Honda To Soon Start Production In Pakistan
Mahnoor Sheikh (@mahnoorsheikh03) Published May 09, 2019 | 04:52 PM
Azam Swati said that new auto manufacturing companies are coming to Pakistan, adding that Honda will start its production in Pakistan from January.
Islamabad (UrduPoint / Pakistan Point News – 9th May, 2019) Several new auto manufacturing companies are making their way to Pakistan.
Federal Minister for Parliamentary Affairs Azam Swati said this during a question session in Senate on Thursday.
Azam Swati said that new auto manufacturing companies are coming to Pakistan, adding that Honda will start its production in Pakistan from January.
Responding to a question by Senator Talha Mahmood, the Minister for Parliamentary Affairs said that the automobile sector is developing in Pakistan.
He said that some companies have already started production in Pakistan while others will soon land.
He said that the sale of cars has decreased due to the increase in their prices.
Azam Swati said that new manufacturing companies will also come to Pakistan to assemble bigger vehicles.
He informed that Honda will start its production in Pakistan from January while other companies are also coming.
Meanwhile, the government has increased the Federal excise duty on imported luxury cars above 1800cc from the existing 20% (imposed in January) to 25% in supplementary budget unveiled in March.
The duty on imported vehicles exceeding 3000cc engine capacity has been raised to 30%. This has raised the prices of exported vehicles.
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