Islamabad, July 31, 2026: Pakistan’s automobile exports received a boost as MG JW Automobile Pakistan and Bangladesh’s RANCON Group signed a Memorandum of Understanding (MoU) to export Pakistan-manufactured vehicles to the Bangladeshi market.
According to the Ministry of Industries and Production, the agreement provides for the export of 100 vehicles to Bangladesh during the current year, with total exports projected to reach 5,800 vehicles over the next four years.
The partnership is expected to expand the range of vehicles available in Bangladesh, promote healthy competition in the automobile market and offer consumers greater choice at competitive prices. It is also aimed at strengthening economic cooperation between Pakistan and Bangladesh while encouraging greater business-to-business collaboration.
Speaking at the signing ceremony, Executive Director of RANCON Group, Muhammad Mostafizur Rashid Bhuiyan, said the agreement would introduce greater competition in Bangladesh’s automotive sector while providing consumers with access to high-quality vehicles manufactured in Pakistan.
Special Assistant to the Prime Minister on Industries and Production Haroon Akhtar Khan welcomed the agreement, expressing confidence that the partnership would further strengthen bilateral trade and economic relations between Pakistan and Bangladesh.
He said such collaborations would create new opportunities for cooperation between the private sectors of both countries and contribute to expanding Pakistan’s export base.
The signing ceremony was attended by senior officials of MG JW Automobile Pakistan and RANCON Group, government representatives and members of the business community.
