President Pakistan Businessmen and Intellectuals Forum (PBIF), President All Karachi Industrial Alliance (AKIA), Senior Vice Chairman of the Businessmen Panel of FPCCI and former provincial minister, Mian Zahid Hussain on Wednesday said that Pakistan is 6thmost populated country after China, India, US, Indonesia and Brazil with population of 197 million. 54 percent of our population is aged below 30 years shows 100 million young potential consumers of the auto industry.
In this decade, the annual motorcycle production has increased to 2 million from 50 thousand just because of the growing young population. In Brazil, 260 people own vehicle out of 1000, the count is 80 in Indonesia while it’s just 15 in Pakistan, which shows the huge potential market for auto sector. Given to urbanization and improved living standard, increasing vehicle’s sale is expected in coming days.