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 International Monetary Fund (IMF) has finished reviewing Pakistan’s economic reform program and approved the release of $700 million. This brings the total disbursed under the $3 billion Stand-By Arrangement (SBA) to $1.9 billion.
The funding is expected to stabilize the Pakistani rupee and help in managing external debt. The program, set to conclude in April, aims to support Pakistan’s economic stabilization.
Despite high inflation, Pakistan is likely to enter a new agreement with the IMF for continued support, highlighting the country’s historical reliance on IMF assistance with 24 arrangements since 1950.
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