ISLAMABAD – Javed Afridi, who helped bring British carmaker MG (MorrisGarages) to Pakistan, has hit out at the automobile giants in the countryamid reports of a federal investigation into an under-invoicing scam.
“For decades, Pakistani automobile consumers have been exploited by cartelsthat cornered them with low quality, boring models at exorbitant prices.Plus, buyers had to pay billions of rupees to get delivery of the veryvehicles the price of which they had already paid,” the KP-basedbusinessman said in a post on his social media accounts.
“As new entrants bring in exciting new models at far lower prices, insteadof competition, we expect maligning campaigns and baseless rumors.
“While we know that competition is an unfamiliar phenomenon in Pakistan’sautomobile industry, we invite everyone to join in a fair competition toserve Pakistani consumers with a bigger and better variety of vehicles atlower prices,” he added.
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The statement of Javed Afridi, who is the CEO of MG Capital, comes hoursafter a local newspaper claimed that the Federal Board of Revenue (FBR) wasreportedly investigating a mega under-invoicing scam showing the purportedinvolvement of (Afridi’s) one of the new companies owned by a leadingChinese automobile corporation.
