The Pakistani government has rejected Audi’s plan of establishing an assembly-only plant in the country. This decision came as the final verdict from the Board of Investment (BOI), which had to cave in due to the numerous pressure for the existing local automakers who consider Audi as a threat.
BOI spokesman Shah Jahan Shah, while talking to a group of journalists said that government was not willing to make any revisions to the auto policy. Especially not under somebody’s influence as it would bring a bad name to the country globally.
“Pakistan has already been criticised for an inconsistent policy, therefore, the government is not in a mood to amend the policy under any pressure to accommodate some auto players,” – BOI spokesman Shah Jahan Shah
The request for Pak Suzuki Motor Company’s investment plan worth $460 million was also not approved. Shah also mentioned that international brand names like Renault, Ghandhara Nissan, Nishat Group, Kia and Hyundai had contacted and applied for incentives.