Ghandhara Nissan Limited (GNL) has signed an importer agreement with Renault Trucks SAS, France for import of heavy commercial vehicles.
According to a notification sent to the stock exchange, the company had already imported a few units from Renault, France in CBU condition for trial and testing purposes.
Last month GNL was awarded “Category-B Brownfield Investment Status” by the Ministry of Industries and Production under the Automotive Development Policy 2016-21.
Under the Brownfield status, Ghandhara Nissan would be allowed to import auto parts at discounted rates of customs duty for a duration of three years. The company will also be allowed to import parts not being manufactured in Pakistan at 10% customs duty and those being produced in Pakistan at 25% for production of light commercial vehicles and cars.
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