Friday, September 20, 2024

Pak Suzuki Begins Exports to Bangladesh, Afghanistan

Pak Suzuki Motor Company Limited has started exporting vehicles to Bangladesh and Afghanistan. This move is made possible with the help of the Special Investment Facilitation Council (SIFC).

CEO Hiroshi Kawamura shared this news during the opening of the Suzuki Vendor Cluster Area. He mentioned that Pak Suzuki has been exporting vehicles and auto parts, including to Japan, since 1997. This achievement highlights the high quality and global competitiveness of vehicles made in Pakistan.

Moreover, the Minister for Industries & Production, Rana Tanveer Hussain, officially opened the new Suzuki Vendor Cluster Area. This initiative aims to expand Pak Suzuki’s network of local suppliers, which will help improve efficiency and reduce costs by using a localized supply chain.

In addition, the Pakistan Credit Rating Agency Limited (PACRA) has confirmed Pak Suzuki’s credit ratings. The company has received a “AA-” rating for the long term and an “A1” rating for the short term, with a stable outlook. These ratings reflect Pak Suzuki’s strong position in the market and the support it receives from Suzuki Motor Corporation in Japan.

This expansion into new markets and the development of local supplier networks are significant steps for Pak Suzuki. They demonstrate the company’s commitment to growth and excellence, ensuring that Pakistani-made vehicles continue to be competitive on the international stage.

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