Recent Financial News in the 'auto-assembler' category
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Friday, April 24 2026
PSMC begins exporting Suzuki Cultus parts to Thailand
Pak Suzuki Motor Company Limited (PSMC) on Thursday announced that it has successfully begun exporting body parts of the Suzuki Cultus to Thailand, marking its first such export to the Thai market.
In an official communiqué, the company said it had achieved another significant milestone by exporting body parts to Southeast Asian Nations.
This development reflects Pak Suzuki’s growing contribution to Pakistan’s industrial exports and aligns with the Government of Pakistan’s strategic focus on export-led economic growth and integration into global automotive supply chains.
The export ceremony was witnessed by Pak Suzuki’s Managing Director, Hiroshi Kawamura, along with senior management and technical teams.
Speaking on the occasion, Kawamura highlighted Pak Suzuki’s longstanding history of exporting vehicles, auto parts, and accessories to Bangladesh, Nepal, Hungary, Vietnam, Germany, Japan, and Oman.
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Thursday, April 16 2026
Auto sector’s struggle persists despite growth potential
Pakistan’s automotive sector continues to face structural challenges, including policy inconsistency, low capacity utilization, and rising reliance on used car imports, even as it retains significant growth potential within the regional market.
These issues were discussed during a recent industry engagement hosted by Indus Motor Company, where company leadership shared insights on market trends and policy direction with a group of media representatives.
During the session, Chief Executive Officer of Indus Motor Company, Ali Asghar Jamali, presented insights into Pakistan’s automotive performance relative to regional peers. Pakistan remains one of only 16 countries worldwide capable of manufacturing passenger cars, light commercial vehicles, trucks, and buses.
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auto-assembler
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Wednesday, April 15 2026
Auto Policy likely to be unveiled on July 1
The Ministry of Industries and Production reviewed the draft ‘Auto Policy’, which is expected to be unveiled on July 1, 2026, and stated that the policy focuses on localization to help bring vehicle prices down.
In this connection, a meeting was held here on Tuesday under the chairmanship of Special Assistant to the Prime Minister (SAPM) on Industries and Production, Haroon Akhtar Khan, with a delegation of auto parts manufacturers to discuss the forthcoming auto policy and measures for strengthening the local industry.
The meeting was also attended by the Secretary of Industries and Production, Saif Anjum, and the CEO of the Engineering Development Board (EDB), Hammad Mansoor, along with other relevant stakeholders. During the meeting, detailed deliberations were held on the new auto policy, with a strong emphasis on the localization of auto parts manufacturing.
Related news categories:
auto-assembler
business
economic-indicators
psx
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