Pakistan and Bangladesh have signed a major agreement for the export of locally manufactured vehicles, with Pakistan setting a target to export 5,000 vehicles to Bangladesh by 2029.
Speaking to the media, Special Assistant to the Prime Minister on Industries and Production Haroon Akhtar described the agreement as a significant milestone for Pakistan’s auto industry. He said it would be the first time that vehicles manufactured in Pakistan would be exported on such a large scale.
Haroon Akhtar said the government is working to transform Pakistan into a global manufacturing hub, adding that Chinese investment is playing a key role in achieving this vision.
He revealed that more than 150 Memorandums of Understanding (MoUs) have been signed for battery manufacturing in Pakistan. He also noted that 95 per cent of mobile phones used in the country are now being assembled locally, while solar panels will also be manufactured in Pakistan to help reduce imports.
The special assistant further said the government has so far issued 86 licenses for the production of two wheeled electric motorcycles.
Meanwhile, Rongkun Auto Managing Director Romo Roof Chaudhry said the company would work with Pakistan to export vehicles to Bangladesh, adding that there is also strong demand for electric motorcycles in the Bangladeshi market.
On the occasion, MG Pakistan CEO Jian Qiang Shao said every country should provide adequate protection and support to its domestic automotive industry.
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