Malpractice in automobile industry: Public Accounts Committee’s initiatives welcomed

Karachi, August 24, 2012 (PPI-OT): Indus Motor Company (IMC) spokesperson has welcomed the initiative of a sub committee of Public Accounts Committee (PAC) to consult the stakeholders regarding the challenges faced by auto industry.

The spokesman said that the meeting was in fact held in a very cordial environment and all the stakeholders in the industry vowed to work jointly to formulate a long term policy for achieving volumetric growth for the economic benefit of the country.

He said that the issue of malpractices in the industry was raised in the meeting but the auto industry representatives instantly clarified the issue in the meeting and PAC and other stakeholders were satisfied with their argument.

While clarifying the disparity between the sales and capacity figures, the spokesman said that to keep the customer satisfaction the top-most priority, IMC gone extra mile by working extra hours and improving the production process which resulted in timely delivery of the orders and at times there were cars available at the floors of showrooms which was duly advertised in newspapers and TV Channels also.

The meeting was chaired by Hamid Yar Hiraj, while Minister for Production Riaz Hussain Pirzada was also present. The representation from Ministry of Industries included Shafqat Naghmi, Secretary MoI, Abdul Sattar Khokhar, Joint Secretary, Aitizaz Niazi, Chief Executive Engineering Development Board and his team. The auto industry included senior executives from Metro Motorcycles, Pakistan Association of Automotive Parts Accessories Manufacturers (PAPAAM), Atlas Honda Motorcycles, Atlas Honda Cars, and Indus Motor.

Yasir Niazi, Resident Director IMC who represented IMC in the meeting said that he welcomes the time taken out by the PAC members to hold such an important meeting with the auto sector on Thursday to assure all the stakeholders that the government is a facilitator and that it does not intend to harm the flourishing industry or disturb the equilibrium of employment opportunities that it generates for the people of Pakistan.

He particularly hailed the suggestion of the chairman sub-committee who suggested that auto sector work jointly with the ministries of industries, commerce, and planning to deliver the best value proposition keeping the interest of the customer in mind.

The chairman sub-committee acknowledged that PAC is holding this meeting to alleviate the pressure of the consumer through providing the auto industry with recommendations of formulating a good policy for future. The chairman also acknowledged that there are vested interest amongst the legislators but there is a need for the government to be fair in the policies to deliver best value to the consumer.

Yasir Niazi greeted the announcement of the chairman sub-committee that the government needs to work with the auto industry to abolish the menace of ‘own money’. A working paper on the efforts to curtail ‘own money’ is to be devised in consultation with the auto industry to fight this phenomena and win the battle for a failure on this count should be considered as the failure of both the government and the industry.

“We welcome the suggestion of the committee that all stakeholders of the industry need to work towards providing best value, good and fair competition, and fight mafias plaguing the industry,” the IMC spokesperson added.

Hailing Secretary Ministry of Industries’ statement about the need to look at the effects of the imported vehicles on the local Industry, the spokesperson emphasized that in order to achieve good volumes and stable growth in the industry it is extremely important for the government to support the industry with long term policies.

For more information, contact:
Indus Motor Company Limited
Amir Shahzad
Cell: 0345-2382399
Tel #: (92-21) 34388569, 34521639, 34528342
Fax #: (92-21) 34543105.

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