MG Pakistan strikes deal to export vehicles to Bangladesh

ISLAMABAD: MG JW Automobile Pakistan on Thursday signed a Memorandum of Understanding (MoU) with Bangladesh’s RANCON Group to export Pakistan-made MG vehicles to Bangladesh.

The agreement marks a significant milestone for Pakistan’s automotive industry and reflects the growing international confidence in the country’s manufacturing capabilities. 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.

The MoU signing ceremony was witnessed by the Special Assistant to the Prime Minister (SAPM) on Industries and Production, Haroon Akhtar Khan. Talking to the media, SAPM said that the MoU reflects the government’s vision of transforming Pakistan into an export-oriented and industrially competitive economy.

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Khan said the agreement would generate millions of dollars in foreign exchange for Pakistan and represents another important step towards achieving the Government’s export-led industrial growth agenda.

He stated that, under the leadership of Prime Minister Muhammad Shehbaz Sharif, Pakistan is pursuing policies that promote exports, strengthen local manufacturing, attract investment, and create a business-friendly environment for industries. He added that the Government is 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 has made remarkable progress in quality, localisation, and production capacity, enabling locally manufactured vehicles to compete successfully in international markets. He said the Government will continue extending all possible support to industries that contribute to exports, employment generation, and technological advancement.

Copyright Business Recorder, 2026