ISLAMABAD: The world’s well-known auto manufacturer, Volkswagen, has shown interest to introduce its brands in Pakistan.
According to a Board of Investment (BoI) official, Germany’s biggest and the world’s second largest automobile manufacturer in terms of market share, Volkswagen, wants to invest in Pakistan.
German Ambassador to Pakistan Dr Cyrill Nunn, while addressing a press conference, said that a 14-member delegation of Germany businessmen is visiting Pakistan including representatives of automobile company, Volkswagen.
The officials said that the three local assemblers have colluded and resultantly, on average, a locally-assembled car is roughly Rs500,000 expensive. They said that in allowing the new manufacturer to set up plants, the government has to amend its existing automobile policy, which the government has decided to change.
