LAHORE: Gloom in the auto industry was visible at the Pakistan Auto Show 2020 in Lahore on Friday, as a few leading automakers and auto parts manufacturers opted out, while numerous Chinese participants were forced out due Coronavirus in China.
Almas Hyder, chairman of the Engineering Development Board (EDB), along with FPPCI former president Anjum Nisar and current President Irfan Iqbal Sheikh inaugurated the show, it added.
The event features only 100 exhibitors, comprising local and international auto manufacturers and related enterprises. The event is organised by PAAPAM, which represents over 3,000 large, medium and small industries in Pakistan. This year’s show is themed “MAKE IN PAKISTAN”.
Conspicuous by their absence were Indus Motors (Toyota) and Lucky KIA Motors, the statement said. The exhibition highlights the tremendous growth and enormous potential of Pakistan’s automobile industry.
Chinese power company had intended to acquire up to 18.336 billion ordinary shares of K-Electric, representing 66.4...
MARI also successfully drilled and tested another appraisal well in the Mari Ghazij formation located in Mari D&PL
Gold rates decreased by $30 to $2,381 per ounce in the international market
Growing number of Americans have seen their savings dwindle as rising prices squeeze budgets while interest rates stay...
IMF will closely watch the privatization of PIA by the end of June
PSX lays down the groundwork to encourage listed companies to adopt ESG reporting in line with global standards