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Pakistan

Audi eyeing entry into Pakistani market, signs deal with BankIslami

German automaker Audi is all set to enter the flourishing automobile market of Pakistan. According to local media report
09 May 2016

imageGerman automaker Audi is all set to enter the flourishing automobile market of Pakistan.

According to local media reports, the German based auto giant has partnered with BankIslami Pakistan through its importer Premier Systems, in order to introduce its brand in the Pakistani market.

On behalf of Audi, the Premier System signed a Memorandum of Understanding (MoU) with BankIslami. The agreement will allow both Audi Pakistan and BankIslami Pakistan to leverage on the inherent strengths of each other network, said the officials of BankIslami.

As per reports, Audi in the initial phase would export Completely Built-up Units (CBU) in Pakistan, which would indicate the level of popularity of its cars in Pakistan. In the second stage it would setup an assembling plant after the feasibility result.

The MoU was signed by Muhammad Yasin Khan, Chief Financial Officer, Premier Systems (Pvt) Ltd. and Yasser Abbas, Section Head Auto Ijarah, BankIslami.

Copyright Business Recorder, 2016