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Breaking Volkswagen monopoly to plant his feet in Pakistan.
The outgoing government had a rare opportunity to break the decades monopoly of local car assemblers as world renowned automaker, Volkswagen, wants to introduce its brands in Pakistan.
The largest and the second largest automaker in the world of Germany in terms of market share, Volkswagen, wants to do business in Pakistan, said an official from the Board of Investment BoI.
A business delegation of 14 businessmen members of Germany is visiting Pakistan, including representatives from the automobile company, Volkswagen, said Dr. Cyrill Nunn, German Ambassador to Pakistan Tuesday, he was at a press conference to share the details of what he described as a very important visit.
According to Pakistani officials, Volkswagen was keen to do business and the government also wanted at least one European brand to set up a factory in the country to break the monopoly of local car assemblers They said the three local assemblers conspired and resultantly on average, a car assembled on site is pretty much expensive Rs500,000.
By allowing the new manufacturer to set up factories, the government must change its existing auto policy, said Pakistani officials have said the government has decided in principle to change the auto policy and add average reversed MKD units in the definition German officials had asked the Government to keep semi-knocked account and MKD units in the automotive category.
Volkswagen is said to be engaged in negotiations with potential local partners, said Pakistani officials.
Over the next two years, the government will try to introduce at least one European brand German or Italian said Miftah Ismail, BCR president, while talking to The Express Tribune Ismail welcomed the German delegation, hoping that it will help strengthen bilateral economic ties.
For such a delegation to Pakistan, we must persuade them and once they are in Pakistan they realize it's a huge country, said Dr Nunn.
Meanwhile, an energy giant billions of euros, Voith is also part of the business delegation The company won the contract for the supply of machinery and equipment for Dasu Hydropower Project and now eying the Diamer-Bhasha Dam businesses that handle consumer goods and transport are also part of the delegation, said the ambassador.
The delegation will hold meetings with the Minister of Trade, BCR, Chief Minister of Punjab, in addition to meet the leaders of the business community in Karachi.
The visiting delegation will have at heart to know what steps the government is taking economic reforms, reducing energy shortages and the investment opportunities in Pakistan, said Dr Nunn.
Dr Nunn said that Pakistan's decision to allocate Diamer-Bhasha dam to fund and two power plants Liquefied natural gas in the new budget provides business opportunities and German companies will bid for these projects.
In 2014, Pakistan's exports to Germany increased by 20 in the back of the generalized system of preferences plus system, said Ambassador However, exports from Germany to Pakistan plunged 3 2, that which is also a reason behind the visit of the delegation, said the ambassador.
The volume of bilateral trade, currently standing at 2 1 billion, well below the potential and even lower than the German trade with countries like Bangladesh, said Dr Nunn.
Published in The Express Tribune, June 10, 2015 e.
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We pay around 12000USD to 1000cc and 18000USD to 1300cc local car performed without power steering, airbags, power windows with poor suspension, poor inside and nothing worth mentioning Despite this, sales from day to day because of the demand and people are forced to buy substandard vehicles because there are fewer choices available This should be a good attraction for Volkswagen to invest and to offer quality stuff Recommend.
The market ISN t large enough to accommodate another player of government will make promises higher tariffs on imported used cars The end result will be that the agreement of the local car assembler will still have another member.
The government and the people of this country must give up this dream of a car industry it hasn t happened after all these years, it will not happen now Allowing free imports Local assemblers will either sink or swim, but what happens consumers will have more choices of our oil imports will also remain because small imported Japanese cars are more fuel efficient than any Recommend assembled locally.
Sohraab give Musharraf rest is nothing but terrorism and instability in its decade dictatorship He Sá democratic government that brings investment because nobody wants to invest in a dictatorship that makes the country look like a banana republic Pakistan is one of the few Muslim democracies Hopefully this will become a model with the economic progress and economic corridor built under Nawaz Sharif VW with more German investment is welcome and appreciated, but thank you to the government to turn things to recommend Pakistan.
When people see pictures of PAKISTANI cities, it looks like a much poorer country than it is because our cars look like they're 1980s, little do they know these cars are new recommendations.
Keep NATO western countries on Pakistan no chance of war criminals to avoid buying tea tree fought a war in a Muslim country, we Muslims are stupid they bomb your country and we like to buy tea tree like Chinese indians BDL create muslim don t brands buy Western products you will soon become poor Recommend.
Haris Volkswagen has not degrade its quality he with competing successfully with brands like Toyota Nissan in China and captured the market Similarly, new products are well positioned against the likes of Corolla, Camry, Civic Accord with the same if not better quality Award huge opportunity for all Volkswagen Recommend Pakistanis.
This good desetion Goverment of Pakistan to interduce a new mobile combanies car in pakistan and volkswagon is one of Mose famous company in the world and we need small cars stations in pakistan but cheep price so all can buy on so keep to the interduse up and cars are Pakistan as soon as possible, I also tell bussines with mobile self to islamabd waitin for new brands Recommend.
This good desetion Goverment of Pakistan to interduce a new mobile combanies car in pakistan and volkswagon is one of Mose famous company in the world and we need small cars stations in pakistan but cheep price so all can buy on so keep to the interduse up and cars are Pakistan as soon as possible, I also tell bussines with mobile self in islamabd waitin for news is wating for new companies recommend.
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