Page 36 - Engineering Development Board News Today : Breaking News, Live Updates & Top Stories | Vimarsana

A Pakistan-Chinese automotive joint venture, Master Changan Motors (MCM), plans to turn its $136 million complete knock-down (CKD) assembly plant in Karachi into a hub of export for the Chinese right-hand-drive cars to the regional countries. MCM is the only joint venture where a Chinese automotive manufacturer has actually invested capital in the project whereas most Chinese Original Equipment Manufacturers (OEM) interested in exploring their chances in Pakistani market are preferring ‘technical cooperation’ with their local partners. Established back in 2017 as a 70:30 joint-venture bet...

KARACHI: A number of used imported vehicles are parked at the port on Saturday.—Fahim Siddiqi/White Star KARACHI: The 196 per cent hike in imports of completely built-up (CBU) cars to $94 million during the first half of the current fiscal year (1HFY21) has raised doubts in the auto sector if the import of new vehicles by recent market entrants is on the rise or the arrival of used vehicles is increasing. Talking to Dawn, auto sector stakeholders offered different views, with some expressing fears that the facility of importing 100 units under concessionary duty by new entrants is being mis...

A trailer loaded with around a dozen electric cars overturned on the National Highway near Sindh’s Nawabshah district on Friday

Car manufacturers seek clarity on incentives for new entrants By Official says AIDC meeting’s minutes indicates govt is favouring a manufacturer Official says a new entrant is selling and booking vehicles without having a plant in Pakistan LAHORE: Car manufacturers have asked the Engineering Development Board (EDB) to specify the cut of dates for them to seek benefits under the Auto Development Policy (ADP) 2016-21 being offered to new entrants, reported The News. The Pakistan Automotive Manufacturers Association (PAMA) have sought clarity on the dates in a letter written to the EDB on Feb...

Automakers demand clarity on incentives for new entrants Business February 10, 2021 LAHORE: Carmakers have asked the Engineering Development Board (EDB) to be specific about the cut off dates for availing incentives that Auto Development Policy (ADP) 2016-21 offers to the new entrants, an official said on Tuesday. Pakistan Automotive Manufacturers Association (PAMA) demanded clarity on those dates in a letter to the EDB, dated February 8, 2021. The official said apparently, in the light of the Auto Industry Development Committee’s (AIDC) 34th meeting’s minutes, the government seemed to ...