AIRLINK 196.38 Increased By ▲ 4.54 (2.37%)
BOP 10.11 Increased By ▲ 0.24 (2.43%)
CNERGY 7.75 Increased By ▲ 0.08 (1.04%)
FCCL 38.10 Increased By ▲ 0.24 (0.63%)
FFL 15.74 Decreased By ▼ -0.02 (-0.13%)
FLYNG 24.54 Decreased By ▼ -0.77 (-3.04%)
HUBC 130.38 Increased By ▲ 0.21 (0.16%)
HUMNL 13.73 Increased By ▲ 0.14 (1.03%)
KEL 4.60 Decreased By ▼ -0.07 (-1.5%)
KOSM 6.19 Decreased By ▼ -0.02 (-0.32%)
MLCF 44.85 Increased By ▲ 0.56 (1.26%)
OGDC 206.51 Decreased By ▼ -0.36 (-0.17%)
PACE 6.58 Increased By ▲ 0.02 (0.3%)
PAEL 39.77 Decreased By ▼ -0.78 (-1.92%)
PIAHCLA 17.20 Decreased By ▼ -0.39 (-2.22%)
PIBTL 7.99 Decreased By ▼ -0.08 (-0.99%)
POWER 9.20 Decreased By ▼ -0.04 (-0.43%)
PPL 178.91 Increased By ▲ 0.35 (0.2%)
PRL 38.93 Decreased By ▼ -0.15 (-0.38%)
PTC 24.31 Increased By ▲ 0.17 (0.7%)
SEARL 109.27 Increased By ▲ 1.42 (1.32%)
SILK 1.00 Increased By ▲ 0.03 (3.09%)
SSGC 37.75 Decreased By ▼ -1.36 (-3.48%)
SYM 18.83 Decreased By ▼ -0.29 (-1.52%)
TELE 8.53 Decreased By ▼ -0.07 (-0.81%)
TPLP 12.14 Decreased By ▼ -0.23 (-1.86%)
TRG 64.76 Decreased By ▼ -1.25 (-1.89%)
WAVESAPP 12.11 Decreased By ▼ -0.67 (-5.24%)
WTL 1.64 Decreased By ▼ -0.06 (-3.53%)
YOUW 3.87 Decreased By ▼ -0.08 (-2.03%)
BR100 12,000 Increased By 69.2 (0.58%)
BR30 35,548 Decreased By -112 (-0.31%)
KSE100 114,256 Increased By 1049.3 (0.93%)
KSE30 35,870 Increased By 304.3 (0.86%)

KARACHI: The National Assembly’s Standing Committee on Industries and Production, led by Chairman Syed Hafeezuddin, visited Indus Motor Company (IMC) on Thursday for a comprehensive briefing on its operations. The delegation toured IMC’s state-of-the-art plant, witnessing its advanced manufacturing processes, localization efforts, and recent milestones.

The delegation included the following Members of the National Assembly; Shahid Usman, Kiran Imran, Dr. Mahesh Kumar Malani, Abdul Hakeem Baloch, Naz Baloch, Muhammad Iqbal Khan, Muhammad Saad Ullah. Muhammad Arshad Sahi and Dr. Mehreen Razzaq Bhutto attended the meeting virtually. The delegation was also accompanied by Asad Islam Malhani, Additional Secretary, Ministry of Industries and Production, along with Engr. Khuda Bukhsh, Chief Executive Officer, Engineering Development Board.

IMC has reaffirmed its commitment to localization in Pakistan’s automotive sector and highlighted further investment of PKR 4.1 billion in 2024. The development is planned to be completed in year 2026. This move bolsters the national economy, curtails import dependence, and generates employment opportunities and will further enhance IMC’s localization initiatives under “Make in Pakistan.”

Indus Motor temporarily halts production citing inventory shortage

The company has also expanded its global footprint by exporting Toyota Fortuner and Hilux vehicles to Oceania and raw materials to Egypt, becoming part of Toyota’s Global Supply Chain. Furthermore, IMC has sent Pakistani skilled human resource to Japan, enhancing the country’s reputation as a hub for skilled human resource.

Highlighting its commitment to innovation and sustainability, IMC has developed Pakistan’s first locally manufactured Hybrid Electric Vehicle, the Corolla Cross, with over 50% localized components. This underscores IMC’s dedication to the “Make in Pakistan” initiative and environmental sustainability. Chairman, Syed Hafeezuddin praised IMC’s achievements, emphasizing the importance of supporting the local auto industry for economic growth and job creation. He reiterated the government’s commitment to fostering a self-sufficient Automotive Manufacturing Sector. Ali Asghar Jamali, CEO of IMC, on the occasion said “We are pleased to host the Standing Committee on Industries and Production at IMC. Our ongoing investment in “Make in Pakistan” initiative is focused on job creation, reducing the burden on foreign payments, and contributing to the establishment of a sustainable automotive sector in Pakistan.

Copyright Business Recorder, 2024

Comments

Comments are closed.

Ch K A Nye Nov 23, 2024 08:32pm
The jokers just keep on joking.
thumb_up Recommended (0)