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IMC increases the prices of its cars by up to PKR 830,000

In a recent move, Toyota IMC has increased the rates of its cars by up to PKR 830,000.The common excuse given by the local carmakers after every price hike is that the rupee is getting devalued against the US Dollar, however, the question is whether the price hike is proportional to Dollar appreciation in the local market. It is worth reminding our readers that the car price increase in Pakistan is not proportional to the US Dollar appreciation.

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