Tuesday, 16 July 2024, 07:19:34 am

Minister for Industries lauds Pak Suzuki for vital role in local auto industry
May 23, 2024

Minister for Industries and Production, Rana Tanveer Hussain has lauded Pak Suzuki for playing a vital role in development of the local auto vending industry and contributing significantly in job creation.

He expressed these views while talking to a Japanese delegation led by Global Vice President Suzuki Motor Corporation, Kenichi Ayukawa, which called on him in Islamabad today.

Welcoming the delegation, he said that auto industry is a key sector for Pakistan's economy, providing significant contributions in terms of employment, economic growth, technology transfer, and industrial development.

The Minister said the government is supporting the localization of the automotive industry by providing tax breaks and other incentives to automakers, and by investing in research and development.  He said the government is ready to provide all the support needed to succeed in this national cause.

He said the collaborative approach of the government shows its commitment to fostering a conducive business environment that promotes growth and sustainability of the Pakistan Auto industry.

Rana Tanveer Hussain informed the delegation that incentives on new technologies of Electric Vehicles and Hybrids are being provided including duty free import of plant and machinery for setting up plants for Electric Vehicles manufacturing.

He revealed that forty three companies have been issued manufacturing certificates recently for local manufacturing of two and three wheeler Electric Vehicles.

On the occasion, Global Vice President, Suzuki Motor Corporation shared that Suzuki company is manufacturing vehicles in Pakistan for the past years.

He said recently, the inauguration of the export of Suzuki Swift and GS-150 motorcycle from Pakistan marks a pivotal moment in Pakistan's journey toward becoming a global player in the automobile industry.