Sector Profile

Automotive and Auto-parts

manufacturing
 Sector Brief

Automobile
► Pakistan is home to the world’s sixth largest
population with a growing middle class. There are
2.8% Contribution to
GDP
approximately 17 million middle class households
and 102 million middle class individuals as of 2018. 6th largest population in the
world
► Pakistan’s Automobile industry contributes 2.8% to
its GDP and Rs. 30 billion to the national exchequer
207.8m
in terms of taxes and duties.

► There are 13 listed automobile companies on the Multinational

PSX (Pakistan Stock Exchange) which include Al-Ghazi Automobile
Tractors, Atlas Honda Ltd, Dewan Motors, Ghani Companies
Automobile, Ghandhara Ind., Ghandhara Nissan, 13 listed automobile
Ghandhara Diesel, Honda Atlas Cars XD, Hinopak companies on the
Motor, Indus Motor Co, Millat Tractors, Pak Suzuki Pakistan Stock
and Sazgar Eng. Exchange

► Pakistan’s automobile industry is one of the fastest

growing in Asia owing to growing domestic demand. +170%
The production and sales have grown by 171% and Production and
172.5% respectively between 2014 and 2018, much sales between 2014
of which has been fueled by the Automotive and 2018 grew by
Development Policy introduced in 2016. 171% and 172.5%
respectively
► On 19 March 2016, Pakistan introduced the
Automotive Development Policy 2016-21, which
offers tax incentives to new automakers to establish ADP
assembling plants in Pakistan. In response, various
car manufacturers/ assemblers have expressed their 2016-2021
interest in entering the market including, but not
limited to, Renault, Nissan, Kia, SsangYong,
Volkswagen and Hyundai.

► Keeping in view the strong domestic demand and an Major

attractive incentive policy, Renault and Hyundai have Automobile KIA
started setting up plants in Faisalabad and KIA has
selected Karachi to set up its facility. Nissan is also
brands setting up
their Assembling
Renault
planning its comeback with newer vehicle range. Plants in Pakistan Nissan
► The average annual FDI received in the automotive
sector between 2008 and 2018 has been $50m. $49.2m Foreign Direct
investment in
2018
 Market Structure and Dynamics

Broad level Structure:

1. Automobile Companies
2. Assembling and Manufacturing Units
3. Automotive Parts Manufacturing
4. Passenger Car market

Automobile Companies

There are 13 listed companies on PSX. These Assembling and

are Indus Motor Co (Toyota), Atlas Honda Ltd Manufacturing Units
(Honda), Pak Suzuki Motors (Suzuki), Dewan
Motors, Millat Tractors (Massey Ferguson),
Ghani Automobile, Ghandhara Ind., Ghandhara The Automobile industry comprises of assembly
Nissan, Al-Ghazi Tractors, Ghandhara Diesel, and manufacturing units for production of cars
Honda Atlas Cars XD, Hinopak Motor, Sazgar (3 units; 1 in Lahore, 2 in Karachi), tractors (8
Eng. units), trucks/buses (10 units), jeeps (2 units),
LCV’s/pickups/vans (8 units), two/three
wheelers (113 units).

Auto Parts Manufacturing Passenger Car Market

In the Passenger Car section, 1300 cc and

The downstream vending industry comprises of around above cars occupy the largest share
2,200 part manufacturers out of which 400-500 are in the (52%) followed by 800cc cars with (36%)
organized sector. There are two segments in the auto parts and 1000cc cars with (10%)
sector: Sales to OEM’s for the assembly of new cars, and
the replacement market. The OEM’s provide a blueprint
that is manufactured to exact specifications required by the
local firms.

There are several instances of technical collaboration of local

parts manufacturers with foreign firms . These collaborations
result in knowledge spill-overs in the production process and the
certainty of orders that allows the part manufacturers to
undertake investments. There is immense potential to invest in
spare parts for the automotive industry to serve the growing
production need of locally assembled automobiles.
 Trend analysis

Vehicle Sales Trend from 2014 to 2018 (with forecast) - Rapid Growth in Vehicle Sales

Vehicle Sales Trend from 2014 to 2018 by Vehicle Type – No. of Units

…..consistent growth in vehicle sales

with 2-3 wheelers leading the trend
 Trend analysis

Breakdown of Vehicle Sales (%) by Vehicle Type (2014-2018) – No. of Units

Exact Sales by Vehicle Type

Motorcycles &..
Cars
Farm Tractors
Pick-ups
Trucks
Jeeps
Buses

Difference Between Production and Sales Quantity (2014-2018) - No. of Units

Gap filled by
imported
vehicles

Production
 Trend analysis

The Market Share in % by Vehicle Make – No. of Units

motorbikes

Vehicle Sales Breakdown by CC Class – No. of Units

 Trend analysis – Motorcycles & Three-Wheelers

Motorcycles & Three-Wheelers - Sales Trend & Forecast (2014 to 2018) – No. of Units

Difference Between Production and Sales Quantity of Motorcycles & Three-

Motorcycles & Three-Wheelers (2014-2018) – No. of Wheelers Sales by Vehicle
Units Make – No. of Units

Production
 Trend analysis - Cars

Cars Sales - Trend & Forecast (2014 to 2018) – No. of Units

Difference Between Production and Sales Quantity of Car Sales by Vehicle Make –
Cars (2014-2018) – No. of Units No. of Units

Production
 Trend analysis – Farm Tractors

Farm Tractors – Sales Trend & Forecast (2014 to 2018) – No. of Units

Difference Between Production and Sales Quantity of Farm Tractors Sales by

Farm Tractors (2014-2018) – No. of Units Vehicle Make – No. of Units

Production
 Trend analysis – Pick-ups

Pick-ups – Sales Trend & Forecast (2014 to 2018) – No. of Units

Difference Between Production and Sales Quantity of Pick-ups Sales by Vehicle

Pick-ups (2014-2018) – No. of Units Make – No. of Units

Production
 Trend analysis - Trucks

Truck - Sales Trend & Forecast (2014 to 2018) – No. of Units

Difference Between Production and Sales Quantity of Truck Sales by Vehicle Make
Truck (2014-2018) – No. of Units – No. of Units

Production
 Trend analysis - Jeeps

Jeeps - Sales Trend & Forecast (2014 to 2018) – No. of Units

Difference Between Production and Sales Quantity of Jeeps Sales by Vehicle Make
Jeeps (2014-2018) – No. of Units – No. of Units

Production
 Trend analysis - Buses

Buses - Sales Trend & Forecast (2014 to 2018) – No. of Units

Difference Between Production and Sales Quantity of Buses Sales by Vehicle Make
Buses (2014-2018) – No. of Units – No. of Units

Production
 Opportunities & Reasons to Invest

Increase automotive Key highlight

production gradually by
The demand, i.e. sales has outgrown the
2021 to 3 Million Units
production in the first half of 2018.
Production

Increase manufacturing
(localization) from 22 %
to 30 % Automotive development
Manufacturing policy production goals
Employment
Increase Increase automotive production by 2021
direct and to:
indirect
employment  Cars/Vans/Jeeps: 350,000
from 2.4  LCVs: 79,000 units
million
Contribution
currently to 4 to GDP  Trucks: 12,000 units
million Increase contribution
 Buses: 2,200 units
to GDP from 2.3% to
4%.  Tractors: 88,000 units

Automotive Development Policy Goals  Motorcycles: 2,500,000 units

► Pakistan has 17 million middle class households and 102 million middle class individuals which represents a
huge market that is yet to be tapped completely.
► There is a consistent increase in disposable incomes in the rural-urban sectors.
► Auto financing has increased substantially, doubling from Rs.20 billion in 2014 to over Rs.40 billion year-to-
date in 2018.
► The Pakistani Auto industry has recorded a 171% growth rate in production and a 172.5% growth rate in Sales
between 2014 and 2018 which depicts the booming demand for automobiles in the country.
► The Automotive Development Policy (2016-21) has provided the much awaited fuel to the foreign automobile
companies to establish their plants in Pakistan. Market expansion is to be achieved by lowering entry
thresholds creating an investment conducive environment for foreign firms to enter the market and compete.
► Interventions under the China Pakistan Economic Corridor (CPEC) and other mega projects e.g. the Karachi –
Lahore Motorway provide a huge opportunity for the corporatization of the trucking sector by incentivizing
fleet operation schemes. The State Bank of Pakistan will dedicate funding at reduced interest rates to
enhance volumes of the industry.
► The entrance of transportation network companies Uber and Careem into the local market has spurred
vehicle purchases particularly for the 1000cc (and lower capacity) passenger cars.
 Sector Policy

Automotive Development Policy (2016-2021)

The salient features of this policy are:
• Lowered entry threshold for new investment
• Creation of an enabling tariff structure, reduction of import duty on
localized and non-localized components
• Rationalized automobile import policy;
• Establishment of Pakistan Automotive Institute (PAI) for research on
quality improvement, safety inspection and environmental
preservation as well as the development of a technical database.
• Truck financing by commercial banks and incentivized fleet
operations

Categories of New Investment

Greenfield Investment Brownfield Investment

Greenfield Investment is defined as the installation of Brownfield Investment is defined as revival of an existing
new and independent automotive assembly and assembly and/ or manufacturing facility that is non-
manufacturing facilities by an investor for the operational or closed on or before July 01, 2013 and the
production/ assembly of vehicles of a make not already make is not in production in Pakistan since that date. The
being assembled/ manufactured in Pakistan. [Note: revival is undertaken either independently by original
“Make” is defined as any vehicle of whatever variant owners or new investors or under joint venture
produced by the same manufacturer.] agreement with foreign principal or by foreign principal
independently through purchase of plant.

Duty-free import of plant and machinery for

setting up the assembly and / or
manufacturing facility on a one-time basis;
Import of 100 vehicle of the same variant in Import of non-localized parts at 10% rate of
CBU form at 50% of the prevailing duty for customs duty for a period of three years
market testing after ground breaking for the manufacturing of Cars and LCV’s;
Concessional rate of custom duty at 10% on Import of localized parts at 25% duty for a
non-localized parts for a period of five years for period of three years for the manufacturing of
the manufacturing of Cars and LCVs; Cars and LCVs;
Concessional rate of custom duty at 25% on Import of localized parts at prevailing
localized parts for a period of five years for the customs duty applicable to non-localized
manufacturing of Cars and LCVs; parts for manufacturing of trucks, buses
Import of all parts (both localized and non-
and prime-movers for a period of three
localized) at prevailing customs duty applicable
years;
to non-localized parts for manufacturing of
Import of non-localized parts at prevailing
trucks, buses and prime-movers for a period of
customs duty applicable to non-localized
three years;
parts for manufacturing of trucks, buses and
The existing policy for Motorcycle industry
prime-movers for a period of three years.
as approved by the government and notified
by FBR vide SRO 939(I)/2013 and SRO
940(I)/2013 shall continue;

Greenfield Brownfield
 Areas to Invest

The following vehicle types provide huge opportunities owing to the booming demand for automobiles
across the country.
.
Jeeps (4x4) Trucks

► As of April 2018 there has been a ► As of April 2018 there has been a
499% increase in sales of Jeeps 262% increase in sales of trucks
(4x4) when compared to sales in when compared to sales in April
April 2014. 2014.
► One standout feature has been the ► One Standout feature has been
sales of Toyota Fortuner which the sales of Hino trucks which
stand at an increment in sales by stand at an increment in sales by
1,666% as of April 2018 when 262% as of April 2018 when
compared to sales in April 2014. compared to sales in April 2014.

Motorcycles Pick-ups

► As of April 2018 there has been a ► As of April 2018 there has been a
193% increase in sales of 104% increase in sales of pickups
motorcycles when compared to the when compared to the amount of
amount of sales in April 2014. sales in April 2014.
► One standout feature has been the ► One standout feature has been the
sales of Honda Motorcycles which sales of Suzuki Ravi pickup vans
stand at an increment in sales by which stand at an increment in
124% as of April 2018 when sales by 83% as of April 2018
compared to the amount of sales when compared to the amount of
in April 2014. sales in April 2014.

Cars Tractors

► As of April 2018 there has been a

► As of April 2018 there has been a
87% increase in sales of tractors
89% increase in sales of
when compared to sales in April
passenger cars when compared
2014.
to sales in April 2014.
► One standout feature has been
► One standout feature has been
the sales of Millat tractors
the sales of Toyota Corolla which
(Massey Ferguson) which stand
stand at an increment in sales by
an increment in sales by 78% as
96% as of April 2018 when
of April 2018 when compared
compared to sales in April 2014.
sales in April 2014.
 Impact of CPEC

Trade route build under CPEC

will have a significant impact on
Pakistan’s automotive sector.

Incentives to
Chinese Cheaper
imports Greater need for
companies to 1 from China 2 transportation 3
start operations vehicles
in Pakistan

Long-term tax After the Pakistan will

concessions for development and become a trade
Chinese companies initiation of the hub that is located
operating at the One-Belt, One strategically in the
port of Gwadar on Road initiative, crossroads of Asia.
the Arabian Sea. Pakistan can import
Chinese companies automotive parts With Pakistan
will be exempt from and CKD kits from emerging as a
customs duty for 40 China at a cheaper possible transit
years for the cost, reducing the trade hub there will
importing of cost of production be a greater need
equipment and and increasing for transportation
materials used for competitiveness. vehicles, especially
the development of trucks and lorries
the port and free
zone.
 Auto parts

► The auto part industry supports the supply chain of the rapidly growing automobile
assembly industry in Pakistan.

► There is a significant diversity in the type of auto parts demanded and hence
immense opportunity and incentive to produce such parts in Pakistan. This is
especially true because of heavy tariff structure on imports of spare parts,
consequently incentivizing localization of parts.

► To support the auto parts industry, Pakistan Association of Automotive Parts &
Accessories Manufacturers (PAAPAM) was formed in 1988 to represent the industry
and to provide technical & management support to its members.
 Auto parts statistics and trends

Currently, only 4% of the During recent years, the

auto-parts manufactured in technology in this sector has
Pakistan are exported, developed significantly which
whereby the major export has led to an increased
market is Europe and Asia. growth rate.

Due to the lower cost of In a survey of auto part

production, Pakistan has a manufacturers in Pakistan,
competitive advantage in the 81% of the metal part
manufacturing or assembly of 2,283 spare part units manufacturers quoted
auto parts. in the country, 83 industrial automation as
assemblers and being the most significant
2,200 manufacturers. technological innovation that
There is a significant had an impact on them.
incentive to invest in the
ancillary services for the As per PAAPAM, 450 Other emerging technologies
automotive industry and parts manufacturers were as follows:
develop the end to end are Tier 1, 425 are • Pressure die casting
supply chain. Honda, Toyota Tier 2 and there are
and Suzuki are already 1,325 replacement • CO2 and spot welding
localizing a number of spare market suppliers. • Use of power hydraulic
parts used in the assembly of press
their vehicles.
Auto parts • Iron casting
manufacturing was
The influx of new automotive confirmed as a
companies to Pakistan will growing sector in a
lead to a higher demand for study conducted by
auto parts as there are the Punjab Skills
significant incentives for Development
localizing parts. Program. In their
The auto policy provides tax survey, they found
and duty incentives for 5 that 85% of the sector
years to the new entrants. experts project the
During these 5 years, these growth rate to be
new entrants will need to positive.
establish their supply chains
to compete with the existing
players in the market.
Therefore, there are
immense opportunities for
auto part manufacturers to
partner with these new
entrants to establish their
supply chains.
 Success Stories

Groupe Renault and Al-Futtaim Group Facility location

Pakistan is set to see the entry of another major auto player with the M-3 Industrial City in Special
announcement by Groupe Renault and Al-Futtaim that they have signed definitive Economic Zone Faisalabad.
agreements for the exclusive assembly and distribution of Renault vehicles in Expected to commence
Pakistan. production in 2020

► By partnering with Al-Futtaim, Groupe Renault aims to become a major “Renault is renowned for the
player in Pakistan. They aim to bring their latest products and cutting-edge safety and quality of its cars.
technology and set new benchmarks of safety and quality in the Pakistani We will bring cutting-edge
market. and leading European
► The agreements will see Groupe Renault bring its latest products and technology to the Pakistani
technological know-how, while Al-Futtaim, through its new subsidiary Al- consumer through a modern
Futtaim Automotive Pakistan (Private) Limited is establishing a new distribution and dealership
manufacturing and assembly plant, and will be exclusively distributing network,”
Renault cars. Yasser Alvi, CEO of the Al-
► The design and pre-engineering work of the project is well underway, and Futtaim Renault Pakistan
on-site activities will commence shortly. The formal launch of the facility’s project.
construction will be in the fourth quarter of 2018.
► Once construction work is completed, the assembly plant will have a total “Al-Futtaim is fully
installed capacity of over 50,000 units per annum. Al-Futtaim and Renault committed to the Pakistani
expect that the factory will commence production in 2020. market and to this project,”

Colin Cordery, Senior

Managing Director of Al-
Futtaim Automotive
International

Potential Vehicle Types that will be offered Capacity

Duster Captur Lodgy Pulse Kwid 50,000 units per annum

1 Automotive Development Policy (2016-2021)

2 Greenfield Investment

3 Renault
 Success Stories

Nissan Facility location

► The Company was incorporated in 1981 as a Private Limited M-3 Industrial City in Special
Company having the sale license for the distribution of Nissan Economic Zone Faisalabad.
vehicles in CBU condition in Pakistan, later in 1992 it was
converted in to a Public Company listed in Karachi Stock “We are confident that, with
Exchange. the close collaboration and
► support of the Pakistani
Nissan Motor Company Ltd, a Japanese multinational carmaker government, this will deliver
headquartered in Nishi-ku, Yokohama, struck a manufacturing and sustainable benefits for the
licensing agreement in March, 2018, with Ghandhara Nissan Ltd, national economy, customers,
its automotive partner in Pakistan, for local production of Datsun partners and Nissan.”
models. Now, both companies plan to work together to develop
Ghandhara’s facilities in Karachi’s Port Qasim in to a world-class
manufacturing plant.
Peyman Kargar, Senior Vice
President Nissan
► Ghandhara Nissan plans to launch production of Datsun model
cars in Pakistan with an investment of Rs 4.5 billion over the next
four years, while sales of the first locally built vehicles were
expected to begin within the fiscal year 2019 -20. Capacity
30,000 units per annum
► Ahmed Kuli Khan Khattak, CEO Ghandhara Nissan, said that this
agreement would introduce world-class facilities and the best of
Japanese engineering technologies.

► “Company’s share price has already increased close to 40% on

the news that it would launch Datsun vehicles,” said Faisal Jawed,
head of sales at IGI Securities.

1 Automotive Development Policy (2016-2021)

2 Brownfield Investment

3 Nissan
 Success Stories

Millat Tractors Ltd. Facility location

► Millat Tractors Ltd.is a Pakistani tractor manufacturer based Millat Tractors Limited
in Lahore, Punjab, Pakistan since 1965. It is the authorized assembler and Sheikhupura Road,
manufacturer of Massey Ferguson tractors in Pakistan. Shahdara Lahore.

► Millat Tractors was initially incorporated as Rana Tractors and Equipment “it is an outcome of the
Limited to import and market Massey Ferguson Tractors. In 1965, facilities company’s commitment to
were created in Karachi to assemble tractors from semi knocked down support the farmers and
kits. In 1967, operations were shifted from Karachi to Lahore. accelerate the pace of farm
► In 1982 the company took a giant step towards self-sufficiency by setting mechanization in the country”
up the first engine assembly plant in Pakistan. In 1984, sophisticated
manufacturing facilities for the machining of intricate components were
set up. These were previously not available in Pakistan. Sikandar Mustafa khan,
Chairman Millat Tractors Ltd.
► Currently, critical components like the engine block, sump, transmission
case, axle housing, hydraulic lift cover, front axle support and center
housing are all being machined successfully in-house at Millat Tractors
“the achievement of the
from locally sourced castings.
production and sales record
► In 1992 Millat Tractors plant started its in house production. The was a result of excellent team
establishment of this modern plant not only increased production capacity work within the company as
to 16,000 tractors per year on a single-shift basis. In the 2009-2010 well as all stakeholders,”
financial year, production shot up to 42,000 tractors, the highest sales of
tractors ever in Pakistan for any company at the time. Irfan Aqueel, CEO Millat
Tractors Ltd.
Product Offerings
Capacity
Tractors Industrial & Agricultural Spare
Commercial products Implements Parts 40,000 tractors per annum

MF 240 Forklift Truck Tine Tillers All

MF 260 Millat Generating Sets Agricultural

Loader
MF 350 Plus Prime Movers Tipping Trailer

MF 360 Turbo Offset Disc

harrow
MF 375 Post Hole
Digger
MF 385 Rice Puddler

MF 385 FWD JF 1300 Grass

head
MF 455 Jib Crane/Front
Blade
 Success Stories

Indus Motors Company Ltd. Facility location

► Indus Motor Company Limited (IMC) was incorporated in 1989 as a result Port Qasim, Karachi.
of a joint venture agreement among some companies of House of Habib
of Pakistan, Toyota Motor Corporation and Toyota Tsusho Corporation of “We don’t make cars, we make
Japan. people. Competition is always
► The Company assembles and markets Toyota brand vehicles in Pakistan. good. Today our products and
The main product offerings include several variants of the flagship services are compared with
‘Corolla’ in the passenger cars category, ‘Hilux’ in the light commercial those that are not available till
vehicles segment and the ‘Fortuner’ Sports Utility Vehicle. yet. This will give us a chance
► The manufacturing facility and offices are located at a 105 acre site in for further improvement”
Port Qasim Karachi, while the product is delivered to end customers
nationwide through a strong network of 45 independent 3S Dealerships
Ali Asghar Jamali, CEO IMC Ltd.
► In its 29 years history since inception, IMC has sold more than 760,000
CBU/CKD vehicles and has demonstrated impressive growth, in terms of
volumetric increase from a modest beginning of 20 vehicles per day “Start your own impossible.
production in 1993 to 240 units daily at present through the Toyota doesn’t want to remain
development of human talent embracing the ‘Toyota Way’ of quality and a car company but to emerge
lean manufacturing. as a mobility company, one
► Over the years, IMC has made large scale investments in enhancing its that embraces innovation and
own capacity and in meeting customer requirements for new products. challenges”
Today, Corolla is the largest selling automotive Passenger car brand
model in Pakistan and it also has the distinction.
Susumu Matsuda, President
► The Company has played a major role in the development of the entire Toyota Motor Asia Pacific,
value chain of the local auto industry and is proud to have contributed in DCEO China and Asia Region
poverty alleviation at the grass root level by nurturing localization that, in
turn, has directly created thousands of job opportunities and transferred
technology to over 60 vendors supplying parts. Capacity
54,800 units per annum

Vehicle Types Offered

Cars & MPV’s SUV’s & Pickups Buses & Vans
Corolla Rush Hiace

Prius Fortuner Coaster

Camry Hybrid 2018 Revo

Avanza Hilux E/Hilux Single

Cabin
Landcruiser/Landcr
uiser (Prado)
Landcruiser (Prado)
 Key information

Companies operating in Pakistan

► Al-Ghazi Tractors
► Atlas Honda Ltd
► Dewan Motors
► Ghani Automobile
► Ghandhara Ind.
► Ghand Nissan
► Ghandhara Diesel
► Honda Atlas Cars XD
► Hinopak Motor
► Indus Motor Co
► Millat Tractors
► Pak Suzuki
► Sazgar Eng.

Companies starting their operations in Pakistan

► Renault
► Nissan
► Hyundai

Important websites
► http://www.sbp.org.pk/
► www.cpec.gov.pk
► http://www.paapam.com/
► www.pama.org.pk
► https://www.atlashonda.com.pk/
► www.toyota-indus.com/?lang=en
► https://www.paksuzuki.com.pk/
 Bibliography

“| PAAPAM.” PAAPAM, www.paapam.com/

“Automotive Development Policy ADP (2016-21).” Automotive Development Policy ADP (2016-21)

http://www.engineeringpakistan.com/ADP%202016latest.pdf

“Toyota Indus.” Toyota Indus, www.toyota-indus.com/#tag

Khan, Aamir Shafaat. “Nissan Set for Second Try at Pakistan Auto Market.” DAWN.COM, 29 Mar. 2018,

www.dawn.com/news/1398232

Millat Tractors Limited.” Millat Tractors Limited RSS, www.millat.com.pk/?page_id=14

Pama. “Production & Sale of Vehicles.” PAMA - Pakistan Automotive Manufacturers Association,

www.pama.org.pk/statistical-information/historical-information/annual-sales-production.

Rana, Imran. “Renault Venture in Pakistan to Roll out Vehicles in 2020.

https://tribune.com.pk/story/1799282/2-renault-venture-pakistan-roll-vehicles-2020/

State Bank of Pakistan, www.sbp.org.pk/ecodata/index2.asp

“Pakistan Economic Survey 2017-18.” Finance.gov.pk, Economic Adviser’s Wing, Finance Division,

Government of Pakistan, www.finance.gov.pk/survey/chapters_18/Economic_Survey_2017_18.pdf

CPEC and Automotive Sector pf Pakistan , 2016

https://fp.brecorder.com/2016/10/2016100189627/
 Limitations

The information taken to prepare graphs and other statistics for analysis has been taken from credible
websites such as Automotive associations, State Bank of Pakistan and World Bank. Although we have
made all efforts to ensure that data is taken from credible sources, we have not tested the data for
reliability, accuracy or completeness.

The analysis was perform describing the strengths of the sector from investor perspective. As such,
improvement opportunities and matters for the attention of policy makers have not been highlighted as
such in this document.

The trend analysis conducted in this sector profile is based on data from April 2014 to June 2018, from
the Pakistan Automotive Manufacturers Association. The graphs have been prepared on a software
platform (Tableau). This software was used to conduct forecasts for the next 2 years as well, based on the
historical data. The graphs have been included as screenshots in this profile .

From an investor’s point of view, the information in this sector profile is incomplete in order to convince
someone to invest in Pakistan. Further sections need to be added to the actual website where these
value propositions will be uploaded, which shows all steps that need to be taken to invest, starting from
getting a visa, registering and starting a business, operating a business in Pakistan and other legal and
regulatory requirements.