Dewan Farooque Motors to Start Assembling Vehicles from Next Month

In a notification to the PSX, Dewan Farooque Motors Limited announced that it has been granted Brownfield status by Engineering Development Board (EDB) and is expected to commence production by end of February 2018.

In December 2017, it was reported that Ministry of Industries and Production (MOIP) has decided to accord Brownfield status to Dewan Farooq Motors Limited, Dewan Daehan Motors Limited on special intercession of Minister for Industries and Production, Ghulam Murtaza Khan Jatoi.

Dewan Farooque Motors Limited (DFML) had posted a loss after taxation of Rs. 12.36 million for the year ended June 30 2017, compared with a loss of Rs. 43 million in the same period of the previous year.

The loss decreased by 71.28% as compared to last year’s loss.

Loss per share (LPS) amounted to Rs. 0.10 from an LPS of Rs. 0.40 from previous year.

Dewan Farooque Motors Limited is a Pakistan-based automobile company. The company is engaged in the assembling, progressive manufacturing and selling of vehicles in Pakistan. Dewan Motors’ plant has a capacity of 10,000 units on a single shift basis.

Dewan Farooque Motors Limited is a Yousaf Dewan Motors (YDM) company which owns and manages a host of listed, unlisted and private companies.

YDM maintains strategic relationships with renowned international giants that include: BMW Group of Germany, Mitsubishi Corporation and Mitsubishi Motors of Japan and a Korean Chemical Company.

At the time of filing this report, DFML shares were trading at Rs. 38.20, up Rs. 1.41 and KSE-100 index was trading at 43,695 points, up 125 points from its yesterday’s closing.

    • Yes and not for the first time. 99% of their content is copy pasted and may be 1% or lesser will be their own. I wonder then what are these fake propak staff, editor, chief editor doing if all the content is copy pasted from different sites on a day to day basis. Their staff is also not genuine i guess, or they are copy pasting the designations from the source articles as well. Enough of this plagiarism in the name of journalism. This is not journalism it’s plagiarism and crime.

  • Stupid has told us about Dewan instead ov elaborating on the vehicles, specs, and their prices expected to say the least.

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