The automobile industry is one of the strongest pillar of the global economy and main driven force of macroeconomic growth, stability and advancement of technology in both developed and developing countries such as America, India, Japan and many others. The automotive industry makes 60 millions cars and trucks in a year and they are major stakeholders of the economy and also responsible of almost half of the world's ingestion of oil. The automotive industry direct manpower is about 4 million people and many more indirectly and it is called "Industry of Industries" and now one of the flourishing automotive sectors in Pakistan that helping Pakistan economy to boost and grow and we are presenting JW Forland as one of the leading automobile brand in Pakistan in help to support the people of Pakistan by providing them low cost and high efficient vehicles at economical price and also create massive carrier opportunities for the youth of Pakistan.
TY1: Pakistan economy is 23 largest economy in the world in term of purchasing the power parity and on number 38 in number of nominal gross domestic product, having population of over 207 millions and the given nominal GDP per capita is of $1,641 in 2018.
In 2018 World Bank predicted that Pakistan economy will rise up and "robust" about 5.4% due to huge foreign investment namely under CPEC and OBOR initiatives. In today's condition the economy of Pakistan has slowed down, devaluation of Rupee, increase in interest rat and also there seems some increase in the rate of inflation but as new government take charge of Pakistan economy, though there are trillions of difficulties, hurdles and massive blockage due to unfair, unstructured and biased policies of the previous governments' but the truth is Pakistan economy is recovering fro a growth which was wrought by short term debts and massive declining investments. The economy was in worst shape by the end of last year, 2018 but the government took some really good initiatives in two consecutive mini budgets that not so Mini in nature.
As 2019 has already been started and we all hope our economy will boost by foreign investment and government new stable policies, the government of Pakistan has already proposed second supplementary mini budgets for the fiscal year of 2019 under which they lifted the ban on purchase of 1300CC cars for non-filers. Though this is been the good initiative by the government of Pakistan to lift the ban on non-filers to purchase the passenger vehicles of up to 1300cc. Being in automotive industry and also the part of this economy, all the good efforts by any person or government should be appreciated.
This decision will help the local industry to grow and regain the declining sales volume and we are hoping government will also pay attention to the commercial vehicle and review their policy in near future. Commercial vehicles are for the customers who belong to the middle class family or lower middle class and bread runner for their families and due to restriction of purchasing commercial vehicles by the non-filers, give many people run out of money and slow down the production of many automobile manufacturing companies including local and international.
The sales volume has also decline of about 24 percent that is significantly affected the business of automotive sector, but yes there Is chance of improvement, there is beacon of hope that government will definitely support the commercial vehicle automotive manufacturer sector as well. We believe in unity, positivity and playing our role to boost up the economy of our motherland.-PR
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