Dewan Farooque Motors launches EV production in Pakistan

MG News | September 10, 2024 at 10:38 AM GMT+05:00

Add Mettisglobal as a Trusted Source on Google

0:00

September 10, 2024 (MLN): In a significant development for both Pakistan's auto sector and Dewan Farooque Motors Limited (PSX: DFML), the company has officially commenced the production of electric vehicles at its assembly plant.

This follows an agreement with its associated company, Eco-Green Motors Limited (EGML).

To recap, on July 23, 2024, DFML notified that the Engineering Development Board (EDB) had conducted a physical verification of EGML’s manufacturing facilities at the company’s assembly plant.

With the approval now received, production has officially commenced.

Copyright Mettis Link News

Related News

JS Bank secures Rs4bn through TFC issue

Meezan Bank crosses Rs2bn in Apna Ghar financing

LSE SPAC-II debuts on PSX main board

Name	Price/Vol	%Chg/NChg
KSE100	179,927.05 365.01M	-1.27% -2314.73
ALLSHR	109,270.69 838.76M	-1.19% -1312.98
KSE30	53,705.71 89.34M	-1.33% -726.00
KMI30	253,531.92 109.38M	-1.32% -3382.29
KMIALLSHR	70,152.63 543.97M	-1.25% -888.68
BKTi	50,997.50 18.73M	-1.38% -715.26
OGTi	36,216.08 8.18M	-1.21% -443.50

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	62,220.00	62,310.00 61,925.00	-130.00 -0.21%
BRENT CRUDE	83.32	83.86 77.28	7.31 9.62%
RICHARDS BAY COAL MONTHLY	105.75	0.00 0.00	-1.15 -1.08%
ROTTERDAM COAL MONTHLY	119.35	119.35 119.35	2.00 1.70%
USD RBD PALM OLEIN	1,135.00	1,135.00 1,135.00	0.00 0.00%
CRUDE OIL - WTI	79.20	79.25 77.86	1.06 1.36%
SUGAR #11 WORLD	14.76	14.98 14.62	-0.12 -0.81%