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$150 mn JW Forland auto assembly plant to be launched tomorrow: Asad Umar

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News Stories Posted by ARY News Digital Team

ISLAMABAD: Finance Minister Asad Umar on Thursday said the government’s ultimate goal is to make Pakistan a regional hub of the manufacturing of auto parts and automobiles.

In a tweet, he said the launching event of the $150 million Forland automobile assembly plant project will be held tomorrow.

“Launch event of the 150 million $ jw forland auto project tomorrow. Auto sector getting significant new investment. Ultimate goal is to make Pakistan a regional hub for manufacturing auto parts and ultimately automobiles. We must reverse the deindustrialization of Pakistan…”

Earlier this week, the minister announced the Suzuki Motors has expressed an interest in investing $450 million to expand car production in Pakistan.

He tweeted: “Excellent day from a foreign investment perspective. Global Chairman suzuki motors visited & expressed interest in investing 450 million$ to expand car production in Pak & worlds biggest energy company Exxon mobil re opened there office in Pak 27 years after leaving the country.”

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