Tyre sales across the country have increased significantly thanks to the measures taken by the federal government to put an end to illegal trade coupled with a rising demand following the Coronavirus pandemic.
CEO General Tyre and Rubber Company, Hussain Kuli Khan, has said that the company will soon make up for the losses incurred during the Coronavirus pandemic.
ALSO READ
PIA Set to Return Six Aircraft After Lease Expires Next Year
Hussain revealed that the company had suspended operations for almost 2.5 months due to the Coronavirus outbreak and subsequent lockdown in the country.
He added that the company reported sales of Rs. 3.2 billion at the end of the first quarter of the ongoing fiscal year, a 42% increase in comparison to the same period last year, owing to the measures implemented by the government to curb the illegal trade of tyres.
ALSO READ
Govt to Eliminate Class-Based Division With New Education System
In the last 5 years, the company had also contributed Rs. 13.5 billion in the form of taxies and duties to the national exchequer and invested Rs. 4.7 billion in balancing, modernization, and replacement, said Hussain.
He also appreciated Chinese tyre companies for signing agreements with Pakistani companies for establishing manufacturing plants in Pakistan.
Bcz smuggled/kabli tyres were not coming due to covid