Islamabad: Businessman Javed Afridi, who helped brought Morris Garages (MG) into Pakistani market, has accused the automobile giants in the country of launching a smear campaign amid reports of a federal investigation into an under-invoicing scam.
As per details, the Federal Board of Revenue (FBR) launched a probe into the import pricing of complete built-up (CBU) units of MG.
Javed Afridi turned to twitter and wrote that for decades, Pakistani automobile consumers have been exploited by cartels that cornered them with low quality, boring models at exorbitant prices.
"Plus, buyers had to pay billions of rupees to get delivery of the very vehicles the price of which they had already paid,” he added.
He stressed, “As new entrants bring in exciting new models at far lower prices, instead of competition, we expect maligning campaigns and baseless rumors".
The KP based businessman further wrote, “While we know that competition is an unfamiliar phenomenon in Pakistan's automobile industry, we invite everyone to join in a fair competition to serve Pakistani consumers with a bigger and better variety of vehicles at lower prices".
The statement of Javed Afridi came after a local newspaper claimed that the FBR was reportedly investigating a mega under-invoicing scam, showing the purported involvement of one of Afridi's companies owned by a leading Chinese automobile corporation.