Indus Motors plans to invest $100mn for HEV production

10:37
September 8, 2021
MG

September 8, 2021 (MLN): Indus Motor Company Limited (INDU) has planned to invest an estimated aggregate amount of US $100 million, over the period of the next 3 years, for the local production of Hybrid Electric Vehicle (HEV) in Pakistan.

The aforesaid decision of the company was based on the incentives provided against certain taxes and duties as announced by the Government of Pakistan through the Finance Act, 2021 and subsequent SROs, as per the notice issued to Exchange.

The announced investment shall be made towards plant up-gradation and extension, localization of parts or components and production preparation or assembling of the first Hybrid Electric Vehicle, by the Company at its plant in Port Qasim Authority, Karachi.

Copyright Mettis Link News

Posted on: 2021-09-08T15:37:00+05:00

43232

FOREX

EQUITY

COMMODITIES

FOREX

PairID	Symbol	Bid	Ask	High	Low	Update
1	PKR	278.14000	278.44000	278.44000	278.14000	11:43 AM
2	EUR	1.06400	1.06404	1.06404	1.06400	02:44 AM
3	GBP	1.24246	1.24252	1.24252	1.24246	02:44 AM
4	CHF	0.90926	0.90939	0.90939	0.90926	02:44 AM
5	JPY	154.43100	154.43700	154.43700	154.43100	02:44 AM
6	CAD	1.37776	1.37784	1.37784	1.37776	02:44 AM
7	AUD	0.64103	0.64109	0.64108	0.64105	02:44 AM
8	INR	83.51910	83.52160	83.52160	83.51910	02:44 AM
9	SAR	3.75110	3.75130	3.75130	3.75110	11:44 AM
10	AED	3.67260	3.67290	3.67290	3.67260	11:44 AM
11	HKD	7.83121	7.83146	7.83146	7.83121	02:44 AM
12	CNH	7.25039	7.25054	7.25054	7.25039	02:44 AM
13	CNY	7.23820	7.23920	7.23920	7.23820	11:17 PM
14	THB	36.86600	36.89200	36.89200	36.86600	02:44 AM
15	MYR	4.78000	4.78500	4.78500	4.78000	02:27 AM
16	IDR	16,266.40000	16,274.80000	16,274.80000	16,266.40000	02:44 AM
17	SGD	1.36259	1.36270	1.36270	1.36259	02:44 AM
18	NZD	0.58846	0.58853	0.58853	0.58846	02:44 AM
19	MXN	17.25320	17.25820	17.25823	17.25323	02:44 AM
20	TRY	32.59780	32.60240	32.60237	32.59782	02:44 AM
21	SEK	10.96940	10.97400	10.97401	10.96937	02:44 AM
22	ZAR	19.18700	19.19200	19.19200	19.18700	02:44 AM
23	NOK	11.04820	11.05090	11.05092	11.04824	02:44 AM
24	DKK	7.01184	7.01244	7.01244	7.01184	02:44 AM
25	ARS	872.18800	872.33800	872.33800	872.18761	02:43 AM
26	BDT	108.44500	111.82900	111.82862	108.44472	09:00 PM
27	BHD	0.37701	0.37705	0.37705	0.37701	11:44 AM
28	BRL	5.24180	5.24480	5.24480	5.24180	02:39 AM
29	KRW	1,380.51000	1,381.00000	1,381.00000	1,380.51000	02:44 AM
30	KWD	0.30809	0.30860	0.30860	0.30809	11:44 AM
31	LKR	299.02400	305.60400	305.60412	299.02431	09:00 PM
32	OMR	0.38498	0.38503	0.38503	0.38498	11:44 AM
33	QAR	3.64600	3.64900	3.64900	3.64600	11:44 AM
34	RUB	93.70000	94.60000	94.60000	93.70000	08:00 PM
35	AFN	71.30700	73.18700	73.18701	71.30705	09:00 PM
36	AZN	1.70000	1.70000	1.70000	1.70000	06:42 AM
37	TMT	3.35000	3.65000	3.65000	3.35000	08:00 PM
38	MVR	15.26000	15.66000	15.66000	15.26000	08:00 PM
39	UZS	12,706.60000	12,772.40000	12,772.35727	12,706.55913	09:00 PM
40	PHP	57.54100	57.56300	57.56300	57.54100	02:44 AM
42	NGN	1,150.58000	1,151.58000	1,151.58000	1,150.58000	09:00 PM
43	KES	132.00000	134.00000	134.00000	132.00000	02:36 AM
44	AMD	368.65800	425.05600	425.05593	368.65753	09:00 PM
45	TWD	32.50300	32.53300	32.53300	32.50300	02:44 AM
46	XAU	2,382.11000	2,382.36000	2,382.36000	2,382.11000	02:43 AM
47	XAG	28.34660	28.35570	28.35570	28.34660	02:43 AM
48	XPT	940.60000	942.05000	942.05000	940.60000	11:44 AM
49	XPD	1,016.74000	1,024.56000	1,024.55810	1,016.73760	11:44 AM
2,120	VES	36.25120	36.34220	36.34216	36.25125	08:00 PM
2,212	UGX	3,780.61000	3,865.21000	3,865.20656	3,780.60817	09:00 PM
2,213	TZS	2,582.99000	2,583.01000	2,583.01500	2,582.98500	02:14 AM

Data is delayed by 20 minutes

EQUITY

Name	High	Current	Low	Change	% Change	Volume	Value	Direction	DateTime
KSE100	70,731.69	70,541.227	70,186.93	251.107	0.357	96,995,106.0	5,385,425,818.610	1	19/04/2024 11:59 AM
ALLSHR	46,395.71	46,283.274	46,105.96	75.420	0.163	204,509,156.0	9,932,169,105.590	1	19/04/2024 11:59 AM
KSE30	23,299.61	23,230.365	23,058.97	136.555	0.591	41,349,324.0	4,327,387,741.470	1	19/04/2024 11:59 AM
KMI30	118,500.38	117,965.264	117,247.45	610.665	0.520	50,347,685.0	3,838,053,835.320	1	19/04/2024 11:59 AM
KMIALLSHR	32,903.45	32,802.804	32,695.54	78.938	0.241	125,662,246.0	8,171,588,993.580	1	19/04/2024 11:59 AM
BKTi	17,813.54	17,703.973	17,489.40	121.924	0.694	8,324,960.0	892,374,179.540	1	19/04/2024 11:59 AM
OGTi	16,598.63	16,549.403	16,435.08	89.463	0.544	5,393,054.0	760,003,404.520	1	19/04/2024 11:59 AM

Data is delayed by 20 minutes

COMMODITIES

Name	Symbol	Last	High	Low	Change
BITCOIN FUTURES	BTC	62,865.0	63,840.0	59,635.0	-795.00
BRENT CRUDE	EB	88.2	90.8	86.9	1.07
RICHARDS BAY COAL MONTHLY	EF	105.5	0.0	0.0	-5.20
ROTTERDAM COAL MONTHLY	ET	120.0	0.0	0.0	-0.35
USD RBD PALM OLEIN	POL	832.5	832.5	832.5	0.00
CRUDE OIL – WTI	QCL	83.2	85.6	81.9	1.05
SUGAR #11 WORLD	SB	19.6	19.7	19.2	0.29

To see more commodities please register for our portal

Top 5 things to watch in this week

Charts

KSE100 (Last)

KSE100 (Volume)

KSE100 (Last)

KSE100 (Volume)

Trending :

Indus Motors plans to invest $100mn for HEV production

Top 5 things to watch in this week

Charts

Stay Connected

Read Next

SBP reserves rise $14.4m despite $1bn Eurobond repayment

Pakistan strikes $200m deal with China for solar power conversion

SBP raises Rs353bn through PIB-PFL auction

Fitch updates bank jurisdiction operating environment scores