Pakistan News

    Hyundai Santro For Sale In Karachi Olx

  • Hyundai will launch pickup, more SUVs to reverse US sales slide

    DETROIT: Hyundai Motor plans to launch a pickup truck in the United States as part of a broader plan to catch up with a shift away from sedans in one of the Korean automaker’s most important markets, a senior company executive told Reuters...

    OBrien, vice president of corporate and product planning at Hyundai’s US unit, told Reuters that Hyundai’s top management has given the green light for development of a pickup truck similar to a...

  • Hyundai halts China production as missile row cuts sales

    SEOUL: Hyundai Motor Co, South Korea’s largest automaker, said on Tuesday it has halted auto production at its plants in China as tensions between Seoul and Beijing over an US anti-missile system hurt its sales and left it unable to pay a supplier...

    All four of its factories that have been in operation in China had stopped manufacturing vehicles as of Tuesday after a local parts supplier refused to supply components when Hyundai...

  • Hyundai, Al-Haj to assemble vehicles in Pakistan

    KARACHI: Hyundai of South Korea has joined hands with Al-Haj Group to introduce top-of-the-line heavy commercial vehicles (HCV) through a technology transfer contract (TTC) under the subsidiary of Al-Haj Hyundai Ltd...

    Al-Haj Hyundai will initially introduce a heavy duty truck Xcient, Universe Luxury buses and Mighty medium and light duty trucks...

  • US opens probe into recall of 1.7m Hyundai, Kia models

    7 million vehicles by Hyundai Motor Co and affiliate Kia Motor Corp over engine defects, according to filings published Saturday...

    A Hyundai spokesman in Seoul the company “has conducted recalls in compliance with US regulations and procedure” and will “sincerely” cooperate with the investigation...

  • MTL mulls joining hands with Hyundai

    KARACHI: Millat Tractors Ltd (MTL) said on Thursday it can possibly join the consortium that is setting up a greenfield plant for the assembly and sale of Hyundai Motor Company (HMC) passenger cars and light commercial vehicles (LCVs) in the one-tonne range...

    Nishat Mills Ltd has recently signed a memorandum of understanding with HMC of South Korea and Sojitz Corporation of Japan for negotiating and establishing a framework to set up...

  • 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...

  • Hyundai Nishat signs pact with production ministry

    KARACHI: Hyundai Nishat Motor Ltd has signed an investment agreement with the Ministry of Industries and Production under Automotive Development Policy 2016-21 for setting up a greenfield project to undertake assembly and sale of passenger and one-tonne commercial vehicles...

  • PM Abbasi breaks ground on Hyundai-Nishat vehicle assembly plant in Faisalabad

    The groundbreaking ceremony of the Hyundai Nishat vehicle assembly plant at Faisalabad's M-3 Industrial City took place on Wednesday, with local production of vehicles expected to begin within two years...

    Hyundai Nishat Motor Ltd signed an investment agreement with the Ministry of Industries and Production under the Automotive Development Policy 2016-21 earlier this week to set up a greenfield project to undertake assembly and sale...

  • Karachi fetches highest bid in sale of PSL franchises

    LAHORE: The Pakistan Super League (PSL) project received a big boost here on Thursday after the Pakistan Cricket Board (PCB) announced that the franchise rights of all five outfits participating in the high-profile league have been sold out for a whopping US$93m for a 10-year period, with the Karachi franchise fetching the highest bid...

    “The PCB is proud to announce that the PSL’s commercial rights for franchises, title sponsorship...

  • SC bars Bahria Town from sale, purchase of land in Karachi

    The Supreme Court (SC) on Friday barred Bahria Town from the sale and purchase of land in Karachi after declaring the allotment of land to the company, and an exchange of land between the Malir Development Authority and Bahria Town illegal...

    The court also held Bahria Town responsible for encroachment on forest land in Takht Pari area near Islamabad, and separately declared constructions in the Marri area illegal, ordering Bahria...

  • F-16 sale in jeopardy

    Infamously, the US not only blocked the transfer of more F-16s to Pakistan, but refused to return the money Pakistan had already paid for them...

    With the American war effort in Afghanistan vastly diminished and the need to rely on Pakistan for supply routes virtually eliminated, Pakistan is learning that it has neither any friends in the US Congress willing to release funds for the sale of eight subsidised F-16s, nor apparently...

  • UK plans 1980s’ style sale of Lloyds shares to Britons

    LONDON: Britain will launch a sale of shares in Lloyds to private retail investors in the next 12 months in what is expected to be the biggest privatisation since Margaret Tha­tcher’s government sold off assets in the 1980s...

    As well as raising money for the state, the 1980s sales aimed to encourage ordinary Britons to invest in companies, an aspiration shared by the current Conservative government...

  • Pakistan raises issue of F-16 sale with visiting US commander

    ISLAMABAD: Pakistan on Monday raised the unresolved issue of F-16 sale to Pakistan and expressed concern with the visiting commander of US Central Command (Centcom) General Joseph Votel...

    Secretary Defence Gen (r) Alam Khattak reiterated Pakistan’s need for the F-16 jets, and impressed upon the visiting Centcom commander the jet’s utility in the war against terror...

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