With the new automobile policy, foreign companies have been rushing to Pakistan to cash in on the new investment opportunities and this time it is MAN SE, a German truck maker.
Owing to the increased demand for heavy vehicles under the China-Pakistan Economic Corridor (CPEC), the German truck maker is looking to establish a plant in Pakistan.
The Automotive Development Policy (ADP) 2016-21 has opened many doors for investments in the country by providing benefits for companies to come and invest in the automobile sector. For years the industry has been monopolized by a few companies in Pakistan, this new dynamic hopefully will level the playing field.
Till now five major international car manufacturers have agreed to set up a local manufacturing plant in Pakistan, including Audi, Volkswagen, Renault, Hyundai, and KIA.
MAN SE reportedly has been eyeing the Pakistani market over five years. The company is expected to officially announce its decision within a couple of months.
It will likely enter into a partnership to establish an assembly plant near Port Qasim. National Logistic Cell (NEC) is also said to acquire vehicles from the German company as it is looking to replace its old fleet.