Prime Minister Imran Khan Friday performed the ground-breaking of a US 100 million dollars automobile manufacturing and assembly unit, that besides the regular models would also produce electric vehicles.
As investment from China, the MG Motors company will start local production in Pakistan by mid-2021 Motors and in the first phase will launch three SUVs, the MG-HS, MG-ZS 1.5, and MG ZS EV, a fully electric vehicle.
Addressing a ceremony here, the Prime Minister said China was Pakistan’s biggest ally in industrialization and was supporting the country in achieving its goals of economic prosperity through industrial development.
He said Pakistan could learn a great deal from China, as its economic model best suited the country. He said China developed its industry, created economic trade zones, and attracted foreign investment to generate wealth, which it ultimately spent on poverty alleviation.