Dewan Motors set to commence production by end February 2018

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LAHORE: A bourse notification filed Friday by Dewan Farooque Motors Limited revealed it has been granted Brownfield status by Engineering Development Board (EDB) and expected to commence production by end of February 2018.

At end of December 2017, it was reported Ministry of Industries and Production (MOIP) decided to accord Brownfield status to Dewan Farooq Motors Limited, Dewan Dachan Motors Limited on special intercession of Minister for Industries and Production, Ghulam Murtaza Khan Jatoi.

Dewan Farooque Motors Limited is a Pakistan-based automobile company. The Company is engaged in the assembling, progressive manufacturing and selling of vehicles in Pakistan. The Company’s manufacturing facilities are situated at Jilianabad, Budhu Talpur, District Sajawal, Sindh. The Company’s plant has a capacity of 10,000 units on a single shift basis.

DWFL also sells BMW vehicles in Pakistan. At the time of filing this report, DFML shares were trading at Rs38.30, up Rs1.46 and KSE-100 index was trading at 43,729.78 points, up 148.90 points from its opening on Friday morning.

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