karachi—A new Light duty Chinese Commercial Truck is going to start assembling from November this year at Sind Engineering (Pvt.) Limited under Contractual Assembly Agreement with M/s. Silver Seal International.
Anwar Iqbal, CEO Silver Seal International & Lt. Col (R) Syed Akbar Hussain, MD SEL & Chairman PACO signed the contractual assembly agreement, while Waseem Haqqie, Chairman Engineering Development Board, Ministry of Industries Production and Special Initiatives was the chief guest on the occasion. Association of Manufacturers of Parts for Automotives & Motorcycles (AMPAM) awarded a Gold Medal to Waseem Haqqie.
Wasim Haqqie, addressing the signing ceremony said Automotive industry has shown tremendous achievement in the last six years and Pakistani market is now flooded with locally assembled light and heavy duty vehicles. The automobile companies have confidence on Pakistani market and its positive results could be seen in terms of growth in auto sector share prices in the stock market. The locally manufactured cars have crossed 200,000 marks and the country is targeting 500,000 locally assembled cars annually. He said the country was now manufacturing parts, and 70 percent components of 800cc cars were being manufactured locally same as 65 percent of 1000cc and 55 percent of 1300cc. China always proved itself the closest friend of Pakistan and provided expertise in all fields to fulfill our local demands. The assembling of light duty truck was also a Chinese origin.
Lt. Colonel (Retd) Syed Akbar Hussain, Managing Director, Sindh Engineering Limited said that the government was trying to revive engineering production. The Sindh Engineering had built several projects but in the recent past its productivity was become very thin.
Anwar Iqbal, Chief Executive Officer, Silver Seal International said that his company has been engaged in numerous trading activities with China for the last ten years and now entered into local assembly of one ton light duty commercial trucks.
Liu Bangyin, Managing Director Chongqing Maxwell Hi-Tech Developing Limited, Hautwell Group, Chongqing China, the Chinese partner for Silver Seal International informed that they are also introducing light and heavy-duty commercial truck in CNG version and three-wheeler CNG auto rickshaw in Pakistan very soon. I feel proud to take this opportunity to work with our friend country Pakistan, and wish to work for the betterment of both countries by joining hand together with Pakistani friends.
“You are very well aware that before the last 7 to 8 years apanese products just because of economical prices dominated Pakistani auto industry. We, Peoples Republic of China are willing to provide more economical and reliable products to Pakistan, for which we are here today. You can realize that the Pakistani auto market has grown up around 30% in last 10 years and increasing day by day for which Chinese products contribution is a 40 percent to 50 percent. Mainly into two wheeler segments,” Liu added.

Source:-[pakobserver]