Monday, February 26, 2024

Pakistan Becomes 4th Largest Bike Manufacturer In The World: Imran Khan

Recently, Prime Minister Imran Khan met with notable industrialists and businessmen in Islamabad. During the meeting, the Prime Minister said that Pakistan has surpassed China as the world’s fourth largest bike manufacturer.

Regarding the auto industry, Khan stated that tractor exports had climbed by 10%, with the country producing 90% of the parts.

However, this is not the first time the premier has quoted  the bike industry’s apparent success. Last year, Pakistan’s prime minister claimed that in the fiscal year 2020-2021, the country saw the highest number of motorcycle sales in its history.

He said that the country’s low-income segment is making improvement, citing record-breaking motorcycle sales as evidence. Because motorcycles are known as “aam admi ki sawari,” or “common man’s ride,” the PM claims that rising motorcycle sales indicate “aam admi” empowerment.

Meanwhile, the prices and sales of bikes indicate otherwise. Bike companies raised prices many times in 2021. According reports, Honda increased prices seven times, Yamaha five times, and Suzuki increased prices of their bikes by four times.

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