IMC to invest $335m over five years

Indus Motor Company (IMC) Chief Executive Ali Asghar Jamali has said that Toyota has made a direct investment in Pakistan of $736 million in the past 35 years, and the company has planned to further invest $335 million over the next five years. These investments will make IMC the first automotive company in Pakistan to invest more than $1 billion in the automotive industry. "The company has also contributed approximately $6.3 billion in taxes to the national exchequer over the past three and a half decades, accounting for around 1% of total government tax collection annually," said Jamali while speaking at a ceremony to celebrate Toyota's 35 years in Pakistan, held at its manufacturing plant at Port Qasim. He added that today IMC's extensive network of dealers and suppliers supports more than 55,000 jobs across its value chain, where local parts makers supply over Rs210 million worth of ...