Pakistan, Jan. 23 -- Automotive companies of Pakistan are committed to bringing an investment of about $1.5 billion in the auto industry of Pakistan.

Amir Allahwala, former Chairman Pakistan Association of Automotive Parts & Accessories Manufacturers (PAAPAM), made this statement while briefing the Senate Committee on Industries and Production on Tuesday.

He informed the committee that eight new car makers have already entered the Pakistani market with an investment of $1.5 billion while another investment of as much amount is also expected in the near future.

Under the investment plan, the new plants have been established to manufacture glasses and windscreens of vehicles. Moreover, another plant to make alloy wheels is being set up i...