Paapam hails Millat tractors export initiative
LAHORE—The recent news about Millat venturing into export market has come as a pleasant surprise to the otherwise hard pressed and neglected sector by the government. Speaking on the occasion, Mumshad Ali chairman Pakistan Association of Automotive Parts and Accessories Manufacturers (PAAPAM) has termed it the best news of the year for the tractor industry, which is going through its worst year in more than a decade with tractor sales in constant decline over the last 5 years.
Ali hoped that this sale initiative will be able to offset the balance of drop in sales, due to lack of government support to the Pakistani farmer with regards to purchase of tractors. Not only will it give support to the dwindling exports from Pakistan, but will also put the country on the tractor exporter map. Tractor export shows the progress Pakistan has made in the high tech engineering sector which was nonexistent at the time of independence added Ali. LONDON: Mohammad Zubair Chairman Privatisation Commission, Syed Ibne AbbasHigh Commissioner of Pakistan for UK, Ali J Siddiqui-Chairman JS Bank Limited, Kamran Nasir-CEO JS Global Capital Limited, Muhammad Lukman CEO NCCPL along with other dignitaries present at the JS Global led Pakistan Investment Conference in London.
ISLAMABAD: Minister of State/Chairman Board of Investment Dr. Miftah Ismail in a meeting with MEP Amjad Bashir and Mep Jan Zahradil.