KARACHI: The three-day international exhibition of tools and machines the Auto and Auto Parts Pakistan 2005 kicked off on Wednesday at Expo Center. Former President of Karachi Chamber of Commerce and Industry Khalid Feroz was the chief guest.
Addressing the exhibition’s inaugural session, Khalid Feroz said that the exhibition of industrial machineries, auto parts, automobiles, and metallurgy products would help enhance capabilities and improve foreign trade.
He said the introduction of advance technology and machinery in the industries was the only solution for meeting the challenges of international market.
He said that latest machineries were needed in the textile, leather, paint, printing and automobile industries to save processing time, expand production and reduce the cost of production.
Chairman and Managing Director of Pegasus Consultancy, Asim A Siddiqi in his welcome address said the exhibition introduces advancement in technology for the industries.
He said that Pakistan has recently seen an astounding growth in the auto and machine tool sector and the auto sector registered a growth of over 30 per cent revealing Pakistan’s potential for investment in 2005.
He said the Pegasus Consultancy is keen to establish Pakistan’s image as an emerging market and bring international market come closer to the doorstep of local entrepreneurs.
Pegasus organised the exhibition collaboration with its international partners the Singapore’s Chan Chao International and Hong Kong’s Conference and Exhibition Management Services.
More than 60 leading international manufactures of automobiles, automation and metallurgy products, spares and tools as well as robotics are taking part in the exhibition including 40 exhibitors representing France, Germany, India, Japan, China, Singapore, Turkey, Ukraine and USA.
Board of Investment, besides, various local and foreign trade and professional associations will support the exhibition.
[The News, November 24, 2005]