The continuous weakening of the rupee against Japanese yen and US dollar will surely decrease the gross profitability of Indus Motors this year. As the Pakistani currency is devaluing day by day, this is yet another industry that will have to face losses as a result.
I believe that the problem does not only lie in the currency devaluation, but the Pakistani taxation system is also one of the major problem makers. The prices keep on getting inflated whereas, the quality of cars remain almost the same. At least, this is what I have been experiencing for the last three to four years.
