The auto industry was the focus of discussion during Public Accounts Committee (PAC) last week. During the meeting, the PAC was informed that Rs. 189 billion have been deposited by customers as advance payment to 10 car companies.
Here is the breakdown of this huge payment:
Toyota Indus Motors (IMC) β Rs99.2 billion
Pak Suzuki Motors Company Ltd (PMSCL) β Rs. 35.4 billion
Honda Atlas Cars (HACL) β Rs. 21.8 billion
Master Changan Motors β Rs. 11 billion
Kia Lucky Motors β Rs. 10.6 billion
Hyundai Nishat Motors β 6.9 billion
Al-Haj Automotive (Proton Pakistan) β Rs. 1.7 billion
Ghandara Nissan Limited (GNL) β Rs. 1.6 billion
Sazgar Engineering Works Limited (SEWL) β Rs. 0.7 billion
Regal Automobile β Rs. 0.3 billion