• Download the Constitution of Pakistan
  • Advertise
Tuesday, July 15, 2025
  • Login
NEWSLETTER
ECONOMY
  • Business
  • Education
  • Entertainment
  • Finance
  • Health
  • Life & Style
  • Politics
  • Sports
  • Technology
No Result
View All Result
  • Business
  • Education
  • Entertainment
  • Finance
  • Health
  • Life & Style
  • Politics
  • Sports
  • Technology
No Result
View All Result
ECONOMY
No Result
View All Result
Home Business

Can Pakistan become a hub of Auto Mobile Exports?

by Web Desk
February 15, 2021
in Business, Economy, Entrepreneurship, Finance, World
Reading Time: 2 mins read
0
Can Pakistan become a hub of Auto Mobile Exports
Share on FacebookShare on TwitterLinkedinWhatsapp

An upcoming Joint Venture between Pakistan and China, Master Changan Motors (MCM), plans turn its $136 million complete knock-down (CKD) assembly plant in Karachi into a hub of Exports for the Chinese right-hand-drive Auto Mobile to the regional countries.

Moreover, Master Changan Motors(MCM), is the only strategic Alliance where a Chinese automotive manufacturer has invested capital in the project whereas most Chinese Original Equipment Manufacturers (OEM) interested in exploring their chances in Pakistani market are preferring ‘technical cooperation’ with their local partners.

Furthermore, it was confirmed back in 2017 as a 70:30 joint-venture between Pakistan’s Master Group and China’s Changan Motors, MCM has the endurance to assemble 30,000 units a year.

Danial Malik, MCM CEO has told his correspondent in an interview that “Ours is the first green-field project launched under the 2016/21 Auto Industry Development Policy under the umbrella of China-Pakistan Economic Corridor 2.0.”

Nabeel Hashmi, a leading auto vendor and exporter of auto parts from Lahore, stated that “The answer to the question of why Chinese automakers aren’t making equity investments in Pakistan can be found in the policies of the government.” Moreover, he added, “Under CPEC, our official focus has always been on the textile sector. We never tried to explore the possibility of cooperation with Chinese investors in the area of manufacturing capital goods.”

According to an engineering Development Board official, Chinese car companies are exploring the Pakistani market and would start investing capital in a big way here once they can wean away customers from the expensive Japanese and Korean models by offering them better quality vehicles and driving experience, and lower prices. Secondly, some Chinese OEMs may need to increase their CKD production capacity before entering Pakistan, he added.

MCM is also planning to start the production of Electric Auto Mobile Exports cars in Pakistan in accordance to the statement of CEO of the Company. He stated, “we would prepare our feasibility once the government takes a final decision on the demand of the Japanese manufacturers for the same incentives given in the recently approved EV policy for their hybrid cars. “If that happens, it will discourage adoption of the cleaner, most-efficient EV technology in the country. It will not be good for the internal combustion vehicles either,” he concluded.

Tags: automobileCar ExportsChineeseJoint VentureMaster Changan Motors (MCM)Original Equipment ManufacturersPakistan
Web Desk

Web Desk

Related Posts

Pakistan, Russia sign Protocol to restore & modernize PSM

Pakistan, Russia sign Protocol to restore & modernize PSM

by News Publishing
July 11, 2025
0

Pakistan and Russia have signed a Protocol to restore and modernize Pakistan Steel Mills (PSM) in Karachi, reaffirming their long-standing...

PSX soars to new high of over 133,000 points in intraday trade

PSX soars to new high of over 133,000 points in intraday trade

by News Publishing
July 7, 2025
0

July 8, 2025: The Pakistan Stock Exchange (PSX) continued its remarkable upward trend on Monday, as the KSE-100 index surged...

Pakistan, Azerbaijan sign $2billion investment agreement

Pakistan, Azerbaijan sign $2billion investment agreement

by News Publishing
July 5, 2025
0

Pakistan and Azerbaijan have signed an agreement for investment worth two billion dollars in diverse sectors of Pakistan's economy. The...

Electricity Rate cut 2025

NEPRA Slashes Power Tariff by Rs1.16 Per Unit

by Anum Arif
July 2, 2025
0

In a major relief to power consumers across Pakistan, the National Electric Power Regulatory Authority (NEPRA) has approved a reduction...

Petrol price increased by Rs8.36 per litre for next fortnight

Petrol price increased by Rs8.36 per litre for next fortnight

by News Publishing
July 1, 2025
0

The Finance Division has announced a significant increase in fuel prices, citing volatility in global crude oil markets. Effective from...

PSX 2025

PSX Crosses 125,000 Points for First Time

by Anum Arif
June 30, 2025
0

The Pakistan Stock Exchange (PSX) achieved a historic milestone on June 30, 2025, as the benchmark KSE-100 Index crossed the...

Next Post
Top 10 Fashion Designers

Top 10 Fashion Designers of Pakistan

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

About Us

Economy.pk is a source of economic, political, business, finance, health and sports updates.

Important Categories

  • Business
  • Education
  • Entertainment
  • Finance
  • Health
  • Life & Style
  • Politics
  • Sports
  • Technology

Social Media

  • Facebook
  • Instagram
  • Twitter
  • Linkedin
  • YouTube
  • Linkedin
  • TikTok
  • WhatsApp
  • About
  • Advertise
  • Careers
  • Contact

© 2024 Economy.pk - Web Development by Digital Otters

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Business
  • Education
  • Entertainment
  • Finance
  • Health
  • Life & Style
  • Politics
  • Sports
  • Technology

© 2024 Economy.pk - Web Development by Digital Otters