AVN 65.45 Increased By ▲ 0.50 (0.77%)
BAFL 30.65 Decreased By ▼ -0.86 (-2.73%)
BOP 4.83 Increased By ▲ 0.04 (0.84%)
CNERGY 3.72 Decreased By ▼ -0.12 (-3.13%)
DFML 14.26 Decreased By ▼ -0.15 (-1.04%)
DGKC 41.06 Decreased By ▼ -0.54 (-1.3%)
EPCL 46.56 Decreased By ▼ -0.14 (-0.3%)
FCCL 11.35 Increased By ▲ 0.06 (0.53%)
FFL 5.03 Decreased By ▼ -0.02 (-0.4%)
FLYNG 5.78 Decreased By ▼ -0.04 (-0.69%)
GGL 10.28 Decreased By ▼ -0.17 (-1.63%)
HUBC 67.03 Increased By ▲ 1.39 (2.12%)
HUMNL 5.68 Increased By ▲ 0.02 (0.35%)
KAPCO 27.85 Increased By ▲ 0.10 (0.36%)
KEL 2.19 Increased By ▲ 0.04 (1.86%)
LOTCHEM 24.83 Increased By ▲ 0.48 (1.97%)
MLCF 21.37 Decreased By ▼ -0.11 (-0.51%)
NETSOL 84.20 Decreased By ▼ -0.59 (-0.7%)
OGDC 85.94 Decreased By ▼ -1.31 (-1.5%)
PAEL 11.01 Increased By ▲ 0.03 (0.27%)
PIBTL 4.17 Decreased By ▼ -0.05 (-1.18%)
PPL 74.56 Decreased By ▼ -1.14 (-1.51%)
PRL 13.40 Decreased By ▼ -0.25 (-1.83%)
SILK 0.92 Increased By ▲ 0.03 (3.37%)
SNGP 40.44 Decreased By ▼ -0.89 (-2.15%)
TELE 5.86 Increased By ▲ 0.01 (0.17%)
TPLP 15.42 Decreased By ▼ -0.22 (-1.41%)
TRG 111.63 Decreased By ▼ -0.07 (-0.06%)
UNITY 13.76 Decreased By ▼ -0.22 (-1.57%)
WTL 1.14 Decreased By ▼ -0.02 (-1.72%)
BR100 4,037 Decreased By -26.9 (-0.66%)
BR30 14,412 Decreased By -56.6 (-0.39%)
KSE100 40,471 Decreased By -262.4 (-0.64%)
KSE30 15,163 Decreased By -67.2 (-0.44%)
Follow us

A three-day Pakistan Auto Show 2020 successfully concluded at the Expo Centre Lahore on Sunday with a turnout of over 100,000 visitors. The show, organized by the Pakistan Association of Automotive Parts and Accessories Manufacturers (PAAPAM), attracted a good number of professionals seeking technological insights and valuable knowledge on the advancement of engineering in the industry.

It featured a vast range of products and process displays from over 100 international and local auto-manufacturers and a multitude of enterprises operating in the relevant sectors. This pioneering exhibition showcased the robust growth and vast potential of Pakistan's automobile industry, reflecting the nation's pursuit to become a future hub for auto manufacturing.

The event also featured numerous insightful seminars and training workshops, conducted by experts who disseminated high-valued information. These sessions were greatly appreciated by the industry professionals.

Commenting on the event, PAAPAM Chairman Muhammad Akram said: "Looking at the resounding success of this year's event, we are looking forward to next year's auto show on a much larger scale. I would like to thank the stakeholders of this industry for making this show the 'biggest annual automotive event of the nation'.

The industry leaders have urged the government to devise an effective auto policy in consultation with the experts, because this critical policy has been long awaited to enable faster progress of our industry. We are fully committed to play a key role as the binding force for the industry."

He said that there are almost 3000 auto parts-manufacturers operating all over Pakistan, whereby this industry has created almost 3 million jobs and opportunities for respectable income, engaging 500,000 skilled workers as direct employees and 2.4 million indirect employees.

It has also generated a robust investment volume of Rs400 billion and contributes revenues of Rs90 billion per year to the national exchequer. It has also achieved an import substitution worth US$ 3 billion per annum and an exports volume of US$200 million per annum. Pakistan is already the cheapest source in the world for producing tractors, he added.

Syed Nabeel Hashmi, chief organizer of Pakistan Auto Show 2020, said: "This show has once again proved that it is the most resourceful, high-profiled event, playing a pivotal role in nurturing innovation, knowledge-exchange and collaborative ventures in the automotive industry.

Revolutionary ideas and technological concepts are shared at this vibrant platform by the world's foremost technology companies. Global Automobile Brands and experts enrich the deliberations, along with spare-parts manufacturers, component suppliers, Original Equipment Manufacturers (OEM vendors), automobile traders, investors, buyers and enthusiasts, who want to expand their business networks and knowledge-base."

Saad Sherani, SVC for PAAPAM, said that as the demand for automobiles is expected to rise continuously over the next 3-5 years, the big challenge for Pakistan is to nurture local assemblers and vendors and ensure rapid investments in capacity-building to meet the sharply rising demand.

He said the industry has already achieved a high level of localization, whereby it boasts: 75 percent to 96 percent localization in Cars and HCVs, tractors, motorcycles in three wheelers.

"We are delighted to see that the 2020 event received an overwhelming response from industry stakeholders, international large-scale buyers and diverse consumer segments as the exhibition featured a wide range of products including; cars, tractors, trucks, buses, 4X4, motorcycles, three wheelers and exotic cars.

Copyright Business Recorder, 2020

Comments

Comments are closed.

Pakistan Auto Show 2020 successfully concludes

At least five injured in explosion near Quetta Police Lines

Pakistan expresses unflinching support for Kashmiris on Solidarity Day

China's oil demand bounce may push producers to reconsider output: IEA

Foreign authorities seeking properties/bank accounts info: FBR won’t intimate concerned taxpayer about request

Maryam says PTI chief Imran should be thrown out of politics

Qatar sends envoy to Afghan capital to meet with Taliban

Qatar airport aims to beat passenger record

UK's shortest-serving PM Liz Truss blames economic 'orthodoxy' for downfall

Saudi non-oil private sector activity jumps in January on higher output, orders

India to ban Chinese-linked betting and loan lending apps