Here Are The 5 Cars Under 5 Lacs In Pakistan That You Can Buy
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In Pakistan, the majority of the middle class and lower middle class is unable to afford any car. If we look back into the years, car prices were reasonably controlled. One could easily plan to buy a sedan. However, with the passage of years, sedans, as well as hatchbacks, have gone way too out of hand. If you want to buy a new entry-level hatchback these days, you need to have about PKR 1.5 – 2 million. So, is there a way to find cheap cars now? Are there any cars under 5 lacs in Pakistan? If these are some of your questions, we are happy to share the answers with you.
Significant rise in plastic prices affects auto parts makers
Business
March 16, 2021
KARACHI: Prices of plastic granule increased more than 50 percent during three months, jacking up cost of auto parts production and eroding margins of mainly small and medium vending companies, industry officials said.
Mashood Khan, former chairman of Pakistan Association of Automotive Parts and Accessories Manufacturers told The News that plastic granule is their major raw material, whose prices during last three months increased by more than 50 percent.
It comes with various rates, he said. A kilogram is available for Rs2,500, Rs3,000 to higher prices depending on its various categories. Due to an increase in the prices, the spare parts industry is suffering, as their orders are declining at higher rates and affordability becomes the issue.
‘Habitual car-lifter’ who practices law held in Karachi
The suspect would steal cars to cover his expenses while practicing law, cops claim
Police say the suspect was wanted in car theft cases dating as far back as 2009. PHOTO: EXPRESS
KARACHI:
A car thief, who has eight prior arrests and practices law, was caught red-handed stealing a vehicle, said Anti-Vehicle Lifting Cell officials on Tuesday.
According to the AVLC, the suspect, identified as Ayub Malik Mohana, was wanted in car theft cases dating as far back as 2009.
The police said that Mohana would use his credentials and “lawyers uniform” to bypass security checks and toll plazas.
A Long Road to a Faster Lane?
Zeenat Chaudhary on how the automotive industry will fare in these uncertain times.
Ever since Karl Benz invented the world’s first motor car in 1886 – the Benz Patent-Motorwagen – the automotive industry has come a long way. From hi-tech Hondas and Chryslers to electric Teslas and Nios, the global industry contributes roughly three percent to all GDP output. Due to the pandemic, however, worldwide car sales have taken a hit and are expected to fall from $74.9 million in 2019 to under $62 million in 2020, according to Statista.
Industry Overview
In Pakistan, the automotive industry, which contributes 2.8% to the country’s GDP (source: Invest Pakistan), has faced a cycle of booms and busts since the 2000s. In fact, the auto industry was on a downward trend before Covid-19 struck, primarily due to rising taxes (Federal Excise Duty increased from 2.5% to 7.5% and Additional Customs Duty by seven percent) and the rupee’s depreciation against th