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‘Greenfield Investment Status’ has been granted to Sazgar Engineering Works

According to a notification submitted to the Pakistan Stock Exchange on Friday, Sazgar Engineering Works Limited has been granted ‘Category-A, Greenfield Investment designation’ by Pakistan’s Ministry of Industries and Production (PSX).

“We are pleased to inform you that the Pakistani Ministry of Industries and Production has granted our company Category-A ‘Greenfield Investment status’ and approved Great Wall Motors Company Limited as the second principal for the assembly manufacture of GWM HAVAL vehicles in addition to BAIC vehicles,” Sazgar Engineering Works Limited said in a filing on Friday.

By June 30, 2022, Sazgar aims to begin commercial manufacturing of GWM HAVAL vehicles.

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