President Asif Ali Zardari on Friday advised the government to expedite setting up motorcycle manufacturing plant to relieve pressure on public transport and facilitate the low income groups with an economical and affordable means of transport.
This he said during a meeting in the Presidency to review progress in the building of a motorcycle plant in Karachi by the Japanese manufacturer Yamaha. The meeting presided over by President Asif Ali Zardari was attended by Senior Minister for Industries Chaudhry Pervez Ilahi, M. Salman Faruqui, Secretary General to the President, Saleem H. Mandviwala, Chairman BOI, Secretary Industries Aziz Ahmed Bilour and Spokesperson to the President Farhatullah Babar.
Briefing the media Farhatullah Babar said that during President's visit to Japan and his meeting with Japanese investors and manufacturer, the Yamaha motorcycle company had shown interest in setting up a motorcycle manufacturing plant in Pakistan. He said that during Friday's meeting, it was informed that teams of Japanese manufacturer Yamaha had already visited Pakistan to firm up plans and proposals for manufacturing motorcycles in Karachi.
The President called for encouraging foreign investments in the country and to extend all possible facilitation to the foreign investors to take advantage of investment opportunities in the country. The President said that motorbike was an economical means of transport for low-income people and directed that all bottlenecks in the way of Yamaha investment and setting up manufacturing plant in Pakistan be removed on priority and the process be stepped up.-PR