Inside Financial Markets

Pakistani manufactured Toyota Altis Cars handed over to Sri Lankan Police and Armed Forces

indusPakistani manufactured Toyota Altis Cars handed over to Sri Lankan Police and Armed Forces

100 Toyota Corolla (Altis) cars manufactured by Indus Motors Pakistan were handed over to the Sri Lankan Police and the Armed Forces in a ceremony held yesterday at the Ministry of Defence and Urban Development Sri Lanka.

The Secretary Defence and Urban Development Mr. Gotabaya Rajapaksa was the Chief Guest at the ceremony which was also graced by the High Commissioner of Pakistan in Colombo Maj Gen (R) Qasim Qureshi, Sri Lankan Army Commander Lt. Gen Daya Ratnayake and Inspector General of Police Sri Lanka, Mr. N.K. Illangakoon.

The event was also witnessed by Mr. Ali Asghar Jamali and Mr. Ismail Ahmed Sethi of Indus Motors as well as Defence Advisor Col. Shaheryar Parvez Butt and Press Attaché Mr. Daud Ehtisham.

The Toyota Corrola (Altis) cars are manufactured by the Indus Motor Company Limited (IMC), which is a joint venture between the House of Habib, Toyota Motor Corporation and Toyota Tsusho Corporation, Japan, for assembling, progressive manufacturing and marketing of Toyota vehicles in Pakistan since July 1, 1990.

The company was incorporated in Pakistan as a public limited company in December 1989 and started commercial production in May 1993. The shares of company are quoted on the stock exchanges of Pakistan.

IMC’s 105 acres production facilities located at Port Bin Qasim Industrial Zone near Karachi is a manufacturing site where both Toyota and Daihatsu brands are being manufactured.

Sanie Khan

Sanie Khan holds a deep knowledge of the financial markets in Pakistan. Based in Karachi, he has over 20 years of hands-on management experience in financial technologies and managing operations in the financial sector. He was the General Manager at the Pakistan Stock Exchange (PSX) for 17 years. He along-with senior members of Exchange

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Inside Financial Markets was a joint publication of Pakistan Stock Exchange (PSX)and Society of Technical Analysts Pakistan (STAP)