Pakistan auto industry is facing many challenges right now. These include bad economic situation of the country, ever deteriorating Pakistani currency against the US dollar and the steps taken by government to keep US Dollars inside country. Overall the Pakistan’s economy is facing challenges mainly due to political instability in the country, which affected the foreign exchanges reserves of country, which are at lowest right now. To keep the US Dollars in country, govt of Pakistan pun on many restriction. These restrictions are resulting in difficulties for car manufacturers of Pakistan in opening the Letters of Credits (LCs) with the local banks to import completely knocked down (CKD) vehicles kits. Which results in disruption of supplies for car manufacturing, hence […]

Recently, Toyota Pakistan had increased its car prices which had to be applicable from 12 Jan, 2023. However, after recently Pakistan government removed all the restrictions from the value of US Dollar in the interbank as well as the open market, the price of US Dollar seen humongous jumps and ended up at around Rs. 260 PKR as compared to restricted rate of Rs. 225 PKR. After this huge increase in the price of US Dollar, again like before, Toyota was the first to announce an increase its cars prices. Interestingly, like the previous increase, this new increase will also be applicable from same date of Jan 12, 2023. So any vehicles which were booked between Jan 12, 2023 on […]