Moin Malik took the charge of TCS logistics as its CEO

TCS has announced the appointment of Moin A Malik as CEO of TCS Logistics Private Limited. Malik has an illustrious career in the logistics industry with which he has been associated for over three decades. Before joining TCS Logistics he was the CEO of Agility Pakistan, a company he led for over 20 years.

Malik’s first tenure at TCS started in 1984 and by the time he left in 1997 he had held many senior management positions. Malik is an active member of ACAAP, PIFFA, and Founder Chairman of FOAP (Fleet Operators Association of Pakistan) and is an expert in modern logistics and transportation networks. With experience in express courier, freight forwarding, 3PL Logistics, and Distribution Services, Malik, has frequently liaised with international bodies and the Government to resolve issues related to the logistics industry.

“As we expand and grow, we are reorganizing our logistics business to continue to provide the best services to our customers. As part of this process, I am pleased to welcome Moin A. Malik as the CEO of TCS Logistics Private Limited. I am confident that his extensive experience in the industry, complemented by his knowledge of TCS will help us move expediently towards achieving our objectives”, said Saira Awan, President of TCS (Pvt.) Ltd.

As the CEO of TCS Logistics Private Limited, he will be leading and transforming warehousing and distribution, fleet, overland, and d and involved in further development of new business opportunities.

Pak Suzuki halts new bookings of its bikes and also raised the prices

Pak Suzuki has directed its dealers to stop taking new orders of motorcycles from July 1, according to a notification issued by the company, as supply-chain issues hinder production.
Industry officials say the company has been unable to import completely knocked down units (CKDs) due to restrictions on the issuance of Letters of Credit (LC) by the central bank.
The issue has impacted the wider auto industry which has been unable to continue the production process.

“We don’t know when the company would be starting taking orders again,” said a Pak Suzuki motorcycle dealer. “It can be a week, two weeks, or a month.”

On the other hand, Suzuki has also released a new motorcycle rate list to its dealers – raised prices by up to Rs10,000.

The company raised the prices of GD110S, GS150, and GS150SE by Rs7,000. The new prices are Rs219,000, Rs239,000 and Rs256,000, respectively. The price of GR150 has been increased by Rs10,000. The new price is Rs349,000.
The new rates are effective from July 2. Suzuki also jacked up prices of its motorcycles in June 2022.
The increase comes after Atlas Honda and Yamaha, the other Japanese bike-makers in the country, also jacked up prices of their motorcycles with effect from this month.

Pakistan Navy successfully test-fires missile in Arabian Sea

The Pakistan Navy successfully test-fired a missile capable of hitting targets from sea to sea as well as sea to surface, according to a Navy spokesperson.

The locally developed missile was tested from “Fast Attack Craft” in northern Arabian Sea, and it successfully hit its intended on-land target, the spokesperson said.

“This test is a testimony of Pakistan’s proficiency with high-tech weaponry and Pakistan Navy’s operational capability,” he said, adding that it also “is a clear manifestation of the government’s resolve to achieve self reliance in this field”.

Vice Chief of the Naval Staff Vice Admiral, Kaleem Shaukat, observed the test-firing from PNS Moawin and expressed his satisfaction with the operational preparations of the Nave’s fleet.

The Vice Chief of the Naval Staff reaffirmed “the resolve of Pakistan Navy to ensure seaward defence and safeguard national maritime interests at all costs”.

He also acknowledged the services of engineers and researchers that played a role in the success of the missile system, the Navy spokesperson added.

Pakistan’s auto sector showcase their product in Automechanika Istanbul

Ten leading auto-parts manufacturers and exporters from Pakistan showcased their products in “Automechanika Istanbul,” the world’s 3rd largest automotive fair, being held from 4-7 April in Istanbul. With the support of Trade Development Authority of Pakistan (TDAP) and coordination of the Consulate General of Pakistan in Istanbul, the Pakistani companies showcased their products at a custom-made Pakistan Country Pavilion with the theme of “Emerging Pakistan.” Participating Pakistani companies represented specialized auto-parts, tyres, tractor’s parts and equipment and related auto-accessories. Automechanika Istanbul 2019 brings together over 1300 exhibitors from 40 countries with the professionals of the industry. This Exhibition attracts trade visitors from Turkey, Eastern Europe, Central Asia, Middle East and North Africa. Turkey is a growing market for auto-industry and it imported over US$ 25 billion worth of products related to this sector last year. Pakistan has been exporting Bicycle and Motorbike Tyres, Tractor Parts and miscellaneous motor vehicle parts to Turkey. Owing to robust demand and rising incomes, auto sector is one of the growing industries in Pakistan. With such exhibitions, Pakistani exports to Turkey may cross US$ 5 million during 2019. It is hoped that participating Pakistani companies will succeed in getting orders for their products from Turkey and beyond, also promoting Pakistan’s share in the regional and global auto-parts trade.