Paa­pam hails Mil­lat trac­tors ex­port ini­tia­tive

Pakistan Observer - - ECONOMY WAYCH - STAFF RE­PORTER

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.

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