Business
Pakistan to export vehicles to other countries
‘First shipment of exports has been shipped to Egypt’: Ali Asghar Jamali
Karachi: Pakistan's private vehicle company has signed an agreement with Egypt. According to the agreement Pakistan will export vehicles to Egypt.
The private vehicle company’s chief executive Ali Asghar Jamali told the media that they have already shipped their first shipment this month.
Jamali stated that this is an important development, but it would be premature to consider it a major milestone for the struggling industry.
He said, "This is a small step at this time." Currently, we have a shortage of raw materials in the country. Although it will stop us from exporting in bulk, but I’m optimistic.”
The chief executive said that the company will export only a certain portion of production to Egypt. "If they gain confidence, we can be asked to export more parts." Even if we manage to export one part to many markets, it will increase our exports.”
He added that "We hope other manufacturers will also get confidence and they will also look for export routes".