More than 150 companies including a number of Chinese firms and Iranian automotive parts manufacturers are set to participate in the Pakistan Auto Show which is to be held in Karachi from 27th to 29th October 2023.
The show will have participation from various associations across the country, such as APTMA and PASPEDA for the first time to encourage interaction between the different sectors of the economy.
Also, several Chinese firms and Iranian auto parts manufacturers are marking their debut in the exhibition while some eminent participants who will showcase their innovations in the exhibition include Honda, SITECH, Crown Group, HACPL, and Ayesha Steel.
Besides, numerous governmental and trade entities such as the Engineering Development Board, Ministry of Commerce, SMEDA, PASPIDA, GDA, TMA, Trade Key, GDA, Auto Mark, Industrial Magazine, and Time’s Trade Directory have pledged active support and engagement in this significant endeavor.
The organizer Zain Shariq, who is also Convener of the Pakistan Association of Automotive Parts & Accessories Manufacturers (PAAPAM), said:
“The show is themed around ‘Synergizing Pakistan’ and the aim of the show is to highlight the hidden assets of the country in terms of value addition and manufacturing.”
He also shared that there will be a symposium about “Synergizing Pakistan” featuring prominent members of the academia and industry as panelists and presenters on the 28th. According to Zain:
“The aim of the symposium is for academics and intellectuals in the country to share their views on challenges and pathways for the manufacturing talent of the country to better position itself in the local and international markets.”
He went on to say that PAAPAM believes the automotive vendor industry is Pakistan’s strongest and most globally competitive manufacturing base, spanning every technology and material. Zain added:
“Our members are already exporting engineering goods manufactured locally to the tune of $200 million across 57 countries catering to various segments such as aftermarket auto parts, safety equipment, packaging, medical goods, engineered products, and subcomponents. Based on the 21-22 industry data PAAPAM facilitates an import substitution saving of 4 billion USD annually. The nation produced approximately 8 billion worth of vehicles across all segments against an import of only 4 billion USD.”
It is pertinent to mention here that the local auto parts manufacturing industry with 500,000 direct and 2.4 million indirect employment is among the top five tax-paying industries as its annual contribution is Rs 16 billion to the national exchequer while its contribution to foreign exchange is around $15 million. The exhibition is managed by Petrol Solution.
According to the organizers, Pakistan Auto Show (PAPS) 2023 is expected to draw a crowd of more than 100,000 visitors with its return to Karachi after the COVID-19 pandemic. If you’re interested and want to register for the event, you can visit their official website.
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