Pakistani Motorcycle Exports Likely to Start This Fiscal Year

KARACHI, Aug 8 Asia Pulse - After consuming enormous imported and locally manufactured motorbikes for a long time, the auto market is geared up to export 'made in Pakistan' two-wheelers in 2006-07.

A senior official said the government has extended duty drawback facility for motorcycle export incorporating it in the Trade Policy 2006-07 announced last month.

"After such facilitation, we expect that by the end of this fiscal, we would be able to export 100,000 motorbikes," Imtiaz Rastgar, Chief Executive Officer Engineering Development Board said.

"In the first phase, we will target the regional market in a bid to explore new areas for our engineering goods, as the EDB tries to bring more options for the local industry, which has potential to meet global demand for engineering goods."

He said the motorbike manufacturers were keen to enter into export venture but it depended purely on their production capacity, as the domestic market itself offered lucrative business opportunities to the local auto industry.

"One of our total seven manufacturers has prepared itself and hopefully it would mark the motorbike export from Pakistan with 100,000 pieces by the end of 2006-07," added Rastgar.

(PPI)

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