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Articles for tag: exports, industry, leather, manufacturing, sports goods, task force

BYD’s $150 Million Pakistan Assembly Plant Launches This Month; Targets 30% of EV Market by End-2026

China's BYD is set to begin assembling electric and plug-in hybrid vehicles at its new Pakistan plant this month, in partnership with Mega Motor Company — a subsidiary of Hub Power. The $150 million facility near Karachi will initially produce 25,000 units annually using semi-knocked-down kits, with non-electric components sourced locally. BYD is targeting a 30–35% share of Pakistan's growing EV segment.

August 21, 2024

News Desk

Sindh governor supports manufacturing sector

KARACHI: The Governor of Sindh, Kamran Tessori, has reaffirmed his commitment to support initiatives that promote the development of the manufacturing sector and contribute to the economic development of the country. During a visit to the Indus Motor Company (IMC) plant, Tessori lauded the company’s achievements in localization, its contribution to the local automotive industry and its impact on the national economy and employment generation. “It was a remarkable experience to visit Indus Motor and witness first-hand their state-of-the-art plant which has set a benchmark in the automotive industry of Pakistan,” he said. “The company’s significant capital and human resources

January 6, 2024

News Desk

India orders new drug manufacturing standards after deaths abroad

NEW DELHI: Indian pharmaceutical companies must meet new production standards this year, according to a government announcement released on Saturday, although smaller companies have asked for a delay, citing their debt. Shaken by a spate of deaths abroad linked to Indian-made drugs from 2022, Prime Minister Narendra Modi’s government has stepped up scrutiny of pharmaceutical factories to clean up the image of the $50 billion industry. “The manufacturer must take responsibility for the quality of medicinal products to ensure that they are suitable for their intended use, comply with the requirements of the license and do not put patients at

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