IMC welcomes PAC’s initiative

KARACHI: The 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 has gone extra mile by working extra hours and improving the production process, which resulted in timely delivery of the orders.

The meeting was chaired by Hamid Yar Hiraj, while Minister for Production Riaz Hussain Pirzada was also present. The representatives from Ministry of Industries included its Secretary Shafqat Naghmi, Joint Secretary Abdul Sattar Khokhar, Engineering Development Board Chief Executive Officer Aitizaz Niazi 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.

IMC Resident Director Yasir Niazi 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 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 sub-committee chairman 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 sub-committee chairman 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.

Niazi greeted the announcement of the sub-committee chairman 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.