Kia cuts Sportage prices by up to Rs1.85mn in Pakistan
In a notification, the company said the new prices are applicable from May 1, 2025.
The price of Sportage L HEV has been reduced from Rs12,850,000 to Rs10,999,000, a temporary discount of Rs1,851,000.
Meanwhile, the Sportage L FWD now costs Rs9,999,000, down from its previous price of Rs11,825,000, reflecting a decrease of Rs1,826,000.
The base variant, Sportage L Alpha, will now be available for Rs8,499,000, as compared to its previous price of Rs9,499,000.
'This initiative reaffirms Kia's dedication to providing premium vehicles with outstanding design, performance, technology and safety — now at an even more attractive price point,' the automaker said said.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Business Recorder
2 minutes ago
- Business Recorder
Cement: July may set the tone
No start of the fiscal year has been this good for the cement industry as this July, at least in recent history. Marking either a promising turnaround to demand, or a pre-budgetary buying spree, in July-25, cement dispatches roared; up 30 percent from last year, 15 prcent compared to June and roughly 11 percent higher than the average monthly sales throughout FY25. While exports were a huge contributor of this growth, domestic dispatches reared their head too; up 18 percent. This was despite the poor weather conditions in many areas of the country that must have posed challenges to cement buying. But exports did their part perfectly. They have been performing tremendouly for cement manufacturers—in FY25, they contributed 20 percent to the sales mix when domestic offtake declined 3 percent,. This share has been climbing slowly since domestic demand slowed down, up at its current levels from 16 percent in FY24 and 10 percent before that. In July-25, exports have not shown any signs of backing down, up 84 percent from last year, and 17 percent compared to June-25, bringing its contribution to 25 percent. Against last year's average monthly exports, July's sales would stand at 40 percent higher. The real problem for cement makers—and where most of their earnings also come from—is domestic offtake that has been weakened by the reduced demand in the construction industry and less favorable macoreconomic environment. Often the first causalty in bringing fiscal stability is cutting back on PSDP spending. As a share of GDP, PSDP spending fell from 2.43 percent in FY22 to 1.92 in FY24 vs debt servicing that has been climbing. Pullback from development expenditure often results in delayed projects that have already been facing cost overruns as time and inflation catches up to project pace. In FY26, the federal government budgeted Rs1 trillion for core infrastructure projects which if utilized will boost construction demand during the year. In addition to that, tax measures to boost real estate activity will help in demand recovery more. July may set the tone as domestic sales are 18 percent higher from last year, and about 4 percent higher from the average monthly sales through FY25. With interest rates down, and inflationary pressures easing to a degree—though gas and electricity prices remain troublesome—cement demand could resurface with more competitive prices for consumers as well. Retention prices have ballooned in recent history;in just last year, cement prices in the north and south zone surged 6 percent and 21 percent respectively, and more than doubled since FY21. This has led to stable earnings for cement companies even at times when capacity utilization had slid to its record low are that domestic prices will remain steady which will bring domestic demand to solid ground; specially as global coal price outlook signal stability or even a downward drag. Copyright Business Recorder, 2025
Express Tribune
an hour ago
- Express Tribune
Rs300 lounge at station stuns passengers
Porters wait for passengers outside the Lahore Railway Station colourfully illuminated on the eve of the Independence Day. Photo: express/ Mehmood Qureshi In a surprising and welcome move, Pakistan Railways has unveiled newly renovated and 'world-class' waiting lounges at Lahore Railway Station, offering a near business-class experience on a budget of just Rs300. The revamp includes two separate lounges, including a free family lounge and a Commercially Important Person (CIP) lounge, where travellers can relax in plush seating, sip tea, access free Wi-Fi and even catch up on work using computerised workstations, all for Rs300. The upgraded CIP lounge left many first-time visitors stunned, some mistaking it for a private office or upscale hotel. "I thought I had walked into someone's personal suite," one of the passengers said. "When the staff said it is for train travellers and costs just Rs300, I was in disbelief." The space features vibrant carpets, comfortable sofas and private cabins with reclining chairs. The refreshment area serves branded snacks and beverages at affordable rates, adding to the surprise for many passengers who expected higher costs. The upgrade comes following Prime Minister Shehbaz Sharif's inauguration of the facility two days ago, marking the first major overhaul of Lahore station in more than 125 years. It also includes the installation of electric escalators and a major boost in cleanliness, ambience and overall service quality. Travellers like Adeel Zubair and Ikram, en route to Karachi, described the lounge as "unbelievable". "We thought it must cost more than Rs1,000," they said. "To find out it's just Rs300, with AC and refreshments, was honestly shocking. We kept asking, 'Are you sure it's only Rs300?'" The business-focused design has especially appealed to corporate travellers, who now have access to digital kiosks and workstations during their wait times. Railway officials said the latest developments were the first step in an ambitious nationwide overhaul. The broader plan includes the modernisation of key stations in Karachi, Multan, Rawalpindi and Faisalabad. As part of efforts to boost punctuality and enhance passenger experience, 11 trains have already been outsourced. However, they continue to operate under the ministry's supervision. Serving over 40 million passengers annually, the railways ministry now aims to elevate station infrastructure to meet global standards.
Express Tribune
3 hours ago
- Express Tribune
Prices continue to soar in open market
A relentless wave of inflation continues to batter the twin cities, with bakery and sweet shops joining the trend by hiking prices. Essential vegetables and groceries are now being sold at exorbitant prices — live chicken at Rs415/kg, chicken meat at Rs650/kg, eggs Rs280/dozen, milk Rs220/litre, and mutton Rs2,500/kg. Fruits and vegetables, including coriander, which was once free with vegetables, now cost Rs80 per bundle. Markets have become hubs of substandard produce while price control officers and assistant commissioners appear helpless in enforcing the official price list. The Punjab government's crackdown on overpriced sugar has shown immediate results as sugar is now available at the official rate of Rs173/kg in Rawalpindi markets. Rate cards featuring Chief Minister Maryam Nawaz's photo have been displayed at all shops. Following the crackdown, fines worth Rs318,000 were imposed within 24 hours. Two FIRs were registered, eight buildings sealed, and 10 people arrested. A total of 150 challans were issued, with 43 violators identified. Shopkeepers claim that the sugar is supplied to them at Rs165/kg ex-mill price, but only two sacks (100kg) per national ID card are available to tax filers. Traders demand easier access and removal of the tax-filer condition to meet market demand. The impact of rising fuel prices, transportation costs, and new heavy taxes has caused a sharp surge in prices of food, fruits, vegetables, pulses, meat, bakery items, and flour in open markets and wholesale bazaars.
