Automotive Sector to bring investment worth $1.5 billion in Pakistan

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Automotive Sector to bring investment worth $1.5 billion in Pakistan

ISLAMABAD: Aamir Allahwala, former chairman Pakistan Association of Automotive Parts and Accessories Manufacturers, on Tuesday told a Senate panel that manufacturing of Suzuki’s Mehran car will come to an end within the next two months.

He was briefing the Senate’s Standing Committee on Industries and Production which was presided over by Senator Ahmed Khan.

Allahwala said most parts of the vehicle, including engines, are being made in Pakistan.

Amir Allahwala further informed the committee that 96 per cent of motorcycles are being made in Pakistan. We are exporting motorcycles to Afghanistan while the cars are being exported to Nepal and Sri Lanka,” he told.

“An estimated 2.4 million people are associated with the automotive manufacturing industry in the country,” he told the upper House.

The committee was also informed about the number of cars being imported by Pakistan which stands at 75000. To which, the committee has sought details of the imported vehicles.

Allahwala also revealed that “nine automotive manufacturers were working to bring an investment worth $1.50 billion to Pakistan”.