Managing Director, PSO Kalim A. Siddiqui commends Hinopak Motors for its efforts

to provide a better transportation system in Pakistan 

Hinopak Motors Limited recently organized a Conference on leasing and financing of Hino vehicles at its head office, Karachi. The Chief Guest of the conference was Managing Director of Pakistan State Oil, Mr. Kalim A. Siddiqui. The conference was also attended by members of the top management of PSO, Heads and high officials of banks, leasing, Modarabas, insurance companies and a large number of customers.

Mr. Kalim Siddiqui congratulated Hinopak and commended on its efforts to organize such an event which is mutually beneficial for the automobile and financial sector. He added that PSO was the largest oil marketing company of Pakistan with leading share in the industry and is equipped with the state-of-the-art automated blending facility. He further mentioned that PSO transports its petroleum products to all over Pakistan by using Hino vehicles through its contractors.

 Mr. T. ITO, Deputy Managing Director, Hinopak, in his welcome address said that the recent economic crisis at international and domestic level and unfavorable exchange rates have negatively hit the overall market and particularly the automobile industry. The reason for arranging the conference was to provide a platform to discuss the financing and leasing issues pertaining to the commercial transporters of Pakistan during this difficult time.  

 Mr. H. Iijima, Managing Director, Hinopak while speaking to the conference participants stressed on the need for cooperation and guidance of financial sector, which he hoped would bring back the confidence of transporters for investing in commercial vehicles.

 Speaking on the occasion, Mr. Irfan Shaikh, Director Sales and Marketing Hinopak, said that the auto industry has been one of the hardest hit by the current economic difficulties. The main reason to hold the conference was to establish a common platform for all the stake holders and to reassure them of each other’s support and cooperation in these trouble times. He urged the Banks & Leasing companies to come forward and offer the best possible solution to Hino customers for financing & leasing of Hino vehicles, and at the same time assured the financial institutions of the credibility of Hino customers.