Pakistan has taken a big step in its auto industry. MG JW Automobile Pakistan signed a Memorandum of Understanding (MoU) with Bangladesh’s RANCON Group to export locally assembled MG vehicles.
The deal will start with 100 vehicles this year. Over the next four years, total exports are expected to reach about 5,800 cars. This marks one of the first large-scale shipments of passenger vehicles made in Pakistan.
Special Assistant to the Prime Minister on Industries and Production, Haroon Akhtar Khan, attended the signing. He called it a historic moment. Khan said the agreement shows Pakistan’s growing manufacturing strength and supports Prime Minister Shehbaz Sharif’s goal of turning the country into a regional production and export hub.
He noted that 17 car makers now operate in Pakistan. The government is also pushing electric vehicle batteries, local mobile phone assembly (already near 95 percent), and solar panel production. A new auto policy is being prepared to boost exports and local parts use.
RANCON Group officials welcomed the partnership. They said Pakistani-made cars meet international standards and will offer Bangladeshi buyers more choices. MG Pakistan CEO Jianqiang Shao stressed that strong local industry support helps create export opportunities.
This move helps Pakistan earn foreign exchange and expand beyond traditional exports like textiles. It shows that “Made in Pakistan” cars can compete in nearby markets.