Tag: Financial reporting

  • Car sales up by 53.7 per cent in 2022, despite repeated price hikes

    Car sales up by 53.7 per cent in 2022, despite repeated price hikes

    The latest data provided by the Pakistan Automotive Manufacturing Association (PAMA) shows that overall car sales climbed by 53.78 per cent during the first nine months of the current fiscal year 2021-22 (July-March) compared to the same period in the past financial year.

    Keeping in view the recent figures, 172,612 vehicles were delivered in the time period under consideration, compared to 112,244 cars in the previous year. In March 2022, the country’s car sales climbed by 33.28 per cent on a year-over-year (YoY) basis when compared to the same month in 2021.

    In March 2022, car sales soared to 22,799 units, up from 17,105 units in the same month the previous year. considering the breakdown of the numbers, around 26,830 combined units of Honda Civic and City were sold in the fiscal year 2021-22, compared to 18,816 units in 2021, indicating a 42.59 per cent increase.

    The sale of Toyota Corolla and Yaris sedans increased by 24.93 per cent in the same time, rising to 43,695 units from 34,975 units the previous year. Suzuki Swift sales, on the other hand, fell by 73.78 per cent, from 1,896 units in July-March 2020-21 to 497 units. The drop witnessed in sales of Suzuki Swift was due to the production cut of the older Swift, which was scheduled to be replaced by the fourth generation in February of this year.

    Read more: Toyota Pakistan records highest monthly sales, selling 7,132 vehicles in March 2022

    With 53,241 units sold so far in the fiscal year 2022, Pakistan’s smallest engine size vehicle, the 660cc Alto, is now the most popular. It is worth noting that the mini hatchback is also the country’s ‘cheapest’ four wheeler from the big three.

  • This girl just made Pakistan proud but here’s why you might’ve missed it

    This girl just made Pakistan proud but here’s why you might’ve missed it

    While the nation is going crazy over the viral ‘pawry’ girl, Zara Naeem, an Association of Chartered Certified Accountants (ACCA) student from Lahore scores the highest marks in the financial reporting exam conducted in December 2020.

    The ACCA is the gold standard in accountancy with recognition in over 179 countries worldwide, opening doors to well respected and fulfilling careers opportunities round the globe.

    Zara credited this success to her father, who always encouraged girls to pursue their dreams by removing artificial barriers.

    Zara’s father retired after an outstanding career in the military. He also holds a masters degree and passionate to see his child doing big things for the country.

    “My father is a true role model for me. I grew up seeing him reaching great heights in his military service that always inspired me to follow in his footsteps. Seeing his gold medal that he was awarded with his MBA made me challenge myself to live up to his legacy by dedicating myself fully to my studies,” said Zara Naeem.

    While explaining the reason for choosing ACCA for education, she said, “ACCA was a natural choice for me. Most military families move every few years, so I always knew I needed a qualification that ensures flexibility and offers global mobility. With over 527,000 students in nearly 179 countries studying and sitting the same exams, ACCA is the best option for those who wish to go places.”

    Zara has big dreams for her life. She wants to start her consultancy firm after attaining ACCA membership. She is confident that her firm will win international clients due to her globally accepted qualification and worldwide connections that ACCA membership offers.

    Despite much disruption globally as a result of the COVID-19 pandemic, ACCA was able to run almost 153,000 exams across the vast majority of its markets worldwide. For the health and safety of its students, additional measures were implemented in line with relevant governmental advice.

    The ACCA qualification rigorously tests the skills and competencies that a modern-day accountant needs with a firm grounding in ethics and professionalism. It prepares students for a rewarding career as a qualified and ethical finance professional.