Ghandhara Nissan Limited (GNL) has signed an importer agreement with Renault Trucks SAS, France for import of heavy commercial vehicles.
According to a notification sent to the stock exchange, the company had already imported a few units from Renault, France in CBU condition for trial and testing purposes.
Last month GNL was awarded “Category-B Brownfield Investment Status” by the Ministry of Industries and Production under the Automotive Development Policy 2016-21.
Under the Brownfield status, Ghandhara Nissan would be allowed to import auto parts at discounted rates of customs duty for a duration of three years. The company will also be allowed to import parts not being manufactured in Pakistan at 10% customs duty and those being produced in Pakistan at 25% for production of light commercial vehicles and cars.
Full story: Profit
A 3d animation professional with over 20 years of industry experience having served in leading organizations & production facilities of Pakistan, an avid car enthusiast and petrolhead with an affection to deliver writings to help shape opinions. Formerly written for PakWheels as well as major publications including Dawn. Founder of CarSpiritPK.com