Karachi (Web Desk): At least five companies along with local partners have shown interest to set up auto plants in Pakistan, i.e. assembling series of vehicles ranging from small to large units like long or heavy trailers.

The companies which have showed interest to set up auto plants belong to China and Korea along with local partners, said Mifftah Ismail chairman Board of Investment from Islamabad.

The companies applied for auto plants in the country are Lucky Cement with KIA Motors, Haier with Foton China, United Motors Lahore with China, Regal Motors with Chinese company and Pakistan China Motors Karachi.

The government has given tax exemption for five years to new entrants under the new auto policy.