KARACHI: A memorandum of understanding has been signed for the manufacturing of Chinese transport vehicles and related technology in Pakistan in order to reap benefits of the China-Pakistan Economic Corridor (CPEC). Rawal Industrial Equipment and Malik Group of Companies entered into the agreement. Malik Group of Companies Chairman and CEO Malik Khuda Bakhsh and Rawal Industrial Equipment CEO Farrukh Kamal signed the MoU. Speaking on the occasion, Kamal said the plant for the manufacturing of transport vehicles and related technology was being established at Daud Khel in Mianwali district, which was situated on the CPEC route. The assembly plant will start production by the end of current year. Moreover, Bakhsh said his company had entered into the agreement owing to massive demand for buses for public transport in urban areas of Sindh including specialised vehicles required for the proposed Bus Rapid Transit project in Karachi.
Published in The Express Tribune, April 19th, 2019.