Pakistan News

    General Tyre Rubber Company Of Pakistan

  • Fall in rubber production, woes of tyre industry

    India’s rubber sector, which has been plagued by sharply declining prices for the past few years, is witnessing a gradual shift in demand and supply...

    And this time, it is the rubber growers who are having an upper hand, as the tyre and other rubber-consuming industries complain of escalating prices...

  • Hurdles in tyre industry expansion

    KARACHI: The Indian tyre industry is gearing up to capture world markets, while Pakistani counterparts are finding it hard to operate even in domestic market, which is 80 per cent dominated by smuggled and imported tyres...

    There are 40 listed tyre companies in India against total eight companies in Pakistan and of which only one is listed and manufactures passenger radial tyres...

  • Duty cut irks tyre makers

    KARACHI: A local tyre manufacturer has expressed concern over the budgetary proposal of reducing up to 40pc duty on imported tyres...

    A spokesman of General Tyre and Rubber Company in a statement said the proposed reduction in import duty of passenger cars tyres from 25pc to 15pc and light truck tyre from 20pc to 15pc would hurt the government’s revenue target as the import trade prices (ITP’s) are low and do not reflect reality... ...

  • Tyre dump fire near Madrid releases toxic cloud

    MADRID: A huge waste ground near Madrid where millions of tyres have been dumped was on fire on Friday, releasing a thick black cloud of toxic fumes that officials worry could harm residents nearby...

    The government of the Castilla-La Mancha region where the dump is located, just dozens of kilometres south of the Spanish capital, said it had activated an emergency action plan
  • Dengue: warning to tyre traders

    LAHORE: The town municipal officials have given a warning to Naulakha tyre market traders to follow the dengue regulations and standard operating procedures or face sealing of their shops...

  • Collaborative manufacturing in tyre business

    “Starting a new tyre manufacturing business in Pakistan has become very capital intensive over the years...

    “The costs of making tyres (for cars, buses, tractors, dumpers, OTR (off-the-road) vehicles, industry, etc) locally has gone up sharply because we do not produce raw materials — rubber, chemicals, bead wire, special fabric, etc —, or have a vending industry to support the (end tyre) manufacturers,” argued Awais Piracha, whose...

  • Sino-Pak tyre venture to invest $600m

    KARACHI: The Sino-Pak Tire Manufacturing Joint Venture is “an import substitution opportunity” that seeks to leverage Pakistan’s locational advantage as well as growing market for vehicle tyres, said Dr Xu Peng, Managing Director of InvestTarget — the investment bank and private equity fund which is the largest investor in the consortium...

    The company will aim to produce five to six million pieces every year, 2-3m of which will be...

  • Pakistan hope to subdue rejuvenated Sri Lanka in ODI rubber

    DUBAI: Pakistan are counting on a change in format and players to overcome a resurgent Sri Lanka in the five-match One-day International series starting here at the Dubai International Cricket Stadium on Friday...

    Pakistan were upset 2-0 in the preceding Test series but they are hoping to change their fortunes and carry the limited-overs form which helped them win the eight-nation ICC Champions Trophy held in England in June this...

  • Misbah-led Pakistan can make history in WI Test rubber: Iqbal

    KARACHI: Former chief selector Iqbal Qasim on Sunday backed Pakistan Test captain Misbah-ul-Haq to make history in the upcoming series against West Indies, beginning later this month...

    Iqbal, an ex-Pakistan spinner who bagged 171 wickets during a 50-Test career from 1976 to 1988, said Misbah is very determined to set the record straight on the Caribbean soil where Pakistan have never won a Test series...

  • Pollard, Narine get nod for Pakistan T20 rubber

    BRIDGETOWN: Kieron Pollard, Sunil Narine, Lendl Simmons and Samuel Badree have been picked by the West Indies selectors to play in the Twenty20 Internat­ional segment of the limited-overs series against Pakistan...

    West Indies’ last Twenty20 series was also against Pakistan, in the UAE last September...

  • Uninvited guests at company annual general meetings

    THE previous Monday, Securities and Exchange Commission of Pakistan handed out its judgement in the case of an unidentified ‘plastic company’, which appears to have fallen short of its obligation to hold the shareholders’ annual general meeting...

    The CEO of a multi-national FMCG company, which is regularly hounded by ‘mischief mongers’ at its AGM, dismissed the plethora of regulations as ‘all paper work and nothing on the ground... ...

  • India hope to wrap up T20 rubber, NZ seek comeback

    RAJKOT: After a brilliant performance in the series opener in Delhi where India secured their maiden Twenty20 win against New Zealand, the hosts will be facing the Kiwis in the second T20 here on Saturday...

    While India will be hoping to bag yet another series win with a victory, New Zealand will definitely look to make a comeback and keep the three-match series alive
  • Planning Commission used as rubber stamp for Lahore project: official

    The 27km Lahore Orange Line Metro Train is a brainchild of Chief Minister Shahbaz Sharif and the authorities signed its contract with Chinese contractors during the recent visit to Pakistan of Chinese President Xi Jinping even though its legal and procedural formalities had yet to be completed, the sources said...

    Know more: Pakistan, China sign pact on Lahore Orange Line metro project“We were used as a rubber stamp,” said an official...

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