Pak Suzuki initiates vehicle exports to Bangladesh and Afghanistan with SIFC support

Pak Suzuki Motor Company Limited (PSMC) has commenced exporting vehicles to Bangladesh and Afghanistan, thanks to the facilitation efforts of the Special Investment Facilitation Council (SIFC).

The announcement was made by PSMC’s CEO, Hiroshi Kawamura, during the inauguration of the new Suzuki Vendor Cluster Area.

Since 1997, Pak Suzuki has been exporting vehicles and auto parts, including software and motorcycle accessories, to Japan. This recent expansion underscores the competitive quality of Pakistani-made vehicles on the global stage.

During the inauguration, Minister for Industries & Production, Rana Tanveer Hussain, highlighted that the new Suzuki Vendor Cluster Area aims to broaden Pak Suzuki’s network of local suppliers. This initiative is expected to enhance operational efficiency and reduce costs through improved localised supply chain management.

In related news, the Pakistan Credit Rating Agency Limited (PACRA) has affirmed Pak Suzuki’s credit ratings, maintaining its long-term rating at “AA-” and its short-term rating at “A1” with a stable outlook.

PACRA attributes these ratings to Pak Suzuki’s strong business profile and its significant standing among leading auto OEMs in Pakistan. The ratings are further bolstered by the support from Suzuki Motor Corporation, Japan (SMC-Japan), which provides extensive backing to the company.