Governor Sindh, Muhammad Zubair, said that the government’s auto policy was aimed at encouraging new investment. He was talking to media in Karachi on the occasion of a ceremony regarding investment by Al Haj Hyundai Private Limited and South Korea’s Hyundai Motors. Muhammad Zubair termed this collaboration for investment as a good project and said that transfer of technology was an important aspect in this. PML-N Senator, Nihal Hashmi, and Consul general of South Korea, King Dong Ji, were also present on the occasion.
He further stated that the investment by the world’ fourth biggest firm augurs well. The Korean investment suggests that Karachi is ideal and attractive place for the investors. With the Korea’s international brand of Hyundai, the other brands would also come. He said that the multinational companies want to come up with investments here as the law and order situation is conducive for the investors. The government is also extending every assistance and complete cooperation.
The Governor said that the joint investment in the plant by the Al-Haj-Hyundai Private Limited would not only help meet the requirements of the country but the buses and trucks could also be exported to Bangladesh and Sri Lanka. He was of the view that the auto policy was not against anyone and was aimed at new investment in the auto-industry. The economy of the country is improving and the economic indicators are positive, he added.
Earlier, in his address to the ceremony the Governor said that with the improvement in foreign investment, there is a substantial headway in the economic sector. He was of the view that economic and commercial cooperation between Pakistan and Korea is in the interest of both the countries as well as the region. Muhammad Zubair pointed out that with the improvement in the law and order in the metropolis; the multi-national companies in Karachi are doing profitable business. There are immense opportunities for investment in the city and asked Hyundai and other multi-national companies to come up with further investments. The Governor said that it is our collective responsibility to ensure that Karachi secures its due position at the international level in the realms of economy.
The South Korean Consul General in his remarks said that his country has a strong auto industry. He was of the view that auto industry plays an important role towards enhancement of bilateral trade.
-Published on page#11, May-2017 edition of MOBILE WORLD Magazine