• Contact Us
  • Privacy Policy
Thursday, September 21, 2023
  • Login
currentpak
No Result
View All Result
  • HOME
    • Contact Us
    • Privacy Policy
  • Pakistan
  • INTERNATIONAL
  • SPORTS
  • GADGETS
  • CURRENTJOB2022
  • Technology
  • HOME
    • Contact Us
    • Privacy Policy
  • Pakistan
  • INTERNATIONAL
  • SPORTS
  • GADGETS
  • CURRENTJOB2022
  • Technology
No Result
View All Result
currentpak
No Result
View All Result
Home Pakistan

Two Major European Car Companies to come to Pakistan

by Nimra Azhar
February 5, 2023
in Pakistan
0
Two Major European Car Companies to come to Pakistan

Two Major European Car Companies to come to Pakistan

0
SHARES
8
VIEWS
Share on FacebookShare on Twitter

Two Major European Car Companies to come to Pakistan

The unstable automotive market in Pakistan is about to welcome two car industry titans. In Hub, Balochistan, Premier Motors Limited (PML) is building a manufacturing facility where Volkswagen (VW) and Skoda cars would be domestically assembled.

Volkswagen and Skoda vehicles will be assembled in Pakistan by Premier Motors Limited. Moreover, Premier Motors is a certified CKD assembly partner of Volkswagen Group, the dominant manufacturer of German automobiles. PML’s parent firm, Premier Systems Private Limited, has helped the company establish a presence in the automotive industry.

Premier Motors Limited (PML) – completely knocked-down (CKD) assembly partner of the German auto giant, Volkswagen Group – has appointed AKD Securities Limited as its financial adviser for achieving financial close of its CKD assembly plant project in Pakistan. pic.twitter.com/Dp0lC4uG7X

— Harami Bajwa (@HaramiBajwa1) October 1, 2021

Since2006, the parent firm has been Pakistan’s sole importer and authorised dealer of Audi AG. Additionally, Premier Systems Pvt Ltd is an authorised importer of Audi vehicles in Bangladesh and Sri Lanka. By the middle of2023, PML will first introduce high-end Volkswagen and Skoda crossovers and SUVs to Pakistan. The project will likely cost $100 million.

Dr. Rüdiger Lotz, the general consul of Germany, went to the production facility that was still being built. He said that for the first time in Pakistan, PML and VW Group will domestically construct premium Skoda and VW vehicles. Despite having its headquarters in the Czech Republic, VW owns and runs Skoda Auto.

The plant will be finished by 2024 and will be able to generate 32,000 units annually, according to the details.

According to German Counsel, Pakistan needs foreign investments now more than ever. They will boost economic activity overall by increasing exports, creating jobs, and generating more revenue.

This is great news fot the automobile industry in Pakistan as two major European car companies to come to Pakistan.

Tags: Pakistan
Nimra Azhar

Nimra Azhar

Next Post
Wikipedia Unblocked in Pakistan After 3 Days

Pakistan blocks Wikipedia for blasphemy

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Arrest Made: Iqra University’s Alleged Impersonator Apprehended for Harassment of Female Students

by Currentpak
August 23, 2023
0
Iqra University's alleged impersonator arrested for harassment of female students
Pakistan

In a shocking turn of events, the alleged imposter posing as a director at Iqra University has been taken into...

Read more

Executive Passport Office’s Unannounced Extension of Passport Delivery Time Raises Concerns

by Currentpak
August 23, 2023
0
"Explore the consequences, reasons, and public response to the extended passport delivery duration. Learn about transparency and accountability in government services.
Pakistan

In a surprising development, the Executive Passport Office has silently extended the delivery time for passports, causing ripples of concern...

Read more

Lahore students to get free metro ride

by Nimra Azhar
March 12, 2023
0
Lahore students to get free metro ride
Pakistan

Lahore students to get free metro ride All students who wear uniforms will now receive free rides on Lahore's metro...

Read more

Undeveloped twin removed from girl’s skull

by Nimra Azhar
March 12, 2023
0
Undeveloped twin removed from girl's skull
international

Undeveloped twin removed from girl's skull In China, surgeons performed a surgical removal of a twin fetus from the head...

Read more
Iqra University's alleged impersonator arrested for harassment of female students
Pakistan

Arrest Made: Iqra University’s Alleged Impersonator Apprehended for Harassment of Female Students

by Currentpak
August 23, 2023
0

In a shocking turn of events, the alleged imposter posing as a director at Iqra University has been taken into...

"Explore the consequences, reasons, and public response to the extended passport delivery duration. Learn about transparency and accountability in government services.

Executive Passport Office’s Unannounced Extension of Passport Delivery Time Raises Concerns

August 23, 2023
Lahore students to get free metro ride

Lahore students to get free metro ride

March 12, 2023
Undeveloped twin removed from girl's skull

Undeveloped twin removed from girl’s skull

March 12, 2023
67% of Youngsters Want to Leave Pakistan

67% of Youngsters Want to Leave Pakistan

March 12, 2023
There Will Be No Samsung Galaxy S23 FE This Year 

There Will Be No Samsung Galaxy S23 FE This Year 

March 12, 2023
  • About
  • Advertise
  • Careers

© 2023 Current Pak

No Result
View All Result
  • HOME
    • Contact Us
    • Privacy Policy
  • Pakistan
  • INTERNATIONAL
  • SPORTS
  • GADGETS
  • CURRENTJOB2022
  • Technology

© 2023 Current Pak

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In