A business and trade delegation of the America Pakistan Business Development forum (AMPAK-BDF) led by Farooq Mughal visited a local auto parts manufacturing company as part of their mission to collaborate with local industry.
Director Mehran Commercial Enterprises and auto sector expert Mashood Ali Khan briefed the delegation on how to increase engineering trade between the US and Pakistan.
Mughal stated that he is working to develop collaboration with Pakistani entrepreneurs in Georgia. He went on to say that they are looking to establish business growth opportunities in both countries, as well as to launch and actively participate in projects.
Mashood discussed establishing links between US and Pakistani companies for joint ventures and technology collaborations with SMEs aligned in large OEM supply chains.
“Our aim is to develop cooperation with SMEs in the US in order to achieve possible trade,” said Mashood. He added that there is a need to develop a portal of SMEs in the US for integration of Pakistan’s engineering industry for sub-contracting parts.
He stated that international businesses are looking for alternative manufacturing locations, so coming to Pakistan was a good idea.
He went on to say that auto parts manufacturers in Pakistan have developed in-house technology for sheet metal, forgings, castings, machining, rubber, plastics, electronics, jigs and fixtures, interiors, and so on.
Mashood also informed the delegation about the local auto industry’s localization and annual volumes.
“In the segment of cars we have up to 60 percent localization level with volumes up to 260,000 and capacity of 500,000,” said Mashood. He added that localization for tractors is about 90 percent with volumes of 33,000 and a capacity of 100,000.
AMPAK-BDF President Sheikh Imtiaz Hussain on the occasion said that their aim is to tie up the links between Pakistani and American businesses.
This visit was quite fruitful for us, and we are looking forward to business cooperation with local companies for auto parts exports to the US, he said.
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