ADM Group to invest $250m in Pakistan’s electric vehicle manufacturing

17:15
August 15, 2024

August 15, 2024 (MLN): A major milestone has emerged for Pakistan's automobile industry, as ADM Group has announced a $250 million investment for the manufacturing of electric vehicles in Pakistan.

This understanding was reached at a meeting between Minister for Industries and Production Rana Tanveer Hussain and the Chief Executive Officer of the ADM Group in Islamabad today, as reported by the Information Ministry.

The CEO of ADM Group briefed the Minister that charging network stations will be established in the first phase of the project, while manufacturing of the electric vehicles will commence in the second phase.

He informed that an electric vehicle can cover a distance of 300 kilometers on one charge.

The Minister, on the occasion, assured all possible facilitation to attract Foreign Direct Investment.

He said electric vehicles have become a reality due to the focus on green energy and are cheaper than other automobiles.

Copyright Mettis Link News

Posted on: 2024-08-15T17:01:54+05:00

FOREX

EQUITY

COMMODITIES

FOREX

PairID	Symbol	Bid	Ask	High	Low	Update
1	PKR	278.80000	278.95000	278.95000	278.80000	01:01 PM
2	EUR	1.10880	1.10910	1.10910	1.10880	08:39 PM
3	GBP	1.31340	1.31340	1.31340	1.31340	08:39 PM
4	CHF	0.84271	0.84316	0.84316	0.84271	08:49 PM
5	JPY	142.33000	142.36000	142.36000	142.33000	08:39 PM
6	CAD	1.35760	1.35810	1.35810	1.35760	08:39 PM
7	AUD	0.66680	0.66720	0.66720	0.66680	08:39 PM
8	INR	83.98760	83.98810	83.98810	83.98760	08:00 PM
9	SAR	3.75370	3.75390	3.75390	3.75370	03:24 PM
10	AED	3.67290	3.67310	3.67310	3.67290	04:10 AM
11	HKD	7.79480	7.79550	7.79550	7.79480	08:39 PM
12	CNH	7.09330	7.09530	7.09530	7.09330	08:00 PM
13	CNY	7.08760	7.09000	7.09000	7.08760	08:53 PM
14	THB	33.71900	33.76900	33.76900	33.71900	08:00 PM
15	MYR	4.32800	4.33300	4.33300	4.32800	08:00 PM
16	IDR	15,404.60000	15,512.30000	15,512.30000	15,404.60000	08:00 PM
17	SGD	1.30320	1.30420	1.30420	1.30320	08:39 PM
18	NZD	0.61710	0.61770	0.61770	0.61710	08:00 PM
19	MXN	19.96690	19.99760	19.99760	19.96690	08:39 PM
20	TRY	33.89550	33.89950	33.89950	33.89550	08:00 PM
21	SEK	10.30020	10.30610	10.30610	10.30020	08:39 PM
22	ZAR	17.83700	17.86690	17.86695	17.83703	08:39 PM
23	NOK	10.71420	10.72010	10.72010	10.71420	08:39 PM
24	DKK	6.73120	6.73220	6.73220	6.73120	08:00 PM
25	ARS	954.79500	954.94000	954.93965	954.79544	08:49 PM
26	BDT	118.01300	121.25800	121.25828	118.01343	08:00 PM
27	BHD	0.37690	0.37700	0.37700	0.37690	04:50 AM
28	BRL	5.59660	5.59960	5.59960	5.59660	08:00 PM
29	KRW	1,337.27000	1,340.27000	1,340.27000	1,337.27000	08:00 PM
30	KWD	0.30494	0.30574	0.30574	0.30494	10:25 PM
31	LKR	295.94800	302.25800	302.25788	295.94844	08:00 PM
32	OMR	0.38475	0.38525	0.38525	0.38475	01:57 AM
33	QAR	3.64400	3.64600	3.64600	3.64400	01:59 AM
34	RUB	89.09820	90.90090	90.90090	89.09820	08:49 PM
35	AFN	69.43080	71.23350	71.23349	69.43080	08:00 PM
36	AZN	1.70000	1.70000	1.70000	1.70000	05:15 AM
37	TMT	3.36000	3.66000	3.66000	3.36000	08:00 PM
38	MVR	15.25000	15.45000	15.45000	15.25000	08:00 PM
39	UZS	12,691.00000	12,754.10000	12,754.06733	12,690.97300	08:00 PM
40	PHP	55.64000	55.84000	55.84000	55.64000	08:00 PM
42	NGN	1,604.66000	1,605.66000	1,605.66000	1,604.66000	08:00 PM
43	KES	127.55000	130.25400	130.25373	127.54969	08:00 PM
44	AMD	360.71900	414.80000	414.80013	360.71928	08:00 PM
45	TWD	32.02580	32.05580	32.05580	32.02580	08:00 PM
46	XAU	2,496.81000	2,497.98000	2,497.98000	2,496.81000	08:00 PM
47	XAG	27.92920	27.93880	27.93880	27.92920	08:00 PM
48	XPT	921.56700	927.83300	927.83350	921.56650	02:00 AM
49	XPD	910.59400	918.41600	918.41590	910.59400	02:00 AM
2,120	VES	36.63880	36.65900	36.65897	36.63881	08:49 PM
2,212	UGX	3,678.40000	3,759.52000	3,759.52048	3,678.39921	08:00 PM
2,213	TZS	2,678.08000	2,768.22000	2,768.21849	2,678.08374	08:00 PM

Data is delayed by 20 minutes

EQUITY

Name	High	Current	Low	Change	% Change	Volume	Value	DateTime
KSE100	79,254.25	78,897.726	78,917.29	34.382	0.044	141,866,198.0	6,059,861,812.770	06/09/2024 05:15 PM
ALLSHR	51,007.78	50,814.838	50,796.44	71.829	0.142	742,949,957.0	12,898,233,757.950	06/09/2024 05:15 PM
KSE30	25,102.67	25,007.872	24,996.72	-18.180	-0.073	23,792,766.0	3,539,817,089.490	06/09/2024 05:15 PM
KMI30	126,152.34	125,429.401	125,336.05	-273.987	-0.218	27,665,335.0	3,485,554,831.150	06/09/2024 05:15 PM
KMIALLSHR	35,745.09	35,572.312	35,579.90	34.830	0.098	313,057,501.0	8,856,040,568.180	06/09/2024 05:15 PM
BKTi	19,338.28	19,255.822	19,173.24	45.003	0.234	3,109,642.0	486,400,717.470	06/09/2024 05:15 PM
OGTi	19,272.63	19,192.200	19,158.85	-6.514	-0.034	2,090,736.0	658,069,505.890	06/09/2024 05:15 PM

Data is delayed by 20 minutes

COMMODITIES

Name	Symbol	Last	High	Low	Change
BITCOIN FUTURES	BTC	52,980.0	57,270.0	52,820.0	-3,235.00
BRENT CRUDE	EB	71.5	73.5	70.6	-1.22
RICHARDS BAY COAL MONTHLY	EF	112.0	0.0	0.0	3.00
ROTTERDAM COAL MONTHLY	ET	115.5	115.5	115.5	1.50
USD RBD PALM OLEIN	POL	930.0	930.0	930.0	0.00
CRUDE OIL – WTI	QCL	68.2	70.1	67.2	-0.99
SUGAR #11 WORLD	SB	18.9	19.6	18.8	-0.32