ISLAMABAD: The French car manufacturer – Renault – will start assembling cars in Pakistan by 2018, the Board of Investment (BoI) revealed on Thursday.
“Renault has decided to invest in Pakistan. They will start assembling cars in Pakistan by 2018,” the BoI’s statement said and claimed Finance Minister Ishaq Dar’s hectic efforts and persuasionled to the outcome.
The Duster could be available at a price of around Rs2.5 million – which is even lower than the prices of 1500cc Japanese made cars, officials said. Renault will also introduce 1200cc cars to cater the Pakistanis’ needs, they added.
The French automaker Renault decides to invest in Pakistan. Showing it’s confidence in the new Auto policy and govt’s economic management. 1
— Miftah Ismail (@MiftahIsmail) November 3, 2016
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In a bid to change Pakistan’s Japanese-dominated car market and loosen the grip of Toyota, Honda and Suzuki – whose locally assembled cars are sold at relatively high prices but lag behind imported vehicles in terms of quality and specifications – the Finance minister earlier met with the car manufacturers’ representatives and offered attractive incentives and concessions to foreign investors.
