ISLAMABAD: The Competition Commission of Pakistan (CCP) has approved the acquisition of Mitsubishi Fuso Truck and Bus Corporation (MFTBC) by Toyota Motor Corporation.

The acquisition is part of a broader global restructuring involving Toyota Motor Corporation, Daimler Truck AG, Hino Motors Ltd, and MFTBC.

Together, they form a single integrated business restructuring aimed at consolidating and jointly managing the commercial vehicle operations of Hino and MFTBC through a newly established holding structure.

At the same time, Daimler Truck AG has acquired an interest in a newly incorporated holding company, AIB Ltd, through which Hino and MFTBC will be jointly owned and managed.

Published in Dawn, January 16th, 2026