Renault has accepted Pakistan’s invitation and announced to start assembling cars in Pakistan by 2018, confirmed Board of Investment (BoI).
Last month, Ishaq Dar met the representatives of Renault to resolve their queries about the new import/export policy Pakistan has devised for car manufacturers looking to expand their businesses here.
The major attraction for companies such as Renault is the new policy which allows these investors to import tax free manufacturing plant equipment and pay less taxes on import of parts when assembly starts plus various other incentives that can help new entrants in the automotive industry to set up their operations in Pakistan.
After approval from the Prime Minister automotive policy, Ishaq Dar, along with Special Assistant to the PM and Chairman of the Board of Investment (BoI) Miftah Ismail, met the following companies’ representatives:
- Volkswagen.
- Peugeot.
- Renault.
- Nissan.
“We want greater competition, and we expect with greater competition consumers will be offered better choices,” Ismail said.
Thus far, only Renault has agreed to join the revolution in Pakistan. Rest of the companies are said to give their answers soon, too.
Nissan chief spokesman Jonathan Adashek had said:
“Pakistan is certainly a market of interest for us at present”, but added that no final decision had been made at the time.
New measures for expansion, investment and consumer protection in auto sector of Pakistan were proposed by Economic Coordination Committee after reviewing the Auto Policy, headed by the finance minister.
Several meetings were held between all the stakeholders. These meetings helped in devising a new policy package to attract greenfield investment as well as to revive existing closed auto units in Pakistan.
An auto and football enthusiast, you can contact Syed Zarar at [email protected]. For more discussions, contact him on Facebook (fb.com/TacticallyInept). He tweets at: @TacticallyInept.
good. this will break the monopoly and they will be more competition in the market.
Thank you for sharing this information. Volkswagen will be an interesting intro to Pakistan automobile industry with there sedans / saloon vehicles
A Question however…. Is Mr. Adashek Indian (origin)? Please advise nationality and investing country?
Regret typo… their sedan / saloon vehicles.
Pehle roads to sahe kerlo phir expensive gariyo kay plant lagana pakistan may.
wo phly hi roads ki jan nahi choor rhy bhai .. ap aur mashwary du :D
last 8-10 years Renault ne 4-5 boht hi achy aur inexpensive models launch kiye hein different segments mein, hopefully yahan bhi unki cars ziada mehngi nahi hongi
Bhai kahan rehtey ho?
Pakistan main roads tou at least theek thaak condition main hain, aur yeh tou CPEC motorways sey pehley ki bat hai.
Aap kaha rehtay ho bhai, Pakistan ki roads worst condition men hain iswaqt. Not even a penny spent on local roads in the last 8 years.. Aap shyed motorway to motorway travel kerte ho :P
Bhai lagta hai aap Pakistan sy bahir rehty ho
Good initiative. Hopefully Nawaz and company will have good kickbacks.
Please share evidence of those kickbacks with us as saala koi bhe nahe dikhata sab boltay he hain ky g a n ja corrupt ha.
Jao us k sar pe lagay artificially grown hair dekho jisko tum ga.nja keh rahe ho. itnay expensive hair kia us ne kabaar ki dukaan se lagwa liye? London, Dubai dunia bhar main trillion dollars ki properties, ab kia tumhain un k sale agreement lakay dikhayien? Yeh nazar nahi araha tumhain sub? Tumhain tou Gan.jay k sar k ball bhi nazar nahi arahy.
will their plant be ready before/in 2018 ?
Diesel Car
PLEASE OFFER CHEAP CARS LIKE that mini Renault !
its called “Kwid”.
Yeah … i forgot the name …
pretty sure it doesn’t count as a felony
Yasir dear, tum jo chah rahy ho na k jaisey India main yeh car INR.265,000 ki mil rahe hi humain bhi Pakistani rupees main uske baraber ki parey, aisa hoga nahi, kyuin k Ishaq Dar ka tou nick name hi “dollar” hai, aur log sirf “dollar ki talash” main aye huwey hain bhai. Sochna vi na!
sad .. but true.
chalo agar 5 lakh tk ki bhi mil jaye to khair hai… is sy ziada ki hui to phir koi faida nahi hoga dusri companies ko invite karne ka.
Affordability is a central metric of this auto policy and without accomplishing that , this policy is all set to fail
Thank you for sharing this information. Volkswagen and Peugot will be an interesting introduction to Pakistan automobile industry with their sedans / saloon vehicles.
A Question however…. Is Mr. Adashek Indian (origin)? Please advise nationality and investing country? If the investment has to do anything with India, the deal sounds shady.
Indians are 100 times ahead and everywhere now in business, don’t be jealous and work hard. Hum Pakistanis ka yahi masla ha.
O bahi pasa aa rah jaa nahi rahi…who cares what his nationality is as long they are investing money…her cheez ma koi issue :(
wish that suzuki dies….
With all its previous cars.
Hell yeah!
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I wish they launch the Renault Duster …..
Why is Audi not invited?
Lets see what happens! Its pretty difficult to break the market of Japanese brands!
Went to the vendors meeting 8 months back, they’re doing it with gandhara Nissan at Port qasim. Whereas, the Pakistani ppl were not willing to give the parts work to local based vendors do they get the production plants and import everything. As I remember, the stupidest guy from gandhara Nissan’s team added his stupid comment, that Pakistan is not able to produce such quality products so oops best we don’t out source some parts here and instead we import it all!
Mian Muhammd Nawaz Sharif is key to success of Pakistan. May Allah Pak bless him more rewards. It’s another progressive initiative.