fall

Car sales fall on back of price hikes, curbs on non-filers

Car sales fall on back of price hikes, curbs on non-filers

KARACHI: Locally produced vehicle sales, especially cars of small engines, fell in November 2018 as multiple price hikes and restriction on non-filers of tax returns discouraged many buyers.Sales of the low-end vehicle segment, 1,000cc and below, dropped heavily on the back of a deteriorating macroeconomic situation in the country and challenges faced by the auto sector.Sales […]

Opposition in a hurry to see fall of my govt: PM Imran

Opposition in a hurry to see fall of my govt: PM Imran

Prime Minister Imran Khan said on Wednesday that the opposition parties are in a hurry to see an end to his government in order to protect their corruption.Those making noise know that they will soon end up in jails, said the Pakistan Tehreek-e-Insaf (PTI) chairman while addressing the Pakistani diaspora in Kuala Lumpur, Express News reported. Prime […]

Oil prices fall as U.S. grants Iran sanction waivers to major importers

Oil prices fall as U.S. grants Iran sanction waivers to major importers

SINGAPORE (Reuters) – Oil prices fell on Monday as the start to U.S. sanctions against Iran’s fuel exports was softened by waivers that will allow major buyers to still import Iranian crude, at least temporarily.Front-month Brent crude futures LCOc1 were at $72.40 per barrel at 0332 GMT on Monday, down 43 cents, or 0.6 percent […]

Rupee’s free fall forces Indus Motor to stop taking orders

Rupee’s free fall forces Indus Motor to stop taking orders

KARACHI: Indus Motor Company, which assembles and manufactures Toyota cars in Pakistan, has stopped taking orders because of this week’s sharp depreciation of the rupee against the US dollar, which makes import of auto parts expensive and increases the cost of production.According to the company, the depreciating rupee has resulted in an increase in its cost […]

Auto industry likely to raise prices again due to rupee fall

Auto industry likely to raise prices again due to rupee fall

KARACHI: The free fall of the rupee this year against the dollar will be affecting many industries and the auto industry will be one of the worst affected as it is bracing for weak demand. Auto industry becomes attractive again All major auto manufacturers have increased car prices three to four times since December 2017 and […]

China Telcom books 10pc profit fall, says 4G subscribers doubled

China Telcom books 10pc profit fall, says 4G subscribers doubled

China Telcom books 10pc profit fall, says 4G subscribers doubled  Agency Chinese state-owned telecommunications network operator China Telecom Corp Ltd on Tuesday reported net profit that fell 10.2 per cent last year due to a higher base of comparison, and said subscribers to its 4G mobile network doubled. Profit fell to 18 billion yuan ($2.61 […]