Tag: Auto industry

the auto industry suffered a massive setback in 2022 23 due to import restrictions skyrocketing inflation and other macroeconomic challenges photo file

” Govt urged to protect auto industry ” | Current Pulse | Business

BUSINESSUpdated:March 26, 2024ShareTwitter FacebookEmailLink

" KARACHI: Secretary General of the Pakistan Automotive Manufacturers Association (PAMA), Abdul Waheed Khan has urged the government to support the local auto industry amid rising concerns over a significant increase in used car imports, which are negatively impacting the struggling automobile sector. According to import data, the influx of used vehicles has soared to…

experts highlight that this increase in sales tax enforced by the government and the fbr prompted auto companies to lower prices sacrifice profit margins and devise customer friendly strategies photo file

” Auto industry forced to slash prices ” | Current Pulse | Business

BUSINESSUpdated:March 20, 2024ShareTwitter FacebookEmailLink

" KARACHI: Auto experts state that a combination of factors, including weakened purchasing power, heavy taxation, rampant inflation, and currency devaluation, has compelled auto companies to slash prices. This move, while reducing profit margins, benefits customers and lends support to the struggling industry. Expressing frustration with poor economic policies, market analysts told The Express Tribune…