20th,February, 2020: Meeting of the Standing Committee on Industries and Production was held in Toyota  Indus Motors ,Karachi, under the chairmanship of Mr. Sajid Hussian Turi, MNA.

The Managing Director Indus Motors Company welcomed the Members and officials from GOP at IMC Head office , Karachi, the Committee paid its visit to different sections of the manufacturing plants of Indus Motors. The Committee witnessed the manufacturing process of vehicles under the supervision of well experienced local and foreign ( Japanese) engineers and workers. The Committee Members have shares their views for the improvements  of plant ,which was established in 1989  after visiting the plant, The Managing Director, IMC  briefed  the Committee about the historical background of the Company .He appraised the Committee about the different specifications of Cars launched by Indus Motors time to time in Pakistan, including some imported vehicles and upcoming versions of new cars . The Managing Director, responded the question raised by the Members regarding quality of products as compared to imported vehicles, the Committee expressed its satisfaction in this regard. However , Members have shown their concerns about the increase of cars price in the country.  The MD responded that high mark up rates of Banks loans, over burden of taxation and  Automotive Development Policy(ADP) 2016-21 were the major reason of low production in the Automotive sector, which also caused the price fluctuation in the market. Additional Secretary, Ministry of Industries informed that taxtation matters were taken up  earlier with Ministry of Finance and Revenue but they didn’t respond properly in last financial year, The Committee decided that an exclusive meeting may be convened with FBR, and Ministry of Finance to resolve the problems  of ACD, FED, shortly.

The Committee appreciated the role of Management for providing the good quality/ standards products in Pakistan and launching of new models of cars

The following members attended the meeting:
Mr Nasir khan Musa zai, Mr Muhammad Akram, Sahibzada Sibgatullah, Ms Sajida Begum, Mr Usama  qadri, Mr Muhammad Pervaiz malik, Mr. Riaz Ul haq, , Maher Irshad Ahmed khan Besides the senior officials from ministry of industries, PSM , INDUS  MOTORS COMPANY.