While leading automakers such as Pak Suzuki and Kia have raised vehicle prices following the implementation of new taxes under the Federal Budget 2025–26, Sazgar Engineering has taken a different approach. In an official announcement, the company stated that it will absorb the cost of the newly introduced New Energy Vehicles (NEV) Adoption Levy. As a result, Haval vehicle prices will remain unchanged. This decision comes at a time when Pak Suzuki Motor Company and Kia Lucky Motors increased their prices, citing the increased sales tax rate and additional levies introduced in the new fiscal policy. Suzuki models like the Alto, Cultus, and Swift saw noticeable price hikes, while Kia increased rates across most of its popular vehicles, including Sportage and Picanto. Sazgar, on the other hand, emphasized its commitment to customer welfare by maintaining price stability. “As a responsible and customer-focused organization, Sazgar has consistently taken proactive measures to protect t...
The Pakistani rupee’s recent downward spiral against the US dollar has raised concerns about the nation’s economic stability. As the currency continues to depreciate, the causes and consequences of this decline have come under scrutiny. The State Bank of Pakistan’s data indicates a worrying trend, and analysts believe a combination of economic mismanagement and political uncertainty have contributed to this situation. The Numbers Tell the Story According to the State Bank of Pakistan’s data, the Pakistani rupee slid by Rs1.4 against the US dollar, closing at Rs304.45 in the interbank market. However, the situation was more dire in the open market, where the dollar was trading at Rs319.5, as reported by the Exchange Companies Association of Pakistan. This discrepancy highlights the complex dynamics of currency exchange and the challenges of accurately gauging the rupee’s actual value. Economic Mismanagement and Political Uncertainty The rupee’s depreciation has been exacerba...