Monday, March 25, 2019
08:14 AM (GMT +5)

Go Back   CSS Forums > General > News & Articles

News & Articles Here you can share News and Articles that you consider important for the exam

Reply Share Thread: Submit Thread to Facebook Facebook     Submit Thread to Twitter Twitter     Submit Thread to Google+ Google+    
 
LinkBack Thread Tools Search this Thread
  #1  
Old Wednesday, January 09, 2019
Junior Member
 
Join Date: Jun 2014
Location: Karachi
Posts: 22
Thanks: 0
Thanked 2 Times in 2 Posts
rasalkhan is on a distinguished road
Default Appreciating JPY to bring more troubles for Pakistanís auto sector

KARACHI: Pakistanís auto sector, already facing many challenges, is about to confront another negative event in the wake of JPY appreciation against USD, as this would directly impact margins of the auto assemblers including Pak Suzuki Motor Company (PSMC), Honda Cars (HCAR) and Indus Motor Company (IMC).

Post indication of several global surveys of a potential economic slowdown mainly in Europe and China, JPY has strengthened by 2.0 percent against USD and 14 percent against PKR in the fiscal year so far, since investors sought exposure in safe haven ĎJPYí.

An analyst at BIPL Securities said higher input cost owing to adverse movement in currencies and lower ability to pass on the impact would keep the margins of the auto assemblers under pressure. Additionally, restriction on the purchase of vehicle by non Ė filers, rising borrowing costs, decelerating GDP growth rate and rising cost of vehicles would inhibit the demand for autos in 2019, CustomnewsPK reported
Reply With Quote
Reply

Tags
auto sector

Thread Tools Search this Thread
Search this Thread:

Advanced Search

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are On


Similar Threads
Thread Thread Starter Forum Replies Last Post
Dr Ishrat Hussain AaminahAbrar News & Articles 14 Sunday, August 03, 2014 05:00 PM
Overview Of The Economy free thinker Pakistan Affairs 5 Tuesday, February 11, 2014 01:24 PM
Quality of Education in Pakistan..... Mazher Discussion 8 Wednesday, March 14, 2007 01:48 PM
Politics Causes Unemployment MUKHTIAR ALI Current Affairs 0 Thursday, January 18, 2007 11:35 AM
Public Private Patnership Muhammad Akmal Economics 0 Tuesday, June 06, 2006 11:11 PM


CSS Forum on Facebook Follow CSS Forum on Twitter

Disclaimer: All messages made available as part of this discussion group (including any bulletin boards and chat rooms) and any opinions, advice, statements or other information contained in any messages posted or transmitted by any third party are the responsibility of the author of that message and not of CSSForum.com.pk (unless CSSForum.com.pk is specifically identified as the author of the message). The fact that a particular message is posted on or transmitted using this web site does not mean that CSSForum has endorsed that message in any way or verified the accuracy, completeness or usefulness of any message. We encourage visitors to the forum to report any objectionable message in site feedback. This forum is not monitored 24/7.

Sponsors: ArgusVision   vBulletin, Copyright ©2000 - 2019, Jelsoft Enterprises Ltd.