Pakistan News

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  • 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...

  • 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 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...

  • 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...

    MTL informed the Pakistan Stock Exchange (PSX) on Thursday that its board of directors has authorised the company’s CEO and director to initiate discussions with the...

  • 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...

    However, they did not give any details about the investment size and names of vehicles that would be built in Pakistan...

  • 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...

  • Hyundai-Nishat begins truck production

    LAHORE: Hyundai-Nishat Motor Company on Wednesday started commercial production of light trucks at its assembly plant in Faisalabad...

    This news comes at a time when automobile sales in the country are rapidly plummeting amid stabilisation policies being pursued by the government under the $6 billion International Monetary Fund programme...

  • Hyundai and Kia bet on London start-up for electric cars

    South Korea's Hyundai and its Kia affiliate announced plans on Thursday for a major investment in London-based start-up Arrival to produce next generation electric vehicles that cost less than standard engine models...

    Hyundai and Kia have a shared ownership structure but target slightly different markets and demographics...

  • Pemra seeks ARY News response to IB complaint against 'fake news'

    The Pakistan Electronic Media Regulatory Authority (Pemra) on Saturday directed ARY News to respond to a complaint filed by the Intelligence Bureau (IB) against its report on a list of lawmakers suspected of links with banned militant groups allegedly compiled by the IB...

    The list first came to light when ARY News programme 'Power Play' aired a report on Sept 25 claiming that former prime minister Nawaz Sharif had directed the IB on...

  • Pemra serves notices to ARY, Bol News over 'fake' news regarding cabinet reshuffle

    The Pakistan Electronic Media Regulatory Authority (Pemra) has issued show-cause notices to ARY News and Bol News for airing news items regarding a reshuffle in the federal cabinet and change in the portfolios of some federal ministers, it emerged on Tuesday...

    The two media outlets had aired the news on Monday morning about a possible reshuffle in the posts for Minister for Finance and Minister of State for Interior held by Asad Umar...

  • 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...

  • PPP to resist sale of Pakistan Steel Mills land

    ISLAMABAD: Pakistan Peo­ples Party Senator Taj Haider on Friday said that he will resist the sale of Pakistan Steel Mills (PSM) land under the garb of clearing its liabilities...

    “I will set up a protest camp there and not allow the sale of land this way,” he said during a meeting of Senate Standing Com­m­ittee on Industries which was discussing issues related to PSM including nonpayment of gratuity and provident fund to 3,500...

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