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September 29, 2022September 29, 2022

Are GAC New Cars Being Introduced In Pakistan?

September 29, 2022 / By Zunair Tahir / Automotive News

SUPERPAK Engineering (pvt.) ltd. first hinted at GAC Motor, a new SUV producer in Pakistan, last year. Chinese state-owned automaker Guangzhou Automobile Group (GAC) manufactures and markets passenger automobiles in more than 120 nations.

A year ago, Mukhtar Ahmad. Ahmad said during the conversation that the business will introduce a Completely Built-Up (CBU) facility in Pakistan in November 2021. Ahmad further said that GAC will release a compact sedan and a compact crossover SUV in Pakistan in 2022.

ALSO READ: Pakistan Suzuki Unveils the Alto VXR AGS With ABS

Last year, the business started using social media to promote the GS3 subcompact crossover SUV. However, the business has been inactive on social media as well since May 2022.

According to credible market sources, All About Cars has found that SUPERPAK’s plans are presently in limbo as a result of the continued economic climate, local currency depreciation, tax rate increases, and import limitations from the State Bank of Pakistan for the automobile sector (SBP).

We made an attempt to get in touch with Ahmad to ask him about this news and are currently waiting for a response.

Launch Delays

Additionally, we just learnt that the introduction of the HR-V and Every Wagon, respectively, are being delayed by Honda Atlas Cars Limited (HACL) and Pak Suzuki Motor Company (PSMC). Both businesses made suggestions that their new products might debut at the Pakistan Auto Show (PAS) in 2022.

All automakers have postponed the introduction of new vehicles as a result of these issues. The insider also said that until the current upheaval ends, which might not be until Q2, 2023, auto-sector activity will stay subdued.

ALSO READ: Rupee Strengthens More Against The Dollar Following Ishaq Dar’s Warning

The following issues have developed since then:

Within the past two months, the US Dollar (USD) rate has twice achieved an all-time high.
Automobile manufacturers have reduced output as a result of the State Bank of Pakistan (SBP) banning imports.
The government has announced increases in tax rates for certain automobile classes.
Up to 20 percent has been added to car costs.
Vehicle sales have drastically decreased.

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GPCCI Calls For Lifting The Import Prohibition On Automobiles

August 10, 2022 / By Zunair Tahir / Business News

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For a fresh GSP+ application, Pakistan needs German political and diplomatic backing

The German Pakistan Chamber of Commerce and Industry (GPCCI) has urged the Pakistani government to immediately reverse the import restriction on automobiles after warning that it might negatively affect impending GSP+ discussions with the European Union (EU).

Syed Nadeem Ali Kazmi, president of the German Pakistan Chamber of Commerce and Industry, wrote a letter to finance minister Miftah Ismail warning that the impending GSP+ negotiations with the EU may suffer as a result of the ban on imports of vehicles (CBU) from Germany.

German cars in CBU form are included in the list of imports that are prohibited by the coalition government.

READ MORE: UAE To Spend $1 Billion In PSX, Claims Miftah Ismail

“We would like to draw your kind attention to the existential crisis that the top three German automakers in Pakistan, Audi, BMW, and Mercedes-Benz, are currently experiencing. This is because imports are now prohibited, he added.

Since 1951, Pakistan and Germany have had cordial and varied relations. 70 years have passed since diplomatic ties were first established, which was last year.

Audi, BMW, Mercedes-Benz, Siemens, BASF, Bayer, DHL, Metro Cash and Carry, KSB Pumps, and SAP are a few of the well-known German firms have offices in Pakistan.

Audi, BMW, Mercedes-Benz, Siemens, BASF, Bayer, DHL, Metro Cash and Carry, KSB Pumps, and SAP are just a few of the popular German corporations have offices in Pakistan.

One of the few nations with whom Pakistan enjoys a positive trade balance is Germany. In 2021, Pakistan exported $1.568 billion to Germany while importing $1.016 billion from that country.

“Since the EU’s present GSP+ program ends in 2023, Pakistan must reapply for the new GSP+ programme, which includes additional restrictions. In the past, Germany has been a fervent supporter of Pakistan and has argued for Pakistan’s application for GSP+ status inside the EU, according to him.

GPCCI efforts will make sure that both imports and exports of goods between Pakistan and Germany prosper. The trade surplus of exports from Pakistan to Germany (totaling $l.568 billion in 2021) has been boosted by the ongoing efforts of GPCCI.

Pakistan purchased fewer than 100 million euros’ worth of automobiles from Germany in 2022, while the total cost of imports for the fiscal year was $56.380 billion.

German partners seek to collaborate in a setting with consistent economic policies and a sustainable governance framework since Germany is a highly developed economy. According to him, this is the only way Pakistan can use its attractive geographic location for its German commercial partners.

The GPCCI demanded that the import restrictions placed on the automobile industry be immediately lifted. Due to the import ban, which is causing an ongoing crisis, these actions are forcing German automotive companies to leave the Pakistani market, which will have far-reaching negative effects such as rendering over 30,000 cars (Audi, BMW, and Mercedes-Benz) unserviceable and ending all German innovative technology transfer in terms of knowledge and skill sets required for the maintenance of these vehicles.

The GPCCI President asked the finance minister to take action right now to end the restriction. It is anticipated that the administrative procedures to put the formal orders into effect would take a few days.

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Prince Price List In Pakistan

2024 Prince Price List In Pakistan

2024 Prince Pearl Price In Pakistan

CAR VARIANT	ENGINE	PRICE
Prince Pearl MT	0.8L	PKR 1,990,000 EST

CALL FOR ON ROAD PRICE

DETAIL SPECIFICATIONS

Prince Pearl MT	800 cc/Manual/Petrol
Color Options	Aqua Green/Beige/Dark Brown /Harvard Blue/Noble White/Rio Tomato /Silver

2024 Prince K07 Price In Pakistan

CAR VARIANT	ENGINE	PRICE
Prince K07 S	1.0L	PKR 2,669,000 EST

CALL FOR ON ROAD PRICE

DETAIL SPECIFICATIONS

Prince K07 S	1000 cc/Manual/Petrol
Color Options	White/Silver

2024 Prince K01 Price In Pakistan

CAR VARIANT	ENGINE	PRICE
Prince K01	1.0 L	PKR 1,209,000 EST

DETAIL SPECIFICATIONS

Prince K01

997 cc /Manual/ Petrol

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From July 2022, More Price Increases Are Anticipated For Automobiles

July 5, 2022 / By Zunair Tahir / Automotive News

The price of everything is probably going to go up in the automotive industry.

The influence of Pakistan’s economy’s unprecedented period is being felt by the business community as a whole. The cost structure of import-dependent industries has significantly increased as a result of the massive devaluation of the Pakistani rupee against the US dollar over the past two months.

The automotive sector imports its CKD kits, so the devaluation has had a particularly negative impact on the sector. Due of this, major automakers are now thinking about raising prices.

Automobiles

Are GAC New Cars Being Introduced In Pakistan?

Are GAC New Cars Being Introduced In Pakistan?

ALSO READ: Pakistan Suzuki Unveils the Alto VXR AGS With ABS

Launch Delays

ALSO READ: Rupee Strengthens More Against The Dollar Following Ishaq Dar’s Warning

READ MORE NEWS…

GPCCI Calls For Lifting The Import Prohibition On Automobiles

GPCCI Calls For Lifting The Import Prohibition On Automobiles

For a fresh GSP+ application, Pakistan needs German political and diplomatic backing

READ MORE: UAE To Spend $1 Billion In PSX, Claims Miftah Ismail

READ MORE NEWS…

Prince Price List In Pakistan

2024 Prince Price List In Pakistan

2024 Prince Pearl Price In Pakistan

DETAIL SPECIFICATIONS

2024 Prince K07 Price In Pakistan

DETAIL SPECIFICATIONS

2024 Prince K01 Price In Pakistan

DETAIL SPECIFICATIONS

READ MORE NEWS…

From July 2022, More Price Increases Are Anticipated For Automobiles

From July 2022, More Price Increases Are Anticipated For Automobiles

READ MORE: 2022 CAR PRICES IN PAKISTAN

READ MORE NEWS…

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