Engineering Development Board (EDB) has given permission to eight new entrants to set up Auto Assembly Plants in Pakistan. These new players in the market will produce passenger and commercial vehicles in the country.
The news was confirmed by an EDB representative in the hearing organized by the Competition Commission of Pakistan (CCP)
The open hearing was conducted by Chairperson Vadiyya Khalil, and Members Dr. Shehzad Ansar and Dr. Muhammad Saleem. Members of Federal Board of Revenue, representatives of Ministry of Commerce, Engineering Development Board (EDB), Excise and Taxation, people from Indus Motor Company Limited, Pak Suzuki, Pakistan Automobiles Manufacturers Association (PAMA), Pakistan Automobile Assemblers Dealers Association (PAMADA), Pakistan Association of Automotive Parts & Accessories Manufacturers (PAAPAM) attended the hearing along with numerous car importers and car users.
As per the EDB official, as the new automakers are allowed to set up assembly plants in Pakistan, the auto sector will grow and foreign direct investment will increase in the country. It will create more jobs for the unemployed society in Pakistan.
He informed that EDB is playing its role in improving the engineering base in Pakistan by providing an equal playing ground for all the manufacturers.
CCP Chairperson Vadiyya Khalil said that auto sector has an important role to play in the economic development of any country. It creates jobs, contributes to the national economy, provides options to the consumers and bring an overall growth in the country. Still, she acknowledged the CCP receives numerous complaints relating to issues in cars, pricing of vehicles, substandard safety and technological features and much more. Thus the open hearing is being conducted to hear the complaints of the automakers.
The complaints of the consumers were mainly regarding late delivery of vehicles, extra pricing of car etc.
CEO of Indus Motor Company Ali Asghar Jamali informed that IMC Toyota is investing in the manufacturing capacity to fulfill the increasing demand.