Indus Motor Company begins export of vehicles

Indus Motor Company (IMC) announced the milestone achievement of exporting vehicles manufactured in Pakistan during a ceremony held at the company’s manufacturing facility at Port Qasim Authority on Wednesday. The company revealed plans to export the Toyota Fortuner, Hilux and Corolla Cross models to Oceanian countries. In a notice to the stock exchange, IMC tempered expectations by noting that the “financial benefits from this export activity are minimal” and that “the impact on our overall business remains insignificant and immaterial”. Commenting on the achievement, Indus Motor Company CEO Ali Asghar Jamali attributed this success to the vision of former chairman Ali Suleman Habib. “Once, Toyota had asked its partners in all the countries it was operating in about their dreams. Ali Habib said it was his dream for Pakistan to become an exporter of vehicles. That dream has now become a reality,” he stated.