KARACHI – Big international automobile giant is making entry into Pakistanin yet another mega investment deal in Pakistan.
Master Motor is starting this year the assembling of Iveco trucks, which isthe first Italian automotive brand being manufactured in Pakistan.
This was announced by Master Motor Chief Executive Danial Malik whileinaugurating their first state-of-the-art 5-S facility and showroom onWednesday.
“Master Motor is committed to the well-being of Pakistan. We have beenimporting Iveco trucks but now we have decided to start its assembling fromthe middle of this year,” he added.
Danial said that Iveco vehicles and Foton and Fuso vehicles, already beingsold in the country, are OGRA-complaint, adding that the company isstarting production of Changan brand vehicles in Pakistan from next month.
Read Top Stories
“This joint venture between Master Motor and Changan Automobiles fromChina, set up with the initial investment of $100 million, would provide 10thousand direct and indirect employment opportunities,” Danial said.
He said the company has already established 10 dealerships in major citiesof Pakistan while this dealership was its first 5-S facility..
