![Renault to start assembling cars in Pakistan by 2018](https://photo-cdn.urdupoint.com/media/2016/11/_2/740x404/pic_1478173218.jpg)
Renault To Start Assembling Cars In Pakistan By 2018
Sumaira FH Published November 03, 2016 | 04:30 PM
![Renault to start assembling cars in Pakistan by 2018](https://photo-cdn.urdupoint.com/media/2016/11/_2/740x404/pic_1478173218.jpg)
ISLAMABAD, Nov 3 (UrduPoint / Pakistan Point News - 03rd Nov, 2016 ) : Renault, a French car manufacturing company, would start assembling cars in Pakistan by 2018. As the result of Finance Minister Mohammad Ishaq Dar's hectic efforts and persuasion, Renault has decided to invest in Pakistan, This is another feather in the cap of Prime Minister Muhammad Nawaz Sharif's economic policy and vision, a statement issued here by board of Investment (BOI) here on Thursday said.
After approval of the policy Dr. Miftah Ismail made number of meetings and efforts to attract investment in auto sector. He met stakeholders of the sector in Pakistan and also visited abroad to lure in foreign companies in the auto sector.
He met foreign companies like Volkas Wagon, Peugeot, Renault and Nissan. During the Eid-ul-Azha holidays, finance minister himself and Dr. Miftah Ismail visited France and met the top leadership of Renault.
The Economic Coordination Committee of the Cabinet headed by finance minister constituted a committee to review the Auto Policy and recommend new measures for expansion, investment and consumer protection in auto sector of Pakistan.
The committee was headed by Khawaja Muhammad Asif, Minister for Water and Power and included Dr. Miftah Ismail, Minister of State/Chairman Board of Investment. The committee held several meetings and interacted with all stakeholders and under the guidance of Khawaja Muhammad Asif came up with new policy package to attract Greenfield investment as well as revive the existing closed auto units in the country.
The engineering side draft of the policy was prepared by Engineering Development Board whereas Dr. Miftah Ismail prepared financial part of the policy.
Related Topics
Recent Stories
![Cricket: England v West Indies 3rd Test scoreboard](https://photo-cdn.urdupoint.com/media/2024/07/_1/235x155/pic_1722019914.jpg)
Cricket: England v West Indies 3rd Test scoreboard
![Finance minister briefs Chinese officials on refor ..](https://photo-cdn.urdupoint.com/media/2024/07/_1/235x155/pic_1722019922.jpg)
Finance minister briefs Chinese officials on reform agenda, engagement with IMF
![Finland says Russian vessel violated its territori ..](https://photo-cdn.urdupoint.com/media/2024/07/_1/235x155/pic_1722019912.jpg)
Finland says Russian vessel violated its territorial waters
![Olympic opening ceremony under way on River Seine](https://photo-cdn.urdupoint.com/media/2024/07/_1/235x155/pic_1722019266.jpg)
Olympic opening ceremony under way on River Seine
![West Indies' treble strike rocks England in third ..](https://photo-cdn.urdupoint.com/media/2024/07/_1/235x155/pic_1722019264.jpg)
West Indies' treble strike rocks England in third Test
![Ukraine court orders detention of suspect in murde ..](https://photo-cdn.urdupoint.com/media/2024/07/_1/235x155/pic_1722019262.jpg)
Ukraine court orders detention of suspect in murder of nationalist ex-MP
![Long queues, ticketing problems ahead of Paris ope ..](https://photo-cdn.urdupoint.com/media/2024/07/_1/235x155/pic_1722019015.jpg)
Long queues, ticketing problems ahead of Paris opening ceremony
![Rana Sanaullah Khan joins Paris 2024 Olympics inau ..](https://photo-cdn.urdupoint.com/media/2024/07/_1/235x155/pic_1722019638.jpg)
Rana Sanaullah Khan joins Paris 2024 Olympics inauguration reception
![Glowing tributes mark 69th birthday of President Z ..](https://photo-cdn.urdupoint.com/media/2024/07/_1/235x155/pic_1722019637.jpg)
Glowing tributes mark 69th birthday of President Zardari at Governor's House
![Players unaware of spying scandal as Canada Olympi ..](https://photo-cdn.urdupoint.com/media/2024/07/_1/235x155/pic_1722019635.jpg)
Players unaware of spying scandal as Canada Olympic coach sent home: official
![Naqvi hails Pak women cricketers for going down fi ..](https://photo-cdn.urdupoint.com/media/2024/07/_1/235x155/pic_1722019013.jpg)
Naqvi hails Pak women cricketers for going down fighting against SL
!['Sabotage' on French rail network before Olympics: ..](https://photo-cdn.urdupoint.com/media/2024/07/_1/235x155/pic_1722019634.jpg)
'Sabotage' on French rail network before Olympics: What we know
More Stories From Business
-
Finance minister briefs Chinese officials on reform agenda, engagement with IMF
7 hours ago -
Chinese support for CPEC, development projects show deep love with Pakistan: Mushahid
7 hours ago -
G20 seeks common ground on taxing super-rich
7 hours ago -
Stocks rise as inflation data boosts rate cut hopes
8 hours ago -
Land of PSM to be used for establishment of SEZs: NA body told
10 hours ago -
European medicines watchdog rejects new Alzheimer's drug
10 hours ago
-
FBR committed to resolve taxpayer issues in KP, Chairman FBR assures Governor KP
12 hours ago -
Tanveer emphasizes role of SEZs in attracting investment
12 hours ago -
Russian central bank hikes key rate to fight inflation
12 hours ago -
SBP injects Rs9.545 trillion into market
12 hours ago -
PSX stays bearish, loses 439 points
12 hours ago -
US Fed's favored inflation measure cools further in June
13 hours ago