduce air pollution that could herald the end of over a century of reliance on the internal combustion engine...

    Britain’s step amounts to a victory for electric cars that if copied globally could hit the wealth of oil producers, as well as transform the car industry and one of the icons of 20th Century...

  • Renault to start assembling cars in Pakistan by 2018, says Board of Investment

    Renault, a French car manufacturing company, is expected to start assembling cars in Pakistan by 2018...

    After approval of Prime Minister Nawaz Sharif's economic policy and vision, Special Assistant to the PM and Chairman of the Board of Investment (BoI) Miftah Ismail held meetings with stakeholders in Pakistan and foreign companies in the automobile sector, the BoI said in a statement released on Thursday...

  • Renault to produce cars in Pakistan

    ISLAMABAD: Renault will start producing vehicles in Pakistan in 2018, the Board of Investment (BOI) announced on Thursday...

    This will be the first time that a European car manufacturer will set up a plant in Pakistan...

  • Hyundai to assemble cars in Pakistan in venture with textile group Nishat Mills

    Hyundai Motor Company plans to set up a car assembly plant in Pakistan in a joint venture with local textile firm Nishat Mills, an official from Nishat said on Friday...

    Hyundai's return to Pakistan will boost the government's efforts to shake up the Japanese-dominated car market and loosen the grip of Toyota, Honda and Suzuki, who assemble cars in Pakistan with local partners...

  • S.Korea's Kia to start assembling cars in Pakistan: Lucky Cement

    South Korean carmaker Kia Motor Co will start assembling cars in Pakistan, according to a local partner that is planning to invest Rs12 billion ($115 million) to set up a plant and manufacture the Kia vehicles...

    Karachi-listed Lucky Cement, which is part of the vast conglomerate Yunus Brothers Group, said in a statement on Thursday it planned to set up a new company to start "manufacturing, assembling" Kia vehicles...

  • POLITICS: IRAN’S NEW BEST FRIEND

    The biggest chunk of Iran’s oil exports go to China, about 11 billion dollars a year at current prices...

    Airbus Group’s contract for 100 jetliners, worth about 19 billion dollars at list prices, was already held up amid financing problems, and Treasury Secretary Steven Mnuchin said last week that the export license will be revoked (Russian manufacturers could be the beneficiaries)...

  • POLITICS: IRAN’S NEW BEST FRIEND

    The biggest chunk of Iran’s oil exports go to China, about 11 billion dollars a year at current prices...

    Airbus Group’s contract for 100 jetliners, worth about 19 billion dollars at list prices, was already held up amid financing problems, and Treasury Secretary Steven Mnuchin said last week that the export license will be revoked (Russian manufacturers could be the beneficiaries)...

  • ‘Pakistan best place for investment’

    KARACHI: President Mamnoon Hussain has said that Pakistan today is more secure and peaceful and is the best country in the region for investment and entrepreneurs ought to take full advantage of the situation...

    Inaugurating the four-day Pakistan International Trade Fair at Karachi Expo Centre (PITF) on Thursday, Mr Mamnoon said that the participation of 20 countries in the fair is manifestation of the confidence of global community...

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