As cars become more expensive, people are compelled to use motorbikes for daily transportation. The increased demand has allowed for huge sales figures that have made Pakistan the fourth-largest motorbike manufacturer in the world.
This update came from prime minister Imran Khan during his meeting with the business community in Islamabad yesterday. He added that tractor sales have also gone up by ten percent in recent years, whereas the parts localization rate has become ninety percent.
He added that the business community has a key role in the empowerment of the lower socio-economic class.
Because of business-friendly policies, the industry has made record profits and the fruits of which should go to the working class. I am thankful to those industrialists and businessmen who increased their employees’ salaries on my call.
The meeting was attended by Saqib Sheerazi of Honda Atlas, Ali Asghar Jamali of Indus Motors, Ghiasuddin Khan of Engro, Sikander Mustafa of Millat Tractors, among other top-tier businessmen of Pakistan.
Motorcycle Industry of Pakistan
Motorcycle prices have gone up drastically over the last few years. After every event such as the COVID-19 induced recession, shortfall of raw materials, rise in the cost of sheet metal, and the depreciation of the local currency, motorcycle prices have gone up.
Industry analysts suspect that bike prices would continue to increase due to the rising cost of manufacturing and the demand would continue to rise despite escalating prices, as cars and fuel become more expensive.
However, people are frustrated as the government remains silent about the unjust, frequent, and unexplained price hikes. To mitigate these issues, the government must develop and implement a policy that encourages competition and improvement, ensuring proper regulation of motorcycle prices.
Someone should tell Imran Khan that rest of the world call these so called bikes as Mopeds. There is a difference in Motor Bikes and Mopeds around the world. People mix Mopeds with Bikes in Pakistan only.
Also Pakistanis are buying these bikes as they dont have any enough money now to buy cars (after Naya Pakistan) revolution and even Imran Khan is taking the credit of this achievement?
Sir it is easy to criticize. please produce your own cars. then you buy your own cars. criticism is easy.
Why no one should criticise? If govt is fail to give releif and any reasonable policies towards anything then it is indeed the matter of criticism. In other cou trues, these outdated bikes and old generations cars are being sold at less than half of the rate because those govt has tough regulations and policies. But here your imran khan has kneel down infront of mafias.