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Aiming for exports
July 7, 2021
LAHORE: Pakistan’s auto industry is now looking at the government to come up with a new auto policy, as the previous long-term document that had been in effect since 2016 has expired.
Auto policy 2016-21 gave consumers greater choice as new players challenged existing car assemblers.
The new policy should be announced after analysing the impact of the expired policy. A look at the 2016-21 policy shows that it was only partially successful as new entrants made their mark in the market.
The monopoly of three Japanese manufacturers was only partially dented. Moreover, European brands opted out after showing initial interest. French automaker Renault announced to pull off its investment due to economic uncertainties.
Daily Times
May 20, 2021
ISLAMABAD: Federal Minister for Industries and Production Makhdum Khusro Bakhtyar held consultative sessions with representatives of the Pakistan Automotive Manufacturers Association (PAMA) and Pakistan Association of Auto Parts and Accessories Manufacturers (PAAPAM) separately.
Advisor on Commerce, Trade & Investment, Razzak Dawood and Secretary Industries and Production Sohail Rajput also joined the meeting. The meeting aimed to discuss the proposals submitted by both associations for Auto Industry Development & Export Plan (AIDEP), 2021-26.
The minister indicated that the new policy would focus on further growth and development of the automotive industry together with affordability, quality, availability, and indigenisation of the industry. He further highlighted that the government would like to see an increased footprint of electric vehicles to improve the environment and to reduce oil import bills. The minister emphasised to both associations ie PAM