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Pakistan Innovation Foundation

The Challenge invited creative minds from all over Pakistan, with unique and innovative ideas in two critical domains. The first challenge was to develop a replicable, scalable and marketable product or process that enhances productivity, reduces energy requirement or reduces industrial waste by at least 33%. The second challenge was to develop an innovative product, service, or tool that complements or enhances the utility of a manufactured product and could have a compelling market potential and cost performance profile for rapid commercialization in Pakistan.

In his remarks during a Press Briefing, Mr Faisal Muneeb Khan, the then Senior General Manager HR, Administration & CSR, IMC, said: “There is paramount need to grow our local industry in order to sustain and develop our economy. Innovation holds the key for Pakistan to not only overcome the existing challenges we are faced with but to also emerge as a key player in the international market. Through the Toyota Manufacturing Innovation Challenge, we are providing an avenue to the talent that exists in Pakistan to come forward and showcase their ideas and bring them to life.”

Terms & Conditions

  • Free one Year Pre-paid maintenance package for TSURE vehicles acquired through Financing Facility
  • 7 days Return Guarantee to be offered by the Authorized Dealership as per their terms and conditions for cars acquired through this campaign
  • **The Customers will have the option to avail up to 30% Residual Value Financing for locally assembled Corolla, Yaris & Fortuner where vehicle is not older than 3 years
  • ***Early termination profit will be 50% waiver for existing MBL customer after completion of one year Car Ijarah period whereas it will be 100% waived after completion of two years lease.
  • **The Discounted package consists of our 4th year Comprehensive package that provides all the coverage that is provided in built in warranty. It is only sold to Yaris and Corolla vehicles and is sold at a discounted price of PKR 10,000.

Please note: This package can only be sold to cars that are within the 3 years standard built in warranty period. This package will be added to vehicle’s price, and its payment will be made by customer to MBL.