BR100 Increased By (1.05%)
BR30 Increased By (1.24%)
KSE100 Increased By (0.9%)
KSE30 Increased By (1%)
AGHA 8.02 Increased By ▲ 0.05 (0.63%)
BECO 5.43 Increased By ▲ 0.02 (0.37%)
BML 66.30 Increased By ▲ 0.81 (1.24%)
BOP 36.07 Increased By ▲ 0.11 (0.31%)
CNERGY 9.33 Decreased By ▼ -0.07 (-0.74%)
CSIL 6.01 Increased By ▲ 0.07 (1.18%)
FCCL 56.35 Increased By ▲ 0.88 (1.59%)
FFL 17.61 Increased By ▲ 0.13 (0.74%)
FNEL 1.27 Increased By ▲ 0.03 (2.42%)
KEL 8.16 Increased By ▲ 0.22 (2.77%)
KOSM 6.20 Increased By ▲ 0.15 (2.48%)
LOTCHEM 31.15 Increased By ▲ 0.72 (2.37%)
MLCF 105.25 Increased By ▲ 2.48 (2.41%)
NBP 210.27 Increased By ▲ 0.60 (0.29%)
NCPL 60.65 Increased By ▲ 0.35 (0.58%)
NPL 69.00 Increased By ▲ 0.15 (0.22%)
OGDC 337.22 Increased By ▲ 3.67 (1.1%)
PACE 11.60 Decreased By ▼ -0.12 (-1.02%)
PAEL 45.55 Increased By ▲ 0.48 (1.07%)
PIBTL 18.11 Increased By ▲ 0.09 (0.5%)
PPL 237.81 Increased By ▲ 2.19 (0.93%)
PRL 41.93 Increased By ▲ 0.08 (0.19%)
PTC 72.20 Increased By ▲ 1.36 (1.92%)
SSGC 31.08 Increased By ▲ 0.01 (0.03%)
TBL 10.60 Increased By ▲ 0.01 (0.09%)
TELE 9.15 Increased By ▲ 0.15 (1.67%)
TPL 17.45 Decreased By ▼ -0.20 (-1.13%)
TPLP 12.60 Decreased By ▼ -0.07 (-0.55%)
TREET 24.89 Increased By ▲ 0.09 (0.36%)
TRG 65.55 Increased By ▲ 0.38 (0.58%)

LAHORE: In a major vote of confidence in Pakistan’s economic outlook and industrial potential, MG Motor Pakistan, backed by global automotive giant SAIC Motor, has announced a USD 20 million investment to expand its vehicle manufacturing plant.

The expansion is set to introduce advanced automotive technologies to Pakistan and will support the company’s plans to broaden its product lineup through the launch of new vehicle models.

This initiative will generate new employment opportunities while strengthening the local automotive supply chain and supporting the continued development of Pakistan’s manufacturing ecosystem. “This investment reflects our long-term confidence in Pakistan’s economic potential and its rapidly evolving automotive ecosystem,” said CEO of MG Motor Pakistan, Shao Jian Qiang.

“Pakistan represents an important market for MG, and our commitment remains clear: In Pakistan, For Pakistan. Through this investment we aim to deepen local manufacturing, create export opportunity, jobs, and contribute to the long-term growth of the country’s automotive sector.”

MG Motor Pakistan has played a significant role in expanding the country’s NEV landscape since entering the market, introducing internationally recognized vehicle models while investing in local assembly and manufacturing capabilities.

Executives at SAIC Motor highlighted the strategic importance of the investment for the company’s global expansion strategy.

“As one of the world’s leading automotive groups, SAIC Motor is committed to expanding advanced mobility solutions across emerging markets,” said a senior SAIC Motor representative.

Pakistan represents a dynamic market with a young population, growing technological capability, and increasing demand for high-quality vehicles.

As MG continues to expand its operations, the company reaffirmed its commitment to working closely with policymakers, industry partners, and local communities to build a strong, competitive, and future-ready automotive industry in Pakistan.

Copyright Business Recorder, 2026

Comments

200 characters remaining