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10-07-2007
The
China Commercial Automobile Company-Dong Feng
wants to introduce buses, trucks and pick-ups
in Pakistan according to the market demand.
Experts from both sides should work out a possibility
of a joint venture between Dong Feng and Pakistan
Automobile Company (PACO).
This
was stated by a delegation of Dong Feng Automobile
Co Ltd, which held a meeting with Minister for
Industries, Production and Special Initiatives
Jahangir Khan Tareen on Thursday. The minister
appreciated the delegation for showing interest
in Pakistan¡¯s auto sector. The Dong
Feng delegation is on a visit to Pakistan to
discuss the possibility of a joint venture with
PACO. The meeting was also attended by Shahab
Khawaja, Secretary for Industries, Production
and Special Initiatives, Engineering Development
Board (EDB), PACO and other senior officials.
The
meeting was held to discuss the possibility
and terms and conditions of the joint venture
between PACO and Dong Feng. Dong Feng¡¯s
representatives in their presentation told the
meeting that Dong Feng is one of the biggest
automobile manufacturers in China. Trucks, pick-ups
and buses are the main products of the company.
The Dong Feng delegation further said that they
want to introduce their products in Pakistan
according to the market demand.
It
was decided in the meeting that discussions
would continue between experts from both the
sides to work out a possibility of a joint venture
between Dong Feng and PACO. The minister assured
full cooperation and support to the Chinese
delegation and said that every effort will be
made to make this joint venture a success once
all the formalities and modalities are agreed
and settled. staff report.
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