MG JW Automobile Pakistan to export locally assembled vehicles to Bangladesh

MG JW Automobile Pakistan will export 100 locally assembled vehicles to Bangladesh during the current year, with total overseas shipments projected to reach 5,800 vehicles over the next four years, it was learnt on Thursday.

MG JW signed a memorandum of understanding (MoU) with Bangladesh’s RANCON Group for the export of vehicles, which was witnessed by Special Assistant to the Prime Minister (SAPM) on Industries and Production Haroon Akhtar Khan, according to an official release.

Under the agreement, MG JW Automobile Pakistan will export 100 locally assembled vehicles to Bangladesh during the current year, while total exports are projected to reach 5,800 vehicles over the next four years.

Talking to the media after the ceremony, Haroon Akhtar Khan said the agreement would generate millions of dollars in foreign exchange for Pakistan and represented an important step towards achieving the government’s export-led industrial growth agenda.

“Pakistan is pursuing policies that promote exports, strengthen local manufacturing, attract investment, and create a business-friendly environment for industries,” he said.

Khan shared that the government was finalising a comprehensive auto policy aimed at increasing vehicle exports, enhancing localisation, and strengthening the country’s automotive manufacturing base.

The SAPM emphasised that Pakistan’s automotive sector had made progress in quality, localisation, and production capacity, enabling locally manufactured vehicles to compete successfully in international markets.

He said the government would continue extending all possible support to industries that contribute to exports, employment generation, and technological advancement.

Speaking on the occasion, Muhammad Mostafizur Rashid Bhuiyan, Executive Director of RANCON Group, said the agreement would introduce healthy competition in Bangladesh’s automobile market while providing consumers with high-quality vehicles coming from Pakistan.

He noted that Pakistan’s automotive industry had achieved international manufacturing standards and the industry possesses significant export potential.

Chief Executive Officer of MG JW Automobile Pakistan, Jianqiang Shao, welcomed the partnership and reaffirmed the company’s commitment to expanding Pakistan’s automotive exports to regional and international markets.

The ceremony was also attended by Amir Nazir, Chief Operating Officer of MG JW Automobile Pakistan, senior government officials, representatives of both companies, and members of the business community.