Chinese, Korean Automobile Companies To Establish Manufacturing

Minister for Industries and Production Ghulam Murtaza Khan Jatoi informed the Senate on Wednesday that four new automobile companies are interested to establish car assembling/manufacturing plants in Pakistan

ISLAMABAD, (UrduPoint / Pakistan Point News - 30th Aug, 2017 ) : Minister for Industries and Production Ghulam Murtaza Khan Jatoi informed the Senate on Wednesday that four new automobile companies are interested to establish car assembling/manufacturing plants in Pakistan.

In the question hour, he said, two Chinese and two Korean companies will establish their car manufacturing plants soon.

He expressed the hope that after the establishing of the plants, the price of the cars will be reduced in the country.

The minister admitted that the prices of 1000 CC cars are higher in Pakistan as compared to India. The price difference is mainly because of high production volumes in India economies of scale, he added. Moreover, the minister said, due to huge volume advantage, India has localized even high value and high tech components, which are still not being produced in Pakistan.