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In 2016, Renault announced to start assembling cars in Pakistan by 2018 in collaboration with Ghandhara Nissan, [8] [9] and collaborated with new partner Al-Futtaim Group of United Arab Emirates (UAE) but shelved the project later on.
Hinopak was formed in 1985 by Hino Motors, Toyota Tsusho, Al-Futtaim Group and Pakistan Automobile Corporation. [4] In 1988, it was listed on the Karachi Stock Exchange. [5] In 1998, Hino Motors, and Toyota Tsusho Corporation obtained majority shareholding in the company after disinvestments by the other two founding investors. [6]
In March 2000, the company started production of the L500 series Daihatsu Mira in Pakistan which was locally sold as the Daihatsu Cuore and featured an 850-cc engine. [6] In 2008, Toyota acquired 9.83 million shares from Overseas Investors AG and general public at the price of Rs. 370 (equivalent to Rs. 1,900 or US$6.50 in 2021) per share. [7]
Ittefaq Foundries, commonly known as Ittefaq Group, was a Pakistani integrated steel producer headquartered in Lahore.It was founded in 1951 by Sharif family.At its peak, it was a manufacturer of diesel engines up to 200 hp, lathes, road rollers, agricultural equipment, and electric fans.
VPL Limited, previously known as Volvo Pakistan Limited, sells bus and truck in Pakistan. The company is a joint venture between the Panasian Group and Volvo . [ 1 ] VPL used to be the authorized assembler and manufacturer of Volvo Trucks and Volvo Buses in Pakistan, but the assembly plant shut down in the 1980s.
A person fishes with offshore oil and gas platform Esther in the distance on January 5, 2025 in Seal Beach, California. President Joe Biden has permanently banned future offshore oil and gas ...
President-elect Donald Trump isn’t letting President Biden get away with this one. The incoming president called out the octogenarian commander-in-chief for claiming he could’ve won re ...
Ghani Group of companies was founded in 1959 by Aitzaz Ghani as a trading company. It has operations in two countries Pakistan and UAE. [5] The major Ghani Group of Companies are Ghani Mines, Ghani Halal Feed Mill, Ghani Glass, Ghani Dairies, and Ghani Automobile Industries. [6] [7] In 1963, Ghani Mines (Pvt) Ltd was established.