Thursday, October 29 2026

IMC flags misuse of used car import scheme
Indus Motor Company (IMC), the assembler of Toyota vehicles in Pakistan, has said the misuse of gift scheme for importing used vehicles and the absence of a clear, long-term automotive policy are hurting local manufacturing and discouraging investment, even as the company reported higher sales and profit for the first quarter (July-September) of the current fiscal year. IMC Chief Executive Officer Ali Asghar Jamali said the recovery in automotive demand was encouraging, but warned that the misuse of the scheme was undermining local production and diverting economic activity away from domestic manufacturers. He said this had negative implications for employment, localisation and government revenues.
Related news categories: auto-assembler business economic-indicators misc

Friday, October 16 2026

1QFY27: Auto sector profits seen falling 35pc QoQ
Pakistan’s listed automobile sector is expected to post combined earnings of Rs12.6 billion in 1QFY27, down 35 percent quarter-on-quarter, as vehicle sales volumes declined 16 percent sequentially amid uncertainty over the auto policy and delayed clarity on general sales tax (GST) on hybrid electric vehicles (HEVs) and plug-in hybrid electric vehicles (PHEVs), according to a research report. The research house expects earnings of the auto sector to increase 1 percent year-on-year from Rs12.5 billion in 1QFY26. Net sales are projected to rise 39 percent year-on-year but decline 10 percent quarter-on-quarter to Rs179 billion in the period.
Related news categories: auto-assembler business economic-indicators misc