PM Abbasi welcomes Volkswagen’s entry into Pakistan

Prime Minister Shahid Khaqan Abbasi applauded Volkswagen’s decision of investing and undertaking business ventures in Pakistan, assuring the world’s largest automaker of complete facilitation and support from the government.

Talking to Volkswagen Board of Management member Joseph Baumert, he annunciated the strengths of Pakistan’s economy and credited investor-friendly policies for an “economic turnaround” in the last four years.

In the past year, Lucky has announced a joint venture with Kia Motors, while Hyundai Motor Company also plans to set up a car assembly plant with textile group Nishat Mills.

PM also said that due to improved and enhanced road networks as a result of the China-Pakistan Economic Corridor (CPEC) project and greater spending on communication infrastructure, Pakistan offers great opportunities to international automobile companies to fill in the existing demand-supply gap through local production.

Abbasi expressed hope that Volkswagen would provide quality vehicles of international standards. On the other hand Baumert also articulated optimism towards a successful business venture in Pakistan. Other officials including Volkswagen’s head of overseas production Andreas Sprindler, head of Asia Pacific, Oliver Glaser, International Policy Foreign and Governmental Relations Klaus – Bo Steindorff and head of CKD Yuri Konushin, Premier Systems CEO Syed Arshad and Board of Investment secretary were present.

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