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Next auto policy to focus on promoting electronic vehicles


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 asso ....

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Govt Wants to See More Electric Cars in Pakistan


Upcoming Auto Policy Will be All About Electric and Cheap Cars
Federal Minister for Industries & Production, Makhdum Khusro Bakhtyar, held a consultative session with representatives of Pakistan Automotive Manufacturers Association (PAMA) and Pakistan Association of Auto Parts & Accessories Manufacturers (PAAPAM) separately.
In the consultative sessions with auto sector stakeholders to discuss the Auto Industry Development & Export Plan (AIDEP) 2021-26, the Minister said that the government would like to see an increased footprint of Electric Vehicles to improve the environment and to reduce the oil import bill.
Advisor on Commerce, Trade & Investment, Mr. Razzak Dawood, and Secretary Industries & Production, Sohail Rajput, also participated in the meeting. ....

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Government to focus on SME sector to achieve sustainable growth: Tarin


Daily Times
Minister says provision of microcredit will create employment opportunities at local level
May 7, 2021
Federal Minister for Finance and Revenue Shaukat Tarin held a meeting with the Minister for Industries and Production Makhdoom Khusroo Bakhtiyar at the Finance Division to discuss the features of a new credit scheme for the SME Sector. SAPM on Finance & Revenue Dr. Waqar Masood was also present during the meeting. Governor State Bank of Pakistan Reza Baqir joined the meeting through video link.
Governor State Bank of Pakistan briefed the Finance Minister on the proposal for the provision of funds for the small businesses (without collateral) for a tenure up to 3 years through the network of Commercial banks. The banks will design innovative products to reach out to the smaller businesses whereas the government will provide risk sharing facility to the banks, he added. The Governor also shared that, at present, there are around a hundred thousand smal ....

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