July 8, 2021
ISLAMABAD: Federal Minister for Industries and Production Khusro Bakhtiar on Wednesday said the government has taken measures to promote the automobile industry by reducing prices of vehicles by up to Rs230,000 and boosting production to 500,000 units by 2025.
Addressing a press conference flanked by Federal Minister for Information and Broadcasting Fawad Chaudhry, he said production would be increased to 300,000 during the current fiscal year and to 500,000 by 2025.
Terming the automobile sector as a potential job creation sector, the minister said that each car produced in the country creates employment opportunities for at least five people. He said incentives have been provided in the 'Meri Gari Scheme' to make small cars financially affordable for the middle class.