
Honda Atlas Cars launches Pakistan's first Honda HR-V e: HEV
The Honda HR-V e:HEV launched in the Pakistani market with the message of 'a new era of e:HEV. The momentous occasion began with the symbolic First Car Line-Off ceremony, representing the start of localized production of Honda's most advanced hybrid SUV in Pakistan. The exclusive launch ceremony was attended by esteemed guests of honor from Honda Motors Co. Japan and Asian Honda Co. Ltd., with other executive members from the Atlas Group Pakistan.
The highlight of the event was the presence of Toshio Kuwahara, Vice President, Head of Regional Unit (Asia & Oceania), Regional Operations (Associated Regions) of Honda Motor Co., Ltd. who addressed the audience and emphasized Honda's global commitment to environmental performance, innovation, and responsibility for the future. He stated that hybrid technology plays a crucial role in moving toward a more sustainable mobility industry, and introducing this latest technology to the Pakistani market reaffirms Honda's strong and ongoing commitment to the country.
Aamir H. Shirazi, Chairman of Honda Atlas Cars (Pakistan) Limited, expressed immense pride in leading the introduction of next-generation hybrid technology in Pakistan. He reaffirmed HACPL's vision to contribute to the country's transition toward clean, efficient, and intelligent mobility — built on global standards and supported by local production.
Copyright Business Recorder, 2025
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


Business Recorder
4 hours ago
- Business Recorder
Businessmen voice concerns over trade challenges at Iran, Afghanistan borders
ISLAMABAD: The representatives of Quetta Chamber of Commerce informed the Senate Standing Committee on Finance at length about the major challenges being faced by local businessmen in carrying out trade activities through the Pakistan-Iran and the Pakistan-Afghanistan border areas, a statement said. The businessmen also highlighted that despite importing hundreds of items from Iran, Pakistan exports only 10 items to the neighbouring country, exposing a stark imbalance in bilateral trade, the statement added. As per the details, Quetta chamber president Muhammad Ayub Mariani, senior vice president Haji Akhtar Kakar, vice president engineer Mir Wais Khan, and others stated that not only had they conveyed the obstacles in bilateral trade with Iran and Afghanistan to the higher authorities, but also held dialogues with Afghan and Iranian officials in that regard. Govt bars pilgrims from traveling to Iran, Iraq by road this Arbaeen The participants were informed that due to the requirement of the Electronic Import Form (EIF) form, bilateral trade had come to a halt, and Pakistani cargo trucks were being held in Iran unnecessarily for 15 to 20 days. Complaints were also made about the increase in attestation and visa fees. They also discussed the Joint Economic Forum and Joint Border Trade Committee with Iran, lamenting that the recommendations of the Economic Forum and Joint Border Committee had not been implemented by either country. The businessmen demanded the inclusion of officials from the federal ministries of Commerce and Finance, as well as the prime minister's representatives, in the merging of the Economic Forum and Joint Border Trade Committee, so that matters could reach a logical conclusion. They expressed reservations about the reopening and then closure of the Badini border, the reopening of Qamaruddin Karez border, inactivity of border markets, and other issues, and presented suggestions. The businessmen stated that if cold storage and LPG terminals and other issues at Chaman and Taftan borders were resolved, trade volume with neighboring countries could be significantly increased. On the occasion, committee chairman Saleem Mandviwalla said for the past six months, they had been receiving complaints in Islamabad regarding Pakistan-Iran and Pakistan-Afghanistan bilateral trade issues. Cross-border trade: FBR issues PSW (Evidence of Identity) Regulations Some issues would be resolved on the spot, while others would be conveyed to higher authorities, he added. Mandviwalla said mentioned that the Iranian Consul General had given them a list of issues, and Balochistan's business community also shared their problems. They would be presented to the Iranian president and the high-level delegation accompanying him, he added. Iran President Dr Masoud Pezeshkian is due to visit Pakistan on August 2 (Saturday) for a two-day trip.


Business Recorder
5 hours ago
- Business Recorder
KSE-100 hits all-time high as investors cheer US tariff reduction
Buying momentum was seen at the Pakistan Stock Exchange (PSX) on Friday as investors celebrated the reduction in US reciprocal tariffs on Pakistan, with the benchmark KSE-100 Index closing the session at over 141,000 for first time in history. The bulls largely remained dominated in the last session of the week, pushing the KSE-100 to an intra-day high of 141,160.93. At close, the benchmark index settled at 141,034.99, up by 1,644.56 or 1.18%. 'This positivity in market can be attributed to news that Pakistan secured 'landmark' tariff deal with US, wherein Pakistan will now face reciprocal tariffs of 19% compared to earlier rate of 29%,' brokerage house Topline Securities said in its post-market report. 'Apart from this noise in the market that government will make payment to clear circular debt in coming weeks by obtaining Rs1.25 trillion from banks, provided stimulus to the market.' Top positive contribution of 1,355 points to the index cumulatively came from OGDC, PPL, HUBC & PSO, as they stand to benefit for circular debt payment, Topline said. 'Potential US-Pakistan collaboration on oil exploration and news regarding Circular Debt payment likely in next week provided much needed impetus to energy sector stocks today,' Ali Najib, Deputy Head of Trading at Arif Habib Ltd, said in a report. In a key development, the US administration imposed a 19% reciprocal tariff on a wide range of Pakistani goods, significantly lower than the initially proposed 29%, under a sweeping new executive order signed by President Donald Trump. Late on Thursday, President Trump signed an executive order imposing tariffs ranging from 10% to 41% on US imports from dozens of countries and foreign locations. Rates were set at 25% for India's US-bound exports, 20% for Taiwan's, 19% for Thailand's and 15% for South Korea's. He also increased duties on Canadian goods to 35% from 25% for all products not covered by the US-Mexico-Canada trade agreement, but gave Mexico a 90-day reprieve from higher tariffs to negotiate a broader trade deal. On Thursday, PSX roared back to life as bullish momentum dominated the trading floor. This sharp surge came on the heels of a surprise tweet by US President Donald Trump, who announced what he described as a historic trade deal with Pakistan. The benchmark KSE-100 Index went up by a remarkable 978 points, equivalent to a 0.71% increase, to close at 139,390.42 points. Internationally, Asian shares fell on Friday after the US slapped dozens of trading partners with steep tariffs, while investors anxiously await US jobs data that could make or break the case for a Fed rate cut next month. MSCI's broadest index of Asia-Pacific shares outside Japan fell 0.7%, bringing the total loss this week to 1.8%. South Korea's KOSPI plunged 3% while Taiwanese shares fell 0.9%. Japan's Nikkei dropped 0.4%. Chinese blue chips were flat and Hong Kong's Hang Seng index eked out a small gain of 0.2%. EUROSTOXX 50 futures slipped 0.2%. Both Nasdaq futures and S&P 500 futures eased 0.2% after earnings from Amazon failed to live up to lofty expectations, sending its shares tumbling 6.6% after hours. Meanwhile, the Pakistani rupee maintained its upward trajectory against the US dollar, appreciating 0.05% during trading in the inter-bank market on Friday. At close, the currency settled at 282.72, a gain of Re0.15. Volume on the all-share index increased to 609.71 million from 577.35 million recorded in the previous close. The value of shares rose to Rs50.55 billion from Rs36.35 billion in the previous session. WorldCall Telecom was the volume leader with 55.01 million shares, followed by Pak Petroleum with 43.04 million shares, and Oil & Gas Dev with 37.04 million shares. Shares of 483 companies were traded on Friday, of which 199 registered an increase, 246 recorded a fall, while 38 remained unchanged.


Express Tribune
5 hours ago
- Express Tribune
PSX surges to new heights, breaks 140k barrier
Listen to article The Pakistan Stock Exchange (PSX) witnessed a significant surge on Friday, with the KSE-100 index closing at an all-time high of 141,035, a gain of 1,645 points, or 1.18%. The rally was led by energy sector stocks, which saw a strong buying interest in the afternoon session. The potential collaboration between the US and Pakistan in oil exploration, along with news regarding payment of circular debt, provided a much-needed boost to energy sector stocks. Blue-chip share such as OGDC, PPL, PSO and Hubco were among the top gainers, with OGDC surging 9.7%, PPL rising 7.1%, PSO gaining 6.7% and Hubco increasing 4.71%. The energy sector contributed 1,152 points to the day's rally. The overall market activity remained robust, with 610 million shares changing hands and a traded value of Rs51 billion. WorldCall Telecom led the volumes chart with over 55 million shares traded. Also Read: Rs9.7m looted in armed heist outside bank On a weekly basis, the KSE-100 index recorded its sixth consecutive weekly gain, adding 1,828 points, or 1.31%. The index opened at 139,760, touched a high of 141,161 and a low of 137,659 before settling at 141,035. The PSX's strong rebound around the 138k level indicates a positive outlook as support now stands at 140k for the KSE-100 index. However, if this level is breached, the index could drift towards 138,000, where compelling valuations and expectations of monetary easing may revive investor interest and spark fresh buying momentum. According to Ali Najib, Deputy Head of Trading at Arif Habib Ltd, 'The market's strong performance is a testament to the growing investor confidence in the Pakistani economy. We expect the KSE-100 index to continue its upward trend, driven by positive economic indicators and potential foreign investment.'