AGL 38.02 Increased By ▲ 0.08 (0.21%)
AIRLINK 197.36 Increased By ▲ 3.45 (1.78%)
BOP 9.54 Increased By ▲ 0.22 (2.36%)
CNERGY 5.91 Increased By ▲ 0.07 (1.2%)
DCL 8.82 Increased By ▲ 0.14 (1.61%)
DFML 35.74 Decreased By ▼ -0.72 (-1.97%)
DGKC 96.86 Increased By ▲ 4.32 (4.67%)
FCCL 35.25 Increased By ▲ 1.28 (3.77%)
FFBL 88.94 Increased By ▲ 6.64 (8.07%)
FFL 13.17 Increased By ▲ 0.42 (3.29%)
HUBC 127.55 Increased By ▲ 6.94 (5.75%)
HUMNL 13.50 Decreased By ▼ -0.10 (-0.74%)
KEL 5.32 Increased By ▲ 0.10 (1.92%)
KOSM 7.00 Increased By ▲ 0.48 (7.36%)
MLCF 44.70 Increased By ▲ 2.59 (6.15%)
NBP 61.42 Increased By ▲ 1.61 (2.69%)
OGDC 214.67 Increased By ▲ 3.50 (1.66%)
PAEL 38.79 Increased By ▲ 1.21 (3.22%)
PIBTL 8.25 Increased By ▲ 0.18 (2.23%)
PPL 193.08 Increased By ▲ 2.76 (1.45%)
PRL 38.66 Increased By ▲ 0.49 (1.28%)
PTC 25.80 Increased By ▲ 2.35 (10.02%)
SEARL 103.60 Increased By ▲ 5.66 (5.78%)
TELE 8.30 Increased By ▲ 0.08 (0.97%)
TOMCL 35.00 Decreased By ▼ -0.03 (-0.09%)
TPLP 13.30 Decreased By ▼ -0.25 (-1.85%)
TREET 22.16 Decreased By ▼ -0.57 (-2.51%)
TRG 55.59 Increased By ▲ 2.72 (5.14%)
UNITY 32.97 Increased By ▲ 0.01 (0.03%)
WTL 1.60 Increased By ▲ 0.08 (5.26%)
BR100 11,727 No Change 0 (0%)
BR30 36,377 No Change 0 (0%)
KSE100 109,513 No Change 0 (0%)
KSE30 34,513 No Change 0 (0%)

Pakistan Association of Automotive Parts & Accessories Manufactures (PAAPAM) has invited Prime Minister's Adviser on Commerce, Textile, Industries and Production and Investment, Abdul Razak Dawood as the chief guest for inauguration of Pakistan Auto Parts Show (PAPS 2019) to be held on April 12, 2019.
The PAAPAM is the representative body of automobile vending industry of over 400+ organisations and more than 3000 SMEs units throughout the country. Hi-tech components are being produced for passenger cars, tractors, motorcycles, 3-wheelers, trucks and buses with localisation levels ranging from 70 percent in case of cars to over 90 percent in the case of tractors and two wheelers sector.
With a conservative estimate above Rs 2 billion investment and counting with the new entrants coming in competition, the industry provides direct employment to over 400,000 and indirectly supports over 2 million citizens. The Association hosts the auto show every year with a chapter in Lahore and Karachi. PAPS 2019 will be the largest showcase of local and international manufacturers', OEMs, after market, allied industry, machinery and raw material providers under one roof.
According to PAAPAM, it has invited the prime minister's advisor for inauguration of PAPS 2019 on April 12, 2019 at the Karachi International Expo Centre.
The Association is of the view that with the presence of adviser to PM at PAPS will undoubtedly go a long way in projecting the importance of the auto industry in Pakistan on a good scale. With the engineering auto sectors, largest gathering under one roof and adviser's presence to inaugurate the event shall elevate the industries moral and confidence.
This year more than 200 local and international exhibitors are participating which will make it the largest gathering till date for the depiction of engineering industry of Pakistan. Commerce Division's pavilion will be present with department such as Trade Development Authority of Pakistan (TDAP). The PAPS 2019 will also have raw material providers, academia, services provider, and most importantly, the newest OEMs.
"This year, we have the largest international participation ever since we launched this show, and this is all due to the CPEC initiatives of the government," said chairman PAAPAM Ashraf Shaikh and Mashood Ali Khan in an invitation letter to the adviser. It is pertinent to mention here that PAAPAM members are manufacturing parts to Suzuki, Toyota, Hyundai, Massey Ferguson, FIAT, Hino, Nissan, Isuzu and FAW.

Copyright Business Recorder, 2019

Comments

Comments are closed.