French manufacturers invited to set up automobile plants

Finance Minister, Senator Ishaq Dar invited main French car producers to installation their vehicle manufacturing plants in Pakistan. Dar provided the invitation during his assembly with leading French vehicle producers, Renault and Peugeot, following week in Paris. He invited them to set up their manufacturing vegetation within the light of the brand new coverage and growing call for, according to a press statement issued with the aid of Finance Ministry here. -File photo The minister briefed them about the currently introduced vehicle policy of the Pakistan government which has been giving attractive incentive and concessions for overseas traders. He emphasized that with the resurgence of Pakistani economy within the last three years, manifested in macroeconomic stability, sustained GDP growth, and stable exchange price and growing customer spending, there is a sturdy demand for new cars inside the country. He invited them to set up their production plants inside the mild of the brand new policy and developing demand. The Senior Executives of both Renault and Peugeot lauded the extremely good turnaround in Pakistan’s financial system and expressed serious hobby in making an investment in the vehicle sector in Pakistan. Chairman BoI, Ambassador of Pakistan to France and French Ambassador to Pakistan had been additionally gift at some point of the assembly.

 

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