The economic strife in Pakistan has given wind to a rumor mill that speaks of multiple companies packing their bags and leaving Pakistan.
Recently, rumors started circulating on social media that Premier Motors Limited (PML) has decided to abandon its plans to assemble Volkswagen (VW) and Skoda vehicles in Pakistan. While the company remains silent on the matter, several industry experts and media outlets have debunked this rumor.
Also worth noting is that PML has already made a significant investment in Pakistan, having started construction of its vehicle assembly plant in Hub, Balochistan. German Consul General, Dr. Rüdiger Lotz, also visited the facility earlier this year.
According to the details, the plant will have a production capacity of around 30,000 units a year. In the beginning, the company plans to launch a VW Amarok pickup truck and Transporter van in Pakistan.
Initially, the production facility was set to be completed by 2024. However, the import restriction and economic crisis may have obstructed the company’s momentum. Therefore, unless the company says so itself, PML’s plans to assemble VW cars in Pakistan are still in place.
Business in Pakistan is, person living in Fool paradise….