Auto sector faces unprecedented decline in sale

KARACHI - Indus Motor Company Chief Executive Officer Parvez Ghias said the auto industry was experiencing an unprecedented decline in sale of automobiles.
He was speaking at second National Auto-Journalists Awards (NAJA) organised in Karachi on Thursday.

"We are meeting amidst a world economic recession and like most countries Pakistan is also passing through a challenging period and the auto industry specifically has faced an unprecedented decline in sales," he said.

He, however, said that with the government support it is expected that decline in the auto industry will be arrested and the industry will see some growth in coming years.

He highlighted that NAJA aims to identify best practices in the field of auto reporting and inculcate a competitive spirit in journalism, and IMC is proud to be a facilitator in this movement to encourage capacity building of local media and to give them momentum for continuous development in terms of professional and personal growth.

Meanwhile, Sindh Information Minister Shazia Murri said that city government at Karachi was being used to empower a parallel governmental system which is against the federal unity, so it has to be abolished, however some major changes in political set up are to be seen next year.

She was talking to the media at Pakistan's 2nd National Auto-Journalists Awards (NAJA) here at local hotel, where she hailed the city nazim's decision of taking back petition against CM Sindh and termed it a good gesture for the betterment of democratic process in the country and that there is no confrontation between the government and its allies. She further said that negotiation are being carried out among the political parties and government regarding local besides elections to be held at appropriate time and for that matter committees have been formed at provincial levels to help grass root political and social set up through local city governments not to build states with in a state sues.

 

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