Latest news with #IndusMotorCompany
Business Recorder
02-08-2025
- Automotive
- Business Recorder
IMC welcomes Senate body's visit to facility
KARACHI: Indus Motor Company (IMC) welcomed the Senate Standing Committee on Industries and Production for a detailed visit to its state-of-the-art manufacturing facility. The committee, chaired by Senator Aon Abbas, received a comprehensive briefing on IMC's operations, localization initiatives, and strategic contributions to Pakistan's economy. The delegation included Senator Saleem Mandviwala, Senator Syed Masroor Ahsan, Senator Danesh Kumar, Senator Khalida Ateeb, and Senator Husna Bano, accompanied by Asad Islam Malhani, Additional Secretary, Ministry of Industries and Production. The visit highlighted IMC's significant efforts under the 'Make in Pakistan' initiative, particularly its progress in localization, employment generation, and investments. Toyota's longstanding partnership in Pakistan has not only fostered technological advancement but also helped reduce reliance on imports, contributing positively to the national balance of payments. During the visit to IMC's vehicle manufacturing plant, the delegation was deeply impressed by the scale, technological advancement, and operational efficiency of the facility. Copyright Business Recorder, 2025
Business Recorder
21-07-2025
- Automotive
- Business Recorder
Toyota Pakistan leads mangrove plantation drive
KARACHI: In alignment with the Toyota Environmental Challenge 2050 and its commitment to the Sustainable Development Goals (SDGs), Indus Motor Company (IMC), in collaboration with WWF-Pakistan, conducted a mangrove plantation drive along the coastal belt of Karachi at the WWF Wetlands Centre. The initiative reflects IMC's ongoing dedication to environmental preservation, echoing its long-term focus on climate action, ecosystem restoration, and community engagement. The activity featured an interactive learning session by WWF experts, emphasizing the critical role mangroves play in coastal protection, carbon sequestration, and biodiversity conservation. IMC employees volunteered in planting saplings, contributing to the restoration of Pakistan's threatened mangrove forests. 'This collaboration exemplifies Toyota's global vision of creating a sustainable society in harmony with nature,' said Ali Asghar Jamali, CEO, Indus Motor Company. 'Through our environmental efforts and collective action under the GDN umbrella, we remain committed to driving positive change for future generations.' Copyright Business Recorder, 2025
Business Recorder
09-07-2025
- Business
- Business Recorder
PSX settles roughly flat
KARACHI: The Pakistan Stock Exchange (PSX), witnessed a volatile trading session on Tuesday as the market swung sharply between gains and losses before settling almost flat. The benchmark KSE-100 Index opened on a positive note, swiftly extending its early gains to touch an intraday high of 134,200 points. However, profit-taking pressure soon emerged, dragging the index down to an intraday low of 132,696 points. By the end of the session, the market managed to recover a portion of its losses, with the KSE-100 closing at 133,403.19 points, a modest increase of 33 points or 0.02 percent from the previous close of 133,370.15 points. On Tuesday, BRIndex100 closed at 13,548.88 points, gaining 1.74 points or 0.01 percent with a total turnover of 960.36 million shares. On the other hand, BRIndex30 edged up by 71.2 points or 0.18 percent to settle at 39,813.57 points, with a total volume of 538.56 million shares. Topline Securities noted that the local bourse blew hot and cold in today's trading session, swinging between extremes before settling almost flat. After a strong streak of consecutive gains, the market paused for breath, with sector-wise profit booking taking center stage. Investors opted to lock in recent gains, leading to a mixed session that saw volatility across the board, it added. On the performance board, select heavyweight stocks played a pivotal role in limiting the market's losses. HBL Microfinance Bank (HMB), Askari Bank (AKBL), Meezan Bank Limited (MEBL), Indus Motor Company (INDU), and MCB Bank (MCB) emerged as the key gainers of the day. Together, these five counters added 222 points to the index's tally. Conversely, prominent scrips including Fauji Fertilizer Company (FFC), Systems Limited (SYS), Engro Fertilizers (EFERT), and Mari Petroleum (MARI) witnessed selling pressure and collectively shaved off 173 points, offsetting much of the positive momentum. Investor participation, however, remained solid despite the market's cautious mood. Total trading volumes in the ready market surged past the 1.20 billion mark, significantly higher than the previous day's 919.90 million shares. Turnover also remained impressive, clocking in at Rs. 42.02 billion although slightly less than yesterday's Rs 45.31 billion. TPL Properties once again led the volume charts, with an eye-catching trade of 96.71 million shares, followed by WorldCall Telecom with 64.36 million shares changing hands and Hascol Petroleum with a total 47.69 million shares traded. Market capitalization also saw an increase of Rs 20.70 billion on Tuesday, rising from Rs 16.106 trillion in the previous session to Rs 16.127 trillion on Tuesday. Notable price movements included a gain of Rs. 138.42 in Nestle Pakistan, closing at Rs. 7,224.92, and a jump of Rs. 92.36 in Indus Motor Company, settling at Rs. 2,021.18. On the flip side, PIA Holding CompanyB was the biggest decliner, shedding a hefty Rs 2,138.50 to close at Rs 19,649.09, while Unilever Pakistan Foods fell by Rs. 160.51 to Rs 23,238.64. Meanwhile, the broader market breadth remained negative, with 231 stocks declining against 217 advancing out of a total of 480 traded scrips in the ready market. The BR Automobile Assembler Index closed at 21,726.49 points, recording a net gain of 190.77 points or 0.89 percent, with a total turnover of 13.88 million shares. The BR Cement Index settled at 10,717.91 points, up by 5.26 points or 0.05 percent, with a traded volume of 48.48 million shares. The BR Commercial Banks Index ended the session at 38,368.55 points, rising by 201.14 points or 0.53 percent, with a turnover of 90.39 million shares. The BR Power Generation and Distribution Index declined by 77.23 points or 0.37 percent to close at 21,027.99 points, with a total turnover of 20.46 million shares. The BR Oil and Gas Index finished at 12,302.49 points, down by 16.30 points or 0.13 percent, with a turnover of 101.40 million shares. Meanwhile, the BR Technology & Communication Index slipped by 3.50 points or 0.11 percent to close at 3,083.15 points, with the highest sector turnover of 189.03 million shares. Market watchers pointed out that with the index having surged to record highs in recent sessions, intermittent profit-taking was a natural outcome as investors recalibrated their positions. According to Ahsan Mehanti of Arif Habib Corporation, the bull market drivers on Tuesday included stocks closing higher ahead of major earnings announcements expected next week, coupled with receding fears over US trade tariffs and a 7.22 percent year-on-year surge in textile exports for FY25. Additionally, reports of a sharp decline in Pakistan's Credit Default Swap (CDS) implied default risk, higher US import tariffs levied on competing exporters, and the relative stability of the rupee also played a catalytic role in supporting the market's resilience and contributing to yet another record-level close at the PSX. Copyright Business Recorder, 2025
Business Recorder
24-05-2025
- Automotive
- Business Recorder
IMC signs MoU with DIL
KARACHI: The Indus Motor Company (IMC) has signed a Memorandum of Understanding (MoU) with Development in Literacy (DIL), marking a significant milestone in its commitment to community development through education. This collaboration is a part of IMC's flagship Corporate Social Responsibility (CSR) initiative, 'Concern Beyond Cars,' which focuses on creating long-term impact beyond the automotive sector. Under this partnership, the IMC has adopted DIL's Malir Campus in Karachi, aiming to uplift the learning environment for over 600 students by enhancing access to quality education, modern infrastructure, and digital resources. The initiative will also work toward building a sustainable alumni network, empowering students well beyond their school years. Ali Asghar Jamali, CEO of Indus Motor Company, emphasized the transformative potential of education: 'Education is the most powerful investment we can make in the future of our nation. At IMC, we believe that every child — regardless of background — deserves access to learning opportunities that unlock their full potential. Our partnership with DIL reflects our vision of an empowered, self-sustaining Pakistan.' This initiative contributes to IMC's strategic commitment to significantly increase its education sector investment in 2025, with a focus on long-term, scalable impact. Jamali further added, 'Our efforts under 'Concern Beyond Cars' are not new. We are proud of our longstanding educational partnerships with organizations like The Citizens Foundation (through the Toyota Goth Education Programme), Deaf Reach for inclusive education, and Markhor, which develops leadership skills among youth. Each of these efforts is a step towards building a more educated and resilient society.' The Concern Beyond Cars programme reflects Toyota's global ethos of using business as a force for good — by uplifting communities, supporting education, promoting sustainability, and shaping a better tomorrow. Copyright Business Recorder, 2025
Business Recorder
22-05-2025
- Automotive
- Business Recorder
IMC celebrates Sehrish Ali's victory
LAHORE: Indus Motor Company (IMC), under its Concern Beyond Cars initiative, proudly congratulates Sehrish Ali on winning the Gold Medal in the U-15 category at the USA Junior Women's Squash Championship. IMC has been sponsoring Sehrish's training and education since her impressive showing at the WSF Australian Junior Open Squash Championship earlier in April 2025, reaffirming its commitment to youth development and sports excellence in Pakistan. Ali Asghar Jamali, CEO of IMC, stated: 'Sehrish's victory is a proud moment for Pakistan and a testament to the power of supporting young talent. IMC remains committed to empowering future champions through our Concern Beyond Cars program.' This win adds to IMC's growing legacy of backing young athletes, including Arshad Nadeem and Zainab Barkat, as part of its broader mission to inspire and uplift the nation's youth. Copyright Business Recorder, 2025
