Auto Parts Makers Fear They Will Go Bankrupt

Pakistan’s auto parts manufacturers have said that they are facing the worst crisis in history as small units in the industry are going bankrupt because of the domino effect of currency depreciation, spiraling inflation, rising freight costs, escalating utility tariffs, mounting bank interest, skyrocketing material cost and working capital crunch.

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Toyota Prices Increased Again- This Time By Up to Rs 3.16 Million

Indus Motor Company (IMC) has once again jacked up the prices of Toyota cars in Pakistan citing massive devaluation of the Pak Rupee against the US Dollar, imposition of CVT (Capital Value Tax) by the government and increased raw material & transportation costs as the key reasons behind the latest hike.

Toyota Prices Increased Again- This Time By Up to Rs 3.16 Million Read More