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Pakistan to export 5,800 MG vehicles to Bangladesh under new MoU
Published : Friday, 31 July, 2026 at 6:18 PM
Observer Correspondent
Pakistan's MG JW Automobile and Bangladesh's RANCON Group have signed a Memorandum of Understanding (MoU) to export Pakistani-manufactured vehicles to Bangladesh, with 100 vehicles scheduled for shipment this year and a total of 5,800 units planned over the next four years.
The agreement was signed between MG JW Automobile Pakistan and Bangladesh's RANCON Group as part of efforts to strengthen bilateral trade and economic cooperation, according to the Ministry of Industries and Production of the Government of Pakistan.
Under the MoU, 100 vehicles will be exported to Bangladesh during the current year, while total exports are projected to reach 5,800 vehicles over the next four years.
The partnership is expected to expand the range of vehicles available in the Bangladeshi market, promote healthy competition, and offer consumers a wider selection of competitively priced vehicles. It is also expected to deepen economic ties between the two countries and encourage greater business-to-business collaboration.
Speaking at the signing ceremony, Executive Director of RANCON Group Muhammad Mostafizur Rashid Bhuiyan said the agreement would introduce healthy competition in Bangladesh's automobile market while providing consumers with high-quality vehicles manufactured in Pakistan.
Special Assistant to the Prime Minister of Pakistan on Industries and Production Haroon Akhtar Khan welcomed the agreement and expressed confidence that such partnerships would strengthen trade and economic relations between Pakistan and Bangladesh while opening new avenues for private-sector cooperation.
The signing ceremony was attended by senior officials of both companies, government representatives, and members of the business community.
-HIS
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Published by the Editor on behalf of the Observer Ltd. from Globe Printers, 24/A, New Eskaton Road, Ramna, Dhaka.
Editorial, News and Commercial Offices : Aziz Bhaban (2nd floor), 93, Motijheel C/A, Dhaka-1000.
Phone: PABX- 41053001-06; Advertisement: 41053012; 01793317829, 01550707291, E-mail: [email protected], [email protected] Online: email: [email protected] 41053014; 01550707297 Advertisement: 01550707296
