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Pakistan woos Renault-Nissan in push for auto investment

Reuters  |  ISLAMABAD 

By Drazen JorgicISLAMABAD (Reuters) - Pakistan is wooing foreign car makers like Renault-Nissan with generous import duties, but convincing them to set up factories will be an uphill challenge given fears about the country's long-term political stability and security.Pakistan wants to shake up its Japanese-dominated car market and loosen the grip of Toyota, Honda, and Suzuki, whose locally assembled cars are sold at relatively high prices but lag behind imported vehicles in terms of quality and specifications.To do that, analysts say, the government must convince manufacturers that the ...

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First Published: Fri, May 06 2016. 16:28 IST
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