DEEN Motors

DEEN Motors Buy & sell used Cars

20082700 CC petrol Mechanical 💯 Isb registration Full option sunroofLeft side Spray80 demanding
16/08/2025

2008
2700 CC petrol
Mechanical 💯
Isb registration
Full option sunroof
Left side Spray
80 demanding

27/01/2023
20/01/2023
21/12/2022

انڈس موٹر پاکستان نے 20 دسمبر 2022 سے 30 دسمبر 2022 تک اپنی پیداوار مکمل طور پر بند کرنے کا اعلان کیا ہے۔

مزید پڑھیں: http://ow.ly/w99650M92xZ

21/12/2022
10/11/2022

Some car manufacturers/assemblers are planning to leave Pakistan. The decision has been made after considering the immense difficulties the automotive industry is experiencing.

Due to economic uncertainties and political conditions, the automotive industry is facing various challenges in terms of revenue and growth. In a management briefing, Indus motors stated that the automotive industry is facing unexpected external issues. The issues include the unprecedented rupee devaluation and import restrictions by SBP. Additionally, he said, some players may exit from the market, reported by Topline Securities.

In a Corporate Briefing Session, Indus motors review the first quarter's financial results and company forecast for the current fiscal year. Due to the limits imposed by SBP, INDU is now operating at 40-50% of its maximum capacity. Whereas, the management does not expect this to change very soon.

Read more: https://www.techjuice.pk/car-manufacturers-assemblers-may-exit-pakistan/

15/09/2022

In a good news for people, the petrol price in Pakistan is expected to come down by Rs. 9.62.
When will it happen? Check out here: https://bit.ly/3DtndFd

11/09/2022

The majority of fuel stations nationwide have reportedly stopped accepting credit/debit card payment methods. Commercial banks charge a merchant discount rate (MDR) of 1.5 percent. The only payment method consumers are left with is cash payment for petrol and diesel purchase.

A top official of oil marketing companies (OMCs) told The News, “Banks are getting Rs3.45 in the shape of MDR from our margin of Rs3.68 on one liter of petrol and diesel when a consumer purchases them through credit or debit cards and this is how the margin gets squeezed to just Rs0.23 per liter making the financial health of OMCs more vulnerable”

The annual sale numbers of motor gasoline and diesel show that the country has used up 20 billion liters. Out of which 400 million liters were sold through credit and debit cards, and if the average price of petrol and diesel was assumed to be Rs. 230 per liter, the value of bank card sales came to Rs. 92 billion per year.

Moreover, banks charge 1.5 percent MDR on one liter and earn Rs. 1.38 billion in MDR, not from consumers but from OMC margins. The OMCs’ annual profit margin on bank card sales is Rs. 1.472 billion, of which Rs. 1.38 billion goes to banks, leaving a net margin of Rs. 92 million. This is why OMCs cannot continue to sell fuel via credit or debit cards.

“The oil industry realizes the importance of enhancing the digital payment infrastructure of the country. However, the current level of MDR being charged on fuel transactions is not sustainable for the industry”

Additionally, on 22 August 2022, the oil companies’ advisory council (OCAC) wrote a letter to the State Bank of Pakistan (SBP) on behalf of the OMCs to raise the issue of banks charging higher MDR.

In the letter, the OCAC built a case for the OMCs and sought a review of the MDR rate of 1.5 percent on fuel purchases made with credit or debit cards, contending that while the MDR varies across the industry, banks charge an average of 1.5 percent at petrol pumps across the country, and the cost is borne by the OMCs and their dealers (petrol pump owners and operators).

Furthermore, keeping in view the high turnover of fuel and in order to facilitate customers while not burdening OMCs and dealers, the OCAC’s recommendation to the SBP governor that MDR on fuel purchased must be capped at 0.3 percent.

08/09/2022

اَسْتَغْفِرُاللّٰه

07/09/2022

𝐒𝐮𝐳𝐮𝐤𝐢 𝐀𝐥𝐭𝐨
New Prices

𝐒𝐮𝐳𝐮𝐤𝐢 𝐂𝐚𝐧𝐚𝐥 𝐋𝐚𝐡𝐨𝐫𝐞 𝐌𝐨𝐭𝐨𝐫𝐬
Near EME Society, Lahore

🚦🚥🚦🚥
17/05/2022

🚦🚥🚦🚥

Address

Sargodha Road Opposite PAF Base
Mianwali

Opening Hours

Monday 09:00 - 21:00
Tuesday 09:00 - 21:00
Wednesday 09:00 - 21:00
Thursday 09:00 - 21:00
Saturday 09:00 - 21:00
Sunday 09:00 - 21:00

Telephone

+923017977177

Website

Alerts

Be the first to know and let us send you an email when DEEN Motors posts news and promotions. Your email address will not be used for any other purpose, and you can unsubscribe at any time.

Share

Category