Government is committed to uplift automobile sector: PM Imran Khan

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On Tuesday 27th November 2018, Prime Minister Imran Khan met various delegations of investors at his house and has shown a great commitment in uplifting the automobile sector and providing greater incentives to the investors under his government.

In his meeting with various foreign investors, Prime Minister Imran Khan promised to work for the development of automobile sector, promoting investment opportunities, improving business ease and bringing a great amount of growth in auto manufacturing sector. He has assured the delegation of investors towards availing the business opportunities currently present in Pakistan.

Meanwhile, a delegation from Suzuki headed by its Global Chairman Osamu Suzuki and accompanied by other executives Kinji Saito, Shijeo Takezawa, Masafumi Harano, Yusuke Katto and Ambassador of Japan Takashi Kurai Shafiq A.Sheikh also met the Prime Minister on this occasion. Osamu told that the company is building a second production plant in Pakistan that will produce an additional 100,000 cars per annum. He also showed a great gratitude to the staff, dealers, vendors and the support of the Government in achieving the 2 million production mark. The delegation also briefed about the existing and future investment plans of Suzuki Motor Corporation in Pakistan.

Prime Minister Imran Khan appreciated the efforts and contributions of Suzuki Motor Corporation in the automobile sector of Pakistan and assured them that the Government is committed to providing the ease of doing business in the future. Due to the increased demand in the vehicles, Pak Suzuki had earlier announced to increase the capacity of producing vehicles of its Karachi plant. On his address to the ceremony held for the celebration of 2 million vehicles at the plant site, MD and CEO of Pak Suzuki, Masafumi Harano told that the company will be producing 144,000 units this year in accordance with the demand of the market. In the next year, the company aims to produce 150,000 units that will be a splendid achievement in terms of producing vehicles. With the addition of second manufacturing plant, the total production capacity of the company will hit a remarkable 250,000 units per year.

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Abdul Razzak Dawood, the advisor to Prime Minister who was participating in the meeting as a Chief Guest, appreciated the company’s achievement of producing 2 million vehicles in Pakistan. He marked it as a historical achievement by the company and believes that it is the right time to take the automobile industry of Pakistan to a whole new level of advancement and technology. He also assured full support of the government in the expansion of the company’s production plant. The government is willing to provide all the benefits and incentives to the company in setting up its new plant with a hefty investment of $460 million. Suzuki being the pioneer in the automobile industry of Pakistan, is fully committed to bringing further development and contributing to advancement in the auto sector.

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