The Pakistan State Oil (PSO), a government-owned enterprise, experienced a significant drop of nearly 90% in its combined net earnings, amounting to Rs9.82 billion for the fiscal year ending on June 30, 2023.…

In the ever-changing landscape of the automobile industry, two giants, Indus Motor Company Limited (INDU) and Pak Suzuki Motor Company Limited (PSMC), have been navigating some financial challenges in the form…

Punjab Excise, Taxation and Narcotics Department have given/offered a golden opportunity on car token tax. As per the details, the department is offering a 10% discount on the payment of token tax. Meanwhile,…

In a recent development, the Government of Pakistan announced that it successfully collected a substantial amount of Rs. 75 billion from the Petrol Levy (PDL) in July 2023. This accomplishment, although in line…

In the realm of luxury automobiles, where opulence knows no bounds, Rolls Royce stands as a beacon of extravagance and elegance. The unveiling of the La Rose Noire Droptail at a private event during Monterey…

Car price hike have been the norm in country’s auto industry but in a surprising twist of fate, PDM regime observed a record increase. In the past 16 months, vehicle assemblers have raised prices significantly…

A man named Engineer Faisal has claimed to have driven a car without petrol from Sadiqabad to Lahore. While talking to a private news channel, he stated that their mission was to drive this car without fuel.…

The local auto market is going to get a new Multi-Purpose Vehicle (MPV) very soon. According to details, JW Forland, which has been assembling commercial vehicles in Pakistan so far, is all set to introduce its…

A tense situation has unfolded as eight individuals, including six schoolchildren, find themselves stranded in a cable car after two of its wires snapped in the early hours of a Tuesday morning. A team of the…

The country's auto industry is not the only sector grappling with economic uncertainties; the oil industry in Pakistan, in a surprising twist of fate, is also feeling the heat. As per the tweet of economist…