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Demand for e-vehicles, increase in textile machinery imports

by Web Desk
November 27, 2024
in Business
Demand for e-vehicles, increase in textile machinery imports
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Islamabad: So far this fiscal year, vehicle sales have recorded an increase, during which the demand for electric vehicles has been seen to increase continuously.

According to the Bureau of Statistics, the sale of buses and trucks increased by 82 percent, jeeps, pickups by 60 percent, and rickshaws and motorcycles by 23.4 percent.

The decrease in interest rates is one of the reasons for this increase, and further reduction in interest rates and new models are likely to increase auto sales.

According to State Bank data, $147.78 million was spent on textile machinery imports in the first four months, which is 23.12 percent more than the $120.028 million spent in the same period of the previous fiscal year.

According to the data, the average price of cement per sack in the week ending November 21 was Rs1,449, which is Rs0.75 less than the previous week.

The price of a bag of cement in Islamabad was recorded at Rs. 1,432, in Gujranwala at Rs. 1,450, in Lahore at Rs. 1,493, in Faisalabad at Rs. 1,448, in Multan at Rs. 1,463, in Peshawar at Rs. 1,453, in Karachi at Rs. 1,340, and in Quetta at Rs. 1,456.

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