‘Pakistan has a fast-growing automobile sector which is witnessing rapid modernization and attracting foreign investment’, this was stated, today, by Pakistan’s Consul General to Chengdu Muhammad Mudassir Tipu while delivering keynote address at the “2018 Chengdu International Auto Show”. The CG in his remarks underscored that, “realizing the rising demand of automobiles, Pakistan government announced Automotive Development Policy (2016-21) which is very competitive and provides numerous incentives to foreign investors”. The CG encouraged Chinese and Europeans entrepreneurs, attending the Show, to explore Pakistan’s automobile industry and invest in its future.
Apart from members of Chinese government, leading businessmen, major international companies, and representatives of foreign mission based in West of China, a high-level delegation from Pakistan attended the Auto Show. It included Azhar Ali Dahar, DG Trade Development Authority of Pakistan (TDAP); Iftikhar Ahmed CEO Risan Engineering Industries Pvt. Ltd.; Mumshad Ali, CEO, R.K.Gears; Salman Saleem, Director National Automotive Components Pvt. Ltd.; Asif Usman Khan, Deputy Director Board of Investment; and Asim Ayaz Deputy General Manager, Ministry of Industries.
In separate breakout sessions, the members of Pakistan delegation briefed the participants about Pakistan’s automobile industry as well as tax regime and policy incentives that have made Pakistan an attractive destination for investment in auto sector. The delegation also met leading members of China’s automobile industry who demonstrated keen interest to enter into JV’s with Pakistan’s companies.
The Chengdu Motor Show is an international trade fair for automobiles and accessories, which is being held, in Chengdu, every year since last twenty years. It is one of the most popular and attractive fairs in China’s automotive industry that attracts leading car brands from all over the world. The Show sets trends and gives the automotive industry a platform for networking, knowledge-sharing, and understanding cutting-edge ideas.
Last modified: November 24, 2019
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