Karachi, September 12, 2019: Pakistan car sales continued its downward trend and witnessed decline of 41 percent YoY during Aug 2019 which is mainly attributable to, higher auto prices post rupee devaluation, less no of working days amid Eid, overall economic slowdown. The major contributor to industry decline was HCAR, down by 67 percent YoY, followed…
Karachi, September 3, 2019: During the month of Aug’19, petroleum sales remained weak due to Eid holidays of four days along with massive increase in local petroleum product prices on account of PKR depreciation and rise in international oil prices. Meanwhile, HSD witnessed a steep decline of 17 percent YoY to 0.41 million tons (lowest…
Karachi, August 19, 2019: Pakistan auto sales have witnessed the significant decline of 29 percent YoY for July -19 which is mainly attributable to, continuous trend of hike in auto prices in the range of (9-40 percent) in last 12 months and FED implied in the budget for FY20 & increase in fuel cost. The…
Karachi, August 6, 2019: Pak-Qatar Family Takaful recently organized “Annual Sales Conference” in Bhurban, Pakistan to recognize the performance excellence of the Takaful Distribution Team across the regions of Pakistan. Managing Director, Pak-Qatar Takaful, Said Gul presided over the ceremony and distributed awards to the top performers. Pak-Qatar Family Takaful Limited (PQFTL), the first and largest…
Karachi, July 8, 2019: Provisional fertilizer offtake for the month of Jun’19 indicates that urea sales witnessed an increase of 8 percent YoY and 11 percent MoM to 659k tons. Cumulatively, urea sales surged by 6 percent YoY to 2.9 million tons during 1HCY19. According to Arif Habib Limited, In particular, FFC and FFBL’s cumulative…