ISLAMABAD: JW Forland has launched $150 million project to manufacture auto parts, automobiles cargo truck in Pakistan.
Addressing to the gathering Prime Minister Imran Khan welcomed the Chinese investment in automobile sector in Pakistan and said that it will be a technology transfer from China to Pakistan and progress only starts when the technology is transferred.
The Prime Minister said that following project will create 5,000 new jobs in Pakistan in the first phase. “PTI government is facilitating the foreign investors by all means to bring investment in Pakistan,” he added.
Imran Khan stated that technical schools will be formed, where the technicians will be able to acquire skills. “We will produce cars which can eventually be exported,” Khan underscored.
Earlier a day, Finance Minister Asad Umer said that the $150 million project with the ultimate goal to make Pakistan a regional hub for manufacturing auto parts and automobiles has been launched in Pakistan.
This is not the first time vehicles will be produced in Pakistan, but it is the first time vehicles will be produced for commercial use. Adam Group Company had produced and assembled the first car in Pakistan, Revo. The production has been discontinued now. The United Group produces rickshaws and has announced a plan to start assembling cats too.