Corporate Corner: JW Forland sets up in PakistanPSMC sales surged by 61% year-on-year as Ravi and Wagon R models led the way. Hilux and Corolla sales surged by 6% and 4%, respectively. Cumulatively, in 10MFY18, car sales depicted 23% growth rate to 218,301 units, where both PSMC and HCAR crossed last year’s sales. Tractor sales continued its positive trajectory and portrayed 27% year-on-year growth to 7,979 units owing to continuation of lower sales tax of 5% on tractors. Among companies, AGTL outperformed in tractors segment with growth of 35%, while Millat sales went up by 24% year-on-year.

Source: The Express Tribune May 12, 2018 03:40 UTC