ISLAMABAD – The Rawal Industrial Equipment and Malik Group of Companieshave signed an MoU which will bring manufacturing of Chinese heavytransport vehicles and other technology to Pakistan.
The MoU was signed by Malik Khuda Bakhsh, Chairman and CEO of Malik Groupof Companies and Farrukh Kamal, CEO of Rawal Industrial Equipment.
Kamal, addressing the occasion, said that his company had been establishedwith an eye on boosting trade between China and Pakistan. The assemblyplant will be set up at Daudkhel, District Mianwali and will startproduction later this year. The plant is on a CPEC route and willmanufacture heavy transport vehicles and other tech indigenously.
Initially, the unit will help create 5,000 jobs and will also produceluxury buses, whose demand is set to rise due to increased tourismprospects in Pakistan. The products will include trucks, tankers,excavators, prime movers, earth moving machinery, and related tech.
Malik Khuda Baksh, addressed the occasion stating they had inked theagreement due to the substantial demand for buses in the public transportsector in urban parts of Sindh and the custom vehicles needed for theproposed *Bus Rapid Transit System* in Karachi.
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He added that he had been in touch with the Sindh Transport Department andhad expressed a desire to launch Chinese-origin buses for public transportin cities like Karachi.
The assembly plant will churn out 600 Sunlong, 5000 Shacman trucks, 10,000CIMC-RJST Semi-trailers and Tankers on a yearly basis. The expected cost ofthe project is said to be USD 7 to 10 million.
*Via: CarSpiritlink*
