Pakistan News

    Nankang Tyre Dealers In Lahore

  • 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... ...

  • Fall in rubber production, woes of tyre industry

    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...

    Last week, tyre makers in India bemoaned that the industry is caught between a rock and a hard place: while natural rubber prices are soaring, tyre imports are also ballooning, hurting the domestic tyre manufacturers...

  • 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...

  • Jordanian officials sold CIA-supplied weapons to arms dealers: report

    WASHINGTON: Jordanian intelligence officials stole millions of dollars of weapons that the CIA and Saudi Arabia had supplied for Syrian militants, then sold them on the black market, The New York Times and Al Jazeera reported...

    The military equipment had been shipped into Jordan as part of the Central Intelligence Agency's secret program to train and equip 'moderate Syrian rebels' to fight government troops loyal to Syrian President...
  • SBP surprises currency dealers with 1pc margin

    KARACHI: The State Bank has allowed exchange companies to charge up to one per cent as spread between buying and selling, surprising even currency dealers who were doing business with half a per cent spread...

    Currency dealers said 1pc spread is too high since they were doing business with half a per cent spread — earning 75 paisa on a currency having a value of Rs150 for example...

  • Dealers charging premium for new motorbike

    KARACHI: Some dealers are charging “premium or on money” on spot sale of newly launched locally assembled Japanese bike as buyers cannot buy it at company’s fixed price...

    The new Yamaha 125cc was introduced in the last week of April, but some authorised dealers at Akbar Road, Karachi’s main motorbike market, after running out of stocks were insisting buyers to book the bike which would be delivered either after 12 days or in the...

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