Sazgar Engineering Works Limited has said the three-wheeler manufacturing and assembly facility in the Philippines belongs to its distributor, not the company. Sazgar is providing technical assistance and support but has not invested equity in the plant.
Clarification follows social media reports
In a notice filed with the Pakistan Stock Exchange (PSX) on November 3, 2026, Sazgar addressed social media reports suggesting it had established, or was developing, a three-wheeler manufacturing project in the Philippines. The company said its distributor had set up the facility to manufacture and assemble Sazgar three-wheelers with its assistance.
Kit exports to support overseas sales
Sazgar said it expects the arrangement to lift three-wheeler exports and broaden its reach in international markets. Its role will include supplying completely knocked down (CKD) kits to the Philippines, which it said would contribute to Pakistan’s foreign exchange earnings.
Future investment would require disclosure
The company also outlined how it would report any later decision to take an equity stake in an overseas manufacturing facility. Whether such an investment concerned the Philippines or another foreign market, Sazgar said it would notify the PSX and the Securities and Exchange Commission of Pakistan (SECP) under the applicable regulatory requirements.
