Five Groups Place Applications With Board of Investment to Set up Auto Plants

News Image

By MG News | April 10, 2017 at 11:31 AM GMT+05:00

0:00

Five companies have shown interest in Pakistan along with local partners to set up auto plants, i.e. assembling series of vehicles belonging to small to large units like long or heavy trailers.
“The groups will bring billions of dollars in the country through investment in the auto sector”, said an official of the ministry of finance.
Five companies which showed intention to set up auto plants belong to China and Korea along with local partners, said Mifftah Ismail chairman Board of Investment from Islamabad.

The companies applied for auto plants in the country are Lucky Cement with KIA motors, Haier with Foton China, United Motors Lahore with China, Regal Motors with Chinese company and Pakistan China Motors Karachi.
The government has given tax holiday for five years to new entrants under the new auto policy whereby tax break would be given.
Pak Suzuki which has recently through media reports informed that they have rolled back the 460 million dollars worth of investment plan in the country as the company wanted two year tax break to commence investment plan.

Related News

Name Price/Vol %Chg/NChg
KSE100 121,971.04
203.25M
-0.21%
-254.32
ALLSHR 76,217.24
1,149.99M
-0.15%
-117.46
KSE30 36,912.96
84.39M
-0.12%
-43.14
KMI30 179,918.47
73.52M
-0.30%
-548.04
KMIALLSHR 52,207.51
411.50M
-0.19%
-100.98
BKTi 30,290.55
27.27M
0.30%
91.94
OGTi 27,491.95
10.62M
0.08%
22.96
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 105,850.00 109,305.00
105,730.00
-3070.00
-2.82%
BRENT CRUDE 74.67 75.00
72.66
1.44
1.97%
RICHARDS BAY COAL MONTHLY 88.00 0.00
0.00
-3.25
-3.56%
ROTTERDAM COAL MONTHLY 103.75 103.75
103.75
0.00
0.00%
USD RBD PALM OLEIN 998.50 998.50
998.50
0.00
0.00%
CRUDE OIL - WTI 71.57 72.12
69.56
1.32
1.88%
SUGAR #11 WORLD 16.75 16.94
16.73
-0.19
-1.12%

Chart of the Day


Latest News
June 17, 2025 at 04:58 PM GMT+05:00

Chinese delegation eyes housing investments in Pakistan


June 17, 2025 at 04:37 PM GMT+05:00

K-Electric applies to list sukuk on PSX


June 17, 2025 at 04:20 PM GMT+05:00

Gold price in Pakistan falls Rs1,000 per tola


June 17, 2025 at 04:01 PM GMT+05:00

PSX Closing Bell: A Bump in the Road



Top 5 things to watch in this week

Pakistan Stock Movers
Name Last Chg/%Chg
Name Last Chg/%Chg