MG JW Automobile Pakistan has signed a Memorandum of Understanding (MoU) with Bangladesh’s RANCON Group to expand vehicle exports and strengthen automotive cooperation between the two countries.
Under the agreement, MG JW Automobile will export 100 locally assembled vehicles to Bangladesh this year, with total exports projected to reach 5,800 vehicles over the next four years.
The MoU was signed in Islamabad in the presence of Special Assistant to the Prime Minister on Industries and Production Haroon Akhtar Khan, who termed the agreement an important step toward increasing Pakistan’s automotive exports.
He said the partnership would help generate foreign exchange, promote local manufacturing, and support the government’s export-led industrial growth strategy.
The SAPM added that Pakistan is working on a new Auto Policy focused on boosting vehicle exports, increasing localization, attracting investment, and strengthening the automotive manufacturing base.
RANCON Group Executive Director Muhammad Mostafizur Rashid Bhuiyan said the partnership would introduce more competition in Bangladesh’s auto market while offering consumers access to quality vehicles from Pakistan.
MG JW Automobile CEO Jianqiang Shao reaffirmed the company’s commitment to expanding exports from Pakistan to regional and international markets.
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