Pak Suzuki begins exports to Bangladesh, Afghanistan

August 03, 2024 (MLN): Due to the commitment and facilitation by the Special Investment Facilitation Council (SIFC) for the automotive industry, Pak Suzuki Motor Company Limited has started exporting vehicles to Bangladesh and Afghanistan.

Pak Suzuki's CEO, Hiroshi Kawamura, made the announcement during the inauguration of the Suzuki Vendor Cluster Area.

Hiroshi Kawamura said that PSMC has been exporting vehicles and auto parts since 1997, including software and motorcycle accessories to Japan.

Moreover, this development showcases the quality and competitiveness of Pakistani-made vehicles in the international market.

Meanwhile, Minister for Industries & Production, Rana Tanveer Hussain who inaugurated a new Suzuki Vendor Cluster Area said this initiative aims to expand Pak Suzuki’s network of local suppliers, enhancing efficiency and reducing costs through localized supply chain management.

In a recent update, Pakistan Credit Rating Agency Limited (PACRA) has maintained entity ratings of Pak Suzuki Motor Company Limited (PSMC) at "AA-" for the long term and "A1" for short term with a stable outlook forecast.

The credit rating agency said that ratings reflect a vigorous business profile represented by its prominent position among the established auto OEMs in Pakistan.

The ratings are further supported by the foreign sponsor, Suzuki Motor Corporation, Japan (SMC-Japan), which extends comprehensive support to the company.

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