Islamabad, Sep 10: The Pakistan Stock Exchange (PSX) was told on Tuesday Dewan Farooque Motors Limited (PSX: DFML) that the company has commenced the production of electric vehicles.
In a stock filing today, DFML announced that the Engineering Development Board (EDB) has approved the physical inspection of the manufacturing facilities of its affiliated firm, Eco-Green Motors Limited (EGML).
As per the toll manufacturing agreement with EGML, DFML said, production has started.
Assembling, producing, and selling automobiles in Pakistan is the company’s main business.
DFML’s shares on the market were trading at Rs. 52.44 at the time of reporting, up 2.04% or Rs. 1.05 with more than 4.5 million shares on Tuesday.
