Anti-Corruption

Total Page:16

File Type:pdf, Size:1020Kb

Anti-Corruption Communication on Progress 2019 Report STATEMENT OF CONTINUED SUPPORT Hinopak Motors Limited has been maintaining its commitment for the past thirteen years and yet promises to reflect it in it principles, standards and policies in future as well. With great pleasure I present our twelfth, comprehensive Communication on Progress (COP). Although Hinopak is facing severe challenges in business activities due to economic crises, yet trying to fulfill its commitment of giving back to society. This report endorses Hinopak’s commitment towards UNGC principles of Human Rights, Labour, Environment and Anti-corruption. I sincerely thank our employees and stakeholders for their contribution towards company’s sustainable development and request them to continue their efforts with more zeal and patience in supporting our initiatives. YOSHIHIKO NANAMI President & CEO May 31, 2019 Hinopak Motors Limited Human Rights Hinopak Motors Limited UNGC Communication on Progress 2019 Organizational Profile GRI Ref. No. 2.1 Name of the Organization Hinopak Motors Limited Assembly, manufacturing and sales of Hino Trucks and 2.2 Primary brands, products, and/or services. Buses and Sales of Hino Genuine Parts. Operational structure of the organization, Hinopak is a subsidiary concern of Hino Motors Limited 2.3 including main divisions, operating Japan and Toyota Tsusho Corporation. companies, subsidiaries, and joint ventures. 2.4 Location of organization’s headquarters. Karachi, Pakistan Number of countries where the organization operates, and names of countries with either 2.5 major operations or that are specifically One (Pakistan) relevant to the sustainability issues covered in the report. 2.6 Nature of ownership and legal form. Public Limited Company The company serves markets of Pakistan and some of the Middle East & African countries. Markets served (including geographic 2.7 breakdown, sectors served, and types of Types of customers include: customers/beneficiaries). 1. Institutional customers 2. Commercial customers Number of Employees as on March 31, 2019 = 376 (978 including contract and contractor’s employees) For following refer to Annual Report 2018-19 available at: http://www.hinopak.com/finance.htm Scale of the organization 2.8 Net sales (2018-19)= Rs. 19.1 billion Total capitalization = Rs. 3.6 billion (0% Debt, Surplus funds) Quantity of Products Produced (2018-19) - Hino Chassis: 2,850 - Bus and other specialized bodies: 822 - Hilux Frame: 10,377 Significant changes during the reporting 2.9 None period regarding size, structure, or ownership. 1. Certificate of Excellence award in Automotive Sector 2019 by Management Association of Pakistan (MAP) Awards / citations received during the 2.10 reporting period 2. EFP Best Practices Award in Occupational Health and Safety 2019 (OSH) 3. Horticultural Society of Pakistan /Annual Award 2019 ISO 14001:2004 Certified Management Systems ISO 9001:2008 Certified OHSAS 18001:2007 Certified 1 Hinopak Motors Limited Human Rights Hinopak Motors Limited UNGC Communication on Progress 2019 - Employers’ Federation of Pakistan (EFP) - Overseas Investors Chamber of Commerce & Industry (OICCI) - Federation of Pakistan Chamber of Commerce and Industry (FPCCI) Affiliations / Memberships - Management Association of Pakistan (MAP) - Pakistan Automotive Manufacturers Association (PAMA) - S.I.T.E. Association - Pakistan Japan Business Forum (PJBF) - Pakistan Society for Training & Development (PSTD) - Marketing Association of Pakistan Report Parameters 3.1 Reporting period for information provided 1 June 2018 ~ 31 May 2019 1. UNGC Communication on Progress (COP): 09 June 2018 3.2 Date of most recent previous report/s 2. Annual Report 2018-19 3.3 Reporting cycle Annual Ahsan Waseem Akhtar General Manager HR, Admin & HSE [email protected] Contact point for questions regarding the Nabila Mujahid Faisal 3.4 Section Manager Health, Safety & Environment report or its contents [email protected] Sabira Agha Associate HRD & OD [email protected] Governance, Commitments and Engagement Board of Directors (Highest Governance Body) Board Committees: The Audit Committee is responsible for: a. Determination of appropriate measures to safeguard company’s assets; Governance structure of the organization, b. Review of quarterly, half-yearly and annual including committees under the highest financial statements of the Company, prior to the 4.1 governance body responsible for specific approval of the Board of Directors; tasks, such as setting strategy or organizational oversight. c. Review of management letter issued by external auditors and management’s response thereto and monitor the action plan to improve the control environment; d. Review of the scope and extent of internal audit and ensuring that the internal audit function has adequate resources and is appropriately placed within the Company; e. Ascertaining that the internal control system 2 Hinopak Motors Limited Human Rights Hinopak Motors Limited UNGC Communication on Progress 2019 including financial and operational controls, accounting system and reporting structure are adequate and effective; f. Instituting special projects, other investigations on any matter specified by the Board of Directors, and to refer any matter to the external auditors or to any other external body; g. Monitoring compliance with relevant statutes and best practices of corporate governance. The Human Resource & Remuneration Committee is responsible for: a. Recommending human resource management policies to the board; b. Recommending to the board the selection, evaluation, compensation (including retirement benefits) and succession planning of the CEO; c. Recommending to the board the selection, evaluation, compensation (including retirement benefits) of CFO, Company Secretary and Head of Internal Audit; and d. Considering and approving on recommendations of CEO on such matters for key management positions who report directly to CEO. Refer to performance indicator ref. no. LA13 for details on the BOD and the Audit Committee. 4.2 Chair of the highest governance body Chairman (Non-Executive Director) For organizations that have a unitary board Refer to performance indicator ref. no. LA13 structure, state the number and gender of 4.3 members of the highest governance body that The Board of Directors has 9 members; where 6 are non- are independent and/or non-executive executive directors. members. Shareholders: Mechanisms for shareholders and employees - Annual General Meeting (AGM) 4.4 to provide recommendations or direction to the highest governance body. Employees: - Suggestion Boxes (located at conspicuous places around the company premises) 3 Hinopak Motors Limited Human Rights Principle 1: Businesses should support and respect the protection of internationally Human Rights proclaimed human rights; and Commitment: Hinopak Motors Limited is committed to Principle 2: make sure that they are not complicit in human rights abuses. respecting and protecting the dignity of people in all its areas of operations. All stakeholders are assured of sincere efforts to uplift conditions with regard to health and safety, provide sound labour-management relations and participate in human resource/community development. Furthermore, Hinopak is committed to avoiding complicity of human rights abuses in all its areas of operation. Policies, Systems, Processes and Programs Besides the policies and processes detailed in previous COP documents (published since 2006) the following actions were initiated/emphasized on during the reporting year under each process/system with respect to the Human Rights principles: A. HEALTH & SAFETY SYSTEMS . Healthy & Safe Working Environment - 5,708 training man-hours achieved under staff training Picture 1: Health test camp for skin diseases. on occupational HSE. - Health awareness session on “Skin diseases” was conducted in which 80 employees participated. - Hinopak arranged medical test camp for skin diseases in October 2019 for employees. Total 132 employees were checked (ref picture 1 ) - Health awareness session on “Influenza, its cause, prevention & control” was conducted in September 2019 in which 120 employees participated. - 9th Safety Conference was held in May 2019 in order to enhance safety culture in the company. (ref picture 2) Picture 2: Group Photo on 9th Health & Safety - Announced mock drills held for both manufacturing Conference facilities and the head office staff to assess organizational readiness to cope with emergencies. ERP teams include rescue, firefighting, spill etc (ref picture 3) - As per our OHSAS Policy, every year, both Canteen staff and drivers go through medical checkups to ensure they are fit for the job. This year, 24 drivers, and 18 Canteen staff went through these tests, which includes CBC, Urine DR, Anti HCV, Eye Test, Chest PA, HBs Ag & HIV to name some. - To raise knowledge, awareness and skills amongst school students about road safety issues, road safety Picture 3: Picture taken during mock drill activity awareness sessions titled ‘Hino Aagahi’ were 4 Hinopak Motors Limited Human Rights conducted in several government schools in Karachi, educating 100 children (ref picture 4) . Monitoring & Awareness - Monthly Safety Patrolling by Top Management, in order to visually check safety issues of both the plants and to show their seriousness towards implementation of safety policies. - Daily safety monitoring/patrolling around the assembly and manufacturing facilities being done through the Safety Administration Team (SAT).
Recommended publications
  • Contacts in Japan Contacts in Asia
    TheDirectoryof JapaneseAuto Manufacturers′ WbrldwidePurchaslng ● Contacts ● トOriginalEqulpment ● トOriginalEqulpment Service トAccessories トMaterials +RmR JA払NAuTOMOBILEMANUFACTURERSAssocIATION′INC. DAIHATSU CONTACTS IN JAPAN CONTACTS IN ASIA OE, Service, Accessories and Material OE Parts for Asian Plants: P.T. Astra Daihatsu Motor Daihatsu Motor Co., Ltd. JL. Gaya Motor 3/5, Sunter II, Jakarta 14350, urchasing Div. PO Box 1166 Jakarta 14011, Indonesia 1-1, Daihatsu-cho, Ikeda-shi, Phone: 62-21-651-0300 Osaka, 563-0044 Japan Fax: 62-21-651-0834 Phone: 072-754-3331 Fax: 072-751-7666 Perodua Manufacturing Sdn. Bhd. Lot 1896, Sungai Choh, Mukim Serendah, Locked Bag No.226, 48009 Rawang, Selangor Darul Ehsan, Malaysia Phone: 60-3-6092-8888 Fax: 60-3-6090-2167 1 HINO CONTACTS IN JAPAN CONTACTS IN ASIA OE, Service, Aceessories and Materials OE, Service Parts and Accessories Hino Motors, Ltd. For Indonesia Plant: Purchasing Planning Div. P.T. Hino Motors Manufacturing Indonesia 1-1, Hinodai 3-chome, Hino-shi, Kawasan Industri Kota Bukit Indah Blok D1 No.1 Tokyo 191-8660 Japan Purwakarta 41181, Phone: 042-586-5474/5481 Jawa Barat, Indonesia Fax: 042-586-5477 Phone: 0264-351-911 Fax: 0264-351-755 CONTACTS IN NORTH AMERICA For Malaysia Plant: Hino Motors (Malaysia) Sdn. Bhd. OE, Service Parts and Accessories Lot P.T. 24, Jalan 223, For America Plant: Section 51A 46100, Petaling Jaya, Hino Motors Manufacturing U.S.A., Inc. Selangor, Malaysia 290 S. Milliken Avenue Phone: 03-757-3517 Ontario, California 91761 Fax: 03-757-2235 Phone: 909-974-4850 Fax: 909-937-3480 For Thailand Plant: Hino Motors Manufacturing (Thailand)Ltd.
    [Show full text]
  • Master List of DTP Participants
    Institute of Business Administration, Karachi Center for Executive Education Directors' Training Program Certification Year - No Program Name Designation Organization No. Certitied CCL Pharmaceuticals 215 IBA/DTP - 0213 2019 Dr. Shahzad Khan Chief Operating Officer CCL Pharmaceuticals Pvt Ltd Pvt Ltd 216 IBA/DTP - 0214 2019 IBA-Karachi Faisal Jalal IBA Faculty IBA-Karachi 217 IBA/DTP - 0215 2019 Self Lubna Pathan Director own Business 218 IBA/DTP - 0216 2019 Indus Clean Energy Masood Hasan Khan Head of Commercial Indus Clean Energy 219 IBA/DTP - 0217 2019 Avanceon Limited Naveed Ali Baig Director Avanceon Limited Senior Executive Vice President - 220 IBA/DTP - 0218 2019 Premier Insurance Nina Afridi Premier Insurance Head of HR & Administration 221 IBA/DTP - 0219 2019 Hinopak Motors Ltd. Yoshihiko Nanami President & CEO Hinopak Motors Ltd. 222 IBA/DTP - 0220 2019 Hinopak Motors Ltd. Shigeru Tsuchiya Executive Vice President Hinopak Motors Ltd. Vice President & Director 223 IBA/DTP - 0221 2019 Hinopak Motors Ltd. Takehito Sasaki Hinopak Motors Ltd. Production Vice President & Chief Financial 224 IBA/DTP - 0222 2019 Hinopak Motors Ltd. Fahim Aijaz Sabzwari Hinopak Motors Ltd. Officer 225 IBA/DTP - 0223 2019 Hinopak Motors Ltd. Naushad Riaz Vice President Hinopak Motors Ltd. 226 IBA/DTP - 0224 2019 Hinopak Motors Ltd. Syed Samad Siraj Deputy General Manager Hinopak Motors Ltd. 227 IBA/DTP - 0225 2019 Hinopak Motors Ltd. Muhammad Zahid Hasan Deputy General Manager Hinopak Motors Ltd. 228 IBA/DTP - 0226 2019 Hinopak Motors Ltd. Ahsan Waseem Akhtar Senior Manager HR, Admin & HSE Hinopak Motors Ltd. 229 IBA/DTP - 0227 2019 Hinopak Motors Ltd. Abdul Basit Departmental Head Finance Hinopak Motors Ltd.
    [Show full text]
  • Hinopak Motors Limited List of Shareholders Not Provided Their Cnic S.No Folio No
    HINOPAK MOTORS LIMITED LIST OF SHAREHOLDERS NOT PROVIDED THEIR CNIC S.NO FOLIO NO. NAME Address NO. OF SHARES Amount Payable C/O HINOPAK MOTORS LTD.,D-2, 1 12 MIR MAQSOOD AHMED S.I.T.E.,MANGHOPIR ROAD,KARACHI., 120 6,426 FLAT NO. 6, AL-FAZAL SQUARE,BLOCK- 2 13 MR. MANZOOR HUSSAIN QURESHI H,NORTH NAZIMABAD,KARACHI., 120 6,426 FLAT NO.19-O, IQBAL PLAZA,BLOCK-O, NAGAN CHOWRANGI,NORTH 3 18 MISS NUSRAT ZIA NAZIMABAD,KARACHI., 20 1,071 H.NO. E-13/40,NEAR RAILWAY LINE,GHARIBABAD, 4 19 MISS FARHAT SABA LIAQUATABAD,KARACHI., 120 6,426 R.177-1,SHARIFABADFEDERAL 5 24 MISS TABASSUM NISHAT B.AREA,KARACHI., 120 6,426 52-D, Q-BLOCK,PAHAR GANJ, NEAR LAL 6 28 MISS SHAKILA ANWAR FATIMA KOTTHI,NORTH NAZIMABAD,KARACHI., 120 6,426 171/2, 7 31 MISS SAMINA NAZ AURANGABAD,NAZIMABAD,KARACHI-18. 120 6,426 C/O. SYED MUJAHID HUSSAINP-394, PEOPLES COLONYBLOCK-N, NORTH 8 32 MISS FARHAT ABIDI NAZIMABADKARACHI, 20 1,071 FLAT NO. A-3FARAZ AVENUE, BLOCK- 9 38 SYED MOHAMMAD HAMID 20GULISTAN-E-JOHARKARACHI, 20 1,071 B-91, BLOCK-P,NORTH 10 40 MR. KHURSHID MAJEED NAZIMABAD,KARACHI. 120 6,426 FLAT NO. M-45,AL-AZAM SQUARE,FEDRAL 11 44 MR. SALEEM JAWEED B. AREA,KARACHI., 120 6,426 A-485, BLOCK-DNORTH 12 51 MR. FARRUKH GHAFFAR NAZIMABADKARACHI. 120 6,426 HOUSE NO. D/401,KORANGI NO. 5 13 55 MR. SHAKIL AKHTAR 1/2,KARACHI-31. 20 1,071 H.NO. 3281, STREET NO.10,NEW FIDA HUSSAIN SHAIKHA 14 56 MR.
    [Show full text]
  • The Automotive Sector in Pakistan
    Final Report THE AUTOMOTIVE SECTOR IN PAKISTAN TABLE OF CONTENTS LIST OF ACRONYMS 1 EXECUTIVE SUMMARY 4 CHAPTER 1: INTRODUCTION 9 1.1. Terms of Reference 9 1.2. History of the Sector 10 1.3. Review of Literature 12 CHAPTER 2: THE AUTOMOTIVE SECTOR 16 2.1. Coverage 16 2.2. Sizing of the Sector 16 2.3. Contribution To The Economy 26 2.4. Demand Analysis 32 CHAPTER 3: POLICY AND REGULATORY FRAMEWORK 34 3.1. TRIMS 34 3.2. Investment Policy 36 3.3. Trade Policies 38 3.4. Tariff Policy 39 3.5. Auto Industry Development Programme 43 3.6. Policy and Standards 44 CHAPTER 4: EXTENT OF EFFECTIVE PROTECTION 45 4.1. Methodology 45 4.2. Results 46 4.3. Recommendations on Tariff Reform 47 CHAPTER 5: ASSESSMENT OF COMPETITION IN THE SECTOR 52 5.1. Methodology for Assessing Degree of Competition 52 5.2. Measure of Extent of Competition 53 5.3. Assessment of Competition in the Automotive Sector 54 CHAPTER 6: PROFILE OF THE SAMPLE OF VENDORS 58 6.1. Objectives of the Survey 58 6.2. The Sample 58 6.3. Legal Status 61 ii 6.4. Membership of Associations 61 6.5. Investment and Capacity 62 6.6. Turnover 63 6.7. Employment 63 6.8. Cost Structure 64 6.9. Gross Profit and Value Added 64 CHAPTER 7: KEY ISSUES IN THE VENDING INDUSTRY 66 7.1. Impact of Tariff Protection 66 7.2. Extent of Competition 70 7.3. Degree of Competitiveness 71 7.4. Factors Influencing Growth 71 7.5.
    [Show full text]
  • India-Pakistan Trade: Perspectives from the Automobile Sector in Pakistan
    Working Paper 293 India-Pakistan Trade: Perspectives from the Automobile Sector in Pakistan Vaqar Ahmed Samavia Batool January 2015 1 INDIAN COUNCIL FOR RESEARCH ON INTERNATIONAL ECONOMIC RELATIONS Table of Contents List of Abbreviations ................................................................................................................... iii Abstract ......................................................................................................................................... iv 1. Introduction ........................................................................................................................... 1 2. Methodology and Data .......................................................................................................... 2 3. Automobile Industry in Pakistan ......................................................................................... 3 3.1 Evolution and Key Players............................................................................................ 4 3.2 Structure of the Industry ............................................................................................... 6 3.3 Production structure ..................................................................................................... 7 3.4 Market Structure ........................................................................................................... 8 4. Automobile Trade of Pakistan............................................................................................ 10 4.1 Import
    [Show full text]
  • Financial Analysis of Toyota Indus Motor Company
    Financial Analysis of Toyota Indus Motor Company 2017 Financial Analysis of Toyota Indus Motor Company Financial Year 2011-2016 Ayesha Majid Lahore School of economics 5/1/2017 Financial Analysis of Toyota Indus Motor Company i Table of Contents Preamble .................................................................................................................... 1 Categories of Financial Ratios Analysed ................................................................ 1 Limitations .............................................................................................................. 2 Toyota Indus Motors................................................................................................... 3 Company Profile ..................................................................................................... 3 Financial Profile ...................................................................................................... 3 Introduction ............................................................................................................. 4 Mission Statement ............................................................................................... 5 Vision Statement ................................................................................................. 5 Slogan ................................................................................................................. 5 Quote Summary as on 1st May 2017 .......................................................................... 6
    [Show full text]
  • Monthly Magazine
    Issue 6, January 2007 With circulation of over 31,000+ copies every month Monthly Magazine Pakistan Rs. 50 U.A.E. AED 5 International US$ 5 )NTERVIEWWITH 'ET TOGETHERS (YUNDAI$EWAN-OTORS 3POTTED %XPLAINING#64 (OW2ADIATORS7ORK www.pakwheels.com January 2007 www.pakwheels.com January 2007 www.pakwheels.com January 2007 safaa.u.t.o.m.o.b.i.l.e.s Deals in all kinds of New and Used Automobiles R 111/2, Khalid Bin Walid Road, Block 2, P.E.C.H.S. Karachi. Ph: 4529256, 4388788, 4388799 Fax: 4559642 E-mail: [email protected] www.pakwheels.com January 2007 www.pakwheels.com January 2007 3)2%.(/2.3%2)%3 !,!2-,)'(43%2)%3 ,)'(4"!23%2)%3 Editors Note FASCOMCOM % MAILAUTOLINE &AX #ELL 4EL -!*INNAH2OAD +ARACHI ' 2IMPA0LAZA (EAD/FFICE ,%$LIGHT Editor #ARELECTRONICHORN Well, well this time with the celebrations of New Year we’ve tweaked our traditional cover story from wheels into wheels! YES, Superbikes is ,%$ what we have featured this month, though most of them are stock but still hell fast. This issue, along with our usual stuff, we did an interview Jag 8$ ! with Hyundai Dewan Motors CEO and MD so make sure you have a look at it. 5LTRA THINREVOLVINGLIGHTBAR To fill the missing gap we have included quite a few more short articles for your reading pleasure for which we have been receiving Associate Editor complains that there are too less of articles – also a regular review of Imported Toyota Corolla can be found on page 0! Sania Zafar 4"$ '! $ 3TREETEAGLE,%$LIGHTBAR Usually December is a slow monthly mainly due to end of the year with Christmas & Eid coming up.
    [Show full text]
  • A Global Brand for All Customers
    A GLOBAL BRAND FOR ALL CUSTOMERS ANNUAL REPORT 2018 A Global Brand For All Customers As a Global Brand, our Company is focused on enriching the world for present and future generations by providing means of carrying people and goods safely and efficiently. We provide customers with products optimally suited to their needs, and we help our customers make the most of their HINO trucks and buses by providing comprehensive follow-up service in the spirit of “Total Support.” Contents 03 Vision 04 Mission Statement / Corporate Strategy 07 Basic Principles of Hinopak Code of Conduct 08 Company Information 10 Our Organogram 14 Board of Directors 20 Management Team 22 Board / Functional Committees 26 Managing Director & CEO Message 27 Deputy Managing Director Message 28 Chairman’s Review 34 Hinopak Values 36 Directors’ Report 40 Financial Highlights 45 Statement of Value Addition and its Distribution 46 Corporate Social Responsibility 60 Statement of Compliance 62 Review Report on Statement of Compliance 63 Financial Statements 96 Pattern of Shareholding 98 Notice of Annual General Meeting Proxy Form A Global Brand For All Customers 02 Hinopak Motors Limited VISION The vision of Hinopak Motors Limited is to provide the society with safe, economical, comfortable and environment friendly means of transportation by manufacturing and supplying commercial vehicles and services. Annual Report 2018 03 MISSION STATEMENT / CORPORATE STRATEGY TO PURSUE OUR VISION, WE COMMIT OURSELVES: • To our individual, institutional and international customers: to deliver high quality, safe, durable, reliable, comfortable, environment friendly and economical products and services to their total satisfaction. • To our employees: to foster corporate culture of mutual trust, respect for fundamental human rights at work, opportunities for professional growth and personal welfare so that they are proud of being a member of the "Hinopak Family".
    [Show full text]
  • An Overview of Trends in the Automotive Sector and the Policy Framework
    Working paper An Overview of Trends in the Automotive Sector and the Policy Framework Automotive Sector in Pakistan Phase I Report Hafiz Pasha Zafar Ismail January 2012 TABLE OF CONTENTS LIST OF ACRONYMS 1 CHAPTER 1: INTRODUCTION 3 1.1. Terms of Reference 3 1.2. History of the Sector 3 1.3. Review of Literature 6 CHAPTER 2: THE AUTOMOTIVE SECTOR 11 2.1. CoverAge 11 2.2. Sizing of the Sector 11 2.3. Contribution To The Economy 21 2.4. DemAnd AnAlysis 27 CHAPTER 3: POLICY AND REGULATORY FRAMEWORK 29 3.1. TRIMS 29 3.2. Investment Policy 31 3.3. TrAde Policies 33 3.4. Tariff Policy 34 3.5. Auto Industry DeveloPment ProgrAmme 38 3.6. Policy and StAndArds 39 CHAPTER 4: EXTENT OF EFFECTIVE PROTECTION 40 4.1. Methodology 40 4.2. Results 41 4.3. RecommendAtions on TAriff Reform 42 CHAPTER 5: COMPETITIVENESS ASSESSMENT OF THE SECTOR 47 5.1. Methodology for Assessing Degree of ComPetition 47 5.2. MeAsure of ComPetitiveness 48 5.3. Assessment of ComPetitiveness of the Automotive Sector 49 REFERENCES 54 APPENDICES ApPendix – ChaPter 1 9 ii LIST OF TABLES Table 2.1: Indicators of Size of the Automotive Sector from the CMI of 2005-06 12 Table 2.2: Number of Units in 2011 According to AssociAtions 13 Table 2.3: RePorted CAPAcity of OEMs And RAtes of UtilisAtion 13 Table 2.4: EstimAted Levels of Production of Different TyPes of Vehicles, 2000-01 to 2010-11 16 Table 2.5: InternAtionAl CompArison of Production of Vehicles 17 Table 2.6: Recent Trends in Prices of CArs, 2008 to 2012 18 Table 2.7: EstimAted Turnover in 2009-10 in different Sub-sectors 19 Table
    [Show full text]
  • Automobile Industry Updated 27 Jan 2010!
    Automobile Industry updated 27 Jan 2010! Compiled by: Mirza Rohail B Pakistan is an emerging market for automobiles and automotive parts offers immense business and investment opportunities. The total contribution of Auto industry to GDP in 2007 is 2.8% which is likely to increase up to 5.6% in the next 5 years. Total gross sales of automobiles in Pakistan were Rs.214 billion in 2006-07 or $2.67 billion. The industry paid Rs.63 billion cumulative taxes in 2007-08 that the government has levied on automobiles.There are 500 auto-parts manufacturers in the country that supply parts to original equipment manufacturers (PAMA members). Auto sector presently, contributes 16% to the manufacturing sector which also is expected to increase 25% in the next 7 years, as compared to 6.7 percent during 2001-02.Vehicles’ manufacturers directly employ over 192,000 people with a total investment of over $ 1.5 billion. Currently, there are around 82 vehicles’ assemblers in the industry producing passengers cars, light commercial vehicles, trucks, buses, tractors and 2/3 wheelers. The auto policy is geared up to make an investment of $ 4.09 billion in the next five years thus, making a target of half a million cars per annum achievable. Government of Pakistan had undertaken two major initiatives in the form of National Trade Corridor Improvement Program (NTCIP) and Auto Industry Development Program (AIDP) for the development of the automotive industry in Pakistan. Engineering Development Board (EDB) is actively implementing the AIDP to increase the GDP contribution of the automotive sector to 5.6%, boost car production capacity to half a million units as well as attract an investment of US$ 3 billion and reach an auto export target of US$ 650 million.
    [Show full text]
  • Overview Association Major Players
    Brief on Automotive Sector Overview The auto sector is considered the sixth largest manufacturing sector in Pakistan and is therefore of prime importance to the economy of Pakistan. Pakistan’s automotive industry started with an automobile plant set up by General Motors in 1949. To achieve 75 per cent local content levels, auto manufacturers started to look for local sourcing. They also started to provide auto parts manufacturers with technical assistance to ensure quality and uninterrupted supply, which led to the development of the auto vending industry. Pakistan automobile industry is the sixth largest manufacturing sub‐sector with annual contribution of 2.8 percent in GDP. Automotive sector still thrives to make significant contribution to the domestic economy in form of foreign investments, foreign exchange earnings, employment, and revenue generation. Association • Pakistan Automotive Manufacturers Association (PAMA) • Pakistan Association of Automotive Parts & Accessories Manufacturers (PAAPAM) Major Players Pak Suzuki Co. Ltd Atlas Honda Ltd. Indus Motor Co. Ltd. Plum Qingqi Motors Ltd. Honda Atlas Cars (Pakistan) Ltd. Fateh Motors Ltd. Sigma Motors Ltd. Ravi Automobile Pvt. Ltd. Ghandhara Industries Ltd. Sazgar Engineering Works Ltd. Ghandhara Nissan Ltd. Orient Automotive Industries Pvt. Ltd. Master Motor Corporation Ltd. Eiffel Industries Ltd. Millat Tractors Ltd. Yamaha Motor Pakistan Pvt. Ltd. Al-Ghazi Tractors Ltd. United Auto Industries Pvt. Ltd. Hyundai Nishat Motor Pvt. Ltd. Hinopak Motors Limited Ghandhara DF (Pvt) Ltd. Fuso Master Motor Pvt Ltd. Afzal Motors Pvt Ltd PM Auto Industries Daewoo Pak Motors (Pvt) Ltd. Al Haj FAW Motors (Pvt) Ltd. Al-Ghazi Tractors Ltd MTW Pak Assembling Industries (Pvt) Ltd.
    [Show full text]
  • Final Newsletter 1
    Formed a Digital Consumer Lending ACHIEVEMENTS Partnership ARTICLES Winner of the “Best bank for Environmental, Social Agreement with Google and Abacus To Be a Great Leader, You Have to Learn How to and Governance” Award Delegate Well Partnership with Thardeep Micronance Representing Pakistan at the UN HQ for the What is Open Banking? Prestigious Hult Prize Foundation The First bank in Pakistan to be approved by Green Partnership with HinoPak Motors Limited Climate Fund Pakistan Board Strategic Partnership with Atlas Honda Shaheen Complex Karachi crosses 100 PMYBL Strategic Partnership with Ali Akbar Group Careem Vehicles in less than 2 months! Strategic Partnership with Dysin Automobile CRBG's Terric Achievement in Consumer Limited Financing - Over Rs. 500 Million for the Month of August 2017 Partnered with PakWheels.com - Pakistan's #1 Automotive Portal Joined Pakistan Business Council SPONSORSHIPS INITIATIVES Distinguished Gentlemen’s Ride JS Raabta Current Account Market Storming – Pan Country! Karachi Biennale 2017 - Pakistan's Largest Contemporary Art Event Implementation of Foreign Exchange Sales Blotter 56th National Amateur Golf Championship Facilitated SBP’S Green Banking Initiative CORPORATE SOCIAL Tremendous Launch of JS Islamic Active Allocation Fund – Plan I! RESPONSIBILITY JS Elite Clients’ Corporate Shows for the Mahvash and Jahangir Siddiqui Foundation Quarter – Mulzim ya Mujrim and Date Night Collaborated with European Academy of Diplomacy for the Third Time in a row PARTNERSHIPS AND Mahvash and Jahangir Siddiqui Foundation
    [Show full text]