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Haval Pakistan Announces Good News About Car Prices

  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...
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Fitch upgraded Pakistan’s ranking.

 Fitch Ratings recently upgraded Pakistan's Long-Term Foreign-Currency Issuer Default Rating (IDR) from 'CCC' to 'CCC+', reflecting improved confidence in the country's external funding prospects and fiscal management. This positive shift follows Pakistan's agreement with the International Monetary Fund (IMF) on a new 37-month Extended Fund Facility (EFF) worth $7 billion, which aims to stabilize the economy and address fiscal challenges.


The upgrade is attributed to several factors, including Pakistan's successful performance under the previous IMF arrangement, which helped narrow fiscal deficits and rebuild foreign exchange reserves. This progress has increased certainty over the continued availability of external funding, which is crucial for the country’s economic stability.


Support from international creditors, including China, Saudi Arabia, and the UAE, has also played a significant role. These nations have provided substantial financial backing, aiding Pakistan in managing its foreign debt obligations. The country is also implementing key economic reforms, such as widening the tax net and reducing energy subsidies, to enhance fiscal discipline.


Despite the positive outlook, challenges remain. Fitch notes the volatile political climate and substantial external financing requirements pose risks to program implementation. However, the approval of the IMF agreement is expected to catalyze other funding sources, anchoring policies around the upcoming parliamentary elections.


This rating upgrade has had an immediate positive impact on Pakistan's financial markets, with dollar bonds showing gains. Investors are cautiously optimistic as the nation continues to navigate its economic recovery amidst these significant reforms and external financial support.

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