Ina notice to Pakistan Stock Exchange Sazgar Engineering Works Limited has announced that it has been awarded “Category -A, Greenfield Investment status” by the Ministry of Industries & Production of Pakistan, notification issued to PSX said.
Moreover, the ministry has also approved China’s Great Wall Motors Company Limited as the second principle for the assembly/ manufacture of GWM “HAVAL” and “BAIC” vehicles.
The Company expects to commence commercial production of GWM “HAVAL” vehicles in Pakistan by June 30, 2022.
Sazgar Engineering Works is leading Rickshaw manufacturer in Pakistan having established brand. However, it has decided to venture into Car manufacturing and has allinced with chinese companies to launch Chinese Auto Brands in Pakistan.
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